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How to buy Cardano on Coinbase?

 


What is Cardano?

Cardano is a blockchain network that uses the proof-of-stake consensus mechanism and offers smart contract functions. The blockchain is constantly evolving and relies on scientific analyzes of blockchain problems. Cardano is being further developed according to evidence-based methods.

Ethereum co-founder Charles Hoskinson is behind Cardano. The project was launched in 2017 and received a lot of attention in the late 2017 bull market. Cardano wants to be the most technologically mature blockchain on the market and in the future wants to attack Ethereum’s leadership in decentralized applications.

What is Coinbase?

Coinbase is one of the most famous and largest crypto exchanges out there. The company was founded in 2012, making it one of the most established modern trading platforms for cryptocurrencies. The company is based in San Francisco, California. You can purchase cryptocurrencies from Coinbase on the website and in the mobile app. 

Now you have the opportunity to buy Cardano's ADA token cheaply. Buy the ADA easily on Coinbase !


How to buy Cardano (ADA) on Coinbase ?

Coinbase offers around 100 cryptocurrencies for purchase and trading. Among them is the ADA token from Cardano. We explain how you can buy Cardano (ADA) on the Coinbase exchange.


How do I register with Coinbase to buy Cardano?

Go to the Coinbase homepage via this link ! Then go to Get Started in the top right corner .


Coinbase registration

Enter your email and a password here ! You will then receive an e-mail in which you click on the confirmation link.


As a next step, Coinbase will ask you to confirm your phone number . You will receive the confirmation code via SMS.


The last step is to enter your name, place of residence, tax number and occupation.


How do I verify myself at Coinbase?

To take full advantage of trading on Coinbase and easily purchase Cardano (ADA), you should confirm your identity. You confirm:

your identity with your ID or passport whose picture you are uploading

your place of residence by uploading a document with your address (rental agreement, electricity bill, etc.).

How do I deposit funds into Coinbase?

You can add multiple payment methods to Coinbase . To do this, go to settings , then to payment methods and then to add payment method ! Then choose between bank transfer, PayPal and credit card!

How to buy Cardano (ADA) on Coinbase?

Once you have deposited funds, you can now purchase Cardano (ADA) from Coinbase . Go to Trade in the left menu bar!


All available cryptocurrencies will now be displayed. Now scroll down until you find Cardano on Coinbase ! Then click on Buy to the right of the coin !

Select the wallet you want to pay with (most likely Euro Wallet)! Then click Buy and confirm the purchase!

You have now purchased Cardano's ADA token on Coinbase.

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