Buy Cardano
in Portugal

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.

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.

Yes. According to the Financial Action Task Force (FATF) document provided by Banco de
Portugal (Central Bank of Portugal) which was published to provide a definition for
cryptocurrency, virtual currency or cryptocurrency is a digital representation of value that can be
digitally traded and functions as a medium of exchange; and/or a unit of account; and/or a store
of value. According to the mentioned document, virtual currencies are the wave of the future for
payment systems and users can purchase cryptocurrencies and engage in specific activities
that involve virtual currency payments.

According to the taxation of cryptocurrencies official ruling form by the Portuguese Tax Authority
(Autoridade Tributária e Aduaneira), in line with the personal income tax regulation process No.
5717/2015, the Portuguese Tax Authority examined the possible classification of
cryptocurrencies within certain types of income that are subject to tax, like capital gains, capital
income and income from business activities. According to the above-mentioned document, the
tax authority decided that natural persons should not be taxed on their crypto gains from selling
cryptocurrencies. The Tax Authorities confirmed that the income from this type of assets is
presumably not taxable, unless the income arises from the performance of constant, regular and
professional activity.

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.

Anyone. The safest and simplest way to buy cryptocurrency in Portugal is through crypto
exchanges, specifically if you are a beginner entering the crypto-world. All you need to do is to
make an account, fund your account through a variety of payment methods, search for your
intended cryptocurrency and buy your crypto assets. Portugal authorizes payment services such
as: Apple pay, Google pay, Credit Card, Debit Card, Bank Transfer and PayPal. Our exchange
provides you with secure and fast cryptocurrency transactions through such payment services
whereas you pay no exchange fees for your transactions in Portugal.