There are several options for finding the best place to buy Cardano. Of course, everything depends on the type of cryptocurrency investor you are. Someone looking to add a small amount of Cardano to their portfolio will have different requirements than someone looking to trade regularly. Here are our recommendations for the best places to buy Cardano and what to look out for.
Coinbase is a leading US-based crypto exchange with millions of customers. Coinbase accounts can be opened in minutes if you’re looking for a quick and easy way to buy Cardano.
Furthermore, once you’ve uploaded your government-issued ID as part of the KYC process, you can instantly invest in cryptocurrency using a debit or credit card. Cardano investments over $200 will incur a 3.99% debit/credit card fee. Anything less than this triggers a flat fee based on the investment size.
If you want to pay lower fees, you must deposit funds using a domestic bank wire or an ACH. However, you must wait 1-3 working days for the funds to arrive, and a standard commission of 1.49% will apply once you purchase Cardano. Considering this, Coinbase provides a convenient way to invest in cryptocurrency, but the platform is costly.
Coinbase, a popular exchange for both new and experienced crypto investors, provides a wide range of cryptocurrencies and is simple to use. In addition, its educational content is awe-inspiring and allows you to earn free cryptocurrency.
Read also: Top 5 projects on Cardano Blockchain in 2022
Crypto.com is another online broker suitable for beginners purchasing Cardano simply and stress-freely. Crypto.com charges only 0.4% in trading commissions, making it a very competitive brokerage.
Furthermore, the platform will provide you with even lower fees if you trade larger amounts or decide to stake CRO tokens. For example, Crypto.com charges a 2.99% fee if you buy Cardano with a debit or credit card. Although more expensive than eToro, it is still cheaper than many other exchanges in the space.
After purchasing Cardano, you may want to consider diversifying into other digital tokens. Choose from over 250 digital currencies of various shapes and sizes at Crypto.com. This exchange is particularly notable for its crypto savings accounts.
Crypto.com has a large selection of cryptocurrencies and offers high-interest rates. However, understanding the trading fee structure requires some investigation.
eToro is the best place to buy Cardano in the United States. You can buy Cardano with this broker on a spread-only basis. This means you only need to pay the difference between the buy and sell prices of ADA tokens. Furthermore, if your chosen payment method is denominated in US dollars, you can deposit funds for free.
This includes debit and credit cards, ACH, bank wires, and PayPal and Skrill. USD withdrawals are also available without charge. Not only is eToro one of the most affordable cryptocurrency exchanges for purchasing Cardano, but it is also one of the most secure.
This is because it is licensed by numerous regulatory bodies, including the SEC, FCA, ASIC, and CySEC. We also like eToro because of the wide variety of digital currencies it supports. Along with Cardano, this includes over 70 other undervalued cryptos such as Bitcoin, Ethereum, XRP, Decentraland, BNB, and others.
The versatile trading platform and the CopyTrader feature, which allows you to mimic your favorite investors, are highlights. In addition, it offers a diverse range of products for investors who want to manage all of their assets in one location.
Related article: 5 Things You Didn’t Know About Cardano (ADA)
Cardano can be purchased almost anywhere in the world through a broker or cryptocurrency exchange. In addition, you can either exchange Cardano for another cryptocurrency or deposit fiat money and convert it to ADA. In general, you can purchase Cardano through a cryptocurrency broker, exchange, or app.
It’s simple to open an account with a cryptocurrency exchange. You’ll most likely need to provide a photo ID and proof of address to verify your account. Cryptocurrency exchanges typically have a broader selection of coins and more functionality than brokers. Exchanges, on the other hand, are unlikely to be registered with the SEC so they may provide less investor protection.