A Step-by-Step-Guide on how to buy Cardano (ADA) in Montserrat
Step 1 – Signup to Coinbase – Get Free $10 You will first need to purchase units of the bigger currencies. Exchanges usually accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for alternative Coins. Click the button below for registration and to get your first $10.
Step 2 – Send Your Ethereum or Bitcoin to an Crypto Exchange Your Bitcoin or Ethereum 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 will use that as an sample. Unsure on how to send Coinbase funds to an Exchange? (Just follow these easy steps) Make sure you have selected 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 using a decentralized exchange, like Airswap or DDEX could be opposed (Just follow our how-to).
Step 3 – Find Cardano (ADA) Once your deposit has been verified, you'll immediately have access to your finances and you can launch purchasing and trading. To buy Cardano (ADA) on Binance, you will want to hover over the tab which is called “Exchange” and then mouse click on “Basic”. In order to locate (ADA) Cardano, you will need to insert the cointype (ADA) into the search-box, which is highlighted in the image. Make sure you have selected the proper pairing, we've marked this too. Click on “ADA/BTC” to continue.
Step 4 – Purchasing (ADA) Cardano After you have discovered Cardano (ADA), you will be given a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the picture). For now we're creating our own Limit Order. The “Price” field will be filled with the latest tariff Cardano (ADA) was sold for. This can be changed to your preferred rate. The “Amount” field is the quantity of ADA you wish to purchase. The field with the “Total” tag is the total price in Bitcoin that you'll settle for the whole volumen of ADA. When you're happy, make a mouse 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're trading, never keep your crypto coins on an Crypto Exchange for an longer period of time. In order to take off your (ADA) Cardano, hover over the tab called “Funds” and click on “Withdraw”. (ADA) Cardano can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find (ADA) Cardano by using the provided drop-down box. Drop in the quantity of (ADA) Cardano you would like to take off. Don't forget the shown minimus/fees. Also make sure you have filled your right withdraw address. If you are happy, click on “Submit”. You may be asked for phone/email verification ahead of a take off.