How to Buy Cardano (ADA) in Iceland

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

Step 1 – Signup to Kraken

In the beginning you'll need to purchase one of the top-tier coins. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Click below for registration and to get your welcome Bitcoin (BTC) or Ethereum (ETH).

Kraken Signup
Step 2 – Transmit Your Ethereum or Bitcoin to an Exchange

Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Exchange now. Every exchange has a deposit form that is alike. Cardano (ADA) is obtainable on Binance, so we're going to use that as an illustration. Not sure on how to send funds from Coinbase to an Crypto Trader? (Just follow this guide)

Make sure you've chosen the right coin you wish to deposit.

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, et cetera. If you're using a decentralized exchange, such as Airswap or DDEX could be unlike (Follow our how-to).

Binance Signup

Step 3 – Find Cardano (ADA)

Once your deposit has been confirmed, you will now have access to your finances and you can initiate invest and trading. To purchase (ADA) Cardano on Binance, you'll want to hover over the “Exchange” tab and mouse click on “Basic”.

To find (ADA) Cardano, you will need to insert the short name of the asset (ADA) into the search-box, which is highlighted in the image. Be certain of having selected the right pairing, we've marked this also. Click on “ADA/BTC” to progress.

Step 4 – Purchasing (ADA) Cardano

After you've located (ADA) Cardano, you will be presented with a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the picture). And now we're going to make our Limit Order.

The “Price” field will be filled automatically with the up-to-date tariff Cardano (ADA) was traded for. You can change this to your desired price. The “Amount” field is the volumen of ADA you want to buy. The “Total” field is the aggregated price in Bitcoin that you will pay for the whole volumen of ADA.

If you're satisfied, make a mouse click on “Buy ADA”. Your order will be filled when a Vender trades their ADA for the price you offered.

Step 5 – Withdraw (ADA) Cardano

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

Find Cardano (ADA) by using the provided drop-down box. Enter the volumen of (ADA) Cardano you would like to take off. Don't forget the shown minimus/fees. Also make sure you have entered your right withdraw address.

When you are satisfied, make a mouse click on “Submit”. You may be requested for phone/email verification ahead of a take off.

Kudos! You have successfully purchased and safed (ADA) Cardano in Iceland.

That's it!

Take offs from Cryptocurrency Exchange can durate anywhere from 1 – 30 minutes (rely on usage of the network). Once you have proved your withdrawal with Ethplorer.io or Etherscan.io and the (ADA) Cardano is stored in your wallet, you're all done.
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