Where and how to buy Cardano in Latvia
Step-by-step guide
Step 1: Create a Bitget account.
Step 2: Complete Bitget's identity verification.
Step 3: Place a Cardano order through any of the various payment options provided.
Credit/Debit in the Buy Crypto tab of the Bitget app
Credit/Debit in the Buy Crypto tab of the Bitget website
Add a new card to complete your payment on the Bitget app
Enter your bank card details to complete your payment on the Bitget website
Step 4:Monitor Cardano in your Bitget spot account
Alternative methods to obtain Cardano in Latvia
Convert crypto to Cardano with Bitget Convert
Swap on-chain assets to Cardano with Bitget Swap
Methods to obtain Cardano for free
Buy other cryptos
Buy Cardano in a different country
How to buy Cardano in other countries?
What can you do with Cardano?
Store/Hold Cardano
Many users hold on to their Cardano with the expectation of it increasing in value. You can store your ADA safely on your Bitget account or on our crypto wallet app BG Wallet, the most user-friendly and secure mobile wallet.
Trade Cardano
You can trade Cardano for 150+ cryptocurrencies on Bitget’s industry-leading, fast, and secure trading platform. Bitget offers many trading pairs for Cardano trading to meet your needs.
Send Cardano
Yes, Bitget allows you to easily transfer value around the world, fast. You can buy Cardano online and send to anyone and anywhere with their Cardano address.
Spend Cardano
You can also buy goods and services with your Cardano. More and more vendors and retailers accept Cardano every day.
Donate Cardano
Bitget Charity accepts Cardano donations for global projects that aim to improve the lives of people in the bottom billion. You can donate Cardano so no one misses out on the growth made possible by blockchain.
Learn More About Cardano
You can read more in-depth articles on Cardano from Bitget Research and study how cryptocurrencies like Cardano work on Bitget Academy
Market stats to assist in determining optimal times for purchasing Cardano
What is Cardano (ADA)?
Cardano is a third-generation blockchain that utilizes Proof-of-Stake (PoS) consensus mechanism. It was conceived in 2015 by Charles Hoskinson, co-founder of Ethereum, who departed his former project with the intention to improve upon Ethereum’s shortcomings and create a more complete decentralized network. Therefore, it was decided from the beginning that Cardano would be a PoS-based blockchain network. Two years after a highly successful ICO in 2015, Cardano mainnet was released. As of now, Cardano supports multiple use cases and applications such as smart contracts, DeFi, Internet of Things, NFT, etc., and it is currently the 29th biggest blockchain in the world by Total Value Locked.
It is also the first blockchain to have a research-driven approach. The project has published various peer-reviewed papers and worked with top universities to conduct blockchain-related education and research.
Regarding roadmap, Cardano’s development is divided into five main phases:
1. Byron - foundational establishment: During the Byron phase, Cardano’s mainnet was officially launched, together with two wallets and a Block Explorer for Cardano.
2. Shelley – decentralization: In this phase, staking operation, delegation preferences, and incentives for users were enhanced.
3. Goguen – smart contracts: The primary goal of the Goguen phase is to enable everyone to build dapps and create their own tokens.
4. Basho – scalability: The Basho phase will improve scalability and interoperability by refining the underlying performance of the network.
5. Voltaire – governance: The Voltaire development phase will enable the community to vote on Cardano’s development in a decentralized way.
How Cardano (ADA) Works
Though Cardano is a PoS-based blockchain like many other, its PoS consensus mechanism, called Ouroboros, is quite unique. Ouroboros is the first PoS mechanism to be peer-reviewed, security-audited, and verified by third parties. It enables the operation and security of ADA (the native token of Cardano) as well as smart contracts on Cardano. Also, Ouroboros ensures that ADA rewards are given out to those who stake ADA.
Infrastructure wise, Cardano ecosystem consists of two layers:
1. Cardano’s settlement layer (CSL) is where ADA transactions are processed almost instantaneously with very low fee.
2. Cardano’s computation layer (CCL) handles and operates advanced features such as smart contracts, blacklisting, compliance, etc.
How Many ADA Tokens Are in Circulation?
Cardano held a public token sale for ADA from September 2015 to January 2017 and raised a total of USD 79.2 million. Those who participated in the public sale could get vouchers to redeem their ADA through the Daedalus wallet.
The maximum supply for ADA cryptocurrency is limited to 45 billion token. As of now, there is about 31 billion ADA in circulation, and the remaining 14 billion is left for network incentive. More ADA was released during the first few years when the network just launched and the released amount gradually decreases over time. It is expected that ADA rewards will come from transaction fees in the future as more people come to use Cardano.
ADA’s Initial Supply: 31,112,484,644
Their allocation was as follows:
- 83.3% went to public sale buyers
- 16.7% went to the project and the founders
How to Buy Cardano (ADA)
Consider investing in Cardano (ADA)? It only takes 2 minutes to create an account on Bitget and start trading ADA.
Check out the available ADA trading pairs on Bitget!
Futures market
Spot market
Cardano (ADA) Resources
Buy Cardano in Latvia with Bitget
How to safely store your Cardano
- Sign up and transfer ADA to your Bitget account.
- Alternatively, use Bitget Wallet as a self-custody solution for your ADA.
How to withdraw Cardano with Bitget's hassle-free withdrawal process
Latvia, officially known as the Republic of Latvia, is a country located in the northern part of Europe. The country borders Estonia to the north, Lithuania to the south, Russia to the east, Belarus to the southeast, and Sweden to the west. The total area of Latvia is 64,589 km2, which is populated by 1.9 million. The people of Latvia speak Latvian, call the city of Riga their capital, and use Euro (EUR) as the official currency.
Because the area of Latvia is relatively small, the country does not have a varied climate or landscapes. The country has four pronounced seasons and a combination of vast forests, fields, farmsteads, and pastures. Beautiful weather, lush forests, beautiful architecture, and friendly people of Latvia will surely capture the heart of any tourists. House of the Black Heads, Rundāle Palace Museum, Turaida castle, Dzintari Forest Park, are some spots worth a visit.
While enjoying the extraordinary life in Latvia, you can purchase Cardano(ADA) in just a matter of minutes, no matter where you are in the country, from the cities of Daugavpils and Ventspils to the towns of Ogre and Valmiera with Bitget. The exchange is highly secure and offers various payment options to make crypto trading more accessible for everyone, including P2P trading, crypto deposits, Apple Pay, Google Pay, and credit cards.
ADA to local currency
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