How To Buy 10x ADA Tokens On FTX

A Step-by-Step Guide

Step 1 -

Signup to Coinbase - Get Free $10

You’ll first need to purchase one of the major currencies. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Click the button below to register and receive your first $10.

$10 Bonus
Step 2 -

Sign Up To FTX Exchange

You’ll now need to Sign Up to FTX Exchange. FTX is a cryptocurrency derivatives exchange built by traders, for traders. They’ve built a platform powerful enough for professional trading firms and intuitive enough for first-time users. There’s no need to verify your KYC details unless you wish to withdraw over $1,000 USD per day. 

Using the button below, you’ll save 5% on trading fees forever.

Sign Up - Save 5%
Step 2 -

Sign Up To FTX Exchange

You’ll now need to Sign Up to FTX Exchange. FTX is a cryptocurrency derivatives exchange built by traders, for traders. They’ve built a platform powerful enough for professional trading firms and intuitive enough for first-time users. There’s no need to verify your KYC details unless you wish to withdraw over $1,000 USD per day. 

Using the button below, you’ll save 5% on trading fees forever.

Sign Up - Save 5%
Step 3 -

Deposit Bitcoin at FTX Exchange

You’ll now need to send your Bitcoin (BTC) over to FTX Exchange. All exchanges have a similar deposit method. Transferring Bitcoin to FTX Exchange is the easiest way to get started, although you can also deposit ETH and other major tokens . Unsure about how to send funds from Coinbase? (Follow this guide)

Make sure you’ve selected the correct coin you wish to deposit. BTC must be sent to a BTC deposit address, etc. Although sometimes recoverable, sending an asset to the wrong type of address should be avoided entirely.

Step 3 -

Deposit Bitcoin at FTX Exchange

You’ll now need to send your Bitcoin (BTC) over to FTX Exchange. All exchanges have a similar deposit method. Transferring Bitcoin to FTX Exchange is the easiest way to get started, although you can also deposit ETH and other major tokens . Unsure about how to send funds from Coinbase? (Follow this guide)

Make sure you’ve selected the correct coin you wish to deposit. BTC must be sent to a BTC deposit address, etc. Although sometimes recoverable, sending an asset to the wrong type of address should be avoided entirely.

FTX Exchange USD
Step 3 -

Convert BTC to USD

Once your deposit has confirmed, you’ll now have access to your funds and you can begin trading on FTX. To get started trading Cardano (ADA) on FTX, you’ll want to click the “Convert” button and convert your BTC for stable USD tokens.

Following the screenshot provided, ensure the conversion is from Bitcoin (BTC) to USD Stablecoins (USD). Enter the amount of BTC you’d like to convert and click “Convert” to proceed.

Step 3 -

Convert BTC to USD

Once your deposit has confirmed, you’ll now have access to your funds and you can begin trading on FTX. To get started trading Cardano (ADA) on FTX, you’ll want to click the “Convert” button and convert your BTC for stable USD tokens.

Following the screenshot provided, ensure the conversion is from Bitcoin (BTC) to USD Stablecoins (USD). Enter the amount of BTC you’d like to convert and click “Convert” to proceed.

FTX Exchange USD
Step 4 -

Locate ADA - Leveraged Tokens

Once you’ve converted your BTC to USD and moved over to the “Leveraged Tokens” tab, you’ll be presented with a long list of leveraged tokens offered by FTX Exchange. These tokens allow for higher returns without the threat of liquidation.

FTX Exchange currently offers five types of Leveraged Tokens – MOON (10x long), BULL (3x long), HEDGE (1x short), BEAR (3x short) and DOOM (10x short). These tokens derive their price from the perpetual contract tied to each Altcoin. For example, take ETHBULL, a 3x long ETH token.  For every 1% ETH goes up in a day, ETHBULL goes up 3%; for every 1% ETH goes down, ETHBULL goes down 3%.

Today we’ll be selecting ADAMOON which will give us a 10% increase in value whenever ADA increases by 1%. Please keep in mind that if ADA goes down 1%, your position will be at a 10% loss. Please be responsible. 

Cardano ADA 10x leverage ftx exchange
Step 4 -

Locate ADA - Leveraged Tokens

Once you’ve converted your BTC to USD and moved over to the “Leveraged Tokens” tab, you’ll be presented with a long list of leveraged tokens offered by FTX Exchange. These tokens allow for higher returns without the threat of liquidation.

FTX Exchange currently offers five types of Leveraged Tokens – MOON (10x long), BULL (3x long), HEDGE (1x short), BEAR (3x short) and DOOM (10x short). These tokens derive their price from the perpetual contract tied to each Altcoin. For example, take ETHBULL, a 3x long ETH token.  For every 1% ETH goes up in a day, ETHBULL goes up 3%; for every 1% ETH goes down, ETHBULL goes down 3%.

Today we’ll be selecting ADAMOON which will give us a 10% increase in value whenever ADA increases by 1%. Please keep in mind that if ADA goes down 1%, your position will be at a 10% loss. Please be responsible. 

Cardano ADA 10x leverage ftx exchange
Cardano ADA 10x Leveraged Token Buy FTX Exchange
Step 5 -

Buy ADA 10x Tokens - ADAMOON

Once you’ve converted your BTC to USD, moved over the “Leveraged Tokens” tab and selected ADAMOON, you’ll be presented with a Price Chart (Center) and some Order Books (Bottom left). For now, we’re going to create our own Limit Order (Bottom Middle).

The “Price” field will be automatically filled with the most recent price ADA 10x (ADAMOON) traded at, although this can be changed to your own desired price. The “Amount” field is the amount of ADAMOON you wish to purchase with your USD. Enter in either the ADAMOON or USD field to get your desired amount.

When you’re happy, click “BUY”. Your order will be filled when a Seller sells their ADAMOON for the price you submitted.

Step 5 -

Buy ADA 10x Tokens - ADAMOON

Once you’ve converted your BTC to USD, moved over the “Leveraged Tokens” tab and selected ADAMOON, you’ll be presented with a Price Chart (Center) and some Order Books (Bottom left). For now, we’re going to create our own Limit Order (Bottom Middle).

The “Price” field will be automatically filled with the most recent price ADA 10x (ADAMOON) traded at, although this can be changed to your own desired price. The “Amount” field is the amount of ADAMOON you wish to purchase with your USD. Enter in either the ADAMOON or USD field to get your desired amount.

When you’re happy, click “BUY”. Your order will be filled when a Seller sells their ADAMOON for the price you submitted.

Cardano ADA 10x Leveraged Token Buy FTX Exchange
Step 6 -

Convert USD to BTC

Once you’ve completed your ADA trade, win or lose, you may want to convert your USD balance back to BTC for withdrawal. Luckily FTX exchange make this just as simple as it was when you started. Go back to your Wallet, search “USD” and click “Convert”.

Following the screenshot provided, ensure the conversion is from USD Stablecoins (USD) to Bitcoin (BTC). Enter the amount of USD you’d like to convert and click “Convert” to proceed.

ftx usd convert btc
Step 6 -

Convert USD to BTC

Once you’ve completed your ADA trade, win or lose, you may want to convert your USD balance back to BTC for withdrawal. Luckily FTX exchange make this just as simple as it was when you started. Go back to your Wallet, search “USD” and click “Convert”.

Following the screenshot provided, ensure the conversion is from USD Stablecoins (USD) to Bitcoin (BTC). Enter the amount of USD you’d like to convert and click “Convert” to proceed.

ftx usd convert btc
ftx exchange btc withdraw
Step 7 -

Withdraw Your Funds

Unless you’re trading, never keep your coins on an exchange for an extended period of time. To withdraw your Bitcoin (BTC) or whatever funds you converted your USD to, go to your Wallet and click “Withdraw” on your new balance. Bitcoin (BTC) can be safely stored using a software wallet like Exodus or a hardware wallet like a Ledger Nano X.

Enter the amount of Bitcoin (BTC) you’d like to withdraw in the text-box provided. Enjoy the fee-less withdrawals FTX Exchange offers and make sure the withdraw address you have entered is yours and is correct.

When you’re happy, click “Withdraw”. You may be asked for phone/email verification before a withdrawal can be processed.

Step 7 -

Withdraw Your Funds

Unless you’re trading, never keep your coins on an exchange for an extended period of time. To withdraw your Bitcoin (BTC) or whatever funds you converted your USD to, go to your Wallet and click “Withdraw” on your new balance. Bitcoin (BTC) can be safely stored using a software wallet like Exodus or a hardware wallet like a Ledger Nano X.

Enter the amount of Bitcoin (BTC) you’d like to withdraw in the text-box provided. Enjoy the fee-less withdrawals FTX Exchange offers and make sure the withdraw address you have entered is yours and is correct.

When you’re happy, click “Withdraw”. You may be asked for phone/email verification before a withdrawal can be processed.

ftx exchange btc withdraw

Trade On FTX. A Cryptocurrency Derivatives Exchange Offering So Much More

A Wide Range Of Contracts

Trade FTT, BTC, ETH, EOS, BNB, XRP, LINK And So Much More

24/7 Support On Demand

Powered by Alameda Research, FTX has a 24/7 OTC portal.

Countless Leveraged Tokens

Instantly SHORT or LONG with up to 10X leverage, no margin required!

Their Native FTT Token

FTT will get socialized gains from the insurance fund on FTX.

Trade On FTX.

A Cryptocurrency Derivatives Exchange Offering So Much More

A Wide Range Of Perpetual Contracts

Trade FTT, BTC, ETH, EOS, BNB, XRP, LINK And So Much More

24/7 Support On Demand

Powered by Alameda Research, FTX has a 24/7 OTC portal.

Countless Leveraged Tokens

Instantly SHORT or LONG with up to 10X leverage, no margin required!

Their Native FTT Token

FTT will get socialized gains from the insurance fund on FTX.

Congratulations!

You're Ready To Trade On FTX Exchange

That’s it!

There’s a ton of Contracts available on FTX and you’ve just traded your first one. We highly recommend exploring other options as more become available on the platform.