Are you in search of the quickest way to buy Cardano?
Cardano (ADA) has grown to become one of the top 10 cryptocurrencies.
The proof of stake digital asset is now a core project in the crypto ecosystem.
Not only does it serve as a way to transfer value through Cardano tokens, but it also allows you to run decentralized applications, smart contracts and NFTs.
In this guide, I’ll show you how to buy Cardano in just a few minutes.
How To Buy Cardano (ADA)
By following the guide below, you’ll be able to buy and acquire Cardano in just under 3 minutes from start to finish.
1. Sign Up for a Cryptocurrency Exchange
Crypto exchanges are how we swap our fiat currency into coins on our crypto wallet.
This can be seen as similar to when you use a broker to buy Stocks.
When picking an exchange, we first want one that offers ways of buying Cardano.
Next we want the highest security with lowest trading fees.
Below I have included my top 3 cryptocurrency exchanges that allow you to purchase Cardano.
Note: By using the links included on our site, you get discounts on trading fees.
2. Deposit Fiat Money into your Wallet
Now that we have selected our crypto exchange of choice, we need to deposit fiat money.
In the example, I’ll be showing you how to do this on FTX which is my favorite exchange.
To deposit money, head to “Wallet” which is located in the top left of the screen.
On the wallet page look for “Card Deposit” on the right hand side.
Click on this and it’ll take you to the deposit screen where we can deposit any currency with our credit or debit card.
If you want to deposit via bank transfer or wire transfer instead, you can scroll down on the wallet page.
You should now see a bunch of different cryptocurrencies alongside some fiat currencies.
Look for your currency that you want to deposit via bank transfer and then click “Deposit”.
This will popup instructions on how to transfer money onto FTX via your desired payment method.
When you connect your bank account and transfer through your chosen funding method, it will take 24-48 hours for FTX to verify the transactions and fund your account.
3. Go to Markets to purchase Cardano
We are now ready to enter the crypto space and buy our ADA coins.
First if you’ve deposited another currency such as GBP, AUD, CAD or anything else, you will need to convert it over to USD.
To do this locate the currency you deposited in your wallet, look for the “Convert” button on the right hand side.
Click it and exchange your currency for USD.
Now you’ve obtained USD on your account, we can begin trading.
Go to “Markets” located in the top left.
Then click on “Spot”.
You should now see a variety of crypto coins we can trade.
Search for the “ADA/USD” trading pair.
Click on “ADA/USD” once found.
4. Buy Cardano
We have now arrived on the page where can buy our Cardano coins.
This page may be slightly overwhelming, but it’s very simple and easy to get used to.
On the left side you’ll see the graph. This displays historical price action for the coin.
In the middle we have the orderbook which displays orders other traders have placed. These are in the form of “Bids” and “Asks”.
On the right hand side you’ll see “Buy ADA” and “Sell ADA” this is where we buy and sell the coin.
First we want to change the order type to a “Market Order”. To do this click the dropdown box where it says “Limit Order” and change it to a “Market Order”.
Once we’ve done this we can buy easily by entering the amount of Cardano tokens we want to buy in the “Amount” box.
This should automatically calculate the USD value next to it.
If you are satisfied with the amount you can press the big green “Buy” button.
Congratulations you have now successfully bought Cardano!
What is Cardano?
The Cardano network is a decentralized proof of stake blockchain. It is designed to be a more efficient version of previous proof of work blockchain networks such as Bitcoin.
Originally founded by Charles Hoskinson, the former co-founder of Ethereum, Cardano began development in 2015 and released the ADA token in 2017.
The Cardano blockchain provides a way to verify transactions between decentralized users.
As Cardano works with the proof of stake system, users are able to transfer ADA tokens from one digital wallet to another for lower fees than other blockchains. It also supports fast transactions.
Cardano allows you to run smart contracts, build DAPPS and much more.
What is the best way to buy Cardano?
The best way to buy Cardano is through any of the crypto exchanges we recommended in our guide.
FTX will provide you a safe way to purchase ADA for low fees, with a variety of methods to deposit funds. They are the best overall cryptocurrency exchange to buy and sell Cardano.
Coinbase has much higher fees, but allows you to buy from a publicly traded and regulated financial institution.
Binance the worlds largest cryptocurrency exchange, provides a great way to trade ADA both buying ADA and selling ADA. You can also trade Cardano for many other crypto assets.
Can I buy Cardano directly?
Yes you can buy Cardano online directly into your exchange account.
To transfer it from your trading account to your own wallet, you can withdraw from the exchange.
This will cost withdrawal fees, but as Cardano has low transaction fees on their blockchain, the costs should be minimal.
How do I buy Cardano instantly?
To buy Cardano instantly, you need an exchange that allows a credit or debit card purchase.
You can use your debit card on FTX, Binance and Coinbase.
Your Cardano purchase will be instant.
How can I buy Cardano safely?
The safest way to buy Cardano (ADA) is by using reputable cryptocurrency exchanges.
The safest way of buying Cardano in my opinion, is by using FTX.
You can deposit funds via transfer or wire transfer. You can buy ADA instantly and safely.
You can then sell ADA and withdraw using a bank transfer back to your bank account.
Where should I store ADA tokens?
Once you have completed buying Cardano, you need to store your ADA safely.
On your exchange account you don’t control the private keys to your Cardano wallet.
It’s recommended that you move your tokens to a non custodial wallet. This could be in the form of hardware wallets or software wallets which you control.
My favorite hardware wallet is the Ledger X. By using a hardware wallet, you will have to physically confirm transactions before they are sent.
This is the most secure and safe way to store your Cardano.
Where to buy Cardano?
The best place to buy Cardano is FTX.
FTX is a crypto exchange with hundreds of trading pairs and low fees.