A Step-by-Step-Guide on how to buy Cardano (ADA) in Trinidad And Tobago
Step 1 – Join Coinbase – Get Free $10 In the beginning you'll need to purchase one of the bigger currencies. Exchanges normally accept either Bitcoin or Ethereum in exchange for alternative Coins. Click the button below to register and receive your first 10$.
Step 2 – Transmit Your BTC (Bitcoin) or ETH (Ethereum) to an Exchange Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is alike. Cardano (ADA) is obtainable on Binance, so we're going to use that as an example. Not sure on how to send funds from Coinbase to an Crypto Trader? (Follow these easy steps) Make sure you have selected the exact coin you would like to deposit. BTC must be sent to a BTC deposit address, ETH to an Ethereum deposit address, etcetera. In the case you are dealing with a decentralized exchange, such as Airswap or DDEX could be different (Just follow our manual).
Step 3 – Find (ADA) Cardano Once your deposit has been affirmed, you will directly have access to your assets and you can initiate buying and trading. To purchase (ADA) Cardano on Binance, you will want to go to the tab which is called “Exchange” and then click on “Basic”. To find Cardano (ADA), you will need to put the cointype (ADA) into the search box, which is highlighted in the image. Make sure you have selected the proper grouping, we have highlighted this too. Click on “ADA/BTC” to proceed.
Step 4 – Purchase Cardano (ADA) Once you have found Cardano (ADA), you'll be presented with a Chart with Prices (in the Center of the image) and some Order Books (on the Left of the picture). For now we are creating our Limit Order. The “Price” field will be filled with the most latest rate (ADA) Cardano was traded for. You can change this to your favoured rate. The field with the “Amount” tag is the amount of ADA you want to purchase. The field with the “Total” tag is the total price in BTC that you'll settle for the whole quantity of ADA. When you are happy, click on “Buy ADA”. Your order will be filled when a Vendor sells their ADA for the price you submitted.
Step 5 – Withdraw (ADA) Cardano Unless you are regularly trading, best advise is not to keep crypto on an Exchange for an longer time period. To take off your (ADA) Cardano, go to the “Funds” tab and mouse click on “Withdraw”. (ADA) Cardano can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find (ADA) Cardano by using the provided drop-down box. Drop in the quantity of Cardano (ADA) you would wish to take off. Don't forget the shown fees/minimums. Also make sure you have filled your right withdraw address. If you are glad, click “Submit”. You may be requested for verfication via phone/email before a take off.