How to Buy cDAI (CDAI) in Venezuela

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

Step 1 – Signup to CEX.io

You'll first need to buy one of the top-tier coins. Exchanges usually accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Click the button below for registration and to get your first Ethereum or Bitcoin.

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

Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is alike. cDAI (CDAI) is accessible on Binance, so we will use that as an sample. Unsure on how to send funds from Coinbase to an Exchange? (Follow this guide)

Make sure you have chosen the correct coin you want to deposit.

Bitcoin must be sent to a BTC deposit address, Ethereum to an ETH deposit address, etc. If you are using a decentralized exchange, like Airswap or DDEX could be divergent (Follow our manual).

Step 3 – Find cDAI (CDAI)

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

In order to find cDAI (CDAI), you'll need to insert the cointype (CDAI) into the search box, which is marked in the graphic. Be certain of having selected the proper grouping, we've marked this too. Click on “CDAI/BTC” to proceed.

Step 4 – Purchase (CDAI) cDAI

Once you've discovered cDAI (CDAI), you'll be given a Price Chart (in the Center of the image) and some Order Books (Leftside of the image). For now we're creating our Limit Order.

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

If you're glad, click on “Buy CDAI”. Your plan will be filled as soon as a Seller trades their CDAI for the price you introduced.

Step 5 – Withdraw cDAI (CDAI)

Unless you are trading, best advise is not to keep your coins on an Exchange for an longer period of time. To withdraw your (CDAI) cDAI, go to the “Funds” tab and mouse click on “Withdraw”. cDAI (CDAI) can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate cDAI (CDAI) by using the given drop-down box. Drop in the volumen of (CDAI) cDAI you'd like to take off. Take into account the presented fees/minimums. Also make sure you have entered your precise withdraw address.

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

Congrats! You have successfully purchased and safed cDAI (CDAI) in Venezuela.

That's it!

Withdrawals from Crypto Trader can durate anywhere from 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.