How to Buy cDAI (CDAI) in Chile

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

Step 1 – Signup to CEX.io

In the beginning you'll need to purchase one of the top-tier currencies. Exchanges usually accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for Altcoins. Click the button below for registration and receive your first Ethereum (ETH) or Bitcoin (BTC).

Step 2 – Transfer Your Ethereum (ETH) or Bitcoin (BTC) to an Crypto Exchange

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

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

Bitcoin must be sent to a BTC deposit address, Ethereum to an ETH deposit address, etcetera. In the case you're working with a decentralized exchange, such as Airswap or DDEX could be unlike (Follow our manual).

Step 3 – Locate cDAI (CDAI)

As soon as your deposit has been confirmed, you will directly have access to your assets and you can begin purchasing and trading. To purchase (CDAI) cDAI on Binance, you'll want to hover over the tab which is called “Exchange” and click on “Basic”.

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 selected the right pairing, we have marked this too. Click on “CDAI/BTC” to proceed.

Step 4 – Acquisition of cDAI (CDAI)

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

The “Price” field will be filled with the most latest price cDAI (CDAI) was traded for. You can change this to your desired rate. The field with the “Amount” tag is the amount of CDAI you wish to buy. The “Total” field is the aggregated price in BTC that you'll settle for the complete volumen of CDAI.

If you are satisfied, click on “Buy CDAI”. Your order will be filled as soon as a Seller trades their CDAI for the price you gave.

Step 5 – Withdraw (CDAI) cDAI

Unless you're trading, never keep your crypto coins on an Crypto Exchange for an extensive time frame. To withdraw your cDAI (CDAI), go to the “Funds” tab and mouse click on “Withdraw”. (CDAI) cDAI can be stored securely using a Wallet, e.g. 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 precise withdraw address.

When you're happy, click on “Submit”. You may be requested for phone/email verification before a withdrawal.

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

That's it!

Withdrawals from Exchange can durate anywhere from 1 – 30 minutes (depending on usage of the network). Once you have proved your withdrawal with Ethplorer.io or Etherscan.io and the (CDAI) cDAI is stored in your wallet, you're finished.