Cardano can be used to send and receive digital funds. The official website claims that the Cardano platform is being constructed in layers and that gives the system more flexibility to easily be maintained while allowing for soft fork upgrades. A separate layer is being planned to handle smart contracts and decentralized apps. You’ll learn how to buy Cardano quickly and easily with this guide.
Check out the official Cardano site to learn more about Cardano, and learn how to buy Cardano with this guide!
This article will cover a few different ways of buying Cardano (ADA). Cardano has been around since 2015 and certainly has made its mark on the cryptocurrency space. Since its beginning, Cardano has consistently been picked up by various exchanges, making it one of the more simple coins to buy.
Cardano is available on a few different exchanges. We’ll cover how to purchase it on each exchange below.
Disclosure: No content in this article should be taken as financial advice. Investing can be risky, so it is recommended that you consult with your accounting, legal, and tax advisors before engaging in any kind of transaction.
How to Buy Cardano: Buy Cardano with Binance
Step 1: Create and verify your Binance Account.
If you are a U.S. resident, click here to create your account:
If you live outside the U.S. click here to create your account:
Go through the guided steps to set up your account. You will be required to verify your identity which should only take a few minutes.
Step 2: Begin to Buy Cardano with USD (Or Other Fiat)
You will need to connect your bank account in order to buy ADA or you can buy ADA with a debit/credit card. You will be able to buy Cardano with your local currency. We highly recommend purchasing through connecting a bank account to avoid high fees!
Simply navigate to “Buy Crypto” on the top menu bar.
Now, simply click on “Payment Method” and “Add New Payment Method” and then choose one of the following:
- ACH (this is a bank transfer and recommended for beginners + lowest fee)
- Credit/Debit Card (recommended for beginners and small purchase amounts)
- Domestic Wire (not recommended)
Once you’ve chosen your preferred way to transfer fiat to your account, you’ll simply follow the on-screen instructions to put money in your account and move to the next step.
Step 3: Convert Fiat to USDT
Great – you’ve successfully deposited fiat into your account! Now you will need to convert your fiat (ie. USD, EUR, etc) to cryptocurrency. We recommend buying USDT with your fiat. USDT is simply a token that is equivalent to the U.S. dollar. It makes it simple to purchase currencies like Cardano and other coins in the future!
If you transferred USD to your account, you can go ahead to the next step. For everyone else, once you purchase USDT, you’re ready to start buying Cardano!
Step 4: Buy Cardano
Simply navigate to the “Buy Crypto” option on the top menu bar. Under “Buy” search for “ADA.”
Type in the amount of USD you would like to convert to Cardano. Mission accomplished! You now have Cardano!