Cardano was founded in 2017 by its creator Charles Hoskinson, a co-founder of Ethereum. The goal of Cardano is to create a society that is more secure, transparent, and fair. The project plans on accomplishing this through its proof-of-stake protocol, which can host smart contract functionality. As the primary token of Cardano, ADA is used to pay fees on the platform and plays a critical role in Cardano’s governance process. If you are wondering how to buy ADA in Canada, Netcoins is a publicly-traded, fully regulated crypto trading platform based in Canada. With 0% funding fees, free cash withdrawals, and live customer support service seven days a week, we make it simple for Canadians to buy ADA and other cryptocurrencies.
1. Create an Account
Sign up for an account and provide some personal details to get your account verified.
2. Fund It
Your Netcoins account can be funded with a crypto deposit, an ACH transfer or a bank wire transfer.
3. Start Trading
Buy and sell as much Bitcoin as you want with no slippage due to our deep liquidity.
4. Video Tutorial on How to Buy Bitcoin with Netcoins
Why Buy Cardano?
What Makes Cardano Stand Out?
Why are Investors Excited about Cardano?
What Can You Do With ADA?
How Do I Store My ADA?
WHY BUY ADA?
At its core, Cardano aims to accomplish similar things to Ethereum functionality but with greater efficiency and functionality. Some areas of emphasis for Cardano include transaction costs, token supply, and transaction speeds. With the recent rollout of smart contracts, the Carano development team is now focusing on the Basho upgrade, which will add side chains to help ease pressure on the main chain. Looking into the future, an investment into Cardano could be an investment into a project that could potentially be a serious competitor to Ethereum through its quicker and cheaper blockchain network.
WHY IS KYC (VERIFICATION) REQUIRED?
As a Netcoins USA is a member of FINRA, we adhere to the strict guidelines set by them for Money Transmitter Businesses. We are required to have a Know-Your-Customer (KYC) process and compliance program in place. KYC is a process that allows us to verify the identity of our customers, as per American regulations.
WHAT DO I NEED TO PROVIDE FOR YOUR VERIFICATION PROCESS?
You will have to provide your email address, phone number and personal information including your first name, last name, address, date of birth and a piece of identification (like a driver’s license). Most users are verified at this point through our automated process. If you don’t pass the automated KYC process, you will have to go through an additional document verification stage. This is important and required as we are a regulated money service business in Canada.
HOW CAN I FUND MY ACCOUNT?
Your Netcoins account can be funded with a cardano deposit, regular ACH, ACH pre-funding or a bank wire transfer. Once you have funds in your Netcoins account, you’ll find that it’s super easy to buy ADA in Canada.