How to buy Cardano (ADA) at Bitvavo (2024)
It’s not hard to invest in Cardano (ADA) at Bitvavo! Cardano, like Ethereum, is a blockchain project on which smart contracts can be run. Cardano has quickly grown into one of the largest and most promising cryptocurrencies.
Where can you buy Cardano?
You can buy Cardano at a crypto exchange. I use Bitvavo for this: at Bitvavo you pay very low transaction fees (0.25% maximum), which enables you to book results with any amount. The great thing is that you now temporarily pay zero transaction fees on your first €10.000 worth of crypto transactions. Use the button below to open an account with Bitvavo right away:
How to buy Cardano with Bitvavo?
After creating an account, you only need to follow a few steps to buy Cardano (ADA). It is important to verify your account first: this is necessary because Bitvavo is registered with the Dutch Central Bank. Click here to read how this works.
Before you can buy ADA, you first need to deposit money into your account. At Bitvavo, you can invest as little as €1 in the cryptocurrency. Depositing can be done easily at Bitvavo via iDEAL or bank transfer.
Then navigate to the cryptocurrency ADA in the overview and select it. Here, you can enter the amount you want to buy Cardano for. After you have filled out the value, you just need to press the buy button.
Current price Cardano
In the chart below, you can see immediately at what price you can trade ADA.
What are the advantages of Cardano?
The Cardano blockchain is easily adaptable because it is layered. One layer is designed for tokens and one for smart contracts. This makes it easy to make adjustments with a soft fork without causing interruptions.
The developers have big plans for ADA: their vision is to provide access to financial services for millions of people who currently do not have access. They try to achieve this by paying attention to the applicable local rules and laws and following them closely. Do you believe in a bright future for Cardano? Then it might be interesting to buy the cryptocurrency ADA.
Is Cardano a good investment?
Whether ADA is a good investment is hard to say. Unfortunately, I can’t see into the future: if I could, cryptos would have made me a multimillionaire already.
In any case, ADA is a promising coin that has generated nice returns for many people. By buying ADA at different times, you can disregard the huge volatility and benefit from the average price movement of the cryptocurrency.
However, stay vigilant! Cardano is a very risky investment and there is always a chance that you will lose your entire deposit. Therefore, only deposit money on your Bitvavo account that you can afford to lose.
