Cardano is available to buy from Clanz' digital currency exchange, with some of the lowest industry fees. Clanz offers investors and traders a secure, simple way to buy or trade Cardano.
Cardano uses a proof-of-stake (PoS) model, rather than a proof-of-work consensus process. Therefore, ADA tokens cannot be mined. However, there are many additional ways to obtain ADA, such as:
ADA can be purchased with fiat money or traded for other cryptocurrencies. Before trading Cardano, check the most recent prices, market size, trading volume, and other fundamental and technical research.
There are two ways to receive ADA rewards via staking — via delegation or direct staking into a staking pool. Staking ADA provides you with a passive income stream, while assisting with the security and stability of the Cardano network.
ADA holdings can also be lent to promote liquidity on some trading platforms, including CEXs and DEXs.
Holders of ADA can stake Cardano in various places, including digital wallets, cryptocurrency exchanges, DeFi apps, and even on Cardano's official wallet, Daedalus.
You can become a validator in the blockchain and participate in Cardano's governance by staking ADA using Daedalus as a complete node wallet. It is also among the safest choices for Cardano staking.
Although staking through Daedalus can enable you to host your own Cardano node, it can involve significant storage commitments. Staking via the Clanz wallet is a less time-consuming choice.
This option is easier and provides a more user-friendly setting for staking your ADA tokens.
You can hold your Cardano in your Clanz wallet as a long-term investment, exchange it for Australian dollars or another cryptocurrency, stake, or send it to another Cardano wallet.
Practising safe investing to minimise risk is crucial when buying Cardano or any cryptocurrency. The first step to safely buy cryptos is to choose a safe digital currency exchange like Clanz. We’re a licenced Digital Currency Exchange with AUSTRAC (DCE100639664-001), and hold an Australian Financial Services Licence (518031). For more information, visit clanz.com/security