How To Buy ADA In Nigeria On Remitano | Step-By-Step Tutorial

How to Buy ADA on Remitano

Cardano’s ADA is one of the most popular cryptocurrencies today. As a top 10 crypto by market cap, ADA offers exciting potential as a next generation blockchain platform. If you want to buy ADA, Remitano is a great option for purchasing it securely.

In this comprehensive guide, we’ll walk through the entire process of buying ADA on Remitano step-by-step.

What is Cardano?

Before we dive into the specifics of buying, let’s briefly go over what exactly Cardano is.

Cardano is a blockchain platform and cryptocurrency that aims to be a more scalable, sustainable, and interoperable alternative to older cryptos like Bitcoin and Ethereum. The native currency of the Cardano network is called ADA.

Some key things to know about Cardano:

  • Developed by blockchain company Input Output Hong Kong (IOHK)
  • Uses a proof-of-stake consensus mechanism called Ouroboros which is less energy intensive than Bitcoin’s proof-of-work
  • Features advanced smart contract functionality that improves on Ethereum
  • Employs peer-reviewed research and evidence-based methods in its development

The team behind Cardano takes a research-driven approach and aims to create a secure and decentralized network. While the technology is still being actively developed, Cardano has strong potential to become a leading blockchain.

Why Buy ADA?

There are several good reasons you may want to purchase ADA:

  • Speculation – Like many cryptos, ADA is highly speculative. If Cardano gains adoption, the price could rise significantly. Many investors buy it with the hope of making gains.
  • Technology potential – Cardano’s technology aims to solve major challenges with scalability, interoperability, and sustainability. If it succeeds, it could become widely used.
  • Staking rewards – Cardano uses a PoS system. By staking your ADA, you can earn 5-6% annual rewards.
  • Accessing Cardano dapps – In the future, you may need ADA to use decentralized apps built on the Cardano network.
  • Supporting the project – Buying and using ADA contributes to the growth of the Cardano ecosystem.

Of course, any investment in crypto also comes with risks. But if you believe in what Cardano is aiming to achieve, purchasing ADA can give you exposure to the project.

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Why Use Remitano to Buy ADA?

Now that we’ve covered the basics of Cardano and ADA, let’s look at why Remitano in particular is a good choice for buying it. Here are some of the key benefits of using Remitano:

  • Secure escrow system – Remitano’s escrow protects your funds by only releasing payment once you confirm the ADA purchase. This prevents scamming.
  • Wide payment options – Remitano supports buying ADA with credit/debit cards, bank transfers, mobile money, gift cards, and cash deposits.
  • Low fees – Remitano’s crypto trading fees are around 0.5-1%, much lower than most exchanges.
  • Easy user interface – The platform is intuitive and easy to navigate for new users.
  • Good liquidity – As a popular P2P platform, Remitano has decent liquidity for buying ADA.
  • Global marketplace – You can buy from sellers all over the world.
  • Strong consumer protections – Remitano offers dispute resolution and guarantees to safeguard customers.

For anyone looking to buy ADA easily and securely, Remitano checks all the right boxes. Now let’s look at exactly how to buy on Remitano’s P2P platform.

Step-by-Step Guide to Buying ADA on Remitano

Here is a step-by-step walkthrough of how to buy ADA on Remitano:

1. Create a Remitano Account

  • Go to Remitano.com and click the “Sign Up” button.
  • Enter your email, password, and personal details to register for an account.
  • Verify your email to activate the account.
  • Complete KYC verification to fully activate withdrawals and trading.

Once your account is active, you’ll have a web wallet address to deposit and withdraw crypto.

2. Deposit Funds

To buy ADA, you first need to deposit local currency into your account. Here are some options:

  • Bank transfer – Link your bank account to transfer funds directly. Takes 1-3 days.
  • Credit/debit card – Link a card to deposit instantly. Fees around 3-5%.
  • Cash deposit – Deposit physically at a bank. Instant but involves offline steps.
  • Mobile money – Top up via mobile money services like MTN or Airtel. Popular in some regions.

Choose the deposit method that suits you best. The funds will reflect in your Remitano balance once received.

3. Find an ADA Seller

Once you have funds, it’s time to find a seller to buy from:

  • Click “Buy” at the top and search for ADA or Cardano.
  • Filter by payment methods, location, and seller attributes.
  • Compare seller ads to find the best deal in terms of price, limits, reviews, and processing speed.
  • Look for high-rated, verified sellers with strong feedback for the safest trades.

4. Start the Trade

When you find a suitable seller, click “Buy” on their ad to begin a trade:

  • Enter how much ADA you want to purchase and the amount to pay.
  • The ADA will be automatically locked in Remitano escrow.
  • Follow the instructions to pay the seller according to their accepted payment methods.

5. Receive Your ADA

After paying the seller, confirm you’ve sent the funds by clicking “I Have Paid”. Here is how the rest of the process works:

  • The seller will verify payment and release the ADA from escrow.
  • The ADA amount you bought will reflect in your Remitano wallet balance.
  • You can withdraw the ADA any time to an external crypto wallet address.

And that’s it – you’ve now successfully purchased ADA! The whole process usually completes within a few minutes to a few hours depending on the seller.

Tips for Buying ADA on Remitano

To get the best deal and user experience on Remitano, keep these tips in mind:

  • Compare seller rates. Prices can vary significantly.
  • Check seller reviews. 5-star rated sellers are most reliable.
  • Start small if new. Buy a small amount first to test.
  • Set a price alert. You can set alerts when ADA hits certain prices.
  • Use limit orders. This locks in a fixed purchase price for ADA.
  • Pay promptly. Quick payment releases your ADA faster.
  • Enable 2FA. Two-factor authentication enhances account security.
  • Withdraw to a wallet. For security, withdraw to an external ADA wallet after buying.
  • Contact support if issues. Remitano has 24/7 customer support to assist you.

By following these tips and the steps outlined above, your experience buying Cardano’s ADA on Remitano will be smooth and secure.

Frequently Asked Questions

Here are answers to some commonly asked questions about buying ADA on Remitano:

How long does it take to buy ADA on Remitano?

Most trades complete within 5-30 minutes. The speed depends on your payment method and the specific seller.

Can I buy ADA with cash on Remitano?

Yes, Remitano supports buying ADA with cash deposits at banks in some countries. The steps are:

  1. Select cash deposit as your payment method when creating an order.
  2. The seller will provide banking details.
  3. Deposit the cash at the specified bank.
  4. Upload the receipt as proof.
  5. The seller will then release your ADA.

Is buying ADA on Remitano safe?

Yes, Remitano is known as a safe platform for buying crypto. Safety features include:

  • Secure multi-signature escrow
  • Buyer protection guarantee
  • Seller verification
  • Remitano trader badge rewards legitimate sellers
  • Supports payments via escrow accounts

What are Remitano’s fees for buying crypto?

Remitano charges a 0.5-1% fee to buyers and sellers per trade. This fee depends on your 30-day trading volume. There are no deposit or withdrawal fees.

Can I sell ADA on Remitano too?

Yes, Remitano allows you to sell ADA through its P2P platform as well. The process mirrors buying in reverse – post your sell ad, wait for buyers, then release ADA from escrow once you receive payment.

Does Remitano have an app?

Yes, Remitano offers mobile apps for both Android and iOS. You can securely trade crypto on the go using the app.

Conclusion

That covers everything you need to know to get started with purchasing ADA through Remitano. The platform makes it easy and affordable to buy Cardano’s native currency using your local payment methods. With its escrow system and active community of traders, Remitano is a secure P2P marketplace for crypto.

Give it a try and make your first ADA investment. Be sure to take safety precautions like enabling 2FA and withdrawing to an external wallet. With crypto gaining mass adoption, now is a great time to buy into innovative blockchain projects like Cardano!