How to Buy Cardano (ADA) in United Arab Emirates

A Step-by-Step-Guide on how to buy Cardano (ADA) in United Arab Emirates

Step 1 – Join Kraken

You will first need to buy one of the top-tier coins. Exchanges commonly accept either Ethereum or Bitcoin in exchange for Altcoins. Click below for registration and receive your welcome ETH (Ethereum) or BTC (Bitcoin).

Step 2 – Transmit Your Funds to an Crypto Trader

Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is identical. Cardano (ADA) is available on Binance, so we're going to use that as an sample. Not sure on how to send Coinbase funds to an Exchange? (Just follow this how-to)

Make sure you've chosen the exact coin you would like to deposit.

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

Step 3 – Find Cardano (ADA)

As soon as your deposit has been affirmed, you will instantly have access to your finances and you can launch buying and trading. To purchase Cardano (ADA) on Binance, you will want to go to the tab which is called “Exchange” and mouse click on “Basic”.

In order to locate (ADA) Cardano, you'll need to insert the short name of the asset (ADA) into the search-box, which is highlighted in the image. Make sure you have selected the right pairing, we have marked this too. Click on “ADA/BTC” to progress.

Step 4 – Buying Cardano (ADA)

As soon as you have spotted (ADA) Cardano, you'll be given a Price Chart (in the Center of the picture) and some Order Books (Leftside of the picture). And now we're going to create our own Limit Order.

The field with the “Price” tag will be filled automatically with the latest valuation (ADA) Cardano was sold for. This can be changed to your desired rate. 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 pay for the whole quantity of ADA.

If you are satisfied, click on “Buy ADA”. Your plan will be filled when a Seller trades their ADA for the price you gave.

Step 5 – Withdraw (ADA) Cardano

Unless you are trading, best advise is not to keep your crypto coins on an Crypto Trader for an extensive period of time. In order to withdraw your Cardano (ADA), go to the “Funds” tab and mouse click on “Withdraw”. Cardano (ADA) can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find (ADA) Cardano by using the provided drop-down box. Drop in the volumen of Cardano (ADA) you would wish to withdraw. Don't forget the demonstrated fees/minimums. Also make sure you have entered your right withdraw address.

When you are happy, click on “Submit”. You could be asked for phone/email verification before a take off.

Congrats! You've successfully bought and stored Cardano (ADA) in United Arab Emirates.

That's it!

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