Investing in the cryptocurrency space can be challenging, considering the market is highly volatile. You need the right approach and be strategic to maximise your profit potential. Cardano is one of the crypto assets investors look to put their money into. If you are new to this space, we help you understand how to efficiently buy Cardano. Plus, we recommend the top cryptocurrency brokers to consider and give you a brief history of Cardano to ensure you are fully prepared to make your first investment.
In this guide
Top Brokers for Buying Cardano
To effectively buy Cardano in the UK, you need the best cryptocurrency broker or exchange. Being the best means, it should suit your investment needs so you can enjoy your experience while maximising your profit potential. You should also be able to use the broker to trade ADA as CFDs or invest in its stocks.
Unfortunately, there are numerous cryptocurrency brokers and exchanges in the UK, making it challenging for newbies to select the best. For this reason, our professional researchers conducted market research for the best brokers, so you do not have to. After running multiple tests and comparisons, below are the best three you should consider buying Cardano with.
1. eToro
eToro is one of the most popular brokers due to its cutting-edge features that give users a worthwhile experience. For instance, eToro is user-friendly with an intuitive design platform. Since eToro hosts additional trading securities, investors can easily diversify their investment portfolios, thus limiting their chances of incurring massive losses.
Note that eToro’s account sign-up procedure is pretty straightforward, and you only need to deposit at least £50 to get started. Deposits are free, and you can also benefit from its in-built crypto wallet to secure your purchased tokens. If you are a newbie, the broker hosts plenty of learning resources for skills development.
Disclaimer: eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.
✔Low minimum to fund an account and begin investing
- Low minimum deposit requirement
- Over 30 cryptocurrencies offered plus additional asset classes such as forex, stocks, commodities, etc
- In-built crypto wallet provided to store Cardano
- Highly rated social and copy trading platforms
- High Cardano trading fees
- Withdrawal charges apply
| Types | Fee |
| Minimum Deposit | $100 |
| Conversion Fee | depends on your payment method, currency, and eToro Club level. |
| Overnight Fee | vary according to the value and direction (BUY or SELL) of your position |
| Withdrawal Fee | all withdrawal requests are subject to a $5 USD fee |
| Inactivity Fee | monthly inactivity fee of $10 USD (charged after 12 months) |
2. IG Markets
IG Markets is another broker listing Cardano and additional cryptocurrencies to diversify your portfolio with. However, you can only trade the asset as CFD since the broker doesn’t allow users to purchase the asset and take complete ownership. Plus, you can also use IG Markets to trade additional asset classes, including stocks, commodities, forex, etc. Like eToro, IG Markets users get to enjoy a social trading platform that connects like-minded traders to share various ideas that might benefit their activities.
Note that IG Markets has a minimum deposit requirement of £300, which can inconvenience low-budget traders. Its trading charges are also high but expect to enjoy quality trading resources for strategy development. It also has an IG Academy that hosts plenty of learning resources for skills development. For experienced traders, you can explore advanced platforms, including the MT4, ProRealTime, and L-2 Dealer.
✔ Leading broker with low fees
- Advanced trading platforms and resources provided for maximum experience and potential
- Plenty of learning resources for skills development
- Over 17,000+ additional trading securities offered for portfolio diversification
- User-friendly platform with an intuitive design
- High minimum deposit requirement and fees
- You can only trade Cardano as CFDs
| Type | Fee |
| Minimum account | £250 for card payments and PayPal |
| Opening an account | £0 |
| Overnight funding | yes (depends on market) |
| Withdrawal fee | £0 |
| Inactivity fee | £12 per month after 2 years of inactivity |
| Advanced graphs (ProRealTime) | £30 per months |
How to Buy* Cardano With eToro
As mentioned earlier, the process involved in buying Cardano is pretty straightforward. As a beginner, you probably want to be familiar with the procedures so you can be confident in creating an account and diving straight in. Fortunately, we take you through the simple guidelines for buying Cardano using an FCA-regulated broker. However, we use eToro as an example for better understanding.
You need an account with eToro to buy Cardano. Therefore, you must visit its website to create one and kickstart your investment ventures. We help you gain quick access to eToro’s platform by sharing links on this page.
Remember, start by reading and understanding the broker’s terms and conditions before creating an investment account. Plus, consider installing its trading app from Google Play or the App Store on your mobile device to manage your activities on the go.
Once you are comfortable with eToro’s investment conditions, click “join now” and start the registration procedure. Here, you will share your personal details, including your name, email, date of birth, source of income, etc. Plus, eToro requires that you create a username and password to secure your investment account against unauthorised access.
eToro will then require you to verify your location and identity before fully activating your account. This is a standard protocol laid down by the FCA to ensure all investment platforms remain safe from fraudsters. Therefore, you will share copies of your documents, including your identity card, passport, or driver’s license to verify your identity. For location verification, you will share a copy of a recent utility bill or bank statement.
Besides verifying your identity and location, you will also participate in a questionnaire and margin trading tests. This way, eToro will easily choose the best trading package and leverage limit that suits your skill level.
Once your account is fully activated, eToro will send you an email notification. At this point, you can deposit at least £50 per its requirements to access Cardano. Note that deposits are free with eToro, and you can transact using various payment methods, including credit/debit card, e-wallet, or bank transfer.
Your deposit will be automatically confirmed by eToro, after which you will be redirected to the broker’s platform, where Cardano and other assets are listed. You will identify Cardano under the symbol ADA and complete your purchase.
*Don’t invest in crypto assets unless you’re prepared to lose all the money you invest.
Tips on How to Choose the Best Stock Broker to Buy Cardano
When engaging with cryptocurrencies, it’s crucial to recognise that these digital assets are characterised by their extreme volatility and speculative nature. This can result in swift and substantial price fluctuations. To safeguard your crypto holdings, it is imperative to utilise reputable wallets and exchanges, prioritising the security of your investments.
Also, exercise vigilance and due diligence to guard against crypto-related scams and fraudulent schemes that can potentially threaten your financial well-being. You can also spread your investments across multiple digital tokens and avoid making decisions based on emotions.
When looking to buy Cardano, the first thing to consider is finding a reliable and credible cryptocurrency broker hosting the ADA coin. The above three brokers host the asset for purchasing or trading as CFDs. However, should they not suit your investment or trading needs and you decide to conduct research on your own. In this case, here are the essential elements to consider in your hunt.
Your funds’ safety should be of utmost importance when looking for the best stock broker to buy Cardano. While there are legitimate stock brokers in the UK, there are also fraudulent ones looking to scam you of your hard-earned money. Therefore, to ensure you select a secure broker, confirm whether they are licensed and regulated by the Financial Conduct Authority (FCA). With an FCA-regulated broker, you also enjoy the best trading conditions that maximise your experience.
Every broker has its own fees or charges for investment services. As a Cardano investor, you must compare the brokers’ fees to choose the one that fits your budget. This way, you do not overspend and exhaust your nest egg. Remember, investing in Cardano or any other financial asset is risky, meaning while you can earn profits, losses are inevitable.
The best stock broker for buying Cardano must be user-friendly and have a modern design for you to enjoy your experience. It should also host adequate trading resources that suit your skill level so you can easily analyse the market and strategise. For beginners, consider a Cardano broker with numerous learning resources and a demo account to gauge your skill level before investing real money.
Obviously, you want a stock broker that hosts Cardano for trading or purchase. While confirming whether a broker hosts the asset, ensure you also consider the availability of additional asset classes for portfolio diversification. These include additional cryptocurrencies, forex, stocks, commodities, etc. If you are an investor looking to take short-term positions, confirm whether the broker allows you to trade Cardano as CFDs.
Many investors, especially newbies, overlook this element and end up experiencing challenges later on while fully invested with a broker. Choosing a broker with reliable and dedicated support services guarantees relevant solutions to the investment challenges you might experience. However, note that brokers’ support service availability varies. While some operate 24/7, others are only available five days a week. You should also confirm the communication channels supported, whether by phone, email, or live chat.
It is crucial to analyse other users’ opinions regarding their experiences with brokers to make the best choice. Remember, all brokers have their strengths and pitfalls, and becoming familiar with their features enables you to decide whether they are worth investing with. Therefore, visit Google Play, the App Store, and Trustpilot to sample as many comments and ratings as possible.
Cardano Price Today
Cardano’s price is not always stable since it fluctuates with demand and supply. Therefore, it is crucial to always stay abreast with the asset’s current value to easily strategise and identify the best entry and exit points. To simplify things for you, we share below a live chart indicating Cardano’s current price. With the chart, you also get an opportunity to review the asset’s historical price and easily predict its future value. Remember, having Cardano’s accurate value doesn’t guarantee a successful investment. You still need to conduct a thorough market analysis for maximum potential.
About Cardano
Launched in 2015 by Jeremy Wood and Ethereum’s co-founder Charles Hoskinson, Cardano is a programmable blockchain ecosystem developers use to build decentralised applications. The program aims to solve some of the issues Ethereum experiences to ensure all transactions are streamlined. For instance, the Cardano blockchain strives to improve transaction processing speed and reduce costs users incur. Plus, it aims to solve the high energy output issue that raises environmental concerns.
So far, Cardano is one of the most energy-efficient blockchains globally and continues to grow by handling over 50,000 transactions daily. Its own cryptocurrency token, launched in 2017, is considered one of the top crypto tokens by market capitalisation. You can purchase or trade using cryptocurrency brokers or exchanges under the ticker ADA. The blockchain continues to power innovation across various industries using smart contract technology.
FAQs
You can buy Cardano from a reliable and credible cryptocurrency broker listing the asset. Above, we recommend the top three brokers to consider based on thorough market analysis, tests, and comparison. Ensure you select the one meeting your investment requirements for a worthwhile experience.
It’s challenging to buy Cardano directly from the provider. However, you can easily purchase the asset through cryptocurrency brokers or exchanges using various payment methods, including debit/credit cards, e-wallets, or bank transfers. Plus, you need the best crypto wallet to secure your asset once purchased.
Yes. We believe Cardano is a good investment since it is one of the top 10 cryptocurrencies by market capitalisation. However, you must be dedicated to market research and analysis for maximum potential.
Although Cardano’s value has been increasing since its IPO, it always fluctuates, making it challenging for investors to determine its accurate value. The asset’s all-time high value was $3.10 in 2021.
Conclusion
Cardano strives to challenge Ethereum and become a leading smart contract platform. Its coin ADA is one of the best in the market with growth potential, making it an excellent investment tool. However, you must conduct a thorough market analysis before putting your money in Cardano. Remember, the cryptocurrency space is highly volatile, and you can lose your money without full commitment and dedication. That being said, take advantage of our recommended cryptocurrency brokers above to explore the crypto market using the Cardano token.
