Looking forward to purchasing Cardano but don’t know what Crypto Exchanges to trust? No need to worry because we are going to help you out with the same. In this article, we will list down the best Cardano Exchanges from where you can buy the crypto coin instantly. Before we get to the point, let’s know Cardano in detail.
What is Cardno (ADA) Coin?
Cardano (ADA) is a blockchain-based cryptocurrency which was launched in 2017. Cardano aims to make digital payments quick and secure with the use of cryptography. It is one of the most promising crypto projects which is currently ranked 13th in top cryptocurrency by its market cap. Like Ethereum, Cardano is also a smart contract platfrom which has layered architecture. Without a doubt, Cardano is worth investing in and can also be used for daily trading and exchanging.
How To Buy Cardano Cryptocurrency
Like any other altcoin, you can buy Cardano cryptocurrency from the top crypto exchanges available in the market. But before you open your account in a Cardano Coin exchange and make your purchase, make sure you have a wallet to keep your cryptocurrencies secure. If you are a beginner and don’t know about crypto wallets yet, do read our guide to learn about it and find out the best cryptocurrency wallet. In case you own a lot of cryptocurrencies, only rely on hardware wallets as they are the most secure. Once, you decide which wallet you would use to store your Cardano coins, you can continue with the article to find the best Cardono exchange out there.
Best Cardano Exchanges Worldwide
When it’s about the top altcoins, Binance is the exchange you can always rely on. Not only, Cardano, Binance offers support for multiple cryptocurrencies including Bitcoin and all the altcoins you could eve wish to buy. However, the Cardano coin exchange still doesn’t provide the option to buy Cardano using fiat currency. You would have to exchange it with the four base currencies of Binance, i.e. Binance coin, Ethereum, Bitcoin and Tether. You might not find the user interface of Binance platform that simple, but it certainly is worth considering for purchasing altcoins like Cardano.
- Supports multiple cryptocurrencies.
- Easy and quick sign up.
- Basic as well as advanced trading features.
- Only crypto to crypto exchange available.
- Slow verification procedure.
Found in 2013, Bittrex is one of the first crypto exchange in the crypto industry. The exchange supports multiple cryptocurrencies, including Bitcoin, Ethereum, Bitcoin Cash, Litecoin, Dash, Cardano etc. to access all the features of the platform, the user first needs to verify his identity. One of the top reason to consider Bittrex is that it doesn’t have any history of hacks and security breaches till now.
Although, there are also some downsides of the exchange that includes poor customer support and instances of account closures without any reason.
Another best crypto exchange that provides an instant exchange of ADA coins is Changelly. The platfrom provides the exchange of many famous cryptocurrencies as well as offers crypto to fiat exchange. Although, if you are interested in buying ADA using USD, the charges are quite high.
- Instant crypto to crypto and fiat exchanges.
- Easy to use platform.
- Wide range of crypto supported.
- Verification not mandatory.
- Can start trading right away without adding funds to your account.
- High fees on credit card exchange.
- Can’t sell crypto for fiat.
If you are situated in the UK or Australia, then you can trust eToro for buying Cardano. eToro serves its UK users through FCA regulated entity and Australian users through an entity regulated by ASIC. Clients from other countries are regulated by CySEC (Cyprus Securities and Exchange Commission). The only reason why eToro is listed among the well-reputable companies because its UK and Australian entities are governed by top financial firms.
- Free trading for European users.
- Low fees for users situated in other countries.
- Innovative features.
- High charges on withdrawal.
- Forex fees are expensive.
How To Buy ADA On Binance.
As we said above, binance is the best exchange to buy Cardano no matter where you are situated in the world. If you are also wondering how to buy ADA on Binance, then read the four simple steps given below to find out.
- First of all, you need to sign in on Binance platform. You can access the platform from your desktop browser or download the application on your iOS and Android device. You don’t need to go through verification if you are willing to withdraw under 2 BTC per day.
- Now the next step is to deposit your cryptocurrencies in your account. You can use four pairs of cryptocurrencies for exchange that includes BTC, ETH, USDT and BNC.
- Do check your balance before making your purchase.
- Make your purchase by selecting your trading pair.
Now that you know what are the best Cardano exchanges in terms of security, features and charges, you can buy Cardano instantly. Make sure you’ve done your research and have a reliable crypto wallet to store your cryptocurrencies. For more information regarding Cardano or famous crypto Exchanges, read more of our guides and clear your doubts right away.
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