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How to Buy Cardano in 2022 - Buy ADA

Last updated 13th Dec 2022
Disclosure

Cardano (ADA) is often referred to as the next "Ethereum Killer" with its high scalability, low transfer fees, and smart contract functionality. However, cryptocurrency is still in its early stages, and there is still a lot of progress to be made, leaving many to believe that ADA is a long-term investment proposition.

This guide will focus on the best platforms to invest in Cardano, such as Coinbase, Binance, and eToro, along with some easy step-by-step guides to help you begin investing.

Best Crypto Exchanges to Buy ADA

1
eToro
Minimum Deposit
$50
Exclusive Promotion
User Score
10
More than 3,000 assets, including currencies, stocks, cryptocurrencies, ETFs, indices and commodities
Buy crypto, or trade cryptocurrencies via CFDs
This ad promotes virtual cryptocurrency investing within the EU (by eToro Europe Ltd. and eToro UK Ltd.) & USA (by eToro USA LLC); which is highly volatile, unregulated in most EU countries, no EU protections & not supervised by the EU regulatory framework. Investments are subject to market risk, including the loss of principal.
2
Opensea
Minimum Deposit
$
Exclusive Promotion
User Score
7
The largest NFT marketplace
3
NBA Topshot
Minimum Deposit
$
Exclusive Promotion
User Score
7
Made for NBA fans
4
Rarible
Minimum Deposit
$
Exclusive Promotion
User Score
7
Aggregated NFT marketplace
5
SuperRare
Minimum Deposit
$
Exclusive Promotion
User Score
6
NFT Art Marketplace

eToro - The Overall Best Way to Buy ADA

eToro is an established broker with over 28.5 million registered users. They offer a diverse amount of cryptocurrencies, including Cardano. Let's look at the platform’s stats:

💰 Trade Values:CFDs, Cryptocurrencies, Stocks, and Commodities.
📊 Software:Website and smartphone app.
🏆 Demo Account Available:Yes
📺 Ease of use:Excellent
⭐ Our rating:5/5
📱 App Available:iOS and Android
🧩 Regulation:Cyprus Securities and Exchange Commission (CySEC)
💰 Fees:1% of purchase order
🔁 CFDs Available:Yes
⚽ Social Trading:Yes

How We Compare

In the comparison table, we include crucial information such as trade values, fees, and ease of use so if you are new to cryptocurrencies, you know which platforms are the easiest to navigate and where to go to avoid hefty transfer fees. For your peace of mind while trading, we state whether or not each crypto is regulatory-approved and by which institutions.

We even add our own overall rating of each crypto coin.

There is a lot happening in the cryptocurrency market right now, with a variety of tokens created on different platforms and a mode of operation that is very unlike that of traditional financial institutions. Both novice and experienced investors can use our comparison tables to simplify the process of identifying the right cryptocurrencies for them.

As with any investment, the decision to enter the cryptocurrency market requires thorough research. You can rely on us to provide the most up-to-date and accurate information, as we only use credible and reputable sources for our content. This puts investors in the best position to make smart crypto decisions.

Best Platforms to Buy and Trade ADA

Now let’s dive into the best crypto brokers and crypto exchanges for buying ADA.

Buy ADA using cryptocurrency brokers - the easiest way

The easiest way to purchase ADA is by using cryptocurrency brokers since they offer simple interfaces and buying processes. The options below offer multiple deposit methods, trading pairs for ADA, and high levels of security.

ProviderFee (USD 1000)Get Started
🥇 eToro$10Start with eToro now
🥈 Coinbase$6Start with Coinbase now
🥉 Binance$1Start with Binance now

eToro

This crypto broker is one of the best options available as they offer multiple features like copy trading, e-wallet deposits, and an option to withdraw to a crypto wallet.

Coinbase

Coinbase is a top exchange that recently changed its fees to more favorable rates. Clients can purchase ADA using multiple trading pairs, and the exchange offers a private wallet to hold your coins securely.

Binance

This crypto exchange offers an outstanding service for purchasing ADA because of its several deposit methods, trading pairs for ADA and other crypto assets, and passive investment opportunities afterward. Moreover, Binance provides trading interfaces with tools for beginners and experts.

Best Wallets to Buy and Store ADA - Comparison

Cryptocurrency wallets are devices or software that will hold your coins securely. Hardware wallets are the preferred way to store your crypto assets, as leaving them on an exchange can be risky because they are targets for cyber attacks. Moreover, software wallets are free to use, and the only cost you'll encounter is transfer fees. Therefore, we advise using them after investing in ADA or other cryptocurrencies. Hardware wallets are safer.

Also, Bitcoin wallets are often compatible with multiple coins, so you can use them to store all your investments.

ProviderWallet TypeGet Started
🥇 Ledger Nano XHardwareStart with Ledger now
🥈 Trust WalletSoftwareStart with Trust Wallet now
🥉 Guarda WalletSoftwareStart with Guarda Wallet now

How to Sell Cardano in 2022 Using eToro?

eToro makes it convenient to cash out your investment. Here’s a step-by-step guide to help you.

Step 1: Sign in
Step 2: Open the trading interface
Step 3: Press "Sell"
Step 4: Enter the amount
Step 5: Finish the order

Buy ADA Using CFDs - Best for Trading

Brokers have entered the cryptocurrency market by offering CFDs (Contract for Differences) to their clients. This is a derivative product, so you will not own real coins. However, cryptocurrency brokers often have an easier buying process, making them convenient for beginners. Here are the top three platforms for acquiring Cardano.

ProviderFee (USD 1000)Get Started
🥇 eToro$10Start with eToro now
🥈 Eightcap$35Start with Eightcap now

eToro

eToro is an amazing platform for investing in Cardano due to their user-friendly interfaces. Also, this broker has an in-depth learning section that teaches beginners various subjects about trading. Therefore, you can open a demo account to familiarize yourself with what you’ve learned before trading with real money.

Eightcap

Eightcap is a popular CFD broker that supports over 250 cryptocurrencies, including Cardano. Perhaps their best feature is social trading, which lets you look at successful portfolios and copy them. Also, their customer support is amazing, so you can receive help quickly when investing in ADA.

Best Apps to Buy ADA - Most Convenient

The most convenient way to buy Cardano is through a cryptocurrency exchange due to their simple convert pages and competitive fees. They also let you withdraw coins to a private wallet for better protection. These are our top three picks that offer the most convenience.

ProviderFee (USD 1000)Get Started
🥇 Coinbase$6Download now
🥈 Binance$1Download now
🥉 Kraken$1.60Download now

How to Buy ADA on eToro App

Step 1: Sign up
Step 2: Verify your account
Step 3: Deposit funds
Step 4: Purchase Cardano

Buy ADA with Exchanges - The Cheapest Way

Cryptocurrency exchanges offer different fee structures that will impact the quantity of ADA you can buy. We advise using Binance and KuCoin since they have native cryptocurrencies, which give a 25% discount on fees. On the other hand, Kraken is known for being the “People’s Exchange” and having reliable security.

ProviderFee (USD 1000)Get Started
🥇 Binance$1Start with Binance now
🥈 KuCoin$1Start with KuCoin now
🥉 Kraken$1.60Start with Kraken now

Buy ADA on Binance: Step-By-Step Guide

Step 1: Create an account
Step 2: Add funds
Step 3: Enter the trading platform
Step 4: Execute the trade
Step 5: Confirm the transaction using the blockchain explorer

Buy ADA Using Decentralized Exchanges (DEX) - The New Way

Decentralized exchanges are dApps that let you trade coins without revealing your identity. They work by using smart contracts, so only cryptocurrencies like Ethereum, Cardano, and Binance Coin can host them. Also, you’ll need a crypto wallet to connect to a DEX, so you cannot trade with fiat currency. Here are the top decentralized exchanges for buying ADA:

ProviderFee (USD 1000)Get Started
🥇 PancakeSwapVariesGet started now
🥈 SundaeSwapVariesGet started now
🥉 ADAXVariesGet started now

Buy ADA on PancakeSwap: Step-By-Step Guide

Step 1: Connect your wallet
Step 2: Select Cardano
Step 3: Exchange

Can You Buy ADA Using P2P Services?

After thoroughly researching the top P2P platforms, they do not offer buying opportunities for ADA. However, you can find buyers or sellers through social media groups centered around your location. Afterward, you can set up the time, location, and spreads yourself. This buying method is often cheaper as you don’t have to pay exchange rates, and Cardano has low transfer fees.

Can You Buy ADA Using Other Trading Platforms?

Now we’ll go over the most popular platforms and if you can buy ADA through them. Also, the fee rates will be disclosed for full transparency.

Cryptocurrency PlatformCan You Buy ADA?Fee (USD 1000)Review
BinanceYes$1Binance review
TD AmeritradeNoN/AN/A
BitstampYes$5Bitstamp review
BittrexYes$3.50Bittrex review
CoinbaseYes$6Coinbase review
PoloniexYes$1.55Poloniex review
BitMartYes$2.50N/A
BitrueYes$2Bitrue review
BlockFiNoN/AN/A
CoinDCXYes$2N/A
CoinSwitchYes$5N/A
Crypto.comYes$4N/A
EtherDeltaNoN/AN/A
E*TRADENoN/AN/A
FidelityNoN/AN/A
FTXYes$7N/A
Gate.ioYes$7.50N/A
HotbitYes$2N/A
KrakenYes$1.60Kraken review
KuCoinYes$1KuCoin review
RobinhoodNoN/AN/A
UpholdYes$19.50N/A
VenmoNoN/AN/A
VoyagerYes$10N/A
WazirXYes$1.50WazirX review
WealthsimpleYes$15 - $20N/A
WebullYes$10N/A

What Is the Difference Between Buying ADA and CFDs?

This section highlights the main differences between owning ADA and buying CFDs.

Contract for Differences is a derivative product that a broker can issue. This means you do not convey ownership of ADA when investing through this method. Therefore, you cannot withdraw to a crypto wallet or spend them. On the other hand, buying ADA means you have full control of your coins and can transfer them between wallets.

Pros

Liquidity is not an issue when buying Cardano
Can leave the funds on the CFD platform
Limited options of brokers that offer ADA
Buying process is a lot easier than exchanges

Cons

High fees compared to buying the real asset
No option to stake your ADA
You do not convey ownership of ADA
Cannot withdraw to a private wallet unless you use eToro

Best Ways to Buy ADA

This part of the guide will go over on the best methods of acquiring Cardano.

Buy ADA instantly with online banking - the fastest way

Coinbase Pro allows clients to transfer money via online banking. They will provide their information based on the deposit method you select. For example, selecting EUR showcases SEPA transfer details. Typically, transfer speeds from your bank account take a few minutes to an hour to complete.

Buy ADA with PayPal - the safest way

PayPal does not offer Cardano through their crypto section. Fortunately, you can use it as a deposit method on eToro and buy ADA via the trading platform.

Buy ADA using a debit card - the cheapest way

Debit cards are widely available, and you can use them on most exchanges such as Binance, KuCoin, and Coinbase.

Buy ADA using a credit card

Perhaps the best platform to buy ADA via credit card is Crypto.com. They provide several great features for investors like staking programs, debit cards with cashback rewards, and multiple trading pairs for ADA.

Best Platforms to Buy ADA in Other Countries

The top exchanges operate in multiple regions and offer great buying opportunities in ADA. Take a look at the best options based on each individual country.

CountryBest ProviderProvider TypeFee
AustraliaCoinbaseExchange$6
the UKCoinbaseExchange$6
BangladesheToroBroker$10
CanadaBinanceExchange$1
HawaiiGeminiWallet app$5
IndiaWazirXExchange$1.50
JapanKuCoinExchange$1
NepalKrakenExchange$1.60
New ZealandBinanceExchange$1
PakistanKuCoinExchange$1
PhilippinesBinanceExchange$1
SingaporeCrypto.comExchange$4
South AfricaeToroExchange$10
UAECoinbaseExchange$6

What Are the Fees When Buying ADA?

Most exchanges have fixed fee rates when purchasing ADA, making it easier to calculate the expected costs. This table shows the standard fees you’ll pay to buy $1,000 worth of ADA and hold for 30-days.

PlatformeToro BrokerCoinbase ExchangeBinance Exchange
Deposit fees$0$0$0
Purchase fees$10$6$1
Holding fees$0$0$0
Selling Fees$10$4$1
Payout fees$5$10$15
Total fees$25$20$17

Cheapest Way to Buy ADA

The best way to buy ADA is through a large cryptocurrency exchange as they provide the best fee structures. Here’s a rundown of providers that offer ultra-low fees.

ProviderFee (USD 1000)Get Started
🥇 Binance$1Download now
🥈 KuCoin$1Download now
🥉 Kraken$1.60Download now

Fastest Way Buying ADA

The fastest way to acquire ADA is with a crypto broker or exchange that provides simple buying interfaces. All of the platforms listed have simple pages for converting money to Cardano. Also, they have trading software for experienced investors.

ProviderFee (USD 1000)Get Started
🥇 eToro$10Get started now
🥈 Coinbase$6Get started now
🥉 Kraken$1.60Get started now

Should You Buy or Sell ADA?

If you’re undecided if ADA is a great cryptocurrency, here are some pros and cons:

Why should you buy Cardano?Why should you sell Cardano?
Expert development team working on the project.Cardano’s price is unstable.
Ultra-low fees for transferring coins between wallets.Cardano is still in development, and there is a lot of progress to be made.
Cardano is future-proof and ensures unlimited scalability with quick transfers.Marketing can do a better job of advertising Cardano. They are technologically more advanced than most coins, but the price does not reflect that.
Cardano is open-source.Charles Hoskinson is a controversial figure (One of the Cardano founders), which can have a negative impact on the project.
Using a proof of stake protocol ensures the blockchain cannot be breached by malicious attacks.Most of the circulating supply is in staking protocols, so the price may be inflated due to coins not being used.
Remember, you must pay capital gain tax on crypto that you’ve sold and made profits in the US.

ADA Price Prediction: What Is the Future of ADA?

ADA is a popular coin that has experienced significant rallies and huge drops during the bear market. We’ll highlight what can impact the coin’s price and its historical milestones.

What impacts ADA Price?

Several factors can impact the price of ADA, such as:

Demand: The cryptocurrency mainly specializes in smart contracts, so if there is demand for dApps with the coin, it will increase the price. However, low demand for Cardano apps will negatively impact the value.

Marketing: Perhaps the biggest factor is marketing because more potential investors see the coin and buy into it.

Competition: There are many “Ethereum killers” today offering smart contracts and better transaction fees. However, the increase in competition means businesses and people would use alternative coins than Cardano, decreasing the demand.

Regulations: Crypto regulations are becoming stricter, making investing and spending ADA more difficult.

Market status: How the market is performing plays a huge role. If there is a bear market, we can expect ADA's value to be low. On the other hand, if we are in a bull market, then ADA will rise in price as more investors purchase the coin.

ADA has performed extremely well since its creation in 2017. However, the coin hasn’t seen much momentum due to delays and development issues until the 2021 bull run began.

Other Ways to Make Money With Cardano in 2022

Here are different ways you can invest your money with Cardano.

Stake ADA using DeFi or CeFi

Cardano is available to stake on Binance through their earning programs. Also, you can use decentralized exchanges that offer staking and liquidity pools.

Buy ADA using ETPs (ETFs & ETNs)

Unfortunately, there are not many platforms that offer ADA ETPs. CoinShares is one of the only sites that issue Cardano ETPs.

Buy and sell NFTs using ADA

Cardano has NFT capabilities and currently hosts over 800,000 pieces of art. The top marketplace for Cardano NFTs is CFNT.io.

Buy stocks and shares in companies owning Cardano

There are no companies that have disclosed if they bought or are holding shares in Cardano. The only recent news is FD7 Ventures have bought $380 million worth of ADA, but they do not have tradable stocks.

Cardano mining

ADA cannot be mined because it uses a POS system.

Use Cardano faucets

Faucets are rewards given by a cryptocurrency exchange for completing easy tasks. The best way to earn cryptos like ADA is through Coinbase’s earn section.

What Cryptocurrencies Are Similar to ADA?

Below you’ll find alternative smart contracts coins you may want to look into.

CoinSymbolLearn how to buy
EthereumETHBuy Ethereum
TronTRXBuy Tron
AlgorandALGOBuy Algorand
CosmosATOMBuy Cosmos
TezosXTZBuy Tezos

Best Alternatives to ADA

Solana

Both Cardano and Solana are smart-contract-enabled projects that provide their communities with access to a variety of functionalities within their respective decentralized financial ecosystems (DeFi), which is one of their many commonalities. Solana and Cardano have been called "Ethereum killers" on numerous occasions, but Solana has supported this concept with its fast transactions, scalability, and low transaction costs.

Sandbox

Users of SAND can trade it on major exchange platforms. Creators and players have many DeFi opportunities in the virtual sandbox world, and in the Metaverse, users can buy, develop, and trade virtual land.

Polygon

MATIC is the native cryptocurrency of the Polygon blockchain and an ERC-20 token. Sandbox rewards contributors who help secure the blockchain and pay transaction fees.

What to Consider when Investing in ADA

The project's developers have some ambitious goals in mind. By integrating Cardano technology, the team aims to restore trust in international economic systems. In particular, the platform presents an international business model that is safer, more transparent, and more sustainable.

In addition, the creators of Cardano want to make financial services accessible to people who are unbanked. It is estimated that there are currently over 1.7 billion unbanked people. With this in mind, Cardano is actively working on initiatives in Africa and other underdeveloped countries.

Cardano's third goal is to help stabilize the dApp market. Applying security and sustainability specifically to decentralized applications, systems and society is the main focus of the platform.

Is It Still Worth Investing in ADA or Not?

ADA is definitely worth buying if you want to hold long-term because the coin has an amazing development team, a detailed roadmap, and multiple use-cases. The coin has experienced significant growth during bull runs and is often referred to as the next “Ethereum killer”. Therefore, many consider ADA a safe investment in the crypto world.

This information is provided for educational purposes only and is not investment advice. We do not offer financial advice, advisory or brokerage services. Past performance is not a reliable indicator of future performance. The value of your investment can go down as well as up, and you may not get back the amount you invested. You are solely responsible for your investment decisions.

FAQs

What is the best provider to buy Cardano ADA in the US?
What is the cheapest provider to buy Cardano in the US?
Is it worth investing in Cardano right now?
Is there a limit to how many Cardano coins I can buy?
Can you buy Cardano on the blockchain?
What can you buy with Cardano?
Can You Buy Cardano Offline?
How to Buy Cardano Without Verification?
How to Buy Cardano Without Registration or KYC?
How to Buy Cardano Anonymously?
How Is Cardano Different From Bitcoin? Cardano Network
Does ADA have its own blockchain platform?

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Dominikas Pupkevicius

Dominikas Pupkevicius

Dominikas is a content and research writer with over 6 years of experience. He is passionate about blockchain technology and believes cryptocurrency is the future of humanity. Dominikas lives in the countryside with his 3 dogs and enjoys long walks.