A Step-by-Step-Guide on how to buy Cardano (ADA) in Uganda
Step 1 – Signup to CEX.io In the beginning you'll need to purchase units of the bigger coins. Exchanges commonly accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for Altcoins. Follow the Link below to register and receive your welcome ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Send Your Bitcoin or Ethereum to an Crypto Exchange Your Ethereum or Bitcoin has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is identical. Cardano (ADA) is available on Binance, so we will use that as an illustration. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow this manual) Make sure you have selected the correct coin you wish to deposit. BTC must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, and so forth. If you're working with a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow these easy steps).
Step 3 – Locate (ADA) Cardano Once your deposit has been approved, you will immediately have access to your assets and you can launch invest and trading. To invest in Cardano (ADA) on Binance, you will want to hover over the “Exchange” tab and then click on “Basic”. To locate (ADA) Cardano, you will need to insert the short name of the asset (ADA) into the search-box, which is marked in the image. Be certain of having selected the correct pairing, we've marked this also. Click on “ADA/BTC” to progress.
Step 4 – Buy (ADA) Cardano After you have discovered (ADA) Cardano, you'll be given a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the image). For now we are going to make our own Limit Order. The field with the “Price” tag will be filled automatically with the up-to-date tariff Cardano (ADA) was traded for. You can change this to your desired price. The field with the “Amount” tag is the quantity of ADA you wish to purchase. The field with the “Total” tag is the whole price in Bitcoin that you will settle for the whole volumen of ADA. When you are happy, make a mouse click on “Buy ADA”. Your plan will be filled as soon as a Vendor trades their ADA for the price you gave.
Step 5 – Withdraw Cardano (ADA) Unless you're regularly trading, best advise is not to keep your coins on an Crypto Exchange for an longer time frame. To take off your (ADA) Cardano, hover over the tab called “Funds” and mouse click on “Withdraw”. (ADA) Cardano can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find (ADA) Cardano by using the given drop-down box. Drop in the amount of (ADA) Cardano you'd like to take off. Take into account the shown minimus/fees. Also make sure you have filled your right withdraw address. When you are glad, make a mouse click on “Submit”. You could be requested for phone/email verification before a take off.