Buy Cardano ADA

Purchasing Cardano (ADA) and other cryptocurrencies is simple and straightforward online. You can buy and sell Cardano (ADA) on various platforms, including crypto brokers and exchanges.

Investing in Cardano (ADA) and other cryptocurrencies can be done in a few easy steps. Follow this guide to get started with crypto trading on platforms like Bitpanda and build your digital asset portfolio.

1. Choose the right platform to invest

• Start by selecting a suitable trading platform that supports Cardano (ADA)

• Consider features such as security, data protection, and user-friendliness

• With the Bitpanda app from the Play Store or App Store, you can invest securely and conveniently on your mobile device

2. Create an account and get started

• Register with an email address and create a strong password

• Provide necessary personal details

• Accept the terms and conditions and privacy policy

• Begin the verification process

3. Confirm your identity

• Verify your identity to start trading Cardano (ADA)

• Complete the online verification with a stable internet connection and a valid ID document

4. Deposit funds into your account

• Use the Bitpanda website or mobile app to deposit fiat money or other tradable assets into your account

• You can deposit via bank transfer, credit card, PayPal or Apple Pay

• There are also options to use EPS and SOFORT transfers, giropay, SEPA direct debits and other online payment services such as Skrill and NETELLER

5. Buy Cardano (ADA) and invest in cryptocurrencies

• Once the funds are in your account, you can buy Cardano (ADA) and other cryptocurrencies

• Simply select Cardano (ADA) for purchase, choose a payment method, and confirm the transaction

If you are interested in investing in cryptocurrencies like Cardano (ADA), Bitpanda offers a user-friendly and secure platform to get started.

Intuitive platform

Our platform features a user-friendly interface that makes buying Cardano (ADA) simple for both beginners and experienced traders. With the Bitpanda app, you can conveniently trade cryptocurrencies and other assets on your smartphone.

Licenced and trustworthy

Bitpanda operates under strict regulatory guidelines and holds all necessary licenses for crypto brokers. Our business practices and holdings are regularly validated by external auditors. This ensures high security and transparency for every transaction.

Wide range of assets

At Bitpanda, you can invest in more than just cryptocurrencies. We offer over 3,000 different assets, including ETFs, CFDs, stocks, indices, and precious metals. Unlike other crypto exchanges, we guarantee stable prices based on the current market value.

Bitpanda wallet

Your Cardano (ADA) and other cryptocurrencies are securely stored in the wallet of your Bitpanda account. You can transfer your digital assets to an external wallet at any time.

24/7 customer support

If you have any questions or encounter issues while trading Cardano (ADA) or other assets, our customer support team is available 24/7 to assist.

Beginner-friendly products

Bitpanda offers products designed to help you start your crypto investment journey easily. With theBitpanda crypto indices, you can invest in a diversified portfolio of leading cryptocurrencies. The Bitpanda Savings plans allow for regular investments to build long-term wealth.

Forecasts predict a continuous increase in the Cardano (ADA) price due to the growing acceptance and use of cryptocurrencies. Those who invest early could benefit from long-term price appreciation.

The value of Cardano (ADA) can be affected by various factors, such as regulatory changes and global economic events. Therefore, it is essential to thoroughly research before investing. The following sections give an overview of the key events and factors impacting its price.

• The platform was created by Ethereum co-founder Charles Hoskinson in 2015

• The Cardano network is a development of the Ethereum platform and is referred to as the ‘third-generation blockchain’

• It is limited to a maximum of 45,000,000,000 ADA tokens

• Cardano (ADA) is one of the ten strongest cryptocurrencies measured by market capitalisation

Ethereum co-founder Charles Hoskinson released Cardano in 2015 after a dispute in the commercialisation of Ethereum. To create a better platform for trading and investing, Cardano works closely with tech companies EMURGO and Input Output Hong Kong (IOHK) to resolve common blockchain technology issues such as scalability, interoperability and sustainability.

To find out more about Cardano, pricing and how to buy ADA tokens, simply register online at Bitpanda and create a portfolio to start investing.

How does the Cardano (ADA) token work? 

ADA is based on the Proof of Stake validation process, which consumes about 99% less energy than mining on Proof of Work blockchains like Bitcoin.

Instead of mining (verifying transactions using high computing power and a lot of energy) transactions are confirmed by validators, a process known as minting.

Simply put, your ADA tokens are used as collateral to confirm transactions and create new tokens. The platform's transaction fees are paid with the Cardano blockchain's ADA cryptocurrency. 

Is Cardano (ADA) a coin or a token?

ADA is a token. Coins are viewed more as a currency or payment method, however tokens offer added value as digital assets. The difference is that coins do not need another platform to run, whereas tokens must be created on another platform.

Scientific methodology to develop the blockchain

The Cardano platform's development follows a scientific approach, using peer reviews to test potential changes for their impact. Current challenges include scalability, interoperability, and sustainability. With Proof of Stake validation, Cardano is much more energy-efficient than Bitcoin's conventional mining.

Continuous development relies on qualified research, systematic validation, and methodical implementation. Scientists worldwide collaborate to study Cardano's problems and functions, with independent experts testing and validating improvements.

Cardano in practice

The Cardano platform, like most blockchains, serves as a digital database.

Similarly to Ethereum, this network can also be used for smart contracts. These contracts are automatically executed when certain conditions are met, eliminating the need for an intermediary and allowing for smoother and more efficient transactions.

This process helps small to medium-sized companies save time and reduce costs.

Cardano price profit with direct and indirect investments

Money can be invested in Cardano or ADA tokens both directly and indirectly. 

Direct investments involve buying tokens that are stored in a wallet. The simplest method is through the web wallets on cryptocurrency platforms. The private and public keys, the access data to your purchased cryptocurrencies, are stored on the platform. The Bitpanda platform offers one way to invest in the Cardano price and buy ADA tokens in this way.

With an indirect investment, investors put their money into vehicles that reflect Cardano's price, such as exchange-traded notes (ETNs) or contracts for difference (CFDs).

Invest in Cardano (ADA) with Bitpanda

To balance out fluctuations in the Cardano price, experts advise regularly purchasing ADA tokens, a method known as the cost-average effect. Higher and lower prices are only proportionally included in the value of the entire investment and the average price increasingly reflects the average Cardano price with each additional investment.

The Bitpanda Savings plans offer one option for regular investments. Participants use ADA tokens to confirm transactions and generate new coins during the validation process of the Proof of Stake blockchain.

Bitpanda users can also benefit from this using Bitpanda staking. Here you’ll receive weekly rewards in the form of new tokens for holding certain cryptocurrencies, including Cardano. These new tokens are also rewarded, similar to the compound interest effect, and for holding Cardano or ADA tokens, you can receive rewards of 3-5%.

Are you interested in diversifying your crypto portfolio? Learn how to distribute capital and risk across different coins and tokens with Bitpanda crypto indices.

Key points about Cardano:

• Developed by Ethereum co-founder Charles Hoskinson in 2015

• The goal of the project, as stated in the Cardano whitepaper, is to solve central problems of blockchain technology

• Cardano is one of the ten most financially powerful cryptocurrencies

• Investors can invest directly in ADA tokens or indirectly in assets that track the Cardano price

• Cardano is virtually impossible to hack due to blockchain technology

• Cardano is significantly more energy efficient than Bitcoin due to its Proof of Stake validation process

• The maximum token limit of ADA is 45,000,000,000

• New tokens are created through minting

• Like Ethereum, it can also be used for smart contracts, increasing efficiency for small and medium-sized companies

• ADA tokens are named after the mathematician Ada Lovelace

Since the launch of the ADA token in 2017 many developments in the crypto scene have influenced its price.

As with all cryptocurrencies, the value is determined by supply and demand, and fluctuations in the Cardano price trend occur when either changes. Different factors can influence investors' interest in ADA tokens and cryptocurrencies overall.

Cardano appeared on the crypto market in 2017 and the market capitalisation (the total value of all ADA tokens in circulation) was 600 million USD. The price of an ADA token at launch was 0.02 USD.

In the same year, Cardano quickly increased its price and reached a market capitalisation of 10 billion USD, with each ADA token costing 1.31 USD.

At the beginning of 2018, Cardano briefly reached a market capitalisation of 33 billion USD, soon after it fell to 10 billion USD, reducing the price to 0.02 USD. 

The current all-time high was in September 2021 with a price of 3.10 USD per ADA token.

The key events and milestones of the ADA price chart are detailed below:

• 2017: 0.02 USD

• 2017: 1.31 USD

• 2018: 0.02 USD

• May 2021: 2.46 USD

• July 2021: 1.06 USD

• September 2021: 3.10 USD

• January 2022: 1.60 USD

• December 2022: 0.24 USD

• January 2023: 0.40 USD

The 2017 crypto hype and the following bear market

The Cardano price rose rapidly in the general crypto hype of 2017. After 96 days, it reached its all-time high of 1.31  USD. Due to the correction that began in 2018 and the bear market (a phase of falling prices for different assets in an asset class), the price dropped to 0.02  USD per ADA.

Increasing interest from corporations

After large investments by well-known corporations, interest rose in 2021 and the prices of multiple coins and tokens increased. The Cardano price chart reached 2.46  USD, it then fell to 1.06  USD during a short correction phase and then reached its annual high of 3.10  USD that September.

An uncertain climate: Inflation, bans and regulatory plans

Following the ban in China and announcements of government plans to control and regulate cryptocurrencies, a new bear market began. The war in Ukraine and a rising inflation rate with the FTX platform crash and the collapse of the Terra Blockchain also reduced interest in investments and Cardano (ADA) fell to 0.30 USD. In January 2023, however, the cryptocurrency was able to regain stability.

Cardano price predictions

As the Cardano blockchain’s functionality increases experts predict it will become a strong Ethereum competitor. Additionally, the interest of small and medium-sized companies in Cardano as a platform is also likely to increase. Another contender is Solana, already ahead of Cardano in market capitalisation.

Strong partnerships with IBM and the state of Georgia alongside projects in Africa indicate huge potential and overall, the Cardano price chart has significantly increased in value since its launch. However, past performance offers no indication of future Cardano price trends.

ESG (Environmental, Social, and Governance) regulations for crypto assets aim to address their environmental impact (e.g., energy-intensive mining), promote transparency, and ensure ethical governance practices to align the crypto industry with broader sustainability and societal goals. These regulations encourage compliance with standards that mitigate risks and foster trust in digital assets.