A Step-by-Step-Guide on how to buy Cardano (ADA) in Bulgaria
Step 1 – Join Kraken You will first need to purchase one of the bigger currencies. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Follow the Link below for registration and getting your first ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Transfer Your BTC (Bitcoin) or ETH (Ethereum) to an Cryptocurrency Exchange Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is alike. Cardano (ADA) is accessible on Binance, so we're going to use that as an example. Unsure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow these easy steps) Make sure you've chosen the correct coin you would like to deposit. BTC must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, etc. In the case you are dealing with a decentralized exchange, such as Airswap or DDEX could be different (Follow our guide).
Step 3 – Find (ADA) Cardano As soon as your deposit has been approved, you'll now have access to your funds and you can commence purchasing and trading. To invest in (ADA) Cardano on Binance, you'll want to hover over the tab which is called “Exchange” and then mouse click on “Basic”. In order to find (ADA) Cardano, you will need to put the cointype (ADA) into the search box, which is highlighted in the graphic. Make sure you have selected the right grouping, we have marked this too. Click on “ADA/BTC” to go ahead.
Step 4 – Purchase (ADA) Cardano As soon as you have spotted Cardano (ADA), you will be presented with a Price Chart (in the Center of the image) and a few Order Books (on the Left of the picture). For now we're going to create our Limit Order. The “Price” field will be filled automatically with the latest tariff (ADA) Cardano was traded for. This can be changed to your desired price. The field with the “Amount” tag is the quantity of ADA you like to purchase. The field with the “Total” tag is the whole price in Bitcoin that you'll pay for the whole quantity of ADA. If you're happy, make a mouse click on “Buy ADA”. Your plan will be filled as soon as a Vender sells their ADA for the price you gave.
Step 5 – Withdraw (ADA) Cardano Unless you are regularly trading, never keep your coins on an Exchange for an longer time frame. To take off your (ADA) Cardano, go to the tab called “Funds” and click on “Withdraw”. Cardano (ADA) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find (ADA) Cardano by using the provided drop-down box. Enter the quantity of Cardano (ADA) you would like to withdraw. Don't forget the displayed minimus/fees. Also make sure you have filled your correct withdraw address. If you're happy, click on “Submit”. You may be asked for verfication via email/phone ahead of a take off.