The ninth largest coin by market capitalization was worth almost 14% more during early Asian trading hours.

The growth was driven by retail traders’ demand. Live data showed a 186% increase in the number of wallets holding Cardano’s token ADA for more than a month, CoinDesk reported.

This short guide covers everything you need to know regarding the Cardano network, coin, and even where you can buy Cardano.

Cardano is available at the top places

ADA is a brand new asset so it has yet to be listed at major exchanges. ADA can be bought using a DEX (decentralised exchange), however, there are a few more steps. These are the steps to buy ADA now:

1. Buy BNB on a regulated exchange or broker, like Binance ›

Binance is one of the most popular multi-asset trading platforms in the world. Binance also offers a wallet and exchange all in one with the lowest fees. It is also user-friendly and offers more payment options than any other service.

2. Your BNB can be sent to a compatible wallet such as Trust Wallet or MetaMask

To create your wallet and get your address, you will need to send your coins.

3. Connect your wallet and Pancakeswap DEX

Visit Pancakeswap to ‘connect’ you wallet.

4. Now you can swap your BNB to ADA

You can now exchange for 100s of coins, including ADA, once you have connected.

What is Cardano exactly?

Cardano is one of the biggest blockchains to apply a proof-of-stake consensus mechanism successfully, which is less energy intensive than Bitcoin’s proof-of-work algorithm.

Cardano claims that every technology it develops is subject to peer review. This means that any ideas are open for criticism before being accepted. This ensures that the Cardano blockchain remains stable and can be used to anticipate potential problems.

As open-source code software, Cardano’s functionality runs on the premise of confidential transactions and crystal-clear transparency throughout the network.

End users are empowered with zero-disclosure proof, which allows for mathematical consistency in the entire transaction procedure.

Should I purchase Cardano today

It is difficult to predict cryptocurrency prices accurately so you should always do a thorough market analysis before making any financial decisions. Don’t invest more than you can afford to lose.