How to Buy Cardano (ADA)
Looking for a decentralized application (dapp) platform that takes a more academic approach to its development? If so, Cardano’s ADA cryptocurrency might be right for your portfolio.
Unlike other platforms for dapps, Cardano prioritizes tight partnerships with academics and universities, and holds its code upgrades to certain mathematical standards and review.
There’s a lot more to learn about Cardano, so we’ve put together a more extensive introductory guide that explains the inner-workings of the platform’s technology and the team behind it.
Ready to get started?
If you just want to start trading and investing in ADA right away, click the button below to begin.
Why buy ADA?
By buying ADA, investors are attracted to its scientific foundation and think this will help propel the adoption of its technology. Buying ADA also allows you to help operate the network and vote on software changes.
But there are other reasons to consider buying ADA too.
For example, you may want to buy ADA if you want to:
- Diversify your long-term investment strategy
- Day trade or go after short-term profits
- Use its ecosystem of decentralized applications
Where can I buy ADA?
There are a number of different places where you can buy ADA. However, you may find that it is easiest to purchase this asset through a trusted global exchange like Kraken.
Kraken offers a wide selection of crypto assets and traditional currencies, with over 100 trading pairs. This means whether you want to sell USD or sell BTC for ADA, we can provide a robust and active global market with deep liquidity.
At Kraken, we take security seriously, with tested technology and rigorous procedures designed to safeguard funds. We don’t cut corners when it comes to security, and neither should you.
How much ADA can I buy?
Looking to buy ADA on a budget? Don’t worry, Kraken offers a minimum order size of 50 ADA to help you gain exposure to a variety of assets.
Of course, you can also execute larger ADA buy orders as well. It wouldn’t be out of the ordinary for larger traders to purchase or trade 100,000 ADA or more on Kraken.
How to buy ADA on Kraken
Verify your account
After providing your name, date of birth, country of residence and phone number, you can buy ADA with cryptocurrencies like ETH and BTC. In order to use fiat currency (i.e. EUR or GBP), you’ll need to provide our experts with additional supporting documents verifying your identity. Read about our verification processes here.
Deposit fiat currency
You can fund your account in a number of ways. How you do so will depend upon your location and preferences.
Once your account is funded, you’re ready to purchase ADA. At this point, you’ll also gain access to our advanced charting tools, 24-hour global client support and the ability to utilize margin trading, features that help make Kraken the platform of choice for millions of global traders.
24/7/365 Customer Support
Trading is really pretty simple! If you have any questions about buying ADA, let us know. Our support staff is online all day, every day, ready to help.
You can reach us anytime on LiveChat or by email.
Where to keep your ADA
Once you buy ADA, you’ll need somewhere to safely store your cryptocurrency.
Kraken is secure, but it’s always safest to store your ADA in a wallet, a software or hardware device that stores the public and private keys required to make crypto transactions.
There are many types of ADA wallets available. Mobile and web wallets can make transactions easy, while hardware wallets are perhaps best suited for secure, long-term storage.
When choosing a crypto wallet for your ADA, first spend some time thinking about what you plan to do with your tokens to find a wallet that fits your needs.
Kraken is not a wallet service
It is important to note that Kraken is an exchange service and not a wallet service. So while we allow our clients to hold ADA in their accounts, we highly encourage you to separate any tokens you own into multiple wallets.
Start buying ADA
If you’re ready to begin, click the button below to buy ADA on Kraken today!