How To Buy Cardano (ADA) Coin?
If you are looking for where to buy ADA coin, we will show you how to buy Cardano for another cryptocurrency using the StealthEX exchange platform. StealthEX is a convenient and user-friendly cryptocurrency exchange.
What Is Cardano Blockchain?
Cardano is a multilayered PoS blockchain platform for building decentralized applications. The platform which is aimed at creating a flexible and interoperable variety of programmable money using scientific methods based on mathematical proof and game theory is named after a famous Italian Renaissance mathematician and gambling enthusiast Gerolamo Cardano.
The co-founders of Cardano are mathematician and entrepreneur Charles Hoskinson and the former CEO of the Ethereum Foundation Jeremy Wood. The Cardano platform officially launched on September 29, 2017. Token trading started on October 1, 2017. Cardano Foundation is a non-profit organization responsible for standardization, protection and promotion of the Cardano Protocol technology.
Currently, Cardano uses the UTXO model, also used in Bitcoin. The Cardano Shelley era also allows the use of an account model (similar to EOS and Ethereum). Addresses of this format are used for calculating awards. Cardano takes advantage of both models.
Cardano Ouroboros protocol is a consensus algorithm that can become the foundation for a more reliable and scalable blockchain and a significant increase in transaction speed. Ouroboros Classic was the first iteration of the Ouroboros protocol, published in 2017. It laid the foundation for the protocol’s future role as an energy-efficient competitor to Proof-of-Work, provided the mathematical basis for Proof-of-Stake analysis, and introduced an innovative incentive mechanism for participants within the Proof-of-Stake analysis protocol.
What Is Cardano (ADA) Coin?
Cardano’s internal cryptocurrency is called ADA, it is a digital coin that can be used to store value or send and receive funds
Is Cardano A Good Investment?
While the entire cryptocurrency and blockchain ecosystem grew during 2020, Cardano became one of the biggest winners of 2020, when the ADA gained more than 600% of the value as the project progressed and reached the Shelley era. Consequently, analytics have quite positive price predictions for Cardano cryptocurrency.
WalletInvestor predicts that Cardano will trade in the range of $0.10 and $0.50 in 2021.
According to CoinSwitch Cardano price prediction 2025, ADA crypto price will rise as high as $3 by 2025.
According to Crypto-rating.com, Cardano value will rise to $10 per coin by 2030.
Where To Buy ADA Coin?
To buy ADA coin, know what is the current price of Cardano, Cardano price prediction, and read about the future of Cardano, use StealthEX. It provides fast transactions and allows users to choose from hundreds of digital tokens.
How To Buy Cardano?
You can study a detailed article with an exchange guide on our YouTube channel or just go to StealthEX and follow these easy steps. Let’s imagine you want to exchange Ethereum to Cardano. To make an exchange, you need to take a few simple steps:
First, you should choose Ethereum in the left drop-down list. Then choose ADA coin in the right list of coins.
After setting the pair it is necessary to enter the amount of ETH you want to exchange.
Here you will see the estimated amount of ADA coin that you will receive after the exchange.
Now when everything is set for the exchange, press the START EXCHANGE button and you will be taken to the next page.
As the second step, you need to provide the Cardano coin recipient address. The recipient address must match the cryptocurrency you are going to receive. Remember to double-check the information you enter prior to the exchange as the transaction you make cannot be canceled.
As soon as you have carefully checked all the details, you can press the NEXT button and you will be redirected to the CONFIRMATION page with the information about the exchange.
Pressing the NEXT button you will be redirected to the EXCHANGE page.
At first, you will see the address where you need to send your ETH coin to continue the exchange. StealthEX will also provide you with the exchange ID. It will allow you to keep all the information about the swap. It is recommended to save your exchange ID or the link to your exchange.
After sending Ethereum to the shown address, the information on the EXCHANGE page will be renewed automatically. The EXCHANGE page has several statuses that will change during the time of the exchange.
- The first status is Awaiting deposit.
- The following status is Confirming. This means that StealthEX is confirming the transaction you made.
- The next status is Exchanging. During this time the exchange is being made.
- Then the status will be changed to Sending to your wallet. This indicates that there are just a few minutes left until you will receive your ADA coin.
Finally, you will be redirected to the FINISH page. This shows that the exchange has been successfully made and you will receive Cardano crypto to the address provided. To be sure that ADA token was sent to your wallet you can also use the Output hash shown on this page and check it in the Cardano blockchain list of transactions.
From here you can either create a new exchange on StealthEX.io or leave the page and check your Cardano wallet to be surprised at how fast you got ADA coin. Usually, the process is quite rapid so you won’t need to wait long.
If you have remaining questions about the StealthEX exchange service you can go to our FAQ section and find all the necessary information there.
We are always ready to give you support if you have any issues with exchanging coins. Our team does our best to protect all members and answer their questions. For all requests message us via [email protected]
You are more than welcome to visit StealthEX exchange and see how fast and convenient it is.
April 6, 2021