How to buy Cardano (ADA) in Australia

Learn how to buy Cardano (ADA) easily by following a step-by-step guide and compare 10+ crypto exchanges.

Swyftx Cryptocurrency Exchange

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  • Buy ADA and 310+ cryptocurrencies
  • Fast online ID verification & deposits
  • Low fees and spreads
  • Demo mode for beginner traders
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How to buy Cardano

Look for an exchange that supports both fiat and cryptocurrency to simplify buying Cardano.

  1. Open an account on an exchange that supports ADA.
    Jump to our table to compare popular options — just remember that most exchanges require an email address, phone number and proof of ID to register.
  2. Deposit funds into your account.
    Fund your account with a bank transfer, pay with a credit or debit card or deposit cryptocurrency from a crypto wallet to buy Cardano.
  3. Buy Cardano.
    Complete your Cardano purchase and then find the best wallet to store ADA.
Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

What is Cardano?

ADA is the native cryptocurrency of the Cardano blockchain. The primary use of the coin lies within the network's proof-of-stake mechanism. This involves token holders locking away (staking) ADA coins to validate transactions and secure the blockchain.

A transaction fee must be paid in ADA when using the Cardano blockchain. This allows validators in the network to complete the transfer within Cardano's settlement layer (see below for more details). All applications that are built on the Cardano blockchain will use ADA for transactional fees.

The coin also carries monetary value and, therefore, can be used to transact between friends, pay for goods and services and deposit funds on an exchange or decentralised application.

The supply of tokens is capped at a maximum of 45 billion ADA. Cardano is being built with two layers – the Cardano Settlement Layer and the Cardano Computation Layer. The two layers provide the flexibility businesses need to tailor smart contracts to their requirements.

  • Cardano Settlement Layer. The settlement layer acts as the platform's balance ledger. It uses a proof-of-stake (PoS) algorithm to generate new blocks and confirm transactions.
  • Cardano Computation Layer. The execution layer for smart contracts. The Cardano team will soon be launching a new programming language (Plutus) that will be used to build smart contracts.

Instead of using a proof-of-work consensus algorithm like Bitcoin, Cardano uses a proof-of-stake algorithm called Ouroboros. Under this system, blocks are generated and transactions verified by slot leaders, or validators. Anyone who holds ADA tokens can become a slot leader, with slot leaders randomly chosen using a coin-flipping protocol.

Cardano (ADA) is the 6th largest cryptocurrency in the world by market cap, valued at $33,869,926,051. The current price of Cardano is $1.06, which is 3.607% higher than yesterday. Prices have ranged between $1.06 and $1.01 over the past 24 hours. All prices are listed in US dollars and accurate as of January 28, 2022 09:01 UTC.

Where to buy Cardano

Find an exchange to buy, sell and trade ADA by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the provider.

Name Product Deposit methods Fiat Currencies Cryptocurrencies
Digital Surge Cryptocurrency Exchange
Bank transfer, Cryptocurrency, POLi, Osko, PayID
AUD

287
cryptocurrencies

Finder Exclusive: New members get $10 bonus after verification. T&Cs apply.
An Australian based exchange with a focus on simplicity that allows users to purchase a range of cryptocurrencies with AUD.
Swyftx Cryptocurrency Exchange
Bank transfer, Credit card, Cryptocurrency, Debit card, Osko, PayID
AUD, NZD

312
cryptocurrencies

Finder Exclusive: Receive $10 BTC on Sign up and Verification.
Buy and sell a wide range of cryptocurrencies at competitive rates on this Australian exchange.
CoinSpot Cryptocurrency Exchange
Bank transfer, BPAY, Cash, Cryptocurrency, POLi, PayID
AUD

353
cryptocurrencies

CoinSpot is an Australian exchange that lets you easily buy, sell and trade more than 290 cryptos.
Binance Cryptocurrency Exchange
Credit card, Cryptocurrency, Debit card, Osko, PayID
USD, AUD, GBP, CAD, EUR, CNY, RUB, TRY, NGN, UAH & 40+ more

353
cryptocurrencies

Binance is the world’s largest exchange by trading volume. Get started with instant zero fee AUD deposits and withdrawals in Australia, and enjoy low trading fees, a wide selection of cryptocurrencies and 24/7 local customer support.
Independent Reserve Exchange
Cryptocurrency, SWIFT, Osko, PayID, EFT
AUD, NZD, USD

27
cryptocurrencies

Trade AUD and other fiat currencies against a wide range of cryptos at competitive rates.
eToro Cryptocurrency Trading
Bank transfer, Credit card, Debit card, Neteller, PayPal, Online banking, Skrill
EUR, GBP, NZD, USD, AUD, CAD, HKD, SGD, CHF, NOK & 5+ more

19
cryptocurrencies

Disclaimer: Volatile investment product. You should consider whether you can afford to take the high risk of losing your money.
Copy the trades of leading cryptocurrency investors on this unique social investment platform. $10 minimum deposit.
Coinstash Cryptocurrency Exchange
Bank transfer, Cryptocurrency, PayID
AUD

251
cryptocurrencies

Buy 250+ different cryptocurrencies using AUD with competitive trading fees on this Australian-owned and operated exchange.
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Cardano at a glance

Information last updated January 28, 2022 09:01 UTC.
Coin symbol ADA
Coin Marketcap US$33,869,926,051
Total ADA supply 45,000,000,000
Circulating ADA 32,066,390,668
Current price US$1.06
All time high US$3.09

Cardano price performance over time

Historical prices compared with the price of US$1.06.

1 hour 1.65%
24 hours 3.61%
7 days -16.06%
14 days -14.45%
30 days -25.04%
60 days -33.56%
200 days -21.55%
1 year 238.78%

How to sell Cardano

You can cash out your ADA with the same exchange you bought it through:

  1. Sign in to the exchange you have ADA on.
    If you store your Cardano in a digital wallet, compare crypto exchanges to sell it on.
  2. Place a sell order.
    Choose the amount of ADA you'd like to sell.
  3. Complete your transaction.
    Confirm the sell price and fees and close your sale of Cardano.

What to consider when buying Cardano

Cardano aims to challenge Ethereum as the premier smart contract platform. Despite recent progress, there remain several aspects of the project you may want to consider before investing. Weighing the various benefits and risks of the protocol can help you make an informed decision:
  • Cardano has a unique multiple layer architecture, including separate settlement and computational layers, ensuring scalability and fast transactions.
  • Cardano benefits from extensive academic backing. This gives the project considerable credibility in the scientific community.
  • Despite the length of time spent on its progression, Cardano’s transparent roadmap continues to keep investors apprised of current and future developments.
  • Cardano’s team of developers are well respected in the space. The protocol boasts ample resources and solid name recognition.
  • Cardano has seen tremendous progress toward its goals. Nevertheless, the proof of stake, smart contract field has become crowded since Cardano's initial launch. As an unfinished product, much of Cardano’s value is still based on the protocol’s potential.

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