How to buy Cardano (ADA)?

Last updated:2023-11-01

ADA is the native token of the Cardano blockchain. Cardano is an open-source blockchain platform designed to provide secure, scalable, and sustainable support for decentralized applications (DApps) and smart contracts. It was created by one of the co-founders of Ethereum, Charles Hoskinson, in 2017. Cardano aims to compete with and improve upon decentralized platforms like Ethereum, offering higher performance and scalability.

Cardano employs a proof-of-stake (PoS) consensus mechanism called Ouroboros. Validators must stake a certain amount of ADA and are rewarded based on the quantity they have staked. This consensus mechanism is designed to ensure network security and encourage token holders to actively participate in network operation. Cardano is known for its scientific principles and research-based approach, widely recognized and accepted in the blockchain community.

ADA tokens are a fundamental component of the Cardano blockchain platform, facilitating value transfer and transaction fee payments within the network. They can also be staked to become validators, contributing to network security and consensus. The total supply of ADA is 45 billion.

Purchase ADA Process

Step 1 - Create an LBank Account
Register or log in to your LBank account.
Step 2 - Choose your preferred way to purchase ADA

Buy ADA at market price or set a buying price you desire, with the most popular ADA currency pair, ADA/USDT.

>>Go to Spot Trading
Step 3 - Successful Purchase

Your purchased is now in your wallet.

If you haven't received your cryptocurrency, seek help from Support Center or Online customer service .

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Given the market nature of cryptocurrencies, the price of ADA is subject to high market risks and price fluctuations. We recommend that you understand the operation principles of digital assets and related risks before investing in digital assets. Other factors to consider when formulating a cryptocurrency investment strategy include your own experience level, financial condition, investment goals, and risk tolerance. It is also recommended to consult an independent financial advisor before purchasing cryptocurrency. The information provided is for reference only, and LBank does not guarantee its accuracy.