How to buy, sell and trade Cardano (ADA) in the US | finder.com
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How to buy, sell and trade Cardano (ADA) in the US

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Find out all about Cardano and the Ada cryptocurrency.

Cardano is being built from the ground up and aims to be the most practical and effective cryptocurrency network ever made.

Primarily based in Japan, it began development in 2015 and was publicly launched on September 29, 2017. Cardano Ada (ADA) tokens were first made available for trading on October 1, 2017. Since then, it’s become the fourth largest cryptocurrency by market cap, peaking at over $1.3 billion on November 27, 2017.

See our guide for a complete run-down of Cardano and it’s ADA cryptocurrency

Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade. Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

Where to buy, sell and trade Cardano Ada tokens

As a new cryptocurrency, options for buying, selling and trading Ada are still very limited. You will also need a wallet that supports it.

Name Product Deposit Methods Fiat Currencies Supported Cryptocurrencies
Cryptocurrency
BTC, XRP, USDT, ETH, NEB, XVG, TRX, NEBL, ETH, NEO, FUN, ETC, BCC, POE, DASH, ELF, ICX, BNB, ZRX, APPC & 80+ more
Trade an extensive range of reputable coins on this world-renowned exchange, popular for its high liquidity and multi-language support.
Cash, Credit card, Debit card
USD, EUR
BTC, ETH, ETC, BCH, LTC, ADA, QTUM
Buy coins like Bitcoin, Ethereum, Ripple, Litecoin and Bitcoin Cash with credit card.
Cryptocurrency, Credit card
USD
BTC, BCH, MIOTA, XVG, NEO, ADA, XRP, TRX, ONT, ZIL, GAS, LTC, ZRX, QTUM, ETH, ETC, VET, ICX & 300+ more
CoinSwitch allows you to compare and convert over 250 cryptocurrencies across all exchanges.
Bittrex Digital Currency Exchange
Cryptocurrency, Wire transfer
USD
BTC, ETH, XVG, SC, XRP, DOGE, STRAT, XMR, ADA, OMG, ETC, BCC, XLM, DGB, UKG, QTUM, ZCL, RDD, LTC, NEO & 120+ more
Buy from one of the largest cryptocurrency exchanges with a selection of over 190+ cryptocurrencies and 3 USD pairings.
KuCoin Cryptocurrency Exchange
Cryptocurrency
-
BTC, BCH, DAG, ETH, XRP, EOS, LTC, ADA, TRX, NEO, ONT, STEEM, BTM, BCD, ZINC, VET, OLT, NUSD & 50+ more
Browse a variety of coin offerings in one of the largest multi-cryptocurrency exchanges and pay in cryptocurrency.

Compare up to 4 providers

Where to buyHow it worksMore information
BittrexA dedicated cryptocurrency exchange and the first exchange where Ada went live.Learn more
BinanceTrade ADA/BTC and ADA/ETH currency pairs.Learn more
Did you know?

Ada supply

  • Max supply: 45 billion ADA
  • Ada currently in circulation: About 32 billion ADA

What is Cardano and how does it work?

Note: Cardano is still under development. Not all of the features described below are active at the time of writing.

Cardano is entirely open source and created from the ground up with the goal of being the most practical cryptocurrency ever made. Some of its features, such as the Cardano blockchain and Daedalus wallet, were purpose-built from scratch and designed to be better than anything else currently available.

One of the main features of the Cardano system is the multi-layer design:

  • The settlement layer. This is the layer that operates the ADA tokens.
  • The computing layer. This layer can run smart contracts, recognize individual users and perform other functions.

Bitcoin and most other cryptocurrencies have all of these functions in one layer. This multi-layer system brings some features that traders may find useful.

  • Upgradeability. The system has been specifically designed to allow for relatively smooth and easy upgrades with soft forks. The multi-layer design allows for each layer to be forked and upgraded separately.
  • Adaptability. The computing layer can be adapted in various ways without affecting ADA. For example, to help meet different regulatory requirements in different countries without needing to make one-size-fits-all changes to the ADA cryptocurrency.
  • Privacy with compliance. Users can get privacy for their transactions even though the computing layer is able to recognize individuals. This system is designed to offer a level of anonymity while still allowing compliance with laws around the world.

These layers will be underpinned with the Cardano treasury, which will receive an as yet undecided portion of newly minted Ada and transaction fees.

How to sell or trade Cardano

  1. Go to the exchange platform which you have Cardano on. If your Cardano is in a digital wallet, then you can choose any of the compatible exchange platforms listed above to use.
  2. Via the platform, follow the steps to sell or trade your Cardano.

Cardano mining

Cardano uses an entirely new mining algorithm called Ouroboros. According to its developers, it’s the first proof-of-stake mining algorithm that’s been mathematically proven to be secure.

Did you know?

How proof of stake works

Most cryptocurrencies use “proof of work” mining, in which miners compete to solve problems, produce the next block and win a reward for doing so. By contrast “proof of stake” mining works by picking a semi-random stakeholder to solve the next block, with larger stakeholders (contributors with more ADA) more likely to be chosen.

This can potentially offer quicker and cheaper transactions, plus the benefits of being more energy-efficient.

The problem is finding a truly reliable and random way to pick the stakeholder to make a block. According to its developers, Ouroboros solves this problem.

Is Cardano trustworthy?

Cardano is entirely open source and patent-free. All its source code is publicly available for scrutiny. People interested in Cardano may find that this not only assists development but also means any problems can be highlighted quickly. It’s also fronted and developed by some publicly accessible and widely known names.

  • The Cardano Foundation: A Swiss-based non-profit designed to serve as a standards body for the Cardano protocol as it evolves over time and to interface with regulators in different markets.
  • IOHK: A well-known engineering company dedicated to peer-to-peer financial services innovations. IOHK is behind most of Cardano’s technology.
  • Emurgo: A registered company formed to interface between Cardano and businesses by offering Cardano as a blockchain business solution.

Things to consider before purchasing Cardano

The developers claim that Cardano was purpose-built to be the only cryptocurrency the world needs, offering an exceptional range of features and usefulness.

In particular, it’s designed to work well with regulations and to be accessible to almost anyone. For example, it’s already laid out plans to release Ada vending machines in Japan, and having an easy-to-use dedicated multi-currency wallet also removes an obstacle.

However, development is still ongoing and its full functions are not going to be available for some time. As of November 2017, only the settlement layer is operational.

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2 Responses

  1. Default Gravatar
    DonnApril 15, 2018

    How to buy a certain cryptocurrency?

    • finder Customer Care
      JoshuaApril 15, 2018Staff

      Hi Donn,

      Thanks for getting in touch with finder.

      There are just so many things you need to know before purchasing any cryptocurrency. As always, knowledge is power and having the right information allows you to get the most out of your digital coins. Please note that cryptocurrencies are highly volatile and speculative. You need to make sure you understand the risks involved before shelling out any amount of money.

      If you want to learn more about cryptocurrencies, I would highly recommend you read the following articles:

      Beyond bitcoin: a guide to cryptocurrency
      How to trade cryptocurrency – a beginner’s guide
      Latest cryptocurrency news from Crypto Finder

      I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.

      Have a wonderful day!

      Cheers,
      Joshua

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