How to Buy Cardano (ADA) for Beginners
How to buy Cardano?
Welcome to the beginner’s guide for buying ADA, the cryptocurrency of Cardano. In this guide we will cover the different ways to buy ADA, as well as introduce you to some of the top exchanges available.
First Thing First! Do you have a wallet?
The most import thing to do prior to buying ADA is making sure that you have a secure Wallet to hold your ADA. Leaving ADA on an exchange can be dangerous, as sometimes exchanges can be hacked and if your funds are targeted, you may not be able to recover them.
If you have not set up a wallet yet, check out our link below or click here.
1. Buy ADA Directly
Ideally, buying ADA with FIAT currency; for example, CAD or USD is the easiest method. It saves you time and extra fees from having to purchase another cryptocurrency and then convert it to ADA. However, this option may not be available in all countries.
Newton is built in Canada and FINTRAC-regulated. Newton has the best prices right now for buying cryptocurrency in Canada using Fiat currency, often 2-3x better than others. It has a very low spread. There are also no fees for trading, deposits and withdrawals. You just swipe to quickly purchase your first cryptocurrency.
Supported fiat currencies: CAD
Funding options: E-transfer, wire transfers, PAD, Crypto
Supported cryptocurrencies: ADA, BTC, ETH, DOGE, DOT, XRP, XLM, BCH, LTC, XMR, USDC, USDT, QCAD, LINK, MATIC, COMP, AAVE, SUSHI, CRV, BAT, ENJ, DAI
Get $25 when you use my referral link and spend $100.
NDAX is also a Canadian-based FINTRAC-regulated exchange. It is one of the easiest ways to buy ADA in Canada with a clean and easy to use interface. The fees are low at only 0.2%. Though there are no deposit fees, there is a withdrawal fee of 3 ADA.
Supported fiat currencies: CAD
Funding Options: E-transfer, Wire Transfer, Bank Draft
Supported cryptocurrencies: ADA, BTC, ETH, XRP, LTC, ESO, XLM, DOGE, USDT, LINK, DOT, UNI, GRT, COMP, AAVE, MATIC
Get $10 when you use my referral link below.
Crypto.com was founded in Hong Kong and comes with a suite of different applications, including Defi, Margin Trading, Visa Card, NFT’s and more. Crypto.com can also be used to purchase ADA. You also have access to a huge amount of other cryptocurrencies (100+). The fees are low at only 0.16%. There are no deposit fees, but there is a withdrawal fee of 2 ADA.
Supported fiat currencies: AUD, CAD, EUR, GBR, USD
Funding Options: E-transfer (~2 business days)
Supported cryptocurrencies (100+): ADA, BTC, ETH, CRO, USDT, BNB, XRP, USDC, DOGE, DOT, UNI, LINk, BCH, SOL, LTC, WBTC, MATIC, ETC, XLM, THETA, LUNA, DAI, VET, ICP, FIL, AAVE, EOS…
Coinberry allows you to buy cryptocurrency in minutes. It can take as little as 60 seconds to register and purchase your first cryptocurrency. One of the benefits is that there are no deposit or withdrawal fees. The trading fees range between 0% to 2.5% depending on margin, spread and the liquidity sources.
Coinberry is the only insured, FINTRAC registered & PIPEDA compliant trading platform.
Supported fiat currencies: CAD
Supported cryptocurrencies: ADA, BTC, ETH, LTC, XRP, XLM, BCH
Get $20 when you use my referral link and spend $50.
Coinbase recently listed ADA on it’s platform. The fees vary depending on transaction size and are typically higher than other exchanges. However, the platform is very user-friendly and has the most support for fiat currencies.
Supported fiat currencies: US, EU, UK, CAD, SG, AUD (100+ Supported Countries)
Get $10 USD when you use my referral below and spend $100USD
Shakepay’s mobile APP is very easy to use. You can place instant buys & sells, recurring buys and limit orders. You can also shake the APP each day for free Bitcoin! The only limitation is that you can only purchase Bitcoin and Ethereum on Shakepay right now. We hope that they will add ADA soon!
Supported fiat currencies: CAD
Funding Options: E-transfer (~1hr), Wire Transfer, Crypto
Support cryptocurrencies: BTC, ETH
Get $10 when you use my referral link below and spend $100
2. Buy ADA Indirectly
Sometimes a direct listing for ADA may not be available in your country . In this situation, you would have to first purchase either Bitcoin, Ethereum or USDT. Then you would send the purchased cryptocurrency to a large exchange that supports ADA. Finally, you will trade the purchased cryptocurrency for ADA on the exchange.
Binance is an advanced trading platform that can be used to purchase ADA and almost any altcoin you can think of. The fees are super low at only 0.1%. The transaction fees can be further reduced, depending on your trade volume and BNB staking balance. There are no deposit fees, but there is a withdrawal fee of 1 ADA.
Earn 10% Commission Fees back when you use my referral link below.
Crypto.com is decent platform to purchase ADA. There is a direct listing for, which will allow you to purchase it directly. You also have access to a huge amount of other cryptocurrencies (100+) and suite of applications. The fees are low at only 0.16%. There are no deposit fees, but there is a withdrawal fee of 2 ADA.
Learn More
What is ADA?
How to Buy ADA?
How to Store ADA?
How to Stake ADA?
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