How to Buy Cardano (ADA) in Colombia

A Step-by-Step-Guide on how to buy Cardano (ADA) in Colombia

Step 1 – Join Kraken

You will first need to buy units of the bigger currencies. Exchanges commonly accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for alternative Coins. Follow the Link below to register and to get your first Bitcoin or Ethereum.

Step 2 – Transmit Your ETH (Ethereum) or BTC (Bitcoin) to an Crypto Trader

Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Crypto Trader now. Every exchange has 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 Crypto Trader? (Just follow these easy steps)

Make sure you've selected the exact coin you want to deposit.

Bitcoin must be sent to a BTC deposit address, ETH to an Ethereum deposit address, etc. In the case you are using a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow our manual).

Step 3 – Locate Cardano (ADA)

Once your deposit has been verified, you will now have access to your finances and you can initiate purchasing and trading. To buy (ADA) Cardano on Binance, you'll want to hover over the “Exchange” tab and after that mouse click on “Basic”.

In order to locate (ADA) Cardano, you will need to insert the cointype (ADA) into the search box, which is highlighted in the image. Be certain of having choosen the proper grouping, we've highlighted this too. Click on “ADA/BTC” to go on.

Step 4 – Buying (ADA) Cardano

Once you've spotted (ADA) Cardano, you'll be presented with a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the picture). Next we're making our own Limit Order.

The “Price” field will be filled automatically with the up-to-date price Cardano (ADA) was traded for. This can be changed to your desired price. The “Amount” field is the amount of ADA you want to buy. The “Total” field is the whole price in BTC that you'll settle for the complete volumen of ADA.

When you are satisfied, make a mouse click on “Buy ADA”. Your plan will be filled when a Vendor trades their ADA for the price you submitted.

Step 5 – Withdraw (ADA) Cardano

Unless you are frequently trading, best advise is not to keep crypto coins on an Exchange for an longer time frame. To withdraw your Cardano (ADA), hover over the tab called “Funds” and mouse click on “Withdraw”. Cardano (ADA) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Cardano (ADA) by using the provided drop-down box. Drop in the volumen of Cardano (ADA) you'd wish to withdraw. Don't forget the shown fees/minimums. Also make sure you have entered your precise withdraw address.

When you are happy, make a mouse click on “Submit”. You could be asked for phone/email verification ahead of a withdrawal.

Congrats! You've successfully purchased and stored Cardano (ADA) in Colombia.

That's it!

Take offs from Crypto Exchange can take anywhere from 1 – 30 minutes (depending on network usage). As soon as you've confirmed your withdrawal with Etherscan.io or Ethplorer.io and the (ADA) Cardano is stored in your wallet, you are finished.