A Step-by-Step-Guide on how to buy Cardano (ADA) in Cyprus
Step 1 – Join Kraken You'll first need to buy one of the top-tier currencies. Exchanges commonly accept either Ethereum or Bitcoin in exchange for alternative Coins. Click below to register and to get your welcome Bitcoin or Ethereum.
Step 2 – Send Your ETH (Ethereum) or BTC (Bitcoin) to an Exchange Your Ethereum or Bitcoin has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is alike. Cardano (ADA) is accessible on Binance, so we will use that as an example. Unsure on how to send funds from Coinbase to an Exchange? (Follow this guide) Make sure you've selected the correct coin you want to deposit. BTC must be sent to a BTC deposit address, Ethereum to an ETH deposit address, and so forth. If you're using a decentralized exchange, like Airswap or DDEX could be divergent (Follow these easy steps).
Step 3 – Find Cardano (ADA) Once your deposit has been verified, you will immediately have access to your funds and you can initiate invest and trading. To invest in (ADA) Cardano on Binance, you will want to go to the tab which is called “Exchange” and then mouse click on “Basic”. To discover (ADA) Cardano, you'll need to insert the short name of the asset (ADA) into the search-box, which is marked in the image. Make sure you have choosen the correct pairing, we have marked this also. Click on “ADA/BTC” to proceed.
Step 4 – Purchasing (ADA) Cardano Once you've discovered (ADA) Cardano, you'll be given a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the image). Next we are making our own Limit Order. The “Price” field will be automatically filled with the latest tariff (ADA) Cardano was sold for. This can be changed to your favoured rate. The “Amount” field is the amount of ADA you want to buy. The field with the “Total” tag is the whole price in Bitcoin that you will pay for the whole amount of ADA. If you are satisfied, click on “Buy ADA”. Your order will be filled as soon as a Seller sells their ADA for the price you introduced.
Step 5 – Withdraw Cardano (ADA) Unless you're regularly trading, never keep your coins on an Crypto Trader for an extended period of time. To take off your Cardano (ADA), go to the tab called “Funds” and mouse click on “Withdraw”. (ADA) Cardano can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate Cardano (ADA) by using the given drop-down box. Drop in the amount of (ADA) Cardano you would wish to take off. Don't forget the displayed fees/minimums. Also make sure you have filled your precise withdraw address. When you are glad, make a mouse click on “Submit”. You could be asked for phone/email verification ahead of a withdrawal.