How to Buy cDAI (CDAI) in Eritrea

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

Step 1 – Signup to Coinbase and recieve 10$ for free

You'll first need to buy one of the top-tier currencies. Exchanges normally accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for alternative Coins. Click below for registration and to get your welcome $10.

Step 2 – Send Your BTC (Bitcoin) or ETH (Ethereum) to an Crypto Trader

Your Bitcoin (BTC) or Ethereum (ETH) will need 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 will use that as an illustration. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow this how-to)

Make sure you've selected the correct coin you want to deposit.

Bitcoin must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, et cetera. If you're working with a decentralized exchange, like Airswap or DDEX could be divergent (Follow our guide).

Step 3 – Locate (CDAI) cDAI

As soon as your deposit has been verified, you will instantly have access to your funds and you can initiate invest and trading. To purchase cDAI (CDAI) on Binance, you will want to hover over theExchangetab and mouse click onBasic”.

In order to locate (CDAI) cDAI, you will need to put the short name of the asset (CDAI) into the search box, which is marked in the graphic. Make sure you have selected the correct pairing, we've marked this also. Click onCDAI/BTCto continue.

Step 4 – Buy (CDAI) cDAI

After you've discovered (CDAI) cDAI, you will be presented with a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the image). And now we are going to make our Limit Order.

The field with thePricetag will be filled with the most latest rate cDAI (CDAI) was traded for. This can be changed to your desired rate. TheAmountfield is the quantity of CDAI you want to buy. TheTotalfield is the total price in BTC that you'll pay for the whole amount of CDAI.

If you are happy, click onBuy CDAI”. Your plan will be filled when a Vender trades their CDAI for the price you gave.

Step 5 – Withdraw cDAI (CDAI)

Unless you're frequently trading, never keep your crypto coins on an Crypto Exchange for an extensive time frame. In order to take off your (CDAI) cDAI, hover over the tab calledFundsand mouse click onWithdraw”. cDAI (CDAI) can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

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

When you are glad, make a mouse click onSubmit”. You could be asked for phone/email verification before a take off.

Congratulations! You've successfully purchased and safed (CDAI) cDAI in Eritrea.

That's it!

Withdrawals from Cryptocurrency Exchange can take between 1 – 30 minutes (rely on network usage). As soon as you've confirmed your withdrawal with Ethplorer.io or Etherscan.io and the cDAI (CDAI) is safe in your wallet, you're done.