Quick summary: Our recommendation is to use the crypto exchange Swyftx to buy Cardano. They have over 300 cryptocurrencies available, have a fantastic app and great customer support. You also get $20 free BTC once you start trading!
Australia has a decent number of reliable and regulated crypto trading platforms, so it’s quite easy finding an exchange that has Cardano. While each one comes with its own feature-set and fee structure, most crypto exchanges function very similarly when it comes to buying crypto.
Let’s get into it!
How to Buy Cardano in Australia
There are only 4 main steps involved and it’s pretty straightforward:
1. Choose a crypto exchange
As mentioned above, we have plenty of options when it comes to Australian crypto exchanges. While that’s great, you ideally want to do a bit of research so you can use one that has a decent fee structure and more importantly, has Cardano in its list of cryptocurrencies.
Personally, we really like Swyftx, they have over 300 cryptocurrencies, a very smooth process for buying crypto, and their support team has been fantastic.
And if you sign up through our site, you’ll get 20$ worth of free BTC once you start trading, which is always nice.
So for this guide on buying Cardano, we’ll be using Swyftx as the exchange to go through. Any exchange would work of course, as long as they offer Cardano.
Alternatively, if you want to know more about which exchanges we like, check our list of the top crypto exchanges.
2. Sign up with the crypto exchange
Once you’ve decided on which exchange to use, it’s time to sign up.
Swyftx has a very streamlined sign-up process in place. The first step is to fill in the sign-up form.
Next up is to go through their basic verification process, called a KYC, which is required by law here in Australia. This should be very quick and easy.
Once done, it’s time for the next step.
3. Funding your account with AUD
To buy Cardano, you first need to transfer AUD to your Swyftx account using one of the many deposit methods available. From bank transfer to PayID, POLi pay and credit cards, plenty of options to choose from.
4. Buy Cardano
The final step is to go to their asset list, find Cardano, navigate to the buy section, and then trade your AUD for some ADA. Once you’ve bought Cardano, you can track how much you’ve gained or lost either in the app (they have a great app), or on desktop on the left-hand side under your cryptocurrency list.
Where to Buy Cardano (ADA)
|5/5||300+ cryptocurrencies||Visit Swyftx|
|4/5||200+ cryptocurrencies||Visit Coinspot|
|3/5||400+ cryptocurrencies||Visit Binance|
Disclaimer: Trading, investing, and dealing with digital and cryptocurrencies might involve a lot of risks. Their prices are volatile and performance is unpredictable. Their past performance is no guarantee of future performance.
Affiliate Disclosure: This site is supported by its users. We may receive commissions for purchases made through the links on our site. This does not impact our reviews, guides or comparisons.
How to Sell Cardano
If you’re thinking about selling Cardano, just follow the steps below.
- Sign in to the cryptocurrency trading platform (like Swyftx).
- Click on Cardano in your list of cryptocurrencies, or find your trading account if you’re using an exchange with different accounts.
- FInd the sell section and sell Cardano for AUD, or trade it for another cryptocurrency.
Frequently Asked Questions
Is buying Cardano in Australia legal?
Yes, you can legally buy and trade cryptocurrencies in Australia. We do of course recommend only using crypto exchanges regulated by AUSTRAC.
How to buy Cardano with PayPal?
Unfortunately, most crypto exchanges in Australia don’t support PayPal. The only exchange that you could use is eToro, but their cryptocurrency list is quite limited so you might not find Cardano. Have a look on their site first, you might be lucky.
How to buy Cardano with a credit card or debit card?
Most top exchanges support buying crypto with a credit or debit card. We would recommend Swyftx to buy Cardano with your credit/debit card.
Cardano, a proof of stake blockchain platform, claims its goal is "changemakers and innovators" to create positive global change.
Check out our Cardano deep dive to learn more about the project.
Open-source projects also aim to "redistribute the power from unaccountable structuri to the margins of individuals" -- creating a more secure, transparent, and fair society.
Cardano was established in 2017 and was named after Gerolamo Cardano, a 16th-century Italian polymath. Ada Lovelace (1919-1999), widely regarded as the first computer programmer in the world, is the native ADA token's name. The ADA token was created to allow owners to participate in the operation and maintenance of the network. The cryptocurrency holders have the ability to vote on proposed software changes.
According to the team behind the layered Blockchain, there are already compelling uses for its technology. It aims to enable modular development of decentralized apps as well as smart contracts.
Charles Hoskinson, the Alonzo hardfork's launch was announced in August 2021. This caused Cardano prices to soar, climbing 116% the next month. The Cardano Alonzo’ hard fork was officially launched on September 12, 2021. This brings smart contract functionality to blockchain. Within 24 hours of the launch, more than 100 smart contracts had been deployed.
Cardano is used to track fresh produce from the field to the fork by agricultural companies. Other products built on Cardano allow educational credentials to remain secure and can be accessed in a tamperproof manner. This allows retailers to crack down on counterfeit goods.