A Step-by-Step-Guide on how to buy Cardano (ADA) in West Bank
Step 1 – Signup to CEX.io In the beginning you'll need to buy one of the major currencies. Exchanges commonly accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Click below to register and receive your first ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Transmit Your Ethereum or Bitcoin to an Exchange Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is similar. Cardano (ADA) is obtainable on Binance, so we will use that as an example. Unsure on how to send Coinbase funds to an Crypto Trader? (Just follow this manual) Make sure you have selected the right coin you want to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, etcetera. If you are dealing with a decentralized exchange, like Airswap or DDEX could be opposed (Follow our manual).
Step 3 – Locate Cardano (ADA) As soon as your deposit has been confirmed, you will directly have access to your finances and you can launch buying and trading. To buy (ADA) Cardano on Binance, you'll want to go to the tab which is called “Exchange” and then mouse click on “Basic”. In order to find (ADA) Cardano, you'll need to insert the shortname of the coin (ADA) into the search-box, which is marked in the graphic. Be certain of having choosen the proper grouping, we have highlighted this also. Click on “ADA/BTC” to advance.
Step 4 – Buy (ADA) Cardano Once you have found (ADA) Cardano, you'll be presented with a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the image). And now we're making our Limit Order. The “Price” field will be filled with the latest valuation Cardano (ADA) was sold for. You can change this to your preferred price. The field with the “Amount” tag is the quantity of ADA you like to purchase. The field with the “Total” tag is the whole price in BTC that you'll pay for the complete quantity of ADA. If you are happy, click on “Buy ADA”. Your plan will be filled when a Seller sells their ADA for the price you submitted.
Step 5 – Withdraw (ADA) Cardano Unless you are frequently trading, you should never keepyour crypto on an Exchange for an longer time period. In order to take off your (ADA) Cardano, go to the “Funds” tab and mouse click on “Withdraw”. Cardano (ADA) can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find (ADA) Cardano by using the given drop-down box. Drop in the volumen of Cardano (ADA) you'd wish to withdraw. Take into account the displayed fees/minimums. Also make sure you have entered your precise withdraw address. When you are satisfied, click on “Submit”. You may be requested for verfication via email/phone ahead of a take off.