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Cardano (denoted by ADA) is a cryptocurrency network and open-source platform. It uses the Outboros proof-of-stake technology for providing a blockchain that is less prone to any kind of tampering and therefore provides more security.

 

The underlying technology of this crypto helps developers to execute end-to-end tests on their programs without having to deploy the code. Cardano network’s goal is to create and also run a public blockchain platform for all kinds of applications that are smart contract-derived.

 

The system runs on ADA, the underlying digital coin of Cardano. You can trade this digital currency on any leading cryptocurrency exchange. By investing in Cardano, you can not only make significant gains in terms of return of investment (ROI) but also support the project.

 

Currently, (as of April 28, 2021), Cardano (ADA) is the 6th largest crypto in terms of market capitalization. Its market cap is hovering around 31,948,309,441, which is 1.52% of the US$2.10 trillion total global crypto market cap. In the first 4-months of 2021, the price of ADA has increased by around 640% and is currently hovering around US$1.29.

 

Diversify your token holdings beyond BTC and ETH by including leading altcoins such as Cardano (ADA). Now, let’s take you through the process and steps for buying ADA.

buy cardano

Buy Cardano (ADA): But How?

 

The best, secure, and easiest way to purchase ADA is through a cryptocurrency exchange. Here are the steps involved.

 

Step #1: Search for a Crypto Exchange that allows Users to Buy and Sell Cardano

 

Almost all the crypto brokers offer ADA for purchase. To choose any one of them, you have to look for certain characteristic features such as:

 

  • The range of cryptocurrencies that you are able to buy from the platform. More the better.
  • A reliable and easy-to-use platform of the broker is preferred. If you are a beginner, you may want to use a more intuitive broker such as Coinbase. However, if you are an advanced trader/investor, you may want more charts to make the next move. In that case, you may choose Coinbase Pro.
  • The assets offered by the broker are another important feature you should look into. While some brokers offer only cryptocurrencies, others provide a combination of both cryptos and stock accounts.
  • Fees structure should be looked into. It includes both commissions and maintenance fees.
  • Availability of two-factor authentication, encryption, and security features must also be there.

 

Top 4 Best Exchanges to Buy Cardano (ADA)

 

  1. eToro
  2. Coinbase
  3. Crypto.com
  4. Coinmama

 

eToro

 

This is one of the leading most names in the day trading circle. eToro is most known for providing its users with its revolutionary “CopyTrader” technology. It enables them to “copy” the moves of professional traders. You simply have to choose a trader from the professional trader community of eToro. Now,  click the “copy” button for instantly copying the moves of the traders. This feature is a major draw for investors who are new to cryptocurrency trading and not confident enough to make trading moves confidently.

 

In addition, eToro provides its traders and investors with a clean and intuitive interface, which is best for newbies or beginners in cryptocurrency trading. 15 other most popular digital coins can also be traded on this platform.

 

Coinbase

 

It is the largest cryptocurrency exchange in the United States and also one of the biggest in the entire world. This leading most exchange makes it exceptionally easy and simple to buy almost any digital currency including ADA. Almost all major cryptocurrency pairs are available for buying and selling.

 

Coinbase provides you with the unique feature of earning crypto rewards. If you are an advanced trader, the Coinbase Pro platform is best suited to your needs. It offers enhanced functionalities such as more order types, advanced charts, and many more.

 

It doesn’t have the most affordable fee structure but provides you with an easy enough platform where even a beginner can trade and invest easily.

 

Crypto.com

 

This exchange/broker enables you to store, transfer, and exchange over 90 cryptocurrencies. Its account verification process is easy and takes less than 5 minutes. Crypto.com provides you with round-the-clock customer support.

 

The best thing about this platform is that it offers its customers with:

Own Visa card

Wide range of apps such as:

  • Crypto Pay
  • Crypto Earn
  • Crypto Credit
  • Crypto.com Exchange
  • DeFi Wallet

 

Availability of this wide array of products helps users to get started on investing in digital coins easily.

 

Coinmama

 

This is a widely used digital currency exchange. It helps you to buy coins in fractions. The buying limit on Coinmama is higher than its peers. Every day you can purchase US$5,000 worth of cryptos. In a month the limit is up to US$20,000. However, the fee of a transaction on this exchange is 5.5%. You’ll be charged an additional 5% fee if you use a credit card for payment. It is available in over 220 countries. In the United States, Coinmama is available in almost half of the states.

 

Step 2: Open an Account with an Exchange

 

Once a brokerage/exchange is selected, open an account. It would ask for certain personal information while opening an account. Most exchanges ask for the following information about the user:

 

  • Full Legal Name
  • Address
  • Phone Number
  • Email Address
  • Government-issued photo ID’s copy (such as passport, driver’s license, or military ID)

 

It takes just a few minutes to open an account. However, verification of the user identity may take a longer time in some cases.

 

Step 3: Fund Your Account

 

Once an account is opened, you have to link a funding or payment method so that you can transfer the money from your source of payment to the concerned brokerage account. Most brokers provide direct bank transfers and credit/debit cards as payment methods. Depending upon the broker or payment method, it may take anywhere from a few hours to few days for linking the payment source with the account.

 

Step 4: Buy a Wallet

 

Once you have opened a brokerage account with an exchange, it is now time to make arrangements for securely storing the Cardano ADA coins you purchased. If you are holding ADA for a longer period of time then hardware wallets are preferred. This is because they are offline storage options and a physical device is involved in storing the keys.

 

There are mainly two types of wallets available for crypto users:

 

  • Hot Wallet

Hot Wallets remain connected to the internet for showing coin balance. They are easier to access and hold more coins. However, they are more susceptible to hacking and malware attacks.

 

  • Cold Wallet

Cold storage is not connected to the internet. As they are offline, they are not susceptible to hack or malware attacks. Hardware wallets and paper wallets come under this category. Hardware wallets provide the highest degree of security to cryptocurrencies.

 

Top 3 Best Hot Wallets for Cardano (ADA)

 

  • Daedalus Wallet

Can be used with Windows (only Windows 8.1 and 10 versions are supported), Mac, and Linux. It works perfectly with both Ledger Nano S/X and Trezor Model T hardware wallets.

 

  • Yoroi Wallet

It is easy to install and use on Android and iOS devices. Extension on Chrome, Firefox, and Edge browsers are available. It works with both Ledger Nano S/X and Trezor Model T hardware wallets.

 

  • AdaLite

Web-based wallet, which is compatible with hardware wallets.

 

Top 2 Best Hardware Wallets

 

  • Ledger Nano X

Bluetooth compatible and supports more than 1,200 individual cryptocurrencies. The price is US$118.

 

  • Trezor Model T

Comes with Touch Screen Displays.

 

Step 5: Buy Cardano

 

You can place orders for buying Cardano (ADA) through your account with the exchange. You can place an order of 1 ADA coin or fractions of it known as  Lovelace. Check the current price and place an order.

 

Step 6: Transfer Your ADA Coins to a Wallet

 

Once an order is fulfilled, the Cardano coins are transferred to your account. If you want to hodl, you can secure the coins in a wallet by using your private keys. For long-term holding, storing ADA on a hardware wallet is recommended.

 

Choose Cryptocurrency Copy-Trading Bots to Increase ROI

 

Cryptocurrency Trading Robots (such as NapBots.com) automatically scan the market in real-time and trades for you. They run 24/7, which means that you can keep earning your passive income even when you are sleeping. This gives you an edge over other investors as it enables the bot to book profits on your behalf when other investors are sleeping.

 

Smart crypto investors always remain prepared to get the best of a big market move. They don’t wake up suddenly. To remain alert round the clock, they use cryptocurrency trading bots so that they don’t miss any big market movement.

 

NapBots.com is a Trading Bot, cloud-based platform, on which you can connect to major exchanges such as Binance, Bitmex, Bitfinex, OKEX, Kraken, Bitstamp, and Bitpanda.

 

The best thing about the Napbots trading software is that you don’t have to monitor charts and candles to predict your next move. Any novice trader with zero skills can also start trading like a pro and earn money with this unique trading tool. Let Napbots take full control over your trades in just a few clicks. Now, sit back and enjoy earning money.

 

You may also check “Napbots Review – Simple Way To Increase Your Crypto Returns” before taking the plunge.

What’s so special about NapBots?

 

NapBots crypto trading software is special because it comes with:

 

  1. A unique trading algorithm that processes market data for you
  2. A unique crypto trading bot library so that you can create your own mix of trading strategies
  3. Autopilot mode that enables you to automate trading 24×7
  4. An easy-to-use interface so that you can copy the proven strategies of NapBots to make successful trades and make money

 

How does NapBots help you to Make Money?

 

With NapBots, you can enjoy financial independence by trading cryptocurrencies on autopilot mode and earn money automatically. To make it work on your behalf, you have to do the following:

 

Step #1: Connect to one of the available trust exchanges.

Step #2: Select from the unique list of performing Bots of NapBots

Step #3: Choose a plan that suits your investment style

 

Once you have completed these three steps, NapBots is ready to trade cryptos and earn money for you. Happy Trading!

 

Why Choose NapBots?

 

  • NapBots offers complete trading automation solutions through the use of its own tested trading strategies; offering quantitative trading strategies previously reserved for hedge funds to the public.

 

  • The setup and installation process are easy. So, the non-experts can also use it. The simple and special approach of NapBots helps it provide you with excellent ROI.

 

  • The team of professionals behind NapBots has extensive experience in the financial market. They have put their years of experience in place so that you can easily automate the management of your funds with no technical skills. This service can run 24/7 and work as your passive source of revenue even when you sleep.

 

Our pricing is simple and there are no setup fees. 7 days free trial is also available.

 

Are You Ready To Start Automating Your Passive Income Now?