Where To Buy Cardano in 2024? Step-by-Step Guide

The latest cryptocurrency news reports that the popularity of Cardano is growing rapidly. Created in 2015, this blockchain network combines crypto and smart contract. And Cardano’s Ada coin has recently become the third-biggest crypto in the world with only BTC and ETH ahead of it.

For many crypto investors, the main question is where and how to get this trending digital currency. Read our Login Casino guide to find out what you need to do to invest in this currency.

Things to consider before you buy Cardano Ada

Buying any cryptocurrency, especially a new one such as Cardano Ada, is a high-risk investment. So, it’s important to weigh all the risks and benefits before conducting the transaction.

First of all, any Ada investor should consider the price of the crypto. To learn how much Cardano crypto costs right now, read our Cardano price prediction for 2024. Experts also advise working out an investment strategy before spending money on Cardano stock by answering several questions, such as:

how frequently you will buy this crypto;

the amount of money you want to invest;
whether you’re going to keep or stake Ada Cardano.

Five-step guide on how to buy Cardano

Despite the popular opinion, buying Cardano crypto can be a seamless and straightforward process. Let’s take a look at the five most common steps for purchasing Ada tokens.

Search for a suitable exchange platform

Those who plan to invest in the Cardano crypto network can buy this digital currency on crypto exchange platforms. And as the cryptocurrency market is constantly developing more and more exchange websites allow buying Ada Cardano. So, the primary question is how to pick the most suitable variant. Experts advise to consider several factors before deciding which crypto investing platform you are going to use:

security of an exchange website;
deposit methods;
conversion fees;
Ada tokens price.

Read this article further to find out the list of the best platforms for purchasing Cardano.

Create an account on a crypto exchange

Once you’ve chosen the most suitable platform for your investment in Cardano stock, you should register on its website. New users are usually required to provide the following info to sign up for the crypto exchange services:

full legal name;
valid email address;
telephone number.

Then you’ll have to come up with a password and a login. Many exchanges require 2-factor authentication for enhanced security. For instance, after filling in a password you would need to enter a code from the email or scan a QR-code.

Go through an identity verification check

To prevent money laundering and other illegal activities many exchange platforms ask the users to verify their identity. So, before buying Cardano you might be asked to provide:

photo of a valid ID (driver’s license, passport) and a social security number.
address details;
birth date.

Make a purchase

The exact procedure for buying Cardano depends on the exchange service that you’re using. However, the sequence of actions is usually standard for most crypto websites:

deposit funds into your account (by debit/credit card, PayPal, bank transfer, etc.);
select the amount of Ada tokens you want to buy;
confirm the transaction.

You’ll be able to view the exchange rate as well as all fees and payments before buying Ada Cardano. The fee rate can vary, depending on the deposit method and platform you’re using.

Withdraw Cardano to your wallet

After Cardano is transferred to your account, you can re-invest, stake, or withdraw Ada coin to a crypto wallet for more security. Depending on the amount of crypto you’ve purchased, you can opt for either a software or a hardware wallet. While online software wallets are free to use and are good for small sums of Ada coins, some crypto owners prefer to buy hardware devices for the higher safety of large amounts of crypto.

Where can I buy Cardano? The most popular platforms in 2024

Many experts state that choosing the right crypto exchange is the key to a successful purchase of Cardano. To pick the most attractive platform potential Ada investor should compare Cardano stock price and fees on multiple exchange websites.

In the table below we have listed the top-5 crypto exchanges to help our readers choose the best place to buy Cardano.

Top-5 platforms to buy Cardano Ada

Platform	Deposit methods	Fiat currencies
Binance	bank transfer, crypto, debit card, wire transfer	USD, EUR, CNY, AUD, INR, RUB, and more
Coinbase	transfer from a bank account, debit card, PayPal, wire transfer, Apple Pay	USD, EUR, GBP, CAD, DKK, and 15 more
Sofi	bank transfer, SEPA, credit card	USD
eToro	SEPA, bank transfer, credit card, PayPal, Skrill, Sofort by Klarna	USD, EUR
Kraken	bank transfer, SEPA, credit card	USD, EUR, CAD

How to stake Cardano after a purchase?

After purchasing the Cardano coin, many Ada investors choose to stake it to gain a passive income. Staking of Cardano can be done on an on-chain wallet or a crypto exchange in a few simple steps:

register an account at the platform or transfer Ada tokens to the crypto wallet;
select “Cardano” at the staking section of the website/app;
fill in the amount of Ada tokens you want to stake;
enter the staking duration (a month, 60 or 90 days);
confirm the transaction.

The best wallets and exchange platforms to stake Ada

To make your staking process as easy as possible we have compared the most well-known crypto wallets and exchange websites that allow staking Cardano coin.