How to Buy Cardano (ADA) in Philippines

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

Step 1 – Signup to CEX.io

In the beginning you'll need to buy units of the major coins. Exchanges commonly accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Click the button below to register and receive your first Ethereum (ETH) or Bitcoin (BTC).

Step 2 – Transfer Your Ethereum or Bitcoin to an Cryptocurrency Exchange

Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is similar. Cardano (ADA) is accessible on Binance, so we will use that as an example. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow this guide)

Make sure you have chosen the precise coin you would like to deposit.

Bitcoin must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so forth. In the case you are working with a decentralized exchange, such as Airswap or DDEX could be divergent (Follow these easy steps).

Step 3 – Find (ADA) Cardano

Once your deposit has been confirmed, you'll instantly have access to your assets and you can commence purchasing and trading. To purchase Cardano (ADA) on Binance, you will want to hover over the tab which is called “Exchange” and click on “Basic”.

In order to discover Cardano (ADA), you'll need to put the short name of the asset (ADA) into the search box, which is marked in the picture. Make sure you have choosen the proper grouping, we have marked this too. Click on “ADA/BTC” to progress.

Step 4 – Buying Cardano (ADA)

As soon as you have spotted Cardano (ADA), you will be presented with a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the picture). Next we're going to make our Limit Order.

The field with the “Price” tag will be filled with the most latest price Cardano (ADA) was traded for. This can be changed to your desired price. The “Amount” field is the quantity of ADA you like to purchase. The field with the “Total” tag is the whole price in Bitcoin that you will settle for the complete volumen of ADA.

When you're happy, click on “Buy ADA”. Your plan will be filled as soon as a Vender trades their ADA for the price you offered.

Step 5 – Withdraw Cardano (ADA)

Unless you are frequently trading, you should never keepyour coins on an Exchange for an extended time frame. In order to withdraw your Cardano (ADA), hover over the “Funds” tab and mouse click on “Withdraw”. Cardano (ADA) can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Cardano (ADA) by using the provided drop-down box. Drop in the quantity of (ADA) Cardano you'd like to take off. Take into account the presented fees/minimums. Also make sure you have filled your right withdraw address.

When you are happy, click on “Submit”. You may be requested for phone/email verification ahead of a withdrawal.

Kudos! You have successfully purchased and stored Cardano (ADA) in Philippines.

That's it!

Withdrawals from Cryptocurrency Exchange can take between 1 – 30 minutes (rely on network usage). Once you have confirmed your withdrawal using Etherscan.io or Ethplorer.io and the Cardano (ADA) is stored within your wallet, you're done.