Cardano is one of the most popular cryptocurrencies and has been rising in popularity for quite some time. You might want to buy these tokens and keep them in your eWallet, trade them, or use them for gambling. Regardless of why you need these, the first step is to buy Cardano coins.
This is a simple process, and most of the time can be completed within 30 minutes. But it can be challenging if you are a newbie. That’s why this guide can help you learn all the needed steps and buy Cardano today. All you have to do is follow the steps below.
Our team has reviewed several Cardano exchanges and compiled for you a list of the 5 best Cardano exchanges.
You can have a look at some of the reviews of our 5 best Cardano exchanges.
1. Kraken Exchange Review
2. Coinbase Exchange Review
3. Binance Exchange Review
4. eToro Exchange Review
5. Bitstamp Exchange Review
The first step you need to take is to choose an exchange platform where you can buy Cardano. There are countless options. For instance, you can use Binance, Kraken, Coinbase, and many more. All of these are just a few examples. Crypto exchanges are basically platforms or websites where you can buy, sell, or trade cryptocurrencies. All of them support multiple cryptocurrencies. Some support over 350 coins. Others support a much smaller number.
A good thing about Cardano is that almost all crypto exchanges support this coin. For the purpose of this guide, I chose Binance. This exchange has the lowest fees, and offers fast transactions.
However, you can use the same steps to buy Cardano or other cryptocurrencies at other cryptocurrency exchanges. The phases are almost identical.
Once you have chosen Binance you need to register. Simply provide basic information, such as an email address, create a username and password, and confirm all of them. Now you are one step closer to buying or investing in Cardano.
You can also verify the email and use 2 Factor Authentication to secure the account. The latter makes this particular cryptocurrency exchange special and more appealing than you may think.
Keep in mind that you can also download an app for Android or iOS devices and use it to buy Cardano. The steps are the same, but you can complete all of them on your phone.
Now that you have an account, simply click on ‘’buy crypto.’’ The button is located on the left side. There, you can choose the cryptocurrency you like. Among others, you can find Ethereum, Bitcoin, Litecoin, Dogecoin, and obviously Cardano.
Choose Cardano, and you can enter how much you want to buy. You can see the latest prices, and you can also see any fees applicable.
Keep in mind that all the available options at the time are linked to the country where you live. As such, some users have more options, while others are more limited. Once you have completed this step, move on to the next one.
You have to deposit funds in order to buy Cardano. In a few words, you are exchanging fiat currency for cryptocurrency. Here you can use credit cards, debit cards, PayPal, and bank transfers to deposit funds. Only the options that are available in your country are presented to you here.
Choose the method you want to use and enter the amount you wish to deposit. It could be as low as a couple of USD or very high. Just keep in mind that different payment methods have different limitations and fees.
Each crypto exchange charges fees when you buy coins or trade them. In addition, there are withdrawal fees as well. However, all of these are very low for all payment methods.
Beginners typically opt for a Visa or Mastercard. These are the most popular payment methods in the world. One advantage of using these is that you already have them in your wallets and know how to use them.
Most investors opt for bank account transfers when they buy massive amounts of Cardano. You may want to do the same. This is done because the security is at the highest level possible when you use your bank account, and there is no middleman.
Immediately after you confirm the amount, it is converted into an ADA coin. This means that now you have Cardano at the exchange.
It will be in your wallet, and you can see the price changing accordingly. Cardano is a volatile cryptocurrency, meaning the price of the tokens changes multiple times per hour. If the price goes up, your balance has a higher value.
There are multiple options for how you can buy Cardano. The one you saw earlier is through the exchange, and it is the most common. But you can also use peer-to-peer transactions.
The latter means that you can buy Cardano directly from other users. They can post ads on the exchange, and you can choose the one you like and purchase it. However, here you don’t get the freedom you get when using the exchange method.
The last method you can use is via gift cards. For lack of a better word, people can buy or receive gift cards that contain a specific value of Cardano. All you have to do is exchange the gift card for the coins and keep them in your crypto wallets.
Now that you have Cardano coins on your account at the exchange, you can leave them there or withdraw them to your eWallet. I recommend this option, and most users should do it. In fact, this is one of the best tips you can use.
For instance, when your coins are secure on your personal eWallet, they are safer and excluded from any risks related to the company. This is how you can keep your money secure.
To withdraw Caradno, open the account at one of the eWallets and go to the exchange account you have. Click on ‘’withdraw and enter the needed details. Confirm and the coins will be in your account within seconds.
Now you know how to buy Cardano. Always remember that there are so many sites where you can do this, and all of them work using a similar principle. Once you have crypto assets, keep them secure on your crypto wallet or use them for anything you like.