How to Buy, Sell and Trade Cardano (ADA) Cryptocurrency?

It’s been a while that Cardano (ADA) is sitting at 11th rank on CoinMarketCap with total market capitalization of $1,119,021,753.

But believe or not, it is not going to stay like that forever.

Not many people know that Cardano is sold as an “investment to retire on” in Asia, particularly in Japan. Moreover, it is backed by a fantastic team of developers.

Cardano is an open-source blockchain 3.0 platform for building dApps as well as Smart Contracts. It is often known for being the Ethereum killer.

Still, there are many in the cryptosphere who remain unaware of Cardano and how to trade it.

So, here is the guide for you to buy, sell and trade Cardano (ADA) cryptocurrency.

Let’s get the ball rolling!

You May Also Read: Will Cardano Be A Good Investment In 2019?

How To Trade Cardano?

Being in the 11th rank is enough to get noticed, and this is why buying becomes even easier.

There are a number of exchanges as well as services with Cardano in their list.

Before that, it is imperative to comprehend the ways, whereby you can buy Cardano (ADA) cryptocurrency. Here are some of the popular ones –

Buy Cardano Cryptocurrency Using Credit/debit Cards
Buy Cardano From Bank Deposits Or Wire Transfers
Buy Cardano In Exchange For Other Cryptocurrencies or ETH/BTC etc.
Buy Cardano For Cash Or Through P2P Sources

Let’s discuss them in details…

#1. Buy Cardano Cryptocurrency Using Credit/Debit Cards

Using Credit-Debit cards is the easiest way to get hold of any digital currency, and Cardano is no exception. Therefore, there is just one service allowing you to buy Cardano using cards – Coinmama.

You will need to complete Coinmama’s registration and KYC post which, you would be able to buy, sell or trade Cardano using your Credit/Debit cards.

Also, make sure to make all the arrangements for your Cardano wallet beforehand.

#2. Buy Cardano From Bank Deposits Or Wire Transfers

You can buy Cardano cryptocurrency from services that accept bank deposits or wire transfers. It is a matter of fact that there are very few services like that allowing you to buy Cardano via their fiat linked crypto wallets.

For now, you can buy Cardano for INR, EUR, KRW, and GBP fiat currencies using the services mentioned below.

Bitbns: for INR
LiteBit.eu: for EUR
Bithumb: for KRW
Cryptomate: for GBP

#3. Buy Cardano In Exchange For Other Cryptocurrencies or ETH/BTC etc.

Another easy approach to get hold of Cardano cryptocurrency is via centralized digital currency exchanges that sell Cardano.

Here is the list of some of the established crypto exchanges where you can exchange other virtual currencies for Cardano –

Binance: Supported pairs are ADA/BTC, ADA/ETH, ADA/USDT, ADA/BNB
Bittrex: Supported pairs are ADA/BTC, ADA/ETH, ADA/USDT
Huobi: Supported pairs are ADA/BTC, ADA/ETH, ADA/USDT
Gate.io: Supported pairs are ADA/BTC, ADA/USDT
ABCC: Supported pairs are ADA/BTC, ADA/ETH, ADA/USDT

#4. Buy Cardano For Cash Or Through P2P Sources

Buying Cardano for cash or through P2P sources is difficult because Cardano neither has ATMs like Bitcoin nor escrow Peer-to-Peer platforms like LocalBitcoins.

However, it doesn’t mean that you cannot deal in P2P fashion, when you get a deal. But such dealings can be a fraud as you are solely trusting the buyer and seller.

You May Also Read: Bitcoin Vs Cardano – Which one is Worth More?

Conclusion

Cardano is sitting #11 of CoinMarketCap and expected to grow more with its consistent development.

Also, the former co-founder of Ethereum is the lead developer of this digital currency. Thus, you can expect something worthwhile from this affair.

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Kapil Gauhar

Kapil Gauhar is the founder of Blogger’s Gyan. He is a Passionate Blogger, a Big Thinker and a Creative Writer. His passion for doing friendship with words and letting people know about the wonders of the Digital World is what motivates him to take writing as a career.