Buy ADA in South Africa
Buy Cardano (ADA) in South Africa
If you're wondering how you can buy Cardano in South Africa, we've got you covered! You can buy Cardano in 3 simple steps using Fivewest's instant buy/sell service:
- Create and verify your account. Sign up and complete KYC verification.
- Place your buy order. Select ADA, enter your purchase amount in ZAR.
- Pay and receive your ADA. Choose payment method, complete payment, and receive ADA in your wallet.
Why choose Fivewest?
When looking to buy Cardano's ADA token in South Africa, FiveWest should be your first choice. Here are some of the key reasons to use FiveWest:
Best fees - FiveWest offers some of the lowest trading fees in South Africa, allowing you to get the most ADA for your money.
No slippage - With FiveWest's instant buy feature, you lock in the ADA price shown with no order slippage.
Secure wallet - Your purchased ADA is delivered instantly to your FiveWest wallet, giving you full control without relying on an exchange.
Convenience - No more waiting around. FiveWest makes buying ADA with ZAR fast and easy with just a few clicks.
With these advantages, FiveWest is clearly the premier platform for South Africans to buy, sell and store Cardano's ADA cryptocurrency. The rest of this guide will walk you through step-by-step how to use FiveWest to buy and store your ADA.
Cardano is a blockchain platform that aims to be an Ethereum killer. Created by Ethereum co-founder Charles Hoskinson in 2015, Cardano seeks to solve some of the issues he saw with the Ethereum network. Since its launch, Cardano has partnered with organizations and governments to further develop its technology and real-world use cases.
A Brief History of Cardano
2015 - Charles Hoskinson and his companies Input Output Hong Kong (IOHK) and the Cardano Foundation begin working on the Cardano blockchain. 2017 - IOHK partners with universities around the world for blockchain research. Hoskinson donates to the University of Wyoming to support blockchain development. 2018 - IOHK partners with the Ethiopian government to build an immutable record-keeping system to track student identities and performance. How Cardano's Blockchain Works Cardano uses a proof-of-stake consensus protocol that is designed to be energy efficient. The native ADA token functions as a payment currency and is used to pay transaction fees.
The Cardano blockchain has two layers:
- Settlement layer - Where users can transact ADA. Transactions use a UTXO model like Bitcoin for security.
- Computation layer - Where smart contracts are deployed and executed. This separation provides scalability and efficiency.
Where to Buy Cardano (ADA) in South Africa?
FiveWest - The easiest and fastest way to buy ADA in South Africa. FiveWest allows you to instantly buy ADA directly with ZAR. It uses a non-custodial model, meaning you retain control of your crypto. FiveWest also has low fees compared to other crypto platforms in South Africa.
Step-by-Step Guide to Buying ADA
Follow these steps to buy ADA on FiveWest:
- Create an account and complete KYC verification
- Deposit ZAR into your Fivewest wallet
- Select ADA and enter your desired purchase amount in ZAR
- Swap ZAR for ADA and receive ADA in your wallet shortly after payment
With FiveWest's instant buy feature, buying and securing ADA in South Africa is easier than ever! Sign up today to get started.