With more than 300+ cryptocurrencies, OKX offers the easiest method to buy ADA. Sign up instantly to start buying ADA with popular crypto like BTC, ETH, and through fiat using your credit card, debit card or bank transfer. The following are several important uses of ADA for trading enthusiasts and beginners.
Short or long-term trade
HODL ADA for speculative gains since the value of cryptocurrencies can often increase with time, subject to favorable market conditions. But if you want to earn profit in the short term, you can trade ADA frequently on the OKX trading portal or use our trading bot for different strategies.
Diversify risk
Buy Cardano to ensure that your crypto portfolio risk is diversified so you don't lose all your funds if the price of one of your crypto assets falls.
Stake Cardano to validate transactions
You can stake your Cardano tokens to become a Cardano network validator. Validators are responsible for ensuring that correct transactions are recorded on the blockchain. As a validator, you will receive ADA rewards according to the number of assets you staked. You can also assign your tokens to a staking pool to earn a reward share.
Stake Cardano in DeFi for passive income
Through OKX, you can stake ADA to earn high interest. Using our "Earn" feature, subscribe to Cardano staking with variable yields and staking periods.
Pay transaction fees on the Cardano network
The Cardano network charges nominal fees to process and store transaction data, allowing you to use ADA to pay for transactions on the Cardano blockchain.
Vote for the future of Cardano
In the Cardano ecosystem, every ADA holder has the right to vote on proposals for the deployment of upgrades or development of the blockchain.
Use ADA as payment
You can use your ADA tokens to pay for several goods and services. More and more merchants around the globe are adding ADA as a payment option every day.
OKX enables you to conveniently buy Cardano tokens using credit cards, digital wallets, bank transfers, and even other major cryptocurrencies, including BTC, ETH, and USDT. After processing your payment, your purchased ADA tokens will automatically be credited to your OKX account within seconds. Sign up to get the process started today.
