How To Buy Cardano In The USA

A Beginner’s Guide to Buying and Trading Cardano in the USA

Last Updated August 30th 2021
13 Min Read

Interested in buying Cardano but don’t know where to start? You’re in the right place. We’ve put together a handy guide with our top tips on how to buy Cardano (ADA) in the USA. 

Cryptocurrencies like Cardano (ADA) have become very popular in the market due to the project behind the token. While Bitcoin is easier to buy, those who want to buy Cardano (ADA) in the USA are required to take additional conversion steps. But just like Bitcoin, you can buy ADA on a crypto exchange. 

A third-generation blockchain-based cryptocurrency project, Cardano has lately become a very popular asset among investors. It’s a pretty eco-friendly cryptocurrency that has set big goals to solve the fundamental problems of the blockchain industry. Cardano has a native token, ADA, the largest crypto asset by market cap after Bitcoin and Ethereum as of September 2021. 

In this article, we will introduce the basic ideas of this cryptocurrency project, discuss Cardano's price history and future price predictions, and show you how to buy Cardano in the US. Plus, we will also find out the best platforms to invest in Cardano or trade Cardano in the US. 


  1. Open an account with a regulated cryptocurrency exchange in the USA.
  2. Verify your account.
  3. Go to the deposit section.
  4. Go to the platform and select Cardano.
  5. Enter how many Cardano (ADA) coins you want to buy.
  6. Check the details and confirm your purchase.

What is Cardano?

Cardano is a decentralized cryptocurrency project that uses blockchain technology based on the Proof of Stake protocol. It was founded by one of the Ethereum co-founders, Charles Hoskinson, and was eventually launched in 2017. The project was named after the Italian polymath Gerolamo Cardano and obviously, it also has a native token, ADA, which is named after the English mathematician Augusta Ada Lovelace. 

Cardano aims to build third-generation blockchain technology to solve most of the biggest problems that today's blockchain industry encounters.  The way Cardano works is very similar to Ethereum, but the project considers itself the upgraded version of Ethereum, seeking to bring lots of innovations to the market. Also, the project was the first to use a proof of stake protocol called Ouroboros that appeared to be more efficient and secure than any other protocol. 

How Cardano Works and What Affects Its Price?

On the whole, Cardano attempts to solve three essential problems of blockchain technology - interoperability, scalability, and sustainability. The latter has become one of the hottest topics recently after the Tesla car-producing company announced suspending transactions in Bitcoin because the way its blockchain works damages the environment. 

After this announcement, many crypto developers started to think of ways to make their protocols more eco-friendly. Compared to many other cryptos, Cardano is a more eco-friendly asset. It is the first to use the Proof of stake protocol, in which less electricity is used to run the blockchain and mine new coins. Hence, it causes less harm to the environment. 

The next big problem within the blockchain is scalability - that is to say, the number of transactions that it can verify per second. In the case of bitcoin, this number is 5; Ethereum can approve 15 transactions per second, while Cardano seeks to build a blockchain that can verify up to 1 million/second transactions. Presently, it can approve more than 200 hundred per second. 

And with interoperability, Cardano aims to build an ecosystem in which different cryptocurrencies can interact with each other easily, according to their own rules and protocols.

How to Buy Cardano Online in the USA - A Step by Step Guide

In this part, we will introduce a complete guide explaining how to buy Cardano online in the US. 

1. Find a US Regulated Crypto Exchange that Supports Cardano

Being the third-largest crypto coin in the world, it is no wonder that many prestigious cryptocurrency exchanges and brokers support Cardano, so it's easy to find a good platform to buy Cardano.

2. Open an Online Account and Fund Your Account

To open up an online account, you need to visit the crypto exchange and click on the "Join Now" button. Then you can quickly fill in the necessary information and jump to the verification process. The latter depends on what crypto exchange you choose, but basically, they require proof of address and proof of identification.

Eventually, when your account gets verified, you can select one of the payment methods which suits you best and deposit funds on your exchange account. Note also that some platforms require a minimum deposit to allow you to trade. Also, there can be conversion and deposit fees charged by the platform that you need to consider.

3. Buy Cardano

Now, you are finally ready to invest in Cardano, which can be found under the ticker symbol ADA. So, you need to find the search toolbar, search for ADA, fill in how much you want to buy, and complete your purchase. 

4: Store your Cardano Tokens in a Wallet

After opening your account with the exchange, you will need to store your Cardano funds in a wallet. Although you can store your ADA on the exchange’s trading platform, it’s always better to keep your funds safe in a wallet where only you have the private key. This way, should the exchange be hacked, your ADA funds will still be safe. But this step is not compulsory, especially if you intend to trade regularly on the broker platform.

Thus, this step is optional, but it is highly recommended that you buy a hardware wallet if you make a long-term investment and worry about security. These wallets allow you to store your ADA coins safely and away from any third party. 

The above are the 4 basic steps to take when buying Cardano (ADA) in the USA.

Is Cardano A Buy Right Now?

When we look at Cardano's price history charts, we can see that the cryptocurrency did not get serious attention before 2021. It started to increase in value with Bitcoin and other cryptocurrencies at the end of 2020, and reached a maximum price on May 16th, being traded at $2.1 before the whole crypto market started to drop. 

Cardano suffered a bit from this crash but not as much as many other cryptos. It hit a minimum on July 20th and was traded at $1.05 but then started to recover significantly. This was partly due to the fact that the ADA crypto is based on a nature-friendly protocol. Therefore, Cardano prices have begun to increase after the project announced new upgrades that will be launched in the near future. 

ADA price chart

Ultimately, Cardano’s native token ADA hit an all-time maximum on August 27th, 2021, when its value increased to $2.94. Presently, Cardano is considered a good investment, especially for beginners, as it's not too pricey and it has real value. As long as it aims to solve some fundamental problems in the industry, it's likely to become a very popular crypto coin if it succeeds in accomplishing its goals. 


How to Trade Cardano in the USA - A Step by Step Guide

If you want to challenge yourself in short-term trading and consider Cardano a good asset to profit from its price movements, you can learn how to trade Cardano in the USA with the following guide.

1. Find an Online Trading Platform that Supports Cardano

The key factors that short-term traders consider when choosing a brokerage account are the platform's convenience and low trading fees. In short-term trading, you usually open and close positions quickly, so you will be charged transaction fees for every trade. If these fees are high, your profit may suffer significantly. 

In contrast, long-term trading does not require you to buy and sell frequently, but the platform may charge monthly account fees, overnight fees, inactivity fees, etc. Hence, finding the best suitable platform depends on which way you are planning to trade. 

2. Fund Your Account

After selecting the broker, you can start building your account. In this phase, you will also need to verify your account with proof of ID and/or proof of address. The verification process may take from hours to days, but you can use this time to explore the brokerage platform, find out what tools it offers, etc.

When the broker verifies your identity, you need to charge your account with money to start trading. There are multiple methods to choose for depositing money - bank cards, wire transfers, PayPal, Neteller, Skrill, etc. 

3. Develop a Trading Strategy 

Your next step is about choosing the trading method, which usually depends on your investment goals, money, time, etc. As a short-term trading strategy, you can select day trading, which requires opening and closing positions within the same trading day. Scalping strategy requires doing the same within seconds and profit on small price fluctuations within seconds.

Long-term trading strategies don't require you to spend too much time on market research. In this case, you buy the asset and wait for the perfect moment to sell and gain rewards. "Buy and hold" is a long-term strategy that is widely used among cryptocurrency retail investors. 

4. Start Trading Cardano

Eventually, you have everything - a good broker, funded account, and trading strategy to trade Cardano in the US. All you need to do is search for the coin and start the trading process.

Cardano Price Prediction

And now for Cardano price prediction. We analyze all the information from the top ADA price forecasters and put together what are the most likely prices we could see in the next 10 years.

According to the Cardano price prediction offered by WalletI Investor, Cardano is set to rise to $4 by the end of 2021, $5.45 in 2022, to soar all the way to $8.20 by December 2025.

Based on Cardano projections from CoinLiker, the ADA coin price is expected to rise significantly in the coming years, trading at $4.50 in 2021, $6.32 in 2023 and $12.50 in 2025.

Digital Coin Price is also very bullish in Cardano price predictions. According to them, Cardano price will be valued at $4.21 by the end of 2021, $5.20 by the end of 2022, $5.82 by the end of 2023, then the cardano price will take a good rise and increase up to $9 in 2025 and $12 in 2026.

The top price predictions for Cardano in 2027 foresee ADA dominating above $15 for most of the year. If the coin does well, experts seem to suggest that a push to $16 could be possible.

As per our Cardano price prediction 2030, the coin might be able to touch the $20 price mark on the upside, while on the downside, it might fall up to $14. As per our ADA price prediction and forecast update, the Cardano currency price might trade around $19.50 by the end of 2030.

Don't Miss: Cardano Price Prediction Forecast

Cardano Advantages and Disadvantages

If you still need more information about Cardano to decide on investing in it, here are some of the most crucial advantages and disadvantages of this cryptocurrency project. 

Advantages of Cardano:

Cardano is a more nature-friendly cryptocurrency than Bitcoin and Ethereum.

The project has ambitious plans about solving the three biggest problems of the blockchain industry - scalability, interoperability, and sustainability. 

Cardano is not a pricey investment, so beginners can use this advantage.

Cardano is the third-largest cryptocurrency by market capitalization.

It’s backed by a team of professionals, while its creator is the former co-founder of Ethereums.

Disadvantages of Cardano:

Cardano can face high competition in the market (including Ethereum).

There is a lot of hard work for Cardano to accomplish its goals.

Read Also: Will Cardano Make Me Rich in 10 Years?

How Do I Mine Cardano in the USA?

To manage its blockchain, Cardano uses a proof of stake protocol called Ouroboros. It requires that miners stake their ADA coins to be given the voting right, verify transactions, and be rewarded with a new block. Compared to the Proof of Work protocol that Bitcoin and Ethereum use, Proof of stake is more energy-efficient, as long as it does not require too many devices to work for the network. Hence, it causes less environmental damage. To mine Cardano coins, you need to find an online service that gives you the tools to mine Cardano coins by using one of your electronic devices - laptop, computer, or mobile phone. 

Read Also: Could Cardano Be a Millionaire-Maker Coin?

What is the Total Supply of Cardano?

The maximum supply of Cardano's native cryptocurrency ADA is 45 billion coins. From this, 32 billion are already in circulation. 

Things to Consider Before You Invest in Cardano in the USA

In this guide, we have talked about one of the hottest cryptocurrencies in the market and introduced a guide on how to buy Cardano in the US. To conclude, in this part, we will combine the key elements you need to consider before you invest in Cardano.

The primary factor is the volatility of cryptocurrencies, which means that investing in cryptos today, you may take a big risk in investing in crypto coins as you can not really know what will happen in the near future. Still, there are cryptocurrencies less risky, and Cardano belongs to this group. It has long-term goals and struggles to bring them into reality; hence Cardano is considered a good long-term investment that can get you fertile returns

Cardano is highly speculative

The Cardano asset is  speculative, which means several factors can impact the price movement. You need to accept the risk in the market before investing. Sometimes, the market can go extremely bad, and sometimes it can be unbelievably profitable.

Cardano is widely available

The availability of a cryptocurrency can affect its popularity. Thankfully, Cardano is widely available on several cryptocurrency exchanges in the USA.  As a result, you will have no shortage of options when trading the token consistently.

Strong community support

The Cardano community is a huge one, as it is supported by a wide network of enthusiastic users.

A solid platform: One of the strengths of a token is the strength of the platform backing the token. The Cardano platform is a platform that uses proof-of-stake technology, which tends to make transactions scalable and timely. The company has entered into various upgrades and partnerships with top tech providers, and this has started yielding results in the value of the token.

Future outlook

When you want to invest in a cryptocurrency, it’s important to look at the token’s future outlook. It will tell you whether your investment in the token can yield a respectable return for the long term. Thankfully, the future outlook of Cardano is a good one, based on recent upgrade activities by the developers.

Final Words

Cardano has no doubt grown in popularity while its ADA token keeps breaking now grounds. If you’re looking to invest in cryptocurrency in the USA, there are lots of exchanges available to you. As long as you can link your account and submit the basic requirements, it will be very easy to buy Cardano.

eToro – Best Platform to Buy Cardano in The USA 

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Virtual currencies are highly volatile. Your capital is at risk.

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