Top 5 best exchanges to buy Cardano in Vietnam

Cardano is a blockchain project that has been in development since 2015 and recently officially launched its mainnet, allowing developers to build projects on the platform. With impressive development, Cardano has quickly become one of the leading blockchain projects, with a top 5 position in market capitalization. Sometimes, Cardano even ranks in the top 3 just behind Bitcoin, Ethereum and BNB.

In order not to miss the opportunity in this emerging blockchain ecosystem, a lot of people are interested in buying Cardano. Here is some important information about buy Cardano ada, how to buy and suggest top 5 exchanges to buy Cardano in Vietnam.

List of top 5 exchanges to buy Cardano

1. Binance: Binance is a leading cryptocurrency exchange with low fees, high security, and a variety of trading pairs. Binance offers multiple Cardano purchasing options and has an easy-to-use interface for users.
   
2. Kucoin: Kucoin is a popular cryptocurrency exchange with a wide range of ADA trading pairs. This exchange is famous for its user-friendly interface and strong security features, including a two-layer account protection system.
   
3. Bitget: Bitget is a cryptocurrency exchange specializing in futures trading. This exchange offers ADA trading pairs with leveraged trading features and powerful analysis tools, attracting professional investors.
   
4. eToro: eToro is a popular social trading platform that allows users to buy and sell Cardano as well as follow and copy the trades of other successful investors. This creates a social trading environment and helps new users access the cryptocurrency market.
   
5. OKX: OKX is a trusted cryptocurrency exchange with a wide range of ADA trading pairs. This exchange is famous for its leveraged trading feature and futures trading support, attracting both individual and institutional investors.
   

   

What is Cardano?

Cardano, similar to Ethereum, is a decentralized and open-source blockchain that allows developers to deploy applications via smart contracts without worrying about security and scalability. This creates a favorable environment for the development of new applications on the Cardano platform.

The Cardano project was founded in 2015 by Charles Hoskinson, who is also the co-founder of Ethereum and BitShares. With Hoskinson's experience and vision, Cardano has attracted interest and trust from the community. In 2017, Cardano succeeded in raising capital through an initial coin offering (ICO) and obtained quantity money up to 60 million dollars. This number shows the community's strong trust and faith in Cardano's potential and vision.

With its growth and potential, Cardano has attracted the attention of many investors and developers. With the goal of building a sustainable and scalable blockchain platform, Cardano is becoming one of the leading blockchain projects on the market.

Cardano ecosystem highlights

ADA, Cardano's native token, is in the top 10 in terms of market capitalization, despite not being used much in the DeFi sector. It is worth noting that approximately 70% of ADA's circulating supply is staked, showing the community's strong confidence in Cardano's future.

Cardano is an organization focused on applying blockchain and DeFi to the p2p transaction service real life applications. They aim to build a sustainable and scalable blockchain platform that solves real problems and creates value in the community.

Project Catalyst is a bright spot in the Cardano ecosystem. This is a DAO (decentralized automation organization) system operated by ADA holders, with reserves of up to billions of dollars. Project Catalyst has allocated funding to more than 1,300 proposals in seven previous allocations. Currently, Project Catalyst's Fund8 is underway and will allocate approximately $16 million to further proposals.

This organization not only focuses on developing blockchain technology, but also creates a diverse community and contributes to building real-life applications on the Cardano platform.

Cardano tokens

Below is updated information about the Cardano (ADA) token as of January 2024:

• Market capitalization (Marketcap): $20 billion.
• Trading volume (Volume): $800 million.
• Rank: #6.
• Highest price ever (All-Time High – ATH): $3.09 (September 2, 2021).
• Lowest price ever (All-Time Low – ATL): $0.017 (October 1, 2017).
• Circulating Supply: 33.63 billion ADA (accounting for 75% total supply).
• Total Supply: 45,000,000,000 ADA.

Exchanges that can trade ADA: Binance, Huobi, Kucoin, Gate, Coinbase, OKEx,…

What is Cardano used for?

Cardano (ADA) is used right in the following key cases on the Cardano network:

1. Payment: ADA is used as a payment fee when users issue assets (UIA) on the Cardano network.

    

   

2. Currency: ADA can be used as a currency, allowing users to make transactions and exchange value on the Cardano network.
   
3. Rewards: ADA is used as a reward for nodes in the Cardano network when the staking function is enabled. Users can stake ADA and receive rewards when the node creates a new block.
   
4. Staking: ADA can be staked through pook staking, allowing users to participate in the process of securing and maintaining the Cardano network. By staking ADA, users can receive rewards.
   
5. Transaction fees: ADA is used to pay transaction fees on the Cardano network. Transaction fees are calculated based on a formula, which includes constants and the size of the transaction.

Instructions on how to buy ADA at Binance

You want to buy cryptocurrency but don't know where to buy Cardano? Don't worry! Binance offers many options so you can easily buy several cryptocurrencies including Cardano, with the lowest fees and highest security.

Step 1 

Create a free account on the Binance website or app. Binance is a popular centralized exchange that allows you to buy many cryptocurrencies, including Cardano. You can register by 

• Personal email
• Mobile phone number.

Step 2

Choose the ADA purchase method. On the Binance website, just Click “Buy Crypto” to learn about ADA purchasing options in your country. You might consider buying a stablecoin like USDT first, then use it to buy ADA.

Step 3

Check payment information and fees. Confirm ADA buy order within 1 minute at current price. After 1 minute, the system will recalculate the order according to the market price. You can click “Reload” to see the new amount of the order.

Step 4

Store or use ADA on Binance. After purchasing ADA, you can store it in your personal crypto wallet or in your Binance account. You can also trade ADA for other cryptocurrencies or participate in staking on Binance Earn to earn passive income. 

If Today If you want to trade ADA on another decentralized exchange, you can consider Trust Wallet, a cryptocurrency wallet that supports millions of assets and blockchain.

FAQ

Which is the best exchange for Cardano investors?

The best exchange for Cardano investors is Binance, with low fees, high security and a variety of ADA trading pairs. Binance offers multiple Cardano purchasing options and has an easy-to-use interface for users.

Where does the ADA coin rely on to develop its value in the future?

Cardano is a blockchain platform that aims to build an ecosystem electronic money Sustainable encryption and decentralization. With the implementation of technological innovations and partnerships with organizations and governments, Cardano has the potential to grow in value in the future.

What is Cardano and what is its long-term value?

With a focus on sustainability and decentralization, Cardano aims to provide a safe, secure and scalable cryptocurrency ecosystem.