How Tos

How to Buy Cardano in Australia

Quick Take: The most secure and affordable way to buy the cryptocurrency Cardano (ADA) in Australia is by going through a regulated and licensed cryptocurrency exchange like CoinSpot.

Timothy Wilson
June 26, 2022
Verified Author

This guide shows Aussie investors the easiest way to buy and stake the token Cardano (ADA) on Australia’s largest exchange, CoinSpot. You can invest and stake Cardano on many platforms and we will explain why CoinSpot is the best option of them all.

Table of Contents

Where to Buy & Stake Cardano Crypto in Australia

CoinSpot is Australia’s largest and most secure cryptocurrency investing platform. It is the only high-security exchange in Australia and the only one to obtain the ISO 27001 standard security certificate. To acquire this certification an exchange must undergo an SCI Qual International security audit. 

In addition to its high security, CoinSpot also offers the largest selection of cryptocurrencies and Australian deposit methods out of any Australia-based exchange. It also offers the highest APY (Annual Percentage Yields) for Cardano in Australia. SwyftX also offers Cardano staking but the returns are much lower than CoinSpot.

If you’re interested in learning more about CoinSpot, you can visit our CoinSpot Review.

CoinSpot Home Page
CoinSpot Home Page

How to Buy and Earn Cardano (ADA) in Australia

Buying and Staking (earning) the cryptocurrency Cardano is easier than ever when you go through CoinSpot. In the below guide, we show Australians how to buy Cardano via Bank Transfer but you can also use POLi, PayID, BPAY & Cash deposit. Follow the steps to get started.

  1. Sign up to CoinSpot and verify your identity
  2. Select ‘Deposit Funds’ and click ‘Direct Deposit’
  3. Copy CoinSpot’s details into your banking app and send funds via OSKO
Deposit Funds via Direct Deposit on CoinSpot
  1. Once your funds have arrived to your CoinSpot account, click the ‘Buy/Sell’ tab and search for ‘Cardano’
  2. Enter the amount of AUD you want to invest and select ‘Buy’
Buy Cardano (ADA) on CoinSpot
  1. Once you have purchased Cardano, it will reflect in your account instantly. To check if your Cardano have arrived, go to the ‘Wallets’ tab and select ‘Cardano’ 
  2. Here you can verify your funds have arrived, if you wish to stake/earn on your crypto, simply select ‘Earn’ and input the amount of Cardano you wish to stake
Cardano Wallet on CoinSpot
Cardano (ADA) Wallet on CoinSpot

What is Cardano (ADA)?

ADA is the native token of the Cardano network and is named after Ada Lovelace, the first-ever computer programmer. It has consistently been a top 10 cryptocurrency by market capitalisation since its release in 2015.

Cardano is a PoS (proof-of-stake) blockchain platform, it was the first to be founded on peer-reviewed research and developed through evidence-based methods. The network is secure enough to protect the data of billions, it’s scalable enough to accommodate global systems and robust enough to support foundational change.

Cardano Live Price in AUD

Below you can find the live price in AUD of the cryptocurrency, Cardano (ADA).

Visit CoinSpot

Author Bio

Timothy Wilson was a former Prop Trader for a notable crypto trading fund based in Hong-Kong. He built BCA after deciding he wanted to focus his career on educating new users about Crypto and DeFi.

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