How to Buy cDAI (CDAI) in Cuba

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

Step 1 – Signup to CEX.io

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

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

Your Ethereum or Bitcoin will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is identical. cDAI (CDAI) is available on Binance, so we're going to use that as an sample. Not sure on how to send funds from Coinbase to an Exchange? (Just follow this manual)

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

BTC must be sent to a BTC deposit address, Ethereum to an ETH deposit address, and so on. In the case you are dealing with a decentralized exchange, such as Airswap or DDEX could be different (Just follow our manual).

Step 3 – Locate cDAI (CDAI)

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

To spot (CDAI) cDAI, you'll need to insert the cointype (CDAI) into the search-box, which is marked in the graphic. Make sure you have selected the proper grouping, we have highlighted this also. Click on “CDAI/BTC” to advance.

Step 4 – Purchase cDAI (CDAI)

Once you've found (CDAI) cDAI, you will be given a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the picture). Next we're going to create our Limit Order.

The field with the “Price” tag will be filled automatically with the most recent valuation cDAI (CDAI) was sold for. This can be changed to your favoured rate. The field with the “Amount” tag is the volumen of CDAI you wish to buy. The field with the “Total” tag is the aggregated price in Bitcoin that you will settle for the complete quantity of CDAI.

When you're glad, click on “Buy CDAI”. Your plan will be filled as soon as a Vendor sells their CDAI for the price you introduced.

Step 5 – Withdraw (CDAI) cDAI

Unless you are regularly trading, best advise is not to keep coins on an Cryptocurrency Exchange for an extensive time period. To take off your (CDAI) cDAI, go to the tab called “Funds” and mouse click on “Withdraw”. cDAI (CDAI) can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (CDAI) cDAI by using the provided drop-down box. Enter the amount of (CDAI) cDAI you would wish to take off. Don't forget the displayed fees/minimums. Also make sure you have filled your precise withdraw address.

When you are glad, make a mouse click on “Submit”. You could be requested for verfication via phone/email ahead of a take off.

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

That's it!

Withdrawals from Cryptocurrency Exchange can take anywhere from 1 – 30 minutes (rely on network usage). Once you've confirmed your take off using Etherscan.io or Ethplorer.io and the cDAI (CDAI) is safe in your wallet, you are done.