How to Buy Cardano on Binance
If you want to buy Cardano (ADA) on Binance but need some guidance, you are in the right place. Here is how to buy Cardano on Binance with step-by-step instructions.
A Step-By-Step Guide on How to Buy Cardano on Binance
1. Register an Account on Binance
Let’s start by creating a Binance account first. Signing up is easy, just fill out the registration form with your information. Binance will send a signup code so that you can finish the process. You’ll only need this code for your first login.
2. Verify Your Account
You will see a small profile icon on the upper right side of the page. It will take you to your profile, where you will see a “Get Verified” tab. Click it, and you can start personal verification.
First, select your country. Necessary personal verification documents vary depending on your location. Required documents will be displayed on this page so you can prepare everything before you continue
Complete the verification process by filling out the form and submitting the necessary documents. Most users are asked to provide an official photo ID, but there might be extra steps, such as submitting proof-of-address documents or facial recognition, depending on your residence.
3. Deposit Funds/Crypto
Once you are verified, go back to your home page and click “Deposit.” As you can see, there are a few different deposit methods.
“Deposit Crypto” helps you transfer your digital assets to Binance. So if you have digital assets you want to trade for ADA, you can choose this option to start. Binance will produce a deposit address for your ADA tokens. You can end your assets to Binance with this address.
If you don’t have crypto assets or are not interested in trading them for ADA, no worries. You can still buy ADA with fiat currencies like USD, GBP, EUR, and so on. Binance supports several national currencies.
There are two ways to buy ADA on Binance with fiat: either click “Fiat Deposit” or “Buy Crypto.”
When you click “Fiat Deposit,” you are redirected to the deposit form. As you can see, it’s pretty straightforward: select the currency you want to deposit and the deposit method. Each method has a different fee and a deposit time, so select the one that suits you best. Click “Continue” to finish the deposit.
If you don’t want to make a fiat deposit this way, you can click “Buy Crypto.” That takes you to another order form where you can choose different payment methods. Read the next section for more details.
4. Navigate to the Relevant Screen to Buy
When you click “Buy Crypto,” Binance automatically sends you to its easy buy feature. You can buy many currencies here with three easy steps.
First, select the fiat currency and the amount you want to spend.
Then select the cryptocurrency you want to receive. It’s set to BTC, but you can adjust it manually to select ADA. Just hit the arrow next to “BTC.”
Finally, click “Buy ADA.” That will take you to another page to choose your payment method: If you deposited fiat to your account, you can simply select that. Otherwise, you can select one of the several payment methods Binance offers, including Simplex and Banxa.
Hopefully, you now know how to buy Cardano on Binance. We wish you good luck and a good trading experience.
You may also want to check out our best 21 cryptocurrency exchanges guide for more information.