With the expansion of the decentralized finance (DeFi) market and new blockchain networks offering crypto solutions, many investors are searching for new ways to get access to Cardano (ADA). If you want to know where to buy ADA (Cardano), then you are in the right place.
Cardano is one of the blockchain networks that promises to bring efficient and reliable solutions to crypto investors and users. In this guide, we are going to share with you where to buy Cardano (ADA) and how to do so. There are some exchanges that would let you get access to this unique virtual currency in just some simple steps.
What is Cardano (ADA)?
Before we go into the details of where to buy ADA crypto, we should know what Cardano is and how it works. This would let us have a clear idea of this project and why it became very popular in recent years.
In order to understand what Cardano is, we should know that this project is divided into three different organizations that are in charge of different areas of this blockchain network and cryptocurrency.
Cardano is based on three main parts IOHK, EMURGO and the Cardano Foundation. This decentralized way to organize the project shows the idea they have in mind. The founder of Cardano is Charles Hoskinson, which helped to co-create the Ethereum (ETH) blockchain.
EMURGO is a blockchain company that offers crypto and blockchain solutions to companies all over the world. This is in charge of working on the technical aspects of this platform and the way in which it operates.
Instead, the Cardano Foundation makes sure that Cardano is compliant with all the regulations around the world. The Cardano Foundation works with regulators in different jurisdictions and makes sure legislation is properly promoted. This makes it possible for the Cardano protocol to solve real-life problems.
Finally, IOHK is also working on the development of Cardano. With people located all over the world, this company is in charge of building blockchain-related infrastructure projects and solutions.
Cardano as a project aims at solving the scalability problem that is currently facing the cryptocurrency market. If you want to know where to buy ADA (Cardano), this is because you want to get exposure to it.
This cryptocurrency project works with a Proof of Stake (PoS) consensus algorithm that helps the network remain secure. At the same time, the network validates transactions rather than blocks. This is one of the main differences that it has with other projects in the market.
Furthermore, Cardano works with a multi-layered network. This makes it possible to separate both the accounting and computational elements of this network. Cardano has already made it possible for users to get access to smart contracts, decentralized applications and more.
In the coming years, Cardano could become one of the most useful and powerful blockchain networks in the market. This is the reason why we see Cardano among the largest cryptocurrencies in the world.
What is ADA Cryptocurrency?
ADA is the virtual currency used on the Cardano network. This is why we created this guide on where to buy ADA (Cardano), for you to get exposure to one of the largest virtual currencies in the world.
The virtual currency works as a proof of stake coin and it allows holders to participate in the operation of the network. Users can vote and propose different changes to the network. If this is one of the reasons why you want to know where to buy ADA (Cardano), then you could do so in different places.
Moreover, the cryptocurrency powers the entire Cardano blockchain network. This is similar to the role that Ether (ETH) plays on the Ethereum network. At the same time, the digital asset is now used by different companies that want to get access to some of the solutions offered by Cardano.
Additionally, with the expansion of the DeFi market, it might be possible for Cardano to become a valuable virtual currency. It could be used to pay for network fees and also to get access to different Decentralized Finance applications.
Nowadays, Cardano is the fifth largest crypto in the market. Bitcoin (BTC), Ethereum (ETH), Tether (USDT) and Binance Coin (BNB) are only larger than ADA. This shows how important it became in recent years. Each ADA can now be purchased for $1.35 and it has a market valuation of $42 billion.
Where to buy ADA (Cardano)?
There are different places where to buy ADA (Cardano). You can use a wide range of exchanges that would make it easy for you to get access to this virtual currency. The easiest way to get access to this virtual currency is using fiat currencies and any of the most popular payment methods.
When we think about these payment methods, we make reference to credit and debit card payments, wire transfers or P2P purchases. Everything will depend on the exchange and which are the services they have available on these specific platforms.
Furthermore, by using exchanges you will also be able to speculate with the price of this virtual currency. You can buy it and sell it against USDT and other digital assets, depending on the platform that you use. If you want to know where to buy ADA coin, you should also understand your needs.
What payment methods are the most convenient for you? Which solutions do you expect to have from an exchange? Are all the platforms available in your jurisdiction? These are just example questions that you should make to yourself in order to understand which are your needs and to also know where to buy ADA (Cardano).
The following is a list of exchanges that are now supporting ADA coin and that would allow you to purchase Cardano. Each of them has different payment methods and solutions that you could use at any moment. You can decide the exchange you want to use according to your needs.
Binance is one of the largest and most popular exchanges currently available in the crypto market. It was created and launched in 2017 and it has been offering solutions to users since then. This could be one of the best platforms if you want to know where to buy ADA (Cardano).
The exchange has been adding new tokens on a regular basis since it was launched and it is now one of the most advanced platforms to handle cryptocurrencies. If you want to have different payment methods in order to buy Cardano crypto coin, then this is one of the best platforms you can use.
Binance is also offering users the possibility to stake ADA. In this way, Cardano users that want to be engaged with the Cardano network do not need to have the technical knowledge to do so. Binance supports a large number of payment methods, including debit and credit cards. Moreover, users can deposit funds using wire transfers.
Additionally, in some jurisdictions where exchanges are not allowed, Binance facilitates P2P trading for individuals. This enables users to know where to buy ADA (Cardano) and get access to many other virtual currencies in the crypto market.
Finally, Binance has also added a wide range of services besides trading. This is one of the most attractive points of this exchange that is now becoming larger and larger on a daily basis. If you want to know where to buy ADA (Cardano), then this could be one of the best platforms for you.
Coinbase is among the most famous crypto exchanges in the market. This platform became popular due to how easy it made it for users to buy digital assets. Individuals from different jurisdictions were able to purchase Bitcoin and other virtual currencies using numerous payment methods.
This platform started as an exchange to trade Bitcoin, Ethereum and then Litecoin. However, the number of coins accepted has been growing over the last few years as per users’ requests.
In addition, the ADA/USD represents one of the largest volumes for the ADA virtual currency in the world. Coinbase includes the following trading pairs for Cardano: ADA/USD, ADA/ETH, ADA/EUR, ADA/USDC, ADA/BTC and ADA/GBP. They represent 5.24% of the total Cardano trading volume around the world.
If you want to know where to buy ADA (Cardano), then Coinbase is the right choice for you. This exchange is also offering staking possibilities for users, meaning that you can also enjoy other services related to Cardano if you use this platform. Moreover, Coinbase is one of the most regulated exchanges in the world. If you care about compliance, then this is the right exchange for you.
KuCoin is also one of the exchanges with the largest liquidity for Cardano just behind Binance, Coinbase and Huobi Global. This exchange has been growing as a platform that protects users’ privacy as it was one of the exchanges without Know your Customer (KYC).
Nowadays, KuCoin is also compliant with the regulations imposed by different organizations and governments in order to remain operative. At the moment, KuCoin has 4 different trading pairs for Cardano, including the following: ADA/USDT, ADA/BTC, ADA/USDC and ADA/KCS. Together they account for 1.35% of the total Cardano trading volume.
KuCoin is a clear competitor of Binance. It offers similar solutions to Binance and it has also been one of the exchanges with the largest number of tokens when the Initial Coin Offering (ICO) craziness started. This exchange is still among the largest and respected in many jurisdictions.
If you are searching for where to buy ADA (Cardano), this could be a great choice for you.
Let’s now move to Huobi Global and how this exchange could be one of the best possibilities for you to get access to Cardano. Huobi Global has four different trading pairs for Cardano investors. These pairs include ADA/USDT, ADA/BTC, ADA/HUSD and ADA/ETH. They all account for 2.5% of the total trading volume for Cardano around the world.
Is Huobi Global the exchange where to buy ADA (Cardano)? Definitely yes. In this platform, you can deposit funds through different payment methods and get access to one of the most advanced trading platforms currently available in the market.
Huobi Global is present in most of the jurisdictions and it continues expanding to different countries. The exchange offers a large number of trading pairs and it also has some perks for users that hold and use the HUSD stablecoin.
This is just one of the many platforms that you can use if you want to know where to buy Cardano (ADA).
Kraken is a great exchange where to buy ADA (Cardano) due to a large number of trading pairs available. If you want to buy ADA using different fiat currencies, then, this could be the right platform for you.
Users can get access to Cardano with these trading pairs:
All of these trading pairs account for 2% of the total trading volume of Cardano trading pairs around the world. In this way, you can get access to ADA without having to be worried about the trading pair you use or the fiat currency you have.
Kraken is certainly one of the most compliant platforms with regulators around the world. They want to offer solutions to clients in different countries and this is why they have close contact with regulators.
Bithumb Global is an international crypto exchange that focuses on Asian markets and that offers users the possibility to get access to Cardano. Through their ADA/USDT trading pair, you will be able to acquire ADA using a regional exchange.
This platform, however, handles just 0,20% of the total trading volume for Cardano. Despite that, this could be a good option if no other exchange is available in your region. Let’s not forget that Bithumb Global is just a subsidiary of Bithumb, which operates mostly in the Korean market.
We have seen that it is possible to buy Cardano on a wide range of platforms. Most of them are available in most jurisdictions, but you still need to check if you can trade digital assets in your country.
All the trading platforms that we shared with you in this guide handle around ⅓ of the total trading volume of the Cardano virtual currency. If you want to get access to this blockchain network or just know where to buy ADA (Cardano), these are some of the best platforms you can try.
Source: Read Full Article