How to Buy cDAI (CDAI) in Panama

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

Step 1 – Signup to CEX.io

You'll first need to purchase one of the major currencies. Exchanges normally accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for Altcoins. Click below for registration and to get your welcome ETH (Ethereum) or BTC (Bitcoin).

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

Your Ethereum or Bitcoin will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is similar. cDAI (CDAI) is obtainable on Binance, so we will use that as an sample. Not sure on how to send Coinbase funds to an Exchange? (Follow this guide)

Make sure you've chosen the correct coin you would like to deposit.

Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so forth. In the case you are working with a decentralized exchange, like Airswap or DDEX could be opposed (Just follow these easy steps).

Step 3 – Find (CDAI) cDAI

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

To spot (CDAI) cDAI, you'll need to insert the shortname of the coin (CDAI) into the search-box, which is marked in the graphic. Make sure you have choosen the correct pairing, we have highlighted this too. Click on “CDAI/BTC” to proceed.

Step 4 – Purchase (CDAI) cDAI

Once you have found cDAI (CDAI), you will be given a Price Chart (in the Center of the image) and a few Order Books (Leftside of the image). And now we're creating our Limit Order.

The “Price” field will be automatically filled with the most recent valuation cDAI (CDAI) was sold for. You can change this to your preferred rate. The “Amount” field is the quantity of CDAI you wish to buy. The field with the “Total” tag is the aggregated price in BTC that you'll settle for the whole quantity of CDAI.

If you are glad, click on “Buy CDAI”. Your order will be filled as soon as a Vendor sells their CDAI for the price you submitted.

Step 5 – Withdraw cDAI (CDAI)

Unless you're trading, best advise is not to keep your crypto coins on an Cryptocurrency Exchange for an longer time period. In order to take off your cDAI (CDAI), go to the tab called “Funds” and click on “Withdraw”. (CDAI) cDAI can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find cDAI (CDAI) by using the given drop-down box. Drop in the quantity of (CDAI) cDAI you would like to withdraw. Take into account the shown fees/minimums. Also make sure you have filled your correct withdraw address.

When you are happy, make a mouse click on “Submit”. You could be requested for verfication via email/phone ahead of a take off.

Congrats! You have successfully bought and safed cDAI (CDAI) in Panama.

That's it!

Take offs from Crypto Exchange can take between 1 – 30 minutes (rely on network usage). Once you've proved your withdrawal using Etherscan.io or Ethplorer.io and the cDAI (CDAI) is stored inside your wallet, you're done.