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 Kraken

You will first need to purchase units of the major currencies. Exchanges normally accept either Ethereum or Bitcoin in exchange for Altcoins. Follow the Link below for registration and getting your welcome Ethereum (ETH) or Bitcoin (BTC).

Step 2 – Send Your Ethereum or Bitcoin to an Crypto Trader

Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Crypto 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 sample. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow this manual)

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

BTC must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so on. In the case you're dealing with a decentralized exchange, like Airswap or DDEX could be unlike (Follow these easy steps).

Step 3 – Locate (CDAI) cDAI

Once your deposit has been verified, you will instantly have access to your assets and you can commence buying and trading. To purchase cDAI (CDAI) on Binance, you'll want to go to the “Exchange” tab and after that mouse click on “Basic”.

In order to spot (CDAI) cDAI, you will need to put the cointype (CDAI) into the search-box, which is highlighted in the image. Make sure you have selected the right pairing, we have marked this too. Click on “CDAI/BTC” to proceed.

Step 4 – Acquisition of (CDAI) cDAI

After you have discovered cDAI (CDAI), you will be given a Price Chart (in the Center of the image) and a few Order Books (on the Left of the image). Next we're creating our Limit Order.

The field with the “Price” tag will be filled with the most latest price cDAI (CDAI) was sold for. This can be changed to your preferred price. The “Amount” field is the amount of CDAI you wish to buy. The “Total” field is the whole price in Bitcoin that you will pay for the whole volumen 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 submitted.

Step 5 – Withdraw cDAI (CDAI)

Unless you're frequently trading, never keep your crypto on an Exchange for an extended period of time. In order to take off your cDAI (CDAI), go to the tab called “Funds” and click on “Withdraw”. (CDAI) cDAI can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (CDAI) cDAI by using the given drop-down box. Drop in the amount of (CDAI) cDAI you'd wish to take off. Take into account the demonstrated minimus/fees. Also make sure you have entered your precise withdraw address.

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

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

That's it!

Take offs from Exchange can take between 1 – 30 minutes (rely on network usage). Once you've proved your withdrawal using Ethplorer.io or Etherscan.io and the cDAI (CDAI) is safe inside your wallet, you are done.