A Step-by-Step-Guide on how to buy Cardano (ADA)
Step 1 – Signup to CEX.io You will first need to purchase one of the major currencies. Exchanges usually accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for Altcoins. Click below for registration and to get Bitcoin or Ethereum.
Step 2 – Transmit Your BTC (Bitcoin) or ETH (Ethereum) to an 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. Cardano (ADA) is obtainable on Binance, so we will use that as an illustration. Not sure on how to send funds from Coinbase to an Exchange? (Follow these easy steps) Make sure you have chosen the correct coin you wish to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so forth. In the case you're dealing with a decentralized exchange, like Airswap or DDEX could be different (Follow our guide).
Step 3 – Locate (ADA) Cardano As soon as your deposit has been affirmed, you will directly have access to your finances and you can start invest and trading. To purchase (ADA) Cardano on Binance, you will want to go to the ”Exchange” tab and then mouse click on “Basic”. To locate (ADA) Cardano, you will need to insert the cointype (ADA) into the search-box, which is marked in the graphic. Make sure you have selected the correct pairing, we've marked this too. Click on “ADA/BTC” to progress.
Step 4 – Purchasing Cardano (ADA) Once you've located Cardano (ADA), you will be presented with a Price Chart (in the Center of the image) and a few Order Books (on the Left of the image). And now we are going to make our own Limit Order. The ”Price” field will be filled automatically with the most recent price Cardano (ADA) was traded for. This can be changed to your favoured price. The field with the “Amount” tag is the quantity of ADA you like to buy. The ”Total” field is the total price in BTC that you will settle for the complete quantity of ADA. When you're satisfied, make a mouse click on “Buy ADA”. Your plan will be filled when a Seller trades their ADA for the price you introduced.
Step 5 – Withdraw Cardano (ADA) Unless you're regularly trading, you should never keepyour crypto coins on an Exchange for an extensive time period. To withdraw your Cardano (ADA), hover over the tab called “Funds” and click on “Withdraw”. Cardano (ADA) can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate Cardano (ADA) by using the given drop-down box. Drop in the quantity of Cardano (ADA) you would like to withdraw. Take into account the shown fees/minimums. Also make sure you have filled your right withdraw address. When you're satisfied, make a mouse click on “Submit”. You could be asked for email/phone verification ahead of a withdrawal.