After Bitcoin came the array of new alternative coins or altcoins. One such is ADA, the native cryptocurrency of Cardano. And like in the case of other cryptocurrencies, people search for a reliable Cardano wallet. Talking about ADA, this cryptocurrency is built upon the Cardano blockchain, it makes the best use of the Ouroboros Praos PoS algorithm, an energy-efficient in comparison to PoW (proof of work).
It can be explained as the first blockchain protocol based on peer-reviewed research. At present, there are around 2,924 validators of Cardano worldwide. The trading of its cryptocurrency ADA is done against 391 pairs across more than cryptocurrency exchanges, where it is listed. When it comes to cryptocurrency, we think about the storing mechanism where users can keep their ADA coins safely. This brings the need for the best Cardano wallet.
There are many options to search for the top Cardano wallet online. Some of the
best examples of Cardano wallet android include Binance. Adding one more example is Trezor. It is known to be the best Cardano hardware wallet.
Reviewing Cardano wallets
Now we are going to do reviewing of Cardano wallets. But before that let us have a quick overview of the specialty of Cardano.
Around $6oo million in addition to daily trading volume is managed by Cardano. The market cap of this cryptocurrency is around $16 billion. This makes it rank 8 on the list of top mainstream cryptocurrencies. The maximum supply of ADA tokens is known to be 45 billion. The current circulating supply is more than thirty-three billion tokens.
On the spot market, the trading of Cardano can be done over more than a hundred crypto exchanges against 391+ trading pairs. The availability of this cryptocurrency is also possible for trading as a futures product on FTX, Huobi, Binance, and BitMEX.
Some of the top 3 crypto wallets to store ADA
Binance is the top name when it comes to the top list of cryptocurrency exchanges. It is one of the best cryptocurrency wallets that encourage the selling, purchasing and exchanging of more than six hundred cryptocurrencies like Cardano (ADA). This exchange allows the staking of crypto, copy trading, NFTs, plus buying of goods and services with crypto, among others.
Coming next is CoinSmart. It is a Toronto-based exchange that laid its foundation in 2018. The crypto trading platform can be accessed in more than forty countries. It lets customers in purchasing cryptocurrencies using United States Dollar, Canadian Dollar, and Euro. Funding of the accounts can be done by a customer through different methods like bank draft, credit card, debit card, e-transfer, and even wire transfer.
The third cryptocurrency exchange that we are listing is Gemini. This crypto trading platform allows purchasing and selling of cryptocurrencies including ADA for fiat money (national and international). You can also use your regular mode of money i.e debit cards/credit cards and ACH (deposits and withdrawals). Gemini is also supportive of purchasing ADA with other cryptos that are deposited in hosted wallets. To earn more passive income on the wallet, staking of ADA and other cryptos is also possible at Gemini.
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