If you live in New York, you will find it difficult to buy Cardano, because New York has strict cryptocurrency regulations law.
Don’t worry I understand you frustration, that’s why in this article I will explain how you can buy Cardano (ADA) in New York.
Since the BitLicense law was implemented in 2015, exchanges have to register before they can operate in New York making kt difficult for New York residents to buy Cardano.
How to buy Cardano (ADA) in New York?
To buy Cardano in New York, you would need Bitcoin or Ethereum stored in a wallet, a Cardano wallet address (Trustwallet or Exedus wallet). If you have the thing mentioned above visit Changenow.io, Changenow.io a cryptocurrency platform that will allow you swap your cryptocurrency instantly.
Here is a step-by-step method with Pictures on how to buy Cardano in New York, United States.
Step 1. Get a Cardano wallet
Go to your app store and search for yoroi wallet, it’s a Cardano wallet. Register an account with the wallet so you can get your Cardano (ADA) address which you can use to receive your ADA.
Get a hardware wallet (recommended)
Getting a hardware is the best way to secure your cryptocurrency.
I recommended you use Ledger Nano X a cryptocurrency wallet that supports over 1000 cryptocurrency and most expecially secure from malware and hackers.
Step 2. Buy Cardano
After you have gotten your Cardano wallet address now go to changenow.io to swap Bitcoin for ADA. The default exchange would be BTC to ETH.
Click ETH and search for Cardano or ADA, select the amount you want to exchange, and click “exchange now.”
Enter your ADA wallet address and click next.
Step 3. Make your Payment
You would be given a specific wallet address for you to pay the exact amount. Send the amount of money to that address you would receive your ADA in seconds. Congratulations you now own ADA.
What is Cardano?
Cardano is a cryptocurrency that was created in 2015 by Fed, it has an open source blockchain and smart contract.
Is ADA a good investment?
Cardano is a blockchain project that has smart contracts, it is a good investment. The price of Cardano has gone very high in value in the last 7 days.