Cardano is a decentralized public blockchain and cryptocurrency project. Cardano is a very secure crypto, and also it is scalable and transferable. Cardano token name is ADA. Cardano’s ADA token has the eighth highest market cap of all cryptocurrencies currently. Cardano’s owner is Charles Hoskinson, who is also co-founder of Ethereum. Both Cardano and Etherium are blockchain platforms.
Unlike market leaders Bitcoin and Ethereum, Cardano doesn’t require much energy, making it environmentally friendly crypto. If you’re interested in buying Cardano, here are the simple steps to how to buy Cardano.
If you want to get a start, investing in Cardano can be done quickly directly on Coinbase. You can get a $25 Instant bonus when you open a Voyager account right now.
Follow below 6 steps to buy Cardano (ADA)
Choose Best Crypto Exchange
The first part is about choosing the best exchange platform. Because Cardano is one of the biggest coins, many of the best cryptocurrency exchanges list it. Cardano is available on some of the most popular crypto exchanges and investing platforms:
Coinbase (Get $10 Sign up bonus)
Binance (Get $100 Welcome Offer)
Kraken (20% Discount on the first transaction)
WeBull (Get 2 Stocks Free worth $2,300)
Sofi (Get up to $300 Assured Bonus)
KuCoin (Get $10 BTC + 5 KuCoin Tokens)
Before choosing any of the above platforms, security and reasonable fees are the two most important things to look for in a crypto exchange.
Create an Account
Once you choose the Crypto Exchange platform, enter the following information to open an account:
Valid email address,
Create a new username
Set a strong, secure password to protect your account.
Verify your account
After providing your name, date of birth, country of residence, and phone number, you can buy ADA with cryptocurrencies like ETH and BTC. In order to use cash (i.e., USD, EUR, or GBP), you’ll need to provide information experts with additional supporting documents to verify your identity.
Once all set, you can fund your exchange account. Check what payment methods and fees the crypto exchange accepts. Here are the most common payment methods:
- ACH bank transfer
- Debit cards
- Credit cards
Make Your Purchase
Once your account is funded, you’re ready to purchase ADA. It’s time to convert some USD to ADA. Simply navigate the Cardano page on your Exchange and make your purchase.
Once you have the funds in your exchange account, choose the amount of money you want to spend on Cardano. The Exchange will show you a preview of the transaction with the fees and the amount of Cardano you’ll receive. If it looks correct, confirm the purchase.
Bank deposits from bank accounts are usually free of charge at top exchanges. Keep in mind that the transfer process from a bank account can take a few business days. You still pay transaction fees when buying crypto, but it is cheaper than other payment methods. With debit cards, credit cards, and PayPal, you’re charged more fees for crypto purchases.
What to Do After I Buy Cardano
You can do the following thing once you have successfully bought Cardano.
- Hold and sell once you get a great return—many users expect it to increase in value.
- You can trade the Cardano with highly crypto coins.
- You can buy Cardano online and send it to anyone and anywhere with their Cardano address at ZERO fees.
- You can also purchase goods and services with your Cardano. More and more vendors and retailers accept Cardano every day.
- You can trade Cardano with stable coins such as (BUSD, USDC, etc.).
Best Crypto Wallets for Cardano ADA
If you’re looking for somewhere to store ADA, only one compatible wallet is available for now. Known as Daedalus, it’s the official Cardano wallet.
Check out this dedicated list of the best crypto wallet for ADA:
- Ledger Nano X– [Best Cardano wallet for staking]
- Trezor Model T– [Trustable hardware wallet for Cardano]
- Ledger Nano S– [Old but tried & tested wallet for ADA coins]
- AdaLite–[Oldest Web wallet for Cardano]
- Yoroi– [Best Cardano wallet for iOS mobile & Web browser]
- Exodus Wallet– [Best Cardano wallet for Android]
- Daedalus Wallet– [Best wallet to stake Cardano on Desktop ]