How to Buy cDAI (CDAI) in Brazil

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

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

You will first need to purchase one of the major coins. Exchanges normally accept either Bitcoin or Ethereum in exchange for any other Cryptocurrency. Click below to register and receive your welcome $10.

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

Your BTC (Bitcoin) or ETH (Ethereum) has 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're going to use that as an illustration. Unsure on how to send Coinbase funds to an Crypto Exchange? (Just follow these easy steps)

Make sure you have chosen the exact coin you want to deposit.

BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, et cetera. In the case you are working with a decentralized exchange, like Airswap or DDEX could be different (Follow our guide).

Step 3 – Locate cDAI (CDAI)

As soon as your deposit has been confirmed, you will instantly have access to your assets and you can commence buying and trading. To invest in (CDAI) cDAI on Binance, you'll want to go to the tab which is called “Exchange” and after that click on “Basic”.

To spot cDAI (CDAI), you'll need to put the shortname of the coin (CDAI) into the search-box, which is marked in the image. Make sure you have selected the proper pairing, we've marked this also. Click on “CDAI/BTC” to advance.

Step 4 – Purchasing (CDAI) cDAI

As soon as you've found cDAI (CDAI), you'll be given a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the image). And now we are creating our own Limit Order.

The “Price” field will be automatically filled with the most latest rate cDAI (CDAI) was sold for. This can be changed to your preferred price. The “Amount” field is the volumen of CDAI you want to purchase. The field with the “Total” tag is the aggregated price in BTC that you will settle for the whole quantity of CDAI.

If you're glad, make a mouse click on “Buy CDAI”. Your order will be filled as soon as a Seller sells their CDAI for the price you offered.

Step 5 – Withdraw cDAI (CDAI)

Unless you're frequently trading, you should never keepyour crypto on an Crypto Exchange for an extensive time period. In order to take off your cDAI (CDAI), hover over the “Funds” tab and mouse click on “Withdraw”. cDAI (CDAI) can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find (CDAI) cDAI by using the provided drop-down box. Drop in the volumen of (CDAI) cDAI you would wish to withdraw. Take into account the demonstrated minimus/fees. Also make sure you have entered your correct withdraw address.

If you are happy, make a mouse click on “Submit”. You could be asked for verfication via phone/email before a withdrawal.

Congrats! You've successfully purchased and safed cDAI (CDAI) in Brazil.

That's it!

Take offs from Exchange can durate anywhere from 1 – 30 minutes (rely on usage of the network). Once you have confirmed your withdrawal with Etherscan.io or Ethplorer.io and the cDAI (CDAI) is safe in your wallet, you're all done.