How to Buy Cardano (ADA) in Venezuela

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

Step 1 – Signup to Kraken

You'll first need to purchase one of the bigger currencies. Exchanges usually accept either Ethereum or Bitcoin in exchange for Altcoins. Click below for registration and receive your welcome Ethereum or Bitcoin.

Step 2 – Transfer Your Bitcoin (BTC) or Ethereum (ETH) to an Crypto Trader

Your Ethereum or Bitcoin has to be sent over to an Exchange now. Every exchange has a deposit form that is similar. Cardano (ADA) is accessible on Binance, so we're going to use that as an illustration. Not sure on how to send Coinbase funds to an Exchange? (Just follow these easy steps)

Make sure you've selected the precise coin you would like to deposit.

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, etc. 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 affirmed, you'll instantly have access to your funds and you can start invest and trading. To buy Cardano (ADA) on Binance, you'll want to hover over the tab which is called “Exchange” and then 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 marked in the image. Make sure you have selected the correct pairing, we have marked this also. Click on “ADA/BTC” to go ahead.

Step 4 – Buying (ADA) Cardano

After you've discovered (ADA) Cardano, you will be given a Price Chart (in the Center of the image) and some Order Books (on the Left of the picture). Next we are creating our own Limit Order.

The “Price” field will be automatically filled with the most recent price Cardano (ADA) was sold for. This can be changed to your favoured rate. The field with the “Amount” tag is the amount of ADA you want to buy. The field with the “Total” tag is the whole price in Bitcoin that you will pay for the complete quantity of ADA.

If you're happy, make a mouse click on “Buy ADA”. Your plan will be filled when a Vendor trades their ADA for the price you gave.

Step 5 – Withdraw (ADA) Cardano

Unless you're regularly trading, never keep your crypto on an Crypto Exchange for an longer time frame. To withdraw your (ADA) Cardano, hover over the “Funds” tab and mouse click on “Withdraw”. Cardano (ADA) can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find Cardano (ADA) by using the given drop-down box. Drop in the quantity of (ADA) Cardano you'd like to withdraw. Don't forget the demonstrated fees/minimums. Also make sure you have entered your correct withdraw address.

When you are happy, click on “Submit”. You could be requested for verfication via phone/email before a withdrawal.

Kudos! You've successfully purchased and safed Cardano (ADA) in Venezuela.

That's it!

Withdrawals from Exchange can take anywhere from 1 – 30 minutes (depending on usage of the network). Once you've confirmed your withdrawal with Etherscan.io or Ethplorer.io and the (ADA) Cardano is stored in your wallet, you are finished.
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