Feeling the FOMO and itching to learn how to buy Cardano? Cardano (ADA) is a relatively new decentralized blockchain project released in September 2017. Since then, the team has shown a considerable stride from the Daedelus wallet and ADA coin to their Ouroboros mining proof of stake.
Since its launch, Cardano reached Rank 6 on CoinMarketCap.com. More than 25 billion ADA is in circulation from a 31+ billion total. The coin’s seen a more than 13k+% increase and climbing!
Feeling FOMO yet? Read on to learn how to get in on the Cardano action.
How to Buy Cardano: Exchanging USD to ADA
Big banks are betting against crypto and have already begun restricting users from buying with their credit cards. You could attempt a P2P exchange or use a Bitcoin ATM if you’re lucky to be near one, however, the easiest way to get behind Cardano is through the Binance exchange.
Binance has become one of the leading crypto exchanges. Their platform supports dozens of alt-coins with variable exchange types (BTC/ETH/BNB/USDT). Their low trading fees, 2FA, and easy-to-use interface is perfect for beginners like you.
Ready to buy ADA (Cardano)?
Step 1: Buy BTC on Coinbase
There’s no direct way to buy ADA at the moment, but you can exchange other major cryptocurrencies like BTC or ETH for Cardano on exchanges.
The easiest way to buy BTC is on Coinbase, so sign up for a free account, get yourself verified, and link your bank account or credit/debit card once your account is set up and secured.
After everything’s been verified, purchase an allotted amount of BTC.
Step 2: Transfer BTC to Binance
The next step involves transferring BTC to Binance to do the exchange.
Follow these steps:
- Sign up for Binance (and verify your account)
- Copy the BTC address from Funds > Balances > BTC Deposit
- Open Coinbase
- Go to Accounts > BTC Wallet > Send
- Paste the BTC address from Binance
- Verify the amount sent to Binance by viewing the BTC Deposit page again
Your Coinbase wallet will now send BTC to your Binance account. This will go through 4 verifications before completing the deposit, so it may take a bit before you receive your BTC.
Step 3: Exchange BTC for ADA
With BTC now deposited into your Binance account you are now able to purchase Cardano (ADA):
- Go to Funds > Balances
- Search for “ADA”
- Go to Trade > ADA/BTC on the right side of the page
- Exchange your BTC for ADA
Protect your crypto coins by transferring the ADA to a Daedalus wallet or using a dedicated device like Tether.
Congratulations! You’ve successfully purchased ADA!
Disrupt the System, Embrace Blockchain
Want in on other blockchain projects now that you know how to buy Cardano?
There are thousands of alt-coins. Many are posed to disrupt industries. It’s no longer a question of “if” blockchain will change the world…it’s “when”.
Perhaps Cardano is your entry into this game-changing technology.
Use this guide to get “in” while it’s hot!
An SEO expert, web designer, and writer, Thomas writes on topics he deems fun such as digital marketing, entrepreneurship, and personal development. Since 2014, he’s worked with countless business owners to help them improve their organic presence online. When he’s not writing about online business or geeking out about the latest Google algorithm update, he spends his free time playing the piano and working out with his wife.