How to Buy Cardano (ADA) - A Step-by-Step Guide

Cardano’s blockchain has two layers, and buying ADA allows you to interact with both of them. The first, the Cardano Settlement Layer is where transactions with ADA take place and you can use it to send or receive payments. The second, the Cardano Computation Layer, is where smart contracts are hosted and ADA is used to operate the network.

Those who invest in ADA do so to be involved in Cardano’s governance and so they can stake their holdings and earn a return on their investment

1. Sign up or create an account: Get instantly verified with Ndax's streamlined verification process.
2. Fund your account with Canadian dollars: You have the option to fund your account with fiat currencies using Interac e-transfer, Wire Transfer, or a Bank Draft.
3. Invest in ADA: ADA is highly divisible, so you can buy small amounts to get started. Trade CAD to ADA with as little as $1 and with low trading fees of 0.2%.

After investing in Cardano, the next step is to store your Cardano in a secure cryptocurrency wallet. Depending on your own needs, investment amount, and preferences, you can keep your Cardano on a trading platform, a physical hardware wallet, or a software wallet.

You are free to transfer your Cardano to a private wallet from Ndax. However, if you decide to store your Cardano in your Ndax wallet, we have all the security measures in place to keep your Cardano safe and secure.

LEARN MORE

• Pay for Goods and Services: Online stores, merchants, restaurants, and retail environments continue to adopt ADA and other cryptocurrencies as a means of payment.
• Invest and Trade: On our trading platform, ADA can be traded directly with the Canadian dollar. You can also easily view and track your trading activity, performance, growth, and profits.
• Use as a Store of Value: Investors are using ADA as a store of value.

• We take the fear out of trading: Ndax’s security standards are among the highest in the Canadian FinTech industry. Ndax holds the majority of digital assets offline in cold storage protected by multi-signature technology, provided by Ledger Vault, the global leader in security and infrastructure solutions for cryptocurrencies. Hot wallets are protected by Multi-Party Computation (MPC) technology recognized by industry experts.
• Grow your portfolio with Ndax’s recurring purchase feature: Set Cardano recurring purchases to automatically buy ADA to CAD each day, week, or month. Set regular purchases as low as $10.

Download the Ndax mobile app to fund your account and start trading on-the-go from any iOS or Android device.

Download Ndax mobile app:

Google Play

App Store

The cryptocurrency market is volatile. Avoid missing out on trades by using Ndax’s unique trading options:

• Limit Order: Buy or sell orders executed at a specific price.
• Stop order: Order to buy or sell once a cryptocurrency reaches a specific price point.
• Trailing stop market order: An order that can be set at a specific dollar amount away from a cryptocurrency’s last price, bid, or ask.
• Trailing stop limit order: Limit buy or sell orders triggered once a cryptocurrency touches a trailing amount set by the user.
• Fill or kill (FOK) order: Trade that executes immediately and entirely at a certain price, but if it cannot fill the entire order immediately, it will be canceled entirely.
• Immediate or cancel order (IOC): Trade that executes immediately and cancels any unfilled portions of the order.
• Reserve order (Iceberg Order): A large trade is divided into multiple limit orders. The orders are split into visible and concealed amounts.

LEARN MORE

Start trading on Ndax today. Experience seamless transactions, top-notch security, and unparalleled support.

START NOW