Given the popularity of Cardano (ADA), I am surprised at how underrated it is even today.
But believe me, it is not going to stay like that forever.
One less known fact about Cardano is, it is sold as an “investment to retire on” in Asia, specifically in Japan and has a fantastic team backing it.
- Read more here: What is Cardano Cryptocurrency (ADA) & Blockchain 3.0
Cardano has been in the top 10 cryptocurrencies by market cap (as per CoinMarketCap) since December 2017.
But many in the cryptosphere remain unaware of Cardano and how to buy it.
That’s why in this article I will tell you how you can buy Cardano to make it a part of your long-term investment portfolio and where you can do that.
Let’s get the ball rolling.
How To Buy Cardano
Being in the top 10 of CMC is enough to get noticed, and that’s why buying it is easy. A lot of exchanges and services have Cardano listed.
Before that, it is important to understand the ways in which you can buy Cardano (ADA). Here are some of the popular ones:
- Buy ADA using credit/debit cards
- Buy ADA for cash
- Buy ADA from bank deposits or wire transfers
- Buy ADA using other cryptos
- Buy ADA using BTC/ETH
- Buy ADA from peer-to-peer sources
Once you know ‘how to’, you just need to know ‘where to’ go to buy ADA.
Where To Buy Cardano
I have simplified things here by listing services in each of the categories that we have discussed in the previous section.
1. Buy ADA using credit/debit cards
Using credit/debit cards is the easiest way to get hold of any cryptocurrency, and ADA is not an exception. However, there is only one service that lets you buy ADA using cards.
Before using Coinmama for buying ADA, you need to complete their registration and KYC post which, you will be able to buy ADA using a card. Also, make arrangements for your Cardano wallet beforehand, as, unlike other services, Coinmama doesn’t provide an inbuilt wallet.
2. Buy ADA From Bank Deposits Or Wire Transfers
One can buy ADA from services that accept bank deposits or wire transfers. But there are very few services like that allows you to buy ADA through their fiat linked crypto wallets. For now, you can buy ADA for EUR, GBP, INR, and KRW fiat currencies. Here are those services:
- BitPanda: Sepa transfer
- Bitit: Multiple payment options
- LiteBit.eu: Supports EUR.
- Bithumb: Supports KRW.
- Bitbns: Supports INR.
3. Buy ADA in exchange for other cryptos or ETH/BTC etc.
Another easy way to get hold of ADA is through centralized cryptocurrency exchanges that sell ADA.
Through these exchanges, you can exchange one cryptocurrency for another by paying a marginal trading fee. Similarly, if you have ETH, BTC, LTC or USDT, you can exchange these for your ADA cryptocurrency.
Here is the list of established cryptocurrency exchanges where you can exchange other cryptos for ADA:
- Binance: Supported pairs are ADA/BTC, ADA/ETH, ADA/USDT, ADA/BNB
- Huobi: Supported pairs are ADA/BTC, ADA/ETH, ADA/USDT
- Gate.io: Supported pairs are ADA/BTC, ADA/USDT
- Bittrex: Supported pairs are ADA/BTC, ADA/ETH, ADA/USDT
4. Buy ADA for cash or through peer-to-peer sources
Buying ADA for cash or through peer-to-peer sources is difficult because there are no ADA ATMs like Bitcoin, nor does Cardano have escrow P2P platforms like LocalBitcoins.
Update: ADA ATMs are here and you can start using them in Japan.
However, that doesn’t mean that you can’t deal in peer-to-peer fashion if you get a deal. But mind you such dealings can be a fraud because you are solely trusting the buyer and seller. That’s why I won’t recommend this method unless it is the last option.
Conclusion: Buy Cardano (ADA) Cryptocurrency Now
As we speak, Cardano is sitting at #9 of CMC and is expected to grow more with its development happening at a consistent pace.
Plus, because its lead developer is the former co-founder of Ethereum, with full focus on Cardano, you can expect something worthwhile from this affair.
In my analysis, I found ADA crypto slightly better than Ethereum, but that’s just on paper because Cardano yet has to hit the market in full force and it is likely that it will happen in next 10-12 months.
Lastly, don’t keep ADA in services and exchanges that I have listed above in this article. Instead get yourself a Ledger Nano S because it is going to be the first Hardware wallet that will support ADA and development has been happening from some time.
Now it’s your turn to tell me: Are you invested in ADA? If yes, which method have you used to buy your ADA from the above list? Did I miss any other notable ways to buy ADA? Let me hear your thoughts in the comments below!
Here are a few other articles that you should read next:
- Zilliqa Blockchain: Everything You Need To Know
- Buying Bitcoins In Australia: The Complete How-To Guide
- All You Need To Know About Ethos
- How & Where To Buy The Popular NEO Cryptocurrency
- This Is How You Can Use iTunes Gift Cards To Buy Bitcoins
Do share this post with your friends who are interested in Cardano.