Since 2015, there has been a very special online currency: Cardano. Here we show how and where you can best buy Cardano, what exchanges are available and whether you can also get ADA tokens with PayPal, SOFORT-Überweisung and company.

Buying Cardano: What should you look for to buy cheap and safe Cardano?

Since Cardano has some differences with respect to Bitcoin in terms of decentralisation as well as scalability, there are some differences with respect to the purchase of Bitcoin. Above all, attention should be paid to the following factors:

  • Where is the best place to buy Cardano?
  • Do I want to keep Cardano for the long term, use it for online shopping or speculate on the price?
  • How does a Cardano wallet work?
  • Is Cardano worth investing in?

Where to buy cheap Cardano? Our comparison of brokers and exchanges – buy Cardano with the lowest commissions:

How to buy Cardano with euros in Germany? Buy the Cardano beginners guide with eToro:

Here we show you step by step how to introduce Cardano into your portfolio. We use the eToro broker for this purpose, as it offers the advantage that you can buy real Cardano Coins as well as CFDs (with leverage) – combining the advantages of a broker and an exchange.

Next, we will talk about the difference between a broker and a stock exchange.

Step 1: Register with a cryptocurrency broker or exchange

First, you register with a cryptocurrency broker or exchange.

For our example, we chose eToro because here we can buy both real Cardano for holding and Cardano derivatives for speculation.

First, we click on the link to register with eToro:

In the form we enter our user name, e-mail address and password and accept the terms and conditions.

We then receive a verification email in which we click on the link to confirm the account.

 

Step 2: Topping up the account

In the next step, we need to fund our account with money to buy Cardano. To do this, we click on the “Deposit Money” button on eToro:

Next, we select the amount and the payment method we want to deposit with, and then click on the “Submit” button to deposit the amount.

Buy Cardano with PayPal, Sofortüberweisung and more

In our example we show a credit card purchase. eToro also offers other deposit methods:

Payment option

Is it possible?

Buy Cardano by credit card

 

Buy Cardano with PayPal

 

Buy Cardano by bank transfer SOFORT

 

Buy Cardano with Rapid Transfer

 

Buy Cardano with Skrill

 

Buy Cardano by bank transfer

 

Buy Cardano with Neteller

 

Buy Cardano with UnionPay

 

Step 3: Buy Cardano online with euros

Now that we have funded our account, we can start the actual purchase of Cardano. To do this, we click on the search box at the top and enter “Cardano”.

We then click on the “Trade” button:

The purchase window will then open. Here we have the following options:

  1. Buy or sell: In our case we have to set it to “buy”.
  2. Operation or order: Here we can choose whether we want to execute the operation immediately (operation) or deferred (order).
  3. Quantity: The quantity of Cardano we want to buy.
  4. Stop Loss and Take Profit: At what loss or profit our position should be automatically sold.
  5. Leverage: With which leverage we want to buy Cardano. With leverage X1 we buy real Cardano, with leverage X2 we buy leveraged Cardano CFDs.

Once we have configured all the options, we click on the “Open transaction” button to complete the purchase.

After we have the Cardano in our wallet, the purchase is complete!

Broker or stock exchange: Which is the best place to buy Cardano?

Now that we have shown one way to buy Cardano quickly, easily and safely, there are of course other ways.

The question of how and where to buy Cardano is strongly related to the second question, i.e. whether you want to hold Cardano for the long term or whether you prefer to speculate on the short-term price development.

For short-term speculation, a CFD broker is recommended, where you speculate on the price development of Cardano without holding the underlying asset directly. The advantage of a broker is that you can also trade with leverage, so that even small price fluctuations can result in large profits or losses.

If you want to hold Cardano for a longer period of time, you are better off with a crypto exchange:

Broker and exchange in one: eToro

Should you buy Cardano or not? Our reasons for buying

Cardano has been a real success story in the recent past and growing interest from retailers has led to a value of more than €3 billion by 2020.

Thus, the Cardano coin is one of the most popular cryptocurrencies in history. Cardano is based on the blockchain, but it is fundamentally different from other blockchain cryptocurrencies, such as Bitcoin.

Cardano buy or sell? Our pros and cons analysis:

  • Open source
  • No energy-intensive mining (through proof-of-stake)
  • Technology leader
  • Featured developers
  • Second-generation cryptocurrency
  • Cryptocurrencies, as always, are highly speculative.

The Cardano cryptocurrency came onto the market when Bitcoin and Ethereum had already taken their first steps. In this sense, the first answers to the weak points of the existing problems in the blockchain could be found. In this sense, the focus on scientific knowledge should be a great argument for many traders to buy Cardano. The pronounced transparency values, peer-to-peer implementations and cooperation with a wide range of users should also ensure that ADA will be counted among the leading online currencies in the future.

The cryptocurrency of the Cardano blockchain technology is called ADA. Anyone who wants to buy Cardano (ADA) should normally do so with Bitcoin or Ethereum. So fast you can think of cryptocurrency exchanges like Binance. Goldreward.io has once investigated how exactly Cardano can be bought and whether there are other providers that allow the investment of ADA. The most important thing is that the European market has also recognised the value of Cardano and therefore adopted it. So today you can also buy Cardano from European sellers with EU buyer protection up to 20.000€!

Buy Cardano now at eToro

  • Cardano real or Cardano CFDs with a single broker
  • nationally regulated corridor
  • Rapid deposit and withdrawal
  • fair rates
  • on 14 other cryptocurrencies
  • integrated wallet

What are the rates for buying Cardano?

To make Cardano’s purchase rates comparable, let us take the following example:

  • We would like to buy Cardano for €1,000.
  • We would like to keep the Cardano for one month and then pay it into our euro account.
  • For the sake of simplicity, let us assume that the rate does not change during the 30 days.

Based on these assumptions, we will review the costs invoiced by the main suppliers:

Prestataire

etoro

coinbase

Plus500

Dépôt

free of charge

3,99%

free of charge

Purchase price

2,9%

1,49%

3,08%*

Frais de participation

free of charge

free of charge

0,05%*

Selling price

2,9%

1,49%

3,08%*

Payments

5 USD

0.15 USD

1,9%

Total frais

62,16€

68,24€

92,32€

Cardano purses: Which purses are useful for post-purchase storage?

What does it look like, do you need a Cardano Wallet? Because in the case of cryptocurrencies they are often stored in such digital wallets and purchased with them.

Without an e-wallet, you will not be able to manage, send or receive cryptocurrencies. So if you want to buy or send with Cardano, you can’t avoid a wallet.

As there are many criteria to take into account that are beyond the scope of this article, here is the link to the portfolio comparison:

By the way: Our test-winning broker eToro offers an integrated wallet, so beginners can rely on it for the time being. If investment amounts increase later on, we recommend a hardware or software wallet.

Cardano’s historical courses: Important milestones in Cardano’s history

The cryptocurrency has already had some ups and downs. We show the most important milestones in Cardano’s history.

  1. By publishing core concepts such as predecessor operations, interoperability, as well as sustainability, Cardano made its first leap after moving from 2 cents to 10 cents in November 2017.
  2. From December 2017 to January 2018, the price of Cardano went from 10 cents to an astronomical €1.10, more than 1000%! This is based on the publication of the Stake of Proof problem with the simultaneous aim of solving it. The suitability of the mass and the possible replacement of FIAT’s previous currencies lead to this incredible rise. However, after a short time, the market noticed that the implementation in the market took longer and so the shares were sold right at the value of November 2017.
  3. In April 2018, Cardano announced that it had cracked the Proof of Stake algorithm, considered one of the biggest problems in blockchain technology. As a result, the share price rose almost 250% to 29 cents.
  4. Due to the publication of the Stake of Proof algorithm, the price of Cardano briefly rose again from 10 to 13 cents.
  5. Both Georgia and Hong Kong were in negotiations with Cardano’s implementation, which gave Cardano a long-term boost. Unfortunately, these efforts were not rewarded in the end. Cardano’s price rose by 3 cents from March to July 2019, after which it returned to its previous value.
  6. For more than 2 years, a huge team of developers has been working on the Byrant reboot code that can significantly improve stability and decentralisation. In addition, the betting pools could increase to more than 1000. Now the release of the (in their own words) “Cardano’s proudest work” is imminent, which allows to observe a steady increase of Cardano. Thus, the value of Cardano increased sixfold from March to August 2020.

Alternatives to Cardano: buying other cryptocurrencies or shares

On various forums, people like to discuss how to buy Cardano shares. But these interested traders are a bit ahead of their time.

Because to participate in the performance of the Berlin cryptocurrency, you actually have to settle for the tokens to date.

However, it is not said that there is no opportunity to buy Cardano shares in the future. In this regard, it is called, eyes and ears open, because the latest news from Cardano, could already announce completely new investment opportunities. To be always up to date, it is worthwhile to regularly visit the Goldreward News.

Alternative 1: Cardano State Bonds

Another option would be to buy government bonds. As several countries have signed agreements with Cardano, Cardano’s progress could also have a positive impact on the country. There are a selection of countries that work closely with Cardano. These include countries such as Georgia and Hong Kong, which might want to implement Cardano as a currency, or Ethiopia, which use Cardano’s blockchain in agricultural technology.

  • Hong Kong Government Bond: ISIN: XS1819587665 WKN: A194ZF
  • Georgian Government Bond: ISIN: GETC28118049 WKN: A2R9JN
  • Ethiopian Government Bond: ISIN: XS1151974877 WKN: A1ZTP

Alternative 2: Opportunities in cryptocurrencies

Apart from that, there are other cryptocurrencies that definitely have potential:

  • Buy Bitcoin: The top dog among cryptocurrencies, it is considered by many to be the “digital gold” and one of the most stable cryptocurrencies.
  • Buying Ripple: With the support of many banks, Ripple is a good alternative to Cardano.
  • Buy Ethereum: Ethereum is the solution for smart contracts and takes a very similar approach to Cardano.

Alternative 3: CryptoShares

Another alternative is cryptocurrency stocks: chipmakers, mining companies and even the Bitcoin group have posted strong gains so far.

  • Bitcoin stocks: For those who believe that Bitcoin will outperform Cardano, Bitcoin stocks are a good alternative.
  • NVIDIA shares: NVIDIA produces important graphics chips especially for mining – if the cryptocurrency boom continues, NVIDIA is certainly a good investment.

How to buy Cardano 2020 – Frequently asked questions

Is Cardano worth investing in?

No one can accurately predict the behaviour of the various online currencies. But quite a few experts have predicted a glorious future for Cardano.

There are some hot candidates for 2020 that are considered promising cryptocurrencies. Goldreward.io has taken a look at the most interesting coins for future investments.

How much money do I have to invest as a minimum?

On many platforms, you can only enter with a minimum deposit of 200 euros. In any case, this amount is adequate for this type of investment. However, the amount of the investment is rather oriented towards one’s own capital possibilities. Since cryptocurrencies are still very speculative, the investment should not exceed 5-10% of your own assets.

Buy Cardano or trade CFDs?

This is purely a matter of judgement and depends on the trader.

Both forms have advantages and disadvantages. Options brokers only use cryptocurrencies as assets, while exchanges allow direct trading of assets.

Can I pay with a credit card on Binance?

No, only cryptocurrencies are accepted. However, to get Cardano via credit card payment, you can take the detour via Coinbase. Here you can use your credit card to buy Bitcoin, for example, to exchange these tokens for Cardano on Binance.

Do I need a Cardano Wallet?

You do not need a wallet to trade with our test winner. After all, CFDs use cryptocurrencies exclusively as underlying assets.

Real coins can also be purchased. However, the broker takes care of creating a wallet. So additionally you can even fully enjoy the possibilities of cryptocurrency exchanges such as Binance.

Do I really need 2-factor authentication?

Not all platforms oblige their clients to do so. However, it should be in every trader’s interest to keep security as high as possible. In the past, there have been several known examples of data misuse and currency theft online. As a trader, one cannot be too careful. Therefore, unrestricted 2-factor authentication is recommended.

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August 9, 2021