How to Buy cDAI (CDAI) in Guatemala

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

Step 1 – Join Kraken

In the beginning you'll need to purchase units of the top-tier coins. Exchanges commonly accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Click below for registration and receive your first Bitcoin or Ethereum.

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

Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Exchange now. Every exchange has a deposit form that is identical. cDAI (CDAI) is available on Binance, so we will use that as an illustration. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Follow this guide)

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

BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, etc. In the case you're dealing with a decentralized exchange, such as Airswap or DDEX could be different (Follow these easy steps).

Step 3 – Locate cDAI (CDAI)

As soon as your deposit has been verified, you'll instantly have access to your finances and you can initiate invest and trading. To buy (CDAI) cDAI on Binance, you'll want to hover over the tab which is called “Exchange” and then mouse click on “Basic”.

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

Step 4 – Purchasing cDAI (CDAI)

After you have spotted cDAI (CDAI), you will be presented with a Price Chart (in the Center of the image) and some Order Books (on the Left of the image). For now we are creating our Limit Order.

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

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

Step 5 – Withdraw (CDAI) cDAI

Unless you're regularly trading, best advise is not to keep crypto on an Crypto Exchange for an extended period of time. In order to withdraw your (CDAI) cDAI, go to the “Funds” tab and mouse click on “Withdraw”. (CDAI) cDAI can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find cDAI (CDAI) by using the given drop-down box. Put into the volumen of cDAI (CDAI) you'd like to take off. Take into account the demonstrated minimus/fees. Also make sure you have entered your right withdraw address.

If you are glad, click “Submit”. You may be requested for phone/email verification before a take off.

Congrats! You have successfully bought and safed (CDAI) cDAI in Guatemala.

That's it!

Withdrawals from Crypto Exchange can take anywhere from 1 – 30 minutes (rely on usage of the network). As soon as you have proved your withdrawal using Ethplorer.io or Etherscan.io and the (CDAI) cDAI is safe in your wallet, you're done.