How to Buy Cardano (ADA) in Latvia

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

Step 1 – Signup to Kraken

You will first need to buy units of the bigger currencies. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Follow the Link below to register and receive your welcome Bitcoin (BTC) or Ethereum (ETH).

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

Your Ethereum or Bitcoin has to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is similar. Cardano (ADA) is available on Binance, so we will use that as an illustration. Unsure on how to send Coinbase funds to an Exchange? (Follow this manual)

Make sure you have chosen the correct coin you wish to deposit.

BTC must be sent to a BTC deposit address, Ethereum to an ETH deposit address, etcetera. In the case you're dealing with a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow our guide).

Step 3 – Locate (ADA) Cardano

As soon as your deposit has been affirmed, you will directly have access to your assets and you can start purchasing and trading. To purchase Cardano (ADA) on Binance, you will want to hover over the tab which is called “Exchange” and then 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 picture. Make sure you have selected the right grouping, we have marked this too. Click on “ADA/BTC” to progress.

Step 4 – Buy (ADA) Cardano

After you have discovered Cardano (ADA), you will be given a Price Chart (in the Center of the picture) and some Order Books (on the Left of the image). Next we are going to make our Limit Order.

The “Price” field will be filled automatically with the most recent valuation Cardano (ADA) was sold for. You can change this to your desired price. The field with the “Amount” tag is the volumen of ADA you wish to buy. The field with the “Total” tag is the total price in Bitcoin that you'll settle for the complete quantity of ADA.

If you are glad, make a mouse click on “Buy ADA”. Your order will be filled when a Vender sells their ADA for the price you introduced.

Step 5 – Withdraw (ADA) Cardano

Unless you're frequently trading, never keep your coins on an Crypto Exchange for an extended time frame. 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, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (ADA) Cardano by using the provided drop-down box. Put into the quantity of (ADA) Cardano you would wish to withdraw. Take into account the demonstrated fees/minimums. Also make sure you have entered your precise withdraw address.

If you are satisfied, click “Submit”. You may be asked for email/phone verification before a withdrawal.

Congrats! You've successfully bought and stored (ADA) Cardano in Latvia.

That's it!

Withdrawals from Crypto Exchange can take anywhere from 1 – 30 minutes (depending on usage of the network). As soon as you have proved your withdrawal using Etherscan.io or Ethplorer.io and the (ADA) Cardano is safe in your wallet, you are done.