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How to buy Cardano with Bank Transfer
Why investors buy Cardano with Bank Transfer
SEPA or Single Euro Payments Area is a bank transfer payment system created by the European Union. It is a system that allows cross-border payments in Euros within the Euro-zone. European Union and neighboring country residents frequently use SEPA to send and receive payments using the funds in their bank accounts. A trustworthy framework for quick and affordable money transfers is provided by this network. A business must adhere to stringent guidelines and meet the highest security standards in order to offer SEPA wire transfers. Using SEPA bank transfers, you can buy cryptocurrency at our exchange and deposit and withdraw EUR easily. Offering payment options via bank transfer or SEPA would have the following main benefits:
- Instant payments are one option provided by the SEPA payment system. Weekends and holidays are not excluded from the SEPA Instant transfer schedule.
- High security because every transfer has to be cleared by several banks on its way to the exchange.
- No deposit fees, high buying limits
Is ADA a good investment?
Cardano and its official coin “ADA” is known as the third generation blockchain, which has fulfilled the issues on the previous generations of blockchains. It is now faster and cheaper than Bitcoin and Ethereum. But that’s not the only benefit that this coin has. There are other factors to check to find out if Cardano is a good investment. One of them is its performance over the years. ADA was released as the native token of Cardano in 2017 with the price of $0.024, which was the lowest price of this token. Very soon the price rose up to $3 in 2021, which shows this coin was a good long-term investment.During this period, ADA had many fluctuations, but analysts always had positive opinions about this coin.
One important thing to consider is that no one can guarantee if the future of a coin is positive because everything in the world of cryptocurrencies is volatile and risky. However, the price predictions of a coin can help you see how positive the analysts and experts think about the future of a coin. Many experts have predicted the future of ADA until 2030 between $3 to $5. Thus, considering a long-term investment, check the price of ADA for the day you are buying and check the future prediction for up to 5 years later. Think about the risks and choose an exit point for your investment. These steps can help you have a good investment.
Who can buy Cardano with Bank Transfer
Citizens living in a Eurozone location are able to open a bank account and use SEPA. If you are based in a non-Eurozone country, you can easily check which banks offer SEPA if you want to make this type of transfer. You can purchase any kind of cryptocurrency directly into your personal wallet without making any initial deposits by using our exchange to perform a straightforward SEPA transfer with your bank account.
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.
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.
How to buy ADA with Bank Transfer instantly?
SEPA is a way to make European cross-border payments simpler, cheaper, and faster. It is one of the most cost-effective and convenient ways to transfer money within the EEA. As the ease of use and clear navigation that come with using SEPA/bank transfer as the initial payment method may appeal to users, buying cryptocurrency with SEPA is likely the best option to purchase crypto assets in Europe instantly.
Where can I buy ADA online with a Bank Transfer?
If you prefer simple and secure crypto trading, SEPA/bank transfer would be your ideal method. Our exchange offers SEPA/bank transfer as a payment solution to give its users more options to buy cryptocurrencies easily. You must first log into your account on Blocktrade.com in order to use SEPA/bank transfer payment on our exchange. Then, after entering the number of cryptocurrencies you need to buy and choosing to charge up your account balance using SEPA/bank transfer, finish your cryptocurrency purchase.
Is ADA 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.
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FAQ
Frequently asked questions
ADA is a popular digital asset on the market that is actively in use. Its history and the predictions of its future show that ADA can be a good option for people who consider buying a crypto and take their first steps to this market.
Some of the greatest advantages of this payment method include: Simplified payments handling, Reduced processing costs, Reduced bank charges, Quick payments, and Easier cross-border transfers.
Cardano was created to act better than Ethereum and it is actually doing better than its previous generation; it can do more transactions per second, has more scalability, and is more sustainable than Ethereum and Bitcoin.
There are no fees associated with this method initially. But note that SEPA trades crypto by Euro fiat currency, so if you insist on trading with other currencies using this method might require extra fees. Also, there are zero exchange fees for your crypto-trading through our exchange.
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.
SEPA compatible areas consist of EEA (European Economic Area) countries, the United Kingdom, Switzerland, Andorra, Gibraltar, San Marino, and Vatican City.
