A Step-by-Step-Guide on how to buy cDAI (CDAI) in Lesotho
Step 1 – Join Coinbase and get 10$ for free You will first need to purchase one of the top-tier coins. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for alternative Coins. Click below for registration and getting your first 10$.
Step 2 – Send Your ETH (Ethereum) or BTC (Bitcoin) to an Exchange Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Exchange now. All exchanges have a deposit form that is identical. cDAI (CDAI) is accessible on Binance, so we will use that as an sample. Not sure on how to send funds from Coinbase to an Exchange? (Follow this how-to) Make sure you have selected the correct coin you wish to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, etcetera. In the case you're dealing with a decentralized exchange, like Airswap or DDEX could be opposed (Follow our guide).
Step 3 – Locate (CDAI) cDAI As soon as your deposit has been approved, you'll directly have access to your assets and you can commence buying and trading. To invest in cDAI (CDAI) on Binance, you'll want to go to the tab which is called “Exchange” and then click on “Basic”. To locate cDAI (CDAI), you will need to insert the short name of the asset (CDAI) into the search-box, which is marked in the graphic. Make sure you have choosen the correct pairing, we've marked this too. Click on “CDAI/BTC” to go ahead.
Step 4 – Purchase cDAI (CDAI) Once you've spotted cDAI (CDAI), you'll be given a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the image). And now we're going to create our own Limit Order. The “Price” field will be filled automatically with the most recent rate (CDAI) cDAI was traded for. This can be changed to your preferred rate. The “Amount” field is the quantity of CDAI you like to buy. The “Total” field is the whole price in Bitcoin that you'll settle for the complete quantity of CDAI. If you are satisfied, make a mouse click on “Buy CDAI”. Your plan 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, never keep your crypto on an Exchange for an extended time frame. To take off your cDAI (CDAI), go to the tab called “Funds” and mouse click on “Withdraw”. (CDAI) cDAI can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find cDAI (CDAI) by using the provided drop-down box. Enter the amount of cDAI (CDAI) you would wish to withdraw. Take into account the displayed fees/minimums. Also make sure you have entered your right withdraw address. If you're satisfied, click “Submit”. You could be asked for email/phone verification before a withdrawal.