A Step-by-Step-Guide on how to buy Cardano (ADA) in Cuba
Step 1 –
Join Coinbase – Get Free $10
In the beginning you'll need to purchase one of the major currencies. Exchanges normally accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for Altcoins. Click the button below for registration and getting your first $10.
Step 2 –
Transmit Your BTC (Bitcoin) or ETH (Ethereum) to an Crypto Exchange
Your Ethereum or Bitcoin will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is similar. Cardano (ADA) is available on Binance, so we're going to use that as an sample. Not sure on how to send funds from Coinbase to an Crypto Trader? (Follow this manual)
Make sure you've selected the exact coin you want to deposit.
BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etc. In the case you're dealing with a decentralized exchange, like Airswap or DDEX could be divergent (Follow our how-to).
Step 3 –
Find (ADA) Cardano
Once your deposit has been verified, you will immediately have access to your finances and you can begin invest and trading. To buy (ADA) Cardano on Binance, you will want to hover over the “Exchange” tab and after that click on “Basic”.
In order to spot (ADA) Cardano, you will need to insert the cointype (ADA) into the search box, which is highlighted in the graphic. Be certain of having selected the proper pairing, we've marked this also. Click on “ADA/BTC” to proceed.
Step 4 –
Purchase (ADA) Cardano
As soon as you've located Cardano (ADA), you'll be given a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the picture). For now we're going to create our Limit Order.
The “Price” field will be automatically filled with the most latest rate Cardano (ADA) was traded for. This can be changed to your favoured price. The field with the “Amount” tag is the amount of ADA you wish to buy. The “Total” field is the total price in BTC that you will settle for the whole quantity of ADA.
When you are glad, make a mouse click on “Buy ADA”. Your order will be filled as soon as a Vender trades their ADA for the price you gave.
Step 5 –
Withdraw Cardano (ADA)
Unless you are frequently trading, you should never keepyour coins on an Crypto Trader for an extensive time period. To withdraw your Cardano (ADA), hover over the tab called “Funds” and click on “Withdraw”. Cardano (ADA) can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)
Locate (ADA) Cardano by using the given drop-down box. Enter the quantity of Cardano (ADA) you'd like to take off. Take into account the displayed fees/minimums. Also make sure you have entered your right withdraw address.
When you're satisfied, make a mouse click on “Submit”. You could be requested for email/phone verification ahead of a take off.
