A Step-by-Step-Guide on how to buy Cardano (ADA) in China
Step 1 – Join Kraken You'll first need to buy one of the major coins. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Follow the Link below for registration and to get your welcome Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Send Your ETH (Ethereum) or BTC (Bitcoin) to an Crypto Exchange Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Cryptocurrency 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 sample. Unsure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow this guide) Make sure you have selected the right coin you would like to deposit. BTC must be sent to a Bitcoin 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 (Just follow these easy steps).
Step 3 – Locate Cardano (ADA) As soon as your deposit has been affirmed, you'll instantly have access to your funds and you can commence buying and trading. To invest in (ADA) Cardano on Binance, you will want to hover over the “Exchange” tab and then mouse click on “Basic”. In order to discover (ADA) Cardano, you will need to insert the short name of the asset (ADA) into the search-box, which is marked in the picture. Make sure you have choosen the correct pairing, we have highlighted this also. Click on “ADA/BTC” to proceed.
Step 4 – Purchase (ADA) Cardano As soon as you've located Cardano (ADA), you'll be given a Price Chart (in the Center of the picture) and some Order Books (Leftside of the picture). Next we are making our Limit Order. The “Price” field will be automatically filled with the most latest rate (ADA) Cardano was traded for. This can be changed to your desired price. The “Amount” field 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 complete amount of ADA. When you are glad, make a mouse click on “Buy ADA”. Your plan will be filled as soon as a Seller trades their ADA for the price you introduced.
Step 5 – Withdraw (ADA) Cardano Unless you are regularly trading, you should never keepyour coins on an Crypto Exchange for an extended time frame. To withdraw your Cardano (ADA), go to the tab called “Funds” and mouse click on “Withdraw”. Cardano (ADA) can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate (ADA) Cardano by using the provided drop-down box. Drop in the quantity of (ADA) Cardano you would wish to withdraw. Take into account the presented minimus/fees. Also make sure you have entered your correct withdraw address. When you're glad, click on “Submit”. You could be asked for email/phone verification before a take off.