How to Buy cDAI (CDAI) in Timor-Leste

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

Step 1 – Signup to CoinbaseGet Free $10

In the beginning you'll need to purchase one of the bigger coins. Exchanges normally accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for alternative Coins. Click below to register and getting your first $10.

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

Your Bitcoin or Ethereum will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is identical. cDAI (CDAI) is accessible on Binance, so we're going to use that as an sample. Unsure on how to send funds from Coinbase to an Crypto Exchange? (Follow this guide)

Make sure you have chosen the right coin you want to deposit.

BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so on. If you are dealing with a decentralized exchange, such as Airswap or DDEX could be opposed (Follow our guide).

Step 3 – Find (CDAI) cDAI

Once your deposit has been approved, you'll immediately have access to your assets and you can start buying and trading. To invest in (CDAI) cDAI on Binance, you will want to hover over the tab which is calledExchangeand then mouse click onBasic”.

To locate cDAI (CDAI), you'll need to insert the shortname of the coin (CDAI) into the search-box, which is highlighted in the graphic. Make sure you have selected the proper pairing, we have highlighted this also. Click onCDAI/BTCto advance.

Step 4 – Acquisition of (CDAI) cDAI

As soon as you have spotted (CDAI) cDAI, you will be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the image). For now we're going to create our Limit Order.

The field with thePricetag will be filled automatically with the most recent price cDAI (CDAI) was sold for. You can change this to your desired price. TheAmountfield is the quantity of CDAI you want to buy. TheTotalfield is the total price in Bitcoin that you'll pay for the complete volumen of CDAI.

When you're satisfied, click onBuy CDAI”. Your plan will be filled when a Vendor sells their CDAI for the price you introduced.

Step 5 – Withdraw (CDAI) cDAI

Unless you're frequently trading, you should never keepyour crypto coins on an Cryptocurrency Exchange for an extensive period of time. To take off your (CDAI) cDAI, hover over the tab calledFundsand click onWithdraw”. (CDAI) cDAI can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate cDAI (CDAI) by using the given drop-down box. Enter the volumen of (CDAI) cDAI you would wish to take off. Don't forget the presented minimus/fees. Also make sure you have filled your right withdraw address.

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

Congrats! You've successfully purchased and stored (CDAI) cDAI in Timor-Leste.

That's it!

Take offs from Cryptocurrency Exchange can durate between 1 – 30 minutes (depending on usage of the network). As soon as you have proved your withdrawal using Etherscan.io or Ethplorer.io and the cDAI (CDAI) is stored within your wallet, you are done.