Use cryptocurrency exchange to buy ADA and afterwards transfer it into your a wallet.
Welcome to our guide on trading ADA, the native cryptocurrency of the Cardano blockchain! Cryptocurrency exchanges offer a convenient platform to buy, sell, and trade digital assets like ADA. In this guide, we'll explore some of the top exchanges where you can purchase ADA and provide insights into their features, fees, and pros and cons. Whether you're a seasoned trader or a newcomer to the world of crypto, this guide will help you navigate the process of acquiring ADA and transferring it to your preferred wallet for safekeeping.
Buy from Binance.com
1. Register and sign-in to Binance.com
2. Various options like bank transfer, p2p, or credit card
Pro: low fees (credit card 1.8%, 0% fee with advcash or p2p)
Con: regulation challenges
Transfer Fee: 1 ADA
Buy from Coinbase.com
1. Register and sign-in to Coinbase.com
2. Various options like bank transfer or credit card
Pro: public listed, high trust
Con: high and unclear fees (fee + spread)
Buy from Crypto.com
1. Register and sign-in to Crypto.com
2. Various options like bank transfer or credit card
Pro: good benefits e.g. first 30 days no credit card fee
Con: high fees (credit card 2.99%)
Transfer Fee: 0,8 ADA
Buy from Kraken.com
1. Register and sign-in to Kraken.com
2. Various options like bank transfer or credit card
Pro: high security
Con: high fees
Afterwards transfer your crypto into your wallet. For
example from Binance to Yoroi Wallet.
In summary - Our recommendation:
1. Add funds to Binance.com (0 fee)
2. Buy crypto (such as ADA) via Binance.com (0 fee)
3. Transfer ADA from Binanace (Exchange) to your Yoroi app (light wallet) as described here (1 ADA fee)
