How to Buy cDAI (CDAI) in Costa Rica

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

Step 1 – Signup to CEX.io

In the beginning you'll need to purchase units of the bigger currencies. Exchanges usually accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for Altcoins. Click below to register and getting your welcome BTC (Bitcoin) or ETH (Ethereum).

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

Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is identical. 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 Cryptocurrency Exchange? (Follow this guide)

Make sure you have chosen the right coin you would like to deposit.

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, et cetera. In the case you are working with a decentralized exchange, like Airswap or DDEX could be opposed (Just follow our manual).

Step 3 – Locate cDAI (CDAI)

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

In order to spot cDAI (CDAI), you will need to insert the cointype (CDAI) into the search box, which is highlighted in the image. Make sure you have choosen the correct grouping, we've highlighted this also. Click on “CDAI/BTC” to go ahead.

Step 4 – Buying (CDAI) cDAI

After you have located cDAI (CDAI), you'll be presented with a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the picture). For now we're going to create our own Limit Order.

The field with the “Price” tag will be filled automatically with the most up-to-date price (CDAI) cDAI was sold for. This can be changed to your favoured price. The field with the “Amount” tag is the volumen of CDAI you wish to buy. The field with the “Total” tag is the total price in Bitcoin that you'll settle for the whole quantity of CDAI.

If you are satisfied, make a mouse click on “Buy CDAI”. Your order will be filled when a Vendor sells their CDAI for the price you submitted.

Step 5 – Withdraw cDAI (CDAI)

Unless you're frequently trading, best advise is not to keep coins on an Crypto Exchange for an longer time period. In order to take off your cDAI (CDAI), go to the “Funds” tab and click on “Withdraw”. (CDAI) cDAI can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate cDAI (CDAI) by using the given drop-down box. Put into the amount of cDAI (CDAI) you'd wish to take off. Take into account the presented minimus/fees. Also make sure you have entered your precise withdraw address.

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

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

That's it!

Take offs from Exchange can take between 1 – 30 minutes (rely on network usage). Once you've proved your withdrawal with Etherscan.io or Ethplorer.io and the cDAI (CDAI) is safe inside your wallet, you are all done.