Cardano (ADA) has started 2018 on the right foot running up 80% before the first week of the new year closes. Founded in 2015, it started as an effort to change the way cryptocurrencies are designed and developed. To the many supporters it is hyped as the third generation blockchain technology, where Bitcoin (13X 2017) was the first and Ethereum was the second (~100X in 2017). Currently only at $1.28, now is a prime time to get a stake in the next generation of blockchain technology before prices start to surge even more.
To buy Cardano (ADA) you will need to first purchase Bitcoin (BTC) or Ethereum (ETH) on Coinbase and transfer it to Binance (an online cryptocurrency exchange trading hundreds of different coins). It is straight forward to do, just follow the below tutorial! You are on your way in owning a piece of the future!
Why Binance? Because they are the #1 exchange in the world (by volume) and you can start buying it right away without having to send verification documents. You may have to wait up to weeks if you sign up at other exchanges. By then, it might be too late.
You can scroll through this article and we've also provided quick navigation for you. But keep this article open during the process to ensure you are doing everything correctly.
In this tutorial, we are showing how to send your bitcoin from Coinbase to Binance. However, if you have your bitcoin elsewhere, it's the same process. You are sending your bitcoin to Binance in order to get Cardano. The user interface is just different on different sites.
***This is important: If this is your first time buying an alt coin, please keep this page open as you go through the steps to buying ADA. Although it is easy, it is always a good idea to follow the exact steps to ensure you are doing everything right***
1. Sign up for a Coinbase account here. If you already have a Coinbase account, skip to step 2.
2. Buy (a fraction of 1) bitcoin from Coinbase. If you already have bitcoin, skip to step 3.
Go to coinbase.com/buy and choose your payment source. If you use a credit card, the fees are extremely expensive. It is better to link your account to Coinbase to buy bitcoin. You don't have to buy one whole bitcoin. You can buy .01 bitcoins if you want.
3. Sign up for Binance by following the image instructions below
After signing up, they will send you an e-mail to confirm. And the best thing about Binance is that you don't have to wait for identity verification to start trading. You get to do it right away after you send your bitcoin there.
a. Go to Deposit Withdrawal on Binance
b. Search for bitcoin on the next row by searching for typing in btc in the search bar. Then hit the deposit button. Then copy the wallet address (#3 in the image below)
4. Now go back to Coinbase to send your bitcoin
Click on Accounts (#1) and then Send (#2) under bitcoin
5.Paste your Binance wallet address into the bitcoin field under Recipient
Double-check your Binance address to make sure that you are sending it to the correct address.
6. Once your bitcoin arrives, you can now trade.
a. Go back to Binance and click on Exchange and go to Basic
b. Type in the ADA in the search field. And then click on ADA/BTC when it appears
That's it! It's that easy. You probably have to wait 2-3 hours for your bitcoin to arrive in Binance. But once it is there, it's ready to go.