We all know how to buy some Bitcoin and Dogecoins, but what about Cardano, one of the fastest-growing coins in the world? It’s clear that smart investors are hurriedly acquiring the digital coin, but what about you? It wouldn’t pay to be left out. If you know so little about it but you want to buy Cardano right now, here’s what you need to know.
What is Cardano?
Cardano is a blockchain that promises a great future by the use of its unique proof of stake platform. Its native coin is referred to as ADA. Cardano operates in such a way that people can transact successfully without the interference of any central authority, however, these transactions are traceable.
This platform uses a PoS system which makes it more generally acceptable than its competitors. As noted earlier, Cardano’s native coin is called ADA. Many individuals and even corporate bodies admire ADA because of its distinct features. As a matter of fact, people looking for crypto to invest in for long term purposes are advised to go buy Cardano.
At the time of this writing, it’s the third-largest cryptocurrency by market cap, which is why it is the most commonly traded cryptocurrency in every part of the world today. If you are from the United States and you stumble on this article, you are in huge luck because you’re about to discover how you can buy Cardano coins (ADA) with no stress at all.
- Research on crypto exchange platforms
Every transaction relating to digital currencies begins by finding a crypto exchange that supports Cardano’s ADA. The good thing is, as Cardano is one of the biggest coins, many of the best cryptocurrency exchanges list it. Here is a list of some crypto exchange platform that supports Cardano in the US.
These crypto exchange platforms typically observe the same overall function, which is the trading of cryptocurrencies. However, they all have unique traits that make them suitable for those who have chosen them. Make sure to select a crypto exchange with a solid reputation for safety and ease of transactions.
- Sign up for the crypto exchange of your choice
After deciding which crypto exchange to purchase your ADA on, you will need to sign up on the platform. To do this, the exchange might require some personal information. This may include:
- Your registered name
- Where you live
- Your working email
- Your chosen payment method to fund your exchange account
- Some sort of identification, it could be your passport or drivers licence depending on what your chosen exchange requires
Some exchange platforms may also require you to enable your two-factor authentication before you can proceed. It is all worth it, though. Extra security on your account goes a long way.
- Make your Cardano purchase
Opened an account successfully? Great! Now it’s time to purchase your ADA. You will need to select one of the accepted payment methods on the platform. This could be
- Bank transfer
- Credit/Debit Card
Follow the steps on your respective platform. Once you have successfully transferred the money in your exchange account, appropriate the portion, you intend to purchase Cardano with. The exchange will reflect a preview of your transaction. Only confirm your purchase when you’re completely sure the provided information is accurate. The transaction will take a few seconds or minutes, depending on your Cardano exchange platform. Now, unto the final step.
- Cardano wallets and storage
One very important thing that should be considered is keeping your Cardano in a crypto wallet. Crypto wallets are a means for investors to safeguard their purchased coins. However, this is not compulsory, but then who doesn’t want to keep their coins safe. Typically after you purchase ADA from your exchange, they’ll hold it for you on your portfolio. This might be a little easy to operate, but it makes your ADA prone to hacks.
Cardano built a wallet for this purpose, it is called Daedalus. Daedalus currently only supports ADA. Keeping your Cardano using Daedalus has a lot of benefits, as users can even earn rewards just by keeping their money, although some terms and conditions may apply.
There you have it, very easy and direct. Now, you know just how to buy your Cardano coins (ADA) in the United States without any hassle.