Where To Buy Cardano in USA – Learn How To Buy Cardano Today in 2022

Cardano (ADA) is a digital currency that has enjoyed a rapid price increase since the turn of 2021. If you are wondering how to buy Cardano in the US in the safest and cheapest way possible – this guide is for you.

Within it, we walk you through the investment process step-by-step and review the best brokers that allow you to buy Cardano from the comfort of your home.

#1 Broker to Buy Cardano – eToro

Where To Buy Cardano in USA – Overview of the 5 Best Brokers

In order to buy Cardano in the US in a safe and cost-effective manner, you will need to choose a suitable broker. Below you will find an overview of the best brokers that allow you to buy Cardano online.

1. eToro – Overall Best Place to Buy Cardano
2. Coinbase – Great Way to Buy Cardano for Beginners
3. Binance – Best Place to Buy Cardano for Asset Diversity
4. Coinmama – Buy Cardano With a Debit or Credit Card
5. Webull – Buy Cardano From Just $1

Invest Invest $ = Cardano Refresh More Filters Sort By Rating 2 Providers that match your filters Payment methods Credit Card Paypal Sepa Transfer Skrill Sofort Giropay Neteller Features Instant Verification For Beginners Wallet Service Mobile App Usability Very Good Good Average Bad Support Very Good Good Average Bad Fees 1 or better Safety 1 or better Coin selection 1 or better Rating 1 or better Clear Filter Recommended Broker Rating for $ 100 you get 103.2865ADA What we like Trade real cryptos and crypto CFDs Licensed broker with deposit insurance Integrated wallet Fees Safety Coin selection Features Payment methods for $100 you get 103.2865 ADA Read more here Buy now Read more here CFDs are complex instruments and carry a high risk of losing money quickly through leverage. 75% of retail investor accounts lose money when trading CFDs from this provider. Recommended Broker Rating for $ 100 you get 106.2707ADA What we like Amount of withdrawal fee: $0 Large amount of cryptocurrencies for CFD trading Minimum deposit: $20 Fees Safety Coin selection Features Payment methods for $100 you get 106.2707 ADA Buy now CFDs are complex instruments that have a high risk of losing money quickly due to leverage. 72.6% of retail investor accounts lose money trading CFDs with this provider.

Looking to skip the jargon and buy Cardano in the US right now? If so, follow the simple 4-step walkthrough below to buy Cardano in under five minutes!

How to Buy Cardano in USA – A Quick Guide For 2022

• Step 1: Open an Account with eToro – We found that eToro is the best broker to buy Cardano in the US – as the platform offers low fees and is regulated by the SEC for your safety. To get the ball rolling with eToro, you will need to open an account by entering some personal information.
• Step 2: Upload Your ID – The SEC does not permit anonymous cryptocurrency investments, so eToro will ask you to upload a copy of your government-issued ID. Your document will be verified in under two minutes.
• Step 3: Deposit Funds – You can now deposit some money into your eToro account. The minimum first-time deposit for US customers is $50. You can choose from a debit/credit card, ACH, or online banking – all of which are fee-free.
• Step 4: Buy Cardano – The final step is to search for Cardano and click the ‘Trade’ button. In the ‘Amount’ box, enter the size of your Cardano purchase and confirm by clicking ‘Open Trade’.

By following the above quickfire guide, you’ve just learned how to buy Cardano with an SEC-regulated broker that offers super-low fees!

Cryptoassets are highly volatile unregulated investment products. Proceed at your own risk.

Where to Buy Cardano in USA – Full Broker Reviews

The first thing you need to do when learning how to buy Cardano in the US is to find a suitable brokerage firm that lists ADA tokens. Some of the key metrics to look for when selecting a broker include regulation, supported payment methods, ease of use, and customer service. And of course, you also need to look at what fees and commissions the Cardano broker charges.    

To fast-track the research process for you, below you will find a selection of the best online brokers that allow you to buy Cardano safely and in a low-cost manner.

1. eToro – Overall Best Place to Buy Cardano in the US

After reviewing many online brokers active in the cryptocurrency space, we found that eToro is a clear winner as the best platform to buy Cardano. This platform is suitable for beginners and experienced traders alike and getting started will take you a matter of minutes. In fact, it’s simply a case of registering an account, uploading some ID, and meeting a minimum deposit of $50. What we like about the payments department at eToro is that you can choose from a debit/credit card, online banking, or ACH.

All of the aforementioned deposit types are fee-free – which is a major benefit. After all, we found that many brokers offering Cardano will charge you in excess of 3% to deposit funds in US dollars. But at eToro, no such fee applies. You will also find that trading fees are some of the best you will come across when buying Cardano at eToro. For example, instead of paying a commission to purchase digital currencies, you will only need to cover the spread. At eToro, this starts at just 0.75%.

Once you have completed your Cardano investment – which requires a minimum trade size of just $25, your ADA tokens will be added to your eToro portfolio in real-time. The tokens will therefore remain safe and secure until you are ready to sell – which you can do 24/7. If you want to add some other digital currencies to your eToro portfolio, you will find everything from Bitcoin, Ethereum, and XRP to Dogecoin, AAVE, and Litecoin.

If you would prefer to invest in a diversified portfolio of digital assets, you might also consider the eToro CryptoPortfolio. Through a single trade, you will be purchasing 12 different cryptocurrencies of various weights. eToro will regularly rebalance the portfolio so that you can sit back and enjoy a passive investment experience. Many inexperienced investors will also turn to the innovative eToro Copy Trading feature. This will also allow you to trade passively, as you will be copying the buy and sell positions of a successful investor.

There are thousands of such investors to choose from – all of which have a variable track record on the eToro platform. When it comes to safety and security, eToro is a heavily regulated brokerage firm. In the US, for example, the broker is regulated by the SEC and approved by FINRA. Outside of the US, eToro is authorized and regulated by the FCA (UK), CySEC (Cyprus), and ASIC (Australia). All in all, this ensures that you can buy Cardano in a safe environment without needing to worry about the legitimacy of your chosen broker.

Pros

Cons

Cryptoassets are highly volatile unregulated investment products. No EU investor protection. 67% of retail investor accounts lose money when trading CFDs with this provider.

2. Coinbase – Best Way to Buy Cardano in the US for Beginners

Next up we have Coinbase – a US-based cryptocurrency broker with over 68 million customers on its books. The investment process at Coinbase is very straightforward, as it’s just a case of opening an account and going through a quick KYC process. Then, you can choose to deposit funds via a debit/credit card or ACH. If opting for the former, this will allow you to buy Cardano instantly. Although this option is arguably the most convenient, you will be required to pay 3.99% in transaction fees.

This once again highlights why eToro is so popular in the US, as debit/credit card deposits are executed without any charges. Coinbase does, however, allow you to deposit funds via ACH on a fee-free basis. But, your deposit can take several days to process. When the funds do eventually land in your Coinbase account, you can then place a buy order on Cardano. This will attract a standard commission of 1.49% per slide. This means that you will again pay 1.49% when you decide to sell your ADA tokens back to US dollars.

If the aforementioned fees fit into your investment budget, you will be pleased to know that Coinbase offers lots in the way of security. For example, if you decide to keep your ADA tokens in your Coinbase account, 98% of your digital funds will be kept in cold storage. This simply means that the funds are kept offline at all times – subsequently ensuring that hackers have no way of accessing your tokens. Two-factor authentication is also required to access your Coinbase account – which is also a major safeguard in keeping your funds safe.

Pros

Cons

at eToro, #1 Broker in the US

Cryptoassets are highly volatile unregulated investment products. No EU investor protection. 67% of retail investor accounts lose money when trading CFDs with this provider.

3. Binance – Best Place to Buy Cardano in the US for Asset Diversity

Binance is often the go-to cryptocurrency exchange for traders – not least because it offers some of the lowest commissions in this industry. The exchange is also home to the largest daily trading volumes and now serves in excess of 100 million customers. If you’re based in the US, Binance has a dedicated platform that is offered exclusively to Americans. This will give you access to 50 cryptocurrencies that you can buy with your debit or credit card – which is inclusive of Cardano.

The fee charged by Coinbase on Visa and MasterCard purchases stands at a reasonable 0.50%. To benefit from this simple and low-cost way of buying Cardano, Binance will ask you to complete a quick KYC process. Once again, this is industry standard when investing in digital assets with US dollars. In addition to the 50 cryptocurrencies supported by the Instant Buy feature, Binance offers lots of other markets on its main exchange.

This will allow you to buy, sell, and trade crypto assets at a commission rate of just 0.10% per slide. This means that for every $100 traded, you will only pay $0.10 in fees. If you want to keep your ADA tokens stored in your Binance account for added convenience, the exchange offers two-factor authentication, IP and device whitelisting, and a Safe Asset Fund for Users (SAFU). The latter is in place to protect user account balances in the event the exchange is compromised by a remote hacking attack.

Pros

Cons

at eToro, #1 Broker in the US

Cryptoassets are highly volatile unregulated investment products. No EU investor protection. 67% of retail investor accounts lose money when trading CFDs with this provider.

4. Coinmama – Easily Buy Cardano in the US With a Debit or Credit Card

Coinmama is an established cryptocurrency broker that was first launched in 2013. Since then, the platform has facilitated buy and sell positions for almost 3 million customers from over 188 countries. Coinmama is particularly popular with those looking to buy cryptocurrencies in a simple and burden-free way. This is because once you have registered an account and uploaded a copy of your ID – you can instantly invest in digital assets with your debit or credit card.

In addition to Cardano, you can also buy, XRP, Bitcoin, Ethereum, Bitcoin Cash, Dogecoin, and several other tokens. Unlike the other brokers and exchanges discussed so far, Coinmama does not offer an online wallet. On the contrary, when you set up your Cardano purchase, you will be required to paste in your ADA wallet address. Put simply, this means that if you are uncomfortable with how private keys or digital wallets work – Coinmama might not be the right platform for you.

Furthermore, and perhaps most importantly, we found that Coinmama is one of the most expensive Cardano brokers in the online space. First and foremost, you will pay a transaction fee of 5% when using your debit or credit card. Next, there is a mark-up of around 2% when you buy Cardano. Additionally, you will also need to pay a buy commission – which averages 3-5% depending on the volume of your order. And, if you want to use Coinmama to sell your ADA tokens when you are ready to cash out – you’ll pay a further commission of 3.90%!

Pros

Cons

at eToro, #1 Broker in the US

Cryptoassets are highly volatile unregulated investment products. Proceed at your own risk.

5. Webull – Buy Cardano in the US From Just $1

If you are looking for a US-centric brokerage that allows you to buy Cardano with a small amount of money – Webull is a good option to consider. This is because Webull – as it does with all of its supported asset classes, allows you to buy Cardano at a minimum of just $1. This means that you can find your feet in the digital currency arena without needing to risk too much capital. Such a small minimum requirement is also great for diversification purposes.

For example, in addition to Cardano, Webull offers over a dozen other crypto assets. This means that you can allocate a few dollars to a number of different projects and thus – build your exposure to the cryptocurrency arena slowly. When it comes to fees, Webull is a 0% commission brokerage firm. You will, however, need to assess the spread on each purchase that you make. Webull notes that cryptocurrency spreads start at 1%, but we found this to be higher on certain tokens – including ADA.

The other thing to note about Webull is that it does not allow you to buy Cardano with a debit or credit card. Instead, you will need to add funds to your account via a bank wire or ACH. While the latter is free of charge, the former will cost you $8 per deposit and $25 on each withdrawal. On top of crypto assets, Webull also offers thousands of stocks and ETFs – which is also handy should you wish to create a diversified portfolio.

Pros

Cons

at eToro, #1 Broker in the US

Cryptoassets are highly volatile unregulated investment products. No EU investor protection. 67% of retail investor accounts lose money when trading CFDs with this provider.

How to Buy Cardano in the USA – Detailed & Explained in Full

Earlier in this guide, we provided a quickfire overview of how to buy Cardano in the US with eToro. However, for those of you that have never invested in crypto assets previously – this mini-walkthrough might not have been sufficient for your skillset. 

If you need a little bit of guidance on how to buy Cardano online – follow the detailed tutorial outlined in the sections below.   

Recommended Broker Buy now CFDs are complex instruments and carry a high risk of losing money quickly through leverage. 75% of retail investor accounts lose money when trading CFDs from this provider. Recommended Broker Buy now CFDs are complex instruments that have a high risk of losing money quickly due to leverage. 72.6% of retail investor accounts lose money trading CFDs with this provider. Recommended Broker Buy now CFDs are complex instruments and carry a high risk of possible rapid loss of capital due to their leverage. 71% of retail investor accounts lose capital when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take high risk in losing your capital. Rating 5.0 4.5 4.3 Mobile App Rating 1/10 10/10 9/10 Features Mobile App Wallet Number of Coins 128 17 15 Fees Trading Fees Spreads Commission N/A Deposit Fees N/A $0 N/A Withdrawal Fees 5 USD $0 N/A Extras Regulated N/A Yes CBI and MiFID in Europe Min. Deposit 50$ $20 $100 Leveraged Trading N/A Yes 1:2 for cryptocurrencies Latest Prices (per Coin) Bitcoin $36057.81 $36090.25 $36180.39 Ethereum $2392.40 $2350.14 $2356.01 XRP $0.61 $0.60 $0.61 Tether $1.00 $1.00 N/A Litecoin $109.94 $108.00 $108.54 Bitcoin Cash $293.25 N/A $291.38 Chainlink $15.18 N/A $15.41 Cardano $1.09 $1.06 N/A IOTA $0.80 N/A $0.78 Binance Coin $374.94 $431.30 N/A Stellar $0.19 $0.19 $0.19 Bitcoin SV $91.60 N/A N/A USD Coin $1.01 N/A N/A EOS $2.22 N/A $2.19 Monero $146.71 N/A N/A Payment methods Credit Card Paypal Sepa Transfer Skrill Sofort Giropay Neteller