Cardano is a blockchain launched in 2015 as an advanced alternative to existing chains. Great for deploying smart contracts and applications. Its native cryptocurrency ADA serves to transfer transactions within the network and is used to confirm transactions through the Proof-of-Stake mechanism. In this article, the editors of Profinvestment.com will tell you how to get and earn Cardano (ADA) in 2022, because this coin is consistently among the top coins in terms of market capitalization, and its rate is steadily growing against the backdrop of not only a general bullish trend, but also the introduction of new developments.
How to get Cardano through purchase
Cryptocurrency exchanges. Many platforms work with Cardano, including: Binance, EXMO, FTX, OKEx, Huobi, Cex.io, Kraken. If you plan to make a purchase using fiat, then keep in mind that almost all exchanges require identity verification for this. Otherwise, this is a fairly convenient and fast method, which is also associated with relatively small commissions. Fees can often be further reduced by using exchange-traded tokens (such as BNB from Binance) and increasing trading volume.
Exchangers. Without verification, you can quickly purchase Cardano for fiat money, cryptocurrencies or stablecoins through exchangers. Examples of sites that support this currency are Cosmochanger, MChange, ExchangeKey, NiceChange, Baksman, Kursov24, AbcObmen. All of them support a wide range of payment methods: purchases are available with bank cards, Qiwi, Umani, Payeer, AdvCash and many others. Some exchangers even support cash purchases, in which case you will need to visit the company’s office.
Telegram bots. Many exchangers (for example, NiceChange, AbcObmen) also support the ability to exchange via Telegram bots. Just write to the bot via messenger, select the currency of payment, receipt, create an application. Then it remains to pay for it and receive a return transfer from the exchanger. Be careful when adding bots, so as not to get caught in the networks of scammers who make bots with similar names.
Wallets. It is possible to directly purchase ADA from a card through cryptocurrency wallets, such as Atomic Wallet. However, it is not always possible to use ruble cards for this purpose, dollar cards are more often supported. The commission is higher than in exchanges or exchangers, averaging 5%. But this method is one of the fastest and most convenient.
Staking Cardano (ADA)
ADA can be earned by staking, receiving passive income from your savings. While some networks require assets to be locked up for a fixed period of time when staking, Cardano makes it easier to deposit and withdraw assets at any time. By staking ADA, you support the network by helping it run smoothly and receive tokens as a reward.
You can stake Cardano using the official Daedalus wallet or third-party wallets Atomic, Exodus, etc. Features of the process:
The minimum bet amount is from 5 to 10 ADA (depending on the wallet)
Additionally, the wallet charges a certain amount (for example, Exodus 2 ADA) for address registration. If you exit staking, then this amount is returned.
It is impossible to put part of the funds from the address, because complete address is entered. Therefore, it is necessary to transfer the required number of coins to the new address in advance.
Rewards are distributed every 5 days (“epoch”). But beyond that, the wallet may require a waiting time of up to 20 days for approval.
Cardano (ADA) earnings on faucets
Cryptocurrency faucets (crypto faucets), that is, services with free distribution of cryptocurrency, are also available to receive a small amount of Cardano. The following faucets with this coin are currently working:
- Free Cardano
- Final Autoclaim
In order to earn ADA with faucets, you need to visit sites at regular intervals and collect rewards by solving captchas or watching ads. Upon reaching the minimum amount on the account, you can withdraw cryptocurrency to any wallet, or you can set up automatic payments.
Where to store Cardano
The official Daedalus wallet , which we talked about in the staking section, can act as a secure storage for the Cardano (ADA) cryptocurrency. In addition, you can use third-party wallets :
- Exodus
- Atomic
- Yoroi
- Infinito
- AdaLite
- Ledger Nano
In addition, you can use accounts of centralized crypto exchanges to store cryptocurrency .
Conclusion
You can get or earn Cardano (ADA) by buying, staking, or faucets – the choice of method depends on your initial goals and capabilities. In terms of investment, Cardano is now showing itself as a promising asset, but it all depends on how popular this blockchain will be for the development and use of decentralized applications, including DeFi. With competitors such as Ethereum and Binance Smart Chain, it is difficult to win market share, but users are gradually appreciating the benefits of alternative chains.
