How to buy and store Cardano(ADA) step by step


#1

Hello , i’m LionSec . If you are new on cardano and don’t know how to easily buy some ADA coins. Just follow this tutorial.

First of all , you have to know that nowadays you can’t directly buy ADA with your credit card or paypal. So, you have to buy some bitcoins or ethereums and then use an exchange platform(i will use binance.com) to acquire some ADA. Due to bitcoin’s high transactions fees , i recommend to buy ethereum.

Step 1: Buying some ETH

For that, you can use websites like cex.io, coinmama , or coinbase. I will use Coinbase ( coinbase.com) .

Create an account and verify your identity to be able to purchase.

Using a Web Browser

  1. Go to the Buy/Sell page.
  2. Set the currency to Ethereum.
  3. Enter the amount in ETH or your local currency that you wish to buy.
  4. Select your desired payment method.
  5. Confirm the order is correct and click Buy Ethereum.

Using the iOS & Android Apps

  1. Tap the menu icon near the top left of the screen to open the Navbar.
  2. Select Buy from the Navbar.
  3. Set the currency to Ethereum.
  4. Enter the amount in ETH or your local currency that you wish to buy.
  5. Select your desired payment method.
  6. After reviewing your order, tap Buy Ethereum.

Step 2: Sending your ETH to binance

Go to binance.com an create an account.

Then go to >> Funds >> Deposits Withdraws >>

Locate ETH and click the “Deposit” button.
card3

This action will show your binance’s ETH wallet address.

Copy it or scan the qr code ; then go back to coinbase and send your coins to that address.
!!!Becarefull about clipboard hijacking malwares , verify you paste the correct address!!!

If all run good, after some minutes you will get your coins on binance.

Step 3: Buying ADA COINS !!!

  1. Go to the exchange section.

VV

  1. Then choose ADA/ETH.

  1. To buy some ADA just insert an amount or use “%” option to select how many percent of your ETH you want to exchange to ADA : and click to “Buy ADA”.

CARD6

That is all :blush:.

Personaly , i don’t recomend you to store your coins online. Because if the website go down you lose your coins :sob:.

To store them , use DAEDALUS (https://daedaluswallet.io) , the official ADA wallet , and send your coins from binance to it.

daedalus-user-interface-1-layout

Look at this tutorial about how to install and use deadalus.

Save your recovery phrase in order to restore if you have any kind of problem.

Regards. LionSec


I Had written a helpful guide for purchasing ADA and it was removed in favor of other guides that use referral links without disclosure. I thought this was supposed to be a community effort? Not kind at all
#2

I like the way you structure your tutorials, can you do one on recovering a wallet. I think it would benefit a lot of people if there was a clear post to direct them to. Cheers.


#3

that is an good idea . i will work on that . regards


#4

Nice tutorial, thank you.


#5

You are welcome


#6

Nice tutorial @LionSec. That Daedalus screenshot looks impressive.


#7

@romeomikedelta You are welcome . I wish it were my wallet :sweat_smile: