How to buy Cardano (ADA) from the USA

By   |   Verified by Andrew Boyd   |   Updated 8th March 2022

  • Cardano is a secure, scalable, and sustainable blockchain platform.
  • Cardano uses a Proof of Stake (PoS) protocol which is more energy-efficient and cannot be mined like cryptocurrencies using a Proof of Work (PoW) protocol.
  • Cardano’s digital currency ADA can be purchased on any Cardano-supported crypto exchange.

If you are interested in buying Cardano (ADA) from the USA, the easiest way to buy is with a crypto exchange where Cardano is listed.

This is a step-by-step guide for where and how Americans can buy Cardano today.

Where to buy Cardano

eToro Crypto

On eToro's website

eToro USA LLC; Investments are subject to market risk, including the possible loss of principal. Archived, "Virtual currencies are highly volatile. Your capital is at risk."

eToro Crypto

Highlights

  • Trade and stake a range of crypto assets with low fees.
  • Copy successful traders. Practice with a demo account.
  • eToro is regulated by CySec, FCA and ASIC.
Crypto.com

On Crypto.com's website

Crypto.com

Highlights

  • Earn up to 8.5% p.a. on your crypto, and up to 14% p.a. for stablecoins.
  • Spend with the Crypto.com Visa Card and get up to 8% back.
  • Shop with Crypto.com Pay and receive up to 10% back, paid in CRO.
Gemini Exchange

On Gemini's website

Gemini Exchange

Highlights

  • Gemini Exchange makes it simple to research the crypto market, buy bitcoin and other cryptos, and build a portfolio for the future of money.
  • Set recurring buys and dynamic price alerts.
  • All crypto held online in Gemini's exchange wallet is insured and it uses the best-in-industry cold storage coverage with leading insurance providers.
Coinbase

On Coinbase's website

Highlights

  • Get $5 in Bitcoin after your first trade on Coinbase.
  • Buy and sell popular digital currencies, keep track of them in the one place.
  • Invest in cryptocurrency slowly over time by scheduling buys daily, weekly, or monthly.
  • Maintains crypto-insurance and all USD cash balances are covered by FDIC insurance, up to a maximum of $250,000.
Uphold Crypto

On Uphold's website

Uphold Crypto

Highlights

  • Sign up on or before 5 June 2022 and get a chance to win 1 whole BTC when you deposit and trade at least $250. This promotion is for new US users only. T&Cs apply.
  • Invest in 130+ coins including the majors, altcoins, and stablecoins with 0% commission.
  • Ability to trade crypto against other assets like foreign currency and commodities.
  • Stake a range of coins with competitive yields.
KuCoin

On KuCoin's website

KuCoin

Highlights

  • Safe and rapid Bitcoin purchase.
  • Multiple order types for all kinds of risk appetite.
  • Sign up and get a welcome gift.

Step 1: Find an exchange that sells Cardano

Since Cardano is among the most popular coins, lots of the top cryptocurrency exchanges offer it. If you're comparing crypto exchanges where you can buy Cardano, the most important factors to consider are security and charges.

Step 2: Set up and verify your account

Before you are able to purchase Cardano with an exchange, you must first create an account and then verify your identity for regulation and security. This is a simple procedure that takes only a few minutes to complete. Most likely, you'll need to supply your name, birth date, your country of residence, and a phone number. You might also be required to provide further proof of identification such as a copy of your driving license, passport, or other government-issued ID.

Step 3: Transfer funds

You can add funds to your account in a variety of ways. You can deposit fiat currency (USD) from your bank account, credit or debit card, PayPal, etc. It might take a few days for cash to be cleared. You can also fund your account with crypto. Some exchanges require a minimum deposit.

Step 4: Decide how much to invest

It is important to set a firm budget for how much to invest in Cardano. Since the value of Cardano can be volatile, you should only invest what you can afford to lose.

Step 5: Purchase Cardano

Once your account has been verified and funded, you can buy Cardano. Depending on the exchange you select, you might be able to create a recurring order and automatically buy more Cardano on a regular basis. Some exchanges offer the option of using stops and limits.

Where to store your Cardano

When it comes to storing your Cardano, you have a multitude of options including your exchange wallet, Cardano wallets, and other third-party wallets.

If you want anytime access, you should store your ADA in a hot wallet. However, if you don't require frequent access, consider storing your coins in a cold wallet for greater security.