How to Buy cDAI (CDAI) in Mexico

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

Step 1 – Signup to Coinbase and get 10$ for free

In the beginning you'll need to purchase units of the bigger currencies. Exchanges commonly accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Follow the Link below to register and getting your first 10$.

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

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

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

BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so on. In the case you are dealing with a decentralized exchange, like Airswap or DDEX could be unlike (Follow our how-to).

Step 3 – Find cDAI (CDAI)

As soon as your deposit has been verified, you'll now have access to your funds and you can commence purchasing and trading. To buy (CDAI) cDAI on Binance, you'll want to go to the tab which is called “Exchange” and then click on “Basic”.

In order to find (CDAI) cDAI, you will need to insert the short name of the asset (CDAI) into the search box, which is marked in the image. Make sure you have choosen the proper pairing, we've marked this too. Click on “CDAI/BTC” to advance.

Step 4 – Purchasing cDAI (CDAI)

As soon as you have spotted (CDAI) cDAI, you'll be presented with a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the image). And now we are making our Limit Order.

The “Price” field will be automatically filled with the most latest tariff (CDAI) cDAI was traded for. This can be changed to your favoured price. The field with the “Amount” tag is the quantity of CDAI you wish to buy. The “Total” field is the whole price in BTC that you will pay for the complete volumen of CDAI.

If you're happy, make a mouse click on “Buy CDAI”. Your plan will be filled as soon as a Seller sells their CDAI for the price you offered.

Step 5 – Withdraw (CDAI) cDAI

Unless you are trading, never keep your crypto on an Exchange for an longer time frame. In order to take off your (CDAI) cDAI, hover over the “Funds” tab and mouse click on “Withdraw”. (CDAI) cDAI can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find (CDAI) cDAI by using the provided drop-down box. Drop in the volumen of (CDAI) cDAI you'd like to take off. Take into account the displayed fees/minimums. Also make sure you have filled your correct withdraw address.

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

Congratulations! You've successfully purchased and stored (CDAI) cDAI in Mexico.

That's it!

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