How to Buy cDAI (CDAI) in Ecuador

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

Step 1 – Signup to CEX.io

You will first need to purchase one of the top-tier currencies. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for alternative Coins. Click the button below to register and getting your first Bitcoin (BTC) or Ethereum (ETH).

Step 2 – Transmit Your Bitcoin or Ethereum to an Cryptocurrency Exchange

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

Make sure you have selected the correct coin you want to deposit.

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etcetera. If you're using a decentralized exchange, such as Airswap or DDEX could be divergent (Follow our manual).

Step 3 – Locate (CDAI) cDAI

As soon as your deposit has been affirmed, you'll immediately have access to your assets and you can commence invest and trading. To invest in (CDAI) cDAI on Binance, you will want to hover over the tab which is called “Exchange” and then click on “Basic”.

To spot cDAI (CDAI), you will need to insert the shortname of the coin (CDAI) into the search box, which is highlighted in the image. Be certain of having selected the correct grouping, we have marked this too. Click on “CDAI/BTC” to proceed.

Step 4 – Buying cDAI (CDAI)

After you've discovered cDAI (CDAI), you'll be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the image). And now we are going to create our own Limit Order.

The field with the “Price” tag will be automatically filled with the most latest rate (CDAI) cDAI was sold for. You can change this to your desired price. The field with the “Amount” tag is the volumen of CDAI you want to purchase. The “Total” field is the total price in BTC that you'll pay for the whole quantity of CDAI.

When you're glad, make a mouse click on “Buy CDAI”. Your order will be filled when a Vender sells their CDAI for the price you gave.

Step 5 – Withdraw (CDAI) cDAI

Unless you are frequently trading, never keep your crypto coins on an Crypto Trader for an longer period of time. To withdraw your cDAI (CDAI), go to the tab called “Funds” and mouse click on “Withdraw”. (CDAI) cDAI can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find (CDAI) cDAI by using the provided drop-down box. Enter the volumen of cDAI (CDAI) you would like to take off. Don't forget the displayed minimus/fees. Also make sure you have entered your precise withdraw address.

When you're glad, make a mouse click on “Submit”. You may be requested for email/phone verification before a withdrawal.

Congrats! You've successfully bought and stored cDAI (CDAI) in Ecuador.

That's it!

Take offs from Exchange can take anywhere from 1 – 30 minutes (rely on network usage). Once you have confirmed your withdrawal with Etherscan.io or Ethplorer.io and the (CDAI) cDAI is stored inside your wallet, you're finished.