DeutschCardano is one of the best-known and largest cryptocurrencies on the market. Therefore, it is not surprising that more and more investors are asking where they can invest in Cardano.
Therefore, in this purchase guide, we will show you where you can trade ADA in Switzerland, as well as in Germany and Austria, and how best to invest in Cardano. We will also explain how you can easily buy Cardano with PayPal and what you should look for when choosing the best crypto exchange.
Where Can You Buy Cardano (ADA)? The Best Providers
First, we will give you an overview of the best providers to buy the cryptocurrency ADA.
Bitvavo, one of the leading exchanges from Europe (Netherlands) with a large selection of cryptocurrencies. PayPal deposit possible. Extra: 10 Euro bonus when registering via CoinPro.ch
Regulated provider from Austria - specializing in trading Bitcoin, Ethereum, stocks and many other assets.
CFDs and real stocks in a trading platform with free deposits and no conditions - that's XTB.
OKX is one of the largest crypto exchanges in the world and combines numerous functions such as a wallet, staking, futures, margin, and spot trading in a single platform.
With several hundred thousand customers worldwide, Binance is one of the top 10 largest and most well-known exchanges. The use of the exchange is free of charge, with fees only applying to the purchase and exchange of cryptocurrencies.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs.
What is Cardano?
Before we show you how to buy Cardano, we will give you a brief technical overview of the crypto protocol. The Cardano crypto system and the associated currency ADA are among the formats in the crypto industry that have unexpectedly developed into a kind of high-flyer, even for some experts. The rapid success manifested itself, among other things, in the fact that the cryptocurrency was able to secure a place in the leading group of digital currencies very quickly after its market launch. Within just three months of its introduction, the coin achieved an impressive price increase of well over 4,000 percent, rising into the top 10 of the most important coins on the market when trading on the leading cryptocurrencies.
Cardano is regarded by many industry experts as the blockchain-based platform of science. For good reason. Scientists (e.g. universities) are significantly involved in the development and constant optimization of Cardano technology. The background of Cardano includes the use and further development of various other previously existing blockchains. You can find detailed information in our basic article “What is Cardano?”
The focus is not only on user-friendliness and system performance. The aspect of application security is also at the heart of the blockchain on which the ADA currency is based. To describe the network, experts like to use the comparison with the second-largest cryptocurrency, Ethereum. In the past, the currency has not only attracted attention on the market with new technological milestones. The Cardano course has also experienced some impressive highs in recent years. In the last quarter of 2017, for example, a veritable fireworks display of prices began, which increased the market capitalization to more than three billion US dollars by the end of the year, more than four times the start of the rally. Where and how can investors buy Cardano? We shed light on the darkness. This is how you can become part of the community and participate in the development! But first, a little excursion into the technical aspects to shed some light on Cardano’s special features.
Where Can I Buy and Trade Cardano?
Even though there are now hundreds of providers where you can invest in ADA, we basically distinguish between two types of trading platforms for buying Cardano: crypto brokers and crypto exchanges.
Trading Cardano with a Broker
For beginners and users who do not want to use the cryptocurrency ADA technically, a broker should be best suited to buy Cardano. This is primarily because the user interface is much clearer with most brokers. A broker always offers you Cardano at a fixed price that can change every second. You always trade with the broker yourself and therefore do not buy the cryptocurrency directly from another user. Fees are usually not charged. Instead, there is a spread in the purchase or sale price, through which you indirectly pay fees if you buy Cardano from a broker.
If you buy Cardano from a broker, you also benefit from the fact that the broker takes care of the custody of the ADA coins. At the same time, this can also be a disadvantage if you want to use ADA technically.
Buy Cardano on a Crypto Exchange
For more experienced users, a crypto exchange is therefore better suited to invest in Cardano. On a crypto exchange, you trade with other users of the trading platform via an order book. Users of the crypto exchange can offer their Cardano coins for sale at a fixed price, while interested parties can simultaneously place so-called purchase orders. Numerous order types make it possible to pursue a much more sophisticated investment strategy.
The fees at the best crypto exchanges are usually less than 0.50 percent of the invested amount if you buy Cardano. Therefore, crypto exchanges are significantly cheaper than brokers who charge a spread of over one percent.
Efficient ADA Trading via CFD Brokers
We can also further subdivide the brokers. While there are crypto brokers like Bitpanda where you can buy real ADA coins, there are also so-called CFD brokers. If you do not want to rely on direct purchases, you are in good hands in the area of binary options and contracts for difference. With CFD trading, users speculate on price fluctuations and ultimately speculate on whether the ADA price will rise or fall – it is not about a direct purchase. Various instruments such as stops help with individual risk management. Cardano CFDs are ideal if crypto users do not want to invest larger sums in physical ADA coins. In addition, holdings do not have to be held long-term in order to participate in the developments. Contracts for Difference are a type of security with a 1:1 mapping of prices. Only without physical ownership.
Our Recommendation for CFD Trading with Cardano: XTB
The provider allows an account to be opened in just a few clicks and offers the most commonly used payment methods such as credit cards or Sepa transfers. Platform users can also trade Cardano and use various instruments. The operator also has a number of other cryptocurrency CFDs for price speculation in its portfolio.
CFDs and real stocks in a trading platform with free deposits and no conditions - that's XTB.
After the ADA Purchase: Store Cardano Safely
If you have decided to buy Cardano, you must take care to store your coins safely. If you have opted for CFDs or a purchase via a broker where you cannot send your ADA coins to your own wallet, this step is not necessary.
Otherwise, we advise all Cardano investors not to store their ADA coins on the crypto exchange. Instead, you should send your coins to your own hardware wallet. A hardware wallet is already available for well under 100 CHF. It is therefore particularly advisable to use your own wallet if the value of your coins is more than 30 euros
Tip from the Editors: Buy Cardano Directly and Trade via Bitvavo
The crypto exchange Bitvavo is based in the Netherlands and offers the highest security and regulatory standards. The platform is extremely functional, user-friendly and German-speaking. Users can buy and trade Cardano from 0.25 percent fees. With over 180 tradable cryptocurrencies, a very beginner-friendly design and many different deposit methods, Bitvavo is ideal for beginners and experienced users alike. You will also receive a bonus of 10 euros if you register with CoinPro via the button. This also applies to users from Switzerland.
Bitvavo, one of the leading exchanges from Europe (Netherlands) with a large selection of cryptocurrencies. PayPal deposit possible. Extra: 10 Euro bonus when registering via CoinPro.ch
Conclusion: this is What You should Know about Buying Cardano
In the end, it is always a question of your own risk profile when it comes to investing in Cardano. Even though Cardano is seen as a promising crypto protocol, there is always the risk of total loss. You should not forget this with any investment in cryptocurrencies. Therefore, only invest money in Cardano that you are prepared to lose.
Otherwise, you can save real money by comparing the best crypto exchanges before you invest in Cardano. It is also useful to take a look at our Cardano price forecast.
Frequently Asked Questions about Buying Cardano (ADA)
To buy Cardano with PayPal, you need an account with the Bitvavo crypto exchange. Bitvavo is currently the only German-language crypto exchange where you can invest in ADA with PayPal. There is a deposit fee of 2 percent. Alternatively, you can deposit for free with PayPal at Plus500 and
Nowadays, brokers and exchanges offer numerous ways to make a deposit for the purchase of Cardano. To buy/sell Cardano (ADA) without a credit card, you can choose between numerous trading platforms such as Plus500, Bitvavo or Bitpanda.
Cardano competes with other popular crypto protocols such as Solana, Ethereum or Polkadot. That's why it's not that easy to create a Cardano forecast that gives you clarity about the cryptocurrency's price trend. In the end, it is a speculation when you invest in ADA. If you assume that Cardano will continue to play an important role in the crypto sector in the future, the ADA price could also benefit from this development.
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