Are you a beginner and wondering how to buy Cardano (ADA) in Australia but don't know where to start? If so, this simple guide will show you how easy it is and answer commonly asked questions such as:
Best Exchange For
Best Exchange For
Best Exchange For
To help you get started, we have conducted extensive research and assessed the important consideration when looking for a crypto exchange in Australia such as trading fees, deposit limits, payment methods, safety & security and customer support.
Quick Quide: How To Buy Cardano Australia
To buy Cardano (ADA) from Australia, follow these basic steps:
- Create an account with a crypto exchange such as Swyftx
- Complete ID Verification
- Deposit funds in AUD
- Choose a payment method
- Select Cardano (ADA) and enter the amount to buy
- Confirm the transaction to receive Cardano (ADA)
Cardano Exchanges In Australia
Here is our consolidated list of the best Cardano (ADA) exchanges in Australia (with our commentary):
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Best Cardano Exchanges In Australia: Reviews
Our review and assessment of the popular crypto exchanges in Australia is based on important factors such as ease of use, reputation, charting features, trading fees, deposit methods, security and customer support.
Swyftx is a state-of-the-art online platform that users to buy, trade and sell Cardano with AUD. The trading platform is well known for having 4 times lower spreads and 2 times cheaper trading fees compared to its closest competitors in Australia and rapid account verification in less than 2 minutes without taking selfies.
Ease of use
CoinSpot was founded in 2013 and has built up a solid reputation and trustworthy image for an Australian cryptocurrency platform. The exchange is focused on helping newcomers to buy Cardano (ADA) and cryptocurrency in Australia with AUD. Coinspot has historically been one the best place to buy Cardano in Australia over the last few years.
Ease of use
3. Digital Surge
Digital Surge is an Australian crypto exchange provides a fast and easy way to buy and sell digital currency using AUD. The platform has focused on providing a beginner-friendly exchange website for everyday Australians to get started with crypto assets. Based in Brisbane, the team are committed to building trust and transparency within the cryptocurrency community and to bring awareness to the industry for all investors alike.
Users of Digital Surge can buy, sell and even pay bills using Bitcoin. The local exchange is focused on simplicity which starts from the verification process which is automated. That means, users can buy digital currency quickly and easily using a buy wizard that guides through each step.
Ease of use
CoinJar is a trusted crypto exchange in Australia and also one of the longest-running digital currency exchanges. CoinJar allows users to buy, sell, store and Cardano within a secure wallet. With over 400,000 users and counting, CoinJar exchange is one of the best places to buy Cardano in Australia that will suit both beginners and experience investors.
Ease of use
5. Independent Reserve
Independent Reserve is a popular exchange among cryptocurrency traders around the world that offers trading competitive fees and support for traditional fiat currencies such as the Australian Dollar, New Zealand Dollar and US Dollar. The exchange supports AUD and NZD deposit methods using EFT, POLi, PayID and SWIFT to buy, trade and sell 14 cryptocurrencies in Australia.
Ease of use
Best Way To Buy Cardano In Australia
There are several ways to invest in Cardano in Australia that depends on your payment method. If you prefer to use a regulated cryptocurrency exchange (which we recommend), then you should know that each digital currency provider can support different deposit methods.
Therefore, it's best that you decide to register with an exchange that supports your preferred payment method to buy Cardano.
Trade With Australia's Most Trusted Exchange
Independent Reserve provides a stable and secure platform for individuals to buy and sell 26 of the most popular digital currencies.
Step-By-Step Guide To Buying Cardano
Before you should buy any Cardano, it is recommended that you set up a digital hardware wallet to safely store your coins. Exchanges have online wallets but it's best to remove it totally offline to a device that you hold in your possession.
Step 1 - Register Account
To create a new account with Swyftx, click the "Sign Up" button below. This will take you directly to the Swyftx registration page where you will be required to fill in your email, set a password, enter your name and phone number. Click "agree" to the terms and conditions and hit "Create My Account".
Step 2 - Verify Account and Activate 2FA
The verification process for Swyftx is incredibly simple and can be completed in 2 minutes. To start the verification process, navigate to the side bar on the left and click "Profile" then under your name go to "Verification". This will bring up an online form where you will only be required to provide basic information.
Once you completed all of the verification steps, you will want to activate the two-factor authentication on your account. This is essentially another security layer to keep your funds safe and secure.
To get started, go to the "About" page and click "Setup MFA". Follow the prompts to install the Google Authenticator App on your smart device and enter the token that appears once you have scanned the QR code.
Step 3 - Deposit AUD
The next step is to click the "Deposit AUD" link on the left side bar. Here you will be able to choose the amount of Australian Dollars that you wish to deposit. Once you are on the deposit page, you can fund your Swyftx account with Australian Dollars (AUD) using either PayID (instant) or BPAY (within same business day).
Step 4 - Buy Cardano
Now that your account is verified and you've deposited AUD (or BTC), you can start buying and selling cryptocurrency. To get started, click "Trade" on the left side bar. This will bring up the "Assets" list where you can search and select any cryptocurrency. Swyftx has over 70+ crypto assets to trade and growing.
Select Cardano that you wish to buy, sell or trade and it will display the current price against AUD. Now select how much AUD you want to spend on the coin and click "Instant Buy". The Cardano amount will be purchased, show in your trade history and stored in the Swyftx wallet.
That's it! You have now purchased Cardano using Swyftx.
How To Trade Cardano In Australia
To trade Cardano in Australia, follow these simple steps:
- Register an account with a cryptocurrency trading exchange such as Binance
- Complete the signup registration process and verify your email
- Go to the navigation menu and Click 'Wallet'
- Select 'Cardano' or another cryptocurrency and click on 'Deposit'
- Transfer funds to the exchange from your hardware wallet
- Go to the “Trade” menu and select another crypto to trade against (e.g. Bitcoin)
- Enter the amount of crypto you want to buy or sell
- Confirm the order details and confirm the trade
Frequently Asked Questions
What Is Cardano (ADA)?
Cardano is a blockchain project that aims to provide a secure and scalable means of transfer for Governments, businesses and individuals. It uses the cryptocurrency "ADA", which can be used to send and receive digital funds. The project was founded by Charles Hoskinson, co-founder of Ethereum, to “provide a more balanced and sustainable ecosystem” for cryptocurrencies.
The vision of Cardano is to represent the future of money, making quick and direct digital currency transfers that is secure through the use of the blockchain. It is a technological platform intended to allow for financial applications to be used by everyone from individuals to governments.
What Are The Differences Between Cardano and Ethereum?
Cardano is a third generation decentralized blockchain based system powered by the ADA coin that aims to improve the cryptocurrencies that came before it such as Bitcoin and Etherium. Cardano aims to improve on the scalability issues with Bitcoin. It is also similar to Ethereum as a smart contract platform that can be used to run decentralized applications but in a much more efficient way.
Often regarded as the original smart contract platform, Ethereum has broken ground and developed remarkable potential that can be achieved using blockchain technology across different industries using smart applications. However, there are still hurdles that need to be overcome such as scalability, interoperability, transaction speed and sustainability.
This is where Cardano comes in it to solve these pre-existing limitations of second generation smart contractor platforms. Whether Cardano can achieve these goals remains to be seen, but it is often regarded as taking the best features from Bitcoin's decentralized payment system and Ethereum’s smart contract platform and support for decentralized applications.
Is Cardano A Good Investment?
Just like any other financial product, trading and investing in ADA involves substantial risk of losing your capital and is not suitable for every investor. It is possible to make a lot of money investing in cryptocurrencies if you pick the right one and at the right time. But there are also many risks to be cautious of before you decide to invest in Cardano.
Can I Stake Cardano In Australia?
Individuals that reside in Australia can stake Cardano using a variety of cryptocurrency exchanges and wallets. Popular exchanges such as Binance and Coinbase allow staking on the Cardano network to earn passive ADA rewards. Staking Cardano locks up ADA coins to contribute to the security and governance of the network. In return, Australian investors can earn between 2-%8% APY for delegating their tokens.
If you're looking for the best exchange to buy and sell Cardano (ADA) in Australia, we hope this guide was useful. With any financial investment, make sure to do your own research and due diligence on the crypto provider before depositing any funds. If you don't have a hardware wallet, we suggest that you read our review on the best crypto hardware wallets so you can keep your Cardano investment safe.