How to Buy cDAI (CDAI) in Uganda

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

Step 1 – Signup to Kraken

You will first need to purchase one of the top-tier currencies. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Follow the Link below for registration and to get your first BTC (Bitcoin) or ETH (Ethereum).

Step 2 – Transmit Your Ethereum or Bitcoin to an Cryptocurrency Exchange

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

Make sure you have chosen the precise coin you want to deposit.

BTC must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, and so forth. In the case you are using a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow our manual).

Step 3 – Locate cDAI (CDAI)

As soon as your deposit has been confirmed, you will now have access to your funds and you can begin purchasing and trading. To buy cDAI (CDAI) on Binance, you'll want to go to the “Exchange” tab and then mouse click on “Basic”.

In order to discover cDAI (CDAI), you will need to insert the shortname of the coin (CDAI) into the search-box, which is marked in the picture. Make sure you have selected the correct pairing, we've marked this also. Click on “CDAI/BTC” to continue.

Step 4 – Acquisition of (CDAI) cDAI

As soon as you've found cDAI (CDAI), you'll be given a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the image). For now we're going to make our Limit Order.

The “Price” field will be automatically filled with the up-to-date tariff cDAI (CDAI) was traded for. This can be changed to your desired price. The field with the “Amount” tag is the volumen of CDAI you like to purchase. The “Total” field is the total price in Bitcoin that you will settle for the whole quantity of CDAI.

When you are satisfied, click on “Buy CDAI”. Your order will be filled when a Vender trades their CDAI for the price you introduced.

Step 5 – Withdraw (CDAI) cDAI

Unless you're trading, best advise is not to keep crypto coins on an Crypto Exchange for an longer time frame. In order to take off your (CDAI) cDAI, hover over the tab called “Funds” and mouse click on “Withdraw”. cDAI (CDAI) can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find (CDAI) cDAI by using the provided drop-down box. Put into the quantity of (CDAI) cDAI you would wish to withdraw. Take into account the displayed minimus/fees. Also make sure you have filled your precise withdraw address.

If you are satisfied, click on “Submit”. You could be asked for phone/email verification ahead of a take off.

Congrats! You've successfully purchased and stored cDAI (CDAI) in Uganda.

That's it!

Withdrawals from Crypto Trader can take anywhere from 1 – 30 minutes (depending on usage of the network). Once you have confirmed your take off with Ethplorer.io or Etherscan.io and the cDAI (CDAI) is safe inside your wallet, you are all done.