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Best Exchanges to buy Cardano 2022 Pros and Cons

By Burle M. 7 min read

The process of buying Cardano is just like any other coin in the crypto market. It is not something that you can directly buy from your bank account or through organizations. This may be possible in future but for the time being, you'll have to use a cryptocurrency trading site to convert your USD into ADA or other digital currencies. We are here to make this process for you as smooth as we can buy providing all the key details in this article. Let’s jump right into it.

Where to buy Cardano

Below are the popular crypto exchanges based on user experience,security,fee structure and supported coin, that you can use to purchase Cardano (ADA) in 2022.

Before moving forward i want to make it clear that the ranking of these exchanges are in no particular order. With that in mind - Let’s explore these crypto platforms one by one so that you can select the best cryptocurrency exchange to buying your Cardano.

1. Binance

Binance is well-known for its cryptocurrency-to-cryptocurrency trading services. Binance came onto the scene during the 2017 crypto craze and has since risen to become the world's leading cryptocurrency exchange. 

By trading volume, Binance is the world's largest online cryptocurrency exchange. The exchange is also one of the most rapidly growing venues in the cryptocurrency market today. You can easily buy and sell Cardano (ADA) using our step by step guide.

The exchange offers investors one of the most diverse selections of cryptos accessible on the market today. The currencies and tokens on sale range from the markets largest by market cap to some smaller and less well-known coins and tokens.

Binance Pros

  • Over 365 coins are available for trading on a global scale.
  • A diverse range of trading options and order types are available.
  • Low transaction costs.
  • Payment options are supported in a variety of ways.

Binance Cons

  • The platform is complicated and may be confusing for some people.
  • U.S exchange is more limited than others.
  • Binance has ran into regulatory issues in a number of nations.

How to buy Cardano on Binance

Binance has a rich collection of tools and dashboards that might be overwhelming. Its Buy Crypto page makes it easy to cut through the confusion and conduct straightforward transactions. It has a simple interface where you can buy, sell, or convert cryptocurrency.

1. Login to your Binance account and on the homepage click on the “Buy Crypto “Button.

2. You can purchase Cardano (ADA) using a variety of fiat currencies. Enter the amount of fiat money you wish to spend, and the system will calculate the amount of Cardano you can acquire.

3. Select the payment method and fill the required information than Continue.

4. Please double-check the payment information and costs, and complete your purchase within 1 minute, otherwise the amount of Cardano you may get will be adjusted depending on the current market price. 

5. You'll be taken to your bank's OTP Transaction Page. To validate the payment, follow the on-screen instructions. Following that, you will be able to see the acquired ADA in your Binance Spot Wallet immediately.


2. Coinbase Exchange

If you're searching for a location to exchange cryptocurrency, Coinbase is a good option. Its large range of prominent cryptocurrencies means you'll most likely find what you're looking for, but you'll only be able to trade crypto here.

Clients can receive staking incentives and acquire ownership of their assets themselves. The Pro platform's commissions are competitive, but clients trading small-dollar volumes on its entry-level platform should definitely consider going elsewhere.

Getting Started with Coinbase Exchange

Users must first create an account in order to utilize the exchange. The procedure is quite quick and straightforward. You can open an account with Coinbase by following the easy steps outlined below.

Step 1: Go to Coinbase official website and click the Get Started button in the top right corner of the webpage.

Step 2: Enter your personal information and email with a secure password.

Step 3: Click the create account button after checking the box at the bottom of the form.

Step 4: Verify your supplied email address by clicking on the verification link that was delivered to your inbox.

Step 5: You must provide your cellphone number with the country code to complete the two-step verification process.

Step 6: Enter the code that was delivered to your mobile device and click the Verify button. If you haven't received a code, select the Resend code option.

How to buy Cardano on Coinbase Exchange

Follow our step by step guide below to start buying Cardano (ADA) on Coinbase Exchange:

1. Log in to your Coinbase account.

2. On the upper right-hand side, click Buy / Sell.

3. Select Cardano from the list of cryptocurrencies and click the Buy button.

4. Enter the amount you want to buy in ADA or your local money.

5. Choose a payment method (Credit card, Bank Transfer or Crypto).

6. To confirm your purchase, click Preview Buy (you can always click the back arrow to make a change).

7. If all of the information is accurate, click Buy to complete your transaction.


3. OKX

OKX crypto exchange, founded in 2017 and headquartered in the Seychelles, is a prominent cryptocurrency exchange that uses blockchain technology to provide clients with a diverse range of trading goods. Hundreds of tokens are available to clients in over 200 countries and you can easily purchase Cardano (ADA) using our step by step.

It allow users to purchase, sell, and swap multiple supported assets. It also allows you to lend and borrow specific coins, as well as join proof-of-work mining pools and earn crypto as a miner. OKX presently offers over 100 cryptocurrencies, as well as over 400 crypto trading pairings.

According to CoinMarketCap, OKX is now one of the top 20 cryptocurrency exchanges in the world by trading volume, and it has a global presence.

OKX Features

OKX cryptocurrency exchange is one of the most popular and functional tools for full-fledged work with digital assets today. The platform provides a remarkable collection of currencies, intriguing alternatives, speedy withdrawals, and a high level of system security.

  1. OKX is a major cryptocurrency trading platform with a one-stop shop.
  2. It is user-friendly and offers an easy-to-use interface.
  3. This platform is suitable for both novice and experienced traders.
  4. OKEx accepts 30 fiat currencies, including the US dollar, the Chinese Yuan, the euro, and others.
  5. It accepts 17 payment methods, including VISA, MasterCard, and others, for acquiring cryptocurrency.
  6. OKX's fiat gateway allows customers to purchase crypto for as little as 0% in transaction fees.
  7. The spot trading function offers an order book with great liquidity and low spreads.
  8. On the perpetual swap and future markets, users may trade cryptocurrency with up to 100x leverage.
  9. It prioritizes security and employs offline cold storage methods.
  10. The OKX app is also available for phones running Android and iOS.
  11. Other apps, such as referral and affiliate, reward users for referring new members to this site.
  12. The support system is extremely efficient and can be accessed in a variety of languages.

How to buy Cardano on OKX

Follow our step by step guide below to start buying Cardano (ADA) on OkX Exchange:

1. Log in to your OKX Account.

2. Under the "Buy" tab, choose the fiat currency you wish to use and Cardano from the dropdown menu. Then, enter the amount of fiat cash you wish to spend or Cardano (ADA) you want to purchase.

3. Select your desired mode of payment (Credit Card, Bank Transfer or Crypto).

4. Your bought Cardano will be instantly deposited to your OKX account after payment is completed.


4. Gate.io

Gate.io is one of the fastest-growing cryptocurrency platforms, featuring a premier Initial Exchange Offering (IEO) platform, several cryptocurrencies, leveraged margin trading, and other innovative financial services like as margins loan or loans. Despite having a robust trading engine, the platform interface is fairly cluttered and is not the greatest location for beginner investors to start.

Gate.io Pros

  • The platform is available in over 400 markets and 800 coins worldwide.
  • The IEO (initial exchange offering) platform is fantastic.
  • Strong mobile application.
  • There are several options available, including spot trading and margin trading with 10x leverage.
  • Exchange that is extremely secure.
  • Customer service is available 24/7.

Gate.io Cons

  • The exchange is unregulated.
  • It is not advised for inexperienced traders.

Getting Started with Gate.io

Creating an account on Gate.io is pretty simple and straightforward, just follow these simple steps below.

Step 1: Go to the official Gate.io website and click Sign Up.

Step 2: On the next screen, enter your email address, and create a password.

Step 3: Next: You must generate a fund password (This password adds an extra layer to your security as without this key no one can withdraw funds from your account).

Step 4: You will be prompted to confirm your email address.

Step 5: Once you've verified your email, you can simply Login to the site and begin trading!

Note: Due to changing regulations, You might need to go through a KYC process to verify your identity.


5. KuCoin

KuCoin is a cryptocurrency exchange based in the Seychelles. The service provided by KuCoin cryptocurrency exchange is not limited to buying and selling crypto tokens or exchanging crypto tokens for Altcoins or fiat currencies. Furthermore, KuCoin's cryptocurrency loan service at unique interest rates varies from the rest of the world's crypto exchanges.

The platform is straightforward and simple to use. It is organized into stages for simple registration, following which one may begin trading. The number of cryptocurrencies and fiat currencies supported is extremely astounding. Furthermore, KuCoin provides 10x leverage for margin transactions, making it a popular exchange for passive profits.

KuCoin, being a crypto exchange with a global reach, is a practical choice that is accessible from most countries. Nonetheless, because KuCoin is a non-US-based exchange, US persons over the FBAR threshold must disclose it in FBAR filings.

Getting Started with KuCoin

Users must first create an account in order to utilize the exchange. The procedure is quite quick and straightforward.

You can open an account with KuCoin by following the easy steps outlined below.

Step 1: To begin, go to the platform's main website.

Step 2: Then, to access the registration form, click the "Sign Up" option.

Step 3: Fill your required information. Verify your supplied email address or Phone Number by clicking on the verification link that was delivered to your inbox.

Step 4: You must provide your cellphone number with the country code to complete the two-step verification process.

Step 5: Now the Account has been created.

KuCoin Pros

  • There are almost 200 cryptocurrencies supported.
  • There are several payment options.
  • Allows for the conversion of money to cryptocurrency and vice versa.
  • Downloading mobile apps for Android and iOS devices is simple.
  • Micro withdrawal wallets are now available.
  • Trading commission is rather minimal.

KuCoin Cons

  • Expensive costs when purchasing cryptocurrency with fiat currency (3 percent -12 percent).
  • Fiat currency cannot be withdrawn.

How to buy Cardano on KuCoin

Do you want to know how to buy crypto on KuCoin? This is also really simple. Follow the steps below to buy Cardano (ADA) on Kucoin:

1.  Login to your newly created Kucoin Account, go to the Buy Crypto tab from the main menu.

2. After that, you must look for Cardano to purchase. To do so, type (ADA) or (Cardano) into the search box on the right side of the page.

3. KuCoin will then provide all of the possible trading pairs for the Cardano.

4. Enter the amount  of ADA you want to buy in crypto or your local money.

5. Choose a payment method (Credit Card ).

6. To confirm your purchase, click Preview Buy

7. If all of the information is accurate, click Buy to complete your transaction.


6. Huobi Global

Huobi is one of the world's major cryptocurrency trading platforms, originally located in Beijing but now headquartered in Singapore. The exchange accepts both ICO tokens, cryptocurrencies and highlights the Blockchain economy's future development.

This Exchange has incredible features that appeal to global investors, such as derivative trading. It is a Huobi Global feature that allows you to trade in both futures and swap markets. This function truly assists exchange users in maximizing their earning potential.

Huobi Global is regarded as a secure and trustworthy platform for purchasing, trading, storing, earning, and selling 348 digital currencies. Tens of millions of consumers in more than 195 countries utilize the exchange, which accepts over 60 payment options for converting cash to cryptocurrency.

Huobi Global Features

  1. Provides Multiple Trading options like Margin,spot etc.
  2. Payment options that are adaptable.
  3. Over 900 trading pairs are supported.
  4. Trading commissions are as follows: 0.2 percent for the maker and 0.2 percent for the taker.
  5. Available on Google Play and Apple's App Store.
  6. Based on trading volume, it is the world's third largest cryptocurrency exchange.
  7. 348 cryptocurrencies are supported, with over 927 trade pairings.
  8. TradingView charts and tools are included in the advanced trading platform.
  9. Competitive Trading commissions of 0.2 percent.
  10. Institutional OTC trading.
  11. A reserve of 20,000 BTC has been set aside for severe security crises and breaches.

Getting Started with Huobi Global

To create an account on Huobi Global Exchange follow these steps:

Step 1: Go to the official website and On the top right of the page, click "Sign up."

Step 2: Choose "Country," enter your mobile phone number in the "Phone" field, create a password, and then click "register."

Step 3: To complete registration, enter the verification code.

Step 4: To finish the KYC verification procedure and unlock larger withdrawal limits.

How to buy Cardano on Huobi Global

Follow the steps below to buy Cardano (ADA) on Huobi Global: First and foremost, please ensure that you have sufficient USDT assets in your balance.

1. Visit Huobi global website. On the home page, select Cardano, and then on the next page, click "Buy Crypto"

2. Within 45 seconds, enter the entire amount of money you want to spend or the total number of ADA you wish to acquire. Then, choose "Order." Next, select a payment option and transfer funds straight to the seller using the information given.

3. Then, using the payment option you selected, transmit the complete amount of money within the time period specified. Following payment completion, please click "Paid".

4. If all of the information is accurate, "Confirm" to confirm that you have finished the payment.


7. Kraken

The Kraken cryptocurrency exchange was launched in 2011 in San Francisco, California, and was one of the country's earliest bitcoin exchanges. Its Bitcoin trading platform was formally established in 2013 and has since grown to over 4 million customers in 176 countries.

The exchange provides a diverse range of investing alternatives to individuals and organizations in almost 200 countries worldwide. More than 90 cryptocurrencies, including bitcoin, Ethereum, and others, are supported by the investing software.

However, it does not provide services to traders in New York or Washington State. Kraken offers a number of extra services to institutions, corporations, and wealthy people.

Kraken Features

As one of the most established cryptocurrency exchanges in not just the United States, but the whole globe, you would be correct in assuming Kraken has amazing features. There are several reasons why people choose Kraken, and I'll go through a few of them below.

  1. Low transaction costs begin at 0.16 percent / 0.26 percent (maker/taker).
  2. Mobile applications for iOS and Android are available for over 50 different cryptocurrencies.
  3. Buy cryptocurrency using fiat money.
  4. Trade cryptocurrencies on the market or buy/sell them instantaneously.
  5. 24/7 Team of Live Chat Support.
  6. Kraken Terminal - sophisticated charts and tools.
  7. Futures trading and margin trading Stake cryptocurrency and fiat currency to earn interest and expand your investment.
  8. For significant trades, an OTC desk with individual assistance is available.
  9. Trading crypto in foreign currencies.
  10. Crypto exchange that is dependable, safe, and trustworthy

How to buy Cardano on Kraken

Buying Cardano (ADA) on Kraken is quite simple and straightforward.

1. Using the Buy Crypto button at the top of the page, pick the 'Buy' option.

2. Enter the name of the asset you want to purchase in the search area (in our case it is Cardano). You may also go through the list of accessible crypto assets.

3. Enter the amount of cash you wish to spend, or use the toggle button to enter the amount of Cardano you want to buy. Check that you have selected the right "Pay With" method before clicking the Preview button.

4. A confirmation screen will appear, displaying the asset volume being purchased, the stated asset price, fees, and the purchase cash amount.

5. If everything appears to be in order, click Submit Order to finish the order.

6. When buying with a debit or credit card, further validation with 3D Secure will be required.


Other Exchanges to buy Cardano

Aside from using above popular platforms, there are variety of smaller cryptocurrency exchanges where you can buy ADA.

1. Hotbit Join Now
2. HitBTC Join Now
3. Bitrue Join Now
4. Upbit Join Now
5. Crypto.com Exchange Join Now
6. ZB Join Now
7. Digifinex Join Now
8. Binance US Join Now

Buy Cardano on Decentralized Exchanges.

Below, you will find comprehensive and detailed review about top rated decentralized exchanges using which you can buy Cardano (ADA) easily.

1. PancakeSwap (v2)

PancakeSwap is the most popular and widely used AMM for staking and yield farming. The exchange's trade volume exceeds $650 million. PancakeSwap is now the largest project running on BSC, and this momentum is anticipated to continue even if DeFi gains traction.

Still, adding PancakeSwap to a BSC is a significant step in the right way since it lets customers to engage in DeFi without worrying about expensive transaction fees or sluggish transaction speeds. While the market remains unpredictable and dynamic, the PancakeSwap team is working hard to provide an open and transparent platform that provides a number of ways to profit from crypto assets. There is also an emphasis on enhancing user experience in order to enhance platform usage, even among new users.

PancakeSwap (v2) Pros

  • Pools and farms benefit from high APR/APY returns.
  • Lower transaction costs than Uniswap.
  • A diverse assortment of items.
  • With an active community and developers, has more daily transactions than Uniswap.

PancakeSwap (v2) Cons

  • Possible loss in liquidity pool.
  • Prediction and the lottery might easily result in a loss of dollars (gambling).
  • Because of its popularity, the network may get clogged.
  • Many token scams are a possibility.


Conclusion

Choosing the best cryptocurrency platform for Cardano (ADA) might be a difficult task, there are various factors that one should consider before selecting a crypto exchange. These include the fees structure, security, exchange features, and whether it is based on fiat or crypto.
Remember, once you have shortlisted some exchanges, do your research on each of them to identify the most appropriate for you.




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