How to Buy cDAI (CDAI) in Costa Rica

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

Step 1 – Join Coinbase – Get Free $10

You will first need to buy one of the top-tier coins. Exchanges commonly accept either Bitcoin or Ethereum in exchange for Altcoins. Click below for registration and receive your welcome 10 Dollar.

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

Your Ethereum or Bitcoin will need to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is alike. cDAI (CDAI) is available on Binance, so we're going to use that as an illustration. Unsure on how to send funds from Coinbase to an Exchange? (Just follow these easy steps)

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

Bitcoin must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, et cetera. If you're working with a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow our guide).

Step 3 – Locate cDAI (CDAI)

As soon as your deposit has been verified, you'll instantly have access to your funds and you can commence buying and trading. To purchase cDAI (CDAI) on Binance, you'll want to go to the tab which is called “Exchange” and after that click on “Basic”.

To locate cDAI (CDAI), you will need to put the short name of the asset (CDAI) into the search-box, which is marked in the picture. Be certain of having selected the correct grouping, we've marked this also. Click on “CDAI/BTC” to progress.

Step 4 – Buying (CDAI) cDAI

Once you have found (CDAI) cDAI, you'll be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the image). And now we are making our Limit Order.

The “Price” field will be filled automatically with the latest rate (CDAI) cDAI was traded for. This can be changed to your favoured price. The “Amount” field is the quantity of CDAI you like to buy. The field with the “Total” tag is the total price in Bitcoin that you will pay for the whole volumen of CDAI.

If you are happy, make a mouse click on “Buy CDAI”. Your plan will be filled as soon as a Vendor sells their CDAI for the price you gave.

Step 5 – Withdraw cDAI (CDAI)

Unless you are trading, you should never keepyour crypto on an Exchange for an extensive time frame. 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 example MyEtherWallet. (MyEtherWallet Setup Guide)

Find (CDAI) cDAI by using the given drop-down box. Enter the amount of (CDAI) cDAI you'd wish to withdraw. Don't forget the shown fees/minimums. Also make sure you have entered your correct withdraw address.

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

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

That's it!

Withdrawals from Cryptocurrency Exchange can durate between 1 – 30 minutes (rely on network usage). Once you have confirmed your withdrawal with Ethplorer.io or Etherscan.io and the (CDAI) cDAI is stored inside your wallet, you are done.