Discover how to buy Cardano (ADA) on an exchange you can trust
Getting started with crypto can feel overwhelming, but learning where and how to buy crypto is simpler than you might think.
Cardano (ADA) is currently at
$0.36020
-$0.00500 (-1.39%)
Last updated on --.
How can I buy Cardano on OKX?
Whether you're new to crypto or an experienced trader, you can buy Cardano using the OKX Wallet or Exchange.
Step one
Get OKX
Download the app and sign up in a matter of minutes.
Step two
Fund your account
Deposit funds via bank transfer, credit card, or Apple Pay.
Step three
Choose Cardano
Select Cardano and buy using your chosen method.
Step four
Receive your Cardano
Confirm your purchase and store your Cardano in your portfolio.
What's Cardano?
Cardano is like a digital playground where people can build and use apps without needing a middleman. Imagine a giant sandbox where everyone can play and create together. It was made to help people do things faster and cheaper, like sending money or making agreements, without needing a bank or a lawyer. Cardano aims to make these activities more accessible and fair for everyone, especially in places where traditional systems are slow or expensive.
How can I buy Cardano?
1) Start by creating an account on OKX. Visit the website and click 'Sign Up.' Provide your email and create a strong password. 2) Verify your identity by uploading a government-issued ID, as required by U.S. regulations. 3) Fund your account using a bank transfer, credit card, or other local payment methods. 4) Once your account is funded, search for Cardano in the platform. 5) Click 'Buy' and enter the amount you wish to purchase. Confirm the transaction to complete your purchase.
Why do people buy Cardano?
People buy Cardano because it supports a wide range of applications, from financial services to educational tools. It's known for its focus on security and sustainability, using less energy than some other cryptocurrencies. Cardano's technology is designed to be flexible and scalable, making it suitable for various real-world uses. Its growing community and partnerships with educational and governmental institutions highlight its potential to solve real problems, like improving access to financial services.
Things to know before buying Cardano in the United States
In the United States, cryptocurrencies like Cardano are legal but regulated. You must complete KYC (Know Your Customer) and AML (Anti-Money Laundering) checks when buying. This means providing identification and sometimes proof of address. Tax-wise, any profit from selling Cardano is subject to capital gains tax. If you earn Cardano through staking, it may be considered income and taxed accordingly. Always consult a tax professional for detailed advice on your situation.
What are other ways to own Cardano?
You can obtain Cardano without buying it directly by participating in airdrops, where free tokens are distributed to users. Some platforms offer Learn-and-Earn programs, rewarding you with Cardano for completing educational tasks. Staking your existing Cardano can earn you more as a reward for helping secure the network. Additionally, providing liquidity in certain pools or completing specific tasks like referrals can also earn you Cardano. Each method requires different levels of effort and carries its own risks.
How can I store my Cardano?
To keep your Cardano safe, you can choose between custodial and non-custodial storage. Custodial wallets, like those on exchanges, are convenient but require trust in the provider. Non-custodial wallets give you full control but require you to manage your security. Hot wallets are online and easy to access, while cold wallets are offline and more secure. Always back up your wallet and keep your recovery phrases safe. Consider using a combination of storage methods for added security.
Why should I buy Cardano on OKX?
Learn more about the security measures keeping your Cardano safe and readily available.
Proof of Reserves
Our 1:1 reserve ensures your funds will always be available to you.
High liquidity
Our high trading volumes mean deeper liquidity and smoother execution for you.
Transparency
We ensure historical market data is available to you at all times.
Security
We adhere to the strictest global security and compliance standards.
Learn more about how to buy Cardano (ADA)
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How to get Cardano for free
Invite friends, earn rewards
See how you can get free Cardano when you invite friends to trade with you.
Earn APY on your crypto
Earn interest down to every dollar and watch your Cardano grow, for free. Put your crypto to work, 24/7.
Join airdrop campaigns
You can get free Cardano airdropped to you when you join campaigns.
See what you can do with your crypto
Now that you’ve mastered the art of buying crypto, check out its potential.
Trade Cardano
Take advantage of price fluctuations and trade your Cardano for other cryptocurrencies.
Send Cardano
Send your Cardano anywhere, anytime with fast, low-cost transfers.
Spend Cardano
Use your Cardano to pay for goods, services, and experiences seamlessly.
Hold Cardano
If you think your Cardano will increase in value, you can hold onto it.
Sell Cardano
Convert your Cardano to cash quickly and securely.
How to buy Cardano (ADA) FAQ
Depending on where you’re located, you can use bank transfer, credit/debit card, or Peer-to-Peer. Read our guide on how to use these different payment methods to buy Cardano ADA safely on a trusted exchange like OKX.
Choose the best exchange to buy Cardano (ADA) depending on your individual needs. Factors to consider when picking the best place to buy Cardano (ADA) include: security measures, platform transparency, fees, and efficient transaction processes. First-time beginners can consider trusted exchanges such as OKX.
Countries and regions differ on how digital assets transactions and holdings are taxed and how they view digital assets in general (money, property, commodity). In general, it is expected that you will pay capital gains tax when selling or swapping Cardano. Refer here for a more detailed guide.
There are exchanges that offer users privacy and do not require verification to complete transactions. However, it is important to exercise caution as such exchanges might be more prone to fraud.
Use a trusted, centralized exchange such as OKX, which offers the ability to buy and sell Cardano (ADA), as well as fiat withdrawal options.
This depends on the method you use to convert Cardano (ADA) to cash. Withdrawals to a bank can take one to three working days to process, while withdrawals to a debit card can be almost instantaneous.
Disclaimer
This is provided for informational purposes only. It is not intended to provide (i) investment advice or an investment recommendation, (ii) an offer, solicitation, or inducement to buy, sell or hold digital assets, or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, are subject to market volatility, involve a high degree of risk, and can lose value. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition and risk tolerance. Please consult your legal/tax/investment professional for questions about your specific circumstances. Not all products are offered in all regions. For more details, please refer to the OKX Terms of Use and Risk Warning. OKX Web3 Wallet and its ancillary services are subject to separate Terms of Service.
You are viewing content that has been summarized by AI. Please be aware that the information provided may not be accurate, complete, or up-to-date. This information is not (i) investment advice or an investment recommendation, (ii) an offer, solicitation, or inducement to buy, sell or hold digital assets, or (iii) financial, accounting, legal or tax advice. Digital assets are subject to market volatility, involve a high degree of risk, and can lose value. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition and risk tolerance. Please consult your legal/tax/investment professional for questions about your specific circumstances.
You are viewing content that has been summarized by AI. Please be aware that the information provided may not be accurate, complete, or up-to-date. This information is not (i) investment advice or an investment recommendation, (ii) an offer, solicitation, or inducement to buy, sell or hold digital assets, or (iii) financial, accounting, legal or tax advice. Digital assets are subject to market volatility, involve a high degree of risk, and can lose value. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition and risk tolerance. Please consult your legal/tax/investment professional for questions about your specific circumstances.