A Step-by-Step-Guide on how to buy Cardano (ADA)
Step 1 – Signup to CEX.io In the beginning you'll need to buy units of the top-tier coins. Exchanges normally accept either Bitcoin or Ethereum in exchange for Altcoins. Follow the Link below to register and to get your Bitcoin or Ethereum.
Step 2 – Send Your Ethereum (ETH) or Bitcoin (BTC) to an Crypto Exchange Your Ethereum or Bitcoin has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is alike. Cardano (ADA) is obtainable on Binance, so we're going to use that as an example. Unsure on how to send funds from Coinbase to an Crypto Exchange? (Follow this guide) Make sure you've chosen the precise coin you wish to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etcetera. If you are using a decentralized exchange, such as Airswap or DDEX could be opposed (Follow our manual).
Step 3 – Locate Cardano (ADA) As soon as your deposit has been verified, you'll now have access to your funds and you can begin invest and trading. To invest in Cardano (ADA) on Binance, you'll want to hover over the tab which is called “Exchange” and after that mouse click on “Basic”. In order to find Cardano (ADA), you'll need to insert the short name of the asset (ADA) into the search-box, which is highlighted in the image. Be certain of having choosen the proper grouping, we have highlighted this also. Click on “ADA/BTC” to go on.
Step 4 – Purchasing Cardano (ADA) After you have discovered Cardano (ADA), you will be presented with a Price Chart (in the Center of the picture) and some Order Books (on the Left of the picture). For now we're going to make our Limit Order. The ”Price” field will be automatically filled with the most recent price Cardano (ADA) was sold for. This can be changed to your desired price. The ”Amount” field is the volumen of ADA you want to buy. The ”Total” field is the aggregated price in BTC that you will settle for the complete volumen of ADA. If you are satisfied, make a mouse click on “Buy ADA”. Your plan will be filled when a Seller sells their ADA for the price you offered.
Step 5 – Withdraw Cardano (ADA) Unless you are trading, best advise is not to keep coins on an Crypto Trader for an longer period of time. In order to withdraw your Cardano (ADA), hover over the ”Funds” tab and mouse click on “Withdraw”. Cardano (ADA) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find Cardano (ADA) by using the given drop-down box. Put into the volumen of Cardano (ADA) you would like to withdraw. Don't forget the displayed fees/minimums. Also make sure you have entered your right withdraw address. If you are satisfied, make a mouse click on “Submit”. You may be asked for phone/email verification before a withdrawal.