A Step-by-Step-Guide on how to buy Cardano (ADA) in Bahrain
Step 1 – Join Kraken In the beginning you'll need to purchase units of the top-tier currencies. Exchanges commonly accept either Ethereum or Bitcoin in exchange for Altcoins. Click below to register and receive your welcome ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Transmit Your ETH (Ethereum) or BTC (Bitcoin) to an Exchange Your Bitcoin or Ethereum will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is identical. Cardano (ADA) is available on Binance, so we're going to use that as an example. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Follow this how-to) Make sure you've selected the correct coin you want to deposit. BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etc. In the case you're dealing with a decentralized exchange, like Airswap or DDEX could be divergent (Follow our guide).
Step 3 – Find (ADA) Cardano Once your deposit has been approved, you will immediately have access to your funds and you can start buying and trading. To purchase Cardano (ADA) on Binance, you will want to go to the “Exchange” tab and click on “Basic”. In order to spot Cardano (ADA), you'll need to put the cointype (ADA) into the search box, which is marked in the picture. Make sure you have selected the right grouping, we've highlighted this too. Click on “ADA/BTC” to go ahead.
Step 4 – Purchase Cardano (ADA) Once you've located (ADA) Cardano, you'll be presented with a Price Chart (in the Center of the image) and a few Order Books (Leftside of the picture). Next we are going to make our Limit Order. The field with the “Price” tag will be filled automatically with the up-to-date tariff (ADA) Cardano was traded for. This can be changed to your preferred price. The field with the “Amount” tag is the volumen of ADA you wish to purchase. The “Total” field is the total price in BTC that you will settle for the complete volumen of ADA. If you are glad, make a mouse click on “Buy ADA”. Your order will be filled when a Seller sells their ADA for the price you introduced.
Step 5 – Withdraw (ADA) Cardano Unless you are frequently trading, never keep your coins on an Exchange for an extensive period of time. To withdraw your Cardano (ADA), go to the tab called “Funds” and mouse click on “Withdraw”. (ADA) Cardano can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find Cardano (ADA) by using the given drop-down box. Enter the volumen 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. If you're satisfied, make a mouse click on “Submit”. You could be asked for verfication via email/phone before a withdrawal.