How to Buy cDAI (CDAI) in Mexico

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

Step 1 – Signup to Kraken

You'll first need to buy units of the major coins. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for alternative Coins. Click the button below to register and receive your welcome Bitcoin or Ethereum.

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

Your Bitcoin or Ethereum will need to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is alike. cDAI (CDAI) is available on Binance, so we're going to use that as an example. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Just follow this manual)

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

BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, et cetera. In the case you're working with a decentralized exchange, like Airswap or DDEX could be opposed (Follow our manual).

Step 3 – Locate (CDAI) cDAI

Once your deposit has been approved, you will immediately have access to your assets and you can start invest and trading. To invest in cDAI (CDAI) on Binance, you will want to go to the “Exchange” tab and after that mouse click on “Basic”.

To find cDAI (CDAI), you'll need to put the short name of the asset (CDAI) into the search box, which is marked in the graphic. Make sure you have choosen the proper pairing, we have marked this also. Click on “CDAI/BTC” to advance.

Step 4 – Purchase (CDAI) cDAI

As soon as you have discovered (CDAI) cDAI, you'll be given a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the image). For now we are creating our own Limit Order.

The “Price” field will be filled with the up-to-date rate cDAI (CDAI) was sold for. You can change this to your favoured price. The “Amount” field is the volumen of CDAI you wish to buy. The field with the “Total” tag is the aggregated price in BTC that you will settle for the complete volumen of CDAI.

When you're satisfied, 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 trading, best advise is not to keep your crypto coins on an Crypto Trader for an longer time period. To withdraw your cDAI (CDAI), hover over the tab called “Funds” and mouse click on “Withdraw”. cDAI (CDAI) can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (CDAI) cDAI by using the provided drop-down box. Enter the amount of (CDAI) cDAI you'd wish to withdraw. Take into account the displayed minimus/fees. Also make sure you have filled your precise withdraw address.

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

Congrats! You've successfully bought and safed (CDAI) cDAI in Mexico.

That's it!

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