Like other crypto coins, Cardano can be best described as a token that enables you to power or enable apps. Sending money is just one aspect of Cardano. Now let’s see how to transfer Cardano to Nami wallet.
What is Cardano?
Cardano is one of the most popular cryptocurrencies created by Charles Hopkinson, who was also the co-founder of Ethereum. The cryptocurrency is called Cardano and the individual unit is called ADA. Nami wallet is a browser-based wallet that is used to interact with the Cardano blockchain and it is noncustodial. Here we will explore how to transfer Cardano to Nami wallet.
How to transfer Cardano to Nami wallet?
Nami wallet is one of the top Cardano wallets which supports staking, storing, and sending of assets. It is the best alternative for the Daedalus wallet as Nami has a browser extension and is compatible with NFT. Now let’s see how to transfer Cardano to Nami wallet.
To send Cardano (ADA) to Nami wallet, you will require only your Nami wallet address and the amount of ADA required. Copy your Nami wallet address and then paste it into your Coinbase account..
Below are the required steps followed to transfer Cardano to Nami Wallet.
- Sign in to Coinbase
- Find ADA
- Click Send
- Enter the amount
- Paste your Nami wallet address
- Click Continue
- Click Send Now
- Check your Nami wallet
1. Sign in to Coinbase
First, visit the Coinbase website and type your email address and password so that you can sign in.
2. Find ADA
After signing in to Coinbase will take you to the dashboard where you can find your Cardano asset. Also just navigate and find ADA that you have bought.
3. Click Send
Once the ADA is found, you need to click on it. Now you will see send and receive section from which you need to click on send.
4. Enter the amount
Once send is clicked you will see four fields amount, to, note, and play with. You can leave the note field for your future reference. Leave the pay with field too as it will get automatically updated once you choose ADA as mentioned in step 2.
Enter the amount of ADA that you want to send to the Nami wallet in the amount field.
5. Paste your Nami wallet address
After entering the amount in the Amount field, you are required to enter your Nami wallet address in the “To” field.
To copy your Nami wallet address:
- Launch the Nami wallet extension
- Click next on the Receive
- Click on the copy icon beside the address button
6. Click Continue
After entering the amount and copy-pasting the wallet address, you can now click on the continue option.
7. Click Send Now
After clicking continue, there will be a confirmation pop-up. Next check your wallet’s address and the amount which is entered. This confirmation pop-up will also include the gas fees.
Next click on the option Send Now and once you have enabled a 2 step verification code, then you will be asked to type the verification code and click confirm.
8. Check your Nami wallet
Now you will see a sent notification which will pop up in Coinbase. This transaction usually will take less than 5 mins in the Nami wallet. After a few minutes, you can go to your Nami wallet and check your wallet balance.
That’s it. Now, you have sent your Cardano (ADA) to your Nami wallet.
If you’re committed to trading Cardano or other cryptocurrencies, then it is important to expect volatility. And you could also potentially lose your whole investment if you’re buying an asset that’s not backed by anything. Therefore it is better not to put in any money that you can’t afford to lose.