How to Buy cDAI (CDAI) in Zambia

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

Step 1 – Signup to Kraken

In the beginning you'll need to purchase one of the top-tier coins. Exchanges usually accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for Altcoins. Click the button below for registration and to get your welcome Bitcoin or Ethereum.

Step 2 – Transfer Your Bitcoin or Ethereum to an Crypto Exchange

Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is alike. cDAI (CDAI) is available on Binance, so we're going to use that as an illustration. Unsure on how to send Coinbase funds to an Cryptocurrency Exchange? (Just follow these easy steps)

Make sure you've selected the right coin you wish to deposit.

Bitcoin must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, et cetera. In the case you are working with a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow our how-to).

Step 3 – Locate (CDAI) cDAI

Once your deposit has been affirmed, you will instantly have access to your finances and you can begin purchasing and trading. To purchase (CDAI) cDAI on Binance, you will want to hover over the “Exchange” tab and click on “Basic”.

To find (CDAI) cDAI, you'll need to put the short name of the asset (CDAI) into the search box, which is marked in the image. Be certain of having choosen the correct grouping, we have marked this too. Click on “CDAI/BTC” to advance.

Step 4 – Buy (CDAI) cDAI

Once you have found (CDAI) cDAI, you will be presented with a Price Chart (in the Center of the picture) and some Order Books (on the Left of the image). For now we are making our Limit Order.

The field with the “Price” tag will be filled with the up-to-date rate (CDAI) cDAI was traded for. You can change this to your desired rate. The “Amount” field is the volumen of CDAI you want to purchase. The “Total” field is the whole price in Bitcoin that you will pay for the whole volumen of CDAI.

If you are happy, click on “Buy CDAI”. Your order will be filled when a Seller sells their CDAI for the price you introduced.

Step 5 – Withdraw (CDAI) cDAI

Unless you are regularly trading, never keep your crypto coins on an Crypto Trader for an extensive period of time. To withdraw your (CDAI) cDAI, hover over the tab called “Funds” and mouse click on “Withdraw”. cDAI (CDAI) can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate cDAI (CDAI) by using the provided drop-down box. Drop in the volumen of cDAI (CDAI) you'd like 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 requested for email/phone verification ahead of a take off.

Congrats! You've successfully bought and safed (CDAI) cDAI in Zambia.

That's it!

Take offs from Cryptocurrency Exchange can take anywhere from 1 – 30 minutes (depending on usage of the network). As soon as you've proved your take off with Etherscan.io or Ethplorer.io and the cDAI (CDAI) is stored inside your wallet, you are done.