A Step-by-Step-Guide on how to buy Cardano (ADA)
Step 1 – Join Coinbase – Get Free $10 You will first need to purchase one of the major currencies. Exchanges commonly accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Click the button below to register and to get your first 10$.
Step 2 – Send Your BTC (Bitcoin) or ETH (Ethereum) to an Cryptocurrency Exchange Your Bitcoin or Ethereum has to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is identical. Cardano (ADA) is obtainable on Binance, so we will use that as an example. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow this guide) Make sure you have selected the exact coin you want to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so forth. In the case you are using a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow our how-to).
Step 3 – Locate (ADA) Cardano Once your deposit has been verified, you will now have access to your funds and you can initiate buying and trading. To invest in (ADA) Cardano on Binance, you will want to hover over the ”Exchange” tab and after that click on “Basic”. To find (ADA) Cardano, you will need to insert the short name of the asset (ADA) into the search-box, which is highlighted in the image. Make sure you have selected the proper grouping, we've highlighted this also. Click on “ADA/BTC” to progress.
Step 4 – Acquisition of (ADA) Cardano Once you've spotted (ADA) Cardano, you'll be given a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the picture). Next we're creating our Limit Order. The ”Price” field will be filled with the recent tariff (ADA) Cardano was traded for. This can be changed to your desired price. The field with the “Amount” tag is the volumen of ADA you wish to buy. The field with the “Total” tag is the total price in Bitcoin that you'll pay for the whole volumen of ADA. If you're satisfied, make a mouse click on “Buy ADA”. Your plan will be filled as soon as a Seller sells their ADA for the price you offered.
Step 5 – Withdraw (ADA) Cardano Unless you are trading, never keep your crypto on an Cryptocurrency Exchange for an longer period of time. In order to withdraw your (ADA) Cardano, go to the ”Funds” tab and mouse click on “Withdraw”. (ADA) Cardano can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find (ADA) Cardano by using the given drop-down box. Enter the volumen of (ADA) Cardano you would like to withdraw. Take into account the demonstrated minimus/fees. Also make sure you have entered your correct withdraw address. When you are glad, click “Submit”. You may be requested for verfication via email/phone before a take off.