Purchase Cardano in 5 Easy Steps
1. Pick a Cryptocurrency Exchange
An exchange helps facilitate buying and selling of cryptocurrencies, such as Bitcoin, Ethereum, and Cardano. We can buy Cardano from a couple of cryptocurrency exchanges below:
Cryptocurrency Exchanges (that have Cardano on it):
Note: Some of these are referral links that help support the pool. Thanks for your support!
2. Create an Account on the Exchange
We will need to pick an exchange platform and then create an account. Not every cryptocurrency exchange supports Cardano. For example, Coinbase added Cardano to their list of cryptocurrencies on March 19, 2021. You may want to consider which exchange based on their offering of different cryptocurrencies or user reviews. Keep in mind, BinanceUS is not related to Binance as it operates in US as a separate entity.
Once you've decided on an exchange, you can go through the process of creating an online account with the cryptocurrency exchange of your choice.
3. Verify Your Account (KYC)
KYC (Know Your Customer) is required by most brokerages and exchanges. You usually need to provide:
- - Full legal name
- - Current Address
- - Email address & phone number
- - Identification (i.e., driver's license and/or passport)
It may take some time for them to verify your account. We hope it doesn't take too long! If you run into any issues when trying to verify your account, it is recommended to reach out to their customer support.
PLEASE BE PATIENT & DO NOT SUBMIT MORE THAN ONE TICKET - this may cause an overload in their ticketing system and it will take even longer for customer support to get back to you.
4. Add a Payment Method
Once your account is verified, you can now make purchases on the exchange. To do that, we need to add a payment method. Most common payment methods include ACH or Wire Transfer.
5. Purchase Cardano (or other cryptocurrencies)!
Congratulations! You can now purchase Cardano and/or any other cryptocurrency that the exchanges offer.
RECOMMENDED: Set up Multi-Factor Authentication (MFA)
As a best practice in cryptocurrency, it is highly recommended to set up Multi-Factor Authentication (MFA) on your account. No one is responsible for your cryptocurrencies except yourself, and it is up to you to maintain that security. One of the benefits of being decentralized is being in full control of your own finances!
All MFA means is setting up additional forms of authentication which adds an extra layer of security. I can not stress how important it is to enable MFA as passwords can always be cracked or leaked. With MFA enabled, a hacker can not gain access to your account unless they have access to both your password and MFA.
Popular MFA Methods:
- - Google Authenticator (Google/Android App)
- - Authy (Google/Android/Desktop App)
- - Yubikey (Phyisical USB Key)