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How to buy Cardano with Debit Card
Why investors buy Cardano with Debit Card
A debit card is a payment card that, unlike a credit card, is directly linked to the customer’s account using the money they have on deposit to pay for their purchase. Debit Card payment methods can be used to buy goods or to use services. Debit cards are accepted at millions of online stores and can be easily added to your digital wallets. Some of the main advantages of offering debit card payment services would be:
- The user never accumulates debt by spending from the debit card because it spends from users’ owned money directly. Therefore, it can help you prevent spending beyond your budget.
- It is safe to use against fraud.
- Debit cards do not have an annual fee.
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 Debit Card
Anyone with a bank account can own a debit card and anyone with a verified debit card and an account on our exchange can enjoy our Debit Card payment service to buy cryptocurrencies. Offering cryptocurrency purchase services using debit cards means more flexible financing for our exchange users.
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 Debit Card instantly?
The transactions paid through the Debit Card payment service are instantaneous, as Debit Card is directly linked to your cash-funded bank account. For that reason, depositing funds and withdrawing money from our exchange also happen instantly when using a debit card payment service as the funds are immediately deducted from your account.
Where can I buy ADA online with a Debit Card?
In order to offer more payment options for users to purchase cryptocurrencies simpler, our exchange provides Debit Card as a form of electronic payment service. To use debit card payment on our exchange, you must first log into your account on Blocktrade.com. After doing so, select the digital coin or the crypto token you want to purchase, enter the quantity of cryptocurrency you need to buy, and then choose to charge your account balance using a debit card. Your transaction will take place straight away.
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.
In a nutshell, we could name these advantages of Debit Card: No debt, No application or minimum credit score needed, Less fees, Identity theft protection, Fast withdraw verification
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.
Debit cards generally have no additional fees. But note, if you make a transfer from a terminal whose issuing bank is not your debit card bank, some transaction fees may be deducted from your card account. Or if you withdraw or spend an amount from this card that exceeds its balance, you will also have to pay a fee. But 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.
The bank may agree to the transaction in accordance with the conditions of your account or the policies of your debit card network, but it may also charge an overdraft fee for that transaction and any subsequent ones, up until you make a sufficient deposit.
