How to Buy cDAI (CDAI) in Yemen

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

Step 1 – Signup to Kraken

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

Kraken Signup
Step 2 – Transfer Your Bitcoin (BTC) or Ethereum (ETH) to an Crypto Trader

Your Bitcoin or Ethereum will need to be sent over to an Exchange now. Every exchange has a deposit form that is similar. cDAI (CDAI) is obtainable on Binance, so we will use that as an illustration. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Follow this manual)

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

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

Binance Signup

Step 3 – Find (CDAI) cDAI

As soon as your deposit has been approved, you will immediately have access to your finances and you can initiate buying and trading. To purchase cDAI (CDAI) on Binance, you will want to hover over the “Exchange” tab and then mouse click on “Basic”.

In order to find (CDAI) cDAI, you will need to insert the short name of the asset (CDAI) into the search-box, which is marked in the graphic. Be certain of having choosen the correct grouping, we've marked this also. Click on “CDAI/BTC” to proceed.

Step 4 – Buy (CDAI) cDAI

After you have found cDAI (CDAI), you'll be presented with a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the image). For now we're going to make our Limit Order.

The field with the “Price” tag will be filled with the up-to-date valuation (CDAI) cDAI was traded for. This can be changed to your preferred price. The field with the “Amount” tag is the quantity of CDAI you wish to buy. The “Total” field is the whole price in BTC that you'll pay for the whole amount of CDAI.

When you're glad, click on “Buy CDAI”. Your plan will be filled when a Vender trades their CDAI for the price you introduced.

Step 5 – Withdraw cDAI (CDAI)

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

Find cDAI (CDAI) by using the given drop-down box. Drop in the quantity of cDAI (CDAI) you'd like to withdraw. Don't forget the shown minimus/fees. Also make sure you have entered your right withdraw address.

When you're satisfied, make a mouse click on “Submit”. You could be requested for email/phone verification ahead of a take off.

Congratulations! You've successfully bought and safed (CDAI) cDAI in Yemen.

That's it!

Take offs from Crypto Exchange can take between 1 – 30 minutes (depending on network usage). Once you have confirmed your withdrawal with Etherscan.io or Ethplorer.io and the cDAI (CDAI) is stored inside your wallet, you're finished.
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