How to Buy cDAI (CDAI) in Turkmenistan

A Step-by-Step-Guide on how to buy cDAI (CDAI) in Turkmenistan

Step 1 – Signup to Kraken

You'll first need to buy one of the top-tier coins. Exchanges commonly accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for Altcoins. Click below to register and to get your first Bitcoin (BTC) or Ethereum (ETH).

Step 2 – Transmit Your Bitcoin (BTC) or Ethereum (ETH) to an Crypto Exchange

Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Exchange now. Every exchange has a deposit form that is identical. cDAI (CDAI) is accessible on Binance, so we're going to use that as an illustration. Unsure on how to send funds from Coinbase to an Exchange? (Follow this how-to)

Make sure you've selected the precise coin you would like to deposit.

BTC must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, and so on. In the case you're using a decentralized exchange, like Airswap or DDEX could be opposed (Just follow these easy steps).

Step 3 – Locate (CDAI) cDAI

Once your deposit has been verified, you will immediately have access to your assets and you can initiate buying and trading. To invest in (CDAI) cDAI on Binance, you'll want to hover over the tab which is called “Exchange” and after that click on “Basic”.

In order to locate cDAI (CDAI), you'll need to insert the cointype (CDAI) into the search box, which is highlighted in the picture. Make sure you have choosen the correct grouping, we've marked this also. Click on “CDAI/BTC” to proceed.

Step 4 – Buying cDAI (CDAI)

Once you have located cDAI (CDAI), you will be presented with a Price Chart (in the Center of the image) and some Order Books (Leftside of the picture). For now we are going to create our Limit Order.

The field with the “Price” tag will be automatically filled with the recent rate cDAI (CDAI) was traded for. This can be changed to your desired rate. The “Amount” field is the quantity of CDAI you like to purchase. The field with the “Total” tag is the whole price in BTC that you will pay for the complete volumen of CDAI.

If you are glad, make a mouse click on “Buy CDAI”. Your order will be filled as soon as a Vendor sells their CDAI for the price you offered.

Step 5 – Withdraw cDAI (CDAI)

Unless you are regularly trading, best advise is not to keep your crypto coins on an Crypto Exchange for an longer time frame. In order to take off your cDAI (CDAI), go to the tab called “Funds” and click on “Withdraw”. (CDAI) cDAI can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find cDAI (CDAI) by using the given drop-down box. Enter the quantity of cDAI (CDAI) you'd wish to take off. Take into account the shown fees/minimums. Also make sure you have filled your correct withdraw address.

If you are glad, click on “Submit”. You could be requested for verfication via phone/email before a take off.

Congrats! You've successfully purchased and safed cDAI (CDAI) in Turkmenistan.

That's it!

Withdrawals from Crypto Trader can durate anywhere from 1 – 30 minutes (rely on network usage). As soon as you've proved your take off with Ethplorer.io or Etherscan.io and the cDAI (CDAI) is safe in your wallet, you are finished.