A Step-by-Step-Guide on how to buy Cardano (ADA) in Bahamas
Step 1 – Join Kraken In the beginning you'll need to purchase units of the top-tier currencies. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Click below to register and receive your first Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Transfer Your Bitcoin (BTC) or Ethereum (ETH) to an Crypto 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 available on Binance, so we're going to use that as an illustration. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow this how-to) Make sure you have selected the correct coin you want to deposit. Bitcoin must be sent to a BTC deposit address, ETH to an ETH deposit address, et cetera. In the case you're dealing with a decentralized exchange, such as Airswap or DDEX could be unlike (Follow these easy steps).
Step 3 – Find Cardano (ADA) Once your deposit has been confirmed, you'll now have access to your assets and you can begin purchasing and trading. To invest in (ADA) Cardano on Binance, you'll want to hover over the “Exchange” tab and then mouse click on “Basic”. In order to find Cardano (ADA), you'll need to insert the cointype (ADA) into the search box, which is highlighted in the picture. Be certain of having choosen the right pairing, we have marked this also. Click on “ADA/BTC” to progress.
Step 4 – Purchasing Cardano (ADA) After you have found Cardano (ADA), you'll be presented with a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the image). And now we're going to make our Limit Order. The field with the “Price” tag will be automatically filled with the latest 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 like to buy. The field with the “Total” tag is the total price in Bitcoin that you'll pay for the whole volumen of ADA. When you are glad, make a mouse click on “Buy ADA”. Your plan will be filled as soon as a Vendor trades their ADA for the price you introduced.
Step 5 – Withdraw (ADA) Cardano Unless you're regularly trading, never keep your coins on an Exchange for an longer time frame. To take off your (ADA) Cardano, go to the tab called “Funds” and click on “Withdraw”. (ADA) Cardano can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find Cardano (ADA) by using the provided drop-down box. Drop in the amount of Cardano (ADA) you'd like to take off. Don't forget the presented minimus/fees. Also make sure you have entered your correct withdraw address. When you're happy, click “Submit”. You could be requested for phone/email verification ahead of a take off.