Cardano continues to make waves in the hotly contested Defi space. Given its strong value propositions of interoperability, scalability, and security, several investors are already curious about how to buy Cardano.
If you are one of those investors, this guide will show you how to buy ADA and the best place to buy Cardano easily and within minutes.
The year 2021 was a watershed year for cryptocurrencies as the industry began to see massive adoption. Crypto exchanges and brokers also boomed, with over 400 currently offering these blockchain-based assets.
Given this wide array of choices, savvy investors are now searching for where to buy Cardano easily and with low fees. Here are our top platforms to buy Cardano in 2022.
1. eToro – Overall Best Platform to Buy Cardano (ADA)
2. Binance – Top Platform to buy Cardano (ADA)
3. Coinbase – User-friendly Platform for Cardano (ADA) Trading
4. Webull – Best Platform to Buy Cardano (ADA) with 0% Commission
5. Gemini – Top Cardano (ADA) Platform for High-Speed Trades
This section explores our selected crypto brokers and exchanges to help you make an informed investment decision. Nowadays it's easy and simple to buy cryptocurrency from the comfort of your home.
Ever wondered how to buy Bitcoin and Cardano safely with low fees? Let's explore the best providers that facilitate crypto trading for beginner traders.
eToro is our number pick for the best place to buy Cardano (ADA). Founded in 2007 by David Ring and the Assai brothers, eToro is a financial investment services provider. The platform's core appeal lies in its being structured as a social trading platform.
This is apparent as traders and investors can chat and communicate on eToro making it a social hub specific to traders. The platform also has a CopyTrader functionality which enables inexperienced traders to profit from trades from their more experienced counterparts.
This feature allows one set of traders to copy other more advanced traders' strategies and investments while paying a nominal fee. eToro also comes with an in-house portfolio management tool called the CopyPortfolio, which allows automated diversification of trader investments across several top-performing sectors and regions.
eToro is also meticulous about security. The broker has operational licenses from top global regulatory bodies, including the UK's Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), the Cyprus Securities and Exchange Commission (CySEC), Financial Industry Authority (FINRA), and a host of others.
eToro offers support for over 40 top crypto projects while enabling zero deposit fees for funding your account. Supported payment methods include bank wire transfer, credit/debit cards, PayPal, and other top e-wallet solutions. Minimum deposit varies according to user region, and you can check out the support page to know how much you need to fund your account.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
Binance is a household name in the crypto scene and is a top platform to buy Cardano (ADA) and hundreds of other cryptocurrencies. Launched in 2017 by Chinese entrepreneur Changpeng Zhao, Binance has since gone on to enjoy remarkable success as the crypto industry picks up steam. At present, Binance is the world's largest crypto exchange by trading volume.
You can easily buy and sell over 500 digital assets while enjoying advanced trading tools and research insights. This is coupled with Binance's Earn program, which allows users to grow their crypto funds by locking them for a period.
However, Binance fails in regulation as the $65 billion daily crypto training hub is not supervised by any known tier-1 body. Bar this, Binance demands that new users complete its know-your-customer (KYC) process in addition to whitelisting of address and two-factor authentication (2FA).
Trading fees are pegged at a nominal 0.10%, but users can slash this further to 0.025% by holding native token BNB in their wallets. Supported payment methods are bank transfers, credit/debit cards, PayPal, and peer-to-peer (P2P).
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
Coinbase is another cut of the new generation trading platforms. Coinbase aims to be the introductory crypto trading platform, which reflects how trading is carried out on the platform.
The firm platform features a new, clear, and concise design language and comes with an ease-of-use all users will be familiar with. Trades are executed easily and with the click of a button as there are zero complexities.
Coinbase has operational clearances from the Financial Crimes Network (FinCEN) and the UK's FCA. Coinbase currently boasts over 100 top altcoins in terms of supported crypto assets. Supported payment methods include debit cards, bank transfer, Apple Pay, and ACH. Debit card transactions incur a 3.99% fee, but you can enjoy free deposits with the ACH payment method.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
Webull cuts across several financial investment services sections and operates more in line with the regular financial markets. This means Webull offers trading services for stocks, commodities, options, CFDs, ETFs, and FX currency pairs.
However, the online trading platform has since incorporated crypto trading support for more curious and the younger range of its customer base. Users are treated to a rich colour theme and a user-friendly platform on Webull. Added to this, users get to trade whatever crypto-asset they want with 0% commission. Also, Webull comes with no minimum deposits.
The Webull web and app application offers users market insights and trends and intuitive and powerful advanced trading charts. The platform is regulated by FINRA.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
Gemini is one of the top Cardano (ADA) platforms to tap into the crypto ecosystem. The Bitcoin exchange is one of the top 10 most ranked crypto exchanges, which points to much liquidity in the hub.
Gemini enables seamless and effortless crypto trading. This is coupled with a full bucket load of offers for users. Gemini offers as much as 8.05% annual percentage yield (APY) on its Earn program. Gemini is regulated in New York by the New York Department of Financial Services (NYDFS).
If you are looking for a crypto trading platform with high transaction speed, Gemini is the one. The top US crypto exchange enables rapid execution of trades in microseconds through the ActiveTrader platform.
Cardano is a peer-reviewed blockchain protocol that aims to solve the blockchain trilemma of interoperability, security, and scalability. Self-billed as the third generation of blockchain, Cardano was founded by former team developer of Ethereum Charles Hoskinson in 2016.
Cardano aims to address all the deficiencies of Bitcoin and Ethereum and sees itself as a blockchain protocol for innovators and impact leaders. Cardano runs on a proof-of-stake (PoS) consensus algorithm called Ouroboros, dividing transactions into epochs or timeframes. Each validator is chosen and random and given a timeframe to secure and verify transactions executed on the network.
Many see Cardano as a serious contender for the decentralised finance (DeFi) throne currently occupied by the Ethereum network. The asset's transaction speed (TPS) is expected to be much more than Ethereum's 17 TPS due to its reliance on a PoS model. The higher scalability and low energy requirements would make Cardano infinitely cheaper and also eco-friendly than the Ethereum network.
Cardano is currently under development and has previously launched smart contract support on its network.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
Cardano's position on the global crypto chart speaks for itself; however, below are some reasons to buy Cardano (ADA).
PoS is an upgraded format for validating transactions on blockchain protocols and is considered infinitely better than the proof-of-work (PoW) algorithms used by much older protocols. The asset is more cost-effective, environmentally sustainable, and has a higher transaction speed. Cardano's utilisation of this model makes it an ESG investor's first port of call, and an inexpensive protocol is a huge draw to many users and investors alike.
While Ethereum employs the 'break-and-learn model,' Cardano relies on a peer-reviewed approach. This means the Cardano network ensures all network upgrades are reviewed and validated by a network of experts across several fields before they are installed. This is expected to address issues surrounding bugs and network breakdowns in the future. Cardano's approach has been hailed by many as a more superior means of building a blockchain protocol.
Looking to enable an open and inclusive financial landscape, Cardano is working on becoming a major DeFi hub in the coming year. Its high speed and low cost would see more decentralised applications (dApps) onboard on the Cardano network.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
Cardano's price has stuttered compared to its peers. Following a remarkable run-of-form in the closing months of 2021, Cardano (ADA) rallied to an all-time high (ATH) of $3.10 on September 2 before tapering off. The utility token has since struggled to hit this previous price peg and has traded within the $1.5 and $2 range for most of the past month.
At press time, ADA price is trading at $1.238, up 7.59% in the last 24 hours. ADA is currently the 7th most valuable crypto asset by market cap.
As with all volatile assets, the future performance of Cardano (ADA) is largely unknown. However, the protocol's strong value proposition puts it in good stead to perform well in the future.
According to the crypto forecast website Wallet Investor, ADA may hit a $2.793 price peg in the next one year and rise as high as $9.220 in the next five years.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
If you are ready to buy Cardano, let's get right to it.
Navigate to eToro's website and click on 'Join Now' to open the registration portal. Once there, fill in your full name, email address, mobile number, username, and select a password. Click on 'Create Account' to continue.
eToro requires new users to complete the KYC process as part of its regulatory directives. You can easily do this by uploading a snapshot of your driver's license or official passport. You will also need to submit a snapshot of your utility bill or bank statement for proof of address.
The next thing is to make a deposit. If you are a US resident, you will need to make a first minimum initial deposit of $10. You can do this by clicking on the 'Deposit Funds' button and selecting between a bank wire transfer, credit/debit card, or e-wallet solutions like PayPal. Insert the amount and click on 'Deposit' to complete the transaction.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
Now, you can buy Cardano (ADA), and you can easily do that by typing 'ADA' into the search bar and clicking on 'Trade' to access the purchase page. Insert how much you want to invest and click on 'Open Trade' to complete the transaction.
Cardano is a top smart contract protocol in the making, and several investors are eyeing this crypto gem. This guide has revealed how to buy Cardano (ADA) within 10 minutes and the best place to buy Cardano.
We recommend using eToro due to lower trading fees and zero deposit charges. You also get to copy the trades of more advanced traders while mitigating against market volatility and profiting as well.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection. Your capital is at risk. Additionally, 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
You can buy Cardano easily on eToro. Just head over to the eToro website and register. Complete the KYC process, deposit, and buy ADA.
No, you will need to register with a crypto exchange first.
You can buy ADA on a number of crypto exchanges and brokers. However, we recommend using eToro due to the higher security of funds and more cost-saving strategies.
Social trading leader eToro easily comes to mind. eToro affords a more fun crypto trading environment with CopyTrading and CopyPortfolio capabilities. You also enjoy zero deposit and annual fees.
Cardano occupying the 7th spot on the global crypto rankings is no mere accident. The protocol's capabilities to solve the blockchain trilemma is considered a genuine proposition by several investors.
