How To Buy Cardano (ADA) in November 2024

Launched in 2017, Cardano is a decentralized proof of stake (PoS) blockchain that aims to compete with Ethereum and other proof of work (PoW) applications. This is the first platform based on peer-reviewed research and underpinned by evidence-based methodologies. It is a project that combines cutting-edge technologies to bring security and sustainability to distributed applications, systems and societies.

Its native token, ADA, is one of the most important cryptocurrencies in the world, ranking among the largest cryptocurrencies by market capitalisation. In this guide we will discuss this innovative platform and its features in detail. We will also take a look at the token ADA and explain how to buy it and which are the best platforms to buy the ADA token.

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Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong.

What is Cardano (ADA)?

Founded by Charles Hoskinson, one of the co-founders of Ethereum, Cardano was built after Bitcoin and Ethereum as a third-generation decentralized blockchain. The Cardano network is the first PoS blockchain and aims to be more scalable, cost-effective, and interoperable than its decentralized predecessors.

Its primary goal is to serve as a robust platform for hosting smart contracts, with advanced features tailored to the dynamic needs of diverse decentralised applications. Cardano has positioned itself as a potential transformative force in the blockchain industry, prioritising scalability, interoperability and sustainability. Also, due to its features the blockchain is a popular choice for Cardano NFT projects upcoming.

ADA is Cardano’s digital currency with a $16,863,784,721 market capitalization, making it the 8th largest cryptocurrency by market cap. It’s also an open-source blockchain, meaning the source code is publicly available for anyone to use, distribute, and add to. The current price of the token is 0.4806$, according to the source.

Its utility extends to transaction fees, stakes, collateral for contract execution and governance. Cardano has a total supply of 45 billion ADA, of which approximately 35 billion are currently in circulation. In addition, Cardano features a unique two-layer architecture that effectively separates the settlement layer (CSL) from the calculation layer (CCL).

Many blockchain communities back the network, always pushing to buy Cardano ADA. With what Cardano has to offer, there’s reason to believe many of these communities. Being a very popular and trading digital currency, it should be relatively easy for beginners to find out how to buy Cardano coin as well.

Why buy Cardano Coin?

Just as there are blue chip stocks and penny stocks in the stock market, there are major cryptos and smaller altcoins. As one of the top 8 cryptocurrencies, Cardano can be compared to buying a blue chip stock for crypto. So why is Cardano so high up in the ranks of the major cryptos in circulation? Simply put, it has strong fundamentals. The Cardano blockchain is the first of its kind in PoS, and is constantly being updated by a strong development team behind it.

Cardano’s goal is to be research- and data-driven, which is a different positioning from its rival Ethereum (ETH), which relies on trial and error to improve its product. Perhaps these characteristics have led many to buy Cardano ADA, and helped many to continue to support the coin despite the recent backlash against the blockchain model and its viability. Another reason why to invest in Cardano is because its Cardano NFT projects upcoming. The network is increasingly used to launch these projects because of its efficiency.

How much does it cost to buy Cardano coin?

Similar to buy Bitcoin or other cryptocurrencies, users can buy Cardano Coin through social trading platforms or cryptocurrency exchange brokers. For first-time buyers of crypto, you’ll need to create an account in one of the platforms and make a minimum initial deposit. Depending on the broker or exchange platform, the price of the deposit may vary. For example, eToro can charge $50, $200, and even $1,000 for the first deposit depending on your country.

There are also some fees that users need to consider when using trading platforms. Some apps charge commissions or spreads. The Binance platform, for instance, charges a 0.1% spot trading fee and 0.5% Instant Buy/Sell fee. If you’re looking to day trade and how to buy Cardano coin you can check out several day trading crypto exchanges and choose the best for you.

How to buy Cardano Coin with PayPal

Currently, it’s not possible to directly buy Cardano ADA from PayPal. However, if you’re still figuring out how to buy Cardano coin if you have a PayPal account, there is a way. Simply use your PayPal account to fund your broker’s account.

How to buy Cardano coin with Bitcoin

If you have a Bitcoin wallet that you want to use to buy Cardano ADA, you can fund your crypto exchange account using Bitcoin (BTC). Alternatively, after you buy Cardano cryptocurrency, you can store it in crypto wallets.

Where to Buy Cardano in 2024

If you’re looking for a place to buy Cardano, you should choose a cryptocurrency exchange platform. Our experts have selected some of the best platforms where you can buy ADA. See below for more details.

1. eToro – One of the most recognised and regulated brokers

eToro is the best platform to buy Cardano and is one of the most top-rated crypto exchange platforms as it is well regulated, has millions of users, and is easily accessible. The site has useful features like a mobile app, demo trading, social trading, and more.

For beginners, demo trading is highly recommended before spending real money that can put novices at risk. If you’re looking on how to buy Cardano coin without initial capital, you can use virtual currency to test out your Cardano price prediction 2025.

Another good feature of eToro is its mobile app. Most of the functions on the web platform can be done in the app – buy and sell, view charts, and copy trading among others. There are also no commission fees with eToro. However, eToro has a 1.90% spread for cryptocurrencies and a fee for withdrawal. If you treat trading like a business, you can consider these costs in your trading strategy so it isn’t a big problem later on.

eToro also positioned itself as a social trading platform. This means that users are free to share their opinions on any particular equity. Furthermore, users also have the option to copy trade where they can copy public profiles if they think they will be successful in their trades. The highly-rated app is also highly convenient as it offers multiple payment options as well as its own crypto wallet with 24/5 customer support.

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.

2. Coinbase - A reliable platform offering a wide range of crypto

Coinbase is the world's largest and most trusted crypto trading platform that was first launched in 2012. As well as Cardano, users can purchase over 200 different crypto assets on the platform and store them in the native Coinbase wallet - a self custody wallet that can be connected to d'apps.

Coinbase is a secure digital platform dedicated to facilitating the process of buying, selling, transferring and storing cryptocurrencies. The platform's primary goal is to develop an open financial system accessible to the entire world and to strengthen its position as a leading global brand by helping users convert between cryptocurrencies and their local curre

Another appealing feature of Coinbase are the low fees that are charged for using the platform. There are no fees for deposits or withdrawals and trading taker fees are just 0.6%. As well as supporting traditional crypto trading, Coinbase also supports NFTs, staking and learn-to-earn which rewards using for learning about different cryptos.

It is also possible to use the Coinbase card to make purchases with your crypto and to borrow cash using crypto as collateral through the platform. Coinbase's extensive range of offerings makes it a good all-round choice for crypto traders in 2024. If you are looking to trade on the go, Coinbase has an easy-to-use mobile app that provides everything you need to place trades. Users can also access the Coinbase wallet via mobile app for convenience.

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.

3. Kraken - A broker renowned for its user-friendly interface

Kraken is a top crypto exchange with over 10 million users worldwide. It is possible to trade more than 200 cryptos, including Ripple, and also stake 12+ crypto assets for passive rewards.

Regarding usability, Kraken has a clear interface that is easy to use, even for beginners. This is available via desktop or mobile app. Users can also access KrakenPro, the platform's charting tool that provides a good range of trading tools and features.

In addition to traditional crypto trading, Kraken supports margin trading, futures trading and spot trading. It is possible to trade with up to 5x leverage on the platform. The minimum deposit for Kraken is $10 and the registration process takes just a few minutes. Kraken is not regulated, but the platform uses encryption to secure data.

With Kraken, you can unlock many possibilities when it comes to Cardano. Whether you're initiating your first trade, delving into the realm of NFTs, or utilising our sophisticated Cardano pro trading tools, all of Kraken's essential features are backed by the highest levels of security and round-the-clock support. Investors can use a variety of payment options to quickly purchase Cardano using a credit card, debit card, wire transfer and various other methods.

Your capital is at risk.

4. Binance - One of the largest and most important exchanges in the world

One of the most popular crypto exchange platforms is Binance. It was founded back in 2017 in Hong Kong and has since been the leading exchange site. Binance prides itself on the variety of altcoins that users can trade from with over 500 cryptocurrencies, virtual tokens, including Bitcoin, Ethereum, Litecoin, and Cardano.

The platform is often recommended for more advanced traders. Its highly technical platform and interfaces coupled with high amounts of leverage options when it comes to trading make it a little less beginner-friendly than other platforms. It's also an excellent NFT trading platform for those looking to get into the NFT space.

What about Binance’s fees? In terms of spread, it’s about 0.10%, it’s actually possible to reduce this to 40% by having BNB currency. BNB is the issued crypto coin by Binance that’s used to transfer value among the different cryptocurrencies.

Also, the minimum deposit requirement for Binance is around $20 when using credit or debit cards. Take note that the minimum amount of money that must be spent per trade is $10, so when executing transactions, make sure you use at least $10. As of 2018, the Binance exchange platform moved its company headquarters to Malta, EU after China's looming regulations on crypto.

Your capital is at risk.

Buying Cardano Coin Safely

If you’re trying to figure out where to buy Cardano, it’s best to first check how safe the platform is. Normally, you’d want to get a regulated broker or crypto exchange platform. Depending on the crypto exchange platform or broker, you’ll probably also have a crypto wallet. Platforms like eToro have one built-in, but for Binance, you’ll need to connect one. Crypto wallets use encryption, so it's also best to keep the private keys only to yourself as a practice of safety.

Ranking Criteria

While we're on the subject of how to buy Cardano safely, when choosing the platforms we've presented above, our experts have paid particular attention to several aspects, such as:

• Security and regulation: security is the most important when talking about buying cryptocurrencies, given that fraud and scams are common in the crypto space. eToro is a crypto broker that holds the approval of several security bodies and is known for the safety of user data.
• Low Fees: Fees are another key consideration for investors, especially those who are just starting out. Our selected platforms charge low fees compared to other offerings on the market. Some only charge a minimum deposit to get started, and others may also charge a reduced fee for withdrawals.
• Affordability and efficiency: It's very important that the crypto exchanges you choose also offer an easy experience to navigate. We've selected options with a friendly and accessible interface for both beginners and advanced users who want ease of use.
• Various trading tools: In addition to the ADA cryptocurrency, our selected options offer a wide range of other popular cryptocurrencies, as well as a set of tools to help you trade. For example, on eToro you can follow the trading patterns of more experienced users and copy them to increase your success rate.

Risks of Buying Cardano Coin

When buying any cryptocurrency or equity, as a matter of fact, trading always carries with it some risks. 60-70% of traders lose money after 4 months, and riskier beginner traders who use CFD platforms lose much more. The leverage feature is available allows for a multiple increases in earning, but it increases the risk by the same factor.

You’ll be able to find where to buy Cardano with leverage (eToro and Binance offer it), but it is recommended that beginners do not start trading with leverage. Aside from more fees to pay the longer a user holds, there’s also the risk of accounts being fully liquidated when stop losses are hit. If you’re confident with your Cardano price prediction 2025 and willing to take more risk, you can try out trading on leverage with a small amount of capital at first.

Selling Cardano Coin

Depending on the crypto exchange that you’re using, it shouldn’t be hard to find a ‘sell’ option for your owned Cardano coins. Users shouldn’t worry too much about liquidity problems as ADA is the 8th largest cryptocurrency. This means there’s always a relatively high trading volume, so when you need to liquidate your coin, there will be good selling options available.

Cardano Price Prediction 2025

While it is difficult to make an accurate price prediction for 2025, the Cardano ecosystem is anticipated to grow even more as decentralized applications continue to be released and its DeFi ecosystem is growing. Many analysts and investors hope that by 2025 the legal issues facing some of the largest exchanges will be resolved. Once these are resolved, the macroeconomic situation is expected to improve and the cryptocurrency market to become more stable.

It is also very likely that the Bitcoin Halving event will influence the price of other cryptocurrencies, including for Cardano price prediction 2025. From a historical perspective, new absolute price records (ATH) were reached by Bitcoin and many other cryptocurrencies 12-18 months after the Bitcoin Halving event, which this time will take place in 2025.

This suggests an extremely favorable outlook for Cardano price prediction 2025. Therefore, our ADA price prediction indicates a value of $2.80 by the end of 2025. In addition, there is a likelihood of historical highs reaching $3.50 in 2025, with lows estimated at $2.10. These estimates are dependent on the continued evolution of Cardano, the outcome of "security" charges from the SEC, and continued improvements in the global economy.

Cardano NFT Projects Upcoming

NFTs are becoming increasingly popular as the Web3 ecosystem develops, and they are also starting to be developed on blockchains other than Ethereum. One reason is the high fees and slow transactions on Ethereum, so many NFT projects are turning their attention to other networks.

One popular choice is Cardano, the first PoS blockchain, which promises to be much more scalable, cost-effective and interoperable than previous networks. Below we will talk about Cardano NFT projects upcoming:

• Evolutions - January 26, 2024 – February 02, 2024 - Evolutions is a Pokemon-style NFT project bringing leveling, evolutions, and battle arena game.
• Maniacal Mannequins - February 04, 2024 – February 11, 2024 - Lifeless mannequins trapped in nothingness come to existence with maniacal masks.
• NFT Couples - February 14, 2024 – February 21, 2024 - The first 10000 NFT project with 2 individuals in 1 NFT with focus on Diversity, Equity, and Inclusion.
• Ada Boars - March 08, 2024 – March 08, 2024 - Each Ada Boar NFT is a testament to the fierce spirit of wild boars, revered throughout history for their unyielding power and determination. These virtual creatures embody the essence of raw energy, symbolizing the untamed force of decentralized systems.

 Conclusion

The reason why Cardano has risen to the 8th most popular cryptocurrency is because of its strong fundamentals and for Cardano NFT projects upcoming. Whether or not you agree with its model, its current specs show that it has a strong base and community to back it up. Being a popular digital currency, it’s not difficult to find where to buy Cardano.

If you are interested in Cardano and want to invest in its native ADA token, then you may want to consider the platforms we discussed earlier. One of these is eToro, a regulated and secure platform that offers both ADA and other popular cryptocurrencies. To access the platform, all you have to do is click on the button below.

eToro - Best crypto exchange to buy Cardano coin

Your capital is at risk. Other fees apply. For more information, visit etoro.com/trading/fees.

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