How & where to buy Cardano (ADA) online

Cardano wants to be the "internet of blockchains", and the ADA cryptocurrency powers its platform. Use this page to discover where to buy ADA now.
By: James Knight
James Knight
James has spent more than 10 years as a writer, researching and covering a range of topics, from business… read more.
Updated: Jun 28, 2022
Tip: our preferred broker is, eToro: visit & create account

This beginners’ guide explains what Cardano is and how to buy the cryptocurrency. We explain the history of the project and expand on what makes its technology unique so you can decide if you want to get involved.

What are the best exchanges to buy Cardano on?

If you want to invest straight away, you can use one of our recommended brokers below. Our team of financial analysts has tested these options to make sure they provide a quality service to enhance your investing experience. To learn more about Cardano and ADA, simply scroll down.

1
Min. Deposit
$10
Promotion
User Score
10
Accepts customers from the USA
Deposit $100 and get a $10 bonus!* Build a diversified portfolio with crypto, stocks, and ETFs — all in one place.
Trade on the world's leading social trading and investing platform
Start Trading
Description:
eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.
Payment Methods
Bank Transfer, Wire Transfer
Full regulations list:
CySEC, FCA
Cryptoasset investing is unregulated in some EU countries. No consumer protection. Your capital is at risk.
2
Min. Deposit
$0
Promotion
User Score
9.3
No Hidden Fees
Instant Trading
Secure & Transparent
Start Trading
Description:
World's longest-standing crypto exchange. Since 2011 Bitstamp has been providing a secure and reliable trading venue to over four million individuals and a range of institutional partners.
Payment Methods
Full regulations list:
3
Min. Deposit
$1
Promotion
User Score
8.7
0% deposit fees, 0% withdrawal fees, 0% trading commissions
Set up automated trades and up to 50 limit orders with ease
Buy and sell 90+ cryptos and utility tokens, precious metals and national currencies with as little as $1
Start Trading
Description:
Create your account in minutes and start trading 90+ cryptos and other assets on the most flexible trading platform.
Payment Methods
Full regulations list:

How to buy ADA online – step-by-step guide

Step 1. Find an exchange

The best way to buy Cardano in the UK or anywhere else is via a reliable cryptocurrency exchange. These platforms are effectively online marketplaces for crypto tokens.

Here are some of the top exchanges to purchase ADA tokens:

  • Binance: One of the most popular cryptocurrency exchanges, Binance supports hundreds and it even offers its own coin to use as a trading pair. Join Binance today >
  • Bittrex: Bittrex offers the top cryptocurrencies and is one of the most secure and reliable platforms around. It also offers a variety of other trading options, including tokenised stocks. Sign up for Bittrex now >

Step 2. Sign up and fund your account

Once you have chosen a platform, it is time to sign up for an account. Most platforms will ask you to verify your identity before you can make a trade, though this is usually a quick process, and the best exchanges can verify you in less than an hour. Just be aware that you may need to provide some form of photo ID.

Once you’re verified, you need to deposit some cash into your account. You can also fund your account with a cryptocurrency like Bitcoin. Then, you’re good to go.

Step 3. Purchase

This step is simple: just find the BTC/ADA crypto pair on your chosen exchange and execute your trade. That will execute the trade and congratulations, you now own some ADA coins!

Step 4. (Optional) Get a suitable wallet

Wallets are a way of storing your coins securely and independent from the exchange you use. You don’t have to use a wallet, if you’re interested in short term trading or just holding a few ADA coins, you can leave them in your exchange account.

If you plan on holding ADA for the long term or just want some extra security, a wallet might be the way to go. There are quite a few options out there depending on your exact needs, but here are two of the top ones to think about first:

1
Min. Deposit
$1
Promotion
User Score
10
The world's largest cryptocurrency exchange with over 2bn daily users
Innovative trading platform offering enormous range of crypto coins
Supports over 60 methods of payment including PayPal
Start Trading
Payment Methods:
1Pay, 2C2P, 3d Secure Credit Card, ACH, ANELIK, Abaqoos, AdvCash, AlertPay, Alfa-Click
Algocharge, AliPay, American Express, Apple Pay, AstroPay, BPAY, Bank Link, Bank Transfer, Bank Wire, Baofoo, BitGold, BitPay, Bitcoin, Boleto, Bonds, Borneo Exchanger, Bradesco, CEX.io Mobile App, CFDs, CSS System, CUPS, CartaSi, Carte Bleu, Carte Bleue, Cash, CashU, Cashier Order, Check, Check (UK only), China UinonPay, China Union Pay, China UnionPay, ClickandBuy, Commodities, Contact, Contact Z, Credit Card, Cryptocurrencies, Currencies, DCPay, DIXIPAY, Dankort, Debit Card, Dengi Online, DineroMail, DirectPay, Dotpay, E-dinar, ELV, ENets, EPS, ETFs, EXCARD, Easy2Pay, EcoPayz, Ecommpay, Ecurrencyzone, EgoPay, Emerchant Pay, Eprotections, EstroPay, Ethereum, Euro Bank Account, Euteller, Express Dotpay, Express Polish Post Office 24/7, Express Zabka Market, Ezeebill, Ezybonds, FasaPay, Fastapay, Fastbank, Faster Payments, FilsPay, Forex, GTBank, Gate2Shop, Giropay, GlobalCollect, GlobalPAY, GlobePay, Gluepay, Google Pay, Halcash, I-Account, IPS, Ideal, Indices, Individual US State License(s), Indonesia Exchanger, InstaBill, Instadebit, IntellectMoney, Interswitch, Investmate, Investmate, Itukar, KNET, Klarna, LaoForexBoard, LavaPay, Lion Payment, LiqPay, Litecoin, Lobanet, MOTO, MT4, MT5, Mailing Cash, Market Maker, Masari, Mastercard, MegaTransfer, Mister Cash, Mobile Trading App, Mobile Trading Platform, Moneta, Money Bookers, Money Order, MoneyBookers, MoneyGram, MoneyPolo, Multibanco, NETBANX, Nab, Namecoin, Neosurf, NetPay, OKPAY, OMT, OmahPoin, OnPay.ru, Online Naira, OrangePay, PAYSEC, POLi, POLi & BPay, PYEER, PagoEfectivo, Paxum, Pay Nova, PayCo, PayPal, PayRetailers, PayWeb, Payeer, Payoneer, Payonline, Payvision, Payza, Perfect Money, PocketMoni, Postbank, Powercash 21, Prepaid MasterCard, Prepaid MasterCard (I-Account), Prepaid MasterCard (Intercash), Prepaid MasterCard (Payoneer), Privat 24, Przelewy24, QIWI, RBK Money, Rapid Transfer, RegularPay, SEPA, Safecharge, SafetyPay, SahibExchange, Shilling, SmartPay, Sofort, SolidTrust Pay, SorexPay, Sporopay, Stock Certificate, Stocks, Swish, Teleingreso, Thailand Exchanger, Ticketsurf, Todito Cash, Trade Interceptor, Transact Europe Payment, Trazus, TrustPay, Trustly, UAE Exchange, UPayCard, USD, Ukash, Unet, UnionPay, Unistream, Uphold, Verve, Vietnam Exchanger, Visa, VixiPay, VoguePay, Vouchers, Wallet One, WeChat, Web Based Trading Platform, WebMoney, WebPay, Webtrader, Western Union, Wire Transfer, Wirecard, Yandex, Yandex Money, Yemadai, YuuPay, Z-Payment, Zenith, cTrader, dinpay, eCard, eCheck, eKonto, ePay bg, ePayments Transfer, eToro Mobile Trading Platform, eToro Trading Platform, eTranzact, iPay, mPay, neteller, paysafecard, postepay, skrill, unichange.me
Full Regulations:

How to trade Cardano – a step-by-step guide

Step 1. Find a broker 

In order to trade, you need to buy and sell Cardano quickly to profit from short-term price movements. The easiest way to do this is through an online crypto broker, and we have outlined two of the best options with the lowest fees below:

  • eToro: The most popular cryptocurrency broker around. It offers all sorts of trading options on crypto, as well as on things like stocks, commodities, and forex. Join eToro today >

*68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

**Cryptoasset investing is unregulated in some EU countries and the UK. No consumer protection. Your capital is at risk.

  • Plus500: On Plus500 you can trade CFDs for a whole range of the biggest cryptocurrencies. It also lets you trade on all the popular assets, such as stocks. Sign up for Plus500 now >

Step 2. Deposit money

When you’ve chosen your broker and decided you’re ready to trade, you’ll need to put down a deposit. Typically, minimum deposits won’t break the bank if you’re serious about trading.

Step 3. Decide how you’d like to trade

There are two ways to speculate on cryptocurrencies – spread betting and CFDs (contracts for difference). Whichever one you pick, you’re effectively predicting whether the value of your cryptocurrency will go up or down. If you’re not sure which route you want to take, it might be worth doing some more research and finding out a bit more about crypto spreads and CFDs

Step 4. Start trading

If you’re a complete beginner, it’s worth setting up a demo account with your broker before you start trading ADA for real. This will give you a good feel for the way trading works as it can take a while to get used to the way cryptocurrency values fluctuate. As you’ll see, cryptocurrencies are highly volatile and difficult to predict so it’s easy to win and lose money quickly.

Whether you’re on your live account or still in practice mode, trading involves taking a position on the price of your chosen cryptocurrency – essentially betting whether it will rise or fall in value. If you think it will rise, take a long position, and if you think it will fall, take a short position.

Depending on the type of broker you choose, you may also be able to add leveraged trading to your strategy, but you should proceed with caution as this is a high-risk move. Leveraged trading allows you to lay a fraction of the value of your trade in the form of a ‘margin’.

1
Min. Deposit
$10
Promotion
User Score
10
Accepts customers from the USA
Deposit $100 and get a $10 bonus!* Build a diversified portfolio with crypto, stocks, and ETFs — all in one place.
Trade on the world's leading social trading and investing platform
Start Trading
Description:
eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.
Payment Methods
Bank Transfer, Wire Transfer
Full regulations list:
CySEC, FCA
Cryptoasset investing is unregulated in some EU countries. No consumer protection. Your capital is at risk.

Still undecided?

Pros

  • If you own ADA you can earn rewards just by holding it in a wallet
  • It’s very open about new developments and what Cardano is trying to achieve
  • All new updates are based on rigorous scientific research and peer-reviewed papers
  • Along with the science, Cardano is backed by famous names in the crypto world

Cons

Here are three more questions to consider before you decide to invest in Cardano.

1. Is now a good time to buy Cardano?

Whether now is the right time to invest depends on your goals. For a long term investor, you want to think about whether you believe Cardano can be the platform to lead blockchain technology towards mass adoption. There’s a lot of competition to be that platform, but ADA does offer unique benefits, like its vigorous academic approach.

Alternatively, for short-term traders, overall growth might be less important. You might want to look at the current ADA price and decide whether it represents a good opportunity. Whatever your outlook, it’s a good idea to check out the latest Cardano analysis to stay on top of anything that might affect your investing decisions. You can find all the latest market analysis below:

The total cryptocurrency market capitalization has dipped about 2% this week after hitting $1.86 trillion earlier this month. Fundamental analysis: Powell comments weighing on crypto? Jerome Powell said this week that cryptocurrencies still represent an unstable store of value and that the Federal Reserve is in no rush to roll…
Cardano (ADA) price is trading moderately in the red this week as the price action consolidates following gains of almost 8.5% made in the last week.  Fundamental analysis: Cardano decentralization ongoing Tim Harrison, the Marketing and Communications Director at IOHK has published a roadmap that includes critical steps…

2. What problem does Cardano solve, and what are the coin’s investment prospects?

Cardano makes cryptocurrencies and blockchain realistic technologies for use in the real world. It does this by creating a platform focused on scalability and interoperability, which can process fast transactions and facilitates interactions between apps, cryptocurrencies, and mainstream institutions.

ADA’s prospects depends on how well Cardano can scale up its platform. A lot of its work is promising, not least because it’s created a central treasury that offers grants to developers whose ideas are the most popular – as voted on by ADA token holders. That should put it in a good spot to react to the latest demands.

Despite its good work, the challenge for Cardano is the same as for many other ‘third gen’ blockchain platforms: there are a lot of them. Bitcoin and Ethereum dominated the first two generations in part because there was much less competition, Cardano has to battle with a mass of alternatives competing for the same space. You can follow the latest news from all these cryptocurrencies below:

Cardano ADA/USD is a decentralized blockchain that utilizes a Proof-of-Stake (PoS) consensus mechanism. Specifically, it allows for smart contracts, decentralized applications (dApps), non-fungible tokens (NFTs), and much more, all of which have contributed to its overall success and growth. The Light wallet as a catalyst for…
Cardano ADA/USD is a blockchain platform that serves the role of being a decentralized application (dApp) platform where developers can utilize its multi-asset ledger and verifiable smart contract to achieve specific goals. Cardano has a native cryptocurrency known as ADA that can be used to store…

3. Do you want to hold Cardano for the long term?

ADA could be a good long term investment if you want to support the platform or stake your coins to earn rewards. It has a lot of competition muscling in on the same field, but it benefits from good name recognition and some big-name backers. Here are a couple of final things to think.

Considerations for a long term investment strategy

If you want to hold Cardano to speculate on long-term price increases, you can acquire ADA coins through an exchange. Simply find one, sign up, and get involved. Then, you can store your coins in a crypto wallet for added security.

Considerations for a short term trading strategy

Short-term traders don’t need to worry about long-term growth or the future of the blockchain space. If you want to trade in the short term, the most important thing is to sign up for a broker with cheap trading fees. Once you’ve done that, you might want to use our guide to short term trading to help you try to predict ADA’s market moves.


Fact-checking & references

Our editors fact-check all content to ensure compliance with our strict editorial policy. The information in this article is supported by the following reliable sources.

Risk disclaimer

Invezz is a place where people can find reliable, unbiased information about finance, trading, and investing – but we do not offer financial advice and users should always carry out their own research. The assets covered on this website, including stocks, cryptocurrencies, and commodities can be highly volatile and new investors often lose money. Success in the financial markets is not guaranteed, and users should never invest more than they can afford to lose. You should consider your own personal circumstances and take the time to explore all your options before making any investment. Read our risk disclaimer >

James Knight
Editor of Education
James is the lead content editor for Invezz, covering the stock market, cryptocurrency, and macroeconomic markets. Outside of work, James is an avid trader and golfer… read more.