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Launched in 2017 by Charles Hoskinson, Cardano stands out as a scalable and sustainable blockchain. It offers an advanced infrastructure especially for decentralized applications (dApps) and smart contracts. Cardano utilizes a layered architecture and a unique consensus algorithm called Ouroboros. Occupying a significant place in the cryptocurrency market, Cardano (ADA) draws the attention of investors with the opportunities it provides. By reading this article, you can learn in full detail how to buy and sell ADA.
Cardano (ADA) has become a major focus of interest for investors in the cryptocurrency market. To buy ADA, you first need to create your EgeMoney account. During the account creation process, you must verify your email address and identity. Your account is activated after verification.
After creating your account, you can easily deposit money via bank transfer. After depositing money, you can buy ADA with the balance in your EgeMoney account. You can place a purchase order to start buying ADA from the EgeMoney market page. You can make a purchase at the market price or at a price level you have set.
The process of selling Cardano (ADA) is also straightforward. You can place a sell order using your EgeMoney account. After specifying the amount of ADA you want to sell, you need to detail your sell order. You can sell at market price, at a price level you have set, or by using P2P platforms. After confirming your sell order, your transaction is queued, and your ADAs are sold. For more information, you can visit our related blog post.
There are some critical points to consider when buying and selling Cardano (ADA):
You may encounter additional costs in ADA buying and selling transactions. These costs are:
Spread represents the difference between the buying and selling price. In exchanges with high liquidity, this difference is usually smaller, reducing your costs.
On EgeMoney, you can generally buy and sell digital assets like Cardano (ADA) instantly. However, transaction speed can vary depending on factors such as liquidity, transaction volume, and the overall state of the network. Particularly during peak trading hours or possible network congestions, the confirmation time of your transactions may be extended.
Yes, unless there is an extraordinary situation on the EgeMoney platform, you can sell the ADA asset you bought today tomorrow or at any time you want. EgeMoney allows its users to trade at any time and day of the week. However, remember that market conditions and liquidity status can affect the speed of your transactions.
The minimum purchase amount of ADA can vary over time like other cryptocurrencies. You can check the current minimum purchase amount from the relevant section on the EgeMoney platform.
The maximum purchase amount of ADA may vary depending on the limit policies applied by EgeMoney. These limits are set according to users’ account levels, verification status, and daily trading limits. If you want higher trading limits, you will need to complete your account verification and meet other necessary conditions. You can find current information on maximum purchase limits on our website.
EgeMoney is known as a recognized and trusted platform in the cryptocurrency sector. By protecting the funds of its users against potential risks, it offers a secure trading environment for investors. Thanks to its user-friendly interface, you can easily perform your ADA buying and selling transactions and manage your account comfortably. As EgeMoney has a high liquidity capacity, the likelihood of encountering fast transactions and advantageous price offers is quite high.
Another significant advantage of EgeMoney is that it offers competitive transaction fees. The affordable fees offered on this platform allow you to take a more economical path in your trading transactions, thus increasing your potential for earning more. If you want to evaluate your investments on a high-performance and user-oriented platform, you can consider the advantageous trading fees offered by EgeMoney.