A Step-by-Step-Guide on how to buy Cardano (ADA) in Bermuda
Step 1 – Signup to Coinbase and recieve 10$ for free In the beginning you'll need to purchase one of the bigger currencies. Exchanges commonly accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Click the button below to register and receive your welcome $10.
Step 2 – Send Your Ethereum or Bitcoin to an Crypto Exchange Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is similar. Cardano (ADA) is available on Binance, so we will use that as an example. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow this how-to) Make sure you've chosen 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 dealing with a decentralized exchange, such as Airswap or DDEX could be different (Just follow our manual).
Step 3 – Locate (ADA) Cardano As soon as your deposit has been approved, you will immediately have access to your funds and you can launch invest and trading. To purchase (ADA) Cardano on Binance, you will want to go to the tab which is called “Exchange” and mouse click on “Basic”. To spot Cardano (ADA), you'll need to insert the short name of the asset (ADA) into the search box, which is highlighted in the image. Make sure you have choosen the proper pairing, we have highlighted this also. Click on “ADA/BTC” to go ahead.
Step 4 – Buying Cardano (ADA) After you've discovered Cardano (ADA), you will be given a Price Chart (in the Center of the picture) and some Order Books (Leftside of the picture). Next we're going to make our Limit Order. The “Price” field will be filled with the most recent tariff Cardano (ADA) was traded for. You can change this to your preferred price. The field with the “Amount” tag is the quantity of ADA you want to purchase. The “Total” field is the total price in Bitcoin that you will pay for the whole volumen of ADA. If you are happy, make a mouse click on “Buy ADA”. Your plan will be filled as soon as a Seller sells their ADA for the price you gave.
Step 5 – Withdraw Cardano (ADA) Unless you're regularly trading, best advise is not to keep crypto coins on an Crypto Exchange for an extended period of time. In order to take off your Cardano (ADA), hover over the “Funds” tab and mouse click on “Withdraw”. Cardano (ADA) can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate Cardano (ADA) by using the provided drop-down box. Enter the quantity of (ADA) Cardano you would like to take off. Take into account the shown fees/minimums. Also make sure you have entered your correct withdraw address. If you are satisfied, click “Submit”. You could be requested for email/phone verification before a withdrawal.