The 5 Best Ways to Buy Cardano (ADA) in 2023

How Can I Buy Cardano?

Last Updated January 5th 2023
28 Min Read

In this article, Trading Education will share the top 5 best ways to buy Cardano in 2023, their pros and cons, and the essentials to look out for before deciding on the best exchange to buy Cardano. 

Cardano (ADA) is a top 10 cryptocurrency by market capitalization. Aside from that, it is the only peer-reviewed protocol in a saturated market where projects are not analyzed and assessed by other experts. 

Created by co-founder of Ethereum, Charles Hoskinson, the crypto project has accomplished more than 90% of its milestone. The latest, “ALONZO” was finally released on Sunday, 12th September 2021. This finally brings smart contracts capability to Cardano which will see the protocol compete with first-mover of smart contracts Ethereum and others such as EOSIO, the TRON Network, Polkadot, and the Binance Smart Chain for decentralized application users.

Before you begin to invest in ADA, you must ask the important question: where to buy Cardano and how can I buy Cardano? 

By reading this article, you will discover the best ways to invest in Cardano. This will provide you with extensive knowledge of the different ways to buy Cardano based on your preferences. 

So read on, take action, learn how to buy Cardano legally, and be a part of this new way of trading and investing.

If you want to buy Cardano quickly and easily, check out eToro!


Best 5 Exchanges To Buy Cardano 

Each of us at Trading Education has been involved in the cryptocurrency world. This has exposed us to countless issues associated with speed, security, customer service, fees, and other limitations on certain exchanges.

As we made mistakes from consistently testing different exchanges, we noted down the pros and cons of using certain platforms we use and trust, and which we consider as the best places to buy Cardano. 

The winners from our in-depth research are Coinbase, Binance, Kraken, eToro, and a few Honorable Mentions

1. Coinbase 

Founded in 2012, Coinbase is the largest trading platform in the United States. It is also considered by several traders and investors as one of the best places to buy Cardano (ADA). 

In April 2021, Coinbase became the first crypto trading company in the United States listed on a U.S. exchange with an initial public offering that valued the company at approximately $86 billion. Coinbase supports more than 100 countries and has around 68 million verified users.

We can expect this user base to increase substantially in the future since several people believe Coinbase is one of the easiest ways to buy Cardano.  

Read on to get to know the pros and cons of buying Cardano (ADA) with Coinbase that can find answers to questions such as, can you buy Cardano on Coinbase and when can I buy ADA on Coinbase


✅  Buy and sell Cardano and other cryptocurrencies easily. 

✅  Has a very simple dashboard for monitoring your crypto portfolio (user-friendly, easy-to-use UX). 

✅  Comprises a price alert feature for monitoring certain digital tokens when they spike above or drop below your target prices. 

✅  Provides mobile applications on some of the most popular operating systems which are Android and iOS. 

✅  In terms of security, there are two-factor authentication (2FA) practices. This ensures that hackers, acquaintances, or friends cannot access your account illegitimately. 

✅  For a company registered as (NASDAQ: COIN), Coinbase is well-regulated and possesses the necessary licenses and certifications to operate in every country it supports. 

✅  Coinbase has insured all digital holdings privately. This means that you can trade without thinking about “what if something happens”. 

✅  In terms of promotions, you can get $5 in free BTC when you register for an account.

✅  You can also become a part of the Learn to Earn Program and earn free ADA coins.  


❌  When the exchange experiences high traffic, sometimes the website and mobile applications are unresponsive. 

❌  Fees charged are relatively high when compared to other exchanges. 

❌  Sometimes, the verification process takes too long.  

❌  Customer Service continues to be something that needs to be rectified. It is difficult to get timely answers to questions, most often, it becomes irritating.

2. Binance 

Founded by Chanpeng Zhao in 2017, Binance has become the largest cryptocurrency globally. CoinMarketCap ranks Binance number 1 on all cryptocurrency exchanges when they consider metrics such as 24-hour trading volumes, average liquidity, and exchange score.

Previously based in China, Japan, Malta, and now the Cayman Islands, Binance supports more than 180 countries worldwide. Binance sees more than 200,000 active wallets daily from millions of registered customers.


✅  Offers low trading fees (0.1% and lower). 

✅  Have easy-to-use platforms (website and mobile applications).  

✅  Wide selection of altcoins (more than 150) apart from Bitcoin (BTC).

✅  Has one of the best customer service systems across the cryptocurrency space. 

✅  There are no order executions or withdrawal delays due to the high liquidity flowing through the platform. 

✅  You can remain anonymous by registering for a basic account. 

✅  Binance allows you to stake ADA for annual percentage yields (APYs). 

✅  You can deposit funds via cards and stablecoins (USDT, USDC, and BUSD).

✅  Binance provides more than 500 crypto-to-crypto pairs. 

✅  Extremely active social channels.   


❌  Not available to all states in America. 

❌  Limited payment methods (doesn’t accept online wallets such as Skrill, Neteller, and PayPal among others).

❌  Binance may not be the best option for beginners due to some complexities in the navigation of its platform.  

3. Kraken 

Founded in 2011, Kraken is one of the first exchanges in the crypto trading business. Formally known as the Bitcoin Exchange because of the parent crypto being the only digital coin it listed years ago, Kraken moved on from that and lists more cryptocurrencies presently. 

Kraken is one of the largest cryptocurrency exchanges when trading volume comes to the discussion table. Kraken supports 176 countries including 48 states in the U.S and has more than 4 million active users.

Let us take an in-depth look at the pros and cons of buying Cardano with Kraken.


✅  Offers reasonable fees on deposits and withdrawals (this is relatively lower than most of the fees on other exchanges). 

✅  Its sleek design helps provide a great overview of the trading market. 

✅  The platform is easy to use. 

✅  Prioritizes security and provides more than one way of logging in to your account. 

✅  Provides several cryptocurrencies which help in crypto-to-crypto trading. 

✅  Allows you to stake ADA and earn percentage yields. 

✅  It is great for experienced traders. 


❌  Not that great for beginners. 

❌  Limited payment methods (no credit/debit card deposits). 

❌  When there is a high volume of trades on the platform, the websites sometimes become unresponsive. 

❌  The verification process is slower than other exchanges. 

4. eToro 

Founded in 2006, eToro is a multi-asset brokerage firm that is far advanced than most of the exchanges listed on the platform. It has been in the financial trading space for more than 14 years and provides some of the best features for beginners and experts. 

As one of the largest exchanges in terms of user base, traffic, and volume, eToro supports more than 100 countries and commands millions of users. 

Pros of Buying Cardano with eToro:

✅  Low trading and transaction fees (it ranges from a low of 0.75% to a high of 5% depending on the crypto). 

✅  Multiple cryptocurrencies (more than 140 including ADA). 

✅  You can make a minimum trade of $25

✅  Mobile applications are highly rated. 

✅  It has live chat support 24/7. 

✅  Provide advanced charting for trading. 

✅  Virtual Portfolios to serve as a trial for beginners. 

✅  Well regulated and secured platform. 


❌  Live chat supports are available but representatives are a bit slow in responding to tickets. 

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Check Out: Coinbase vs eToro: Which is Better?

5. Honorable Mentions 

If you are looking for more ways to buy Cardano, there are also good options such as SoFi,, BTCBIT, Change Now, Huobi Global, Paybis, Bittrex, Changelly, and BitStamp.  

Introduction To The Crypto World Of Cardano 

Once you take a stake in investing in Cardano (ADA), you are going to encounter different sets of terminology associated with the whole crypto stratosphere. Among them are wallets, cryptocurrency, blockchain technology, distributed applications, smart contracts, decentralized applications, decentralized finance, decentralized lending, exchange, insurance, and yield aggregation. You must feast on some of these terminologies and get to know their meaning before you invest a cent into Cardano (ADA). 

  • Cardano (ADA) is one of more than 17,200 digital tokens in the world of cryptocurrencies and digital finance. This means all cryptocurrencies are not named Bitcoin. While Bitcoin is the first, largest, and most popular cryptocurrency in the market today, Cardano has an awesome project that makes its novel token, ADA, one of the largest in terms of daily trading volume and market capitalization.
  • For a currency to become successful, it needs to have six (6) attributes. One of the attributes is divisibility which is linked to the medium of exchange. Cardano (ADA) is more divisible than the United States dollar. For example, $1 can be divided into 2 decimal points (thus, $1.00). On the other hand, ADA can be divided into 8 decimal points. This means that if ADA reaches a relatively higher price than you can afford, you can buy a piece that can be written as 0.00000001 ADA. 
  • Cardano is built on blockchain technology. It comprises two layers (Settlement and Computational). The Settlement Layer is used to settle transactions by peers in the network with ADA while the Computational Layer is optimized to support smart contracts and decentralized applications. 
  • Exchanges like Coinbase, eToro, Binance, and Kraken, are independent trading platforms that have been created to be accessed on desktop and mobile applications. Their purpose is to allow you to exchange your money (EUR, USD, GBP, and others) for cryptocurrencies. 
  • Wallets such as Daedalus and Trezor are the official wallets of Cardano. They are software created to facilitate access to the Cardano blockchain. Their primary purpose is to transfer and store ADA and other digital coins securely.

As you scroll through the cryptocurrency world in your quest to know more about how to buy Cardano and other digital coins, you will discover more about this new world of digital investments. 

In the not-too-distant future, you’d realize that the best places to buy Cardano are highly dependent on your location as well as your preferences.

Read Also: Investing In Cardano Right Now Could Make You A Millionaire Retiree

Finding The Right Site For Your Needs 

There are more than 450 exchanges and ways to buy Cardano. While they perform the same function, some of them are better than others when certain features are analyzed. 

Before we reveal how to invest in Cardano based on your needs, you must know what you want in the cryptocurrency world. Here is what you should take into account. 

1. Anonymity

Do not fall for exchanges that promise you that all activities you perform cannot be traced on the internet. This makes such exchanges dangerous because some of them have been involved in scamming and other dark web activities. 

On the other hand, if an exchange requires you to provide the necessary documentation for verification so that they can limit fraud and anti-money laundering activities, you should go with them. Although many exchanges and platforms fall under the category of the best ways to buy Cardano (ADA), fully verifying your account should be the first step in risking your money on ADA and other digital tokens. 

2. Fees

This is extremely vital for beginners with relatively smaller budgets. Some exchanges charge deposit and transaction fees that may take close to 10% of your investment budget. Suppose you have $100 and want to risk the money on ADA, you would receive 36 ADAs ($90) instead of 40 ADAs if you spend a 10th of your money on fees. If you are looking for the cheapest way to buy Cardano versus the fastest way to buy Cardano, then fees must be prioritized.  

3. Ease of Use

The first taste you would have of an exchange is their dashboard. Depending on the simplicity of the interface, you will find it easy or difficult to navigate the exchange to the best of your satisfaction. What’s more, you should watch out for the live chat feature that welcomes you and asks if you need help with anything on the exchange. These factors should play a role in helping you settle on an exchange. 

4. Payment Methods

Do you prefer depositing money via online wallets (PayPal, Skrill, Neteller, and others), do you prefer using bank transfer, or would you want to settle on credit/debit cards? Find out if an exchange meets your preferred payment method in terms of depositing and withdrawal fees, then you are good to go. 

5. Regulatory Compliance

Searching about the credibility of exchanges has become easy thanks to the use of search engines. The first pages will present authentic answers about the licenses and certifications your preferred exchange possesses. This will help you confirm the legitimacy of a particular exchange so that you can invest in Cardano through them. 

6. Security

Do not trust anyone when it comes to your money. Google can store your password and certain applications allow you to access your account for days without providing private keys to restore them.

As a result, always log out of your account when not in use. Moreover, go for exchanges that uphold two-factor authentications (2FA). This means that aside from entering the password, you must enter a pin code or arrange a passcode before your account can be fully accessed. 

7. Limits

Do not overlook this feature. Several exchanges have limits in terms of deposits and withdrawals. As a piece of investment advice, we will urge you to fully verify your account before investing in Cardano. This way, you are free of any limits. 

8. Liquidity

You need to patronize exchanges that see millions and dollars flowing through daily. This will help you buy and sell high amounts of Cardano (ADA) at awesome prices. 

9. Speed

An exchange that has technical problems will gradually deplete your investment budget. Use your virtual funds (demo account) to execute orders as a trial. Once your orders are executed on time for the 10th time, you should know that you have found the right exchange.       

10. Reputation

Do not settle for relatively newer exchanges and platforms. Always go for platforms that have at least 2 years of experience in the space. This will help you go through the pros and cons that come from different traders from different countries supported by the exchange. 

11. Customer Service

If an exchange has bad customer service, these are red flags as to the kind of problems you are going to have. If an exchange has an active 24/7 live chat, email, and phone support, you should go with them. 

12. Geo-Restriction

Do not use an exchange if it doesn’t support your country no matter how popular or secure it is to your needs. There are 100s of exchanges from which you can buy Cardano. Choose an exchange that supports your country and also suits your needs.

 Check Out: Why We Think Cardano Could Be The Next Big Thing

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Payment Methods Compared 

When it comes to investing in Cardano (ADA), there is nothing like a one size fit all approach. Everyone has a payment method they prefer. 

Credit/Debit Card

Investing in Cardano (ADA) using a credit/debit card is very easy. Because they are linked to your bank account, it is one of the secured ways of depositing money on an exchange. 

Bank Transfers

This is the most secure way of depositing money into your account. Although the process is a bit slow due to the numerous checks that representatives of your bank must conduct, it comes with low fees and gives you peace of mind to go about investing in Cardano (ADA). 


So far, this is the only way you can buy Cardano (ADA) anonymously. This can be done mostly on ATMs. 

Online Wallets

Depositing through PayPal, Skrill, Neteller, iDEAL, and Rapid Transfer on an exchange like eToro is free. PayPal is one of the easiest ways to buy Cardano. These wallets are verified and also have 2FA, therefore the safety and security of your funds are upheld. 

The Cheapest Place to Buy Cardano 

eToro is the cheapest place to buy Cardano. They are the only exchange that allows you to deposit funds through a range of payment methods at no cost. Coinbase, Kraken, Binance, and Huobi Global offer competitive prices. 

Trading Education Tips: If you want to buy Cardano with the cheapest fees possible, using your bank account to deposit funds is one of the best ways to go. 

The Safest Way to Buy Cardano 

All the exchanges we pointed out are part of the safest ways to buy Cardano.

They all offer more than 1 way of accessing your account and some of them have the necessary insurance to indemnify you should something go around. For longevity, we’d recommend eToro (2006), Kraken (2011), and Coinbase (2012) as three exchanges you should use due to their operating without any cyber security threats for more than 8 years.

The Easiest Way to Buy Cardano 

From our list, the easiest way to buy Cardano is through eToro or Coinbase. Some customers were able to register for an account and verify their accounts in less than 1 hour.

Since many people will love to trade and invest in Cardano when they are on the move, Gemini, and Kraken are among the easiest ways to buy Cardano.

The Fastest Way To Buy Cardano 

If you want to buy Cardano (ADA) quickly from your phone, you should use Gemini, Kraken, or Coinbase. 

As mentioned earlier, you can also buy Cardano quickly from eToro. Since deposits are processed instantly, you can add ADA to your crypto portfolio in a matter of minutes.

Don't Miss: Best Methods On How To Earn Cardano (ADA) Fast

How Do I Buy Cardano Near Me? 

Digital Currency Machines (DCMs) which are the next generation of Bitcoin ATMs have started popping up in the United States and Brazil. On 18th August 2021, Coin Cloud, the leading digital currency machine company that was founded in Las Vegas, Nevada in 2014 announced that it has added Cardano (ADA) and other cryptocurrencies to the already existing coins on their platform. 

This means that you can now buy and sell Cardano (ADA) with cash at any of their DCMs. You can use the free mobile wallet provided by Coin Cloud to store, buy, sell, and manage your coins anywhere on the globe.

Best Ways to Buy Cardano Anonymously 

The days of buying Cardano anonymously are gone. Whatever happens, a part of you will be traced online. What’s more, because of the numerous controversies miring the cryptocurrency world, there has been a wide crackdown on exchanges with Binance being the hardest hit among the rest. Therefore, the best way to buy Cardano anonymously is through cash. 

Coin Cloud has introduced digital currency machines (DCMs). Cardano (ADA) is one of the digital coins listed by the company. As a result, you can buy Cardano anonymously with cash on Coin Cloud’s DCMs.

Best Ways to Buy Cardano with PayPal 

The best way to buy Cardano with PayPal is through a well-regulated exchange like eToro. Therefore, you can use PayPal to deposit funds into your eToro account instantly. After extensive research, this is the best way to buy ADA you can find on the market.

Best Place To Buy Cardano With A Credit/Debit Card 

The best way to buy Cardano with a credit or debit card is to find a platform that offers competitive fees, is easy to use, and has the necessary security in place to preserve your ADA holdings. 

eToro is the best way to buy Cardano with a credit or debit card for most people because it’s fast, virtually free, and extremely easy to use. 

Binance and Coinbase also stand out when it comes to buying Cardano with a credit/debit card. 

You can also buy Cardano (ADA) directly with a credit/debit card on SKRILL (Know that you will pay deposit fees as well as transaction fees).  

Best Ways To Buy Cardano With Your Bank Account 

eToro and Coinbase as exchanges are the best ways to buy Cardano with your bank account. Once you have fully verified your account, your deposit will be processed within a short period. This way, you can buy more ADAs before the price heads for a pattern you did not anticipate. 

If you are a fully verified wallet SKRILL holder, PaySafe’s product is one of the best ways to buy Cardano with your bank account. In an instant, you can take advantage of SKRILLs crypto portfolio feature and buy ADA coins.  

How To Buy More Cryptocurrencies Or Altcoins

Platforms that allow you to buy Cardano with fiat do not have a large number of cryptocurrencies. If you want to buy more digital tokens, you will need to consider using platforms that will allow you to trade your Cardano (ADA) for other cryptocurrencies. 

To buy more cryptocurrencies, Huobi Global is one of the best exchanges that support altcoins of all sorts. You can use Huobi Global for your cryptocurrency needs.

Founded in 2013, the exchange supports more than 130 countries as well as more than 5 million users. Let us look at the pros and cons of buying Cardano with Huobi Global that will answer questions such as, is Huobi Global legit, and can I buy Cardano on Huobi Global?


✅  More than 230 tradable assets including ADA. 

✅  Offers 3 different exchanges and trading platforms (website, Android, and iOS). 

✅  Highly legit as it follows the Knowing Your Customer (KYC) phase to the tee. 

✅  It is very safe because it uses 2FA as well as other security measures to protect client information. 

✅  Great customer support in more than 13 languages. 

✅  Though highly sophisticated, their platform has a user-friendly dashboard and platform. 

✅  Caters to the needs of beginners and experts. 

✅  Has an impressive track record. 

✅  Transaction fees are quite low in comparison to others.

✅  It’s a top 10 exchange in terms of daily trading volumes. 


❌  To verify clients, the processes involved are a bit lengthy. 

❌  It doesn’t support fiat deposits and withdrawals.

See You On the Other Side! 

There you have it, a full and comprehensive list of the best places to buy Cardano. If you are interested in learning more about cryptocurrency investing. To familiarize yourself with terminology and numerous crypto projects in the space, you can go through our crypto articles written by experts on all the major coins plus altcoins with great potential. 

Editor’s Note: Buying Cardano is one of the best ways to enter the market because of its relatively lower trading price. Once you have a stake in ADA, you will learn more about the numerous opportunities hidden in the Cardano project. 

eToro – Best Platform To Buy Cardano

eToro have proven themselves trustworthy within the crypto industry over many years – we recommend you try them out.

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Read Also:

Is It Too Late To Buy Cardano?

Can Cardano Realize the Target of $10 Any Time Soon?

Cardano Price Prediction Forecast

Will Cardano Make Me Rich in 10 Years?

Is Cardano (ADA) Safe?


How to buy Cardano Legally? 

You can buy Cardano ADA legally through eToro, Binance, Huobi Global, Coinbase, Kraken, and others. You can also buy ADA legally through digital currency machines (DCMs) near you as well as on SKRILL.

What Are the Safest Sites to Buy Cardano? 

The safest sites to buy Cardano are those that require you to complete KYC and AML. This means your identity has been proven and your account has been fully verified. Once you find such a platform, you should know that they abide by regulations and cannot take off with your hard-earned money. Coinbase, eToro, and Binance are some of the safest sites to buy Cardano. 

What is the Cheapest Way to buy Cardano? 

The cheapest way to buy Cardano is to buy it on an exchange that will allow you to deposit and trade with 0% commissions. This will help you buy more ADAs. The cheapest way to buy Cardano is eToro.