A Step-by-Step-Guide on how to buy Cardano (ADA)
Step 1 – Signup to Coinbase and recieve 10$ for free You will first need to buy units of the top-tier currencies. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Follow the Link below for registration and getting your first 10$.
Step 2 – Transfer Your Ethereum (ETH) or Bitcoin (BTC) to an Crypto Trader Your Bitcoin or Ethereum has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is alike. Cardano (ADA) 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 manual) Make sure you have selected the correct coin you want 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 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 assets and you can start purchasing and trading. To buy Cardano (ADA) on Binance, you will want to go to the “Exchange” tab and click on “Basic”. To spot (ADA) Cardano, you'll need to put the short name of the asset (ADA) into the search-box, which is highlighted in the graphic. Make sure you have selected the right pairing, we've marked this too. Click on “ADA/BTC” to go on.
Step 4 – Purchasing Cardano (ADA) After you have located Cardano (ADA), you will be presented with a Price Chart (in the Center of the picture) and some Order Books (Leftside of the image). For now we're creating our own Limit Order. The field with the “Price” tag will be filled with the recent rate Cardano (ADA) was sold for. You can change this to your favoured rate. The “Amount” field is the volumen of ADA you like to purchase. The field with the “Total” tag is the total price in Bitcoin that you will pay for the complete quantity of ADA. When you are glad, click on “Buy ADA”. Your order will be filled when a Vendor trades their ADA for the price you introduced.
Step 5 – Withdraw (ADA) Cardano Unless you are trading, best advise is not to keep crypto coins on an Crypto Exchange for an extended time period. To take off your Cardano (ADA), go to the “Funds” tab and mouse click on “Withdraw”. (ADA) Cardano can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find (ADA) Cardano by using the given drop-down box. Enter the quantity of (ADA) Cardano you would like to withdraw. Don't forget the presented fees/minimums. Also make sure you have entered your correct withdraw address. If you're glad, click on “Submit”. You may be requested for email/phone verification before a take off.