How to Buy Cardano

(ADA)

What is Cardano (ADA)?

Cardano was launched in September 2017 by Ethereum co-founder Charles Hoskinson and has quickly become the flag-bearer of third-gen blockchains. Cardano's goal is to build a highly scalable and energy-efficient, smart contract platform. Cardano's underlying consensus mechanism is Ouroboros – an algorithm that's peer-reviewed by researchers from the University of Edinburgh, Tokyo University, and other institutions.

Cardano is maintained by IOHK and The Cardano Foundation by a team that's well-known in the community for being academics and programming experts. Cardano consistently ranks as one of the most productive projects, when it comes to dev activity. The native token of the ecosystem, ADA, is used for staking and paying transaction fees.

What can you do with Cardano?

Hold Cardano

Many people buy ADA for profit expectations and benefit from the long-term gains. If you do have a "buy-and-hold" strategy, then we recommend transferring your coins to a cold hardware wallet like Ledger Nano. Having said that, CoinSmart has taken several security measures to ensure user fund protection. These include – mandatory 2FA, withdrawal confirmation emails, cold storage & BitGo user funds insurance.

Buy/Sell/Trade Cardano

Buy and Sell ADA with ease on CoinSmart. You can also use our SmartTrade to swap ADA with other cryptocurrencies in one simple step.

Stake and Earn Cardano

Delegate your ADA to a Cardano staking pool and participate indirectly in the Ouroboros consensus algorithm. Earn ADA staking rewards on autopilot.

Send Cardano

Two parties can easily send ADA to each other irrespective of their geolocation, provided they have a compatible wallet.

Participate in DeFi

Cardano has a growing DeFi ecosystem since smart contracts have been greenlit by the Alonzo upgrade. Provide liquidity in various pools and earn rewards.

Spend Cardano, Buy cNFTs

You can use the ADA tokens as a pure payment token with vendors and merchants who accept them. You can even buy Cardano NFTs (cNFTs) from various marketplaces with ADA.

GetSmart About Cardano

You can read our series of in-depth articles on Cardano and learn how it works on CoinSmart's GetSmart Hub.

Steps to Buying Cardano

Purchase Cardano with Credit Card

With CoinSmart you can instantly fund your account with your credit card (up to 6% fees) and make your trades.

Purchase Cardano with Bank Transfer

Use bank wire transfer, bank draft, and Interac e transfer to instantly fund your account on the very same day and buy ADA.

Purchase Cardano with Other Cryptos

Use SmartTrade to convert one of your other cryptos to ADA in one step. SmartTrade allows you to instantly buy and sell Cardano and other cryptocurrencies.

Why Buy ADA
on Coinsmart?

Trade safely with our powerful security

CoinSmart utilizes world-class cybersecurity practices to ensure that your funds are always safe. Our funds are insured by BitGo, to guarantee protection in the unlikely event of a hack. User accounts and withdrawals are further kept secure via Google 2FA and Email Withdrawal Confirmations.

Jargon-free,
Complication-Free

CoinSmart is the perfect starting point if you are new to crypto, thanks to its 24X7 client service and jargon-free approach. Everything in our interface is straightforward. Extra care has been taken to ensure simplicity in each and every step.

ADA Trading Now In Your Pocket

CoinSmart gives you on-the-go access to ADA and other popular cryptocurrencies. The intuitive mobile app simplifies the digital asset buying, selling, and trading process. The app is available on both Android and IOS.

Made with <3 in Canada

CoinSmart is proudly Canadian. We want to create the ideal crypto platform for our users in Canada, Europe, and beyond. To provide a safe environment for our users, CoinSmart has worked closely with the Ontario Securities Commission (OSC) to obtain the license as a restricted dealer. In simple terms, we are legally obliged to operate transparently and ethically.

About Coinsmart

Regulation First

CoinSmart is working closely with regulators, being a publicly-traded company. Currently, we are obtaining licenses for jurisdictions around the world to work hand-in-hand with regulators. Regulated, centralized exchanges with a fiat on-ramp are necessary for the future growth of the ecosystem.

Commitment to Transparency

CoinSmart is required by law to adhere to strict principles of fund transparency. CoinSmart’s financial reports are regularly published on both our website and SEDAR. Users can easily keep track of any and all operational expenses.

A Powerhouse Team

CoinSmart is led by a fantastic group of individuals and a board of directors. The three co-founders have previous experience in successfully founding and running startups. The board includes a “Top 40 Under 40” recipient, a founding member of the “Women General Counsel Canada” (WGCC), and the SVP of a multi-billion dollar company.

CoinSmart
Reviews &
Testimonials

“The Coinsmart staff has been very helpful and assisted me when I had any issues. They answered all my questions and resolved any problems that I encountered! This has been a great support as a newbie in this space.”

– Al Torjdamn

“Very impressed that I got live customer support at 2 AM! They were very helpful and even told me about some new features coming to CoinSmart. I will recommend CoinSmart to all my friends. Keep up the great work!”

– Hayley

“I use CoinSmart as my primary exchange. It’s got a nice layout, it’s easy to navigate, the verification process was quick and easy and I was able to fund my count without issues afterward. I had a couple of questions and they were very informative in answering them. The customer support even reminded me of their referral options which have ended making me a little extra cash to play with.”

– Brandyn Funk