A Step-by-Step-Guide on how to buy cDAI (CDAI) in Pakistan
Step 1 – Signup to Coinbase – Get Free $10 You will first need to purchase units of the bigger coins. Exchanges commonly accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for alternative Coins. Follow the Link below to register and to get your first 10$.
Step 2 – Transmit Your ETH (Ethereum) or BTC (Bitcoin) to an Cryptocurrency Exchange Your Bitcoin or Ethereum will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is alike. cDAI (CDAI) is accessible on Binance, so we're going to use that as an sample. Unsure on how to send Coinbase funds to an Crypto Exchange? (Follow this guide) Make sure you've chosen the exact coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, et cetera. In the case you're working with a decentralized exchange, such as Airswap or DDEX could be different (Just follow these easy steps).
Step 3 – Locate (CDAI) cDAI As soon as your deposit has been affirmed, you will immediately have access to your funds and you can launch buying and trading. To purchase (CDAI) cDAI on Binance, you'll want to hover over the “Exchange” tab and after that mouse click on “Basic”. In order to spot (CDAI) cDAI, you'll need to insert the cointype (CDAI) into the search box, which is marked in the image. Make sure you have selected the proper pairing, we've highlighted this also. Click on “CDAI/BTC” to proceed.
Step 4 – Buy (CDAI) cDAI After you have found cDAI (CDAI), you will be presented with a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the picture). And now we are going to make our Limit Order. The “Price” field will be filled automatically with the recent price cDAI (CDAI) was traded for. This can be changed to your desired rate. The “Amount” field is the volumen of CDAI you like to buy. The field with the “Total” tag is the total price in Bitcoin that you'll settle for the whole amount of CDAI. When you are glad, make a mouse click on “Buy CDAI”. Your order will be filled as soon as a Vendor sells their CDAI for the price you submitted.
Step 5 – Withdraw cDAI (CDAI) Unless you're regularly trading, best advise is not to keep crypto coins on an Exchange for an extended time frame. In order to withdraw your (CDAI) cDAI, go to the “Funds” tab and click on “Withdraw”. (CDAI) cDAI can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate (CDAI) cDAI by using the provided drop-down box. Put into the volumen of cDAI (CDAI) you would like to withdraw. Don't forget the presented minimus/fees. Also make sure you have entered your right withdraw address. When you're satisfied, click “Submit”. You could be asked for phone/email verification ahead of a take off.