How to Buy cDAI (CDAI) in Nicaragua

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

Step 1 – Signup to 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 Altcoins. Follow the Link below to register and to get your welcome Bitcoin (BTC) or Ethereum (ETH).

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

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

Make sure you've chosen the exact coin you want to deposit.

Bitcoin must be sent to a BTC deposit address, ETH to an Ethereum deposit address, et cetera. If you are dealing with a decentralized exchange, such as Airswap or DDEX could be opposed (Follow our how-to).

Step 3 – Find cDAI (CDAI)

As soon as your deposit has been approved, you will directly have access to your finances and you can commence invest and trading. To invest in (CDAI) cDAI on Binance, you'll want to hover over the “Exchange” tab and after that click on “Basic”.

To discover cDAI (CDAI), you will need to put the short name of the asset (CDAI) into the search-box, which is highlighted in the image. Make sure you have selected the right grouping, we have highlighted this too. Click on “CDAI/BTC” to continue.

Step 4 – Acquisition of cDAI (CDAI)

Once you have spotted cDAI (CDAI), you'll be presented with a Price Chart (in the Center of the image) and a few Order Books (on the Left of the image). For now we're going to make our Limit Order.

The “Price” field will be filled automatically with the most up-to-date valuation (CDAI) cDAI was sold for. You can change this to your favoured rate. The field with the “Amount” tag is the amount of CDAI you want to buy. The field with the “Total” tag is the whole price in BTC that you'll pay for the complete quantity of CDAI.

When you are glad, make a mouse click on “Buy CDAI”. Your order will be filled as soon as a Vender trades their CDAI for the price you gave.

Step 5 – Withdraw (CDAI) cDAI

Unless you are regularly trading, best advise is not to keep coins on an Cryptocurrency 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 safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find (CDAI) cDAI by using the given drop-down box. Drop in the volumen of cDAI (CDAI) you would wish to take off. Don't forget the presented minimus/fees. Also make sure you have entered your right withdraw address.

When you're happy, make a mouse click on “Submit”. You could be asked for phone/email verification before a withdrawal.

Kudos! You have successfully purchased and stored cDAI (CDAI) in Nicaragua.

That's it!

Take offs from Crypto Trader can take between 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 stored inside your wallet, you are done.