Skip to content

How to buy Cardano UK in 2022 – 3 sites

how to buy cardano

Cardano is one of the most valuable blockchain projects in the market, and several investors are looking for how to buy Cardano in the UK.

This guide will discuss the best place to buy Cardano (ADA), in addition to why the asset is a good investment.

How to Buy Cardano UK – Quick Steps

To buy ADA quickly on our recommended crypto broker, eToro, follow these steps below:

  • Open an account with eToro – Navigate to the eToro website and click on ‘Join Now’ to access the sign-up portal. Fill in the relevant details, tap on ‘Create Account’ to open a new account.
  • Verify ID – Upload a copy of your driver’s licence and a recent copy of your utility bill or bank statement for identity verification
  • Deposit – Tap on the ‘Deposit Funds’ button and insert how much you want to deposit. Select a payment method from either a bank wire transfer, credit/debit card, or an e-wallet solution like PayPal. Insert the stated minimum and tap on ‘Deposit’ to fund your account
  • Buy Cardano (ADA) – Type ‘ADA’ into the search bar and click on the ‘Trade’ button to access your order page. Type in how much ADA you want to buy and click on ‘Open Trade’ to complete the transaction.

Buy Cardano on eToro

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection. 

Where to Buy Cardano (ADA) – Top Exchanges Reviewed

We have reviewed three of the best crypto exchanges for where to buy Cardano in the UK. These platforms were chosen based on competitive fees, regulation, security, and overall trading experience.

  • eToro – Overall Best Place to Buy Cardano (ADA)

eToro takes the top spot  for the best platform to buy Cardano (ADA). The crypto broker is popular due to its laid-back approach to trading and emphasis on building a community of investors and traders. Its 23 million-strong community can share and learn from one another, creating a perfect hub for both new and experienced investors to connect.

eToro also comes with unique trading tools. The most popular is the CopyTrader which enables new and experienced users to automate their investment processes by copying others while paying a nominal fee. The trading process is adjusted according to the copied trader’s investment strategies, making it a safe way of hedging against potential risks while making profit.

Another feature is CopyPortfolio which operates as an asset management tool. The tool enables investors to better diversify their portfolios across top-performing industries and regions.

If you are situated in the UK, you can easily make your first Cardano investment with an initial deposit of $10 (7.38 GBP) using a bank wire transfer, credit/debit card, PayPal, Skrill, Neteller, and several other payment solutions.

Deposit fees and maintenance fees are zero; however, you will be charged $5 (3.69 GBP) for withdrawals. eToro is regulated by the UK’s Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), the Australian Securities and Investment Commission (ASIC), and the Financial Industry and Regulatory Authority (FINRA).

 The broker also takes security measures seriously, and each user has to enable two-factor authentication (2FA) to properly secure their account.

Buy Cardano on eToro

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection. 

  • Huobi – Top Platform to Buy Cardano For Multiple Payment Methods

The Huobi crypto exchange is one of the largest Bitcoin exchanges globally. The platform currently averages $4.4 billion daily trading volume and is a known competitor to the Binance exchange.

On Huobi, users can trade and invest in Cardano and 477 other top-ranking digital assets. The platform allows users to fund their accounts with over 57 local currencies with 60 payment methods. These include regular bank wire transfers, credit or debit cards, peer-to-peer (P2P), and e-wallet solutions. 

Huobi, although with a busy interface, has been able to provide a streamlined trading experience for its users. This way, people can easily connect with their personal computer or a mobile app to buy and sell their favourite digital assets.

Huobi charges a flat rate of 0.2%, which can be reduced further to 0.07% if the trader holds native coin Huobi Token (HT). As per regulation, it is not regulated; however, the Bitcoin exchange requires users to undergo a compulsory know-your-customer (KYC) process. Added to this, about 20,000 BTC reserved funds are kept in offline wallets as insurance for users’ funds.

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection. 

  • Crypto.com – Best Platform for Crypto Cashbacks

Crypto.com is a fast-rising star in the crypto trading circles. Based in Singapore, the user-friendly platform enables investors to buy, sell, and exchange digital assets easily.

Its crypto portfolio is impressive as crypto enthusiasts get exposure to over 250 blockchain-based assets. Crypto.com prides itself on enabling investors to buy crypto assets at the true cost. The platform is home to over 10 million users, and investors can easily fund their accounts using over 20 different payment solutions.

The main appeal for Crypto.com is its crypto cashback rewards program. Investors who apply to use the Crypto.com Visa Card can enjoy 8% cashback rewards for transacting with the card. Adding to this, investors can easily earn 14% on their crypto assets and 14.5% for depositing stablecoins.

Crypto.com executes transactions in seconds with 50-microsecond core latency. The Bitcoin exchange also offers deep liquidity, which means users can easily access their funds anytime they want. In terms of security, Crypto.com has PCI: DSS v3.2.1 Level 1 compliance rating.

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

What is Cardano Crypto?

Cardano is a layer-1 blockchain protocol that is censorship-resistant and has high throughput. Launched in 2016 by former Ethereum co-founder Charles Hoskinson, the blockchain platform uses a proof-of-stake (PoS) consensus algorithm called Ouroboros. Transactions on the Cardano network are split into epochs or timeframes, and each validator has a verification window in which they secure the network.

Cardano has become a popular point of reference due to its scientific approach to solving the blockchain trilemma of security, scalability, and interoperability. Cardano has been tapped as a likely successor to the Ethereum network due to its lower fees, high scalability, and low energy used in verifying transactions.

Should I Buy Cardano?

So is Cardano a good investment? While there are several answers to this query, here are a few reasons why you need to buy Cardano (ADA).

  • Cardano is Building for the Future

The Cardano network is taking a slow and steady approach in launching its blockchain solution. This is in contrast to the Ethereum network, which is correcting its errors as it goes. Cardano’s reliance on a peer-reviewed system ensures that it avoids the pitfalls most layer-1 protocols face.

  • Cardano is better suited for the future

This is no mere feat given the competition currently heating up in the DeFi space. Rivals like Solana and Avalanche are scaling rapidly, and Cardano is not left behind. The protocol is taking it a step further by providing identity verification services to several under-represented and poor identity management systems. This makes Cardano a more robust option for millions of people and may see ADA become the ultimate winner in this war.

  • The Three Riders; Cost, Speed, and Energy

The recurrent issues in the blockchain space are scalability, cost, and energy used in validating transactions. Bitcoin and Ethereum are losing in these aspects as they are slow, expensive and require much energy in validating transactions. Cardano is an antithesis to both and comes with high energy efficiency, low cost, and high throughput. The upcoming Hydra upgrade could potentially see Cardano process as high as 3 million transactions per second (TPS).

Cardano Price

At press time, the ADA price is pegged at $1.104, up 1.90% in the last 24 hours.

Cardano Price Prediction

The Cardano price prediction is generally positive. According to Wallet Investor, ADA may surge to $2.394. 5-year forecast stands at $7.731.

Best Cardano Wallet

Storing your ADA tokens should be a top priority. You should use a top crypto wallet like eToro Crypto Wallet to safeguard your tokens. 

eToro Crypto Wallet supports over 120 crypto assets and enables 500+ crypto-to-crypto trading pairs. The digital wallet is regulated by the Guernsey Financial Service Commission (GFSC). You also get a password recovery service when you lose your private keys.

How to Buy Cardano (ADA) in 2022 – Tutorial

If you are wondering how to buy Cardano in the UK, you can get started on the eToro platform by following these steps.

  • Open an account with eToro

Head over to the eToro website and click on the ‘Register Now’ button to open the registration portal. Fill in your full name, email, mobile number, username, and password and tap on the ‘Create Account’ button to get started.

  • Verify ID

Upload a copy of your driver’s licence or government-issued ID card and also a copy of your utility bill or bank statement for verification.

  • Deposit

Tap on the ‘Deposit Funds’ button to access the deposit page. Insert a minimum of 7.38 GBP and select a payment method. Then click on ‘Deposit’ to complete the process.

  • Buy ADA

Type ‘ADA’ into the search box and click on the ‘Trade’ button to access the order page. Then fill in how much ADA you want to buy and click on ‘Open Trade’ to finish the process.

Conclusion

The Cardano network comes with a lot of promise, and several investors are looking to buy ADA. Given the potential impact on the crypto ecosystem, this may be a good time to pile in on the project.

To buy ADA, we recommend using the eToro platform. You get to enjoy low fees, advanced trading tools as well as a strong community. 

Buy Cardano on eToro

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection. Your capital is at risk. Additionally, 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

This article is part of a paid partnership with Finixio on behalf of financial services company eToro. 

Topics