A Step-by-Step-Guide on how to buy Cardano (ADA) in Denmark
Step 1 – Signup to Kraken You'll first need to buy units of the top-tier coins. Exchanges commonly accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for alternative Coins. Click the button below to register and getting your first ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Transfer Your Funds to an Cryptocurrency Exchange Your Bitcoin or Ethereum has to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is identical. Cardano (ADA) is obtainable on Binance, so we will use that as an example. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow this guide) Make sure you have chosen the exact coin you want to deposit. BTC must be sent to a BTC deposit address, ETH to an Ethereum deposit address, and so on. If you're dealing with a decentralized exchange, like Airswap or DDEX could be different (Just follow our how-to).
Step 3 – Find (ADA) Cardano Once your deposit has been confirmed, you will directly have access to your assets and you can initiate buying 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”. In order to spot (ADA) Cardano, you will need to insert the cointype (ADA) into the search-box, which is highlighted in the picture. Make sure you have selected the correct grouping, we have highlighted this too. Click on “ADA/BTC” to go on.
Step 4 – Purchasing Cardano (ADA) Once you've located (ADA) Cardano, you will be presented with a Price Chart (in the Center of the picture) and some Order Books (Leftside of the image). For now we're going to create our own Limit Order. The “Price” field will be filled with the most latest rate Cardano (ADA) was traded for. This can be changed to your favoured price. The field with the “Amount” tag is the volumen of ADA you like to purchase. The “Total” field is the aggregated price in BTC that you'll pay for the complete quantity of ADA. If you're satisfied, click on “Buy ADA”. Your plan will be filled when a Seller trades their ADA for the price you submitted.
Step 5 – Withdraw (ADA) Cardano Unless you're trading, best advise is not to keep coins on an Crypto Trader for an longer time period. In order to withdraw your Cardano (ADA), go to the “Funds” tab and mouse click on “Withdraw”. Cardano (ADA) can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate Cardano (ADA) by using the given drop-down box. Put into the volumen of (ADA) Cardano you'd like to take off. Take into account the shown minimus/fees. Also make sure you have entered your precise withdraw address. If you're happy, click “Submit”. You may be asked for verfication via email/phone before a withdrawal.