How to Buy Cardano

Cardano (ADA) cryptocurrency ranks at 8 place by capitalization. It’s 27 February 2024 on $21,858,738,186 year. Circulating supply: 35,156,549,152. Maximum supply – 45,000,000,000. The price of ADA for today – $0.6217 with trading volume of $597,299,051 for 24 hours. The maximum price of Cardano was registered on 2 September 2021 year and was – $3.090. The lowest price of ADA, $0.019253, was registered on 13 March 2020.
Cardano (ADA)
$0.6217 +5.44% ↑
24h price change
$0.032077
Capitalization
$21,858,738,186
24h trading volume
$597,299,051
on the official website

How to Buy Cardano Price in USD: Convert to US Dollar

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on the official website
Data updated 2/27/2024

    Cardano is environmental-friendly blockchain platform, and the initial cryptocurrency of the project – ADA – is positioned as a next-generation competitor to Ethereum. This is the main reason why investors are interested in the coin and the project as a whole.

    In this review we will discuss the main ways to buy Cardano (ADA) coin available today.

    What is Cardano

    Cardano is an open source third-generation blockchain project and decentralized application development platform. The initial goal of the project was to solve the main problem of the Ethereum network related to scalability, including an increase in the number of transactions per second.

    The Cardano project uses the innovative Ouroboros protocol based on Proof-of-Stake (PoS)consensus mechanism. The protocol behind Cardano does not require mining and does not use large computing power to solve complex problems.

    The founder of the project is Charles Hoskinson. He is technologist, mathematician and CEO of Input Output Hong Kong (IOHK). Previously, he was involved in the launch of such cryptocurrency startups as Invictus Innovations and Ethereum.

    How to buy Cardano ADA
    Charles Hoskinson, founder of Cardano

    ADA, the native token of the Cardano blockchain, appeared on the market in 2017. The coin is named after Ada Lovelace, a famous 19th century mathematician.

    ADA token grants its holders with the right to participate in the network development, and to vote on proposed software changes.

    Where to buy Cardano

    ADA has been one of the top cryptocurrencies by market capitalization for a long time and is very popular among investors and crypto enthusiasts. Therefore, there are many services and platforms that allow you to buy ADA:

    The most profitable way to buy an asset is by major cryptocurrency exchanges that offer a safe market with high liquidity, as well as a large selection of payment options (bank transfers, cards, p2p and etc.).

    Instructions for buying Cardano

    Follow these steps to buy Cardano:

    1. Determine the level of risk: how much and where to invest;
    2. Select an cryptocurrency exchange;
    3. Create an account and verify your identity;
    4. Decide on a strategy and buy a coin.

    Decide on the level of risk

    Any investment in cryptocurrency is always risky and Cardano is not an exception. Due to the high price volatility, you can not only make a profit, but also lose all your funds. Therefore, when buying any crypto asset, including ADA, it is wise to spend only such amout of money you can afford to lose.

    Choose a cryptocurrency exchange

    ADA is traded on many cryptocurrency exchanges. Before choosing a platform for buying a coin, it is recommended to compare them according to a number of parameters: security, liquidity, commissions, regional rules (is it possible for residents of the user’s country to buy assets), users’ reviews. The list of the best exchanges to buy Cardano below.

    Exchange
    Website
    BTC trading volume, 24h
    1Binance
    Binance
    BTC trading volume, 24h
    2,107.70
    2WhiteBIT
    WhiteBIT
    BTC trading volume, 24h
    580.69
    3HTX
    HTX
    BTC trading volume, 24h
    386.97
    4Bybit
    Bybit
    BTC trading volume, 24h
    301.13
    5OKX
    OKX
    BTC trading volume, 24h
    251.32
    You can check out our site for the rating of the best exchanges.

    Create an account

    After choosing a paltform, you need to register on it. The process is quite simple. The steps to follow and requirements do not differ much from exchange to exchange. You can choose any cryptocurrency platform: in this review, creating a new account is considered using the exchange OKX.

    To register on OKX, you need:

    1. Go to to the main page of the site;
    2. Click Sign Up in the upper left corner;
    3. Enter e-mail, password, referral code (if have one) and click Sign Up;
      Create an OKX account
      Creating an OKX account
    4. Into the next window you have to enter the code you have gotten by email and click Next;
      Code form
      Code entry form
    5. After entering the code, the new user will be automatically redirected to his account.
      OKX registration successful confirmation
      Confirmation of successful registration on OKX

    To use the services of the exchange, you also need to verify your identity.

    For detailed registration instructions read in the OKX exchange review.

    Top up your account

    Deposit replenishment options also depend on the chosen exchange. For example, to fund your cryptocurrency account with OKX, you need to:

    1. Log in to your account and click Assets → Deposit;
    2. Select the cryptocurrency to be deposited, for example, USDT, specify the network and click Continue;
      Deposit
      Replenishing the deposit
    3. Specify a type of an account (general or trading), and then copy appeared wallet address or scan QR-code. The minimum deposit amount and the required number of transaction confirmations will be indicated below;
      Getting a cryptocurrency wallet address to top up OKX accounts
      Getting a cryptocurrency wallet address to fund your OKX account
    4. Select an asset in your crypto wallet and paste the address you have been copied at exchange’s page or scan QR-code;
    5. Confirm the operation and check its execution.

    Buy Cardano (ADA)

    To buy ADA on the exchange, you need to follow a few simple steps (for example we will you use OKX):

    1. Log into your account;
    2. Select Basic Trading;
    3. Select trading pair, for example, ADA/USDT;
    4. Set an order type, for example Market;
    5. Specify amount of coins to buy;
    6. Click the Buy button.
    Purchasing ADA on OKX
    Buying ADA on OKX

    How to sell Cardano

    When selling ADA, the procedure is as follows:

    1. Log into your account;
    2. Select Basic Trading;
    3. Select trading pair, for example ADA/USDT;
    4. Set an order type, for example Market;
    5. Specify amount of coins for sale;
    6. Click the Sell button.
    Purchasing ADA on OKX
    Buying ADA on OKX

    Where to store ADA

    After buying Cardano, you need to think about storage for the tokens. Cryptocurrency wallets in which Cardano can be stored can be divided into several categories:

    • Online (this includes crypto exchange wallets);
    • Mobile;
    • Desktop;
    • Hardware (“cold”).
    You may keep ADA on the exchange (exchange wallet) only if you are an active trader. However, you should always remember about additional security measures like: two-factor verification, storing your password and recovery phrase in a safe place, etc.

    Mobile wallets include services developed especially for ADA. One of these is Yoroi (available in the browser version and also as a mobile application for Android and iOS). This is a “light” wallet, i.e. it does not require a full copy of the blockchain to be stored on the device.

    Private keys are stored locally on the device and encrypted with a password. Yoroi is considered a simple and convenient solution for working with Cardano: the service has a well-designed and user-friendly interface. It also has hardware wallet integration with Ledger Nano.

    Yoroi official site
    Yoroi Official Site

    Another popular mobile wallet where you can store Cardano is Infinito Wallet. The wallet supports many cryptocurrencies and payment methods. Wallet has as partners such projects as IOHK, Ziliqa, Changelly, Simplex, Paxful and others. It is possible to buy cryptocurrency using Visa, Mastercard, bank transfer, Paypal etc. You can instantly exchange one coin for another.

    Infinito Wallet Official Website
    Infinito Wallet official website
    Because of crypto platforms and hot wallets are permanently has being attacked, the most secure way to store coins is at hardware (“cold”) wallets. It is also recommended to store private keys separately, for instance on paper.

    Daedalus is a desktop wallet for Windows, macOS and Linux created by Cardano IOHK Development. It is a full node wallet that helps users manage ADA, allows you to send and receive payments on the Cardano blockchain. The wallet can be used for staking.

    Daedalus Official Website
    Official Daedalus website

    Ledger Nano is an ADA compliant secure hardware wallet. Private keys never leave the device, and it’is provides high security for coins.

    ledger official website
    Official ledger website

    How to withdraw Cardano to my wallet?

    To withdraw coins to the wallet you need:

    1. Open Assets, click Withdraws;
    2. Select a coin, specify a network and click Continue;
      Starting ADA withdrawal on OKX
      Starting ADA withdrawal on OKX
    3. Enter the address of the desired ADA wallet, specify the name of the wallet and the number of coins to withdraw. The exchange will automatically determine the fee. Then press Continue;
      End output to OKX
      End of withdrawal process on OKX
    4. Enter funds password and SMS code (if 2FA is configured) in the pop-uped window, and then click Confirm to send a withdrawal request.

    FAQ

    How to buy Cardano?
    The best way to buy Cardano is on an exchange. For this you need:

    1. Create an account;
    2. Select spot trading;
    3. Select a trading pair;
    4. Set order type and number of coins;
    5. Confirm order;
    6. Complete the purchase.

    Where to buy Cardano?
    ADA is a widespreaded cryptocurrency, so there are several options for buying it. The most profitable way is crypto exchange. In addition to the exchange, you can use direct transfers, buying by cash, etc.
    Should I buy Cardano?
    Cardano is a very promising coin, but there are always risks. Cryptocurrencies are prone to rapid price changes and ADA is not an exception. This means that if you look at Cardano or any other digital asset as a way to make a quick money, it is easy to get frustrated. When buying a crypto asset, it is important to stick to the chosen strategy, and also buy only for the amount that you do not mind losing.
    When is the best time to buy Cardano?
    The best time to buy any currency can be determined based on fundamental and technical analysis. Fundamental analysis allows you to evaluate market sentiment, project prospects, the impact of events that may occur in the economy, industry and other factors that affect the value of the coin.
    No less important information that allows you to make a decision on the purchase of a particular coin is technical analysis. This kind of analysis studies price charts and gives you an idea of where the market is headed.
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    Agatha Redich
    Agatha Redich
    Articles author, editor
    Articles author and website editor. Works with texts for over 12 years. Among Agatha’s clients: Rossman, Zara, Bosch, ING Bank, Lexus and others. Crypto journalist since 2018. She wrote more than a hundred articles about cryptocurrencies and the crypto market. Agatha's professional credo is to reveal complex topics in an accessible and simple way.
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    Emil Rabin
    Emil Rabin
    Site expert
    Cryptocurrency expert and financial analyst. Emil has working experience in Bain and KPMG, collaborated with PayPal and Revolut, organized more than 30 educational events about blockchain and cryptocurrencies in Eastern Europe. An expert of the TGDRatings.com portal since 2022.
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