A Step-by-Step-Guide on how to buy Cardano (ADA) in Barbados
Step 1 – Signup to Kraken You'll first need to purchase units of the top-tier coins. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for alternative Coins. Follow the Link below for registration and getting your welcome Bitcoin or Ethereum.
Step 2 – Send Your Bitcoin (BTC) or Ethereum (ETH) to an Crypto Trader Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is alike. Cardano (ADA) is available on Binance, so we will use that as an illustration. Unsure on how to send Coinbase funds to an Crypto Trader? (Follow this how-to) Make sure you have selected the right coin you would like to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etc. In the case you are dealing with a decentralized exchange, like Airswap or DDEX could be unlike (Just follow our how-to).
Step 3 – Locate (ADA) Cardano As soon as your deposit has been confirmed, you will instantly have access to your assets and you can commence invest and trading. To invest in (ADA) Cardano on Binance, you will want to hover over the “Exchange” tab and after that click on “Basic”. To locate (ADA) Cardano, you'll need to put the cointype (ADA) into the search box, which is marked in the graphic. Make sure you have choosen the right grouping, we've highlighted this also. Click on “ADA/BTC” to progress.
Step 4 – Purchase Cardano (ADA) As soon as you've located (ADA) Cardano, you'll be presented with a Chart with Prices (in the Center of the image) and some Order Books (on the Left of the picture). For now we're going to make our own Limit Order. The “Price” field will be automatically filled with the recent valuation (ADA) Cardano was sold for. You can change this to your favoured price. The field with the “Amount” tag is the amount of ADA you want to buy. The field with the “Total” tag is the aggregated price in Bitcoin that you'll pay for the whole quantity of ADA. If you're satisfied, make a mouse click on “Buy ADA”. Your order will be filled when a Vender trades their ADA for the price you gave.
Step 5 – Withdraw Cardano (ADA) Unless you're regularly trading, never keep your crypto on an Cryptocurrency Exchange for an longer period of time. To withdraw your (ADA) Cardano, hover over the tab called “Funds” and click on “Withdraw”. Cardano (ADA) can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find Cardano (ADA) by using the given drop-down box. Enter the quantity of Cardano (ADA) you'd wish to withdraw. Don't forget the shown fees/minimums. Also make sure you have filled your right withdraw address. If you are satisfied, click “Submit”. You may be requested for verfication via phone/email ahead of a withdrawal.