Best Cardano Exchanges in 2023

Our team has reviewed several Cardano exchanges and compiled for you a list of the 10 best Cardano exchanges.

1. Kraken  – best for beginner and advanced traders, with a wide range of available crypto and good security processes
2. Coinbase  – best for beginners, with an intuitive, user-friendly interface and easy purchase process
3. Binance  – one of the most popular exchanges, with a large selection of cryptocurrencies and low fees
4. eToro  – best for social trading, with a user-friendly platform that allows users to copy the trades of successful traders
5. Bitstamp  – best for low fees, with a simple fee structure and competitive rates
6. KuCoin  – a fast-growing exchange with a wide selection of cryptocurrencies and low fees
7. CoinEx  – a user-friendly exchange with a simple fee structure and low fees
8. OKX  – a well-established exchange with a large selection of cryptocurrencies and good security processes
9. Bybit  – best for margin trading, with a user-friendly platform and competitive rates
10. Gate.io  – a popular exchange with a wide selection of cryptocurrencies and low fees

Reviews of the Top Cardano Exchange Sites

You can have a look at some of the reviews of our 10 best Cardano exchanges.

1. Kraken Exchange Review

• Overview: Kraken is a well-established cryptocurrency exchange that has been operating since 2011. It is headquartered in San Francisco, California, and offers a wide range of trading options for both beginner and advanced traders.
• Tradable coins: Kraken supports more than 200 cryptocurrencies, including Cardano (ADA).
• Fees: Kraken’s fee structure is competitive, with fees ranging from 0% to 0.26% depending on the trading volume. The fees are lower than many other exchanges, making it a good choice for traders who want to keep costs low.
• Pros:
  • Low fees
  • Good security processes
  • Wide range of available cryptocurrencies
• Cons:
  • Can be overwhelming for beginners
  • Customer support can be slow at times
• Visit Kraken 

2. Coinbase Exchange Review

• Overview: Coinbase is a user-friendly cryptocurrency exchange that was founded in 2012. It is headquartered in San Francisco, California, and is a good choice for beginners who want to start trading cryptocurrencies.
• Tradable coins: Coinbase supports a limited number of cryptocurrencies, including Cardano (ADA).
• Fees: Coinbase’s fee structure is relatively high, with fees ranging from 1.49% to 3.99% depending on the payment method. However, the user-friendly interface and easy purchase process make it a popular choice for beginners.
• Pros:
  • User-friendly interface
  • Easy purchase process
  • Good security processes
• Cons:
  • Relatively high fees
  • Limited selection of cryptocurrencies
• Visit Coinbase 

3. Binance Exchange Review

• Overview: Binance is one of the most popular cryptocurrency exchanges in the world, founded in 2017. It is headquartered in Malta and offers a wide range of trading options for both beginner and advanced traders.
• Tradable coins: Binance supports a large number of cryptocurrencies, including Cardano (ADA).
• Fees: Binance’s fee structure is relatively low, with fees ranging from 0.1% to 0.02% depending on the trading volume. The fees are lower than many other exchanges, making it a good choice for traders who want to keep costs low.
• Pros:
  • Large selection of cryptocurrencies
  • Low fees
  • Good security processes
• Cons:
  • Can be overwhelming for beginners
  • Customer support can be slow at times
• Visit Binance 

4. eToro Exchange Review

• Overview: eToro is a social trading platform that was founded in 2007. It is headquartered in Israel and offers a user-friendly platform that allows users to copy the trades of successful traders.
• Tradable coins: eToro supports a limited number of cryptocurrencies, including Cardano (ADA).
• Fees: eToro’s fee structure is relatively high, with fees ranging from 0.75% to 5% depending on the payment method. However, the social trading feature and user-friendly platform make it a popular choice for beginners.
• Pros:
  • User-friendly platform
  • Social trading feature
  • Good security processes
• Cons:
  • Relatively high fees
  • Limited selection of cryptocurrencies
• Visit eToro 

5. Bitstamp Exchange Review

• Overview: Bitstamp is a well-established cryptocurrency exchange that was founded in 2011. It is headquartered in Luxembourg and offers a simple fee structure and competitive rates.
• Tradable coins: Bitstamp supports a limited number of cryptocurrencies, including Cardano (ADA).
• Fees: Bitstamp’s fee structure is relatively low, with fees ranging from 0.05% to 0.5% depending on the trading volume. The fees are lower than many other exchanges, making it a good choice for traders who want to keep costs low.
• Pros:
  • Low fees
  • Simple fee structure
  • Good security processes
• Cons:
  • Limited selection of cryptocurrencies
  • Can be overwhelming for beginners
• Visit Bitstamp 

6. KuCoin Exchange Review

• Overview: KuCoin is a fast-growing cryptocurrency exchange that was founded in 2017. It is headquartered in Seychelles and offers a wide selection of cryptocurrencies and low fees.
• Tradable coins: KuCoin supports a large number of cryptocurrencies, including Cardano (ADA).
• Fees: KuCoin’s fee structure is relatively low, with fees ranging from 0.1% to 0.05% depending on the trading volume. The fees are lower than many other exchanges, making it a good choice for traders who want to keep costs low.
• Pros:
  • Large selection of cryptocurrencies
  • Low fees
  • Good security processes
• Cons:
  • Can be overwhelming for beginners
  • Customer support can be slow at times
• Visit KuCoin 

7. CoinEx Exchange Review

• Overview: CoinEx is a user-friendly cryptocurrency exchange that was founded in 2017. It is headquartered in Hong Kong and offers a simple fee structure and low fees.
• Tradable coins: CoinEx supports a large number of cryptocurrencies, including Cardano (ADA).
• Fees: CoinEx’s fee structure is relatively low, with fees ranging from 0.1% to 0.02% depending on the trading volume. The fees are lower than many other exchanges, making it a good choice for traders who want to keep costs low.
• Pros:
  • User-friendly platform
  • Simple fee structure
  • Low fees
• Cons:
  • Limited selection of cryptocurrencies
  • Can be overwhelming for beginners
• Visit CoinEx 

8. OKX Exchange Review

• Overview: OKX is a well-established cryptocurrency exchange that was founded in 2017. It is headquartered in Malta and offers a large selection of cryptocurrencies and good security processes.
• Tradable coins: OKX supports a large number of cryptocurrencies, including Cardano (ADA).
• Fees: OKX’s fee structure is relatively low, with fees ranging from 0.1% to 0.02% depending on the trading volume. The fees are lower than many other exchanges, making it a good choice for traders who want to keep costs low.
• Pros:
  • Large selection of cryptocurrencies
  • Low fees
  • Good security processes
• Cons:
  • Can be overwhelming for beginners
  • Customer support can be slow at times
• Visit OKX 

9. Bybit Exchange Review

• Overview: Bybit is a cryptocurrency exchange that specializes in margin trading. It was founded in 2018 and is headquartered in Singapore.
• Tradable coins: Bybit supports a limited number of cryptocurrencies, including Cardano (ADA).
• Fees: Bybit’s fee structure is relatively low, with fees ranging from 0.075% to 0.025% depending on the trading volume. The fees are lower than many other margin trading exchanges, making it a good choice for traders who want to keep costs low.
• Pros:
  • Blazing fast trading engine (1ms)
  • Mobile app available
  • Leverage up to 100X
  • Automated trading bots
• Cons:
  • Limited pairs for trading bots
  • Copy trading feature seems to be in beta
  • Not regulated, which carries some risk
• Visit Bybit 

10. Gate.io Exchange Review

• Overview: Gate.io is a well-established cryptocurrency exchange that was originally founded in China in 2013. It has since expanded its focus and is now a global exchange platform. Gate.io offers a wide range of cryptocurrencies, including lesser-known ones, making it suitable for experienced traders.
• Tradable coins: Gate.io has over 1,300 available cryptocurrencies, providing a diverse selection for traders.
• Fees: The fee structure of Gate.io is not explicitly mentioned in the search results. It is recommended to visit the exchange’s official website for detailed information on fees.
• Pros:
  • Wide range of available cryptocurrencies
  • Advanced trading features, including margin trading
  • NFT trading platform
  • Offers crypto interest-earning products
• Cons:
  • Not easy to use, may not be suitable for beginners
  • Unclear availability for U.S. residents
• Visit Gate.io 

Factors to Consider When Choosing the Best Cardano Exchanges

If you are interested in the crypto industry, the first step you need to take is to select a reliable and safe crypto exchange. Although there are many exchanges that sell or buy Cardano, you might find it hard to decide on the best site. In this section, I will take you through some key factors that will help you narrow your search.

Variety of supported crypto & trading pairs

When you select a Cardano exchange, check whether your preferred coin is available. Top exchanges support over 500 currencies. Still, some exchanges only offer main cryptos, such as Bitcoin. Therefore, ensure your preferred site allows you to buy and sell altcoins like Cardano. In addition, the best ADA trading site should allow for fiat-to-currency and currency-to-currency trading pairs.

The Cardano exchange’s liquidity

The best ADA exchanges are highly liquid. This means that the site should have a high volume of orders. Big names in the industry tend to be more liquid than new exchanges. It then follows that they have a lot of users, and that most of their customers hold large amounts of assets. On such sites, you have the flexibility to make a trade at any time.

Liquidity is especially important during times of high volatility, which happens often in the crypto world. An exchange with less liquidity can worsen volatility, and this can cause prices to rise or fall drastically.

Are the transaction fees considerable?

We already know exchanges make their money through the fees from transactions. Common service fees include trading, deposit & withdrawal, and account fees. However, some Cardano trading sites have hidden costs. Before you sign up, understand the charges you can expect when you buy or sell Cardano.

The best ADA exchanges create tokens for users to get discounted trading fees. For example, if you are a Binance user, the Binance coin (BNB) allows you to transact at lower fees.

Security measures

Crypto exchanges are often a prime target for cybercriminals. Therefore, security should be among your top priorities when choosing a Cardano exchange. The sites we have recommended in this guide have robust security measures, like using two-factor authentications (2FA).

Other safety measures include storing funds in cold storage. Cold storage means that your Cardano assets are kept in a crypto wallet that stays offline, away from hackers.

Licenses and geo-restriction

There are several rules and regulations in the crypto industry. Due to the varying laws in different countries, exchanges restrict users from certain jurisdictions. If you are interested in a specific trading site, you must first confirm that it accepts users from your country.

Licensing is another key factor that determines the reliability of an exchange. We have put together the best Cardano exchanges licensed by established authorities. Top exchanges that sell Cardano are licensed by authorities like FINRA and FinCEN.

Does the Cardano exchange offer educational resources?

Top ADA exchanges feature several helpful education resources, especially for beginners. These sites have guides and informative blogs which cover the basics of Cardano. You can learn about how crypto betting works, how to acquire Cardano, and the risk management strategies.

Crypto Basics

As a beginner, it is important to understand the basic concepts of Cardano. There are educational guides tailored to provide you with a solid foundation in the crypto space. Examples of such resources include:

• Online courses: Platforms like Coursera, Udemy, and Khan Academy are excellent for beginners. You will find online courses on blockchain technology, cryptocurrencies, and related concepts. For more advanced learning, you can check guides on blockchain fundamentals and decentralized finance (DeFi).
• Video tutorials: YouTube and other video-sharing platforms like Vimeo have a great deal of content related to cryptos. Even as an experienced crypto user, you can find videos from experts in the industry.
• Blogs and Articles: There are many websites and blogs that publish informative articles on Cardano basics. These resources cover topics like Cardano wallets, decentralized applications (dApps), and smart contracts.

Trading strategies

Are you interested in Cardano trading? Luckily, there are educational materials that focus on trading strategies, techniques, and tips. These resources can help you enhance your skills and help you make informed decisions. They include;

• Trading books: Most trading books cover topics like technical analysis and risk management. I would highly recommend the “Technical Analysis of the Financial Markets” book by John J. Murphy.
• Online communities: One of the ways you can get insights into various trading strategies is to engage with online crypto forums. Examples of such platforms include Reddit, Bitcointalk, and TradingView.
• Webinars and workshops: Top ADA exchanges and trading platforms organize webinars and workshops. During these events, you can learn from other experienced traders.

Market analysis

As a crypto trader, it is essential to keep up with the latest market trends and analysis. Here are some resources that offer such insights.

• News websites: Websites like CoinDesk and Cointelegraph are great for Cardano users. They provide you with daily crypto updates and market analysis. You can learn about ADA price movements and industry trends on such sites.
• Podcasts: Crypto podcasts feature interviews with industry experts. These platforms are excellent if you’re looking for valuable insights and up-to-date analysis. “Unchained” by Laura Shin is one of the popular podcasts among crypto users. I would also recommend “The Pomp Podcast” by Anthony Pompliano.
• Social media: The social media space gives you access to influential figures and analysts in the crypto industry. Twitter is among the best sites for real-time market analysis, opinions, and insights.

Supported payment methods

Cardano exchanges accept many payment methods. These range from e-Wallets like Paypal to bank transfers. E-Wallets are the most preferred, since they support fast transactions and lower fees. You can also use Visa and Mastercard at ADA trading sites that support bank cards.

e-Wallets

e-Wallets are the most preferred. Some of the popular options include PayPal, Skrill, and Neteller. These banking methods are safe and secure. They use advanced technology to ensure that hackers cannot access your data.

Furthermore, e-Wallets are convenient and easy to use. You can quickly deposit money and withdraw your winnings with just a few clicks. Better yet, e-Wallets are widely accepted in ADA exchanges.

Credit/debit cards

Credit/debit cards are also a favorite option among Cardano users. We are already used to payings for online purchases with credit cards, so using them for trading crypto feels natural.

To buy or sell ADA, you only need to enter your card details and complete the transaction. Although you have to share your banking details, top card providers like Visa and Mastercard are highly safe.

These credit card providers use advanced SSL encryption to safeguard your information.

Bank transfer

Bank transfers are secure, since your funds are transferred directly from your bank account to the exchange. In addition, you can use online banking. As a result, you don’t have to go to a physical bank to process a transaction.

Unfortunately, bank transfers are often not the most effective payment method. This is in relation to the lengthy transaction time. Your deposits and withdrawals can take up to 5 working days.

Lastly, some exchanges may have specific requirements or restrictions regarding bank transfers. Be sure to confirm the policies of your preferred ADA exchange beforehand.

Digital tokens

The best Cardano exchanges allow you to fund your account using digital tokens. This is an excellent payment method if you want quick and seamless transfers.

Also, digital tokens offer privacy since you don’t have to reveal personal information. Similar to cryptos, digital tokens operate on decentralized networks. This means that your transactions are anonymous.

Types of ADA Exchanges

There are three types of Cardano exchanges; centralized, decentralized, and hybrid. All these exchanges allow you to buy and sell Cardano, but they operate differently.

In this section, I will take you through how each of these exchanges works. I will also highlight the pros and cons of each ADA trading site.

Centralized Exchanges (CEX)

An exchange is like a marketplace or shopping mall. Here you can buy different things from various stores. However, in a centralized exchange, a company acts as a middleman. This organization controls everything that happens on the platform.

Usually, the middleman keeps track of everyone’s balances and handles every transaction. This ensures the ultimate safety of your personal and banking data.

One of the best things about centralized exchanges is that they are user-friendly. This makes them an excellent option for beginners. Among other things, they provide a simple way of trading Cardano.

However, since a CEX is controlled by a single entity, you should only trade at a trustworthy exchange. Remember that such trading sites can freeze or restrict your account if they suspect any wrongdoing.

Advantages

• User-friendly interface and easy-to-use features
• Faster transaction processing times
• Availability of reliable customer support
• Greater liquidity-there are more buyers and sellers, which can lead to better prices
• Compliance with regulatory requirements, which can provide a sense of security

Disadvantages

• Reliance on a central authority has potential security risks
• A higher level of trust is required since you need to provide your personal information and funds
• Centralized exchanges can freeze or restrict accounts in case of suspicious activities

Decentralized Exchanges (DEX)

Now, let’s talk about decentralized exchanges. Picture a DEX as a big open marketplace, like a flea market or a farmer’s market. In such exchanges, there is no middleman to control the transactions.

Instead, decentralized exchanges work on a peer-to-peer basis. This means that you can trade with other ADA users. This is made possible due to the use of smart contracts.

A smart contract is like a self-executing agreement that automates transactions. Usually, smart contracts guarantee fair and secure trades without the need for a middleman.

Unlike centralized exchanges, DEXs are more transparent. This is mostly because they are not controlled by a single authority. Also, these exchanges offer better privacy. You will not be required to provide personal information during registration.

One of the downsides of these sites is that they are more complicated than CEXs. This is because you’re required to have your own digital wallets to store your Cardano.

Advantages

• Higher privacy and anonymity
• Resistance to censorship and control from a single authority
• Increased security through the use of smart contracts and blockchain technology
• Reduced risk of hacking or data breaches, since data is not stored in a central server

Disadvantages

• Less user-friendly interface for beginners. The site’s functionality is complex compared to CEXs
• Slower transaction processing times due to the reliance on blockchain confirmation
• Lower liquidity. This can result in less favorable prices to buy and sell Cardano.
• Limited customer support options
• Lack of complete privacy, since some personal information is often required

Hybrid Exchanges

Apart from CEX and DEX, you can still decide to use hybrid exchanges. As the name suggests, a hybrid exchange is a mix of centralized and decentralized models.

Hybrid sites combine the convenience and user-friendliness of CEXs with some DEXs’ benefits.

As with centralized exchanges, you need to register an account and provide personal information. The exchange itself handles things like transaction processing and security.

Even so, they may use decentralized technology, such as blockchain. This helps with added transparency and security.

Hybrid exchanges aim to strike a balance between trust and control. I would recommend these to beginners as well as expert ADA users as such sites are user-friendly and have enhanced security and transparency.

Advantages

• Features user-friendly interface with added security and transparency of decentralized technology
• Provides faster transaction processing compared to a decentralized exchange
• Offers a balance between trust and control

Disadvantages

• It may still have some level of reliance on a central authority. This leads to potential security risks.
• Hybrid exchanges may have less liquidity compared to centralized exchanges
• It can be complex for beginners. This is because they use both centralized and decentralized features
• In conclusion, each type of exchange has its pros and cons. It is, therefore, important to choose the variation that suits your Cardano trading needs.

My Recommendation: Test Several Exchanges

If you want to buy or sell Cardano, you can use any of the three exchange types discussed above. However, we would recommend you test several sites. Why?

• Helps you get comfortable with different interfaces

Using different ADA exchanges allows you to understand how various sites work. Each exchange has its own structure and protocol. By trying different Cardano sites, you can find the one that feels most comfortable and easy to use.

• Diversifying your investment

Investing in multiple exchanges allows you to spread your investments across different platforms. This means you’re not putting all your eggs in one basket.

If one site faces an issue, your other funds in different exchanges won’t be affected. This is like having different options to keep your money safe.

• Reducing the risk of total loss if one exchange is compromised

Unfortunately, sometimes exchanges can face security breaches or other problems. If all your Carnado is stored in one exchange, you could potentially lose it if something bad happens.

This is why we emphasize that you spread your investments across multiple exchanges. As such, you lower the risk of losing all your money in one go.

Using multiple crypto exchanges helps you become familiar with different platforms. It also reduces the risk of losing all your funds in case of a security problem.

How Does a Cardano Exchange Work?

A crypto exchange is like a digital marketplace where you can buy and sell Cardano. Luckily, Cardano exchanges support other cryptos like Bitcoin and Ethereum.

But how does an exchange work? Let’s take an example of where you have some dollars and would like to exchange them for euros. In this case, you would go to a currency exchange booth or a bank.

Similarly, a crypto exchange is a place where you can exchange your real money for ADA. These platforms also allow you to trade your Cardano with another digital coin.

How to use an Exchange

To use a crypto exchange, you first need to create an account. After registration, you can add money to your account.

There are many payment options that you can use to fund your exchange account. The most common are e-Wallets, credit cards, and bank transfers.

Now, let’s say you want to buy some ADA from a decentralized exchange. You go to the crypto exchange’s website or app and find the Cardano trading section.

Here, you will see a list of people who want to sell ADA and how much they are selling it for. Each seller sets their own price. However, if you opt to use a centralized exchange, you can only buy at the provided price by the site.

When you decide to buy from a seller, you will use your money from your exchange account to pay for the digital coin. In this case, the exchange’s role is to ensure that the transaction is safe and secure.

Once the transaction is completed, the Cardano will be added to your exchange account.

Step-by-Step Outline of How to Buy Cardano

Using an exchange is one of the most common ways of buying Cardano. You can also choose peer-to-peer transactions. This means that you will buy your ADA directly from another user.

In this section, I will take you through every step to help you buy ADA coins:

Step 1: Choose a cryptocurrency exchange

Find a reputable crypto trading exchange that supports ADA. We have compiled for you a list of top Cardano exchanges. These sites not only support ADA, but you can also use them to trade Bitcoin.

Step 2: Create an account

Go to your chosen exchange’s website and click on the “Sign Up” or “Create Account” button. Fill in the required information, including your email address and password.

Step 3: Complete the verification process

Once your account is set up, the exchange will require you to verify your identity. This is one of the key security measures. In most cases, you will need to upload your national ID. Other verification documents include a passport or driver’s license. In some cases, a selfie or proof of address is required as part of the verification process.

Step 4: Add a payment method

Once your account is verified, you need to link a payment method to your exchange account. This could be a bank account, credit/debit card, or an e-Wallet like Skrill.

Step 5: Choose the cryptocurrency to buy

After setting up your payment method, navigate to the exchange’s trading platform. Look for the option to buy crypto and select the cryptocurrency you want. For example, choose the ADA trading pair if you want to buy Cardano.

Step 6: Enter the amount and review the order

Enter the amount of ADA you wish to buy in the appropriate field. Double-check the order details, including the quantity, current price, and applicable fees.

Step 7: Place the buy order

Once you are satisfied with the order details, click on the “Buy” or “Place Order” button. The exchange will then process your order.

Step 8: Store your Cardano securely

The coins you’ve bought will be added to your exchange account. At this stage, you can transfer your ADA to a secure wallet. Usually, some exchanges have built-in wallets. Unfortunately, others don’t; in this case, you have to set up an external wallet.

After You’ve Bought Cardano, What Next?

Once you have acquired your Cardano, you can use these coins in many ways. For example, you can use them to fund your ADA sports betting sites. In addition, you can use it for investment.

In this section, we will discuss ideas on how you can use your Cardano. But first, ensure your digital coins are safe.

Securing Your Cryptocurrency

When you transact with cryptocurrency, security is key. Below are some of the measures that can help protect your digital assets:

• Limit exchange exposure. Avoid leaving huge amounts of crypto on exchanges for an extended period. Exchanges are vulnerable to cyber-attacks, and your funds may be at risk. Instead, transfer your ADA to a personal wallet.
• Cold Wallets. Cold wallets, such as hardware or paper wallets, provide enhanced security. They do so by keeping your Cardano offline.

Different Ways to Use Cryptocurrency

Wondering what to do with your Cardano? Below are some of the options that you can consider.

• Holding. This refers to keeping your coin for a long period with the expectation that its value will increase. This approach can be a great investment opportunity with the potential for huge profits.
• Purchases. Many online and offline merchants accept cryptos as a form of payment. You can use your ADA to pay for goods and services.
• Investments. Like stocks, your Cardano can be an investment asset. This could include participating in initial coin offerings (ICOs). You can also opt to explore decentralized finance (DeFi) protocols. However, before you decide to use ADA for investment, research the potential risk.
• Betting & gaming. There are several crypto sports betting sites that allow you to fund your account using ADA. On these sites, you can bet on sports like football or basketball. You can also play games like slots and table games.
• Trading. Cardano trading involves buying and selling ADA to make short-term profits. Although this sounds like an excellent option, some technical knowledge is required to help manage the risk and understand the market.

Diversification

When you diversify your cryptocurrency portfolio, you can efficiently manage risk. It also allows you to take advantage of any arising opportunities. Below are some diversification strategies that you can apply:

• Multiple coins. Aim to hold at least five different cryptocurrencies in your portfolio. This helps you reduce the impact of poor-performing cryptos. You also get to maximize the potential gains from high-performing coins.
• Different categories. You can also branch out across various crypto categories. For example, you can choose coins with a different use, technology focuses, or market capitalizations. This approach helps you balance exposure to potential market volatility.

Staying Informed

You should always stay informed about market trends and regulatory changes. Here’s why:

• Market Trends. The crypto market is highly dynamic, and influenced by a range of factors. Check updates on any market trends or news to help you make informed decisions.
• Regulatory Changes. Governments and regulatory bodies worldwide are developing frameworks to govern cryptocurrencies. Stay informed about any regulatory changes or updates. Such changes can affect your investments or trading opportunities.

Cardano Exchanges FAQs

How many Cardano exchanges are there?

There are several exchanges that support Cardano. You can buy and sell Cardano at the top ADA exchanges recommended in this guide.

What services do Cardano exchanges offer?

Cardano exchanges provide a platform where you can safely buy and sell ADA. In addition to Cardano, these exchanges allow you to trade other popular coins, like Litecoin and Ethereum.

What are the different types of Cardano exchanges?

There are three types of ADA exchanges. They include centralized, decentralized, and hybrid exchanges. Centralized exchanges are run by a single entity. On the other hand, decentralized exchanges use smart contracts to facilitate peer-to-peer trading. A hybrid exchange combines the best aspects of both CEX and DEXs.