It’s generally considered to be safer to keep control over your own assets, therefore transferring them to a wallet which you control. Daedalus is currently just a wallet but in the future it will be home to the Dapp store for the Cardano network as well as allowing you to stake your asset for the PoS implementation.
Daedalus is available here
The fee is around 0.2 ADA, so just a couple of pence.
Binance was added yesterday with BTC and ETH pairings which joins Bittrex who recently also added the ETH pair.
The roadmap is being updated tonight, in just over an hour so we may get more info on upcoming exchanges.
Thanks @Justice0320!! This does help! I have Daedalus Wallet installed.It took a while but I’m hoping that’s the proprieratry nature of the beast.
I’m just concerned about fees back and forth between the exchanges. This new one “Binance” looks interesting thanks for the info. I’ll take a look. What about iOS apps and the like? anuy thoughts?
I’m new to the crypto world. Sorry if I ask stupidly.
I bought ADA at Bittrex and sent 10% to my wallet. It went really fast, nice. I would like to transfer the rest from Bittrex, but I have questions. I fear not to be able to access my coins. But I do not like to have them on bittrex
I need a new computer, how do I access my wallet?
I have not received any certificate, is that a problem?
Basically, as long as you have your 12 word recovery phrase you can recover your wallet. This acts as the verification. You would select Add wallet, then chose to recover. Just make sure you keep your 12 word phrase safe.
In addition to other good reply, you havo to know that the coin are not stored inside wallet. They are stored very very very securely in the blockchain.
Think at the wallet as point of access for your coins.
This means that if you hold the word (AND YOU MUST!!), you can access the money anytime anywhere! Also in a new wallet that you install on a new pc.
If you do not want to trade ADA, my suggestion is to get the money from Exchane to your wallet because if you leave the money in the exchange, you do not hold full control. If the exchange quit, you loose all.
On transaction fees, they are very, very cheap. POS is so cheap to run. This is why IOHK put so much effort into proving its security. Fun fact, the fees were set to the highest estimate (done by the math guys) for the bootstrap era. We will have a better fee number after more modeling.
oi_jeremy, I am trying to buy Cardano for 6 days now. I want to buy from USD to bitcoin to ADA but I could not see how to that. I tried to buy Bitcoin but I was unsuccessful. Could you help me out giving me some direction? Coinbase does not accept me because I am in Denmark, and I could not buy bitcoin on Bittrex. I do not know what to do. I am serious about this.
As long as you get the bitcoin, you can flip it to Ada. I think (but do not endorse, never used it) coinswap has Ada and you don’t need an account. Perhaps there is a local bitcoin meetup you can go and learn more? I am not sure what exchange are in Denmark.
But the basic thing is you need to find a place to swap fiat for bitcoins or Ada. Find an exchange that takes deposits or visit a bitcoin meetup.
The only thing I was able to find here was Localbitcoin, but it is not safe. I would like to exchange my fiat for bitcoin fast but safely and it has been 6 days now since I started. I live in a rural area in Denmark and it is difficult to find meetups around. I will try that anyway. Thank you.