Welcome to our guide on trading ADA, the native cryptocurrency of the Cardano blockchain! Cryptocurrency exchanges offer a convenient platform to buy, sell, and trade digital assets like ADA. In this guide, we'll explore some of the top exchanges where you can purchase ADA and provide insights into their features, fees, and pros and cons. Whether you're a seasoned trader or a newcomer to the world of crypto, this guide will help you navigate the process of acquiring ADA and transferring it to your preferred wallet for safekeeping.
Binance
As one of the world's largest exchanges, Binance offers a huge selection of cryptocurrencies with very competitive fees.
- Pro: Low fees (credit card 1.8%, 0% fee with Advcash or P2P).
- Con: Faces regulatory challenges in some regions.
- Transfer Fee: ~1 ADA
Coinbase
A publicly-listed company known for its user-friendly interface and high level of trust, making it great for beginners.
- Pro: High trust and security, easy to use.
- Con: Fees can be higher and less transparent than other platforms (includes a fee + spread).
Crypto.com
Offers a comprehensive ecosystem including an exchange, wallet, and crypto-backed Visa cards.
- Pro: Good benefits, such as no credit card fees for the first 30 days.
- Con: Standard credit card fees are high (2.99%).
- Transfer Fee: ~0.8 ADA
Kraken
One of the oldest and most respected exchanges, known for its strong security measures.
- Pro: High security and reliability.
- Con: Fees can be higher compared to other major exchanges.
Our Recommendation
For the best balance of low fees and high liquidity, we recommend using Binance. Here is a simple process:
- Add funds to Binance (P2P or Advcash can be fee-free).
- Buy ADA on the spot market.
- Transfer your ADA to a personal wallet like Yoroi or Eternl. See our guide on transferring from Binance.