Buy Cardano: A Comprehensive Guide on How to Buy ADA – Best Exchanges & Brokers

Cardano (ADA) has rapidly gained popularity since its launch, thanks to its innovative blockchain technology and focus on scalability and sustainability. Its decentralized nature and growing community appeal to a wide range of investors. In this guide, we’ll show you simple, fast, and secure ways to buy and store Cardano. To keep it simple, we recommend Coinbase as the best option to buy Cardano. Why Coinbase?

The following table explains why Coinbase is the best choice for buying Cardano.

Buy Cardano on Coinbase

Coinbase is a regulated crypto custodian with licenses worldwide, ensuring it meets strict security standards and is overseen by financial authorities. Even BlackRock, the world’s largest asset manager, trusts Coinbase for the custody of Bitcoin in its Bitcoin ETFs, highlighting the platform’s top-tier security.

While you have the option to use external wallets, Coinbase offers a highly secure environment for storing your Cardano (ADA). Unlike some platforms that impose delays on withdrawals, Coinbase processes them instantly, ensuring quick access to your funds.

Cost-effectiveness is another major plus. Coinbase’s fees are competitively low at 0.15%, well below the industry average. For comparison, other platforms can charge as much as 1.5% for ADA transactions.

Security is a top priority for Coinbase, with features such as two-factor authentication, offering an extra layer of protection for your account. They also provide customer support, typically responding within 24 hours. (We can personally vouch for their efficient and helpful support team.)

The platform is designed to be user-friendly, with an intuitive interface perfect for both beginners and experienced traders. You can also manage your Cardano portfolio and execute trades conveniently from anywhere via Coinbase’s dedicated Android and iOS apps.

Coinbase is one of the most popular and user-friendly platforms for buying Cardano (ADA). Here’s how you can buy Cardano quickly, securely, and easily on Coinbase.

Step 1: Sign Up for Coinbase

To get started with buying Cardano, first, create an account on Coinbase. Visit Coinbase.com and click “Get Started.” You’ll be asked to provide your name, email, and password. Once you’ve completed this, click “Create Account.”

Step 2: Verify Your Identity

Coinbase will ask you to verify your identity to comply with regulatory requirements. You’ll need to upload a government-issued ID and provide some personal details like your address and date of birth. This step only takes a few minutes.

Step 3: Add a Payment Method

To buy Cardano, you’ll need to link a payment method. Coinbase supports several options:

• Bank Account: Link your bank account for lower fees and higher transaction limits.
• Credit or Debit Card: Perfect for faster purchases, though fees are typically higher than bank transfers.
• PayPal: In some countries, Coinbase also supports PayPal for deposits and withdrawals.

Step 4: Buy Cardano

Once your account is ready and payment method linked, you’re all set to buy Cardano (ADA)!

1. Go to the “Buy/Sell” section on Coinbase’s dashboard.
2. Select Cardano (ADA) from the list of available cryptocurrencies.
3. Enter the amount of Cardano you want to buy, either in your local currency (USD, EUR, etc.) or ADA.
4. Choose your payment method (e.g., bank account, credit card).
5. Review the transaction details, including any fees, and click “Buy Now” to complete your purchase.

Step 5: Store Your Cardano Securely

Once you’ve purchased Cardano, it will be stored in your Coinbase wallet. For added security, we recommend transferring your ADA to a personal wallet (such as a hardware wallet from Ledger or Trezor) rather than keeping it in your Coinbase account, which is an online exchange.

Benefits of Buying Cardano on Coinbase:

• User-Friendly Interface: Coinbase’s intuitive design makes it easy for anyone to get started.
• High Security: Coinbase uses industry-leading security features, including two-factor authentication (2FA) and insurance for funds held in the Coinbase Vault.
• Multiple Payment Options: Coinbase supports a variety of payment methods, including bank transfers, credit cards, and PayPal.

Buy Cardano on Binance

Binance is one of the world’s largest and most popular cryptocurrency exchanges, known for its high security and user-friendly platform. Until recently (May 2019), it wasn’t possible to directly buy Cardano (ADA) with Euro (EUR) or US Dollars (USD) on Binance. However, this has now changed, and you can easily purchase Cardano with a credit card or trade ADA using different cryptocurrencies. In this guide, we’ll walk you through both options!

Step 1: Register on Binance

Unlike many other exchanges, Binance offers the option to verify your identity. While this step is not mandatory, completing the verification process allows you to increase your daily withdrawal limit to 100 BTC (or the equivalent in ADA). Without verification, the daily limit is 2 BTC (or ADA) and you can still use all the platform features.

Step 2: Buy Cardano with a Credit Card

To buy Cardano (ADA) via credit card on Binance, follow these steps:

1. Navigate to the Credit Card Section: In the top menu, click on “Buy Crypto” and then select “Buy with Credit Card.”
2. Select Your Payment Currency: Choose Cardano (ADA) as your cryptocurrency and select your payment currency (Euro or USD).
3. Enter Your Personal Information: Fill in your details in the provided fields.
4. Verify Email and Phone Number: You will need to verify your email and phone number using a code.
5. Proceed to Payment: After verification, click “Next” to enter your credit card information.
6. Upload ID for Verification: To complete the process, upload the front and back of your passport to verify your identity.

Important Notes Before and After Your Purchase

• Cardano Price Fluctuation: The Cardano amount displayed is based on the current price and may change. If the rate fluctuates by more than ±2.5%, you will be asked to reconfirm the transaction via email from Simplex, Binance’s third-party provider.
• Transaction Fees: Simplex charges a fee of 3.5% per transaction or USD 10, whichever is higher.
• Transaction Limits: The daily limit for purchases is USD 20,000 per user, and the monthly limit is USD 50,000. The minimum transaction amount is USD 50.
• Track Payment Status: After completing your purchase, you can check your payment status and deposit history through Simplex.

Step 3: How to Trade Cardano on Binance

If you already have other cryptocurrencies such as Ethereum (ETH), Binance Coin (BNB), Ripple (XRP), or Tether (USDT), you can deposit them into your Binance account and trade them for Cardano (ADA). Here’s how to exchange Ethereum (ETH) for Cardano (ADA):

1. Deposit Ethereum (ETH): If you already have Ethereum (ETH) on another exchange or wallet, you can directly send it to your Binance Ethereum wallet address. If you don’t have Ethereum yet, you can purchase it on a platform like Litebit. During the purchase process, simply provide your Binance Ethereum wallet address, so Litebit can transfer the ETH to Binance immediately after the transaction is complete.
2. Access the Deposit Section: Once logged in, click on “Funds” in the navigation bar and then select “Deposit.”
3. Find Your Ethereum Wallet Address: In the search box, type “ETH” and select “Ethereum” from the list. You will see your unique Ethereum wallet address, which you can use to transfer your Ethereum from another wallet or exchange to Binance.
4. Exchange Ethereum for Cardano: Once your Ethereum has arrived in your Binance account, you can trade it for Cardano by going to the “Markets” tab, selecting “ETH/ADA,” and placing an order.

Additional Trading Tips

• Leverage Trading: Binance also offers margin trading with leverage for advanced users, allowing you to amplify your trades and maximize potential profits (with higher risk). Make sure to fully understand leverage before using this feature.
• Security: Ensure you activate two-factor authentication (2FA) to protect your account. Binance offers various security features like cold storage for crypto funds and insurance coverage in case of major losses.

Buy Bitcoin on Kraken

Kraken is a regulated crypto custodian with licenses across various jurisdictions globally. This means Kraken adheres to stringent security standards and is overseen by financial authorities, ensuring the safety of your assets. Kraken is trusted by institutional investors, including major entities in the financial world, for the custody of cryptocurrencies, which highlights the extremely high level of security Kraken provides.

Kraken offers the flexibility to use external wallets, but it also provides a highly secure environment for storing your Cardano (ADA). Unlike some platforms, Kraken processes withdrawals swiftly, allowing you to access your funds promptly.

When it comes to cost-effectiveness, Kraken’s fees are highly competitive. The platform’s trading fees are structured in a tiered manner, with the lowest fees reaching 0.16% for makers and 0.26% for takers, which are notably lower than many competitors in the market.

User security is a top priority at Kraken, with features such as two-factor authentication (2FA) and advanced encryption to protect your account. The platform also offers customer support that typically responds quickly, providing assistance whenever needed.

Kraken is designed to be user-friendly, accommodating both beginners and advanced traders. Its intuitive interface is complemented by mobile apps for both Android and iOS devices, enabling you to manage your Cardano portfolio and execute trades conveniently on the go.

Kraken is one of the most trusted and secure platforms to buy Cardano (ADA). Here’s how you can buy Cardano securely and efficiently on Kraken.

Step 1: Sign Up for Kraken

To get started with buying Cardano, create an account on Kraken’s platform. Visit Kraken.com and click on “Create Account.” You will be asked to enter your name, email, and create a secure password. Once completed, click “Create Account.”

Step 2: Verify Your Identity

Kraken requires you to verify your identity to comply with financial regulations. You will need to upload a government-issued ID and provide personal details such as your address and date of birth. This verification process is necessary for your security and may take a few minutes to complete.

Step 3: Add a Payment Method

To buy Cardano, you must link a payment method. Kraken supports several payment options, including:

• Bank Account: For lower fees and higher transaction limits.
• Credit or Debit Card: Ideal for faster purchases, though fees tend to be slightly higher than bank transfers.
• Wire Transfers: For larger purchases, Kraken also supports wire transfers in several countries.

Step 4: Buy Cardano

Once your account is set up and a payment method is linked, you’re ready to buy Cardano!

• On the Kraken dashboard, go to the “Buy Crypto” section.
• Select Cardano (ADA) from the list of cryptocurrencies.
• Enter the amount of Cardano you’d like to purchase, either in your local currency (e.g., USD, EUR) or in ADA.
• Choose your payment method (e.g., bank account, debit card).
• Review the transaction details, including any fees, and click “Buy Now” to finalize your purchase.

Step 5: Store Your Cardano Securely

After purchasing Cardano, it will be stored in your Kraken wallet. For enhanced security, it’s recommended to transfer your Cardano to a personal wallet, such as a hardware wallet (e.g., Ledger or Trezor), rather than keeping it on Kraken, an online exchange.

Benefits of Buying Cardano on Kraken:

• User-Friendly Interface: Kraken is known for its clear and easy-to-navigate design, making it simple for beginners to use.
• High Security: Kraken employs top-tier security measures such as two-factor authentication (2FA) and provides insurance for funds held in its vault.
• Competitive Fees: Kraken offers low, competitive fees, making it an attractive option for both small and large transactions.
• Multiple Payment Options: Kraken supports various payment methods, including bank transfers, credit cards, and wire transfers, to cater to different user needs.

Buy Cardano on Kriptomat

About Kriptomat

In contrast to the established broker eToro, Kriptomat is a comparatively young crypto exchange, but no less trustworthy. On Kriptomat, you can buy over 30 cryptocurrencies directly via Euro, USD, etc., and also send them directly to an external wallet. It is important to note that trading is currently restricted to Europe, so investors from, for example, the USA are not allowed to use the platform.
The focus is on an easy-to-use and modern user interface that allows anyone to buy and trade cryptocurrencies. Therefore, Kriptomat is our top recommendation, especially for beginners! As far as seriousness is concerned, Kriptomat can convince with two licenses from the Estonian government.

Furthermore, there is another unbeatable advantage of Kriptomat: the fees. In contrast to other exchanges and brokers, Kriptomat does not charge a price premium. Your purchase price corresponds to the spot price of Cardano. Kriptomat only charges a nominal fee for each transaction. The calculated fees are always displayed transparently during the creation of the buy order.

Set up a Cardano account on Kriptomat

First of all, you should know that Kriptomat adheres very closely to the legal requirements of the European Union and therefore requires a complete verification of your identity. To buy Cardano on Kriptomat, you first need to create an account. Go to the official website kriptomat.io and click on the orange “Register” button. This will open a pop-up window where you need to enter your first and last name, email address, and a password for the exchange.
Kriptomat will then send you an email with a confirmation link. By clicking on the link, you verify your account. Once completed, you can log in to your Kriptomat account with the credentials you just entered.

Buy Cardano at Anycoin

Anycoin is a popular cryptocurrency exchange platform that offers a simple and secure way to buy and sell Cardano (ADA) and other cryptocurrencies. It caters to both beginners and more experienced traders, providing an intuitive interface and a variety of features designed to make crypto trading easier and more secure.

Key Features of Anycoin:

1. User-Friendly Interface: Anycoin offers a straightforward and clean platform, making it easy for new users to start trading and for more experienced traders to access advanced features.
2. Wide Selection of Cryptocurrencies: Anycoin supports a range of cryptocurrencies including Cardano (ADA), Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and more, allowing you to diversify your portfolio easily.
3. High Security Standards: Security is a priority for Anycoin, with features like two-factor authentication (2FA) and SSL encryption to protect user accounts and transactions. This ensures your crypto holdings are safe from external threats.
4. Low Fees: Anycoin aims to provide competitive fees for trading and transactions, making it an attractive option for those looking to minimize costs while trading digital assets.
5. Multiple Payment Methods: Users can purchase cryptocurrencies using various payment methods, including bank transfers, credit cards, and sometimes even PayPal, depending on their location.
6. Fast Transactions: Anycoin processes transactions quickly, allowing users to purchase cryptocurrencies without long delays. This quick access to funds is a major benefit for those who need to act fast in the market.
7. Support for Wallets: While Anycoin provides its own wallet to store your crypto assets, it’s also recommended to use your own personal wallet for added security. This can include hardware wallets or other types of secure storage.
8. Dedicated Customer Support: Anycoin offers customer support, providing assistance with any issues or inquiries that might arise during your experience on the platform.
9. Mobile Apps: Anycoin has apps available for both Android and iOS devices, making it easy to manage your portfolio and execute trades on the go.

How to Buy Cardano on Anycoin:
Watch the tutorial video

1. Create an Account: Start by visiting the Anycoin website and clicking on “Sign Up.” Enter your name, email address, and create a password. Afterward, you’ll receive a verification email to confirm your account.
2. Verify Your Identity: Anycoin will ask you to complete a verification process to comply with regulatory requirements. This may involve submitting a government-issued ID and some personal information.
3. Link a Payment Method: To buy Cardano, link a payment method to your account. Anycoin supports various payment options like bank transfers, credit cards, and PayPal.
4. Make Your Purchase: Once your account is verified and your payment method is linked, go to the “Buy” section, select Cardano, and enter the amount you wish to purchase. Review the transaction details and fees, then complete your purchase.
5. Store Your Cardano Securely: After buying Cardano, it will be stored in your Anycoin wallet. However, for extra security, it’s recommended to transfer your crypto to a personal wallet (e.g., a hardware wallet) for safe storage.

Benefits of Using Anycoin:

• Simple and Easy to Use: With its user-friendly interface, Anycoin makes cryptocurrency trading accessible to everyone, including beginners.
• Secure Platform: Advanced security measures, including 2FA and SSL encryption, help ensure your funds are safe.
• Variety of Cryptocurrencies: You can easily buy Cardano and other major cryptocurrencies on Anycoin.
• Competitive Fees: Anycoin offers low transaction fees, making it a cost-effective platform for crypto trading.
• Quick Transactions: The platform processes transactions quickly, providing fast access to your purchased assets.

Bybit is a popular cryptocurrency exchange platform that specializes in trading digital assets such as Cardano (ADA), Bitcoin (BTC), Ethereum (ETH), and other cryptocurrencies. Known for its advanced features and high liquidity, Bybit is primarily used by more experienced traders, especially those interested in leveraging trading and derivatives.

Key Features of Bybit:

1. Advanced Trading Tools: Bybit offers a range of professional trading tools including spot trading, margin trading, and derivatives trading (futures contracts). The platform also provides advanced charting features and technical analysis tools to help users make informed decisions.
2. High Liquidity: Bybit is known for its high liquidity, which is particularly beneficial for traders who need to execute large trades without significant slippage. This makes it a reliable platform for both day traders and those looking for long-term positions.
3. Leverage Trading: One of Bybit’s standout features is its leverage trading options. Users can trade with leverage, enabling them to amplify their positions and increase potential profits. However, this also comes with higher risks, and it’s important to use leverage cautiously.
4. User-Friendly Interface: Despite offering advanced trading options, Bybit maintains an intuitive and user-friendly interface, making it accessible for both beginner and experienced traders. The platform’s clean design helps users navigate the various trading tools easily.
5. Security Features: Bybit places a strong emphasis on security with features such as two-factor authentication (2FA), cold storage for crypto assets, and an insurance fund to cover any potential losses during extreme market conditions. These measures help ensure the safety of user funds.
6. Mobile App: Bybit offers mobile apps for both Android and iOS, allowing users to trade and manage their crypto assets on the go. The mobile apps have many of the same features as the desktop platform, providing flexibility for traders who need to stay connected to the markets at all times.
7. Fast Transactions: Bybit offers quick and seamless transactions, with order execution speeds often cited as one of the fastest in the industry. This ensures that trades are executed without delay, which is crucial in volatile markets.
8. Referral Program: Bybit has a referral program that allows users to earn rewards by inviting others to join the platform. This is a great way for traders to earn additional income while growing the community.
9. Customer Support: Bybit provides 24/7 customer support to help users with any issues or questions. The platform offers support through live chat, email, and other communication channels, ensuring that help is readily available.

How to Buy Cardano on Bybit:

1. Create an Account: Start by visiting the Bybit website and clicking “Sign Up.” You’ll need to provide your email address and create a secure password. After registering, you will receive a verification email to activate your account.
2. Verify Your Identity: To comply with regulatory standards, Bybit may ask you to complete a KYC (Know Your Customer) verification process. This can involve uploading a government-issued ID and some personal information to verify your identity.
3. Deposit Funds: Once your account is set up, you need to fund your account. Bybit supports deposits in several cryptocurrencies, including Cardano, Bitcoin, Ethereum, and USDT (Tether). You can deposit these digital assets directly into your Bybit wallet.
4. Buy Cardano: To buy Cardano on Bybit:
   • Navigate to the “Spot” trading section on the platform.
   • Select Cardano (ADA) as the cryptocurrency you wish to purchase.
   • Choose your trading pair (e.g., ADA/USDT).
   • Enter the amount you want to buy and review the transaction details.
   • Confirm the purchase to complete the transaction.
5. Store Your Cardano: After purchasing Cardano, you can store it in your Bybit wallet. However, for added security, it’s recommended to transfer your Cardano to a private wallet, such as a hardware wallet (e.g., Ledger or Trezor), rather than keeping it on the exchange.

Benefits of Using Bybit:

• Advanced Trading Options: Bybit is ideal for traders looking for advanced features like margin trading and leverage, along with access to a wide range of crypto assets.
• Fast Execution and High Liquidity: The platform provides fast order execution and deep liquidity, which is crucial for active traders in fast-moving markets.
• Security: Bybit prioritizes user security with features like two-factor authentication (2FA), cold storage, and an insurance fund.
• Mobile Trading: Bybit’s mobile apps allow users to trade and monitor their portfolios from anywhere.
• Competitive Fees: Bybit offers competitive trading fees, making it an attractive option for traders looking to minimize costs.
• 24/7 Support: Bybit provides round-the-clock customer support to help resolve any issues or concerns quickly.

Best Cardano wallet: Electrum

When using a desktop wallet, we’ve had very good experiences with the Cardano Electrum Wallet. We will show you briefly how to download and use it. First, you need to go to the official site and download the wallet (click!). If you click on the link, you’ll be taken to the website where you can download the wallet. Scroll down a bit and then click on the button “Download Electrum“.

Now you will land on a page where you have to choose the appropriate wallet for your operating system. If you are using Windows, you will need to download the Wallet version for Windows. For example, if you are a Windows user, click on “Windows Installer” (see picture: red arrow). If you want the app for macOS or Linux, you need to select the respective installer.

When the file is downloaded, click on the setup file. Select a directory where the wallet should be installed and click on “Install”. The installation should not take longer than 5 minutes. Once the installation is complete, click “Close”.

Congratulations, the wallet is installed! Now, you can start the Cardano Electrum Wallet by double-clicking the Electrum icon on your desktop. The software will ask you how you want to connect to the network. As a beginner, we recommend that you select “Auto connect” at this point.

The Electrum software will detect that you haven’t yet created a wallet. At this point, you simply have to click “Continue” and you can give the wallet a name if needed. Then you have the option to set up different types of wallets. If you are new to using wallets, we recommend selecting the “Standard Wallet” option. The standard wallet is completely free and works well for most users.

For increased security, you may want to create a “Wallet with two-factor authentication“. This requires a smartphone and the Google Authenticator app, which can be downloaded from the App Store or Google Play Store. If you choose the two-factor authentication option, there will be an additional cost. We highly recommend it as it adds a layer of security to your wallet.

After clicking “Next,” you will be prompted to generate a seed phrase. The seed phrase depends on the address type you select. We recommend the “Segwit” setting, as this is the most widely used address type. Then you’ll see your 12-word seed. This is your key to the wallet in case you lose your password or your computer breaks down. Therefore, it is extremely important that you write down the seed and store it in a safe place, preferably on paper.

In the next step, you’ll be asked to re-enter the seed. Once done, Electrum will prompt you to create a password. The longer, the better. Make sure to include numbers and special characters. You will use this password every time you open the wallet, so keep it safe.

Now you are ready to use the Cardano Electrum Wallet. The “Receiving Address” can be found in the “Receive” tab on the dashboard. Copy this address and use it on exchanges such as Litebit or other Cardano platforms as the “Receiving Address” when purchasing Cardano. Once you’ve entered your receiving address and selected a payment method, click “Buy”. Typically, the transaction will be credited to your wallet within 24 hours.

If you have any questions, feel free to leave a comment, and we’ll be happy to assist you!

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