How to buy and trade Cardano ADA on Gate.io

This article is a step y step guide on how to buy Cardano ADA on gates.io In this article I will be sharing on the how to buy Cardano on gates.io exchange.  This article will cover some basic facts about Cardano and also brief history on the Gates.io exchange.

GATE.IO

Gate.io a Chinese cryptocurrency exchange launched in 2013 under the name Bter.com by CEO Lin Han.

In 2017 it was rebranded to Gate.io available to both U.S and Chinese users.

With a daily trading volume of $516.19 Million making Gate.io among the top biggest exchanges by trading volume and supports over 400 cryptocurrencies and 842 trading pairs available.  Gates.io is focused on protecting their platforms users, they have invested funds millions in security and laws fund to protect its users.

Gate.io also launched a native token in the gatechain mainnet in 2020 which is the exchange official token used in trading fee debt and more.

CARDANO

Cardano was first founded in 2015 by an organization called input-output Hong Kong (IOHK) led by Charles Hokinson, Charles Hokinson was a co developer of Ethereum but left due to some disputes.

The platform Cardano is named after Gerolamo Cardano and the Cryptocurrency is name after Ada Lovelace

Cardano is a third-generation, decentralized proof-of-stake (PoS) blockchain platform designed to be a more efficient alternative to proof-of-work (PoW) networks. Scalability, interoperability, and sustainability on PoW networks like Ethereum are limited by the infrastructure burden of growing costs, energy use, and slow transaction times.

The Cardano platform runs on the Ouroboros consensus protocol. Ouroboros, created by Cardano in its foundation phase, is the first PoS protocol that not only was proved to be secure, but also was the first to be informed by scholarly academic research. Each development phase, or era, in the Cardano roadmap is anchored by the research-based framework, incorporating peer-reviewed insights with evidence-based methods to make progress toward and achieve the milestones related to the future directions of the use applications of both the blockchain network and the ada token

As of June 20, 2021, 71.59% of Cardano’s cryptocurrency ADA, is staked in 2,626 active pools with a value of approximately $31.4 billion.

How to Buy Cardano

In my step-by-step guide, I am going to show you how to buy Cardano using the Gate.io exchange. The platform is among the top exchanges with largest trading volume, the more you use the platform the lower the fees, and it’s really simple to use the site, in general!

Before you can get started with Gate.io, you will need to get hold of some cryptocurrency, so that you can fund your account.

OPEN A GATE.IO ACCOUNT

1. First, you will need to visit the official Gate.io website, which you can do by clicking this link.

2. In the top right-hand corner of the screen, click on Sign up

3. Now you will need to enter your email address, choose a strong password and tick the terms and conditions box. Then click on Next.

4. Fill out your funds password

As a security measure, gate.io requires you input a fund password before making any withdrawal from the exchange, fill in your fund password and click on Create account

Please note: this password must be entirely from your login password.

5. When you click on Create account, a security check page will pop up, kindly complete the task to proof you are not a robot, you will need to drag the slider across and match the jigsaw.

6. gate.io will then send you an email. Go to your inbox and click the confirmation link.

7. CONGRATULATIONS!!!  You have a brand new gate.io account.

Deposit Funds into Gate.io

Once you have set up your gate.io account, you now need to fund it. You need to get your gate.io deposit address so that you can transfer funds across. I’ll show you how to do that below.

• • 1. Once you are logged in, move your mouse over Funds (at the top of the page) and then click on Wallet.
    2. You will now see a long list of the types of wallet that Gates supports. Click on deposit.

3. Select USDT, copy your unique address and fund your wallet

HOW TO BUY CARDANO ADA ON GATE.IO

If you have followed my step-by-step buying guide so far, you should now have a fully funded Gate.io account.

This part of this guide is going to show you how to buy Cardano.

1. At the top of the page, move your mouse Tradeand then click on Spot Trading and then select standard (for beginners as you grow your trading skills will get better you can select professional)

2. Click on spot trading, select the USDT pair and search for USDT/ADA

3. Select trade, you are now on the main trading screen for the ADA and USDT trading pair

4. Scroll down below the chart and look for the Buy ADA trading box. Make sure that you click on the Market.

5. You now need to enter the number of coins you want to buy. If you want to use all of your USDT balance, click on 100%. If you don’t, you can enter your desired amount into the box. Finally, click on Buy ADA to complete your trade.

HOW TO SELL ADA ON GATE.IO

If you follow the above the step by step guide, then selling your ADA on Gate.io won’t be a problem because they also similar process.

1. Click on the sell button and input the amount you want to sell, if you want to tell all your ADA then click 100%.
2. Click on sell ADA button, you will see your order under “my trade” till someone some buys it, check your balance to see your funds.

CONCLUSION

Gate.io is built with users in mind, making it easy to use. Even a not so tech savy person can use the exchange without hassle.

Don’t forget, that phising is real, make sure the website link is correct and its gate.io

If this guide has helped you, kindly let us know on the comment section.