A Step-by-Step-Guide on how to buy Cardano (ADA) in Mauritius
Step 1 – Signup to Kraken You will first need to purchase units of the bigger coins. Exchanges commonly accept either Ethereum or Bitcoin in exchange for alternative Coins. Follow the Link below for registration and getting your first BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Send Your BTC (Bitcoin) or ETH (Ethereum) to an Crypto Trader Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Crypto Trader now. All exchanges have a deposit form that is alike. Cardano (ADA) is accessible on Binance, so we will use that as an illustration. Unsure on how to send Coinbase funds to an Cryptocurrency Exchange? (Just follow this how-to) Make sure you have chosen the correct coin you want to deposit. BTC must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, etcetera. If you're dealing with a decentralized exchange, such as Airswap or DDEX could be opposed (Follow our guide).
Step 3 – Find (ADA) Cardano Once your deposit has been affirmed, you will immediately have access to your funds and you can start purchasing and trading. To buy Cardano (ADA) on Binance, you will want to go to the “Exchange” tab and click on “Basic”. In order to locate Cardano (ADA), you will need to insert the short name of the asset (ADA) into the search box, which is marked in the image. Make sure you have choosen the proper grouping, we've highlighted this too. Click on “ADA/BTC” to go ahead.
Step 4 – Acquisition of (ADA) Cardano Once you've discovered Cardano (ADA), you will be presented with a Price Chart (in the Center of the image) and some Order Books (on the Left of the image). Next we're making our own Limit Order. The “Price” field will be filled with the most up-to-date rate (ADA) Cardano was traded for. This can be changed to your preferred price. The “Amount” field is the quantity of ADA you want to purchase. The field with the “Total” tag is the aggregated price in BTC that you'll settle for the complete amount of ADA. If you are happy, make a mouse click on “Buy ADA”. Your order will be filled when a Vender sells their ADA for the price you submitted.
Step 5 – Withdraw Cardano (ADA) Unless you are regularly trading, you should never keepyour crypto on an Exchange for an extensive time frame. To withdraw your (ADA) Cardano, hover over the “Funds” tab and click on “Withdraw”. (ADA) Cardano can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate (ADA) Cardano by using the provided drop-down box. Enter the volumen of Cardano (ADA) you'd wish to withdraw. Don't forget the presented fees/minimums. Also make sure you have entered your precise withdraw address. When you're glad, make a mouse click on “Submit”. You may be asked for email/phone verification before a take off.