A Step-by-Step-Guide on how to buy Cardano (ADA)
Step 1 – Join Kraken You'll first need to buy units of the major coins. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Click the button below for registration and getting Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Send Your BTC (Bitcoin) or ETH (Ethereum) to an Cryptocurrency Exchange Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is identical. Cardano (ADA) is available on Binance, so we will use that as an illustration. Unsure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow these easy steps) Make sure you have chosen the right coin you want to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, et cetera. If you're using a decentralized exchange, such as Airswap or DDEX could be divergent (Follow our how-to).
Step 3 – Locate Cardano (ADA) As soon as your deposit has been verified, you will directly have access to your funds and you can commence invest and trading. To buy Cardano (ADA) on Binance, you will want to hover over the tab which is called “Exchange” and mouse click on “Basic”. To locate Cardano (ADA), you will need to insert the shortname of the coin (ADA) into the search box, which is marked in the graphic. Make sure you have choosen the right grouping, we've marked this also. Click on “ADA/BTC” to go on.
Step 4 – Buy Cardano (ADA) Once you have spotted Cardano (ADA), you will be presented with a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the image). And now we're going to make our own Limit Order. The ”Price” field will be automatically filled with the most up-to-date rate Cardano (ADA) was traded for. You can change this to your favoured rate. The field with the “Amount” tag is the volumen of ADA you like to purchase. The ”Total” field is the total price in BTC that you will pay for the complete volumen of ADA. If you are happy, make a mouse click on “Buy ADA”. Your order will be filled when a Vendor trades their ADA for the price you offered.
Step 5 – Withdraw Cardano (ADA) Unless you're trading, best advise is not to keep crypto coins on an Crypto Trader for an extended period of time. To take off your Cardano (ADA), go to the tab called “Funds” and mouse click on “Withdraw”. Cardano (ADA) can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find Cardano (ADA) by using the provided drop-down box. Enter the volumen of Cardano (ADA) you'd wish to take off. Take into account the demonstrated minimus/fees. Also make sure you have filled your precise withdraw address. If you're satisfied, click on “Submit”. You could be asked for phone/email verification ahead of a take off.