Skip to main content

Where can I buy Cardano? – The 4 best platforms for ADA

 


What is Cardano?

Cardano is one of the most well-known cryptocurrencies. It is a blockchain platform founded in 2017 by Ethereum co-founder Charles Hoskinson. Cardano's goal is to develop a secure, efficient, and decentralized blockchain that is technically ahead of other blockchains.


The Cardano Foundation is behind Cardano. It uses evidence-based methods to further develop the blockchain. To do this, scientists are analyzing the problems of other blockchains and are intensively searching for optimal solutions for the Cardano blockchain


What is Cardano's token?

Cardano's network token is called ADA. The ADA is used for transactions in the Cardano network. Cardano uses the efficient Proof-of-Stake consensus mechanism , which makes transactions faster, cheaper and more efficient. The ADA token can be bought on crypto exchanges, but can also be used for staking .


Why is Cardano so popular?

Cardano impresses with the fact that it is an extremely secure, efficient and technically strong blockchain. Cardano's scientific approach makes it possible for the blockchain to be extremely secure, highly scalable and still decentralized. Cardano solves this so-called blockchain trilemma excellently. 


Blockchain Trilemma

Cardano is extremely sustainable in development and commercial interests play a minor role in the project. That is why Cardano has already been criticized because the development for investors and investors did not progress fast enough. But this approach ensures a technical superiority over other projects.

How will Cardano be further developed?

The development of Cardano takes place in different phases. These development phases form the backbone of Cardano. When Cardano makes an important advance, the value of the ADA token often increases. Cardano has the following development phases:


Byron : the foundation of the blockchain

Shelley : Decentralization of the Cardano blockchain

Goguen : Introducing Smart Contracts

Basho : increased scalability of the blockchain 

Voltaire : The governance function

With this long-term approach, Cardano ensures that the blockchain always works excellently and is technically up to date. Cardano outages and security vulnerabilities are a rarity compared to other blockchains. 


Cardano Roadmap

Cardano is currently in its fourth phase, basho. The development team is working intensively on increasing the transaction speed and thus the scalability of the blockchain. Cardano could soon reach a speed of 100,000 transactions per second. This would make Cardano faster than other well-known, highly scalable blockchains such as Solana and Avalanche.


What is the value of the ADA token?

The ADA experienced an all-time high in September 2021 and rose above the 3 dollar mark. That was because Cardano completed the Goguen phase and finally introduced smart contracts on the blockchain . 


Cardano Mining

However, the price of ADA has fallen sharply over the past few months and is now only around $0.80. The main reason is the currently weak overall market. B ut the numbers from Cardano itself are excellent. The number of Cardano addresses is increasing. 


At the moment, the ADA token can be purchased extremely cheaply. An investment could be worthwhile, because the next bull market is sure to come. 


Where can Cardano (ADA) buy?

You can now buy Cardano’s ADA token on many crypto exchanges. We present the 4 best platforms for this.


1. Binance

Binance is the world's largest crypto exchange. It was only founded in 2017 and has quickly established itself as one of the most well-known and popular crypto exchanges. Meanwhile, Binance is by far the largest trading volume.


You can trade over 100 cryptocurrencies on Binance. The platform offers numerous security mechanisms to secure your purchased cryptocurrencies. The ADA token from Cardano is of course also among the selection of cryptocurrencies. If you are knowledgeable about cryptocurrencies, Binance is an excellent choice to buy Cardano.


2. Bitfinex

Bitfinex is another crypto exchange where you can buy cryptocurrencies like Cardano. The exchange was founded in 2012, making it one of the most established crypto exchanges. The platform became notorious in 2016 when the platform was hit by a major hack. 


Meanwhile, Bitfinex is an extremely secure platform that focuses on the trading process of exchanging between different cryptocurrencies. With a little experience in dealing with cryptocurrencies, you can trade numerous coins at Bitfinex. This includes Cardano’s ADA token, which you can buy.


3. Kraken

Kraken emerged in 2011 as a replacement for one of the first crypto exchanges, Mt. Gox. A massive hack in 2011 was the beginning of the end of the crypto exchange. Kraken was launched in 2013. When Mt. Gox filed for bankruptcy in 2014, Kraken took over as one of the largest crypto exchanges.



In contrast to Binance and Bitfinex, Kraken's interface is much simpler than Binance or Bitfinex. But the selection of cryptocurrencies is smaller than on the former exchange. But you can also simply buy Cardano here.


4. Coinbase

The last platform where you can buy Cardano is Coinbase. Coinbase is also a platform where you can easily buy Cardano (ADA). The company is based in San Francisco, California. The company was founded in 2012.

Coinbase is also one of the most established and popular crypto exchanges in the world. Its interface is also kept relatively simple and clear. Here you can easily and securely buy Cardano.

My Top Picks
Honeygain - Passive earner that pays in BTC or PayPal
MandalaExchange -The Best no KYC crypto Exchange! 
BetFury - Play And Earn BFG for daily Bitcoin and ETH dividends!
Pipeflare - Faucet that pays in ZCash and Matic, Games pay in DAI
Womplay - Mobile dApp gaming platform that rewards in EOS and Bitcoin
Cointiply - The #1 Crypto Earning Site
Torum - Join the latest Social Network and earn TRM for Free! 
LiteCoinPay - The #1 FaucetPay earner for Litecoin 
LBRY/Odysee - YouTube Alternative that lets you earn Money by viewing videos!
FaucetPay - The #1 Microwallet Platform
FREEBTC - The #1 FaucetPay earner for Satoshi's
FaucetCrypto - An earning/faucet site that pays out instantly
FireFaucet - An earning site that pays better for some than Cointiply
DogeFaucet - Dogecoin Faucet
xFaucet - BTC, ETH, LTC, Doge, Dash, Tron, DGB, BCH, BNB, ZEC, FEY - Claim every 5 minutes
Konstantinova - BTC, ETH, LTC, Doge, Dash, Tron, DGB, BNB, ZEC, USDT, FEY, 25 Claims Daily

Comments

Post a Comment

Popular posts from this blog

The 5 largest platforms for non-fungible token (NFT) collectibles

  Since the beginning of 2021, non-fungible tokens (NFT) have had no holding back and the sector is setting new records almost every day.  More and more artists, stars and brands are realizing the potential - NFT are well on their way to catapulting the crypto space into the mainstream.  But which collectibles are currently the most popular? What are NFT? NFT are unique tokens that cannot be exchanged one-for-one for an equivalent token.  Any asset that is tokenizable can be an NFT.  This includes, for example, (digital) works of art, trading cards, game items and crypto domains.  Theoretically, however, real estate or securities can also be mapped as NFT. NFTs can be used to transparently map ownership structures on a public blockchain.  This allows them to store value just like real objects, even if additional copies are easy to make.  For example, the original picture of the Mona Lisa is significantly more valuable than a photo, as everyone kno...
11 comments
Read more

CARDALONIA: THE CARDANO METAVERSE OPENS THE GATES!

  Have you ever been to Cardalonia? With these words, the Cardano Metaverse called Cardalonia starts the gates. In this 3D world, developers and users can interact with each other. First of all, users have to create an individual character with which they can move online. After that you can enter one of the worlds built by developers with this character. You can also purchase your own land in the Cardano Metaverse via the marketplaces in Cardalonia . This is secured by Cardano's blockchain technology and therefore offers a relatively secure transfer of ownership. Since these are only digital plots of land, it is not yet entirely clear when the plots of land are purchased whether they can also be sold again in the future. A possible profit cannot be estimated at the moment. In Cardalonia, the cryptocurrency Lonia is used. The maximum amount of tokens in circulation is 100,000,000. The team consists of Alice Sand (Co-Founder), Vasil Air (CTO) and Dustan Water (Fullstack Developer). T...
Post a Comment
Read more

Cardano: This is the vision that founder Charles Hoskinson has

  The Altcoin Cardano has tended to decline in recent weeks.  The Alonzo upgrade was supposed to bring improvements, but it soon turned out to be a disappointment.  Cardano founder Charles Hoskinson presented his vision for the cyber motto in a live Twitter video. • Cardano in the last few months under pressure • Charles Hoskinson explains his Cardano vision via Twitter • Security and privacy at the center The cryptocurrency  Cardano  has had a difficult few months.  While founder Charles Hoskinson's cyber motto has had a strong run in 2021, it has been steadily downhill in recent months.  Cardano is faced with some difficulties.  The so-called Alonzo upgrade went live in mid-September, for which crypto fans had high hopes, but which soon turned out to be a disappointment.  The upgrade should make it possible to use smart contracts on the cryptocurrency as well.  It soon turned out, however, that although these were entered into Cardano,...
Post a Comment
Read more