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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
ADA / CAD
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Buy Price$0.00
Sell Price$0.00
24h High$0.00
24h Low$0.00
How to buy ADA

Visit the Netcoins website and click on the sign-up button. Or download the Netcoins app from the app store for mobile. Enter your email address, create a strong password, and agree to the terms and conditions. You will receive a confirmation email click on the link to verify your email address.


Choose your preferred funding method: bank wire transfer, Interac e-Transfer, crypto deposit, or cash deposit. Follow the prompts to transfer funds into your Netcoins account. The process is quick and incurs no fees.


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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More About 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.

Learn about Ethereum or Blockchains on our educational blog!


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 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. 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.

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. Cardano’s academic approach to development and solid foundation compared to Ethereum makes it an investment worth considering into the future.

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.

FAQs

Netcoins Inc. is a licensed money service business under FINTRAC, and a registrant under the Provincial Securities Commissions, and adheres to the strict guidelines set by them for Money Transmitter Businesses and Securities Registrants. We are required to have a Know-Your-Client (KYC) process and compliance program in place. KYC is a process that allows us to verify the identity of our customers.


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.


Your Netcoins account can be funded with a crypto deposit, Interac e-Transfer, 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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Netcoins is registered with the British Columbia Securities Commission (BCSC) and the securities regulatory authorities in all Canadian provinces, Yukon, Nunavut, and Northwest Territories.

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Information on this website is not considered to be financial advice, but general information regarding cryptocurrency. Always make sure to conduct independent research before investing in cryptocurrency or any other investment.