How to Buy cDAI (CDAI) in Colombia

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

Step 1 – Signup to Kraken

In the beginning you'll need to buy one of the bigger currencies. Exchanges normally accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for any other Cryptocurrency. Click the button below to register and getting your first Bitcoin (BTC) or Ethereum (ETH).

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

Your Ethereum or Bitcoin will need to be sent over to an Exchange now. Every exchange has a deposit form that is similar. cDAI (CDAI) is available on Binance, so we will use that as an sample. Unsure on how to send funds from Coinbase to an Exchange? (Follow this manual)

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

BTC must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so forth. In the case you are dealing with a decentralized exchange, like Airswap or DDEX could be unlike (Just follow our guide).

Step 3 – Find (CDAI) cDAI

As soon as your deposit has been approved, you will immediately have access to your finances and you can start buying and trading. To invest in cDAI (CDAI) on Binance, you'll want to hover over the “Exchange” tab and after that mouse click on “Basic”.

In order to find (CDAI) cDAI, you'll need to put the shortname of the coin (CDAI) into the search-box, which is highlighted in the picture. Be certain of having selected the proper pairing, we have marked this too. Click on “CDAI/BTC” to go on.

Step 4 – Purchase cDAI (CDAI)

After you've discovered cDAI (CDAI), you will be presented with a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the picture). And now we are going to create our Limit Order.

The “Price” field will be filled automatically with the recent valuation (CDAI) cDAI was traded for. You can change this to your preferred price. The “Amount” field is the amount of CDAI you like to purchase. The “Total” field is the aggregated price in Bitcoin that you'll settle for the complete quantity of CDAI.

If you're happy, click on “Buy CDAI”. Your order will be filled when a Seller trades 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 extended time period. In order to withdraw your cDAI (CDAI), go to the tab called “Funds” and click on “Withdraw”. cDAI (CDAI) can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate cDAI (CDAI) by using the provided drop-down box. Put into the amount of (CDAI) cDAI you would like to withdraw. Don't forget the shown fees/minimums. Also make sure you have entered your precise withdraw address.

When you're glad, make a mouse click on “Submit”. You may be asked for verfication via email/phone before a take off.

Congrats! You have successfully purchased and safed (CDAI) cDAI in Colombia.

That's it!

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