A Step-by-Step-Guide on how to buy Cardano (ADA) in Reunion
Step 1 – Join Kraken In the beginning you'll need to buy one of the major currencies. Exchanges usually accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Click the button below for registration and getting your welcome Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Transfer Your BTC (Bitcoin) or ETH (Ethereum) to an Crypto Exchange Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is similar. Cardano (ADA) is obtainable on Binance, so we're going to use that as an example. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow this manual) Make sure you've selected the correct coin you would like to deposit. BTC must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etc. In the case you are working with a decentralized exchange, such as Airswap or DDEX could be opposed (Follow these easy steps).
Step 3 – Locate Cardano (ADA) As soon as your deposit has been approved, you will directly have access to your finances and you can start purchasing and trading. To invest in (ADA) Cardano on Binance, you will want to go to the “Exchange” tab and then click on “Basic”. In order to locate (ADA) Cardano, you will need to insert the short name of the asset (ADA) into the search-box, which is highlighted in the image. Be certain of having selected the right grouping, we've highlighted this also. Click on “ADA/BTC” to advance.
Step 4 – Buying Cardano (ADA) After you've discovered (ADA) Cardano, you'll be given a Price Chart (in the Center of the picture) and some Order Books (on the Left of the picture). For now we are making our Limit Order. The field with the “Price” tag will be filled automatically with the most latest price (ADA) Cardano was traded for. This can be changed to your favoured price. The field with the “Amount” tag is the amount of ADA you wish to buy. The “Total” field is the aggregated price in Bitcoin that you will pay for the whole amount of ADA. If you are glad, make a mouse click on “Buy ADA”. Your order will be filled as soon as a Vendor trades their ADA for the price you introduced.
Step 5 – Withdraw Cardano (ADA) Unless you're trading, best advise is not to keep your crypto coins on an Crypto Trader for an longer time frame. To withdraw your Cardano (ADA), go to the tab called “Funds” and click on “Withdraw”. (ADA) Cardano can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find (ADA) Cardano by using the provided drop-down box. Enter the amount of (ADA) Cardano you'd like to withdraw. Don't forget the demonstrated fees/minimums. Also make sure you have filled your right withdraw address. If you are satisfied, make a mouse click on “Submit”. You may be asked for email/phone verification before a withdrawal.