in Cardano (ADA)
Cardano’s ADA coin has historically been one of the most popular cryptocurrencies. In this simple guide, we’ll take you through both how to buy Cardano and where to buy Cardano.
What is Cardano (ADA)?
Before we figure out how to buy an ADA / Cardano token, let’s refresh ourselves as to what Cardano is all about.
Cardano is a proof-of-stake blockchain that claims to both sustainable and able to scale to support a huge amount of transactions.
It’s a smart contract platform, meaning that decentralized applications from outside developers can be built on top of it. If you want to know about the Cardano network in greater detail, then our ‘what is ADA’ article may be useful.
In 2022, the project achieved further progress with the successful implementation of the Vasil protocol upgrade. To put it simply, the Vasil upgrade brings faster transaction times and lower transaction fees to Cardano.
How can I buy Cardano crypto?
If you’ve made it this far, you’re probably considering should i buy Cardano?, or more accurately, should I buy ADA, Cardano’s native token. We can’t make those decisions on your behalf, but we can direct you to the simplest ways to buy ADA.
Where to buy Cardano crypto with debit / credit card
If you’re in the tap n’ go camp, you’ll likely be delighted to hear that Cardano can be purchased with either a credit or debit card. Card payment is enabled by Exodus and its partners, making for the quickest way of how to buy ADA.
As an added bonus, mobile payments systems such as Apple Pay and Google Pay are enabled via Exodus for US residents. Once again, if this is the correct option for your jurisdiction, the option appears once you click on the ‘buy crypto’ icon.
Where can I buy Cardano with bank transfer
Would a bank transfer better suit your circumstances? Regardless of whether your bank account is denominated in USD, EUR or GBP, both Exodus applications enable you to make your Cardano purchase via bank transfer.
Europeans are very well catered for in this respect through collaborations with Ramp Network and MoonPay. It means that Exodus can facilitate transfers of up to 2500 Euro via SEPA bank transfers.
Those same collaborations allow British and Brazilian customers to also purchase Cardano via their bank accounts. Within Exodus applications, you are given the opportunity to select this form of payment once you click on the ‘buy crypto’ icon.
How to buy Cardano on Robinhood
If you’re experienced in conventional markets but new to crypto, buying through Robinhood might seem like a good option at first glance. The platform’s roots are in the traditional market. That said, there are a few reasons why it’s probably best that you choose a dedicated crypto platform.
Robinhood’s offering is currently only available in the US but even then, it excludes 4 US states. While it does facilitate you to buy Cardano / ADA, the crypto offering beyond that is very limited. The platform has also experienced multiple security incidents and was also embroiled in controversy over the selling of user data to high frequency traders.
But this is still another option in case you need it!
Where can I buy Cardano crypto via a token swap
What makes for probably the most seamless method of all in buying Cardano is Exodus’ token swap feature.
No less than 230 digital assets (Cardano included) can be purchased on the platform. If you are holding any of these tokens in your portfolio, you can swap them out on the Exodus platform to the Cardano ADA token instantly.
Additionally, you’re free to use Exodus' built-in exchange app, or link your Exodus wallet with the FTX exchange.
Cardano price predictions?
What could Cardano be worth in 10 years? Is it too late to buy Cardano? These are questions that we at Exodus will never seek to answer as they’re firmly in the realms of speculation. We will leave you to determine if Cardano is a good buy.
Exodus does have an ADA Cardano price page though, where you can see the latest price of Cardano, and other important metrics like ADA price charts, marketcap and volume etc.
What we hope is that this article will be useful in determining how to buy ADA, Cardano. There really is no good reason to look beyond all the options offered by Exodus!
This content is for informational purposes only and is not investment advice. You should consult a qualified licensed advisor before engaging in any transaction.