Launched in 2015 and marked its appearance in September 2017, Cardano had attained a great rapid pinnacle in just a couple of years, it had been in the notice of the great traders
Founded by Charles Hoskinson, co-founder of ethereum, Cardano is a decentralized public blockchain and cryptocurrency project which is basically to ‘’provide a more balanced and sustainable ecosystem’’ for crypto. According to its official website
‘’Cardano is developing a smart contract platform which seeks to deliver more advanced features than any protocol previously developed. It is the first blockchain platform to evolve out of a scientific philosophy and research –first driven approach. The development team consists of a large global collective of expert engineers and researchers’’
According to the current market statistics, Cardano stands in the 12th position in the race or cryptocurrencies with $0.040984 USD which also constitutes about 0.00000489BTC
|Market Cap||$1062598968USD [126, 882 BTC]|
|Volume [24h]||$43,624,034USD [5209 BTC]|
|Total Supply||31,112,483,745 ADA|
|Circulating supply||25,927,070,538 ADA|
Within a very short span of time, it had gained tremendous popularity amidst its other competitors like bitcoins and ether so the next question arises
How and Where to Buy Cardano (ADA)
The 12th ranked crypto is still able to be the focal point of innumerable investors, owing to its popularity its buying is easy! Some popular ways are
- Using Fiat
- Using credit cards and debit card
- Exchange with other cryptos like BTC and ETH
- Peer-to-Peer resources
So the above sources can be the easiest way and each one of us can access all the ‘’how’’ factors now lets touch all the platforms which provide an exchange stage for buying
Buy Cardano Using Using EToro
Using the platform is the most accessible way for Cardano. It is a platform that allows companies to buy and sell the coins at very reasonable prices and the most interesting part is that it has a variety of payment options that every person can associate with like credit cards. One point which needs to be taken into consideration is that we cannot withdraw the coins from the platform directly, we can only withdraw a flat currency ie USD, EUR, etc. Thus it can be harmful to deal with the fluctuating nature of crypto.
Buy Cardano Using Coinmama
It is the most trusted platform as it had been one of the oldest platforms for exchanges all around the world. The advantage is that they immediately transfer the coins without holding them in other accounts so it’s the quickest way of transactions. The payments can be easily done with a debit and a credit card.
Buy Cardano Using Binance
Like the common products of china, even Binance which is a Shanghai-based organization has become very popular all around which already serves a number of cryptocurrencies like ETH. However, it does not support the direct transaction of Cardano but there is no worry as it is an awesome exchange platform thus helping us to buy Cardano with an exchange with BTC or ETH.
Buy Cardano Using Bitrex
It is a US-based platform with a tremendous amount of cryptocurrencies in its shelter. The platform accepts wire transfers only. here we buy ADA by using USD, USDT, and BTC.
If any of the ways are probing even a small problem, the easiest is to buy bitcoins with cash and then use any of the above platforms to purchase Cardano.
It’s true that Cardano is a very new participant in the crypto race, but equally true is that it has managed to attain a glory very rapidly and it is quite possible that it will attain its zenith with the years coming.
Where to store Cardano ADA Cryptocurrency
Installing THE DAEDALUS WALLET
Daedalus is the official safe, secure, multi-platform, HD wallet. As soon as we download the application and open it we get an informational Daedalus tutorial video which acts as an ultimate guide for all the stages in handling the exchange platform. Next, we can send and receive Ada and can view the history of the transactions we have made. Even if we further have doubts we have a good tool called Cardano Block Explorer which is specially used to find all the details about the transactions precisely keeping the tables of every transaction ever processed. The wallet has various other features which makes it very easy to use like
1. The private keys and the spending passwords are encrypted offering a huge magnitude of protection against security threats such as data leakage and other malware.
2. Wallets can be explored to paper certificates, making it highly secured in terms of preserving the funds.
3. ADA redemption is built directly into Daedalus and supports encrypted and unencrypted redemption certificates.