How to Buy Cardano (ADA) in Canada

Cardano (ADA) is a decentralized application platform looking to bring positive global change through an academic approach to development.

BUY PRICE1 ADA = CAD $0.00

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SELL PRICE1 ADA = CAD $0.00

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SUMMARY1. Brief Intro2. Price3. How to Buy4. Why Netcoins?5. About Cardano

Brief Intro

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.

ADA Price

Buy ADA

ADA / CAD

CAD $ -

1H24H7D

Buy Price$0.00

Sell Price$0.00

24h High$0.00

24h Low$0.00

How to Buy Cardano

1. Create an Account

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

https://www.youtube.com/watch?v=qVZBNX6N2WA

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More About Cardano

Why Buy Cardano?

At its core, Cardano aims to accomplish similar things to Ethereum functionality but with greater efficiency and functionality. One example of this is smart contracts, which have the potential to remove reliance on large financial institutions. Some areas of emphasis for Cardano include transaction costs, token supply, and transaction speeds. Through its developed proof-of-stake protocol, Cardano can achieve faster and cheaper transactions than most cryptocurrency blockchains. This sets them up well for scalability as the network grows. Additionally, Cardano has a supply cap of 45 billion ADA tokens that can exist at any point in time. This removes inflation risk, which usually reduces the value of your tokens over the long run. As the native cryptocurrency of Cardano, ADA is heavily tied to the project’s growth and success, which is one of the main reasons ADA saw nearly 10x price appreciation throughout 2022. 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.

What Makes Cardano Stand Out?

Cardano’s technology is advancing at rapid speed. There are plenty of reasons why the massive blockchain ecosystem their building stands out. Here are only four examples. ADA has Unique Value Proposition. Cardano’s value stems from its proof-of-stake protocol. Besides cheaper transaction costs and quicker transaction speeds, Cardano’s academic approach to development makes it a robust project with longevity. Every change made to the Cardano blockchain is backed by scientific and mathematical evidence. ADA is a Green Cryptocurrency. Cardano’s scientific approach is the main reason its blockchain is considered one of the most environmentally friendly in the world. Since Cardano uses staking rather than mining (which Bitcoin uses) to process transactions, the platform is believed to use energy much more efficiently to process transactions. ADA has optimal efficiency. Cardano’s existing proof-of-stake protocol makes it more efficient than Ethereum at this moment in time. Once Ethereum transitions to Ethereum 2.0, it will be more competitive with Cardano’s existing blockchain. However, Cardano’s head start puts them in an optimal position to compete with Ethereum as the cryptocurrency market grows. There is a max supply of ADA. Cardano has a supply cap of 45 billion ADA tokens that can exist at any point in time. This removes inflation risk which usually can reduce the value of your tokens over the long run.

Why are Investors Excited about Cardano?

ADA’s direct relationship to Cardano through staking, governance, and staking makes its success very closely tied to the success of the Cardano blockchain. However, before considering ADA as an investment, there are several important factors to understand. Like all cryptocurrencies, ADA’s price may be influenced by the crypto market's general direction, which tends to be volatile. However, looking beyond short-term price movements, there are several things on the horizon for Cardano to be excited about. 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. In simple terms, this upgrade will help increase Cardano’s capacity, preparing for growth to come. Cardano’s academic approach to development and solid foundation compared to Ethereum makes it an investment worth considering into the future.

What Can You Do With ADA?

As a digital currency, ADA can be used by anyone worldwide as a secure exchange of value. However, as the native cryptocurrency of the Cardano network, the token carries several direct functionalities concerning Cardano. ADA’s primary function is to be used as payment for network fees and to act as a governance token. Importantly, ADA holders are entitled to a stake in the Cardano network. Storing your ADA in a wallet allows you to earn rewards in the form of yield, a way to earn passive income as you hold your tokens for the long run. Daedalus is Cardano’s official desktop wallet created by the Cardano development team. You can use it to stake your ADA tokens or participate in network governance through voting power you receive, depending on the value of your ADA held.

How Do I Store My ADA?

You can buy ADA from crypto trading platforms, like Netcoins, and leave your ADA coins inside the platform. However, there are much safer options to storing your ADA as leaving them in exchanges can expose them to certain risks like hacking and theft. The safest option to keeping your ADA secure is to transfer them into a Cardano wallet. A Cardano wallet is a type of digital wallet that is used to send and receive ADA, similar to a Google wallet or a physical wallet. There are four different types of Cardano wallets: hardware wallets, desktop wallets, mobile wallets and web wallets. Hardware wallets look like a USB device. They are considered to be offline wallets because they’re not connected to the internet. The fact they’re offline makes them more difficult to find and to hack. As such, they’re typically considered the safest option to store your ADA. Desktop wallets on the other hand are programs that store your ADA on your computer’s hard drive. Cardano's official desktop crypto wallet was created by the Cardano team and is called Daedalus. By downloading and installing the Daedalus wallet, you may get access to the complete Cardano blockchain. In technical terms, it is a complete node wallet

FAQs

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.

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