A Step-by-Step-Guide on how to buy Cardano (ADA) in Azerbaijan
Step 1 – Signup to Kraken In the beginning you'll need to buy units of the major currencies. Exchanges commonly accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Click the button below for registration and receive your welcome Ethereum or Bitcoin.
Step 2 – Send Your Bitcoin or Ethereum to an Cryptocurrency Exchange Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is alike. Cardano (ADA) is accessible on Binance, so we're going to use that as an sample. Unsure on how to send Coinbase funds to an Crypto Exchange? (Follow these easy steps) Make sure you've selected the exact coin you would like to deposit. BTC must be sent to a BTC deposit address, Ethereum to an ETH deposit address, etc. If you're using a decentralized exchange, such as Airswap or DDEX could be divergent (Follow our guide).
Step 3 – Find (ADA) Cardano As soon as your deposit has been confirmed, you'll now have access to your assets and you can commence invest and trading. To purchase Cardano (ADA) 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 put the cointype (ADA) into the search-box, which is highlighted in the image. Be certain of having choosen the correct grouping, we've marked this also. Click on “ADA/BTC” to advance.
Step 4 – Purchasing (ADA) Cardano After you have discovered (ADA) Cardano, you'll be presented with a Price Chart (in the Center of the picture) and some Order Books (Leftside of the image). Next we are going to create our Limit Order. The “Price” field will be filled with the most recent price Cardano (ADA) was sold for. You can change this to your favoured price. The field with the “Amount” tag is the quantity of ADA you want to purchase. The field with the “Total” tag is the total price in Bitcoin that you will pay for the whole quantity of ADA. If you're glad, click on “Buy ADA”. Your order will be filled when a Seller sells their ADA for the price you gave.
Step 5 – Withdraw (ADA) Cardano Unless you are regularly trading, never keep your coins on an Crypto Exchange for an extended period of time. In order to take off your Cardano (ADA), hover over the “Funds” tab and click on “Withdraw”. (ADA) Cardano can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find (ADA) Cardano by using the given drop-down box. Put into the amount of Cardano (ADA) you would like to take off. Take into account the presented minimus/fees. Also make sure you have filled your correct withdraw address. If you're satisfied, make a mouse click on “Submit”. You may be requested for email/phone verification before a take off.