How to buy Cardano (ADA) – a step by step guide

Cardano is a decentralised public blockchain and cryptocurrency project that is fully open source.

This guide is not, and should not be regarded spil ‘investment advice’ or spil a ‘recommendation’ regarding a course of act.

Note: Photos can be clicked to see a larger version. If you’re confused by any terms used, a glossary can be found here.

Very first wij need to set up a wallet to store the Cardano (ADA) you’re about to buy.

Choose the verkeersopstopping that works for your laptop and download it.

Once it has downloaded, install the program.

Run the program. It will be called ‘Daedalus’ on your rekentuig.

Select your language and press ‘Proceed’.

Agree to the terms of use by clicking the check opbergruimte and press ‘Proceed’.

You’re given the option to send logs to the developers of Daedalus regarding your usage of the wallet. Choose if you’d like to or not.

The wallet will now sync with the Cardano blockchain. Be patient spil this can take some time (te our practice about 40 minutes).

Once the sync has ended the program will be fully operational.

Press ‘Create a fresh wallet’.

Give the wallet an demonstrable name, for example ‘My Cardano Wallet’.

Press ‘Activate to create password’.

This will open some input boxes. Inject a strong password (that you won’t leave behind!). It needs to be at least 7 characters long, and have at least 1 uppercase, 1 lowercase letterteken and 1 number.

Press ‘Create individual wallet’.

You will be informed that you’re about to get a recovery phrase.

Tick the opbergruimte to confirm no-one else is watching your screen right now.

You will be given a 12 word phrase.

It’s very significant that you write this down correctly and keep it somewhere very safe. You’ll need it to open your wallet ter future. If anyone gets a hold of this phrase they can open your wallet and take your coins.

Once you’ve secured your passphrase press ‘Yes, I have written it down’.

You will be prompted to recreate your passphrase using the words provided. Click the words ter the order they show up on your stored passphrase.

Once you’ve done so, you will be given two warnings that you have to click to agree that you understand. Make sure you read thesis warnings and understand them.

Once you do, press ‘Confirm’.

Your wallet is now open.

You will be given your wallet address. It looks like a long string of numbers of letters. Copy this address somewhere safe spil wij’ll need it soon.

Now wij’ll purchase the popular cryptocurrency Ethereum, so that wij can exchange it for Cardano (if you already own Ethereum you can skip ahead).

Choose which Ethereum exchange you’d like to use (by clicking on the logo), and the guide will proceed:

  • Operates ter 32 countries.
  • Accepts debit & credit cards and handelsbank transfers.
  • Can have low buy boundaries at very first, increases with use.
  • ID verification required.
  • Worldwide coverage, 99% of countries.
  • Accepts debit/credit cards and handelsbank transfers.
  • High initial buy boundaries compared to other exchanges.
  • ID verification required.

If you use this listig to sign up to Coinbase wij’ll both receive ten dollars of free coins when you spend overheen $100 (or the omschrijving ter your currency).

Press the ‘sign up’ button and pack out your name (make sure this is exactly how it’s written on your photo ID), email, password and location.

Just like a US handelsbank, Coinbase is regulated by the US government, and has to go after rigorous financial rules. So they take verifying your identity very earnestly. It’s a ache, but it does give Coinbase a reputation for being the most trusted way to convert fiat currency to cryptocurrency.

To verify your account you vereiste supply a phone number, upload an pic of your photo ID and verify a credit/debit card or handelsbank account before you can buy.

Note: If you have problems verifiying your ID using your pc, attempt downloading the Coinbase app (on Iphone or Android), signing into your Coinbase account and verifying your ID using your phone camera.

Using a credit/debit card on Coinbase means higher fees but offers instant purchasing. Using a canap transfer is cheaper but slower (taking up to a week to get your coins).

Once your payment details are verified, click ‘buy/sell’ on the top menukaart.

Select ‘Ethereum’, and at the bottom of the pagina choose how much to spend ter your local currency / how many coins you want to buy.

Once you’re blessed with the amount, click the big ‘Buy’ button.

You’ll be asked to confirm your purchase.

Press the ‘Confirm Buy’ button.

Congratulations! You now own some Ethereum. But don’t close Coinbase yet, wij’re going to need it again te a few minutes.

Related movie: #TUTORIALBTC : Como converter doge, dash, bytecoin, ethereum em bitcoin com o changer

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