A Step-by-Step-Guide on how to buy Cardano (ADA)
Step 1 – Join Coinbase and get 10$ for free In the beginning you'll need to buy one of the bigger coins. Exchanges normally accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Follow the Link below to register and receive your first 10 Dollar.
Step 2 – Transfer Your Ethereum or Bitcoin to an Crypto Trader Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is similar. Cardano (ADA) is obtainable on Binance, so we will use that as an illustration. Not sure on how to send funds from Coinbase to an Crypto Trader? (Just follow these easy steps) Make sure you've chosen the right coin you would like to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, etc. In the case you're dealing with a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow our guide).
Step 3 – Locate Cardano (ADA) As soon as your deposit has been affirmed, you'll now have access to your funds and you can commence buying and trading. To invest in Cardano (ADA) on Binance, you'll want to hover over the ”Exchange” tab and after that click on “Basic”. In order to discover Cardano (ADA), you'll need to insert the short name of the asset (ADA) into the search-box, which is highlighted in the graphic. Be certain of having choosen the right pairing, we have highlighted this also. Click on “ADA/BTC” to continue.
Step 4 – Purchasing (ADA) Cardano Once you've spotted (ADA) Cardano, you'll be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the picture). For now we are making our Limit Order. The ”Price” field will be filled with the most up-to-date tariff (ADA) Cardano was traded for. This can be changed to your desired rate. The ”Amount” field is the quantity of ADA you want to buy. The ”Total” field is the aggregated price in Bitcoin that you will settle for the whole quantity of ADA. If you're satisfied, click on “Buy ADA”. Your order will be filled as soon as a Vendor trades their ADA for the price you introduced.
Step 5 – Withdraw Cardano (ADA) Unless you are trading, best advise is not to keep coins on an Crypto Exchange for an extensive time period. To take off your Cardano (ADA), go to the tab called “Funds” and click on “Withdraw”. Cardano (ADA) can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate Cardano (ADA) by using the provided drop-down box. Put into the quantity of Cardano (ADA) you would wish to take off. Don't forget the shown minimus/fees. Also make sure you have entered your right withdraw address. If you are glad, click on “Submit”. You may be requested for phone/email verification before a withdrawal.