A Step-by-Step-Guide on how to buy Cardano (ADA) in El Salvador
Step 1 – Join CEX.io You will first need to buy one of the bigger coins. Exchanges usually accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Click below for registration and to get your first BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Transmit Your Bitcoin (BTC) or Ethereum (ETH) to an Crypto Exchange Your Bitcoin or Ethereum has to be sent over to an 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 example. Not sure on how to send funds from Coinbase to an Crypto Trader? (Just follow this guide) Make sure you've chosen the exact coin you wish to deposit. Bitcoin must be sent to a BTC deposit address, ETH to an Ethereum deposit address, etc. In the case you are dealing with a decentralized exchange, like Airswap or DDEX could be divergent (Just follow these easy steps).
Step 3 – Locate (ADA) Cardano As soon as your deposit has been verified, you'll directly have access to your assets and you can launch buying and trading. To invest in (ADA) Cardano on Binance, you will want to go to the tab which is called “Exchange” and click on “Basic”. In order to discover Cardano (ADA), you'll need to insert the cointype (ADA) into the search box, which is highlighted in the picture. Be certain of having choosen the correct pairing, we have highlighted this too. Click on “ADA/BTC” to go on.
Step 4 – Purchase (ADA) Cardano As soon as you have located (ADA) Cardano, you will be given a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the picture). And now we are going to make our Limit Order. The field with the “Price” tag will be filled automatically with the up-to-date rate (ADA) Cardano was sold for. You can change this to your preferred price. The “Amount” field is the amount of ADA you like to purchase. The “Total” field is the total price in BTC that you will pay for the whole quantity of ADA. When you are happy, make a mouse click on “Buy ADA”. Your order will be filled when a Vender sells their ADA for the price you gave.
Step 5 – Withdraw (ADA) Cardano Unless you are frequently trading, never keep your coins on an Crypto Trader for an longer period of time. In order to withdraw your (ADA) Cardano, go to the tab called “Funds” and click on “Withdraw”. (ADA) Cardano can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate Cardano (ADA) by using the given drop-down box. Put into the amount of Cardano (ADA) you would wish to withdraw. Take into account the demonstrated minimus/fees. Also make sure you have filled your precise withdraw address. If you're glad, click “Submit”. You could be asked for phone/email verification before a take off.