So you’re wondering how to buy Cardano (ADA). Well, the process is exactly the same whether you want to buy Bitcoin, Ethereum, or any other cryptocurrency. There are hundreds of exchanges on the market today, many of which offer almost every cryptocurrency you can possibly imagine.
However, it can be hard to choose the right crypto exchange platform for a specific currency. Moreover, if you have never traded digital assets before, finding an exchange that offers beginner-friendly options could prove challenging. Here you can read “How to Choose the Best Cryptocurrency Exchange.”
ADA, which stands for Cardano, is the 9th largest cryptocurrency by market capitalization and one of the most promising digital assets in the crypto sphere. The price measured in crosses has shown significant growth over the past few weeks and shows a fair amount of potential for what’s yet to come, but before going any further, let’s take a look at what we know about Cardano (ADA) so far.
How do I buy Cardano (ADA)?
There are two ways to get an ADA coin. The first one is buying; if you don’t want to sell your existing coin, then buying an ADA coin is your only option with fiat currency. The second one is exchange: if you already have any tradeable coin in your wallet, then you can exchange it for an ADA coin. Here, find out the best trading app to trade any cryptocurrency.
Buy ADA on Gate Exchange
If you prefer a centralized and easy-to-use platform for handling Cardano, then Gate.com is a great option. You can directly buy Cardano or exchange your USDT for ADA coins with a low minimum order. On Gate.com, KYC is not required for trading Cardano, but completing KYC is recommended for added security and access to full features.
To get started with Gate, visit the website or download the app, then create an account by entering your email and password. Once you’ve completed the security setup, your account will be ready to use. Go to My Balance, locate USDT, click on the deposit address, and deposit only USDT coins to that address. You can also deposit other cryptocurrencies, but you’ll need to convert them to USDT before buying ADA.
Once your funds are ready, go to Trading (Spot Trading), search for Cardano (ADA), click on it to view the best available prices, and place your order by selecting “Buy ADA.” As soon as your order matches the market price, the ADA will be credited to your account.
If you don’t already own crypto or don’t want to sell your existing coins, you can also buy ADA directly on Gate using your credit card or bank account.
Buy ADA on SwitcHere
Another fast-growing cryptocurrency platform, SwitcHere, allows you to buy ADA and other cryptocurrencies instantly using your credit card or local bank account in almost all countries.
Using SwitcHere’s exchange features, you can buy ADA, as well as BTC, BCH, ETH, DASH, EOS, LTC, XLM, and USDT, in just a few clicks with their credit card (USD, EUR) or local bank (MYR, IDR, THB, VND).
The daily minimum transaction limit for credit card purchases is $4,800 (€4,350), but you can increase this limit by completing the verification process.
SwitcHere does not display fees directly on its website, but the fee is visible and calculated during the final step of the transaction. It may range between 3.6% and 15% of the total amount. If you’re from Indonesia, Malaysia, Thailand, or Vietnam, you can also purchase ADA using your local currency via a bank account.
Buy Cardano on KuCoin
KuCoin is the best platform for beginners and users who want to start investing with a small amount. The minimum amount required to exchange USDT into ADA is just $0.5.
KuCoin trading offers several features that set it apart from other crypto trading apps, including a wide range of coins, low fees, and fast transactions. The platform’s interface is user-friendly and easy to navigate, with access to advanced charts and data analysis tools.
The trading platform supports everything from spot and futures trading to copy trading and bot trading, all accessible with just one click. When it comes to buying and selling crypto, the app offers multiple payment options, including MasterCard, debit card, bank transfer, and P2P.
If you don’t already have USDT to buy Cardano, you can easily acquire it through bank transfer, P2P trading, or credit card. KuCoin does not require KYC verification to buy ADA, but completing KYC can lower your trading fees, so it’s recommended to verify if possible.
Buy Cardano on Binance
Welcome to the ocean of cryptocurrency trading platforms, but be careful; this ocean is not for new users. This cryptocurrency exchange allows for all kinds of activities, from trading, buying, and selling to staking and mining.
Binance did not compromise on security features and has provided almost every protection. On Binance, your assets are safeguarded by our Secure Asset Fund for Users (SAFU Funds), which means they have your back.
On Binance, you can buy Cardano with AUD, GBP, BRL, RUB, EUR, or TRY directly (because of regulation, some currencies may be unavailable), and you can exchange Cardano for USDT, BUSD, BTC, BNB, or BIDR coins.
To start with Binance, create an account and then complete the KYC verification for buying Cardano. If you just want to exchange Cardano, the KYC is not necessary.
Buy Cardano on OKX
OKX Trading is a cryptocurrency platform that lets you trade the most popular cryptocurrencies. It’s available on both Android and iOS devices and features a simple, intuitive interface, making it a great choice for beginners.
OKX is similar to KuCoin but offers stronger security features. It provides three main trading pairs with Cardano: BTC, ETH, and USDT.
If you don’t already own crypto to exchange for ADA, don’t worry, OKX supports multiple payment methods and offers broader fiat support compared to many other platforms. This means you won’t need to buy and sell through different services; everything can be done in one place.
Conclusion
The more you understand about Cardano, the easier it will be to identify the best time and opportunity to buy ADA.
This buying guide is designed to help you explore some key features that make ADA stand out from other cryptocurrencies.
By the way, what are your thoughts on Cardano and these platforms?
Are you planning to buy ADA?
