What are Cardano and ADA?
Cardano is a public proof-of-stake blockchain. ADA is the cryptocurrency of the Cardano network, so when you buy Cardano through a crypto exchange, you’re buying ADA.
ADA is used on Cardano to pay transaction fees, vote in governance and pay for services in applications built on Cardano. People often use “Cardano” and “ADA” interchangeably, but Cardano is the network and ADA is the asset.
How to invest in Cardano in the US
One option is the Crypto.com App. The basic flow is:
- Sign up and verify your identity.
- Top up your account.
- Go to the trading screen, select Cardano and complete your purchase.
You can download the Crypto.com App or register online, then confirm your email and complete identity verification before funding your account.
How can you fund a Cardano purchase?
In the App, you can fund your account with a bank transfer, debit or credit card, Apple Pay, Google Pay, PayPal or a crypto deposit from another wallet. ACH and wire transfers are bank transfer options for US users.
The minimum amount required to invest in Cardano on Crypto.com is US$1. This means you can buy a small amount of Cardano rather than commit a large upfront amount.
How is Cardano investing different from day trading?
Investing in Cardano usually means buying and holding it over a longer period, with the expectation that its value may increase over time. It is generally less sensitive to short-term price movements than day trading.
Day trading means actively buying and selling Cardano over short timeframes, often within the same day, to try to profit from price volatility. It requires more time, skill and risk management because outcomes depend heavily on timing and market swings.
Services, features and other benefits referenced in this article may be subject to eligibility requirements, token holdings, and may change at the discretion of Crypto.com.
