How to Buy cDAI (CDAI) in United Arab Emirates

A Step-by-Step-Guide on how to buy cDAI (CDAI) in United Arab Emirates

Step 1 – Join Coinbase – Get Free $10

In the beginning you'll need to buy one of the top-tier currencies. Exchanges commonly accept either Ethereum or Bitcoin in exchange for alternative Coins. Click the button below for registration and getting your first 10 Dollar.

Step 2 – Send Your Funds to an Crypto Trader

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

Make sure you've chosen the exact coin you would like to deposit.

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, etc. If you're using a decentralized exchange, such as Airswap or DDEX could be unlike (Follow these easy steps).

Step 3 – Find (CDAI) cDAI

As soon as your deposit has been verified, you will now have access to your assets and you can launch buying and trading. To purchase cDAI (CDAI) on Binance, you will want to hover over the tab which is called “Exchange” and then click on “Basic”.

To locate (CDAI) cDAI, you'll need to put the shortname of the coin (CDAI) into the search-box, which is marked in the picture. Be certain of having choosen the right pairing, we have highlighted this too. Click on “CDAI/BTC” to progress.

Step 4 – Acquisition of cDAI (CDAI)

As soon as you've found (CDAI) cDAI, you will be given a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the image). Next we are going to create our Limit Order.

The field with the “Price” tag will be filled with the latest tariff (CDAI) cDAI was sold for. You can change this to your favoured rate. The field with the “Amount” tag is the quantity of CDAI you wish to purchase. The “Total” field is the whole price in BTC that you'll pay for the whole amount of CDAI.

When you're happy, make a mouse click on “Buy CDAI”. Your order will be filled when a Vendor trades their CDAI for the price you introduced.

Step 5 – Withdraw cDAI (CDAI)

Unless you're regularly trading, best advise is not to keep your crypto on an Cryptocurrency Exchange for an extended time period. In order to withdraw your cDAI (CDAI), go to the “Funds” tab and mouse click on “Withdraw”. (CDAI) cDAI can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate cDAI (CDAI) by using the provided drop-down box. Put into the quantity of (CDAI) cDAI you'd like to withdraw. Don't forget the presented minimus/fees. Also make sure you have entered your right withdraw address.

If you're glad, make a mouse click on “Submit”. You may be requested for verfication via phone/email before a withdrawal.

Congrats! You have successfully bought and stored cDAI (CDAI) in United Arab Emirates.

That's it!

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