How to Buy Cardano (ADA) in Micronesia

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

Step 1 – Join Kraken

You'll first need to buy units of the bigger coins. Exchanges commonly accept either Ethereum or Bitcoin in exchange for Altcoins. Click below for registration and receive your welcome BTC (Bitcoin) or ETH (Ethereum).

Step 2 – Send Your Bitcoin or Ethereum to an Exchange

Your Bitcoin or Ethereum has to be sent over to an Cryptocurrency Exchange now. Every exchange has 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 have chosen the right coin you would like to deposit.

Bitcoin must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, et cetera. In the case you are dealing with a decentralized exchange, like Airswap or DDEX could be unlike (Follow our guide).

Step 3 – Find Cardano (ADA)

Once your deposit has been confirmed, you will immediately have access to your finances and you can commence invest and trading. To buy (ADA) Cardano on Binance, you will want to go to the tab which is called “Exchange” and mouse click on “Basic”.

In order to locate Cardano (ADA), you will need to put the cointype (ADA) into the search-box, which is highlighted in the graphic. Make sure you have selected the correct pairing, we have highlighted this too. Click on “ADA/BTC” to advance.

Step 4 – Buying Cardano (ADA)

Once you have located (ADA) Cardano, you'll be given a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the image). And now we are going to make our Limit Order.

The “Price” field will be filled with the latest rate Cardano (ADA) was traded for. You can change this to your preferred price. The field with the “Amount” tag is the quantity of ADA you like to buy. The field with the “Total” tag is the whole price in BTC that you'll settle for the complete quantity of ADA.

If you are happy, make a mouse click on “Buy ADA”. Your plan will be filled when a Seller trades their ADA for the price you submitted.

Step 5 – Withdraw (ADA) Cardano

Unless you're regularly trading, best advise is not to keep coins on an Crypto Exchange for an extended time frame. In order to take off your (ADA) Cardano, hover over the “Funds” tab and mouse click on “Withdraw”. (ADA) Cardano can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Cardano (ADA) by using the given drop-down box. Put into the volumen of Cardano (ADA) you'd like to take off. Don't forget the demonstrated minimus/fees. Also make sure you have entered your precise withdraw address.

When you are happy, make a mouse click on “Submit”. You may be asked for verfication via email/phone ahead of a take off.

Congrats! You have successfully purchased and safed Cardano (ADA) in Micronesia.

That's it!

Withdrawals from Exchange can take between 1 – 30 minutes (rely on usage of the network). As soon as you have confirmed your withdrawal with Etherscan.io or Ethplorer.io and the (ADA) Cardano is safe in your wallet, you're done.