How to Buy cDAI (CDAI) in Bolivia

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

Step 1 – Signup to Coinbase – Get Free $10

You'll first need to buy units of the top-tier coins. Exchanges commonly accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for Altcoins. Click the button below for registration and to get your welcome 10 Dollar.

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

Your Bitcoin or Ethereum will need to be sent over to an Crypto Exchange 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 Crypto Trader? (Follow this guide)

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

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etc. If you are working with a decentralized exchange, such as Airswap or DDEX could be divergent (Follow our how-to).

Step 3 – Locate cDAI (CDAI)

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

In order to find cDAI (CDAI), you'll need to insert the cointype (CDAI) into the search-box, which is marked in the image. Make sure you have selected the right grouping, we have marked this too. Click on “CDAI/BTC” to advance.

Step 4 – Purchase (CDAI) cDAI

As soon as you have found (CDAI) cDAI, you'll be presented with a Price Chart (in the Center of the image) and some Order Books (Leftside of the picture). For now we're going to make our Limit Order.

The “Price” field will be filled with the recent valuation cDAI (CDAI) was traded for. This can be changed to your favoured rate. The field with the “Amount” tag is the quantity of CDAI you wish to purchase. The field with the “Total” tag is the whole price in BTC that you'll settle for the complete volumen of CDAI.

When you are glad, click on “Buy CDAI”. Your order will be filled when a Vendor trades their CDAI for the price you introduced.

Step 5 – Withdraw cDAI (CDAI)

Unless you're trading, never keep your coins on an Crypto Exchange for an extended period of time. To take off your cDAI (CDAI), hover over the tab called “Funds” and mouse click on “Withdraw”. cDAI (CDAI) can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find cDAI (CDAI) by using the given drop-down box. Drop in the volumen of cDAI (CDAI) you would like to take off. Take into account the demonstrated minimus/fees. Also make sure you have filled your precise withdraw address.

If you are happy, make a mouse click on “Submit”. You may be asked for verfication via email/phone ahead of a take off.

Kudos! You've successfully bought and safed cDAI (CDAI) in Bolivia.

That's it!

Take offs from Crypto Exchange can durate between 1 – 30 minutes (rely on network usage). As soon as you've confirmed your withdrawal with Etherscan.io or Ethplorer.io and the cDAI (CDAI) is stored in your wallet, you're done.