How To Buy ADA?
A Guide on How to Setup your ADA Wallet & Purchase Cardano (ADA)
Want to purchase Cardano? Here's a brief step by step guide on how to Purchase Cardano tokens.
You can purchase ADA using two steps:
- 1.Through a centralized exchange like Binance, Kraken or KuCoin.
- 2.Through a Hardware and Software wallets like Ledger Nano X or Exodus Wallet.ㅤ
How to purchase ADA through a centralized exchange
Since Cardano is a top cryptocurrency project, it's offered on most large exchanges. Binance, Kraken and Coinbase are both solid options.
To purchase ADA from a centralized exchange you just need to setup, verify your account and then purchase ADA.
After you have purchased ADA, you will need to send your purchased ADA to a Cardano compatible wallet.
To use the wallets mentioned above, you will need to set up an ADA wallet.
- 1.Create a Wallet If you don't have a wallet already, you will need to create a new wallet account. With Yoroi you will need to personally name the wallet and choose Shelley Era, 24-word recovery phrase, account.
- 2.Generate your Seed Phrase In all cases you will need to create a seed Phrase, think of this as your master password and treat it as such. The seed phrase is everything and should be handled with the utmost care and security. Do not save it on your computer or in any digital device. Write it down in a notebook and and store it someplace secure.
- 3.You are ready to go! At this point you are ready to transfer funds to your wallet. If this is your first time, it might be a good idea to start by transferring only a few ADA to the wallet as a test to make sure that you've set up everything correctly. Always consult the official documentation and guidance.
How to transfer The Purchased ADA to your wallet?
- 1.Find your ADA Wallet address.
- 2.Copy or generate an address You will use this address to send your purchased ADA to your wallet.
- 3.Transfer the ADA to your wallet Once you have copied your wallet address then you can use it to transfer the ADA. Transfers are very fast and should be registered within under a minute.