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Questions you might have

What is Cardano?

Cardano is a blockchain-based system that can be used for financial transactions, smart contracts, and distributed computing. Read our guide on Cardano to learn more about this cryptocurrency.

What is ADA?

ADA is the token and unit of account on the Cardano network, similarly to pounds and pennies being the units of account of the British pound sterling (GBP).

What determines the price of ADA?

The price of bitcoin is a market price made up of supply and demand. If more people want to buy bitcoin than sell, the price will rise.

Can I buy a fraction of one ADA?

It is possible to buy a fraction of one ADA. Each ADA is divisible into 1,000,000 so-called Lovelace.

Where can I buy Cardano?

You can buy Cardano on cryptocurrency exchanges and CFD platforms on the Internet.

What is a cryptocurrency exchange?

Just like a stock exchange is for trading shares in companies, a cryptocurrency exchange is a marketplace where buyers and sellers trade cryptocurrencies with each other. The exchange thereby acts a middleman who determines the market price at which an equal number of buyers and sellers can be found.

Is now a good time to invest in Cardano?

Unfortunately, we also don't know if now is the right time to buy Cardano. Cardano is still a very young technology and investing in Cardano comes with significant risks. Since the price of ADA changes constantly, we recommend setting a price alarm, so you never miss out on a great opportunity.

What should I consider when buying Cardano?

There are several factors to consider when buying cryptocurrencies. On the one hand, prices and fees should be compared. Furthermore, the verification is an important point, as this can take from a few minutes to several weeks, depending on the bitcoin exchange. The payment method with which the bitcoin should be paid also plays a role. Last but not least, the security of the cryptocurrency exchange should be considered.