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How to Buy Cardano (ADA) • ETH Alternative • Benzinga




Wondering how to buy Cardano? You can buy ADA on Coinbase!

One of the biggest problems legacy blockchains face when adapting to new demand is scalability. Both Ethereum and Bitcoin are proof of work cryptocurrencies with intentionally small blocks that only allow for a few transactions per second (this is needed for security). Proof of work consensus also uses extreme amounts of electricity as a way to make malicious behavior costly.

Cardano uses an eco-friendly proof of stake (PoS) consensus model to secure its blockchain, and some speculate the project will be an alternative payment method to Bitcoin. However, the cryptocurrency more closely competes with Ethereum, as it seeks to build a more scalable decentralized finance ecosystem. The Cardano blockchain uses a native cryptocurrency asset called ADA to power its platform, whose price indirectly reflects demand for space on the blockchain.

Find out about more about Cardano’s blockchain and how to buy Cardano (ADA) today.

What is Cardano?

Cardano is a public blockchain for settling payments that recently completed its “Alonzo” hard fork which introduced smart contracts onto the network. Much controversy has surrounded the launch of these smart contracts, as they didn’t immediately lead to booming decentralized finance and NFT ecosystem. However, some Cardano applications are finally rolling out, with many more planned for the rest of 2022. This may lead to a boom in demand for Cardano block space.

Cardano’s blockchain uses proof of stake to verify transactions that come across the network. Coin holders can stake their ADA for the right to verify transactions and earn the transaction rewards. Cardano uses a tiny sliver of the energy that Bitcoin does at the cost of centralization. When it comes to blockchains, decentralization is equivalent to security.


Understanding Proof of Stake

“Stakers” in a proof of stake (PoS) network are like the miners in proof of work (PoW) network. Staking avoids the energy-intensive algorithms run by PoW miners who race to verify the chain’s integrity. Instead of using intensive computing to incentivize truthfulness, stakers lock up tokens which can be slashed for misbehavior. This results in a similar incentive structure with drastically less energy consumption.

Brief History of Cardano

Charles Hoskinson was 1 of 8 co-founders of Ethereum, but left the project in 2014 when Vitalik Buterin opted to make Ethereum a non-profit organization. This disagreement led Hoskinson to start his own smart contract blockchain competitor, known as Cardano. Cardano began development in 2015 and launched in 2017, although smart contracts are still not supported by the network.

Cardano opted to launch its network with multiple layers. The Cardano settlement layer handles ADA transactions, while the Cardano Computation Layer handles smart contracts. The Cardano Settlement Layer launched in 2017 along with the ICO of its native asset, ADA, which conducted its initial coin offering at $0.02 per token. Since then, ADA has appreciated over 2500% making it one of the largest cryptocurrencies by market cap.

How to Buy Cardano (ADA)

  1. Open an online exchange account.

    Since Cardano is a top cryptocurrency project, it’s offered on most large exchanges. Coinbase is a solid option, and they offer simple user interfaces that are easy for anyone to get started on.

    After you have your information ready, choose an exchange that supports the purchase and transfer of ADA. If you aren’t sure where to begin, consider a few of our top choices listed below. 

  2. Buy a wallet (optional).

    If you’re purchasing Cardano as an investment, then you’ll want to protect it by keeping it in a wallet where you manage the private key. After you purchase ADA from your exchange, they’ll typically hold custody of your funds. This is convenient for trading, however, leaving it on the exchange makes it much more vulnerable to hacks.

    Your best bet for the most security it to purchase 1 of the cold storage wallets listed below. Cold storage means your private key will never touch the internet and cannot be stolen that way. Just make sure to follow the guidelines for backing up your cold storage wallet in case you lose it.

  3. Make Your Purchase

    Now that you’ve set up a funded exchange account and have a safe place to store your valuable coins, it’s time to convert some USD to ADA. Simply navigate the Cardano page on your exchange and make your purchase.

Take a look at some of the cryptocurrency brokers and exchanges that offer ADA.


Coinbase is one of the Internet’s largest cryptocurrency trading platforms. From Bitcoin to Cardano and Basic Attention Token to Chainlink, Coinbase makes it exceptionally simple to buy and sell major cryptocurrency pairs. 

You can even earn cryptocurrency rewards through Coinbase’s unique Coinbase Learn feature. More advanced traders will love the Coinbase Pro platform, which offers more order types and enhanced functionality as well as lower fees.

Though Coinbase doesn’t offer the most affordable pricing or the lowest fees, its simple platform is easy enough for complete beginners to master in as little as a single trade.

Best Crypto Wallets for ADA

You shouldn’t store your cryptocurrency assets on an exchange, as they’re large targets for hackers. Exchanges hold custody of your crypto, so if a security breach occurs you could be left coinless. To mitigate this risk, you should store your cryptocurrency in a dedicated wallet. The 2 most popular types of crypto wallets are hardware and software wallets.

Software wallets are free to use, and you can download them on your phone or desktop. While these wallets are generally secure, the safest way to store crypto is on a hardware wallet. Hardware wallets store cryptocurrency offline, making it impossible for online hackers to access your funds. Check out our top cryptocurrency wallet picks to store your crypto safely.

securely through Ledger Hardware Wallet’s website

Best for Mobile Use: Ledger Nano X

If you’re looking for a one-stop-shop for all of your crypto cold storage, the Ledger Nano X might be the right choice for you. The Nano X supports over 1,200 individual cryptocurrencies, and you can install upwards of 100 decentralized apps on your device. 

The Nano X even offers Bluetooth compatibility, which makes it easier to transfer your coins after you make a new purchase. With a wide range of application choices, highly secure cold storage and easy connectivity features, the Nano X’s $118 price tag can be worth the expense.

Trade or Sell Your Cryptocurrency

After your order closes, you’ll need to decide whether you want to become an active cryptocurrency trader or if you want to hold onto your coins and sell them at a later date. If you want to trade your cryptocurrency, keep track of how the Cardano market is moving and convert it to a stablecoin (like Tether) when the price rises to lock in gains. 

Most cryptocurrency traders then hold onto their stablecoin until the price of Cardano falls again. Some cryptocurrency traders play the markets to accumulate more coins, while others are short-term traders looking to lock in profits in fiat currency.

If you decide to hold onto a chunk of your Cardano for the long haul, you should move your coins to a cold storage wallet. This provides you with private key necessary to access your coins and mitigates the possibility of being hacked. When you decide to sell your coins, transfer your coins from your cold storage back to your trading account and convert them back to fiat currency. 

Current Crypto Prices

After a lull in the markets over the 2nd half of 2021, the cryptocurrency industry has seen newfound traction in 2022. Most cryptocurrencies are up from their local low prices just a few months ago, and bullish sentiment has entered the market once again. With Bitcoin ETFs recently being approved by the securities and exchange commission (SEC), many investors are bullish on the asset class as a whole. Checkout the table below for real-time cryptocurrency prices.

Is Cardano a Good Investment?

Bitcoin and Ethereum currently use the energy intensive proof of work consensus model, however Ethereum plans to upgrade to proof of stake as a part of its major Ethereum 2.0 upgrade which is supposed to be completed in 2022. In the meantime, Cardano has a chance to steal new traffic that would have otherwise been built on Ethereum.

This can’t happen until Cardano supports decentralized applications at scale, which was supposed to happen by the end of 2021. With Cardano not delivering on its roadmap, there may be better Ethereum alternatives out there, such as Solana and Avalanche. Regardless, Cardano’s ADA token has performed well in 2021, and will more than likely continue to yield high returns throughout the remainder of the bull run.

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PrivaCrip to Power a Blockchain Network That Could Follow Cardano & XRP




PrivaCrip to Power a Blockchain Network That Could Follow Cardano & XRP




When the first decentralised blockchain was popularised in 2008 by Satoshi Nakamoto, the door was open for people across the globe to transact more securely and seamlessly. Many blockchain networks have been built and powered by native crypto tokens, including PrivaCrip (PRCR).

Native tokens exist for several reasons. Aside from acting as digital currencies, they perform various functions. Helping blockchains improve data traceability, security, transparency, and trustworthiness shared throughout the network. They also assist in reducing costs through their ever-evolving efficient methods.

Cardano (ADA) and Ripple (XRP) are among the best blockchain-based cryptos that this article will discuss. We will also look at how PrivaCrip (PRCR) will power a blockchain network set to launch into the crypto space.

Top Tier Crypto Makes its Mark – Cardano (ADA)

Cardano (ADA) has been around in the crypto space since 2017. The Proof-of-Stake (PoS), Ouroborous Cardano (ADA), was established using a research-based methodology.

Research is the backbone of Cardano (ADA) and is integral to its success in the cryptocurrency market. Cardano (ADA) uses an evidence-driven mechanism and peer-reviewed research to run its ecosystem to drive its evolution.




Among many things, Cardano (ADA) helps establish DeFi products and provides a suite of financial solutions. Crypto enthusiasts can stake Cardano (ADA) for a chance to earn rewards for their holdings.

With 2022 providing challenges in cryptocurrencies across the globe, Cardano (ADA) is one of the few cryptos to see a surge in on-chain trading volume this year. CoinMarketCap lists Cardano (ADA) as the 7th largest crypto by market capitalization at the time of writing.

Making Waves – Ripple (XRP)

Launched in 2012, Ripple (XRP) is a leading provider of crypto solutions for businesses. Ripple (XRP) provides developers with a solid open-source foundation for executing demanding projects. It is fast, energy-efficient, cost-effective, and reliable.

The solutions provided by Ripple (XRP) enable developers to solve inefficiencies, including asset tokenization and remittance. Therefore, individuals and businesses may apply Ripple (XRP) for DeFi, payments, tokenization, and more.

Crypto enthusiasts with a long-term focus may find Ripple (XRP) a valuable investing tool. Token holders can use Ripple (XRP) for staking its mainnet platform for a chance to grow their earnings and maximise profit.

At the time of writing, it ranks number 6 on CoinMarketCap, making it a cryptocurrency to buy now.

The New Face Of Privacy – PrivaCrip (PRCR)

The soon-to-launch PrivaCrip (PRCR) is a cryptocurrency built for Web3 data privacy. It will allow users to develop and use permissionless and privacy-preserving applications. This unique feature of PrivaCrip (PRCR) secures apps, protects users, and fosters the creation of many new Web3 uses.

PrivaCrip (PRCR) will drive a blockchain that creates a more empowering and inclusive internet. It will enable developers to build secure dApps using private contracts based on original privacy research (OPR) to revolutionise Web3.

PrivaCrip (PRCR) will begin pre-sale soon and has an initial token price of 0.10 USD. According to the whitepaper, there will be a total supply of 190 million tokens, of which 40% of the total supply will go to the pre-sale.

Crypto enthusiasts who purchase PrivaCrip (PRCR) during the pre-sale will receive the most significant long-term rewards and bonuses. Those who buy with Bitcoin (BTC) will receive a 10% bonus. Also, those using Ethereum (ETH) to purchase will receive 15% of the total PrivaCrip (PRCR) they purchase as a bonus.

10% of PrivaCrip’s (PRCR) total supply is up for distribution as staking rewards, meaning that token holders who stake will receive rewards for their contribution to the crypto’s advancement.

The Bottomline 

Blockchain networks are continuously evolving, and so are the crypto tokens that power them. Cardano (ADA) and Ripple (XRP) have contributed tremendously to the success of their blockchain networks, gathering mass appeal.

PrivaCrip (PRCR), for its part, will drive a security-enabled blockchain and scalability in private DeFi, empower data tokenization, and bring together a fast-growing community. Acting on its promise, it has the potential to become the next big mover in cryptocurrency.

For more on PrivaCrip (PRCR), check below:





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Cardano (ADA) Withdrawal Fees Waved by Bitrue Exchange




Cardano Reaches “Important Milestone” on Road to Vasil Upgrade

Alex Dovbnya

Singapore-based cryptocurrency exchange made Cardano one of its base trading pairs earlier this year

Singapore-based cryptocurrency exchange Bitrue announced that it had temporarily waived withdrawal fees for the Cardano (ADA) cryptocurrency.

The trading platform says that the move is meant to celebrate the support it received from the community behind the cryptocurrency.

Users will be able to withdraw ADA without paying any fees until mid-September.

Bitrue has stressed that it wants users to have “as much choice as possible” when it comes to custody options. Those who want to hold their ADA tokens will not be able to do so without paying an additional commission.

At the same time, Bitrue has touted its “Power Piggy” yield-farm investment program for those who want to earn passive income with ADA.

As reported by U.Today, Bitrue introduced the token as its base currency back in February.

In June 2021, it also became the first cryptocurrency trading platform to add support for Cardano-based native tokens.

Last month, Bitrue also announced a staking initiative with the ADA cryptocurrency. It decided to contribute a million tokens to some of the top Cardano staking pools in an effort to boost the level of decentralization.

Earlier this year, SundaeSwap (SUNDAE), the native token of the SundaeSwap exchange, also became available on Bitrue.

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WingRiders Losses 59% Of Its Total Value Locked, Plunges Cardano TVL Below $100M




Cardano Founder Charles Hoskinson Criticize SEC Cracking Down on Companies Outside Its Jurisdiction

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Popular Cardano-based decentralized exchange WingRiders has lost its position as the most valuable DEX on Cardano. 

WingRiders slumped from the first position to third after losing more than 59% of the total value locked (TVL) on the platform in the past 30 days. 

At the time of writing this line, WingRiders is now the third-largest DEX by total value locked, with a TVL of $19.66 million. It is noteworthy that WingRiders maintained the top spot for more than two months, claiming  42% of TVL On Cardano. However, the DEX has fallen from glory ever since. 

Minswap Is Now Cardano’s Most Valuable DEX

The development also affected the total value locked on Cardano. The total value locked on Cardano has fallen below $100 million in the last 30 days after the WingRiders TVL slumped. 

cardano total value locked
Cardano total value locked

Interestingly, Minswap has taken the lead to become the most valuable decentralized exchange on Cardano after the massive decline of WingRiders’ TVL. 

At press time, Minswap is leading, with a $49.09 million total value locked on the platform. The DEX hit the milestone after recording a massive growth of 30.9% in its TVL in the past 30 days. Minswap accounts for 51.82% of the total value locked on Cardano. 

SundaeSwap, the first decentralized exchange on Cardano, is now the second most valuable DEX in the ecosystem. SundaeSwap is second in the ranking, with $19.72 million in TVL. 

Like WingRiders, SundaeSwap has also lost a significant amount of its TVL over the past 30 days. In the past month, SundaeSwap has lost nearly 10% of the funds locked on the platform.

Commenting on the development, Cardano Daily, a platform that shares new developments about Cardano, said: 

“After the major decline of @wingriderscom, the TVL scenario of the Cardano ecosystem has stabilized back to normal as we have seen in the past few weeks. @MinswapDEX still led the ecosystem with $51M TVL, contributing 50% of the ecosystem.” 

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