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Cardano
in Slovenia
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Learn More about buying ADA in Slovenia
How to buy Cardano in Slovenia
Is ADA a good investment in Slovenia?
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.
Learn more on Cardano official website.
Is Cardano legal to buy in Slovenia?
Yes. According to the virtual currency press release by the Bank of Slovenia, cryptocurrencies
are digital representations of value or token that are neither issued nor backed by a central bank
or a public authority. That being said, it is not illegal to accept crypto assets as a means of
payment in Slovenia. According to the mentioned statement, Transfer, purchase, storage and
trading of cryptocurrency, though warned to be risky, yet arises no legal problems in Slovenia.
Is Cardano taxed in Slovenia
According to the Financial Administration of the Republic of Slovenia (FURS), a natural person
resident in Slovenia is not taxed on the capital gains from the sale or use of virtual currencies,
unless the activity is considered to be a professional business. This is because, according to the
Slovenia’s Personal Income Tax Act, capital gains are generally not taxable if they result from
movable property or the disposal of derivative financial assets. Since cryptocurrencies are not
fixed financial assets or shares, they are not included in the individual’s taxable capital gain. But
according to the statement by the Financial Administration, individuals who engage in trading
and extracting virtual currencies as business activity are subject to income tax. More information
on the taxation of activities is published in the brochure on income from activities (in Slovenian).
After you've bought Cardano in Slovenia
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 Slovenia?
Anyone. Many crypto-trading platforms have launched following the cryptocurrency boom of the
last decade. This availability of numerous options can make it confusing for new investors to
select the places to buy cryptocurrency in Slovenia. With the help of crypto exchanges, you can
easily start your crypto transactions by creating an account. What distinguishes an exchange
from others, is the transaction services it offers, exchange fee and the payment methods it
provides for an easy and convenient crypto purchase. In Slovenia, payment methods such as
Apple pay, Google pay, Credit Card, Debit Card, Bank Transfer and PayPal are accessible. Our
exchange supports all of these payment services and offers you fast, safe and free of charge
cryptocurrency transactions in Slovenia.
Buy Cardano at your ease
Payment methods to buy Cardano in Slovenia
Credit Card
Debit Card
Bank Transfer
Credit Card
Debit Card
Bank Transfer
PayPal
Google Pay
Apple Pay
PayPal
Google Pay
Apple Pay
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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.
According to the Financial Administration of the Republic of Slovenia (FURS), if profits from
regular and business-like cryptocurrency activities are treated as capital gains under the
corporate law, capital gains are considered regular income, and the total amount of profits
earned is taxed at 19%.
Yes. According to the Bank of Slovenia, cryptocurrency is not recognized as legal tender.
Therefore, it is not widely accepted as a form of money. But according to the same statement, if
the service provider or goods seller is willing to accept crypto-payment, then there should be no
legal issues.
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 50 thousand people, 2.45% of Slovenia’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.