Cardano (ADA) is a highly popular cryptocurrency that keeps growing in value. This growth is grabbing everyone’s attention and stock investors are looking to buy while its still cheap. Although, buying cryptocurrency is not a simple process like exchanging dollars at the bank. Therefore, today we are going to show readers a guide on how they can purchase Cardano (ADA) and get some profits out of it.
Right now, there are a couple of exchanges which support ADA exchanges, but the list will get even bigger as time goes on because ADA is scheduled to be available in ATM machines in Japan during the upcoming future. Nonetheless, the first exchange service that we recommend people to use while buying ADA is Coinbase.
People who are interested in buying cryptocurrency should know that Coinbase is their best friend. Coinbase is easy to use and its regulated by the US government which means that it’s a safe method of purchasing cryptocurrency from. Moreover, Coinbase supports a bunch of other cryptocurrencies such as Bitcoin, Ethereum and Litecoin.
Every cryptocurrency can be purchased with a credit or debit card through bank transfers. We should mention that transfer fees are higher for people who choose to use cards but on the bright side, card buyers will receive their currency in a matter of seconds.
Another important piece of information that we need to go over is the fact that cryptocurrency buyers will need to create an account for Coinbase and that the account requires personal information which can be used for identification.
Coinbase will also send a verification link through an email to new users. After clicking on the link, the new users will need to type in additional info such as their phone number and to upload a picture of their ID. Even though this is annoying, it’s quite necessary so that Coinbase can avoid scams.
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