A Step-by-Step-Guide on how to buy Cardano (ADA) in Benin
Step 1 – Signup to Kraken In the beginning you'll need to buy units of the major currencies. Exchanges normally accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for alternative Coins. Click the button below for registration and to get your first Ethereum or Bitcoin.
Step 2 – Transfer Your Ethereum or Bitcoin to an Cryptocurrency Exchange Your Bitcoin or Ethereum has to be sent over to an 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 illustration. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow this how-to) Make sure you have selected the correct coin you wish to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, and so forth. If you're working with a decentralized exchange, like Airswap or DDEX could be divergent (Follow our manual).
Step 3 – Find Cardano (ADA) As soon as your deposit has been approved, you will immediately have access to your funds and you can commence buying and trading. To invest in Cardano (ADA) on Binance, you'll want to hover over the “Exchange” tab and then mouse click on “Basic”. To spot (ADA) Cardano, you'll need to put the short name of the asset (ADA) into the search-box, which is highlighted in the graphic. Make sure you have selected the right pairing, we have highlighted this too. Click on “ADA/BTC” to go ahead.
Step 4 – Buying (ADA) Cardano Once you've found Cardano (ADA), you'll be presented with a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the image). Next we're going to create our Limit Order. The field with the “Price” tag will be automatically filled with the latest tariff Cardano (ADA) was traded for. This can be changed to your favoured price. The “Amount” field is the amount of ADA you wish to buy. The “Total” field is the whole price in BTC that you will settle for the whole quantity of ADA. When you are satisfied, click on “Buy ADA”. Your plan will be filled as soon as a Seller trades their ADA for the price you offered.
Step 5 – Withdraw Cardano (ADA) Unless you are trading, never keep your crypto coins on an Crypto Exchange for an longer period of time. To withdraw your Cardano (ADA), hover over the tab called “Funds” and click on “Withdraw”. (ADA) Cardano can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate (ADA) Cardano by using the provided drop-down box. Put into the quantity of Cardano (ADA) you'd like to withdraw. Don't forget the displayed fees/minimums. Also make sure you have filled your correct withdraw address. When you are happy, click “Submit”. You could be requested for verfication via email/phone before a take off.