How to Buy Cardano (ADA) in Lebanon

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

Step 1 – Signup to Coinbase – Get Free $10

In the beginning you'll need to buy units of the major coins. Exchanges commonly accept either Ethereum or Bitcoin in exchange for alternative Coins. Follow the Link below to register and to get your welcome 10 Dollar.

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

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 sample. Not sure on how to send Coinbase funds to an Exchange? (Follow this manual)

Make sure you've chosen the precise coin you want to deposit.

BTC must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, etcetera. If you're using a decentralized exchange, like Airswap or DDEX could be opposed (Follow our guide).

Step 3 – Find Cardano (ADA)

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

To locate Cardano (ADA), you'll need to insert the short name of the asset (ADA) into the search-box, which is marked in the image. Be certain of having choosen the right grouping, we have highlighted this also. Click on “ADA/BTC” to continue.

Step 4 – Buying Cardano (ADA)

After you've spotted Cardano (ADA), you'll be presented with a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the image). For now we are going to make our own Limit Order.

The field with the “Price” tag will be filled automatically with the most up-to-date price Cardano (ADA) was traded for. This can be changed to your favoured price. The “Amount” field is the amount of ADA you wish to buy. The field with the “Total” tag is the whole price in BTC that you will pay for the whole amount of ADA.

If you're satisfied, click on “Buy ADA”. Your plan will be filled as soon as a Vender trades their ADA for the price you gave.

Step 5 – Withdraw Cardano (ADA)

Unless you are frequently trading, best advise is not to keep your coins on an Exchange for an extensive time frame. In order to withdraw your (ADA) Cardano, go to the “Funds” tab and click on “Withdraw”. Cardano (ADA) can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

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

When you are glad, make a mouse click on “Submit”. You could be requested for email/phone verification before a withdrawal.

Kudos! You have successfully bought and stored Cardano (ADA) in Lebanon.

That's it!

Take offs from Crypto Exchange can take anywhere from 1 – 30 minutes (rely on network usage). Once you've confirmed your take off with Etherscan.io or Ethplorer.io and the (ADA) Cardano is safe within your wallet, you are done.