Cardano (ADA) has been one of the most popular tokens in recent years and is currently the 8th largest cryptocurrency by market capitalization. Its use cases have expanded throughout the years, from serving as a means of payment in the network to also being used for several daily transactions, such as remittances, shopping, gift-giving, splitting bills, and more.
If you’re an ADA holder and would like to know how to send Cardano and receive it as easily as possible, sign up on Ka.app now. We’ve got the info you need.
What Is ADA?
ADA is the native cryptocurrency of the Cardano network, a highly secure and decentralized platform designed to offer scalable and interoperable solutions to real-world problems. It uses a proof-of-stake consensus algorithm and is built on a layered architecture, which enables more secure and flexible upgrades to its network.
What Network Can I Use to Send Cardano?
You can send and receive ADA on the Cardano blockchain network. Therefore, to transfer Cardano, you would need to have a wallet that’s compatible with the Cardano blockchain. There are several wallets available, both hardware and software, that support ADA transactions.
What Are Different Ways of Sending Cardano?
There are several options available for sending ADA to another user. Some of the most common methods include
1. Using a P2P crypto payment app
There’s an increasing number of crypto payment apps that make it easier for users to send crypto in just a few taps. For example, by signing up on Ka.app, you can send ADA to another user by simply scanning a QR code or entering the recipient’s phone number.
2. Transferring ADA from an exchange to a wallet
You can send ADA by withdrawing assets from a spot exchange and withdrawing them to the recipient's crypto wallet. Exchanges usually ask for the recipient's wallet address, network type, and/or memo or destination tag. It’s good to note though that not all crypto assets are available on spot exchanges due to limited trading pairs.
3. Selling ADA on a P2P marketplace
Some platforms and exchanges have P2P marketplaces where users can buy or sell crypto like ADA for little to no fees. You can also use this sell option on the marketplace to send ADA to another user.
4. ADA gift cards
Crypto gift cards are becoming more popular nowadays, and they may be a nice way to send ADA to another user. The process starts with the buyer selecting a gift platform that offers ADA, buys a gift card with the desired amount, and receives the gift card through their email address, crypto wallet, or other means. The recipient can claim the gift card by following the instructions provided.
How to Send Cardano Quickly and Easily
When you sign up on Ka.app, you can send ADA quickly and easily in two different ways:
1. To another Ka.app user
2. To an external wallet
How to Receive Cardano
Meanwhile, here’s how you can quickly receive Cardano using Ka.app:
1. From another Ka.app user
If the other user wants to send crypto in a different currency, you can still receive or exchange ADA by enabling the Easy Swap Engine feature. This allows you to automatically swap crypto payments to your preferred currency within a few seconds.
2. From an external wallet
Final Thoughts
Through secure and reliable platforms like Ka.app, you can send Cardano easily and make it an even more attractive payment option for daily transactions. The flexibility to receive payments in a different currency further enhances the appeal of using Ka.app for crypto payments, as it enables greater diversity in storing and managing digital assets.
Sign up for a Ka.app account or join our crypto referral program to receive benefits with an existing Ka.app user.
FAQ
How much does it cost to send Cardano?
Ka.app may be the cheapest way to send crypto. Sending crypto is free when the receiver accepts the asset in the same form it was sent. For instance, if one Ka.app user sends ADA to another Ka.app user and it is received in ADA, no charges would apply. On the other hand, if the recipient opts to receive the payment in a different currency via the Easy Swap Engine (e.g. sending ADA and receiving it in BTC), swap fees will apply.
Swap fee rates may vary, depending if you’ve locked up KASTA tokens in the app or not. Users who’ve locked up tokens are eligible for reduced swap fees as low as 0.376%.
How long does it take to send Cardano?
It depends on the specific platform you use. In Ka.app, sending and receiving ADA usually takes just a few seconds.
Is it safe to send Cardano using Ka.app?
Yes, you can securely send Cardano using Ka.app. Ka.app has successfully gone through security audits and has measures in place that prevent illegal activities like money laundering, hacking, and fraud.
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