How to Buy Cardano ADA Coin 2018 – Where to Buy Cardano ADA Coin?

How to Buy Cardano (ADA) Coin 2018 – Cardano is booming! Cardano or its token name is ADA is currently in top 5 in CoinMarketCap with 26 Billion USD in market cap and it has great potential to go up in future. A lot of our reader have been requesting us on to write an article on How to Buy Cardano coin or How to buy Ada coin without losing much money in fees and stuff. 

how to buy cardano ada

Cardano is a great coin with really good technology backing it up. We are having Cardano in our portfolio and we have no plans of selling it. we will definitely hodl it until the end of the year. In this article, we are teaching you on How to Buy Cardano or How to buy ADA coin using Binance or Gate.io

What is Cardano ADA Coin? (IGNORE IF YOU ALREADY KNOW)

Cardano or ADA is a cryptocurrency which can be used to send and receive funds digitally using blockchain technology. As mentioned in the Cardano official website, Cardano is more than Cardano is more than just a cryptocurrency, however, it is a technological platform that will be capable of running financial applications currently used every day by individuals, organizations, and governments all around the world. The platform is being constructed in layers, which gives the system the flexibility to be more easily maintained and allow for upgrades by way of soft forks. After the settlement layer that will run Ada is complete, a separate computing layer will be built to handle smart contracts, the digital legal agreements that will underpin future commerce and business. Cardano will also run decentralized applications, services not controlled by any single party but instead operate on a blockchain. 

How to Buy Cardano (ADA) Coin 2018 – Buying Cardano Step by Step Guide

Requirements to Buy Cardano ADA coin

  • Cardano Wallet
  • Bitcoin or Ethereum
  • Binance Account or Gate.io Account (Binance is recommended)

Read This : Best Bitcoin Cash Wallets 

Best Cardano ADA Wallet

Ledger Nano S (Recommended Wallet)

Ledger Nano S is a hardware wallet which is super good. It is almost impossible to hack this wallet because it is a hardware wallet. Ledger Nano S Supports all the major cryptocurrencies so you only need to buy it once and you can store all your coins in it. It supports all the major coins such as bitcoin, Ethereum, Litecoin, Cardano, Tron and other cryptocurrencies.

(METHOD 1) How to Buy Cardano (ADA) Coin 2018 – Buying Cardano Step by Step Guide using Binance

1. Buy Bitcoin or Ethereum 

Firstly, you need to buy Bitcoin or Ethereum to buy Cardano because you cant use your fiat currency which is your normal currency that you use such as US Dollar or Euro or Indian Rupees. 

These are the best place to buy Bitcoin (BTC)

These are the best place to buy Ethereum (ETH)

  • Coinbase (You will get free $10 worth of ETH if you buy ETH for $100)

2. Register and get a Binance account

After you brought Bitcoin or Ethereum, you need to register and get a binance account. Why Binance?you might ask. Binance is the No 1 Exchange Platform currently. You can easily exchange your bitcoin or ethereum to Cardano ADA coin using binance easily.

Click Here to Register a Binance Account

3. Deposit Bitcoin or Ethereum in Binance

After creating an account in binance, you need to deposit BTC or ETH in your binance account to buy Cardano ADA coins.

To Deposit BTC or Eth in Binance

  1. Top Right Hand Side, You will find Funds, in Funds drop-down click on Deposit and Withdrawal

Binance Deposit ADA 2. Search for Bitcoin or Ethereum coin

3. Click on deposit

4. You will get a Bitcoin or Ethereum Deposit Address

5. Copy the address and transfer the required Bitcoin or Ethereum from Coinbase or LocalBitcoin to that Bitcoin or Ethereum address.

Read This : 5 Best Ripple Wallets

4. Buy Cardano ADA Coin

After depositing your BTC or ETH to Binance, now you can buy Cardano coin in Binance.

To Buy Cardano ADA Coin
  1. Click on Exchange in Left Side Top, in drop-down click on basic.
  2. Select BTC or ETH on the right side.
  3. Click on ADA/BTC if you are buying using Bitcoin or Click on ADA/ETH if you are buying using Ethereum.
  4. Enter Price and Amount.
  5. Click Buy ADA.

(METHOD 2) How to Buy Cardano (ADA) Coin 2018 – Buying Cardano Step by Step Guide using Gate.io

1. Buy Bitcoin  

Firstly, you need to buy Bitcoin to buy Cardano because you cant use your fiat currency which is your normal currency that you use such as US Dollar or Euro or Indian Rupees. 

These are the best place to buy Bitcoin (BTC)

2. Register and get a Gate.io account

After buying Bitcoin or Ethereum, the next step is to register an account at Gate.io and Sign in.

3. Deposit Bitcoin into Gate.io Account

After creating an account in gate.io, you need to deposit BTC in your gate.io account to buy Cardano ADA coins.

To Deposit Bitcoin into Gate.io
  1. Click on Wallets on the top left side.
  2. In Bitcoin BTC, click on deposit.
  3. You will get a Bitcoin Deposit Address
  4. Copy the address and transfer the required Bitcoin from Coinbase or LocalBitcoin to that Bitcoin deposit address.

4. Buy Cardano ADA Coin

After depositing your BTC to Gate.io, now you can buy Cardano coin in gate.io.

To Buy Cardano ADA Coin
  1. Click on Markets in Left Side Top, in drop-down click on BTC Market and Select ADA
  2. Enter Price and Amount.
  3. Click Buy ADA.

That’s it, this is how to buy Cardano or How to buy ADA coin. It is very easy and simple. Just follow the step by step guide and you are good to go. If you like this article please share it with your friends via Social Networking sites. Thank You.

Leave a Comment