How to Buy cDAI (CDAI) in Dominican Republic

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

Step 1 – Join Kraken

You'll first need to purchase units of the major currencies. Exchanges usually accept either Ethereum or Bitcoin in exchange for Altcoins. Follow the Link below for registration and getting your first BTC (Bitcoin) or ETH (Ethereum).

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

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

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

Bitcoin must be sent to a BTC deposit address, ETH to an ETH deposit address, and so forth. If you're dealing with a decentralized exchange, like Airswap or DDEX could be opposed (Just follow our manual).

Step 3 – Find cDAI (CDAI)

Once your deposit has been verified, you will immediately have access to your finances and you can commence invest and trading. To purchase (CDAI) cDAI on Binance, you'll want to go to the tab which is called “Exchange” and after that mouse click on “Basic”.

To find cDAI (CDAI), you'll need to put the cointype (CDAI) into the search box, which is highlighted in the image. Make sure you have selected the right pairing, we have marked this too. Click on “CDAI/BTC” to proceed.

Step 4 – Purchase cDAI (CDAI)

After you have located cDAI (CDAI), you'll be given a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the image). Next we're creating our Limit Order.

The “Price” field will be filled automatically with the most up-to-date valuation (CDAI) cDAI was traded for. You can change this to your favoured rate. The “Amount” field is the quantity of CDAI you wish to purchase. The “Total” field is the total price in Bitcoin that you will pay for the complete quantity of CDAI.

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

Step 5 – Withdraw cDAI (CDAI)

Unless you're frequently trading, best advise is not to keep your crypto on an Crypto Trader for an extended time frame. To take off your cDAI (CDAI), go to the tab called “Funds” and click on “Withdraw”. cDAI (CDAI) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate cDAI (CDAI) by using the given drop-down box. Put into the quantity of (CDAI) cDAI you'd like to take off. Don't forget the demonstrated fees/minimums. Also make sure you have entered your correct withdraw address.

When you're satisfied, make a mouse click on “Submit”. You may be requested for verfication via phone/email ahead of a withdrawal.

Congrats! You've successfully bought and safed cDAI (CDAI) in Dominican Republic.

That's it!

Withdrawals from Exchange can take anywhere from 1 – 30 minutes (rely on network usage). Once you have confirmed your take off with Etherscan.io or Ethplorer.io and the (CDAI) cDAI is stored within your wallet, you're all done.