A Step-by-Step-Guide on how to buy Cardano (ADA) in Ecuador
Step 1 – Signup to Kraken In the beginning you'll need to purchase one of the top-tier currencies. Exchanges usually accept either Ethereum or Bitcoin in exchange for alternative Coins. Follow the Link below for registration and to get your first Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Transfer Your Funds to an Cryptocurrency Exchange Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is similar. Cardano (ADA) is accessible on Binance, so we're going to use that as an illustration. Unsure on how to send Coinbase funds to an Exchange? (Follow this how-to) Make sure you have selected the exact coin you would like to deposit. BTC must be sent to a BTC deposit address, ETH to an Ethereum deposit address, and so forth. If you are using a decentralized exchange, like Airswap or DDEX could be different (Just follow our guide).
Step 3 – Locate Cardano (ADA) Once your deposit has been approved, you will immediately have access to your assets and you can start buying and trading. To invest in (ADA) Cardano on Binance, you'll want to go to the tab which is called “Exchange” and after that mouse click on “Basic”. To locate (ADA) Cardano, you'll need to put the shortname of the coin (ADA) into the search-box, which is marked in the graphic. Be certain of having choosen the right pairing, we've marked this too. Click on “ADA/BTC” to go on.
Step 4 – Acquisition of Cardano (ADA) As soon as you have found (ADA) Cardano, you'll be given a Price Chart (in the Center of the image) and a few Order Books (Leftside of the picture). Next we're going to create our Limit Order. The “Price” field will be automatically filled with the recent valuation Cardano (ADA) was sold for. This can be changed to your favoured rate. The “Amount” field is the quantity of ADA you wish to purchase. The “Total” field is the total price in Bitcoin that you'll pay for the complete volumen of ADA. When you are happy, click on “Buy ADA”. Your plan will be filled as soon as a Seller trades their ADA for the price you offered.
Step 5 – Withdraw Cardano (ADA) Unless you're frequently trading, you should never keepyour coins on an Exchange for an longer time period. To withdraw your Cardano (ADA), hover over the tab called “Funds” and mouse click on “Withdraw”. (ADA) Cardano can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find (ADA) Cardano by using the provided drop-down box. Drop in the amount of Cardano (ADA) you'd wish to take off. Don't forget the displayed minimus/fees. Also make sure you have entered your correct withdraw address. When you're happy, click “Submit”. You could be asked for verfication via phone/email ahead of a withdrawal.