What is Cardano (ADA)?
Cardano is an open-source, proof-of-stake (PoS) blockchain platform designed for the development of decentralised applications. It is smart contracts platform that aims to improve on the scalability issues that Bitcoin has. Cardano is one of the biggest blockchains platforms to successfully use a proof-of-stake algorithm. ADA is the native token of the Cardano network and is designed to ensure holders of the token can participate in community governance and other operations of the network.
In 2015, the Cardano network was conceived. Charles Hoskinson, the co-founder of Bitshares and Ethereum, founded the Cardano Project. Cardano’s primary objective is to establish a stable ecosystem of cryptos all over the world. Its goal is to solve the scalability issue and offer an alternative to high transaction charges found on the Ethereum and Bitcoin networks. It is also recognised as the only crypto network undergoing comprehensive peer reviews by experts to ensure that it gives its users the best bang for their buck. Cardano is currently used by agricultural companies for the purpose of tracking fresh produce from the farm to the fork. Other products built on the Cardano blockchain platform allow for educational credentials to be stored in a safe and secure manner. To Buy Cardano in New Zealand, sign up to the Swyftx Crypto Exchange.
Check out our in-depth Cardano guide on Swyftx Learn.
How to buy Cardano (ADA) in NZ
You can buy Cardano ADA in New Zealand on a registered cryptocurrency exchange, like Swyftx. Swyftx allows you to buy, sell and trade Cardano and over 250 digital assets. If you’re looking to buy ADA Cardano in NZ, you’ll first need to create an account with Swyftx. To sign up, you’ll need to provide a few basic details like your name, email address and phone number. Next, you’ll need to verify your ID by submitting a form of government-issued photo identification. This step typically only take a few minutes to complete. Following ID verification, you can then deposit NZD into your account via debit card. Once the funds have been received, you can then buy Cardano (ADA) and other cryptocurrencies.
Why use Swyftx to buy Cardano?
The Swyftx cryptocurrency exchange offers users a seamless trading experience. If you’re not ready to buy Cardano with real money, you can use our demo mode to mock trade with artificial currency. Our demo mode is great if you’re looking to get into cryptocurrency and learn the markets without committing yourself financially. Swyftx has a number of advanced features to improve your trading experience. You’ll have the ability to set automatic, price-triggered buy and sell orders. Other features include a custom dashboard customer support and live chat. We understand that getting into crypto for the first time can be intimidating and confusing. Our team of customer support specialists are here to help you along the way, assisting you with any questions or concerns you may have.
