How to Buy cDAI (CDAI) in Iraq

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

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

You will first need to purchase one of the top-tier currencies. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for Altcoins. Click the button below to register and receive your welcome 10$.

Step 2 – Send Your Funds to an Crypto Trader

Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an 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 these easy steps)

Make sure you have selected the correct coin you wish to deposit.

BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, et cetera. In the case you are using a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow our guide).

Step 3 – Locate cDAI (CDAI)

Once your deposit has been confirmed, you'll instantly have access to your finances and you can start buying and trading. To purchase cDAI (CDAI) on Binance, you will want to hover over the tab which is calledExchangeand click onBasic”.

In order to locate cDAI (CDAI), you'll need to insert the cointype (CDAI) into the search-box, which is marked in the image. Be certain of having selected the proper grouping, we have highlighted this too. Click onCDAI/BTCto continue.

Step 4 – Acquisition of cDAI (CDAI)

As soon as you have spotted cDAI (CDAI), you will be given a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the picture). For now we're making our Limit Order.

ThePricefield will be filled with the most latest price (CDAI) cDAI was traded for. You can change this to your preferred rate. The field with theAmounttag is the amount of CDAI you wish to purchase. The field with theTotaltag is the whole price in Bitcoin that you'll settle for the complete amount of CDAI.

If you're happy, click onBuy CDAI”. Your order will be filled as soon as a Vender sells their CDAI for the price you offered.

Step 5 – Withdraw cDAI (CDAI)

Unless you're trading, best advise is not to keep your coins on an Crypto Exchange for an extended time frame. In order to take off your (CDAI) cDAI, go to theFundstab and mouse click onWithdraw”. cDAI (CDAI) can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (CDAI) cDAI by using the provided drop-down box. Put into the amount of cDAI (CDAI) you'd wish to withdraw. Don't forget the displayed minimus/fees. Also make sure you have entered your right withdraw address.

If you are happy, make a mouse click onSubmit”. You may be asked for verfication via email/phone ahead of a withdrawal.

Congratulations! You have successfully bought and stored cDAI (CDAI) in Iraq.

That's it!

Withdrawals from Crypto Trader can durate anywhere from 1 – 30 minutes (rely on network usage). Once you've proved your take off with Etherscan.io or Ethplorer.io and the cDAI (CDAI) is stored inside your wallet, you are done.