How to Buy Cardano (ADA) in Pakistan

Cardano, with the trading symbol of ADA, is a platform to develop smart contracts over blockchain technology. Though Ethereum is already doing that but Cardano promises to overcome the shortcomings of Ethereum blockchain, specially the transaction fee & time.

The current market capitalization of Cardano (ADA) is over 16 billion USD & it’s priced at around $0.65 USD. It holds the 5th rank in top performing (based over market cap) cryptocurrencies. Because of it’s use cases similar to Ethereum (which at the moment is priced at over $1,000 USD) & growing market capitalization, significant increase in price of this crypto coin seems inevitable.

Buying any cryptocurrency in Pakistan is not that easy. With very limited access to online payment options, you would need to get hold of some Bitcoins first. Follow the guide to signup over Bitcoin & other cryptocurrency exchanges (if you haven’t already) and then follow the below steps to buy Cardano (ADA) from the easiest accessible crypto exchange of Binance.

How to Buy Cardano (ADA) From Binance

• Sign in to your Binance account
• Go to Exchange > Basic

• Type ADA in the search box at your right side (ADA is the symbol of Cardano) & click over it. This’ll open up the Cardano buying/selling options.

• Right below the graph in the center of your screen, you’ll find Buy ADA & Sell ADA buttons

• This is the section of Binance trading platform where you can buy Cardano with 3 sets of options:

1. Limit: with limit option, you can set your preferred buying price of Cardano. Your buying order will only get processed if your preferred buying bid is hit.
2. Market: with market option, you can buy Cardano at the available price. (recommended for new users). Simply enter the amount of ADA you want to buy & the trading platform will execute the trade right away.
3. Stop-Limit: this option is only for the advance users. Only those, who’ve experience in financial market tradings, should use it. So, i’m not going to explain it because if you’re an experienced user, you don’t need an explanation & if you’re not an experienced user, it NOT for you!

Once you’ve completed your trade, you can visit Funds > Balance section of your Binance account to verify your Cardano (ADA) purchase.

So, now you’ve converted your Bitcoins into Cardano (ADA) coins. I hope your investment gets you the returns you’re expecting! At the time of writing this article, Cardano is priced at $0.65 USD or PKR 72 appx. Let us know how much you’ve bought the Stellar for & how much gains you’re expecting, in the comments section below.