How to Buy Cardano (ADA) in Armenia

A Step-by-Step-Guide on how to buy Cardano (ADA) in Armenia

Step 1 – Signup to Kraken

You will first need to buy units of the major currencies. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Click below for registration and getting your first Bitcoin or Ethereum.

Step 2 – Transfer Your Ethereum or Bitcoin to an Exchange

Your Ethereum or Bitcoin has to be sent over to an Exchange now. Every exchange has a deposit form that is similar. Cardano (ADA) is accessible on Binance, so we will use that as an example. Unsure on how to send Coinbase funds to an Cryptocurrency Exchange? (Just follow this how-to)

Make sure you have chosen the correct coin you wish to deposit.

Bitcoin must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, and so on. In the case you are using a decentralized exchange, like Airswap or DDEX could be different (Follow our manual).

Step 3 – Locate Cardano (ADA)

As soon as your deposit has been affirmed, you'll instantly have access to your funds and you can initiate purchasing and trading. To purchase Cardano (ADA) on Binance, you will want to hover over the tab which is called “Exchange” and click on “Basic”.

In order to locate Cardano (ADA), you will need to put the shortname of the coin (ADA) into the search-box, which is highlighted in the graphic. Make sure you have choosen the correct grouping, we have marked this too. Click on “ADA/BTC” to continue.

Step 4 – Acquisition of Cardano (ADA)

Once you've located (ADA) Cardano, you'll be presented with a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the image). Next we're creating our own Limit Order.

The field with the “Price” tag will be automatically filled with the most recent valuation Cardano (ADA) was sold for. You can change this to your preferred rate. The field with the “Amount” tag is the amount of ADA you wish to buy. The “Total” field is the whole price in BTC that you'll settle for the complete quantity of ADA.

If you are satisfied, click on “Buy ADA”. Your order will be filled when a Vender sells their ADA for the price you offered.

Step 5 – Withdraw Cardano (ADA)

Unless you're regularly trading, best advise is not to keep crypto coins on an Crypto Trader for an longer period of time. To withdraw your Cardano (ADA), hover over the “Funds” tab and click on “Withdraw”. Cardano (ADA) can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Cardano (ADA) by using the given drop-down box. Drop in the volumen of Cardano (ADA) you'd wish to take off. Don't forget the shown minimus/fees. Also make sure you have filled your precise withdraw address.

When you are happy, click “Submit”. You may be requested for email/phone verification before a withdrawal.

Congrats! You've successfully purchased and stored Cardano (ADA) in Armenia.

That's it!

Take offs from Cryptocurrency Exchange can take between 1 – 30 minutes (rely on usage of the network). As soon as you have confirmed your take off with Ethplorer.io or Etherscan.io and the (ADA) Cardano is safe within your wallet, you're all done.