How to Buy cDAI (CDAI) in Azerbaijan

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

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

In the beginning you'll need to purchase units of the top-tier currencies. Exchanges usually accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Click below to register and getting your first 10$.

Binance Signup
Step 2 – Transmit Your BTC (Bitcoin) or ETH (Ethereum) to an Cryptocurrency Exchange

Your Ethereum or Bitcoin has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is similar. cDAI (CDAI) is obtainable on Binance, so we will use that as an example. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow these easy steps)

Make sure you've selected the right coin you wish to deposit.

BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, and so forth. If you're using a decentralized exchange, such as Airswap or DDEX could be different (Follow our guide).

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

As soon as your deposit has been approved, you'll now have access to your assets and you can commence buying and trading. To invest in {cDAI (CDAI)|(CDAI) cDAI} on Binance, you'll want to hover over the tab which is called “Exchange” and after that click on “Basic”.

To discover {cDAI (CDAI)|(CDAI) cDAI}, you'll need to insert the cointype (CDAI) into the search box, which is highlighted in the image. Be certain of having choosen the proper grouping, we have highlighted this too. Click on “CDAI/BTC” to proceed.

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

Once you have discovered {cDAI (CDAI)|(CDAI) cDAI}, you will be given a Price Chart (in the Center of the picture) and some Order Books (on the Left of the picture). And now we are going to create our own Limit Order.

The ”Price” field will be automatically filled with the most latest rate {cDAI (CDAI)|(CDAI) cDAI} was sold for. You can change this to your desired price. The ”Amount” field is the volumen of CDAI you want to purchase. The field with the “Total” tag is the total price in BTC that you'll settle for the complete volumen of CDAI.

When you are satisfied, make a mouse click on “Buy CDAI”. Your order will be filled as soon as a Vender sells their CDAI for the price you submitted.

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

Unless you are trading, you should never keepyour crypto on an Cryptocurrency Exchange for an extended period of time. To withdraw your {cDAI (CDAI)|(CDAI) cDAI}, go to the tab called “Funds” and mouse click on “Withdraw”. {cDAI (CDAI)|(CDAI) cDAI} can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find {cDAI (CDAI)|(CDAI) cDAI} by using the given drop-down box. Enter the quantity of {cDAI (CDAI)|(CDAI) cDAI} you would like to withdraw. Take into account the shown minimus/fees. Also make sure you have filled your right withdraw address.

If you are glad, click on “Submit”. You may be asked for email/phone verification before a withdrawal.

Kudos! You have successfully purchased and stored cDAI (CDAI) in Azerbaijan.

That's it!

Take offs from Cryptocurrency Exchange can take anywhere from 1 – 30 minutes (rely on network usage). As soon as you have confirmed your take off using Ethplorer.io or Etherscan.io and the {cDAI (CDAI)|(CDAI) cDAI} is safe within your wallet, you are all done.

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