How to Buy cDAI (CDAI) in Belize

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

Step 1 – Signup to Coinbase and get 10$ for free

You will first need to buy one of the major coins. Exchanges commonly accept either Bitcoin or Ethereum in exchange for Altcoins. Click below for registration and receive your welcome $10.

Coinbase Promo Signup
Step 2 – Transmit Your Bitcoin (BTC) or Ethereum (ETH) to an Crypto Exchange

Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is similar. cDAI (CDAI) is obtainable on Binance, so we will use that as an illustration. Unsure on how to send Coinbase funds to an Exchange? (Just follow this guide)

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

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, et cetera. In the case you are working with a decentralized exchange, like Airswap or DDEX could be unlike (Follow our guide).

Binance Signup

Step 3 – Find cDAI (CDAI)

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

In order to spot cDAI (CDAI), you'll need to put the cointype (CDAI) into the search box, which is highlighted in the picture. Be certain of having choosen the proper grouping, we have highlighted this too. Click on “CDAI/BTC” to progress.

Step 4 – Buy (CDAI) cDAI

Once you've spotted (CDAI) cDAI, you will be given a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the picture). For now we are going to make our Limit Order.

The field with the “Price” tag will be filled automatically with the recent valuation (CDAI) cDAI was traded for. This can be changed to your desired price. The “Amount” field is the amount of CDAI you like to buy. The field with the “Total” tag is the whole price in BTC that you will pay for the complete amount of CDAI.

When you are happy, 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 frequently trading, best advise is not to keep your crypto coins on an Crypto Trader for an longer period of time. In order 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, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find (CDAI) cDAI by using the provided drop-down box. Enter the amount of cDAI (CDAI) you'd wish to withdraw. Don't forget the demonstrated minimus/fees. Also make sure you have entered your precise withdraw address.

When you're glad, click on “Submit”. You could be asked for email/phone verification before a take off.

Kudos! You have successfully purchased and safed cDAI (CDAI) in Belize.

That's it!

Withdrawals from Cryptocurrency Exchange can durate anywhere from 1 – 30 minutes (depending on network usage). Once you have proved your withdrawal with Etherscan.io or Ethplorer.io and the (CDAI) cDAI is safe inside your wallet, you're done.