How to Buy, Sell and Trade Cardano ADA on Obiex

Josephine Inika -

What is Cardano ADA ?

ADA is the native cryptocurrency of the Cardano platform, which draws its name from Ada Lovelace, a prominent 19th-century mathematician recognized as the "world's first computer programmer."

Similar to how ETH tokens power the Ethereum platform, ADA tokens power the Cardano ecosystem.  ADA can be used for trading, staking, and paying crypto transaction fees.

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ADA Market Cap and Price

ADA has a current market capitalisation of $10B and a circulating supply of 34,910,481,584.33 ADA. The current price of ADA is $0.2795

How to Buy ADA on Obiex Using Naira

  1. Log in to your Obiex account using your registered email address and password. If you don’t have an obiex account, click here to create one in less than 2 minutes.
  2. Select the “Buy/Sell” button in the top middle of your screen (for mobile app) or the Top right corner of your screen (for Web).
  3. Tap and select NGNX from the "from" coin list.
  4. Select ADA from the "select coin" list.
  5. Enter the amount of naira you want to buy ADA with.
  6. Tap “Get Quote” to see the exchange rate and amount of ADA you’re buying.
  7. Tap “swap” to confirm the transaction.
  8. You now have ADA in your Obiex Wallet.
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How to Deposit NGNX on Obiex from your local Bank. | Obiex Finance Help Center
On Obiex, you can deposit Naira from your local bank account and exchange it for other coins. Follow these steps to do this.
Obiex Finance Help Center

How to Swap ADA to Naira on Obiex

  1. Log in to your Obiex account using your registered email address and password.
  2. Select “Wallet” and tap ADA, then select Swap.
  3. Select NGNX from the "select coin" list.
  4. Enter the amount of naira you want to swap ADA to.
  5. Tap “Get Quote” to see the exchange rate and amount of Naira you’re swapping.
  6. Tap “swap” to confirm the transaction.
  7. You now have Naira in your Obiex Wallet.

How to withdraw NGNX from Obiex to your local bank account. | Obiex Finance Help Center
NGNX is tied to the value of the Nigerian currency; Naira, and it can be sent directly from your Obiex Wallet to any Nigerian bank account.
Obiex Finance Help Center

How to Deposit ADA on Obiex

  1. Log in to your Obiex account using your registered email address and password.
  2. Select the “Deposit” button on the top left of your screen (for mobile app) or the Top right corner of your screen (for Web).
  3. Select ADA from the list of crypto assets.
  4. Select a network deposit address. Obiex supports BSC(BEP20) deposit network.
  5. Scan the code to deposit ADA, or copy the wallet address to make your deposit.
  6. You will receive a notification once the ADA is successfully deposited in your wallet.
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How to Withdraw ADA on Obiex

  1. Log in to your Obiex account using your registered email address and password.
  2. Select the “Withdraw” button on the top second left of your screen (for mobile app) or the Top right corner of your screen (for Web).
  3. Select ADA from the list of crypto assets.
  4. Choose from the three withdrawal methods: Send to Obiex user, Send to multiple users or Withdraw to an external wallet.
  5. If you choose to send to an Obiex user, type in their username, ADA amount, and the reason for transfer (this is optional) and tap send to the user.
  6. If you choose to send to multiple Obiex users, type in their usernames and the ADA amount for each user and tap send.
  7. If you select withdraw to an external wallet, paste the wallet address or select a wallet address from your saved address list.
  8. Choose the network (BEP20) you want to use, type the amount of ADA you want to send, and the reason for the transfer (this is optional).
  9. Tap withdraw, and your transaction is now complete.

How To Swap ADA to Other Cryptocurrencies on Obiex

  1. Log in to your Obiex account using your registered email address and password.
  2. Tap the swap button at the bottom middle of your screen.
  3. Select ADA from the "from" coin list.
  4. Select BTC, ETH, USD, USDC, BUSD or any other crypto from the "select coin" list.
  5. Select and confirm the coin amount you want to exchange.
  6. The swapped amount of the selected coin is now in your wallet.

How To Swap Other Cryptocurrencies To ADA on Obiex

  1. Log in to your Obiex account using your registered email address and password.
  2. Tap the swap button at the bottom middle of your screen.
  3. Select BTC, USDT, BNB, BCH, LTC, SOL or any other crypto from the "from" coin list.
  4. Select ADA from the "select coin" list.
  5. Select and confirm the coin amount you want to exchange.
  6. The swapped amount of ADA is now in your Obiex wallet.
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