How to Buy cDAI (CDAI) in Honduras

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

Step 1 – Signup to Kraken

You will first need to purchase units of the bigger currencies. Exchanges normally accept either Bitcoin or Ethereum in exchange for Altcoins. Follow the Link below to register and to get your first Bitcoin or Ethereum.

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

Your Ethereum or Bitcoin has to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is similar. cDAI (CDAI) is obtainable on Binance, so we're going to use that as an example. Unsure on how to send Coinbase funds to an Exchange? (Follow these easy steps)

Make sure you have selected the precise coin you wish to deposit.

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, etcetera. In the case you are working with a decentralized exchange, such as Airswap or DDEX could be divergent (Follow these easy steps).

Step 3 – Find (CDAI) cDAI

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

In order to spot (CDAI) cDAI, you'll need to insert the cointype (CDAI) into the search box, which is highlighted in the picture. Make sure you have choosen the correct grouping, we've highlighted this also. Click on “CDAI/BTC” to advance.

Step 4 – Acquisition of (CDAI) cDAI

After you have found (CDAI) cDAI, you'll be given a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the picture). Next we are making our own Limit Order.

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

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

Step 5 – Withdraw (CDAI) cDAI

Unless you are frequently trading, you should never keepyour coins on an Cryptocurrency Exchange for an longer period of time. To take off your cDAI (CDAI), hover over the tab called “Funds” and click on “Withdraw”. (CDAI) cDAI can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find (CDAI) cDAI by using the provided drop-down box. Drop in the amount of cDAI (CDAI) you'd wish to withdraw. Take into account the demonstrated minimus/fees. Also make sure you have entered your correct withdraw address.

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

Kudos! You've successfully purchased and safed (CDAI) cDAI in Honduras.

That's it!

Take offs from Cryptocurrency Exchange can durate between 1 – 30 minutes (rely on usage of the network). As soon as you've confirmed your take off using Etherscan.io or Ethplorer.io and the cDAI (CDAI) is stored in your wallet, you are finished.