---
title: HOW TO BUY CARDANO
description: Millions choose OVEX to buy Cardano.
---
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# HOW TO BUY CARDANO
## Millions choose OVEX to buy Cardano.
**What is Cardano (ADA)?**
Cardano positions itself as a next-generation blockchain platform, aiming to outshine its predecessors like Bitcoin and Ethereum by offering superior scalability, sustainability, and interoperability.
Central to the Cardano ecosystem is its native token, ADA, named after the renowned mathematician Ada Lovelace. ADA plays a multifaceted role within the network, functioning as a medium of exchange for user transactions, a means for paying transaction fees, and a tool for distributing rewards.
One of Cardano's distinguishing attributes is its dedication to environmental sustainability. Unlike Proof of Work (PoW) blockchains like Bitcoin, which consume substantial energy for mining, Cardano was one of the first cryptocurrencies to employ a Proof of Stake (PoS) consensus mechanism. This significantly reduces energy consumption by eliminating the need for resource-intensive mining computations associated with PoW.
**How to Buy Cardano (ADA):**
**STEP 1: Create your free OVEX account**
Create and verify your OVEX account in minutes.
**STEP 2: Connect a funding method**
Fund your account with your local currency.
**STEP 3: Complete your Cardano purchase**
Buy ADA with as little as $10.
**STEP 4: Store or use your Cardano on OVEX**
Now that you have bought ADA you can store it in your OVEX wallet indefinitely. Alternatively you can trade it for a plethora of other currencies available on the OVEX exchange.
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