How to Buy cDAI (CDAI) in Uzbekistan

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

Step 1 – Join CEX.io

In the beginning you'll need to buy one of the major coins. Exchanges commonly accept either Bitcoin or Ethereum in exchange for alternative Coins. Follow the Link below to register and getting your welcome BTC (Bitcoin) or ETH (Ethereum).

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

Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Exchange now. All exchanges have 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 funds from Coinbase to an Crypto Exchange? (Just follow this manual)

Make sure you've chosen the correct coin you wish to deposit.

Bitcoin must be sent to a BTC deposit address, ETH to an Ethereum deposit address, etc. If you're using a decentralized exchange, like Airswap or DDEX could be unlike (Follow our guide).

Step 3 – Locate (CDAI) cDAI

Once your deposit has been approved, you will immediately have access to your finances and you can initiate invest and trading. To buy cDAI (CDAI) on Binance, you will want to hover over the tab which is called “Exchange” and click on “Basic”.

To discover (CDAI) cDAI, you will need to insert the short name of the asset (CDAI) into the search-box, which is marked in the picture. Make sure you have choosen the right pairing, we've marked this too. Click on “CDAI/BTC” to go on.

Step 4 – Acquisition of (CDAI) cDAI

After you have spotted cDAI (CDAI), you'll be presented with a Price Chart (in the Center of the picture) and some Order Books (on the Left of the image). And now we're going to create our own Limit Order.

The “Price” field will be automatically filled with the recent 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 want to purchase. The field with the “Total” tag is the aggregated price in Bitcoin that you will pay for the complete quantity of CDAI.

When you are happy, make a mouse click on “Buy CDAI”. Your order will be filled when a Vendor sells their CDAI for the price you submitted.

Step 5 – Withdraw (CDAI) cDAI

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

Find cDAI (CDAI) by using the given drop-down box. Enter the amount of (CDAI) cDAI you'd like to withdraw. Don't forget the shown fees/minimums. Also make sure you have filled your correct withdraw address.

When you're glad, click “Submit”. You may be asked for verfication via email/phone ahead of a withdrawal.

Kudos! You've successfully purchased and stored (CDAI) cDAI in Uzbekistan.

That's it!

Take offs from Crypto Trader can take anywhere from 1 – 30 minutes (depending on usage of the network). Once you've proved your take off with Ethplorer.io or Etherscan.io and the (CDAI) cDAI is safe within your wallet, you are all done.