In order to get betting on sports safely and legally with ADA, it’s important to understand how to purchase Cardano. While those invested in crypto can simply trade their existing crypto coins for ADA (i.e. buy Cardano with Bitcoin), for those new to the fold, it’s simple to learn how to buy Cardano with USD.
Simply head over to any reputable exchange to buy Cardano and follow their signup procedures by creating your account and verifying your identity. Once that’s done, you’ll need to link your exchange account to your existing bank account, debit card, or credit card. After that, head over to the exchange portal, select ADA from the menu, and buy as much as you like.
Once you’ve done this, most US crypto exchanges will make you wait up to 10 days before you can send your Cardano off-platform to external wallet addresses, such as those used by the best online sports betting sites. All new crypto users must undergo this initial wait, so sports gamblers should keep that in mind.
If you want to wager on tonight’s game, it’s already too late to buy crypto for betting on such a contest. In such cases, credit card sports betting deposits (Visa, Mastercard, etc.) are better. However, even if you deposit with credit, you should also go ahead and get set up with crypto now so you can use it next time.
Pro-Tip: When you buy Cardano ADA for online sports betting (or for any other reason), you should do so when the Cardano price is trending at a weekly or monthly low. It’s always a good time to buy ADA, but as a rule, you should not buy in when the ADA price is at or near the Cardano ATH (all-time high).