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How To Buy Cardano UK - Buy Cardano In Under 5 Minutes
We often refer to Cardano as a third-generation blockchain, following Bitcoin and Ethereum. If you live in the UK and are looking for some of the attractive capabilities offered by digital tokens, but with lower fees – ADA coins could be the right investment for you. At the time of writing, this asset is amongst the top five cryptocurrencies by market capitalization!
If you are interested in learning how to buy Cardano in the UK – you will need a good online broker. In this guide, we review the best platforms to make a Cardano purchase, the key advantages of the currency itself, and how you can get the ball rolling and sign up with an ADA token provider today.
To buy Cardano in the UK in safety, you will need to choose a broker to access the markets. After much consideration, we have whittled the long list of providers down to just four of the best in the industry.
You will see the full list below:
As you can see, there is a platform suitable for every type of investor. We offer a detailed review of each provider shortly.
In a hurry and want to buy Cardano in the UK right now? Follow the 4 step walkthrough below to get started today!
At this point, the crypto platform will execute your order. If you head over to your portfolio, you will see your Cardano investment stored there.
As we said, there are hundreds of providers online, so we whittled the best crypto platforms down to the top four worth your time. Each offers a low-cost entry into the world of digital currencies and allows you to buy Cardano in the UK with little effort or fuss.
You will see comprehensive reviews of those platforms below to save you some online legwork.
eToro is a major player in the world of buying and selling cryptocurrencies. The social trading platform serves millions of clients in over 100 countries and is watched over by the FCA, ASIC, and CySEC. As such, you can rely on the safety net of client fund segregation and a high level of customer care. When learning how to buy Cardano, it’s important to feel comfortable in the space. The website and app are suitable for both newbies and experienced people, so navigation shouldn’t be a problem.
When it comes to signing up, this is a simple process and usually takes minutes, thanks to the automated technology used to validate your ID. When reviewing a crypto broker, we also look at how reasonable fees are. You can buy Cardano whilst paying low fees, with a small investment minimum – starting at just $25 (about £18). Furthermore, there are tons of payment types accepted by this platform. This includes credit and debit cards, bank transfers, and e-wallets like Neteller, PayPal, and Skrill. The minimum deposit is $200 at eToro, which is around £145.
We checked out the diversity of cryptocurrencies here and found that as well as being able to purchase ADA coins with ease, you can access 25 other digital markets. The list includes well-known tokens like Ethereum, Bitcoin, Dash, Bitcoin Cash, Zcash, and Stellar (to name a few). You will also find lesser-known offerings such as Polygon, Decentraland, Uniswap, Compound, and many more. When you’re educating yourself on how to buy Cardano in the UK – you could consider finding your way around the platform by using the free virtual portfolio.
This will be on your main page from the moment you sign up and you can switch between the real and demo account as you see fit. This also allows you to shorten the learning curve by playing around with technical analysis and drawing chart tools. The standout feature at eToro is the Copy Trader. You can choose someone to invest in based on information such as asset preference, returns, risk level, and more. To explain further, let’s say you find a pro you like and invest £1,000 in that person. If the seasoned trader allocates 3% of their balance to buy Cardano – you have passively invested £30 in ADA coins.
In other words, anything the Copy Trader buys or sells will be reflected in your own portfolio. If you are interested in branching out into other markets, you will find a wide range of assets. This includes CFDs on forex, ETFs, commodities, and indices. All of which come without trading fees – barring the spread which we found to be competitive. You can also buy thousands of stocks at 0% commission. We mentioned that eToro is denominated in US dollars. Just a reminder that when you add funds to your account to buy Cardano, you will pay a small fee of 0.5% to convert GBP into USD. This is very competitive compared to other crypto brokers.
Another worthy candidate on your quest to find the best crypto platform to buy Cardano in the UK could be Coinbase. This exchange also provides a service for millions of people around the world. The provider has been on the scene for almost a decade and is very well-suited to newbie investors because of its super-friendly interface. You can invest in a safe environment here, as the company adheres to the laws and regulations of all the jurisdictions in which it offers a service – covering 30 countries.
We found plenty of other digital currencies here too. As well as Cardano, you will find crypto-assets such as Ripple, Bitcoin, Neo, Ethereum, Litecoin, Dogecoin, and more. Up and coming tokens include BlazerCoin, Dragon Token, BEAR Coin, ACE, and others. You can buy ADA coins using a debit card with ease thanks to the platform’s Instant Buy feature. Notably, the latter comes with a charge of 3.99%. An alternative way to fund your account is with a bank transfer – the deposit is free but you will still pay the standard 1.49% commission to buy cryptocurrencies.
When you are still getting to grips with how to buy Cardano in the UK, you will probably want to stick with smaller investments. Coinbase makes this easy by allowing you to buy or sell as little as £2 worth. This is a regulated platform, so before you can get started, you will need to provide the broker with your proof of identity and residential address. This can be your passport or driving license and a recent utility bill, amongst other accepted documents. You will receive a verification email confirming your new account.
Coinbase has some impressive features to enhance your buying and selling experience. This includes vault protection and a place to store your digital coins. You can also set up recurring buys – which is comparable to a direct debit. The difference is it enables you to build your portfolio by setting up a schedule and automatically investing at regular intervals. You can easily manage your account on the go too, as this platform offers a free app to Android and iPhone users. The application is easy to use for beginners and you can buy, sell, and convert by simply logging into your account.
When contemplating how to buy Cardano in the UK, you will no doubt think about how you can go about storing your investment safely. After all, the crypto space is not free from hacking attempts. Coinbase provides access to one of the most secure wallets online because 98% of all digital tokens are kept safe in cold storage offline. Furthermore, this is not an anonymous exchange – the platform is regulated so follows KYC rules. As such, all clients must upload a government-issued ID.
This cryptocurrency exchange has millions of clients on its books from around the world. When it comes to safety at OKEx, we found that the platform recommends various security features to aid you in keeping your digital assets secure. As well as email and mobile authentication – this includes anti-phishing codes, enhanced passwords, a Google authenticator option, and mandatory 2FA. The hot wallet framework utilizes semi-offline multi-signature services, risk management systems, and other protection mechanisms to help secure your private keys.
OKEx is the best low-cost broker to buy Cardano in the UK. You will only pay 0.0005 BTC per withdrawal, which is super competitive. To fund your account, you will find a drop-down list of compatible payment methods, including fiat, and stable coins (digital currencies pegged to fiat money – like USDT). Furthermore, if you already hold some Bitcoin or other accepted digital tokens, you can make a deposit without charge and use that to invest in Cardano with ease. This also cuts out the need to upload ID to complete your purchase. Note that you will have to pay a small amount to deposit using credit or debit cards.
This platform bases its fee structure upon market makers and takers. The latter former refers to those providing liquidity for the exchange. The more ADA coins you hold, the lower the commissions will be. When it comes to how to get started and buy Cardano in the UK, you should find this stress-free here as the site is straightforward to navigate. There is also a wide selection of alternative cryptocurrencies at OKEx. This guide discovered over 400. This is inclusive of well-known tokens like Bitcoin, Polkadot, Bitcoin Cash, Chainlink, Stellar and more.
You will also find plenty of smaller crypto assets (in terms of market cap) such as Diamond, FairGame, Unitrade, Super Bitcoin, Tornado Cash, and others. This platform also lists stable coins like USDT, which, as we mentioned, you may also swap for ADA tokens. We touched on commissions earlier, fees are competitive and start from just 0.10% per slide. Those looking for help to analyze the markets can utilize investment tools such as real-time price updates on options, spot, and futures markets. You can also opt for push notifications to your mobile – so you don’t miss a beat when buying Cardano.
OKEx offers newie investors plenty of educational material. This includes video lessons about specific subject matters, which also carries over to the provider’s own YouTube channel – covering all sorts of blockchain-based learning. Other content consists of beginner tutorials, trading ideas, industry analysis, and glossaries surrounding terminology. This crypto derivative and spot exchange supports several languages and is easy to use for most skill sets. The minimum deposit here is just $10 (approximately £7.30) and on the One-stop Marketplace feature, you can buy crypto to swap for Cardano.
In terms of volume, Binance is one of the largest cryptocurrency platforms there is – with more than 100 million traders on its books globally. This exchange complies with regulatory requirements where it operates and offers secure payments to protect you from bad actors. You can also enhance your own security by using things like 2FA, changing strong passwords on a regular basis, and limiting the number of withdrawal addresses on your whitelist.
As well as buying and selling Cardano – you can also access over 500 other cryptocurrencies. This includes Chainlink, Bitcoin, Ethereum, Litecoin, Shibu Inu, Ripple, and more. If you are looking to invest in smaller tokens, you will find options such as Mask, Spartan, Cocos-BCX, Tornado, Stacks, Wabi, and many others. The higher the number of ADA coins you have in your account, the lower commissions you will pay. With that said, we found this to be low at 0.10% anyway. Moreover, you are invited to join the referral scheme, whereby when you recommend someone and they make a trade, you get up to 40% commission.
You can buy Cardano in the UK using a bank transfer with no deposit fees here, and this method is near enough instantaneous thanks to its use of Faster Payments service. Alternatively, you may use a credit or debit card and pay a small fee of 1.8%. To store your investment, you can also download the Trust Wallet application which is driven by blockchain technology. For extra protection, this offers advanced security and a protected key so that no one can access your ADA coins without authority. You can also swap cryptocurrencies via this application.
Note: At the time of writing in July 2021, Faster Payments at Binance are temporarily suspended.
At this point, we offer a full walkthrough of how to buy Cardano in the UK – for anyone unfamiliar with the process of signing up with a cryptocurrency platform.
First thing is first, to buy Cardano in the UK, you will need to open an account with a platform able to provide access to the crypto markets. For this step-by-step, we are using eToro as the sign-up process is simple, and the FCA broker is very competitive in terms of fees.
Once you arrive at the platform, you can look for the signup button. At this stage, a form will appear where you can enter some details about who you are. Like all regulated brokers, eToro will require your first and last name, home address, date of birth, and contact details.
In order for eToro to verify your identity, you will be asked to upload some ID. You may leave this until a later stage but will need to complete your registration before you can deposit over $2,250 (around £1,600) or request a withdrawal.
The above-mentioned documentation is generally accepted by most platforms. However, always check with the provider in question before signing up.
You can now deposit funds into your account. eToro accepts the following payment methods:
To buy Cardano in the UK, you will first need to enter the amount you wish to fund your account with and confirm your chosen payment type. The money will be added to your trading equity.
eToro is super easy to use, and we found looking for specific markets very straightforward. Either find Cardano by using the search bar – or click ‘Trade Markets’, followed by ‘Crypto’. Here you will see the full list of available cryptocurrencies.
When you find ADA you can click on it to reveal an order box needed to buy Cardano in the UK.
When the order box appears, consider the amount you wish to invest in ADA coins and enter that number in the relevant box. As you can see, we are looking to buy $200 of Cardano.
Check all the information entered before confirming by clicking ‘Open Trade’. At this point, the platform will action your order immediately.
When you buy Cardano at eToro, you won’t have to worry about downloading a crypto wallet. It will keep the majority of your investment safe in cold storage. You can also opt for the eToro crypto wallet – stored on a blockchain.
There are tons of shady platforms operating in the cryptocurrency arena. For this reason, you should think carefully when deciding how to buy Cardano in the UK. S
ee below the two main options.
An online cryptocurrency broker is undoubtedly the safest option to buy Cardano in the UK. This is especially the case for newbie investors, as crypto exchange platforms require you to trade your own deposited fiat or digital currencies. Over at a regulated platform, you can usually just go straight to the brokerage – who acts as a mediator between you and your chosen market.
By choosing a regulated online broker, you not only have the assurance that the company is operating within rules and sticks to strict standards – but you can usually rely on the provider to store the majority of your investment in cold storage. Some of the biggest regulators tasked with keeping this space clean are the FCA, CySEC, and ASIC.
All three regulate top-rated platform eToro and it will also hold your trading capital in a separate tier-1 bank account.
Not all cryptocurrency exchanges are necessarily shady. However, it can be hard to spot a good one, as most are unregulated. They are therefore unanswerable to any authority when it comes to customer care and ethical guidelines. It’s also often the case that brokers are able to offer much lower fees and additional features like inbuilt cold storage, which you can access via your account dashboard via a desktop or mobile device.
Furthermore, some exchanges are unable to accept fiat deposits or will charge a large fee. This means you will have to go through the cumbersome experience of swapping your fiat for a digital currency accepted by the platform and then placing an order to buy Cardano. As we touched on, there is also the issue of storage.
Whilst experienced investors will have no problem using and securing a digital wallet – many beginners will be more comfortable buying, selling, and storing their investment with the safety of a crypto broker.
There are a few different options when it comes to how to buy Cardano in the UK – see below the most commonly accepted payment options.
It’s important to note that if a debit card is your preferred way to buy Cardano, any regulated brokerage is going to need your proof of identification and residential address before going ahead.
This is all part of the aforementioned KYC – as the platform cannot offer you access to your chosen market without knowing who you are as an investor.
Crypto platform eToro accepts debit cards and completing your account registration is fast thanks to the automated technology it uses to validate your documentation. Please be aware that some brokers will charge higher fees more for this deposit method.
Credit card users can also buy Cardano in the UK on some online platforms. As you may already know, transactions with this method of payment can come with a ‘cash advance fee’ attached – much like with ATM withdrawals.
As such, you should always check the fee table at your chosen brokerage. Moreover, you will be required to complete your account registration and validate your ID at most platforms when electing to buy Cardano with a credit card.
When you are researching the ins and outs of how to buy Cardano in the UK, you won’t often see a brokerage accepting PayPal deposits. If you like to use this e-wallet yourself – you should give eToro some consideration.
eToro accepts PayPal deposits with a small 0.5% fee to exchange your currency to USD. You will pay the spread only and as we touched on – you can buy Cardano in the UK from $25!
You don’t have to be rich nor an expert investor to buy Cardano in the UK, and there are tons of platforms willing to offer access to the cryptocurrency markets. Aside from two of the most well-known tokens based on a decentralized blockchain, Bitcoin and Ethereum – Cardano is one of the largest by market capitalization.
So, why buy Cardano in the UK? Whilst there are many reasons investors are flocking to add ADA tokens to their portfolio, we have listed just a few below.
This is one blockchain asset that has been mushrooming at a rapid rate – with more and more investors looking to buy Cardano in the UK than ever. In addition to being used to pay for services and goods, this cryptocurrency is accepted by huge enterprises and even governments – as well as providing a service to some banks in developing countries. The Identity management application is used to make the process of collecting data from a multitude of sources a simpler and more streamlined affair.
Cardano is a really useful currency and can handle over 1,000 transactions in every second – compared with Ethereum averaging 16, and Bitcoin processing 7. This is largely thanks to its use of the Ouroboros proof-of-stake algorithm. Furthermore, the blockchain behind this digital asset can be utilized for building smart contracts. Thus – enabling you to generate decentralized protocols and applications. The fact that fees are so low to send and receive funds makes Cardano attractive to the aforementioned financial institutions and investors alike.
The chance are that liquidating your cryptocurrency investment to make a decent profit is likely already on your mind when learning how to buy Cardano in the UK. As of mid-July 2021, this digital asset has a fully diluted market capitalization of over $45 billion, which is approximately £33 billion. As such, you can safely assume that as highly speculative assets go – this one is not lacking the liquidity needed to find buyers when you want to cash out.
Then there is the formidable team behind the asset:
The esteemed team behind this digital asset isn’t the only reason you should buy Cardano, but this kind of foundation helps to solidify the staying power of this sought-after currency. Charles Hoskinson is on a mission to improve the world’s economic accessibility and estimates more than a billion users will be using the network within the next decade.
Cardano is often referred to as a green cryptocurrency – said to be more energy-efficient than say Bitcoin. This is because, rather than depending on proof of work which relies on sophisticated and powerful computers – this digital asset uses proof of stake.
For those unaware, proof of stake doesn’t rely on using a huge amount of energy or require minors to resolve complicated mathematic equations. In contrast, the team behind Cardano states that the whole system uses a mere 0.01% of that of Bitcoin. This is because instead of considering any rigs and processing power, this blockchain values the volume of digital tokens held by the user.
The good news is that if you elect to buy Cardano in the UK via a trusted brokerage such as eToro – selling your coins should be simple and stress-free. Bearing in mind that you will want to cash out for a profit later down the line, you should think about this before investing.
As you can see, it’s never been easier to buy and sell Cardano in the UK! Beginners and safety-conscious individuals are best sticking to well-known and regulated brokers like glue. This is because you are more likely to have a good experience as an investor. This is once again why more than 20 million investors use eToro to buy and sell crypto – many of which are located in the UK.
In this guide, we covered every aspect of how to buy Cardano in the UK. This includes the crucial matter of how to select the best platform and begin your investment in a safe environment. We also talked about paying attention to what payment methods will be available and how you might go about storing your ADA tokens.
Overall, the best low-cost solution to buy Cardano in the UK is to opt for a trusted provider like eToro. The FCA, ASIC, and CySEC regulate the platform and it will keep your investment safe in cold storage. Furthermore, you can purchase ADA coins using a wide variety of payment types, such as credit and debit cards, UK bank transfers, and e-wallets – including PayPal.
Kane Pepi writes for several high profile publications such as InsideBitcoins, the Motely Fool, and Learnbonds. Based in Malta, Kane is extremely skilled at complex subjects related to financial matters - including a Bachelor’s Degree in Finance, a Master’s Degree in Financial Crime, and actively engaged in Doctorate Degree research, for the money laundering threats of the blockchain economy.