Home »   The Complete Guide to Buying Cardano

  The Complete Guide to Buying Cardano

by Sneha Shukla

  The Complete Guide to Buying Cardano

 

The rise of crypto currencies has been phenomenal. It seems like every day there is a new coin that either hits an all-time high or crashes and burns. If you want to be part of this game, then you should learn about buying Cardano. This article will give you the complete guide to your questions like where can i buy cardano?

 

A Bit of History

 

Cardano was launched in September 2017 and is currently the seventh-largest crypto currency by market capitalization. It’s a coin with enormous potential that will only be realized when more investors start trading it because there are still relatively few people involved. 

 

That said, the token has already enjoyed some success as an early mover in the industry thanks to its position at number six on Coinmarketcap’s list of coins – ahead of Ethereum Classic, NEO, and IOTA.

 

Cardano is a decentralized public block chain and crypto currency project that seeks to deliver more advanced features than any protocol previously developed. It’s the first block chain platform to evolve out of scientific philosophy, as well as being the first one built on peer-reviewed academic research.

 

Where to Buy Cardano?

 

Here are the top three exchanges to buy Cardano.

 

– GDAX is a more sophisticated exchange that offers higher trading limits and lower fees than Bittrex. The downside is that it does not currently support fiat currency so you’ll need to either buy BTC, ETH or LTC first on another platform before moving them to your account with GDAX to trade ADA from there.

 

– Poloniex has been around for quite some time and was one of the very first exchanges where you could start buying Cardano. It supports many different coins including Bitcoin (BTC), Ethereum (ETH) but also USDT – USD Tether Tokens instead of actual US Dollars as well as Bitcoin Cash (BCH). This means that if you’re just looking at investing in bitcoin and want an easier way to do so, then you can buy BTC on Poloniex.

 

– Kraken is a great exchange that offers more crypto currencies than any other platform and has the second most liquid order book at present according to Coinmarketcap. However, like GDAX it does not currently support fiat currencies which means you have to be looking for long term investments or hold your money in one of the many supported crypto before transferring them over to this platform via wire transfer or by buying with another crypto currency first if needed (again I recommend ETH since they are cheaper).

 

The above three places cover all options available today when using Cardano but new exchanges are coming up each day too so as soon as we find one worth mentioning here, we will let you know.

 

The downside is that it limits withdrawals from a trading account if they require KYC identification to comply with US regulations so you’ll need a separate wallet for storing ADA coins outside of Bittrex unless you’re willing to submit ID documentation first before withdrawing any funds without incurring large fees. 

 

To buy Cardano on Bittrex you will need to first buy Bitcoin or ethereum with US dollars via wire transfer. This option is the most expensive but it also provides instant deposits which are faster than waiting for a bank deposit as well as the ability to trade more currency pairs and altcoins when compared to other exchanges like Kraken. 

 

To get started login in using your email address, password and two-factor authentication (which can be enabled after clicking “profile settings”) then click on “trade” at the top right corner of their homepage. Here you’ll find all available trading pairs including ADA/BTC and ADA/ETH. The ADA/BTC pair can be found by clicking on the “markets” tab and then scrolling down to find it under “trading pairs”. You will now see a chart with two columns: one for Bitcoin and another for Cardano, either of which you’d like to trade. In this case, we’ll enter 150 USD in the BTC column so that Bittrex knows how much worth of bitcoin we want to purchase from them. Next click on “buy” below where it says “I have $150 available right now.” This will bring up an order form asking what price you would like your coins at (specifying only a single decimal point).

Related Posts

Leave a Comment