How to Buy Cardano (ADA) in Latvia

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

Step 1 – Signup to CoinbaseGet Free $10

You'll first need to purchase one of the bigger coins. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Click below to register and receive your first $10.

Step 2 – Send Your Ethereum or Bitcoin to an Exchange

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 similar. Cardano (ADA) is available on Binance, so we're going to use that as an example. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow this how-to)

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

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, etcetera. If you're using 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 verified, you will directly have access to your finances and you can initiate purchasing and trading. To invest in (ADA) Cardano on Binance, you will want to hover over the tab which is calledExchangeand then mouse click onBasic”.

To discover Cardano (ADA), you will need to insert the cointype (ADA) into the search box, which is highlighted in the picture. Make sure you have selected the correct grouping, we have highlighted this too. Click onADA/BTCto advance.

Step 4 – Buy (ADA) Cardano

After you've spotted (ADA) Cardano, you will be given a Price Chart (in the Center of the image) and a few Order Books (Leftside of the picture). For now we're going to create our Limit Order.

The field with thePricetag will be filled with the most latest rate Cardano (ADA) was sold for. You can change this to your desired rate. TheAmountfield is the volumen of ADA you like to purchase. TheTotalfield is the whole price in Bitcoin that you will settle for the complete volumen of ADA.

When you are satisfied, click onBuy ADA”. Your order will be filled when a Vendor sells their ADA for the price you introduced.

Step 5 – Withdraw (ADA) Cardano

Unless you are regularly trading, you should never keepyour crypto coins on an Crypto Trader for an extended time frame. In order to withdraw your Cardano (ADA), go to the tab calledFundsand click onWithdraw”. (ADA) Cardano can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Cardano (ADA) by using the given drop-down box. Put into the amount of (ADA) Cardano you would like to take off. Take into account the presented minimus/fees. Also make sure you have entered your precise withdraw address.

If you are glad, click onSubmit”. You may be asked for verfication via phone/email before a take off.

Congratulations! You have successfully bought and safed (ADA) Cardano in Latvia.

That's it!

Take offs from Cryptocurrency Exchange can durate anywhere from 1 – 30 minutes (rely on network usage). As soon as you have proved your withdrawal using Ethplorer.io or Etherscan.io and the Cardano (ADA) is stored inside your wallet, you are done.