How to Buy Cardano (ADA) in Luxembourg

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

Step 1 – Join CEX.io

In the beginning you'll need to purchase one of the major currencies. Exchanges normally accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for Altcoins. Click below to register and receive your welcome Bitcoin or Ethereum.

Step 2 – Transfer Your Funds to an Crypto Trader

Your Ethereum (ETH) or Bitcoin (BTC) will need 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 will use that as an sample. Unsure on how to send Coinbase funds to an Exchange? (Just follow this guide)

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

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, and so on. In the case you're working with a decentralized exchange, such as Airswap or DDEX could be unlike (Just follow our manual).

Step 3 – Find Cardano (ADA)

As soon as your deposit has been affirmed, you will immediately have access to your assets and you can initiate invest and trading. To invest in Cardano (ADA) on Binance, you will want to hover over the “Exchange” tab and after that click on “Basic”.

In order to find (ADA) Cardano, you will need to put the cointype (ADA) into the search-box, which is highlighted in the graphic. Be certain of having selected the proper grouping, we've highlighted this too. Click on “ADA/BTC” to advance.

Step 4 – Purchase (ADA) Cardano

Once you have found (ADA) Cardano, you'll be given a Price Chart (in the Center of the image) and a few Order Books (Leftside of the picture). Next we're creating our Limit Order.

The field with the “Price” tag will be filled automatically with the recent valuation Cardano (ADA) was traded for. You can change this to your preferred rate. The “Amount” field is the quantity of ADA you wish to purchase. The “Total” field is the total price in Bitcoin that you will pay for the whole amount of ADA.

If you are happy, click on “Buy ADA”. Your plan will be filled as soon as a Seller sells their ADA for the price you introduced.

Step 5 – Withdraw Cardano (ADA)

Unless you're trading, best advise is not to keep your crypto coins on an Crypto Exchange for an extensive time period. To withdraw your (ADA) Cardano, go to the “Funds” tab and click on “Withdraw”. Cardano (ADA) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find Cardano (ADA) by using the provided drop-down box. Put into the amount of (ADA) Cardano you'd wish to take off. Take into account the demonstrated minimus/fees. Also make sure you have entered your right withdraw address.

If you're satisfied, click on “Submit”. You may be requested for verfication via email/phone ahead of a take off.

Congratulations! You've successfully bought and stored Cardano (ADA) in Luxembourg.

That's it!

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