What is Cardano?
Cardano is a cryptocurrency and smart contract platform similar to Ethereum with a focus on security through
layered architecture. As such, Cardano aims to be able to run financial application and decentralized apps
Cardano uses the Ada token which can be used to send and receive digital funds. What makes Cardano unique in
cryptocurrency space is its foundation in scientific philosophy and peer-reviewed academic research.
How to buy Cardano
Cardano can be bought on cryptocurrency marketplaces. All you have to do is open an account and verify your
with a marketplace. The verification process can take from few minutes to several weeks. After successful
verification, simply transfer money to the marketplace with your preferred payment method in order to buy
If your chosen marketplace does not provide a wallet service, you will also have to setup a wallet to store
Where to buy Cardano
There are two major marketplaces where you can buy Cardano (or more specifically to buy Ada).
Exchanges resemble traditional stock exchanges (e.g. NYSE or NASDAQ) where individuals can
other buyers and sellers. Cryptocurrency exchanges are responsible for matchmaking, i.e. to determine a
find enough sellers and buyers. As a result, there is no personal contact between traders. The trading
user interfaces offered by exchanges are tailored towards professional traders and may be somewhat confusing
Brokers are professional cryptocurrency dealers which sell Cardano out of their own asset
Hence, instead of
matching the trading parties via an algorithm, a broker can sell some of his own Ada to fill a buyer’s
Cryptocurrency brokers therefore act as market makers and charge a markup or markdown that is more expensive
the trading fees charged by cryptocurrency exchanges. In return, broker services services are usually very
easy-to-use and beginner-friendly.
Last but not least, there are peer-to-peer (P2P) directories which may list Cardano. On P2P
individuals can trade Ada directly between each other, without intermediation by a third-party or a
What to consider when buying Cardano
Now that you know more about the various types of marketplaces you may be wonder: “What’s the best
me?” Rest assured, Cryptoradar has you covered: our service lists popular places to buy Ada from all over
you have to do is use our filters to tailor our search to your requirements and choose an exchange or broker
Verification: Most cryptocurrency marketplaces will require you to verify your identity and
residency (e.g. by
uploading a copy of your passport as well as a utility bill) before you can buy Cardano. This process can
anywhere from few minutes to several weeks.
Wallet Service: A Cardano wallet is a piece of software where you can store your Ada. If you
cryptocurrencies, look for marketplaces that provide a wallet service. However, be aware that storing Ada in
wallet that you are managing yourself is usually the safer option but it requires some learning effort.
about different types of wallets here.
Prices & Fees: The price of Ada is determined solely by supply and demand. Hence, its price
rise and fall
depending on the number of people willing to sell and buy Cardano. While cryptocurrency exchanges set the
prices and have low fees, broker services usually charge a markup on current market prices for their
Besides this markup and other trading fees there are often fees for deposits and withdrawals.
Payment method: You usually need to deposit money at a cryptocurrency marketplace before you
exchanges only offer the possibility to deposit money using wire transfer which can take several days.
services, by contrast often offer faster payment methods such as credit card or Skrill at an extra payment
Security: When investing money and even more so when investing into cryptocurrencies,
a major role.
Our filters help you find marketplaces that you can trust, based on offered security features such as
authentication (2FA) or cold storage. Please bear in mind, however, that you should not keep significant
fiat and cryptocurrencies on marketplaces, as they may be affected by cyber attacks.
When to buy Cardano?
Is now a good time to buy Cardano? We don’t know. However, if you are looking at a specific price at which
like to buy Ada, we can help you to not miss a favorable opportunity: Sign up
for a Cryptoradar account and set up a
price alert to getbe notified when Cardano trades below or above your target price.