How to Buy cDAI (CDAI) in Bolivia

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

Step 1 – Join CEX.io

You will first need to buy one of the top-tier coins. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for alternative Coins. Click the button below to register and to get your first Ethereum or Bitcoin.

Step 2 – Send Your Ethereum or Bitcoin to an Exchange

Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an 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 funds from Coinbase to an Crypto Exchange? (Follow this how-to)

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

BTC must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, etc. In the case you are working with a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow our how-to).

Step 3 – Locate (CDAI) cDAI

Once your deposit has been verified, you will directly have access to your finances and you can begin purchasing and trading. To buy cDAI (CDAI) on Binance, you will want to hover over the “Exchange” tab and click on “Basic”.

In order to find (CDAI) cDAI, you will need to put the short name of the asset (CDAI) into the search-box, which is highlighted in the graphic. Be certain of having choosen the proper grouping, we've highlighted this also. Click on “CDAI/BTC” to proceed.

Step 4 – Purchasing (CDAI) cDAI

After you have spotted (CDAI) cDAI, you will be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the picture). For now we're going to make our own Limit Order.

The field with the “Price” tag will be filled with the up-to-date valuation (CDAI) cDAI was sold for. This can be changed to your preferred price. The field with the “Amount” tag is the quantity of CDAI you like to buy. The “Total” field is the aggregated price in BTC that you'll pay for the whole amount of CDAI.

When you're satisfied, click on “Buy CDAI”. Your plan will be filled as soon as a Seller trades their CDAI for the price you offered.

Step 5 – Withdraw cDAI (CDAI)

Unless you're regularly trading, you should never keepyour crypto coins on an Crypto Trader for an longer time period. To withdraw your (CDAI) cDAI, hover over the tab called “Funds” and click on “Withdraw”. cDAI (CDAI) can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find (CDAI) cDAI by using the provided drop-down box. Put into the quantity of (CDAI) cDAI you would wish to take off. Take into account the shown minimus/fees. Also make sure you have entered your precise withdraw address.

If you're satisfied, make a mouse click on “Submit”. You could be requested for phone/email verification before a take off.

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

That's it!

Withdrawals from Crypto Exchange can durate between 1 – 30 minutes (depending on network usage). As soon as you have proved your take off using Ethplorer.io or Etherscan.io and the (CDAI) cDAI is safe inside your wallet, you are all done.