How and Where to Buy Cardano (ADA) in 3 Easy StepsADA
Cardano (ADA) is one of the most popular long-term investment options for crypto traders – Cardano’s underlying project has great potential. Cardano uses a proof-of-stake model, which is more energy efficient and cannot be mine like cryptocurrencies using proof-of-work model. So, where to buy Cardano and how should you do it? In this beginner’s guide, we will help you buy crypto assets so, read on!
- Release Date 2015
- Total Coin Supply 31.87B
- Algorithm PoS, PoW
- Blocks time 20 seconds
- Volume $3.25B
- What is Cardano?
- Choose Cardano wallet
- Where to buy Cardano?
- Withdraw Cardano coin to your wallet
- How to buy Cardano with USD?
- How to buy Cardano with PayPal?
- Cardano Non-Fungible Tokens (NFTs)
- How and Where to Buy Cardano (ADA) in Australia 2022
- How and Where to Buy Cardano (ADA) in Canada 2022
- How and Where to Buy Cardano (ADA) in the UK 2022
What is Cardano?
Cardano (ADA) is a well-known cryptocurrency. In 2015, it was launched by Charles Hoskinson, who is also the co-founder of Ethereum (ETH). The Cardano token (ADA) is the backbock o the Cardano network.
In January 2022, Cardano surged in price to become the 5th most valuable crypto by market value, surpassing the blockchain, Solana.
Cardano’s makers describe the digital asset as a 3rd-generation blockchain platform, designed to overcome transaction speed and scalability issues facing 1st and 2nd-generation blockchains.
Choose Cardano wallet
Storing your cryptocurrency is of crucial importance for your trading and investing decisions in the crypto world. Find below the best Cardano wallets on the market
In terms of reliability, there is hardly much to differentiate between the 3 wallets.
All 3 wallets support over 1,000 cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), Ripple (XRP), Dogecoin (DOGE), and Tether (USDT) and offer support for all ERC20 tokens.
In terms of price, Ledger Nano S costs $59, Ledger Nano X costs $119 and Trezor Model T costs $164 – take your pick!
Desktop wallets are not as safe as hardware wallets but are safer than mobile wallets and web wallets. That said, desktop wallets are hot wallets (connected to the internet) and come with a fair share of risk.
Desktop wallets are free of cost – download a wallet of your choice and complete the setup process to begin.
Daedalus wallet is a desktop, full-node HD wallet for Cardano. The wallet runs on Windows, Mac, and Linux and is considered to be one of the best Cardano wallets for Mac users.
Guarda is a decentralized, non-custodial ADA desktop wallet that runs on Windows, Mac and Linux. Guarda is available as a web wallet and a mobile wallet as well.
Atomic wallet is widely considered to be the best ADA desktop wallet. It is available in the form of a mobile app as well.
Mobile wallets are the least secure of the three mentioned wallet categories and the easiest to use.
All you have to do is download a mobile wallet (app) of your choice via Google Play Store (Android users) or Apple App Store (iOS users), register and start crypto trading!
As mentioned in the previous section, Guarda and Atomic wallet are good mobile wallet options to store Cardano.
Yoroi is a lightweight Cardano ADA wallet that is perfect for Cardano traders looking for a quick, secure and simple mobile wallet. Exodus mobile wallet is another excellent option.
How can I locate my Cardano address? Step-by-step guide
You can check the history of all the Cardano transactions that have taken place on the Cardano blockchain platform by accessing the Cardano Block Explorer.
The Cardano Block Explorer is a useful tool that allows you to search the history of all ADA transactions, including the amount of ADA cryptocurrency sent, the exact time and date of a transaction and most importantly, the public address of the sender and the receiver.
If you look at the history of a transaction, you may see multiple input (sender) addresses on the left-hand side of your screen (your wallet is a collection of input addresses) and 2 output addresses on the right-hand side of your screen (receiver address and change address).
For example, let’s say:
- Input address 1 – 2 ADA
- Input address 2 – 20 ADA
- Input address 3 – 90 ADA
If you want to send 100 ADA, your wallet will choose input address 2 and input address 3 as inputs and send back 10 ADA to your change address.
If you are transacting for the first time or have just installed a new cryptocurrency wallet, you can easily find your Cardano address – cryptocurrency wallets come with a conveniently accessible option to view/copy your wallet address. You will find it with minimal effort.
Where to buy Cardano?
Here are the best cryptocurrency exchanges to purchase Cardano (ADA):
The primary way to buy and sell crypto on Coinmama is with a credit card, debit card, or bank transfer. Other than a fun name, they have high spending limits and plenty of payment options including Apple pay.
To put your Apple pay in action buying crypto, sign up for a Coinmama account on their website!Visit Coinmama
You can buy Cardano on Coinmama quite easily. To purchase Cardano, create a Cardano account and verify it by uploading a copy of your national ID, passport, driving license or other accepted documents.
As soon as your documents are processed and verified, you can buy ADA with your credit card or debit card for up to $15,000. You can also purchase ADA by transferring funds from your bank account (SEPA/SWIFT) – you can purchase ADA for up to $15,000 per business day!
You cannot purchase Cardano via PayPal at the time of writing.
Binance is the exchange to use if you’re new to the world of cryptocurrency. It’s intuitive, easy to use, and supports all the most popular cryptocurrencies. It makes buying, selling, and trading simple and even the most novice users will enjoy the pleasant user interface Binance has to offer.
When it comes to buying and selling crypto, there are few exchanges better than Binance.Visit Binance
Binance does not support the direct purchase of Cardano at the moment. There are 3 ways you can purchase Cardano on Binance:
- If you own other cryptocurrencies (Bitcoins, Ethereum tokens, etc.) that can be traded on Binance for ADA, go ahead!
- You can purchase stable coins that are listed on the cryptocurrency trading platform via wire transfer and trade these stable coins for Cardano
- Finally, you can purchase listed cryptocurrencies via credit card and trade your purchase for ADA at low fees and among the best liquidity in the cryptocurrency trading business.
By trading on Bittrex, you can support blockchain technology at the same time. The UI is easy to understand, you can earn crypto for inviting your friends to the platform, and you can even submit your own token for listing.
If you want to support blockchain’s cause, getting started on the Bittrex website will establish the building blocks of tomorrow, and you can download the iOS or Android app to begin trading on your phone.Visit Bittrex
Much like Binance, you cannot directly purchase ADA on Bittrex. You can trade listed cryptocurrencies that you already own for ADA (Bitcoin, Ethereum, etc.).
You can also make a USD deposit (wire transfer only) or a EUR deposit (international wire transfer, SEPA credit transfer, debit card and credit card only).
Once you have made a deposit, you can purchase a listed crypto coin and trade it for ADA. we recommend buying Bitcoin and trading it for Cardano.
Kraken allows you to purchase ADA via a made fiat currency deposit (bank transfer, debit card, in-person cash, etc.).
Withdraw Cardano coin to your wallet
Once you have purchased ADA on a cryptocurrency exchange using a fiat currency and payment method of your choice, the final step of the process is to withdraw your purchased ADA to your chosen wallet.
While some exchanges permit you to store your bought cryptocurrencies on the exchange itself, refrain from doing so.
Click on the withdraw button, specify the wallet address you want to send your ADA tokens to and enter the amount of ADA cryptocurrency you want to send. You should receive the ADA tokens within 10-15 minutes.
How to buy Cardano with USD?
It is fairly easy to buy ADA with USD. Most of the major cryptocurrency trading platforms mentioned so far (Coinmama, eToro, Kraken, etc.) allow you to deposit funds in USD via payment methods like bank transfer, debit card, PayPal, etc.
Choose a payment method that best suits you, deposit funds in USD, and purchase ADA tokens accordingly.
Binance does not allow you to buy ADA directly with USD deposits. You can buy listed crypto-currencies like Bitcoin, Ethereum, etc. via wire transfer in USD or via credit card and trade these tokens for Cardano.
How to buy Cardano with PayPal?
The first way to buy Cardano with PayPal is on eToro. Click on the ‘Deposit Funds’ option, followed by the ‘PayPal’ option and the ‘Continue’ option.
You will be redirected to PayPal – enter your login details, review the transaction, and click on the ‘Pay’ button. Your account should be credited almost immediately.
Once you receive the deposited funds, you can go on to purchase Cardano.
Your second option is to purchase Bitcoin, Ethereum, or Tether via PayPal (peer-to-peer (P2P) trading) on Binance and trade your purchased cryptocurrencies for Cardano (Bitcoin is recommended).
Once you’ve purchased Cardano, you should think about where to store your newly-bought crpyto asset. You see, cryptos have private keys work like a bank pin. Take note, not your keys, not your coins.
Cardano Non-Fungible Tokens (NFTs)
If you’re also into NFTs, you might be interested in this. CNFT.io was launched in July 2021 and the first marketplace on Cardano. The team behind this project will be adding loads of new features over the next few months. Unfortunately they don’t have a phone number to contact (just in case you’re interested). However, you can get in touch through their social media channels or their official website CNFT.io.
How and Where to Buy Cardano (ADA) in Australia 2022
How to Buy Cardano (ADA) in Australia 6 Easy Steps
1.) The first step is to find a crypto exchange that sells Cardano. Because Cardano is among the most well-known digital assets out there, you can buy ADA on almost all of the best crypto exchanges in Australia.
Here’s a tip. If you are comparing cryptocurrency exchanges where you can purchase Cardano, the most important aspects to consider are transaction fees and security.
2.) Once you’ve find a good crypto exchange, set up and verify your account on the exchange you’ve chosen. Take note that before you can buy Cardano with an exchange, you should first make an account and then verify your identity for security and regulation. This is a very simple process that only takes a couple of minutes to complete.
Most likely, you will need to provide your name, active phone number, birth date, and of course your country (in this case Australia). You might also need to give further proof of identification like a copy of other government-issued ID, passport, or driving license.
3.) Now, it’s time to transfer funds. You can add funds to your account in various ways. You can deposit Australian dollars (AUD) from POLi, PayPal, PayID, debit card, credit card, bank account, etc. It might take a couple of days for cash to be cleared. You can also fund your account with digital currency. But take note that some exchanges need a minimum deposit.
4.) Decide how much you’re willing to risk. It is very crucial to set a firm budget for how much to invest in digital assets like Cardano. Because the value of Cardano is very volatile, you must only put in what you can afford to lose.
5.) Now it’s time to buy some Cardano. Once you’ve verified and funded your account, you can now purchase Cardano. Depending on the crypto exchange platform you choose, you might be able to make a recurring order and automatically purchase more ADA coins on a regular basis. Some crypto exchanges offer the option of using stops and limits.
6.) Decide where to store your newly-bought Cardano. If you’re planning to hold Cardano for a long-time, it’s best to store it in a cold wallet. But you can also choose your exchange wallet or Cardano wallets. If you’re planning to trade your digital currency from time to time, just store your ADA coins in a hot wallet.
Where to Buy Cardano (ADA) in Australia – 5 Best Crypto Exchanges
- AUD wIthdrawals or deposit funds from your account using different deposit methods such as bank transfers, POLi, OSKI, BPAY, and PayID.
- Australian exchange with over 290+ crypto assets that enables their customers to buy Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Cardano (ADA), and Litecoin (LTC), as well as DeFi coins like UniCoin.
- Receive $10 worth of Bitcoin when you sign up and verify your account.
- Comes with a demo mode. If you’re new to crypto, you should try Swyftx’s demo mode. This feature enables you to mock trade with no financial risk while you learn strategies in crypto trading.
- Invest in crypto for your SMSF and get ATO compliant reporting.
- Live chat customer support available 7 days a week with average response times of less than 60 seconds.
- Trade over 270 cryptocurrencies in a clean design that is fast and easy to use.
- Get 24/7 helpdesk customer support.
- Refer a friend and earn $10 Bitcoin.
- Buy Bitcoin, Ethereum, Ripple, and more than 300 other digital assets.
- Offers Instant Buy feature. Check the Cardano price in AUstralian Dollar (AUD) in real time!
- Unique, one-step trading feature.
- 0% trading commissions.
- Pick from more than 60 digital assets, including major stablecoins, emerging tokens, and altcoins.
- Get innovative social features and powerful analysis tools.
- Copy trades of well-known crypto traders.
- Access thousands of assets across multiple categories.
How and Where to Buy Cardano (ADA) in Canada 2022
How to Buy Cardano (ADA) in Canada 6 Easy Steps
1.) Look for a crypto exchange platform that supports Cardano. Because this cryptocurrency is among the top crypto coins in the crypto space, many big-name crypto exchanges support it. When picking choosing which crypto exchange is the best to buy Cardano, the best factors you should consider are two things: transaction fees (like deposit and withdrawal fees) and security of the exchange.
2.) Once you find the best cryptocurrency exchange for your crypto needs, it’s time to sign up and verify your account to use more features and for your account’s security. Signing up and verification is a very simple procedure that won’t take long to complete. Most of the time, you just need to provide your name, birth date, mobile number, and your country of residence (in this case, Canada). You might also need to give other proof of identification like other government-issued ID, driving license, or passport.
3.) Plan how much you to invest in Cardano. Because Cardano’s value can be volatile, you must only put what you can take to lose.
4.) The next step is to add funds to your account using different deposit methos. You can deposit fiat currency – Canadian dollars (CAD) from PayPal, Interac e-Transfer, Visa or Mastercard debit card, credit card or your bank account, etc. It can take a few days for cash to be cleared. At the same time, you can also fund your account with cryptocurrency. Keep in mind that some platforms need a minimum deposit
5.) After you’ve verified and funded your newly-created account, you can start buying some Cardano. Depending on the crypto platform you chose, you can create a recurring order and automatically purchase more ADA coins on a regular basis. Certain crypto exchanges offer the option of using stops and limits.
6.) Lastly, if you’ve bought a lot of ADA and planning to hold them for long-term, it’s important to store your newly-bought digital assets for extra layer of security. You can use your exchange’s wallet, Cardano wallets, and other 3rd-party wallets out there. On the flip side, if you wanna trade ADA most of the time, a hot wallet is probably a better choice. However, keep in mind that hot wallets have less security measures than cold wallets.
Where to buy Cardano in Canada – 2 Best Crypto Exchanges
- Cryptocurrencies stored on Coinbase servers are covered by an insurance policy.
- You can invest in cryptocurrency gradually by scheduling purchases daily, weekly, or monthly.
- Buy and sell well-known cryptocurrencies and keep track of them in easy-to-use platform.
- Unique, one-step trading capability.
- You can pick from more than 60 cryptocurrencies, including major cryptos, altcoins, stablecoins, and emerging coins.
Want to learn more about exchanges in Canada? Here’s a list of Best Crypto Currency Exchange Platforms in Canada.
How and Where to Buy Cardano (ADA) in the UK 2022
How to Buy Cardano (ADA) in UK – 5 Easy Steps
1.) The first step is to find a reliable crypto exchange platform or broker. In UK, we highly recommend FCA-regulated exchanges such as Binance, OKEx, Coinbase, Alvexo, and eToro as solid choices to buy Cardano.
2.) To fully use the features of a crypto broker or exchange, you need to undergo a KYC process first to verify your identity. This will also improve your account’s security and remove the limits of your account. The exchange you will choose will most likely have a step-by-step tutorial on how to verify your account.
3.) Now, it’s time to fund your account so you can buy Cardano. You can deposit fiat currency – British Pound Sterling (GBP) from credit and debit cards such as Mastercard and Visa, e-wallets such as Neteller and PayPal, and bank transfers.
4.) Next, look for Cardano in your chosen crypto exchange platform. There should be a search bar where you can search for Cardano.
5.) Finally, you should be able to see some ‘buy’ button to purchase some Cardano coins. Simply put the amount you want to buy.
Where to buy Cardano in UK – 5 Best Crypto Exchanges
- Binance – Best Broker to Buy Cardano for Asset Diversity
- OKEx – Best Low-Cost Broker to Buy Cardano UK via a Crypto Deposit
- Coinbase – Best Broker to Buy Cardano for Beginners
- Alvexo – Invest in ADA CFDs with a Regulated Broker
- eToro – Overall Best Broker to Buy Cardano UK
For a list of UK-based crypto exchanges, have a look at our comparison of the Best Crypto Exchanges in the UK 2024.
Priced at $0.166 at the time of writing, it is safe to say that Cardano is one for the present and the future. It is one of the largest cryptocurrency by market cap. The open-source blockchain Cardano network’s unique smart contract platform should see Cardano’s stock rise over time.
Buy ADA on a crypto-currency exchange of your choice and transfer your ADA tokens to a good crypto wallet.
When choosing a crypto exchange, gauge payment methods, trading fees, security, and convenience. When choosing a crypto wallet, prioritize security, and functionality.
Disclaimer: smartbillions.com provides all its content for informational purposes only, and this should not be taken as financial advice to buy, trade or sell cryptocurrency or use any specific exchange.