A Step-by-Step-Guide on how to buy Cardano (ADA) in Rwanda
Step 1 – Signup to CEX.io You will first need to buy one of the major currencies. Exchanges commonly accept either Bitcoin or Ethereum in exchange for alternative Coins. Follow the Link below to register and to get your first Bitcoin or Ethereum.
Step 2 – Transfer Your Funds to an Exchange Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Exchange now. All exchanges have a deposit form that is similar. Cardano (ADA) is accessible on Binance, so we will use that as an illustration. Unsure on how to send funds from Coinbase to an Crypto Trader? (Just follow this manual) Make sure you've selected the correct coin you wish to deposit. BTC must be sent to a BTC deposit address, Ethereum to an ETH deposit address, etc. If you're using a decentralized exchange, like Airswap or DDEX could be different (Just follow our manual).
Step 3 – Locate (ADA) Cardano As soon as your deposit has been affirmed, you will immediately have access to your finances and you can initiate buying and trading. To purchase (ADA) Cardano on Binance, you'll want to go to the “Exchange” tab and after that mouse click on “Basic”. To spot Cardano (ADA), you'll need to put the short name of the asset (ADA) into the search box, which is highlighted in the image. Make sure you have choosen the correct pairing, we have marked this also. Click on “ADA/BTC” to continue.
Step 4 – Buying (ADA) Cardano Once you've discovered Cardano (ADA), 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're going to make our own Limit Order. The “Price” field will be automatically filled with the most recent rate Cardano (ADA) was sold for. You can change this to your desired price. The “Amount” field is the amount of ADA you wish to buy. The field with the “Total” tag is the aggregated price in Bitcoin that you'll settle for the complete amount of ADA. If you are glad, make a mouse click on “Buy ADA”. Your plan will be filled when a Vendor trades their ADA for the price you submitted.
Step 5 – Withdraw Cardano (ADA) Unless you're frequently trading, never keep your crypto on an Cryptocurrency Exchange for an extended time frame. In order to take off your (ADA) Cardano, go to the “Funds” tab and mouse click on “Withdraw”. (ADA) Cardano can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find Cardano (ADA) by using the provided drop-down box. Enter the volumen of Cardano (ADA) you'd like to take off. Don't forget the demonstrated fees/minimums. Also make sure you have filled your right withdraw address. If you are glad, make a mouse click on “Submit”. You could be asked for email/phone verification before a withdrawal.