Cardano is the advanced third-generation blockchain network that eliminates the issues of its precedent blockchains, Bitcoin and Ethereum. Early investors of Cardano benefited from its price appreciation when Cardano’s price reached an all-time high value of around $3 in the 2021 bull run.

If you invest in Cardano at the existing low prices, you can benefit in the next crypto bull run. However, most of the crypto enthusiasts, who would like to buy Cardano, do not know how to and where to buy Cardano (ADA) tokens. The present article covers everything you need to know and helps you buy Cardano (ADA) tokens.

• • Cardano claims itself to be one of the “Ethereum killers”, having advanced capabilities like scalability and Proof-of-Stake (PoS) mechanism.
  • It was launched by Charles Hoskinson, one of the original co-founders of Ethereum, and Jeremy Wood in 2017.
  • After splitting from Ethereum, Charles Hoskinson developed Cardano to improve upon the scalability and sustainability issues of Ethereum.
  • Investing in Cardano not only helps you build over the long run but also allows you to access decentralized applications of Cardano blockchain.

Where to Buy Cardano (ADA)?

You can buy Cardano in different methods using different types of platforms. From crypto exchange platforms to traditional brokerage platforms and hardware wallets like Ledger, there are several methods to buy Cardano. The following are some of the top crypto exchange platforms where you can buy Cardano.

All you need to have is an account in a crypto exchange platform and the funds to buy Cardano (ADA) tokens. The process of buying Cardano (ADA) tokens is almost similar on any crypto exchange platform. However, if you choose to buy Cardano using hardware wallets like Ledger, the process will be different.

Top Platforms Where You Can Buy Cardano

Binance

With the industry-low transaction fees and the largest use base, Binance is the leading crypto exchange platform to buy Cardano. Let us look at the simple process to buy Cardano (ADA) tokens on Binance.

• The first step to buy Cardano or any other cryptocurrency on Binance is to create an account. You can either use Binance mobile application or its website to create an account.
• Next, you need to verify your account and identity by uploading address proof and identity cards.
• The next step to buy Cardano is to click on “Buy Crypto” and select a payment method that is convenient for you. Binance supports credit card and debit card payments and bank transfers.
• You can also buy Cardano on Binance by selecting the P2P trading option. Here, you need to pay the amount to the person you are buying Cardano from through the agreed payment method.
• Check Cardano price and enter the amount you would like to invest in Cardano. Verify all the details and confirm the order to buy the required amount of Cardano on Binance.

Coinbase

Coinbase is the next best crypto exchange platform that is well-known for its industry-best security practices. You can buy Cardano on the Coinbase exchange platform using the following process.

• Create an account by signing up either on Coinbase website or on Coinbase mobile application. Next, you need to upload a valid ID proof and proof of address for verification purposes.
• The next step is to choose a payment method to buy Cardano on Coinbase. The platform supports bank transfers, debit card payments, and wire transfers to buy cryptocurrencies.
• Start a trade and search for Cardano from the list of cryptocurrencies.
• After finding Cardano and clicking on its page, enter the amount you would like to spend buying Cardabo and adjust it based on how many ADA tokens you would like to purchase.
• Verify all the details and confirm the transaction to buy Cardano on Coinbase.

eToro

eToro crypto exchange is a beginner-friendly platform to buy cryptocurrencies. You can buy Cardano on eToro with a simple step-by-step process.

• The first step is to register on eToro with your details like username, mobile number, email address. Then, upload your identity cards for the platform to verify your identity.
• After the registration process, add funds to your eToro account using the supported payment methods – bank transfer, online payments, and card payments.
• The next step is to search for Cardano on the watchlist and select the crypto to buy. Enter the amount you would like to spend on buying Cardano.
• Cross check all the details and once you confirm the transaction, you will receive Cardano (ADA) tokens into your account.

Is Cardano a Promising Investment?

Cardano stands out from the rest of the blockchain networks with its unique system of scientific research and peer review methods. Developers or team members of Cardano publish a paper and send it to the review before implementing it on the Cardano blockchain.

Adding to that, the blockchain is undergoing a lot of network developments to continuously improve its applications and use cases. Along with the increasing developmental activity on the Cardano blockchain, the number of decentralized applications on Cardano is also increasing. These factors make Cardano the best long term crypto to buy despite the short term price changes.

With enhanced smart contract features, Cardano is suitable for different types of applications including NFTs, Web3 games, and for making native currency (ADA) transactions. Considering all these factors, Cardano price can reach new all-time highs in the future, which makes it a promising long-term investment.

Conclusion

Cardano is a unique blockchain project with a good future growth potential. Investing in it when the ADA token is trading at low prices will reap profits when it reaches the next all-time high value. Besides, Cardano is one of the cheap crypto to buy among other cryptocurrencies.

However, cryptocurrencies are volatile and are risky investments. So, do not invest more than what you can afford to lose in the unexpected market conditions. We hope the present guide helps you buy Cardano on crypto exchange platforms!

Frequently Asked Questions (FAQs)