Unlike other sites, we let you compare more than a dozen exchanges where you can buy Cardano (ADA) based on trading fees and payment methods, meaning it's easier to find the cheapest and easiest places to buy Cardano.
The easiest and cheapest place to buy Cardano in Australia is via a dedicated cryptocurrency exchange.
You can follow the steps below to get started:
You can buy Cardano on more than a dozen crypto exchanges in Australia.
You can compare crypto exchanges based on their payment method options below:
We currently don't have that product, but here are others to consider:
How we picked theseThe best place to buy Cardano in Australia is arguably via a crypto exchange that lets you deposit AUD for free and offers Cardano (ADA) spot markets like Kraken or CoinSpot.
A spot market is like a marketplace where you can buy and sell cryptocurrencies directly with other users. This means you can actually set the price you want to buy Cardano at (known as a "limit order"), instead of simply getting the current price.
Spot markets also offer much lower trading fees than instant purchase options, which can charge more than 10 times as much as the spot market. For example, CoinSpot charges a 0.10% trading fee when buying Cardano with AUD on the spot market, but charges a 1% (plus spread) if using the instant purchase method.
You'll need the following if you want to buy Cardano via a crypto exchange:
Much like Ethereum, Cardano (ADA) is a layer-1 blockchain that supports smart contracts. Its infrastructure enables decentralised applications (dapps) to be built on its network, which operates under a proof-of-stake consensus.
Its success as a cryptocurrency can be at least partly attributed to its founder, Charles Hoskinson, a notable figure in the crypto space and one of the co-founders of Ethereum.
The Cardano roadmap (also referred to as development eras) is broken into 5 stages – foundation, decentralisation, smart contracts, scaling and governance. It aims to be a scalable, interoperable and sustainable blockchain for real-world applications and the future economy.
While Cardano has significant goals and a strong team, it has been consistently overshadowed by its slow development cycle, which has seen its usability fall behind that of many other competing networks like Ethereum and Solana.
"Cardano has remained one of the largest and most popular cryptocurrencies since it launched in 2017 and has taken a somewhat unique research-based approach to blockchain technology. While some investors believe this will help make Cardano the dominant smart contract platform in future, others are skeptical that it can deliver on its promises. It also lacks the same level of activity as its main competitors like Ethereum and Solana, ranking outside the top 10 platforms for total value locked (TVL), according to DefiLlama."
| Coin symbol | ADA |
|---|---|
| Coin Marketcap | AUD$24,889,037,294 |
| Total ADA supply | 45,000,000,000 |
| Circulating ADA | 35,988,173,820 |
| Current price | AUD$1.0930914 |
| All time high | AUD$7.7104 |
| All time high date | September 02, 2021 |
| Notable team members | Charles Hoskinson |
| Partnerships | Dish, Chainlink, Near Protocol |
| Industry | Blockchain platform |
| Token uses | Utility token, rewards |
| Network | Cardano |
Historical prices compared with the price of $1.0930914.
| 1 hour | 1.72% |
|---|---|
| 24 hours | 4.88% |
| 7 days | -9.30% |
| 14 days | -0.12% |
| 30 days | 6.85% |
|---|---|
| 60 days | -28.57% |
| 200 days | 94.48% |
| 1 year | 12.78% |
Kylie Purcell is the senior investing editor for Finder.
Disclaimer: Cryptocurrencies, including Cardano, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of ADA is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the Cardano or any other cryptocurrency discussed.
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