How to Buy Cardano (ADA) in Uruguay

A Step-by-Step-Guide on how to buy Cardano (ADA) in Uruguay

Step 1 – Signup to Kraken

You'll first need to purchase one of the top-tier currencies. Exchanges usually accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Click the button below to register and getting your welcome Ethereum (ETH) or Bitcoin (BTC).

Step 2 – Transfer Your Bitcoin or Ethereum to an Exchange

Your Bitcoin or Ethereum has to be sent over to an Cryptocurrency Exchange 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 example. Not sure on how to send funds from Coinbase to an Exchange? (Follow this how-to)

Make sure you have selected the precise coin you want to deposit.

BTC must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etcetera. If you're dealing with a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow these easy steps).

Step 3 – Locate Cardano (ADA)

Once your deposit has been confirmed, you'll now have access to your finances and you can commence purchasing and trading. To invest in Cardano (ADA) on Binance, you will want to hover over the “Exchange” tab and click on “Basic”.

In order to spot (ADA) Cardano, you'll need to put the short name of the asset (ADA) into the search-box, which is highlighted in the picture. Be certain of having choosen the correct pairing, we've highlighted this also. Click on “ADA/BTC” to advance.

Step 4 – Buying Cardano (ADA)

As soon as you have found (ADA) Cardano, you will be presented with a Price Chart (in the Center of the image) and a few Order Books (on the Left of the image). For now we're creating our own Limit Order.

The field with the “Price” tag will be filled automatically with the up-to-date rate (ADA) Cardano was traded for. This can be changed to your desired rate. The field with the “Amount” tag is the amount of ADA you wish to purchase. The field with the “Total” tag is the total price in Bitcoin that you'll settle for the complete volumen of ADA.

If you are happy, make a mouse click on “Buy ADA”. Your order will be filled as soon as a Vender trades their ADA for the price you offered.

Step 5 – Withdraw (ADA) Cardano

Unless you're regularly trading, you should never keepyour crypto on an Crypto Exchange for an extended period of time. In order to withdraw your (ADA) Cardano, go to the “Funds” tab and mouse click on “Withdraw”. Cardano (ADA) can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find (ADA) Cardano by using the provided drop-down box. Enter the quantity 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.

If you are satisfied, make a mouse click on “Submit”. You may be requested for verfication via email/phone before a withdrawal.

Kudos! You've successfully bought and stored (ADA) Cardano in Uruguay.

That's it!

Take offs from Crypto Exchange can durate between 1 – 30 minutes (rely on usage of the network). As soon as you've proved your take off with Ethplorer.io or Etherscan.io and the (ADA) Cardano is stored within your wallet, you are done.