Cardano is a proof-of-share blockchain, which is a better alternative to the proof-of-work blockchain that has been used so far.
The project is said to have huge growth potential because of its large number of developers and extremely fast transactions.
ADA has not been a niche market for a long time. Cardano has been offered for trading for several years by many well-known trading platforms.
We have analyzed the best providers and will show you the best crypto-brokers and crypto-exchanges where you can buy Cardano in minutes.
Now you can find out which Cardano trading platform is best for you!
What is Cardano?
Cardano, founded in 2017, is one of Ethereum’s strongest competitors. Although not yet as popular, cryptocurrency has grown rapidly in the past.
At the same time, the price of Cardano was almost $3 per ADA coin, but now the value of the Cardano coin has plummeted.
Thus, the cryptocurrency remains volatile, which also has great benefits for investors willing to take risks, as Cardano’s value has meanwhile risen by more than 1500% in a few months.
Cardano still has great potential for development, aims to become a scientifically recognized blockchain, and already offers:
- ✅ Fast transactions (over 250 per second)
- ✅ Low transaction fees
- ✅ Green – (energy consumption is significantly lower)
- ✅ Passive income through mining
Cardano’s opportunities and risks
Cardano is still a new project, so it is only known to cryptocurrency experts. As such, the project has enormous potential, but development needs to be forward-looking.
While most crypto projects have only 5–10 full-time development teams, Cardano has around 250 full-time researchers and developers working on the success of the project.
Overall, however, more work needs to be done to communicate the benefits of Cardano to the public. Without widespread adoption, the project could end up failing, despite its undeniable quality.
5 tips for investing in Cardano
- ☝️ Decide whether you want to hold Cardano for the long term or actively trade
- ☝️ Determine how much you want to invest in ADA.
- ☝️ Cardano is volatile, so don’t make rash decisions about buying or selling!
- ☝️ Stay up to date and News
- ☝️ “Buy-and-hold” (HODL) has historically been a very profitable investment approach.
Buy Cardano from a cryptocurrency broker
Where do I buy Cardano as a newcomer? Our answer to that question is unequivocal: from a Cardano broker.
You can buy Cardano from these crypto and CFD brokers without having to deal with complex trading software or smart contracts beforehand.
So, CFD brokers and crypto brokers have to follow safety measures that are kept an eye on by government agencies like financial regulators.
As a result, you as an investor get a number of benefits, such as European deposit insurance for up to $100,000.
Cardano is one of the most popular and one of the top ten cryptocurrencies by total capitalization.
This is also one reason why a lot of brokers offer ADA as a way to buy and sell. This way, you can buy Cardano safely and legally.
Buy real Cardano coins on a cryptocurrency exchange
If you want to deal with blockchain technology for the long term and are more interested in real investments, it is best to buy ADA from a cryptocurrency exchange.
However, on many crypto exchanges, you will first need a Cardano wallet to which you can send your coins.
You can use any supported software or hardware wallet.
How do I buy ADA coins? Alternatives
In addition to buying real Cardano coins on cryptocurrency exchanges and CFDs on Cardano from cryptocurrency brokers, there are other options for investing in Cardano.
Here are some of the most common options:
You can think of warrants as a type of security traded on stock exchanges. When you buy a Cardano warrant, you get the opportunity to buy Cardano on a certain day at a fixed rate.
Buy Cardano offline
You can also buy Cardano offline for cash from individuals. For example, you could meet someone on an online platform who wants to sell Cardano and pay them in cash.
ETP stands for exchange-traded product. These are securities that are traded on a stock exchange.
The so-called ETP Cardano displays the Cardano exchange rate and is also physically backed by the real Cardano. The stock exchanges now also have Cardano ETPs that you can purchase.
Payment methods for Cardano purchases
Once you have decided to buy Cardano, numerous payment methods are available to you.
If you want to buy Cardano directly and without a long wait, use an online payment provider or credit card payment.
Buy Cardano with PayPal
PayPal is one of the best payment methods if you want to invest in Cardano quickly and easily.
Many places accept the payment service, and deposits are added right away to your account.
In addition, there are no additional deposit fees. By the way, payouts to your PayPal account are usually available within a few hours.
Currently, you can only buy cryptocurrencies with PayPal from cryptocurrency brokers. PayPal only works with trading platforms that are fully regulated, so cryptocurrency exchanges don’t accept this method of payment.
Buy Cardano by credit card
Credit card deposits are one of the deposit methods that are also instantly available in your brokerage account.
This allows you to buy ADA cryptocurrency directly.
All crypto brokers offer credit card deposits and withdrawals, and you can of course also withdraw money to your credit card.
Note that if you sell Cardano and then want to withdraw the fiat money to your credit card, it can sometimes take 2-3 business days to complete the withdrawal.