There are many options, but for most customers few options are as trusted and as easy to use as Coinbase. It is the largest cryptocurrency exchange and is a good, but not the only, option for buying cryptocuyrrency. Coinbase fully supports ADA in all regions it operates in.
What you need
- Email address
- Text Messaging
- Used for two-step verification
- Used for identity verification
- Source of funding
- *Bank Account (ACH)
- Debit Card
- Wire Transfer
What to do
- Navigate to coinbase.com.
- Use your email to register.
- You will need to verify this email address before proceeding.
- Verify your identity.
- Add funding source.
- Using your bank account as a funding source for your purchase is reccomended to avoid fees associated with other sources like credit or debit cards.
- Make purchase of ADA.
Your cryptocurrency is now held in a hosted wallet by Coinbase on your behalf (a custodial wallet).
To take full control of your cryptocurrency funds you should move them to a wallet that you control. This is the best way to secure your funds and live that LIDO life!
The best way to stake ADA is through a wallet you control. Daedalus and Yoroi are the reccoemended wallets for doing this. Daedalus requires more setup and space on your computer to run a full node.