How to Buy cDAI (CDAI) in Paraguay

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

Step 1 – Join Kraken

In the beginning you'll need to purchase one of the major coins. Exchanges usually accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for Altcoins. Click the button below for registration and receive your welcome ETH (Ethereum) or BTC (Bitcoin).

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

Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is identical. cDAI (CDAI) is accessible on Binance, so we will use that as an illustration. Unsure on how to send Coinbase funds to an Cryptocurrency Exchange? (Just follow this manual)

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

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

Step 3 – Find (CDAI) cDAI

Once your deposit has been verified, you'll directly have access to your funds and you can commence purchasing and trading. To buy cDAI (CDAI) on Binance, you'll want to hover over the “Exchange” tab and mouse click on “Basic”.

In order to discover cDAI (CDAI), you will need to insert the cointype (CDAI) into the search-box, which is highlighted in the graphic. Be certain of having choosen the proper grouping, we have marked this also. Click on “CDAI/BTC” to advance.

Step 4 – Buy cDAI (CDAI)

Once you have discovered cDAI (CDAI), you will be given a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the picture). And now we're going to make our own Limit Order.

The “Price” field will be automatically filled with the latest price (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 will pay for the whole quantity of CDAI.

If you are glad, make a mouse click on “Buy CDAI”. Your plan will be filled when a Seller sells their CDAI for the price you introduced.

Step 5 – Withdraw cDAI (CDAI)

Unless you're frequently trading, best advise is not to keep crypto on an Crypto Trader for an extensive time period. To take off your cDAI (CDAI), hover over the tab called “Funds” and mouse click on “Withdraw”. (CDAI) cDAI can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find (CDAI) cDAI by using the provided drop-down box. Put into the volumen of cDAI (CDAI) you would like to withdraw. Don't forget the demonstrated fees/minimums. Also make sure you have entered your precise withdraw address.

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

Kudos! You've successfully bought and stored cDAI (CDAI) in Paraguay.

That's it!

Take offs from Crypto Trader can durate between 1 – 30 minutes (rely on usage of the network). Once you have confirmed your withdrawal using Etherscan.io or Ethplorer.io and the (CDAI) cDAI is stored within your wallet, you are finished.