How to Buy cDAI (CDAI) in Belize

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

Step 1 – Join CEX.io

You will first need to buy one of the major coins. Exchanges usually accept either Bitcoin or Ethereum in exchange for Altcoins. Click below for registration and receive your welcome Bitcoin (BTC) or Ethereum (ETH).

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

Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is identical. cDAI (CDAI) is available on Binance, so we will use that as an illustration. Unsure on how to send funds from Coinbase to an Exchange? (Just follow these easy steps)

Make sure you have chosen the precise coin you wish to deposit.

BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, et cetera. In the case you are using a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow our manual).

Step 3 – Locate (CDAI) cDAI

As soon as your deposit has been approved, you will directly have access to your finances and you can start purchasing and trading. To invest in cDAI (CDAI) on Binance, you will want to go to the “Exchange” tab and then mouse click on “Basic”.

In order to discover (CDAI) cDAI, you will need to put the shortname of the coin (CDAI) into the search box, which is marked in the graphic. Make sure you have choosen the right grouping, we've highlighted this too. Click on “CDAI/BTC” to go on.

Step 4 – Buying (CDAI) cDAI

Once you have discovered cDAI (CDAI), you will be given a Chart with Prices (in the Center of the image) 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 with the recent tariff cDAI (CDAI) was sold for. This can be changed to your favoured price. The “Amount” field is the quantity of CDAI you like to buy. The “Total” field is the whole price in BTC that you'll pay for the complete amount of CDAI.

When you are glad, click on “Buy CDAI”. Your plan will be filled as soon as a Vendor trades their CDAI for the price you offered.

Step 5 – Withdraw (CDAI) cDAI

Unless you are frequently trading, never keep your crypto coins on an Exchange for an longer period of time. To withdraw your cDAI (CDAI), go to the tab called “Funds” and click on “Withdraw”. cDAI (CDAI) can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find cDAI (CDAI) by using the provided drop-down box. Enter the volumen of cDAI (CDAI) you would wish to withdraw. Don't forget the presented fees/minimums. Also make sure you have filled your correct withdraw address.

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

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

That's it!

Take offs from Crypto Trader can durate between 1 – 30 minutes (rely on network usage). Once you've confirmed your withdrawal with Etherscan.io or Ethplorer.io and the cDAI (CDAI) is stored inside your wallet, you're finished.