A Step-by-Step-Guide on how to buy Cardano (ADA) in Mongolia
Step 1 – Signup to Coinbase – Get Free $10 You'll first need to purchase units of the bigger coins. Exchanges normally accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for alternative Coins. Click the button below for registration and to get your welcome $10.
Step 2 – Send Your Bitcoin (BTC) or Ethereum (ETH) to an Cryptocurrency Exchange Your Ethereum or Bitcoin has to be sent over to an Crypto Trader now. All exchanges have a deposit form that is similar. Cardano (ADA) is available on Binance, so we will use that as an example. Unsure on how to send Coinbase funds to an Crypto Trader? (Follow this manual) Make sure you've selected the correct coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, and so on. If you're dealing with a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow our guide).
Step 3 – Find Cardano (ADA) As soon as your deposit has been approved, you will instantly have access to your assets and you can begin purchasing and trading. To buy Cardano (ADA) on Binance, you will want to hover over the “Exchange” tab and after that mouse click on “Basic”. To discover Cardano (ADA), you'll need to insert the shortname of the coin (ADA) into the search-box, which is highlighted in the image. Be certain of having choosen the proper grouping, we've highlighted this also. Click on “ADA/BTC” to proceed.
Step 4 – Acquisition of (ADA) Cardano As soon as you have found (ADA) Cardano, you will be presented with a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the picture). And now we are making our Limit Order. The field with the “Price” tag will be filled with the latest tariff Cardano (ADA) was traded for. You can change this to your preferred rate. The “Amount” field is the quantity of ADA you wish to buy. The “Total” field is the whole price in Bitcoin that you will pay for the complete volumen of ADA. If you are 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 trading, best advise is not to keep crypto on an Crypto Trader for an extended time frame. In order to withdraw your (ADA) Cardano, hover over the tab called “Funds” and click on “Withdraw”. Cardano (ADA) can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find Cardano (ADA) by using the given drop-down box. Drop in the volumen of Cardano (ADA) you'd wish to withdraw. Don't forget the demonstrated fees/minimums. Also make sure you have entered your correct withdraw address. If you're glad, click “Submit”. You could be asked for verfication via email/phone ahead of a take off.