Cardano is an open-source blockchain, which supports smart contracts. It is founded on first principles and a scientific research methodology, where systems, concepts and protocols are peer-reviewed by the brightest minds in academia. The Cardano platform will enable the safety and security that financial smart contracts need for mass adoption. Cardano aims to solve supply chain tracing issues and track unique items to make sure they are not fraudulent. Cardano’s native digital currency, ADA, has an ambitious goal of becoming a global financial system on the blockchain platform. ADA holders can spend Cardano globally with merchants connected to the blockchain.
To achieve their open-source vision, Cardano (ADA) has 5 distinct ‘eras’ of updates. These are Byron, Shelley, Goguen, Basho, Voltaire. Each era of Cardano is named after famous people in history. For example, Cardano is named after Geralamo Cardano, a famous Italian polymath.
Cardano has a unique team of people working on it and founded by two of the founders of Ethereum, Charles Hoskinson and Jeremy Wood. The three companies handling the Cardano project are the Cardano Foundation, Input Output Hong Kong (IOHK) and Emurgo. IOHK is the main company responsible for the engineering and development of Cardano. Emurgo is a Japanese company responsible for developing business relationships to drive the use of Cardano. The Cardano Foundation’s role is to drive the adoption of the Cardano blockchain among everyday users.
Check out our in-depth Cardano guide on Swyftx Learn.
Where can I buy ADA?
If you are looking to trade Cardano (ADA) in Australia, you will need to purchase it through a cryptocurrency broker/exchange that lists the token. Swyftx is a secure crypto exchange allows users to trade ADA with some of the lowest trading fees and spreads in Australia.
How do I buy Cardano ADA with Swyftx?
To buy ADA, log into your Swyftx trading account or create an account. To create an account, you’ll need to provide your name, email address and phone number. The next step is to verify your account. Account verification is typically completed in under 2 minutes and you won’t be required to submit any documents.
You can deposit funds into your account via debit card. Once your funds have been successfully deposited, you can start trading Cardano immediately. Simply enter the amount of ADA you want to buy. If you’re happy with the price, tap the ‘Buy ADA’ button to complete your Cardano purchase. Alternatively, if you would like to sell Cardano, you can do so by clicking the sell tab.
If you are looking to buy other digital currencies, Swyftx lists over 260 crypto assets. You can use fiat currency or other cryptocurrency coins/tokens as the payment method to buy Cardano at the market price.
Why Buy ADA with Swyftx?
There are many benefits to using the Swyftx crypto trading platform to buy Cardano ADA in Australia. Swyftx is an Australian-owned and operated exchange and offers customer support, meaning that if you need assistance, you can talk to a real person, rather than be stuck with chatbots and scrolling through online forums.
Our exchange has extremely low fees (0.6% fee per trade) and spreads making it one of the most affordable exchanges in Australia to buy, sell and trade Cardano. On top of our low fees and quality customer support, Swyftx has a number of handy features to improve your trading experience. Features include:
- Demo mode: Learn to trade without committing yourself financially. Demo mode gives you mock currency to buy and sell digital currencies allowing you to get a better understanding of the markets.
- Price alerts: You can monitor price movements on Cardano and other cryptocurrencies with price alerts. You can set up an alert when the price of Cardano reaches your desired price point, allowing you to buy ADA for a bargain.
- Coinswap: Swap allows you to exchange one cryptocurrency for another. This saves you the hassle of buying Cardano with fiat currency.
View this in-depth Swyftx review for more details.
