Can I buy ADA with fiat currancy without using an exchange?

I find it strange that the first step to acquiring units of a decentralised currancy like Cardano involves a centralised exchange site.
Is there any way of acquiring ADA directly from the Cardano network with fiat currancy?


Hello @uda2684

Yes you can. Usually it would be peer to peer transaction if you find some one who wants to sell you ADA. Also, you need to trust that person. You can use your PayPal or E-transfer to buy from individuals.

If you go on eBay and search under ADA “Mining” contracts you may even be able to use a Credit Card. They call them mining contract leases since they can sell service on eBay but they can’t sell crypto.

Keep in mind that price will be higher due to 10% to 14% eBay and PayPal/Credit Card processing fees as well as mark up. Here are some examples:

Centralized exchange is just easier and way cheaper, until enough people adapt crypto, then you’ll be able to get it anywhere. For now, not enough people have and use crypto in their daily life to warrant any investment into wide spread OTC exchange.


Also there is an automated way of doing the P2P fiat transaction, at lower but still significant markup: the Bisq DAO as a starting point, which is able to assure crypto buying with fiat based on an amount of Bitcoin kept in your account as collateral for all further transactions. Not much liquidity there (leading to a wide “spread” & further markup), mainly in Bitcoin with a bit of Monero, but then you can swap for ADA with a not-too-centralised & no-KYC service like Changelly (basic, not Pro):

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Ok, buy buying ADA from someone else sounds a lot more risky that using an exchange. Also, in essence it is passing the acquisition of ADA to someone else. It principle, then there are three ways:

  1. Converting fiat currency to ADA (via an exchange or P2P)
  2. Converting other digital assets (BTC, ETH, etc) to ADA (also via exchanges or P2P
  3. Earning ADA directly. I think this is the future for all crypto currencies: earning ADA (or other digital assets) in exchange for work. That’s when smart contracts are going to be very useful (or essential?).
    I’m no expert, so that this as my five cents.
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it will be a hell of a lot easier with smart contracts i believe