How to Buy cDAI (CDAI) in Colombia

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

Step 1 – Join Coinbase and recieve 10$ for free

In the beginning you'll need to buy one of the top-tier coins. Exchanges commonly accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for Altcoins. Follow the Link below for registration and getting your first $10.

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

Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is similar. cDAI (CDAI) is accessible on Binance, so we're going to use that as an example. Unsure on how to send funds from Coinbase to an Exchange? (Just follow this manual)

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

BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so on. If you are dealing with a decentralized exchange, like Airswap or DDEX could be opposed (Just follow these easy steps).

Step 3 – Locate (CDAI) cDAI

As soon as your deposit has been confirmed, you will now have access to your assets and you can launch purchasing and trading. To purchase (CDAI) cDAI on Binance, you'll want to go to the “Exchange” tab and after that mouse click on “Basic”.

To discover (CDAI) cDAI, you'll need to put the cointype (CDAI) into the search-box, which is marked in the picture. Be certain of having selected the proper pairing, we've marked this also. Click on “CDAI/BTC” to advance.

Step 4 – Acquisition of cDAI (CDAI)

As soon as you have spotted (CDAI) cDAI, you will be presented with a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the image). For now we are going to make our own Limit Order.

The field with the “Price” tag will be filled with the latest valuation cDAI (CDAI) was sold for. You can change this to your desired rate. The “Amount” field is the amount of CDAI you like to buy. The field with the “Total” tag is the aggregated price in Bitcoin that you will settle for the complete amount of CDAI.

When you are happy, click on “Buy CDAI”. Your order will be filled as soon as a Seller sells their CDAI for the price you introduced.

Step 5 – Withdraw (CDAI) cDAI

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

Locate cDAI (CDAI) by using the given drop-down box. Enter the volumen of (CDAI) cDAI you'd like to withdraw. Take into account the demonstrated minimus/fees. Also make sure you have entered your precise withdraw address.

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

Congratulations! You have successfully purchased and stored cDAI (CDAI) in Colombia.

That's it!

Take offs from Crypto Exchange can durate between 1 – 30 minutes (depending on network usage). As soon as you've confirmed your take off with Ethplorer.io or Etherscan.io and the (CDAI) cDAI is safe in your wallet, you're done.