Cardano (ADA) is a cryptocurrency that is stakable, that is faster and has lower transaction fees than any other top coin, like ETH. It’s designed as an ETH killer by Charles Hoskinson who worked on Etherium in the beginning, but didn’t like the project so he founded the Cardano Foundation.
With Cardano (ADA) staking you can earn from 4% to 16% staking rewards, depending on which pool or exchange you will stake it. A recommended wallet for staking Cardano (ADA) is Daedalus, an official wallet by the Cardano Foundation.
How to buy Cardano (ADA)
Here is a step by step tutorial to buy Cardano (ADA). Since Cardano is not available on some cryptocurrencies exchanges, we will first need to buy BTC, ETH or LTC on Coinbase, then we will send it to an exchange that supports Cardano and exchange our BTC/ETH/LTC to ADA.
At the moment of writing, Binance is the largest exchange to buy Cardano (ADA). But, since Coinbase is friendly for newbies, we will also cover how you can use Coinbase to buy crypto with fiat and then trade it on Binance so that you save on fees.
Step #1 – Get over $100 from Coinbase. Use Coinbase to buy Crypto with FIAT and get FREE $10 when you buy $100 or more worth of crypto and you can earn over $100 from Coinbase Earn.
You can learn how to get $10 on registration and additionally over $100 in crypto on Coinbase. Just click here to read our guide. You can also click on this link to learn more about their program. https://cryptocurrencywatchgroup.com/how-to-get-over-100-worth-of-crypto-on-coinbase-with-coinbase-earn/
Coinbase and their Coinbase Earn program is great for newbies and they will teach you what crypto is, you will watch videos and they will get you an award once you take a test. By signing up through this link you will get $10 and you qualify for over $100 in earnings from Coinbase Earn.
Sign up for Coinbase, download their App if you are on a phone and make sure to use real details on registration. Once you have registered and verified your account and e-mail address, you can add your credit card or bank account details. There is a $750 weekly purchase limit for newly created accounts. You can use this link to purchase crypto and you will receive $10 for free on your Coinbase account once you buy over $100 in crypto. Use this link to sign up and get your free $10 on Coinbase!
Step #2 – Purchasing Crypto with FIAT on Coinbase
You now need to purchase BTC/ETH/LTC on Coinbase, pick if you are going to pay with a credit card or bank account (lower fees) and you will see a preview & the fees. Click on buy! You will see the amount in your account.
Step #3 – Sending your Crypto from Coinbase to a supported exchange where you can exchange for Cardano (ADA)
Here is an official guide on how to do this by Coinbase.
We recommend sending your crypto to Binance and starting a trade there. Sign up for a binance account, verify it with all real details and transfer your crypto in there.
Once you have sent your crypto from Coinbase to Binance, you can use your wallet to exchange your coins to anything, including Cardano (ADA). There will be a short preview of this, so just click accept if the current rates work for you.
Cardano (ADA) Investment done!
You can now proceed to stake Cardano (ADA) and earn passive income. HODL and never do panic sells so that you don’t lose your investment.