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Author: Admin | 2025-04-28
Investors to cash out their Cardano holdings. Some platforms, like Coinbase and Crypto.com, have a simplified and straightforward structure for traders who want to sell ADA. The only drawback is the charges and withdrawal times, which can vary.Cardano basics: What is Cardano and how does ADA work?How to Sell ADA To Cash – Full TutorialStep 1. Compare and select a crypto exchangeThe first step to selling ADA is to decide on what type of cryptocurrency services to use. There are several options, including fiat-to-crypto exchanges, trading platforms, decentralized exchanges, and brokerages. For this tutorial, we will use Binance as an example and detail a step-by-step guide on how to sell ADA on Binance.Step 2. Register an account with a crypto exchangeTo sign up, go to Binance's homepage. Then click on the ‘Register' button. Users can sign up on Binance using their phone number, email address, or Google account. The investor's email will receive a verification link, which must be verified for the provided email address authentication.When selling Cardano to fiat, Binance requires users to complete the know-your-customer (KYC). This is a mandatory step to withdraw funds in fiat to a bank account. Tap on the profile icon and select the ‘Verify’ button. Upload a copy of a recent driver’s license and complete the face verification process. Once verification is complete, a green ticker will be attached to the user’s profile. Step 3. Deposit ADA tokensTransfer Cardano into a Binance wallet from a third-party platform. To begin the transaction from an external source, navigate to the crypto deposit option by tapping on the ‘Wallet' icon and selecting ‘Deposit'. You must find Cardano so type ‘ADA' into the search bar and select the relevant blockchain network. Simply copy the Binance wallet's address for Cardano tokens. The Cardano funds sent to this public
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