How to Buy Cardano (ADA) in Australia

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

Step 1 – Join Kraken

You'll first need to buy units of the top-tier coins. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for alternative Coins. Follow the Link below to register and to get your first Ethereum (ETH) or Bitcoin (BTC).

Step 2 – Transfer Your Bitcoin (BTC) or Ethereum (ETH) to an Crypto Trader

Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is alike. Cardano (ADA) is obtainable on Binance, so we will use that as an example. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Just follow this manual)

Make sure you have selected the correct coin you want to deposit.

Bitcoin must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, et cetera. If you're dealing with a decentralized exchange, like Airswap or DDEX could be divergent (Just follow these easy steps).

Step 3 – Locate (ADA) Cardano

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

To spot Cardano (ADA), you'll need to insert the shortname of the coin (ADA) into the search box, which is highlighted in the graphic. Make sure you have choosen the right pairing, we have highlighted this too. Click on “ADA/BTC” to continue.

Step 4 – Buy Cardano (ADA)

As soon as you've discovered Cardano (ADA), you will be given a Price Chart (in the Center of the picture) and some Order Books (on the Left of the image). For now we are going to create our Limit Order.

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

If you're glad, make a mouse click on “Buy ADA”. Your order will be filled when a Vender trades their ADA for the price you offered.

Step 5 – Withdraw Cardano (ADA)

Unless you are frequently trading, you should never keepyour crypto coins on an Cryptocurrency Exchange for an extended time frame. In order to withdraw your Cardano (ADA), hover over the tab called “Funds” and click on “Withdraw”. (ADA) Cardano can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

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

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

Kudos! You've successfully purchased and stored (ADA) Cardano in Australia.

That's it!

Take offs from Crypto Trader can durate between 1 – 30 minutes (rely on usage of the network). As soon as you have confirmed your withdrawal with Etherscan.io or Ethplorer.io and the (ADA) Cardano is safe in your wallet, you're done.