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How & Where to Buy Cardano A Step-by-Step Guide to Buying ADA

  1. Sign up at Binance.US, the #1 rated ADA exchange.
  2. Fund your account with cash or crypto.
  3. Buy CardanoADA
  1. STEP 1Find the Best ADA Exchange
    • binance.us logo
      Ease of use
      Easy
      Time to 1st Buy
      24 hrs
      24h Volume
      $27,986,487
      Coins
      58

      Founded in 2019 as the USA-focused branch of the Binance family of exchanges, Binance.US supports trading in over 50 cryptocurrencies, and has the same industry standard low 0.1% fees as the original international Binance exchange. American users can buy crypto directly with a debit card, but Binance.US is not available in 7 states including New York & Texas.

    • fLpdtiaZ
      Ease of use
      Easy
      Time to 1st Buy
      2 hrs
      24h Volume
      $
      Coins
      59

      No platform has been able to attract first-time cryptocurrency investors quite like Coinbase. Each quarter, millions of new users sign up and take advantage of the simplest and smoothest customer purchasing journey in the market. Coinbase also aims to educate beginners, paying them in crypto to learn about different projects.

    • Current Coinbase Pro Review
      Ease of use
      Very Easy
      Time to 1st Buy
      24h Volume
      $-1
      Coins
      54

      Coinbase’s advanced cryptocurrency trading platform, fitted with lower fees and far more functionality. Formerly the highly popular GDAX, Coinbase Pro was purchased and rebranded with great success, now boasting the world’s third-highest daily trading volume and average liquidity. Highly secure with zero hacks. Accounts can be connected to Coinbase to access wallet holdings.

    • coinswitch reviews
      Ease of use
      Time to 1st Buy
      24h Volume
      $
      Coins
      361

      This mobile aggregator platform collects data from all major exchanges, making it possible to swap a large number of cryptocurrencies at highly competitive rates. Mobile app-only CoinSwitch Kuber is the most popular cryptocurrency exchange service in India, with over 4 million users. Hassle-free arbitrage and trading process.

    • kraken exchange
      Ease of use
      Very Easy
      Time to 1st Buy
      24h Volume
      $189,010,906
      Coins
      66

      A decade of security, honesty, and transparency has given San Francisco’s Kraken an impressive reputation and helped it to become the fourth-largest cryptocurrency exchange in the business. The brokerage service offered by Kraken has more coins to buy and sell directly with cash than most of their competitors. Debit and credit card purchases are permitted with comparably low fees. Well-suited to beginners and those who want to buy and hold coins long-term.

    Go to Binance.US and create an account. In some cases, the exchange will need some personal information like email address, phone number, name, address, and a copy of your government ID or passport.

    This is completely normal and all exchanges we list on this page have security in place to protect your personal info.

  2. STEP 2Fund Your Account

    It is now time to add funds to your newly created exchange account. This will allow you to purchase Cardano CardanoADA quickly.

    Upon signing up at the exchange, you should be shown easy to follow instructions to buy ADA with cash from your bank account or credit or debit card. Some exchanges also accept alternative funding methods such as Paypal, Apple Pay, Skrill, or Sofort by Klarna. You can also deposit any supported cryptocurrencies directly into your exchange account and trade them for ADA.

Frequently Asked Questions About Buying & Selling Cardano (ADA)

How do I Buy ADA with Crypto?

If you want to buy ADA with a cryptocurrency like Bitcoin, Ethereum, Litecoin, XRP, or BNB, then you can simply sign up for Binance.US and send your crypto to your account.

You can view the supported cryptocurrencies for the exchange you selected by going to the assets or wallet screen. Once you see a list of coins, you should be able to select one and click "deposit" which will show you the address to send your crypto to Binance.US.

You will then copy that address and paste it into the wallet holding your cryptocurrency and send.

Depending on the blockchain used and how quickly the exchange processes deposits, your funds should show up in your exchange balance within minutes.

How do I sell Cardano (ADA)?

To sell ADA, simply reverse the buying process described above. You will likely need to trade your CardanoADA into a USD coin like usdtUSDT. Look for a "Sell" button in your account wallet and sell for Dollars, then initiate a transfer to your bank account. To withdraw cash to your bank, you will likely need to complete a full KYC (Know Your Customer) process if you haven't already.

Cardano Research Center

Cardano Technical Details & Statistics

Tokenomics
  • Market Rank4
  • Market Cap66,232,571,075
  • Circulating Supply32,025,787,327
  • Total Supply33,117,618,880 ADA
  • Max Supply45,000,000,000
Yesterday's Trading
  • 24 HR Volume5,548,063,717 USD
  • Yesterday's High / Low---
  • Yesterday's Open / Close---
  • Yesterday's Change---
All Time Performance
  • All Time High---
  • All Time Low---

What is Cardano?

Cardano is one of the first coins to use a Proof of Stake (PoS) blockchain built using the Haskell programming language. Their patented blockchain technology is known as “Ouroborous” and offers advanced security and functionalities not normally associated with PoS coins. The whitepaper for Ouroborous is extremely thorough and over 50 pages in length, written in an academic style. Their multi-staffed development team has many members with PhD’s, in a wide variety of fields, from mathematics to linguistics to computer sciences. It aims to provide extremely secure transactions while simultaneously making cryptocurrency easier to use by anybody.

History of Cardano (ADA)

Cardano was launched on September 29th, 2017 by technology company IOHK, and is one of the first coins to have a blockchain built using the Haskell programming language. The company was founded in 2015 by mathematician Charles Hoskinson and marketing strategist Jeremy Wood. IOHK is dedicated towards the improvement of “peer-to-peer” (P2P) technologies and services. Some of the previous projects IOHK team members have been involved in include the development of  NXT (NXT), Ethereum Classic (ETC), and the ADA wallet, Daedalus. The Cardano team consists of over 30 individuals and is one of the more pre-planned and thought-intensive cryptocurrencies to be released to date.

How Cardano Works

By making use of the relatively newly-developed Haskell programming language, the Ouroborous blockchain aims to make improvements upon classical PoS blockchain architectures. Haskell itself uses a “lazy evaluation” programming strategy and is a “purely functional” computing language, meaning it is simpler to program and less prone to bugs because programmed commands do not overlap or interfere with one other. The Cardano PoS system introduces a novel mechanism known as a “Settlement Layer,” which they propose not only speeds up transaction times but encourages users to engage in long-term participation by rewarding them with a certain amount of new coins based on the total number of coins held in each wallet, or address.

Why Use Cardano?

From the Cardano Introduction page:

“While there are similarities between Bitcoin and Cardano SL, there are also many differences between these two cryptocurrencies. The most significant difference is that Bitcoin is a proof of work type cryptocurrency, while Cardano SL makes use of a proof of stake approach to reach consensus. This encourages honesty and long term participation.”

From the IOHK Research website:

“We present ‘Ouroboros’, the first blockchain protocol based on proof of stake with rigorous security guarantees. We establish security properties for the protocol comparable to those achieved by the bitcoin blockchain protocol. As the protocol provides a ‘proof of stake’ blockchain discipline, it offers qualitative efficiency advantages over blockchains based on proof of physical resources (e.g., proof of work). We also present a novel reward mechanism for incentivizing Proof of Stake protocols and we prove that, given this mechanism, honest behavior is an approximate Nash equilibrium, thus neutralizing attacks such as selfish mining. We also present initial evidence of the practicality of our protocol in real world settings by providing experimental results on transaction confirmation and processing.”

How to Buy Cardano ADA

Cardano (ticker ADA) can be bought at most legitimate crypto exchanges. It’s available at Coinbase, Binance, CoinSwitch, HitBTC, Gate.io, FTX Exchange, BitMex, and many others. View the entire list of Cardano ADA exchanges here.

Cardano ADA Casinos, Poker & Sports Betting Sites

Currently, Cardano ADA is only available at one online gambling site – Betcoin.ag. Betcoin has a complete casino with hundreds of games, live dealer table games, and a sports betting area as well. They do not offer online poker.

As more gambling sites begin to accept ADA we will update CoinClarity with that information.