How To Buy ADA
Read Our Guide on How to Download, Setup your ADA Wallet & Purchase Cardano
There are basically two ways to purchase ADA:
- 1.Through a centralized exchange like Binance or KuCoin.
- 2.Hardware and Software wallets like Ledger and Atomic Wallet.ㅤ
- 1.Create a Seed In all cases you will need to create a seed, think of this as your master password and treat it as such. The seed is everything and should be handled with the utmost care and security. The best practice today is to never put your seed on our computer or in any digital device. Write it down in a notebook and and store it someplace secure, like in safe, lockbox or in a safety deposit box.
- 2.Generate your Wallet In some cases this will automatically happen, but for example on Yoroi and other wallets, you will need to specifically choose an ADA wallet account. With Yoroi you will need to personally name the wallet and choose Shelley Era, 24-word recovery phrase, account.
- 3.You are ready to go! At this point you are ready to transfer funds to your wallet. If this is your first time, it might be a good idea to start by transferring only a few ADA to the wallet as a test to make sure that you've set up everything correctly. Always consult the official documentation and guidance.
- 1.Find your account address Wallets have their address in different place you will need to find where the wallet keeps the address.
- 2.Copy or generate an address You will use this address to send your purchased ADA to your wallet.
- 3.Transfer the ADA to your wallet Once you have copied your wallet address then you can use it to transfer the ADA. Transfers are very fast and should be registered within under a minute.