A Step-by-Step-Guide on how to buy cDAI (CDAI) in Togo
Step 1 – Signup to Kraken In the beginning you'll need to purchase units of the major coins. Exchanges normally accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for Altcoins. Follow the Link below for registration and receive your first Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Transfer Your BTC (Bitcoin) or ETH (Ethereum) to an Crypto Exchange Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is identical. cDAI (CDAI) is accessible on Binance, so we will use that as an sample. Not sure on how to send Coinbase funds to an Crypto Trader? (Just follow this how-to) Make sure you've chosen the right coin you want to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, etc. In the case you're using a decentralized exchange, such as Airswap or DDEX could be unlike (Follow our how-to).
Step 3 – Find (CDAI) cDAI Once your deposit has been confirmed, you will now have access to your finances and you can launch purchasing and trading. To invest in (CDAI) cDAI on Binance, you will want to hover over the tab which is called “Exchange” and then mouse click on “Basic”. In order to locate (CDAI) cDAI, you will need to put the shortname of the coin (CDAI) into the search box, which is highlighted in the image. Make sure you have choosen the right pairing, we've highlighted this also. Click on “CDAI/BTC” to advance.
Step 4 – Purchasing (CDAI) cDAI Once you have found (CDAI) cDAI, you'll be given a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the picture). Next we're going to create our own Limit Order. The “Price” field will be filled automatically with the most recent tariff cDAI (CDAI) was sold for. This can be changed to your favoured rate. The “Amount” field is the quantity of CDAI you want to buy. The “Total” field is the whole price in BTC that you'll pay for the complete amount of CDAI. When you're satisfied, make a mouse click on “Buy CDAI”. Your plan will be filled as soon as a Vendor trades their CDAI for the price you offered.
Step 5 – Withdraw cDAI (CDAI) Unless you are frequently trading, you should never keepyour crypto on an Exchange for an extended time period. In order to take off your cDAI (CDAI), go to the “Funds” tab and mouse click on “Withdraw”. cDAI (CDAI) can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find cDAI (CDAI) by using the given drop-down box. Put into the quantity of (CDAI) cDAI you'd like to withdraw. Don't forget the shown fees/minimums. Also make sure you have entered your precise withdraw address. If you're satisfied, click on “Submit”. You could be requested for verfication via email/phone before a withdrawal.