Trusted by Cardano buyers, you can buy and trade Cardano in Slovakia and 100+ countries on Blocktrade without any fees easily.
Your entry to the world of crypto
Learn More about buying ADA in Slovakia
How to buy Cardano in Slovakia
Is ADA a good investment in Slovakia?
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.
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.
Is Cardano legal to buy in Slovakia
Yes. According to the National Bank of Slovakia (NBS), crypto activities are regulated to an extent harmonized with EU legislation; NBS defines cryptocurrencies as digital assets that are based on cryptography, decentralized and usually use blockchain technology. According to Methodological Guideline No. MF/10386/2018-721 issued by the Ministry of Finance of the Slovak Republic, a cryptocurrency means a digital carrier of value which is neither issued nor guaranteed by any central bank or public authority; is not necessarily linked to any legal tender; has no status of a currency or money but is accepted by some natural or legal persons as a means of payment; and can be transferred, stored, purchased and sold electronically.
Is Cardano taxed in Slovakia
Yes. According to Act No. 595/2003 Coll. on Income Tax, any income (earnings) resulting from a sale of virtual currency is considered taxable income for individuals and income from the sale of cryptocurrencies is listed under “other income” in personal income tax return. If the income is less than €38,000, the tax rate is 19% and if the income is higher, the tax is 25%. These taxes apply to individuals who earn money using cryptocurrency in Slovakia.
After you've bought Cardano in Slovakia
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.
Who can buy Cardano in Slovakia
Anyone. Buying cryptocurrency in Slovakia is much faster and more convenient with the help of exchanges.There are different means for purchasing cryptocurrencies that are supported in Slovakia such as Apple pay, Google pay, Credit Card, Debit Card, Bank Transfer and PayPal. Our exchange provides secure transactions through all of these services.
Buy Cardano at your ease
Payment methods to buy Cardano in Slovakia
Just 3 easy steps to your first investment in Cardano
Sign up and verify
Make your first
MANAGE YOUR PORTFOLIO
Buy Other Cryptocurrencies in Slovakia
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.
There are two factors that affect the cost of cryptocurrency purchase. The price of the cryptocurrency itself and the exchange commission. Our exchange is practically one of the cheapest means to buy crypto since it charges ZERO exchange fees for transactions.
According to the National Bank of Slovakia (NBS), crypto assets can be categorized as: Virtual assets, Utility tokens, and Investment tokens.
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.
It is estimated that over 140 thousand people, 2.57% of Slovakia’s total population, currently own cryptocurrency.
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.