How to Buy cDAI (CDAI) in Brazil

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

Step 1 – Signup to CEX.io

You will first need to buy one of the top-tier coins. Exchanges commonly accept either Bitcoin or Ethereum in exchange for Altcoins. Follow the Link below to register and to get your welcome Bitcoin or Ethereum.

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

Your Ethereum or Bitcoin has to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is alike. cDAI (CDAI) is available on Binance, so we will use that as an illustration. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow these easy steps)

Make sure you've chosen the exact coin you want to deposit.

Bitcoin must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, etcetera. If you are using a decentralized exchange, such as Airswap or DDEX could be different (Just follow our how-to).

Step 3 – Locate cDAI (CDAI)

Once your deposit has been affirmed, you'll directly have access to your finances and you can initiate invest and trading. To invest in (CDAI) cDAI on Binance, you'll want to hover over the tab which is called “Exchange” and click on “Basic”.

In order to discover (CDAI) cDAI, you'll need to put the short name of the asset (CDAI) into the search box, which is highlighted in the picture. Make sure you have selected the correct pairing, we have marked this too. Click on “CDAI/BTC” to proceed.

Step 4 – Acquisition of cDAI (CDAI)

Once you've found (CDAI) cDAI, you'll be presented with a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the picture). And now we are creating our Limit Order.

The “Price” field will be filled with the latest valuation cDAI (CDAI) was traded for. This can be changed to your desired rate. The “Amount” field is the volumen of CDAI you wish to buy. The “Total” field is the whole price in BTC that you will pay for the whole amount of CDAI.

When you're satisfied, click on “Buy CDAI”. Your order will be filled when a Vendor sells their CDAI for the price you offered.

Step 5 – Withdraw cDAI (CDAI)

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

Locate (CDAI) cDAI by using the given drop-down box. Put into the volumen of (CDAI) cDAI you would like to take off. Take into account the presented fees/minimums. Also make sure you have entered your precise withdraw address.

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

Congrats! You have successfully purchased and stored cDAI (CDAI) in Brazil.

That's it!

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