A Step-by-Step-Guide on where to buy Cardano (ADA)
Step 1 – Signup to CEX.io You'll first need to purchase one of the bigger coins. Exchanges commonly accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Click the button below for registration and getting your ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Transmit Your Bitcoin or Ethereum to an Crypto Exchange Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is alike. Cardano (ADA) is available on Binance, so we're going to use that as an example. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow these easy steps) Make sure you have chosen the right coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etcetera. In the case you're working with a decentralized exchange, such as Airswap or DDEX could be different (Just follow our how-to).
Step 3 – Locate Cardano (ADA) As soon as your deposit has been affirmed, you'll now have access to your assets and you can launch purchasing and trading. To invest in Cardano (ADA) on Binance, you will want to hover over the tab which is called “Exchange” and click on “Basic”. In order to find Cardano (ADA), you will need to put the short name of the asset (ADA) into the search box, which is marked in the graphic. Be certain of having selected the right pairing, we've highlighted this too. Click on “ADA/BTC” to progress.
Step 4 – Purchasing Cardano (ADA) Once you have discovered Cardano (ADA), you will be presented with a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the picture). Next we are going to make our Limit Order. The ”Price” field will be automatically filled with the latest tariff Cardano (ADA) was sold for. You can change this to your preferred rate. The ”Amount” field is the volumen of ADA you want to purchase. The ”Total” field is the whole price in Bitcoin that you'll settle for the complete quantity of ADA. When you're satisfied, make a mouse click on “Buy ADA”. Your order will be filled as soon as a Vendor trades their ADA for the price you submitted.
Step 5 – Withdraw Cardano (ADA) Unless you're trading, best advise is not to keep crypto on an Crypto Exchange for an longer time frame. To withdraw your Cardano (ADA), hover over the ”Funds” tab and mouse click on “Withdraw”. Cardano (ADA) can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate Cardano (ADA) by using the provided drop-down box. Enter the quantity of Cardano (ADA) you would like to take off. Take into account the demonstrated fees/minimums. Also make sure you have filled your correct withdraw address. When you are happy, click “Submit”. You may be asked for verfication via email/phone ahead of a take off.