How to Buy cDAI (CDAI) in Armenia

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

Step 1 – Signup to Coinmama

You'll first need to buy units of the bigger currencies. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Follow the Link below to register and to get your Bitcoin (BTC) or Ethereum (ETH).

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

Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is similar. cDAI (CDAI) is obtainable on Binance, so we're going to use that as an sample. Unsure on how to send Coinbase funds to an Crypto Trader? (Just follow this guide)

Make sure you have chosen the exact coin you would like to deposit.

BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, and so forth. In the case you are using a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow our how-to).

Step 3 – Find {cDAI (CDAI)|(CDAI) cDAI}

As soon as your deposit has been confirmed, you'll instantly have access to your funds and you can initiate purchasing and trading. To buy {cDAI (CDAI)|(CDAI) cDAI} on Binance, you'll want to hover over the ”Exchange” tab and click on “Basic”.

To locate {cDAI (CDAI)|(CDAI) cDAI}, you'll need to insert the cointype (CDAI) into the search-box, which is marked in the image. Make sure you have choosen the right pairing, we've marked this too. Click on “CDAI/BTC” to go on.

{How to buy Coin on Binance 1|Binance How To Buy 1} cDAI (CDAI)
Step 4 – Acquisition of {cDAI (CDAI)|(CDAI) cDAI}

As soon as you've discovered {cDAI (CDAI)|(CDAI) cDAI}, you will be given a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the picture). And now we're going to create our own Limit Order.

The ”Price” field will be automatically filled with the recent rate {cDAI (CDAI)|(CDAI) cDAI} was sold for. This can be changed to your desired rate. The ”Amount” field is the quantity of CDAI you like to buy. The field with the “Total” tag is the whole price in BTC that you'll settle for the complete quantity of CDAI.

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

Step 5 – Withdraw {cDAI (CDAI)|(CDAI) cDAI}

Unless you are trading, best advise is not to keep coins on an Exchange for an longer time frame. To withdraw your {cDAI (CDAI)|(CDAI) cDAI}, hover over the tab called “Funds” and click on “Withdraw”. {cDAI (CDAI)|(CDAI) cDAI} can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find {cDAI (CDAI)|(CDAI) cDAI} by using the given drop-down box. Drop in the quantity of {cDAI (CDAI)|(CDAI) cDAI} you'd like to withdraw. Don't forget the demonstrated fees/minimums. Also make sure you have entered your correct withdraw address.

When you are glad, make a mouse click on “Submit”. You may be asked for verfication via email/phone before a take off.

Congrats! You have successfully purchased and safed cDAI (CDAI) in Armenia.

That's it!

Take offs from Crypto Exchange can take anywhere from 1 – 30 minutes (rely on usage of the network). As soon as you have proved your withdrawal using Ethplorer.io or Etherscan.io and the {cDAI (CDAI)|(CDAI) cDAI} is stored inside your wallet, you are done.

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