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About Cardano (ADA)

Cardano is an open-source blockchain platform that supports smart contracts and decentralized applications. It is based on scientific research principles and its protocols, concepts, and systems are peer-reviewed by leading academics. Its primary focus is to provide the safety and security required for financial smart contracts, with the goal of enabling mass adoption.

Cardano's native digital currency, ADA, allows holders to make global transactions with merchants connected to the blockchain. The platform aims to solve supply chain tracing issues and prevent fraud by tracking unique items.

Cardano has evolved through different eras of updates, each named after a famous person in history, including Byron, Shelley, Goguen, Basho, and Voltaire. These updates bring new functionalities and features, making the platform more efficient, secure, and scalable.

The project is led by a unique team, including the founders of Ethereum, Charles Hoskinson, and Jeremy Wood. It is managed by three companies, the Cardano Foundation, Input Output Hong Kong (IOHK), and Emurgo. IOHK is responsible for the engineering and development of Cardano, Emurgo drives the use of the platform, and the Cardano Foundation aims to drive adoption among everyday users.

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How to Buy Cardano (ADA) in Australia

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Cardano FAQs

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Where is the best place to buy Cardano (ADA)?

The best place to buy Cardano is right here at Swyftx! Swyftx offers a fast and user-friendly platform that allows traders to easily deposit Australian dollars to trade ADA and other cryptocurrencies instantly. We offer competitive fees and excellent customer support and we are proud to be Australia's highest-rated crypto exchange as per Trust Pilot’s Reviews.

How is the price of ADA determined?

The price of ADA is determined by the forces of supply and demand in the market. Similar to other assets, the price of Cardano is determined by the number of buyers and sellers in the market at any given time.

Some significant factors that can influence the demand for ADA are adoption rates, macroeconomic factors, news events, upgrades and advancements in its tech and investor sentiment.

Can I buy Cardano with credit card?

Swyftx does not allow you to directly buy Cardano with credit card, however, we do support credit and debit card deposits. Once your deposit has arrived in your account, you can then buy ADA instantly.

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What is Cardano (ADA)?

Cardano is a proof of stake blockchain that aims to bring about positive global change. Read this guide to learn more about Cardano.

Dislcaimer: The information is for general information purposes only and should not be taken as investment advice, personal recommendation, or an offer of, or solicitation to, buy or sell any assets. It has been prepared without regard to any particular investment objectives or financial situation and does not purport to cover any legal or regulatory requirements. Customers are encouraged to do their own independent research and seek professional advice. Swyftx makes no representation and assumes no liability as to the accuracy or completeness of the content. Any references to past performance are not, and should not be taken as a reliable indicator of future results. Make sure you understand the risks involved in trading before committing any capital. Never risk more than you are prepared to lose. Consider our Terms of Use and Risk Disclosure Statement for more.