A Step-by-Step-Guide on how to buy Cardano (ADA) in Barbados
Step 1 – Join Coinbase and get 10$ for free You'll first need to purchase units of the bigger coins. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Click the button below to register and receive your welcome 10$.
Step 2 – Transmit Your Bitcoin (BTC) or Ethereum (ETH) to an Exchange Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is identical. Cardano (ADA) is accessible on Binance, so we're going to use that as an example. Unsure on how to send funds from Coinbase to an Crypto Trader? (Just follow these easy steps) Make sure you've chosen the right coin you want to deposit. Bitcoin must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etcetera. In the case you are dealing with a decentralized exchange, such as Airswap or DDEX could be divergent (Follow our how-to).
Step 3 – Find Cardano (ADA) As soon as your deposit has been confirmed, you will directly have access to your funds and you can begin buying and trading. To purchase Cardano (ADA) on Binance, you'll want to go to the tab which is called “Exchange” and after that click on “Basic”. To discover (ADA) Cardano, you'll need to put the shortname of the coin (ADA) into the search-box, which is marked in the picture. Make sure you have choosen the correct grouping, we have marked this also. Click on “ADA/BTC” to go ahead.
Step 4 – Acquisition of Cardano (ADA) After you've discovered (ADA) Cardano, you will be presented with a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the image). Next we are creating our Limit Order. The field with the “Price” tag will be filled with the latest rate Cardano (ADA) was sold for. You can change this to your favoured price. The “Amount” field is the amount of ADA you wish to buy. The field with the “Total” tag is the whole price in Bitcoin that you will pay for the complete quantity of ADA. When you're happy, make a mouse click on “Buy ADA”. Your plan will be filled when a Vendor trades their ADA for the price you submitted.
Step 5 – Withdraw (ADA) Cardano Unless you're trading, best advise is not to keep crypto coins on an Cryptocurrency Exchange for an extended time period. In order to take off your Cardano (ADA), hover over the “Funds” tab and mouse click on “Withdraw”. Cardano (ADA) can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate (ADA) Cardano by using the provided drop-down box. Put into the amount of (ADA) Cardano you would like to withdraw. 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 may be requested for verfication via phone/email ahead of a withdrawal.