Most major crypto platforms accept credit cards, making them a convenient way to purchase Cardano. Let’s delve into how to buy Cardano with a credit card and the best places to do so.
You can purchase Cardano with a credit card online using a cryptocurrency exchange. This is the easiest way to buy and sell cryptocurrencies—all you need is a computer or mobile device. See below for our top picks of platforms that offer Cardano and simple steps to buy Cardano with a credit card.
Pick a platform (a regulated one if you want to keep your funds safe) and fill in any personal details requested in the sign-up process. You’ll also need a photo ID to complete KYC. Sign up now with our top recommendation below.
If your platform accepts credit cards, this will be listed among the deposit options. Just head to the deposit page, select credit card and enter how much you wish to transfer in order to fund your account.
Search your platform for the trading pair for ADA and your local currency. If you want to buy Cardano straight away at the current price, you can simply place a market order. Use a limit order if you want to specify a future price.
A reputable and regulated platform is the safest place to purchase Cardano. You may also want to look into which features a platform offers and what fees it charges. We’ve shortlisted the best crypto platforms below to help you get started.
Here are some factors to help you decide whether to purchase Cardano with your credit card.
Pros
Fast. You can usually purchase Cardano instantly if you use your credit card.
Secure. Credit cards are a secure way to pay and tend to provide protection against fraud.
Finance large purchases. You can make a large purchase of Cardano with your credit card and pay for it later or pay it off in installments.
Widely accepted. You will have plenty of choice of where to buy Cardano as credit cards are widely accepted.
Rewards. Many credit card providers offer cashback or rewards programs when you use your card.
Cons
Overspending. You borrow money when you use your credit card and you will have to pay it back with interest, so there is a risk of spending more than you can afford.
High fees. Deposit fees are often higher for credit cards than other payment methods. Your credit card provider may also charge annual fees and late payment fees.
Most platforms charge a fee for credit card deposits and the precise fee should be specified on the deposit page. There may be other costs associated with the buying process, such as blockchain transaction fees and any spread, commission, or trading fees charged by your platform.
As long as you can afford to pay back what you borrow plus any fees, a credit card could be a great way to purchase Cardano for those who value speed, convenience, and universal acceptance.