Buy Cardano with a Credit Card
You can buy ADA for USD and other fiat currencies here at SwapSpace! We provide an easy way to do that via our partner Mercuryo with a few simple steps right on this page. You can also look at Cardano price dynamics and history, get some answers to your questions, and find some useful links to read more on what is ADA.
Cardano Live Price Chart
ADA price can be volatile. You can see the history of price changes in the cryptocurrency price chart below to help you make the best decision while considering buying crypto.
ADA stands for Cardano, which is a blockchain platform and cryptocurrency. It was created to provide a more secure and scalable infrastructure for the development of decentralized applications (dApps) and smart contracts. Cardano aims to combine academic research and scientific philosophy with blockchain technology to create a platform that is secure, sustainable, and capable of supporting a wide range of applications.
Cardano was founded by Charles Hoskinson, one of the co-founders of Ethereum, and its development is managed by the Cardano Foundation, Input Output Hong Kong (IOHK), and Emurgo. The project has gained attention for its focus on peer-reviewed research, formal verification of software, and a layered architecture designed to enhance scalability and sustainability.
Cardano utilizes a unique consensus mechanism known as Ouroboros. Ouroboros is a proof-of-stake (PoS) consensus protocol, specifically designed to be secure, scalable, and energy-efficient. It is the underlying algorithm that determines how blocks are added to the Cardano blockchain and how the network reaches consensus.
The Ouroboros protocol operates through a process called "slot leaders" where certain stakeholders are randomly chosen to create and validate blocks. These slot leaders are responsible for proposing and minting new blocks in the Cardano network. The selection of slot leaders is based on the stake they hold in the network, with those holding a larger stake having a higher probability of being selected.
To ensure the security and integrity of the blockchain, Cardano utilizes a multi-party computation (MPC) process called "Genesis." Genesis ensures that the randomness used in the slot leader selection process is unpredictable and resistant to manipulation.
Cardano's consensus protocol is divided into epochs, which are further divided into slots. An epoch is a predefined period of time during which slot leaders are selected and blocks are produced. Each slot represents a fixed unit of time, and within each slot, a single block is added to the blockchain. This design allows Cardano to achieve high scalability and transaction throughput.
Ouroboros is constantly being enhanced and upgraded through research and development. It has undergone several iterations, including Ouroboros Classic, Ouroboros Praos, Ouroboros Genesis, and Ouroboros Hydra, each bringing improvements in security, efficiency, and performance to the Cardano network.
The Cardano ecosystem is a comprehensive network of entities, technologies, and projects that revolve around the Cardano blockchain platform. It encompasses various components aimed at enabling the development, deployment, and utilization of decentralized applications (dApps), smart contracts, and digital assets.
At the core of the ecosystem is the Cardano blockchain, which serves as the decentralized ledger for recording transactions and executing smart contracts. It is built using a layered architecture to enhance scalability, security, and interoperability.
The Cardano ecosystem offers a range of development tools and frameworks to support developers in building dApps and smart contracts on the platform. This includes the Plutus smart contract development platform and the Marlowe domain-specific language (DSL) for financial contracts.
Cardano Foundation, IOHK, and Emurgo: These are the three main entities responsible for the development, promotion, and support of Cardano. The Cardano Foundation focuses on community engagement and adoption, IOHK (Input Output Hong Kong) leads the technical development, and Emurgo works on commercial partnerships and ventures.
The Cardano ecosystem encourages the development of dApps across various industries, including finance, supply chain management, identity verification, and more. These dApps leverage the Cardano platform's features and capabilities to provide innovative solutions.
The cryptocurrency associated with the Cardano platform is called ADA. It serves as a native token for various activities within the Cardano ecosystem, such as participating in the platform's proof-of-stake consensus mechanism, facilitating transactions, and incentivizing network participants. It is used for various activities within the ecosystem, including transaction fees, staking, and participating in the platform's governance.
Where and How to Buy ADA Tokens
To buy ADA, you should select a reputable cryptocurrency exchange that supports ADA. You can also, of course, just buy ADA with fiat right here at SwapSpace — just follow the instructions on this page.
After your purchase is complete, transfer the ADA tokens to a secure wallet. While some exchanges offer their own wallets, it is generally recommended to use a hardware wallet or a software wallet that allows you to control your private keys. Popular ADA wallets include Daedalus (official wallet) and Yoroi (a lightweight wallet).
How to Buy ADA on SwapSpace
On this page, we put USD in the “You send” and ADA in the “You get” sections in the widget. USD is the default, but you can choose your preferred fiat currency. Put in the amount of fiat you want to spend. Next, press the ”View offers” button and choose a provider.
Fill in the “Enter the recipient address” field with the destination Cardano address. Check the information carefully and click the “Next” button. After reading the special terms and conditions in the next window, click “Next” again.
At this point, you will either see our partner’s widget or be redirected to another page, depending on the chosen provider. You will be asked to verify your identity, as this is standard practice for the services that work with fiat money. Follow the provider’s instructions on the screen.
After completing the KYC procedure, fill in your credit card information. At this point, everything is in place and your transaction will start.
Wait for the transaction to process. You’ll see a message when it’s completed. A window with your transaction details will also appear; from there, you can also create another crypto-fiat exchange.
Convert Fiat to Crypto Now
If you’re still just considering buying crypto with a credit or debit card, you can use the widget to play with our cryptocurrency converter: just put the amount of ADA you want and see how much USD, EUR, or other fiat currency it will cost you.