How to Buy cDAI (CDAI) in Zimbabwe

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

Step 1 – Signup to CEX.io

In the beginning you'll need to purchase one of the top-tier currencies. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Follow the Link below to register and receive your first Ethereum (ETH) or Bitcoin (BTC).

Step 2 – Transmit Your Funds to an Crypto Exchange

Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is alike. cDAI (CDAI) is obtainable on Binance, so we will use that as an sample. Not sure on how to send Coinbase funds to an Crypto Trader? (Just follow these easy steps)

Make sure you have selected the exact coin you would like to deposit.

BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, etc. If you are dealing with a decentralized exchange, such as Airswap or DDEX could be unlike (Just follow our how-to).

Step 3 – Find (CDAI) cDAI

Once your deposit has been approved, you will directly have access to your funds and you can initiate buying and trading. To purchase cDAI (CDAI) on Binance, you'll want to hover over the “Exchange” tab and after that click on “Basic”.

In order to spot cDAI (CDAI), you will need to put the short name of the asset (CDAI) into the search-box, which is highlighted in the image. Make sure you have choosen the right grouping, we have highlighted this too. Click on “CDAI/BTC” to progress.

Step 4 – Purchase cDAI (CDAI)

Once you've discovered cDAI (CDAI), you'll be given a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the picture). Next we are going to make our own Limit Order.

The “Price” field will be filled automatically with the most latest tariff (CDAI) cDAI was sold for. You can change this to your preferred price. The “Amount” field is the quantity of CDAI you like to purchase. The “Total” field is the whole price in Bitcoin that you'll pay for the complete amount of CDAI.

If you're glad, click on “Buy CDAI”. Your order will be filled when a Vender sells their CDAI for the price you offered.

Step 5 – Withdraw cDAI (CDAI)

Unless you are trading, best advise is not to keep your crypto coins on an Crypto Trader for an extended time period. To withdraw your cDAI (CDAI), hover over the “Funds” tab and mouse click on “Withdraw”. cDAI (CDAI) can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

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

If you are glad, click “Submit”. You may be requested for email/phone verification before a take off.

Kudos! You have successfully purchased and safed (CDAI) cDAI in Zimbabwe.

That's it!

Withdrawals from Crypto Exchange can durate anywhere from 1 – 30 minutes (depending on usage of the network). As soon as you've confirmed your withdrawal using Ethplorer.io or Etherscan.io and the cDAI (CDAI) is stored inside your wallet, you're all done.