Today priced almost exactly where it was before the last big bull run, now could be the best time to invest in Cardano. Now let’s show you how.
What is the Best Place to Buy Cardano?
So where should you go to buy Cardano? The answer to this question depends entirely upon how you plan to use it. Cardano famously has not yet released its mainnet – the mammoth software project that will deliver Cardano, as a product and technology ecosystem, to the world. When Cardano is finally released, Cardano ADA coins will play an important role in the resulting ecosystem, much like Ether with Ethereum.
Therefore, if you want to be a user of the Cardano platform, conventional cryptocurrency exchanges like Binance, eToro & Binance will be the best option for you. These traditional exchanges allow you to trade coins like Bitcoin for altcoins like Cardano. From here you’ll be able to send your coins to a digital wallet, where you can keep them until the platform is launched, or spend/trade them as you please.
How to Buy Cardano With eToro
Now that you know how eToro works, let’s show you how to use it.
Step 1: Open account with eToro
If you can sign up with Facebook, you can sign up with eToro. The easy process requires some personal ID and a connection to one of their supported payment channels.
Step 2: Deposit Funds
Make a deposit of at least 200 Pounds to begin.
Step 3: Buy Cardano
Buy Cardano using the simple eToro interface. When the price has (hopefully) risen to your liking, cancel the contract and take your profits.
How to Buy Cardano Through Exchanges
Now let’s suppose you want to buy Cardano so you can use, spend, and trade it. For this, you’ll need to use traditional brokerage options, like Binance. We’ll break down their respective advantages now.
Binance, Bttrex, and the rest of the lot resemble stock brokerage sites you might have used in the past. They will allow you to deposit popular cryptocurrencies like Bitcoin and Ethereum, and use these digital currencies to trade for up and coming altcoins like Cardano.
This league of crypto exchanges requires a bit more knowledge from the investor, but you’ll be able to use this knowledge to get the best prices, using limit, stop-loss, and other complex order types. If you want to grow as a trader, these exchanges are the best way to improve your game.
Buying Cardano: Payment Methods
There are very few places where you can buy Cardano with fiat currency like US Dollars of British Pounds Sterling. In most cases you will have to make a cash wire transfer to a Bitcoin purchasing platform like Coinbase, then use your new Bitcoin on an exchange like Binance to get Cardano.
If you are already involved in crypto investment, you likely already have experience with Bitcoin and Ethereum, coins which can be traded for Cardano on many exchanges. To see a full list of where Cardano is traded, and what currencies can be used to trade against it, check out this complete page on CoinMarketCap.
Trade virtual currency securely with the Best Cryptocurrency Exchanges USA and the Best Cryptocurrency Exchanges Canada to invest in Altcoins, alternative digital currency coins, or invest using Trading Robots.
Various methods to invest in Virtual Currency
How to Store Cardano in a Wallet
Digital Assets like Cardano have to be stored in pieces of dedicated software called “wallets”. Wallets allow you to access your cryptocurrency on your computer or other device. Wallets keep your Cardano safe, and some allow you to spend or trade it within the wallet itself. We’ve written a great deal about digital wallets, many of which will support Cardano. Check out our complete crytocurrency wallet review page to learn about the best wallets for Cardano.
6 Reasons to Buy Cardano with eToro
|✅ Regulated Platform: It is regulated by both the FCA and CySEC, both of whom hold huge clout in the world of finance and make sure that the financial markets are controlled.|
|✅ User friendly: The platform is built with both beginners and experts in mind. It has all the technical indicators available for experts and a simple buy and sell ticket system that anyone can use.|
|✅ Social Trading: eToro is a pioneer in the social trading sphere. By helping beginners copy the pros and paying the pros to let beginners copy their trades, it is a win win all around.|
|✅ Lots of Payment Options: Unlike many exchanges you can buy Cardano using various different payment methods, these include; PayPal, Giropay, Neteller, Skrill, Webmoney, Yandex, etc.|
|✅ Advanced Tools: You can open a demo account where you can hone your trading strategies before putting real money on the line. They also have dynamic stop losses, which will move with the price.|
|✅ Build a cryptocurrency Portfolio: They are a leading platform in offering cryptocurrencies as a CFD. You can build out a portfolio to up to 11 coins, including Stellar, Ripple, EOS, NEO etc.|
Some will simply want to use Cardano as an investment asset. For these people, eToro is probably the best bet. Here, users can buy Cardano at market prices just like with Binance. But instead of being given real digital coins (and all the responsibility that comes with them), users simply engage a contract. The contract is tied to the amount of Cardano the user purchased. When the contract is cancelled by the user, he will receive profits according to how much the value of Cardano went up during the time of the contract.
Basically, eToro is a streamlined option for investors, while Binance and its competitor sites (Bittrex, Poloniex, Kraken) are great for people who plan to use Cardano on the mainnet, or who wish to trade Cardano for other digital assets. Given eToro’s ease we would always recommend users start off buying with eToro.
Why Buy Cardano Now?
For projects like Cardano which continue to innovate and develop, today’s price might turn out to be a fire sale – the last time you have to get crypto projects this good at this price. Because this is a buy page, not a complete Cardano review, we won’t sell you on Cardano’s specifications. Instead, let’s get right into how to buy this project.
Borne from some of the minds that created Ethereum, Caradno has been called “Japan’s Ethereum” – a moniker that makes sense, as Cardano is a platform built for smart contracts. The Cardano team plans to optimize blockchain beyond the capabilities of Ethereum. It is not yet live, but when it is, Cardano is hoped to outperform the older smart contract platform in speed, scalability, and even security.
Cardano is among the very best cryptocurrency projects on planet Earth. Even after the recent decline in crypto’s overall market value, we are still highly optimistic for the future of Cardano. Whether you use eToro, Binance, or another high quality investment option, getting into Cardano now could be one of the best investment decisions you make in your entire life. If you are interested in investing then we would recommend you having a look at eToro, you’re money is considerably safer with them than in a vulnerable exchange.