How to Buy Cardano (ADA)
Make your investments work for you: Buy and sell Cardano and 40+ cryptocurrencies instantly.
How to buy ADA
Just 3 easy steps to start investing in Cardano
Create your account
Sign up on the website, and verify your account with complete information.
Select a payment
Select whether you want to purchase ADA with PayPal, Google Pay, etc.
Choose ADA, select how much you want to buy, and make your first investment.
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Learn more about Cardano
What is Cardano ?
You may have heard about Cardano and ADA and wondered if there is any difference between these two names. First, you need to know that Cardano is the name of the company that has launched the ADA coin. Therefore, Cardano and ADA are somehow used interchangeably. To take a deeper look into Cardano we need to mention that Cardano is a decentralized public blockchain that is designed to have a faster and more efficient performance compared to its previous blockchains. As one of the first blockchains of this new generation, Cardano has become so popular and one of the biggest cryptocurrencies by market cap. From the first day of its release, it acted better than most of its previous competitors.
Learn more on Cardano official website.
What is ADA ?
As mentioned, ADA is the native token of Cardano blockchain, which was released a few months after the opening of the company in 2017. This coin is pre-mined, which means there are an exact number of it on the market. The total supply of ADA is 45 billion coins, and 33.5 billion of this coin is traded on the market until the beginning of 2022. When you are searching about the future of Cardano to invest in it, you are actually buying its coin, which is ADA. Like any other cryptocurrency, you can use ADA for different reasons. You only need to check which projects accept this coin. There are companies that accept this coin for transactions, so you can buy online products using ADA.
Is Cardano reliable
It’s important to mention again that investing in any cryptocurrency is risky and not predictable. But the reliability of a coin depends on different factors. First, its safety which you can guarantee by using a secure and protected wallet. Like any coin, there are different ADA wallets out there that you can choose to keep your coin safe. The other thing that can help you trust this coin is its founders. Cardano was founded by Charles Hiskinson, who was one of the co-founders of Ethereum. He created Cardano as an updated version of Ethereum. You know that Ethereum has been in this crypto world for a long time. Therefore, an updated version of it can perform even better.
One other important thing that can help you trust this blockchain and its coin is the companies that support it and how top investors are thinking about its future. The more companies accept this coin in their transactions, the more value this coin will have. Furthermore, analysts and top crypto investors predict a bright future for this coin, which shows not only ADA will be on the market in the long future, but it will also have a higher price that shows how valuable it might get.
After you've bought ADA
When you buy a coin, you can use it in different ways. Most people would like to keep a token as an investment. Therefore, they should find a secure wallet to keep their coins there and keep an eye on their price each day to find the right time to trade. But there are still other uses for ADA coins rather than just investing. Many companies accept ADA as a currency, so you can buy something on the internet and spend your ADA to pay for it. Most of the time, crypto coins are used for online games. ADA is accepted for some online games too. Furthermore, ADA can be used to build smart contracts and create decentralized applications.
Your entry to the world of crypto
Other Methods of buying Cardano
Where can I buy Cardano
If there is any crypto ATM near you, it is possible to buy some coins with these machines and you should check to see whether it sells Cardano or not. However, the process is not as simple as it seems. Furthermore, the ATM rates are somehow more than other methods.
You can buy Cardano directly from another person over the web.
Crypto Exchanges are the safest places for buying Cardano. You can use Blocktrade as a cheap, secure, and global exchange to buy ADA. You don’t need to pay any trading fee while using Blocktrade exchange. Sign up for free, create an account, and purchase ADA with a few clicks.
Blocktrade is available in 100+ countries
How to sell Cardano
Sign up and verify your Blocktrade account
You’ll need a username, email address and a strong password to sign up on Blocktrade. Then, you'll be guided to verify your account.
Deposit ADA to your Blocktrade account
To sell Cardano on Blocktrade, generate a deposit address and transfer the desired amount - just as simple as sending it to any Cardano address.
Start selling Cardano!
Once you deposited your Cardano in your Blocktrade deposit address, you’ll be able to sell your ADA.
Frequently asked questions
You should at least buy 1 ADA to activate your wallet. For other purposes such as voting or creating smart contracts you may need more ADA.
ADA and XRP are both well-known coins on the market, both are fast, cheap, and energy-efficient. Furthermore, most of the top brands support them as trusted currencies. However, some experts believe that ADA might perform slightly better than XRP in the future because it has a more promising blockchain.
The cost of buying Cardano can vary depending on where, how, and when you purchase it. Typically, the price is determined by supply and demand in the cryptocurrency market. The price can also be influenced by market sentiment and news about the cryptocurrency. To find the current price of ADA, you can either log in to our website and see the real-time price or check our Cardano Calculator to see the price of Cardano in your desired currency.
The future of every cryptocurrency is unpredictable; but experts and analysts believe that Cardano is one of the coins that may perform well on the market in the future.
There are several options to buy ADA such as cryptocurrency exchanges, Peer-to-peer marketplaces, Cardano brokers, etc. However, cryptocurrency exchanges are among the most popular ways to buy Cardano for beginners. You can easily buy Cardano without any buying fees from our exchange.
You need to have a wallet to keep your ADA safe. Generally, hardware wallets are considered more secure than software and mobile wallets. However, while choosing a wallet, you should consider the reason for buying the coin. For investment, hardware wallets are safer, but if you want to use the coin, a mobile or software wallet might be a better option.
There is no right time to buy Cardano, as the price is highly volatile and can fluctuate rapidly. Some experts believe that the best time to buy is when the price is low and predicted to rise, while others believe in buying and holding for the long term.
It is always recommended to do your own research, understand the risks, and have a clear investment strategy before buying Cardano or any other cryptocurrency.