Buy Cardano
in Spain

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 document Crypto-assets: a financial authority’s view by the central Bank
of Spain (BDE), the common trait of crypto-assets is that they are a digital representation of
value or a set of contractual rights. According to the same document, cryptocurrencies rely on
distributed ledger technology (DLT) to be legally transferred, traded and stored.

Yes. According to the legislative document published by the Spain government, crypto traders
have to inform the tax authorities about the ownership of any cryptocurrency held, and any
transaction made in a very detailed way. This applies to crypto both in and outside Spain.
According to the above-mentioned law, depending on the transaction, crypto assets in Spain
can be subject to different taxes which include: Income Tax, Income Savings Tax, Inheritance
and Gifts Tax, and Wealth Tax. You may have to pay between 19% to 26% in tax depending on
how large a net profit you have made. You need to declare your crypto activity in terms of
income and capital gains in your annual income tax return.

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 can receive, store, send, exchange, buy and sell cryptocurrency easily by the help of a
cryptocurrency exchange in Spain. Though it is important that your exchange supports different
payment methods available in Spain like: Apple pay, Google pay, Credit Card, Debit Card, Bank
Transfer and PayPal. Our exchange offers one of the best services in the country with the
access to payments through the mentioned resources while charging no exchange fees for
secure and fast transactions.