How to Buy cDAI (CDAI) in Argentina

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

Step 1 – Join CEX.io

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

Step 2 – Transmit Your Ethereum or Bitcoin to an Crypto Exchange

Your Ethereum or Bitcoin has to be sent over to an Cryptocurrency Exchange now. Every exchange has 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 Coinbase funds to an Exchange? (Follow this how-to)

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

BTC must be sent to a BTC deposit address, ETH to an Ethereum deposit address, and so forth. If you're using a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow these easy steps).

Step 3 – Find cDAI (CDAI)

As soon as your deposit has been verified, you'll immediately have access to your funds and you can commence invest and trading. To invest in cDAI (CDAI) on Binance, you will want to go to the “Exchange” tab and then click on “Basic”.

In order to find (CDAI) cDAI, you'll need to put the cointype (CDAI) into the search-box, which is marked in the picture. Make sure you have selected the proper pairing, we have marked this also. Click on “CDAI/BTC” to progress.

Step 4 – Acquisition of (CDAI) cDAI

Once you have spotted cDAI (CDAI), you will be given a Price Chart (in the Center of the image) and some Order Books (on the Left of the image). Next we are going to create our own Limit Order.

The field with the “Price” tag will be filled with the recent rate (CDAI) cDAI was sold for. You can change this to your preferred price. The field with the “Amount” tag is the volumen of CDAI you want to purchase. The field with the “Total” tag is the total price in BTC that you will pay for the whole volumen of CDAI.

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

Step 5 – Withdraw (CDAI) cDAI

Unless you're trading, best advise is not to keep coins on an Cryptocurrency Exchange for an extensive period of time. In order to withdraw your (CDAI) cDAI, go to the “Funds” tab and mouse click on “Withdraw”. cDAI (CDAI) can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find cDAI (CDAI) by using the provided drop-down box. Drop in the amount of (CDAI) cDAI you would like to withdraw. Don't forget the displayed minimus/fees. Also make sure you have filled your precise withdraw address.

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

Congrats! You've successfully bought and stored (CDAI) cDAI in Argentina.

That's it!

Take offs from Cryptocurrency Exchange can take between 1 – 30 minutes (rely on network usage). As soon as you've proved your take off using Etherscan.io or Ethplorer.io and the (CDAI) cDAI is safe within your wallet, you're done.