How to Buy Cardano (ADA) in Hungary

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

Step 1 – Join CEX.io

You will first need to purchase one of the major coins. Exchanges commonly accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for Altcoins. Follow the Link below for registration and getting your first BTC (Bitcoin) or ETH (Ethereum).

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

Your Bitcoin or Ethereum will need to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is similar. Cardano (ADA) is available on Binance, so we will use that as an illustration. Not sure on how to send funds from Coinbase to an Exchange? (Just follow these easy steps)

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

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, etc. If you are using a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow our guide).

Step 3 – Find Cardano (ADA)

Once your deposit has been affirmed, you'll instantly have access to your funds and you can launch buying and trading. To buy (ADA) Cardano on Binance, you will want to hover over the tab which is called “Exchange” and after that click on “Basic”.

In order to spot (ADA) Cardano, you will need to put the cointype (ADA) into the search-box, which is marked in the graphic. Make sure you have choosen the correct grouping, we have highlighted this too. Click on “ADA/BTC” to go ahead.

Step 4 – Buy Cardano (ADA)

Once you've found Cardano (ADA), you will be given a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the image). For now we're going to create our own Limit Order.

The “Price” field will be automatically filled with the most recent rate Cardano (ADA) was sold for. This can be changed to your favoured price. The “Amount” field is the volumen of ADA you want to buy. The “Total” field is the whole price in Bitcoin that you will pay for the whole quantity of ADA.

When you're glad, make a mouse click on “Buy ADA”. Your plan will be filled when a Vender trades their ADA for the price you introduced.

Step 5 – Withdraw (ADA) Cardano

Unless you are regularly trading, best advise is not to keep crypto on an Exchange for an longer period of time. In order to take off your (ADA) Cardano, hover over the tab called “Funds” and click on “Withdraw”. (ADA) Cardano can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (ADA) Cardano by using the given drop-down box. Drop in the volumen of Cardano (ADA) you would wish to take off. Don't forget the presented fees/minimums. Also make sure you have filled your correct withdraw address.

If you are glad, click “Submit”. You could be requested for email/phone verification ahead of a take off.

Congratulations! You have successfully bought and safed (ADA) Cardano in Hungary.

That's it!

Withdrawals from Exchange can durate between 1 – 30 minutes (depending on usage of the network). As soon as you've confirmed your take off using Ethplorer.io or Etherscan.io and the (ADA) Cardano is safe inside your wallet, you are finished.