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How to buy Cardano (ADA) in Canada

Learn how to buy Cardano in 3 easy steps. Plus, you never pay CAD deposit and withdrawal fees
Buy Cardano

What is Cardano?

A blockchain platform, Cardano uses a proof-of-stake mechanism to approve transactions. Cardano’s mechanism is more energy efficient than the proof-of-work mechanism used for traditional Bitcoin mining.

Called a “third-generation” cryptocurrency, Cardano’s token, ADA, is awarded through validation of all transactions on the blockchain. That’s different than Bitcoin (BTC), which is awarded through mining. In 2021, the Cardano network started supporting smart contracts to step up its functionality and make a major push towards becoming an advanced cryptocurrency.

Cardano (ADA) logo
Cardano (ADA) logo

Cardano (ADA)

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Why invest in Cardano?

For the last few years, Cardano has been one of the top cryptocurrencies in terms of its sheer growth rate. That makes it hard to ignore as an investment.

Rising concerns around climate change and energy consumption puts Cardano at an advantage. Cardano’s platform uses a much more environmentally friendly proof-of-stake mechanism. Other traditional cryptocurrencies, like Bitcoin, use a less energy-efficient proof-of-work mechanism.

Still in development, Cardano is working towards its third stage, called the Basho upgrade. During that upgrade, the coin will supposedly “scale up” to function faster and support many more transactions. Such functionality should correlate to direct growth in Cardano’s crypto value, making it a promising line of investment.

What are Cardano’s pros and cons?

PROS

  • Being more energy-efficient than many other cryptocurrencies, like Bitcoin, Cardano has the potential to grow significantly by addressing concerns about climate change.
  • You can buy Cardano in Canada easily by using reliable crypto platforms, such as Coinberry.
  • Cardano is peer-reviewed, meaning academic professionals approve the platform’s published papers. That process makes ADA more credible than some other cryptocurrencies.

CONS

  • Because of Ethereum’s widespread popularity and use, it remains one of Cardano’s biggest competitors.
  • Like other crypto, Cardano’s prices are volatile and can change quickly.

What makes Cardano stand out?

Cardano stands out for investors as one of the most environmentally friendly blockchain platforms in the world.

As well, you easily can make passive income by staking your ADA. Once you buy Cardano, you can transfer it to a wallet that supports ADA staking. By selecting a stake pool and committing your ADA coin, you can earn rewards just for being a part of the community.

By letting you generate income just by holding the coin, Cardano stands out as a cryptocurrency for anyone who worries about the risks of investing in crypto coins.

Unsure where to buy Cardano (ADA) in Canada? Buy it using Coinberry in 3 easy steps:

1

Create your account.

Sign up now, or download our Coinberry app from Google Play or the App Store. Like the crypto markets, we’re available 24/7.

2

Get verified.

After you sign up, you’ll need to verify your account.

Over 90% of our members get verified immediately, and then start trading right away.

3

Buy Cardano (ADA).

You can buy ADA right away at the best rates.

Get started with as little as $50 CAD. You can use a bank wire or an Interac e-Transfer to fund your account.

Buy Cardano

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