A Step-by-Step-Guide on how to buy Cardano (ADA) in New Caledonia
Step 1 – Join CEX.io You will first need to buy one of the major coins. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Click below for registration and to get your welcome BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Send Your Ethereum (ETH) or Bitcoin (BTC) to an Exchange Your Bitcoin or Ethereum has to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is similar. Cardano (ADA) is accessible on Binance, so we will use that as an sample. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow this manual) Make sure you have selected the exact coin you want to deposit. BTC must be sent to a BTC deposit address, Ethereum to an ETH deposit address, and so forth. If you're using a decentralized exchange, such as Airswap or DDEX could be different (Follow our how-to).
Step 3 – Locate Cardano (ADA) Once your deposit has been affirmed, you'll instantly have access to your finances and you can commence purchasing and trading. To purchase Cardano (ADA) on Binance, you'll want to hover over the tab which is called “Exchange” and after that mouse click on “Basic”. In order to spot (ADA) Cardano, you'll need to put the shortname of the coin (ADA) into the search-box, which is marked in the picture. Be certain of having choosen the correct grouping, we've highlighted this too. Click on “ADA/BTC” to advance.
Step 4 – Acquisition of (ADA) Cardano Once you've spotted 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). And now we are creating our Limit Order. The “Price” field will be filled automatically with the most latest rate Cardano (ADA) was traded for. You can change this to your desired rate. The field with the “Amount” tag is the volumen of ADA you want to purchase. The field with the “Total” tag is the total price in BTC that you'll settle for the complete amount of ADA. If you are satisfied, make a mouse click on “Buy ADA”. Your plan will be filled when 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 crypto coins on an Exchange for an longer time period. In order to take off your Cardano (ADA), hover over the tab called “Funds” and mouse click on “Withdraw”. Cardano (ADA) can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate Cardano (ADA) by using the provided drop-down box. Enter the amount of Cardano (ADA) you'd like to withdraw. Take into account the presented fees/minimums. Also make sure you have entered your right withdraw address. When you're glad, make a mouse click on “Submit”. You could be requested for phone/email verification ahead of a withdrawal.