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There are many reasons why you might want to invest in Cardano (ADA) cryptocurrency. With logic and research, it is quite affordable to get Cardano, even if you are a beginner.
After the release of Bitcoin, many developers are trying to improve its shortcomings, which are severe. So, they are constantly creating their own blockchain and corresponding cryptocurrencies. The second most valuable cryptocurrency, Ethereum, went a step further by introducing smart contracts and hosting decentralized applications with Blockchain.
Over time, more and more developers saw the need to create networks to host bulk transactions and improve their speed. The ones who did it best are the creators of ADA, who started the programme in September 2017. They aimed to have a platform for executing smart contracts faster and more efficiently. They did this with a network, where various blockchains can communicate, without the need for an intermediary. One of them is even a co-creator of Ethereum.
It is therefore no coincidence that in the cryptocurrency community, ADA is referred to as the third generation Blockchain, while Ethereum is considered to be the second generation Blockchain. It is reasonable to say that Cardano is the next Ethereum.
But there are too many other reasons that make it so exciting! More precisely:
- It provides practical uses; one of the few blockchains used by both governments and large corporations.
- It is developing from the begining; it grows slowly but steadily and seems like a solution to the challenges facing both bitcoin and Ethereum.
- It has a high capitalization; it amounts to 200 million USD.
- It has a dynamic presence in emerging markets; in Africa and other developing countries, where estimates show that they have a high number of people without banks.
- It has a co-founder with Ethereum; Charles Hoskinson, a fact that gives confidence to investors.
- It is listed on reputable exchanges; included in Coinbase Pro, among others.
- It introduces new technologies; Cardano network may replace the existing banking system in some countries.
- It has an affordable price for investment. This is a low entry price that does not require a fortune to invest in cryptocurrencies.
- It has made strong collaborations; with the UN, WHO, Shopify, the Government of Ethiopia and Travala.com.
- It is more environmentally friendly; the encryption network consumes only 6GWh of power. ADA is a 4 million times more energy efficient than bitcoins, thanks to the “Proof-of-Stake” blockchain.
How can I buy Cardano?
The cheapest and fastest way to get ADA right now, is through an online Crypto Exchange.
Paypal
Paypal made it easy to find Cardano through their platform but is still more expensive than buying it through an exchange platform.
Buy with credit card Cardano
Don’t have a SEPA account? No problem! Card transactions also provide an instant solution to get into the cryptocurrency game right away, without waiting for the payment to be settled.
Bank transfer (SEPA)
Want to make a big purchase of Cardano? A secure SEPA bank transfer provides a low-cost way to deposit as much cash as you want into a transaction.
Skrill or Neteller
Aren’t credit or debit card purchases your type? Skrill and Neteller offer an alternative payment method for the purchase of ADA. These are two great electronic options.
Buy Cardano – Where?
As one of the largest cryptocurrencies in the world, in terms of market capitalization, it will not be difficult to get ADA on major stock exchanges including:
- Kriptomat
- Gemini
- Kraken
- Crypto.com
- Binance
- Coinbase
- eToro
- HitBTC
If you have trouble finding a trading pair that links the Cardano to your local currency, you can convert money into Bitcoin, and get easily a gateway to other currencies.
The last step is to put your cryptocurrencies in an electronic wallet and delegate them to an ADA stake pool, in order to earn about 5% in “interest” per year. In case you intend to trade them, it is better to leave them to Binance, or any other exchange market from which you purchased them.
Now that you know everything about Cardano, you are ready to embark on your journey to cryptocurrency. Make sure this trip is simple, and enjoyable, with top security. Stay tuned, careful and join the cryptocurrency revolution!
