A Step-by-Step-Guide on how to buy Cardano (ADA)
Step 1 – Signup to CEX.io You'll first need to purchase units of the top-tier currencies. Exchanges normally accept either Ethereum or Bitcoin in exchange for Altcoins. Follow the Link below to register and getting your Ethereum or Bitcoin.
Step 2 – Send Your ETH (Ethereum) or BTC (Bitcoin) to an Crypto Trader Your Ethereum or Bitcoin has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is alike. Cardano (ADA) is accessible on Binance, so we're going to use that as an illustration. Not sure on how to send funds from Coinbase to an Crypto Trader? (Just follow this how-to) Make sure you have selected the precise coin you want to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etcetera. In the case you are working with a decentralized exchange, like Airswap or DDEX could be different (Just follow our guide).
Step 3 – Locate (ADA) Cardano As soon as your deposit has been confirmed, you will immediately have access to your assets and you can start invest and trading. To buy (ADA) Cardano on Binance, you will want to go to the tab which is called “Exchange” and click on “Basic”. To spot (ADA) Cardano, you will need to put the cointype (ADA) into the search box, which is marked in the picture. Be certain of having choosen the correct pairing, we've marked this also. Click on “ADA/BTC” to advance.
Step 4 – Purchase Cardano (ADA) After you have found Cardano (ADA), you will be presented with a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the picture). And now we're creating our Limit Order. The ”Price” field will be filled automatically with the most up-to-date valuation Cardano (ADA) was traded for. This can be changed to your desired price. The field with the “Amount” tag is the amount of ADA you want to purchase. The field with the “Total” tag is the whole price in Bitcoin that you'll pay for the complete amount of ADA. When you're happy, make a mouse click on “Buy ADA”. Your plan will be filled as soon as a Vendor sells their ADA for the price you offered.
Step 5 – Withdraw Cardano (ADA) Unless you are trading, never keep your crypto coins on an Exchange for an extended period of time. To withdraw your Cardano (ADA), go to the tab called “Funds” and mouse click on “Withdraw”. Cardano (ADA) can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find Cardano (ADA) by using the given drop-down box. Drop in the volumen of Cardano (ADA) you would wish to withdraw. Take into account the presented fees/minimums. Also make sure you have entered your correct withdraw address. If you are happy, click “Submit”. You may be asked for email/phone verification before a take off.