Step 1: Buy Cardano on an exchange
In order to buy a cryptocurrency, you need visit an offial exchange website.
The registration process will require to confirm your identity. A valid ID (possibly also a proof of address) will be needed to start making transactions.
Add a payment method
In the payment method box. connect a payment method of your choice. Available options are a bank account, debit card or a wire transfer.
When logged in, select “Buy & Sell” (On mobile Coinbase app it will be a “+” Buy on the Home tab). Next, click the Buy panel to find and select Cardano (search for Cardano by typing “Cardano” into the search bar on mobile devices). When you click Cardano, a purchase screen will open up. Insert the amount you want to deposit in selected currency which will automatically be converted into the Cardano amount.
Finalize your purchase of Cardano
To see the details of your purchase, press “Preview buy” and make sure everything looks good. Confirm your purchase by clicking “Buy now”. Once the order is processed, you’ll see the confirmation screen. Now, you are a proud Cardano owner.
Step 2: Transfer purchased funds to your Cardano wallet
Once you’ve obtained Cardano on the exchange, you can transfer it to your Cardano wallet from which you can perform various transactions on Cardano network.
Get your wallet address
A wallet address is a hash string value that other users can use to send Cardano assents into your wallet. If you do not have a one yet, see how to create a wallet.
On Nami browser wallet, you will find the address when you click on the Nami icon next to your browser’s search bar and click “Receive” in the popup window. Click on the long string that beggins with “addr…” to copy it.
This is the address you will use in Coinbase to send your Cardano into.
Send funds to your address
Log in to you Coinbase account, find the select Cardano. On the Cardano page at Coinbase, choose the “Wallet” tab, and then the “Send” tab on the right side. There, insert the ammount you would like to send and the wallet address that you have copies in the previous step and. Make triple sure that you inserted the correct address and that Cardano is selected as the payment asset and press “Send now”.
After a few minutes, your Cardano should appear in your wallet.