How to Buy cDAI (CDAI) in Jamaica

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

Step 1 – Join Coinbase and get 10$ for free

You'll first need to purchase units of the major coins. Exchanges commonly accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Click below for registration and getting your welcome 10 Dollar.

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

Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is identical. cDAI (CDAI) is obtainable on Binance, so we're going to use that as an sample. Unsure on how to send funds from Coinbase to an Crypto Exchange? (Follow this guide)

Make sure you have selected the precise coin you wish 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 working with a decentralized exchange, such as Airswap or DDEX could be unlike (Just follow our guide).

Step 3 – Find (CDAI) cDAI

As soon as your deposit has been verified, you'll directly have access to your funds and you can commence buying and trading. To purchase cDAI (CDAI) on Binance, you will want to hover over the tab which is called “Exchange” and mouse click on “Basic”.

To find (CDAI) cDAI, you'll need to insert the cointype (CDAI) into the search box, which is marked in the picture. Be certain of having selected the correct pairing, we've highlighted this also. Click on “CDAI/BTC” to advance.

Step 4 – Buying (CDAI) cDAI

As soon as you've found 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're going to create our Limit Order.

The field with the “Price” tag will be filled automatically with the recent valuation cDAI (CDAI) was traded for. This can be changed to your preferred price. The field with the “Amount” tag is the volumen of CDAI you like to buy. The field with the “Total” tag is the aggregated price in Bitcoin that you'll settle for the complete volumen of CDAI.

When you are happy, click on “Buy CDAI”. Your order will be filled when a Vendor trades their CDAI for the price you introduced.

Step 5 – Withdraw cDAI (CDAI)

Unless you are trading, best advise is not to keep crypto coins on an Crypto Exchange for an extensive time frame. In order 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 given drop-down box. Enter the amount of (CDAI) cDAI you would wish to withdraw. Don't forget the displayed minimus/fees. Also make sure you have filled your right withdraw address.

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

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

That's it!

Withdrawals from Exchange can durate between 1 – 30 minutes (depending on network usage). As soon as you have confirmed your withdrawal with Etherscan.io or Ethplorer.io and the cDAI (CDAI) is stored inside your wallet, you are finished.