Cardano has been touted as the Japanese Ethereum. The founder and CEO, Charles Hotkinson, is a former CEO of Ethereum and leads a team of over 100 full time employees, all hand picked from top universities or sourced from blockchain developments.
With arguably one of the hardest hitting teams on the market, there is certainly a good foundation for this cryptocurrency to launch from.
Cardano is building a blockchain that aims to address some of the problems bitcoin and Ethereum have ran into, namely; scalability, the use of information and sustainability.
Cardano and Exchanges
Launched in 2015, the ADA coin is now a regular on many of the top exchanges. But the process to getting onto these exchanges and actually buying Cardano is still elongated. Having to transfer your fiat into another cryptocurrency before sending to an exchange to finally trade for Cardano is not the best of procedures and often why many do not get involved.
CryptoGo have designed a procedure that takes away all this complexity and makes it simple. Sign up, decide how much you want to buy, then buy. And you can buy ANY coin.
Buy Cardano with CryptoGo
As we highlighted, CryptoGo have made the buying process simple. Before you start you should have your verification documents to hand (proof of address, ID and photo of you holding your ID), like any good exchange, this is needed for anti-money laundering purposes.
To buy Cardano, go to the Cardano page and enter your full name, email address and contact number.
You will then be taken to a purchase page. Here you can decide how much you want to invest in Cardano, on the right you will see how many ADA coins you will get for your investment. Choose your preferred payment method, card payment or wire transfer.
Those in the UK cannot use credit cards but everyone else is fine.
Click ‘Confirm Order’ and you will be taken to a confirmation page where depending on your payment method you will be given information regarding paying.
As we mentioned earlier, CryptoGo require you to verify your identity and address, this is to keep them compliant with anti-money laundering policies. For this you will be asked to send in a copy of your identification (passport or driving license), a proof of address (utility bill, tenancy agreement or bank statement) and also a picture of you holding up your ID (make sure you can see your ID!).
Once you are verified, you will need to send your external wallet address to CrypgoGo. You will be given your own account manager who will handle any issues going forward. CryptoGo don’t hold client’s coins on their platform, which means there is no way your coins can be hacked through them. However, what it does mean is that the external wallet you do use, you must do your due diligence because this is where your investment will be stored. I would advise cold storage, basically a wallet that is kept offline.
CryptoGo Vs Other Exchanges
Why choose CryptoGo over another exchange? There are three main reasons why CryptoGo should appeal to investors:
- No investment cap. CryptoGo do not cap your investment, this means that you can buy over £100,000 worth of Cardano. This may not be for everyone but it is a unique feature that many of the popular exchanges like Coinbase cannot offer.
- Huge selection of coins. Not only can you buy Cardano, but CryptoGo can pretty much get you any coin on the market and this includes all new coins from ICOs.
- Personal Account manager. Every customer is assigned their own account manager, they will be your port of call and you can contact them about anything.
- Easy process. One of the biggest upsides is that they will do all the hard work for you. They take away the complex process of buying and trading these coins. All you simply have to do is to pay using fiat currency and you will be sent the agreed amount of coins.
All in all, CryptoGo caters for both beginners and experts. It is very much an investment portal rather than an active trading tool, which could put those active traders off but it is definitely worth getting in contact or even just joining their telegram channel.