How to Buy Cryptocurrency in Canada

Even the Coronavirus pandemic couldn't crash the cryptocurrency market, it only highlighted the need and value of digital assets.

In 2020, purchasing BTC in Canada is easier than ever. There are many options to choose from. However, one of the top-ranked Canadian cryptocurrency exchanges is Ndax.

Ndax has transformed the cryptocurrency trading space with a focus on our clients’ best interests. Ndax has successfully put a human voice and face to cryptocurrency trading while continuing to build a secure and innovative trading platform. Ndax has partnered with a Canadian-crowned financial institution and regulators to ensure our client's funds are secure. In addition to this, Ndax has partnered with global leaders in cryptocurrency custody and security to provide unmatched protection of user assets.

Ndax offers the most cryptocurrency to CAD pairs available for Canadians: BTC, ETH, XRP, USDT, LINK, LTC, ADA, DOGE, EOS, and XLM.

In this blog, we will review the cryptocurrencies listed on Ndax.

What is Bitcoin?

Bitcoin, the brainchild of the mysterious Satoshi Nakamoto was introduced in 2008 as a decentralized currency that utilizes peer-to-peer technology, removing the involvement of middlemen such as banks and governments. In recent years, Bitcoin has been drawing increased attention, especially in terms of its future role as a reserve currency. 

Canadians can purchase BTC on Ndax by following these steps

• Login or Sign up for an Ndax account
• Fund your account with CAD
• Buy BTC
• Click TRADE on the left-hand side of the screen
• On the trade page, click BUY (Green button) on the right side of the screen
• Click the small GREY ARROW in the upper left corner of the screen to select the BTC/CAD pair
• Click on MARKET
• Enter ORDER SIZE (the amount you want to buy) either in BTC or CAD
• Click PLACE BUY ORDER

What is Ethereum?

Ethereum was the first blockchain-based smart contract platform to offer developers the ability to design and build decentralized applications (known as dApps). Ether (ETH) is the cryptocurrency used to incentivize the Ethereum network.

Canadians can purchase ETH on Ndax by following these steps

• Login or Sign up for an Ndax account
• Fund your account with CAD
• Buy ETH
• Click TRADE on the left-hand side of the screen
• On the trade page, click BUY (Green button) on the right side of the screen
• Click the small GREY ARROW in the upper left corner of the screen to select the ETH/CAD pair
• Click on MARKET
• Enter ORDER SIZE (the amount you want to buy) either in ETH or CAD
• Click PLACE BUY ORDER

What is XRP?

XRP is Ripple's native cryptocurrency. XRP helps banks, payment providers, and money service businesses reduce their transaction times and costs, while also allowing them to access new markets. This is especially beneficial when making financial transactions to the more remote and developing regions of the world that do not have access to traditional banking institutions and infrastructure.

Canadians can purchase XRP on Ndax by following these steps

• Login or Sign up for an Ndax account
• Fund your account with CAD
• Buy XRP
• Click TRADE on the left-hand side of the screen
• On the trade page, click BUY (Green button) on the right side of the screen
• Click the small GREY ARROW in the upper left corner of the screen to select the XRP/CAD pair
• Click on MARKET
• Enter ORDER SIZE (the amount you want to buy) either in XRP or CAD
• Click PLACE BUY ORDER

What is ChainLink?

This coin is currently gaining rapid popularity due to the intensive development of smart contracts. ChainLink uses nodes to transfer information into and out of the blockchain while maintaining security, trust, and decentralized properties.

Canadians can purchase LINK on Ndax by following these steps

• Login or Sign up for an Ndax account
• Fund your account with CAD
• Buy LINK
• Click TRADE on the left-hand side of the screen
• On the trade page, click BUY (Green button) on the right side of the screen
• Click the small GREY ARROW in the upper left corner of the screen to select the LINK/CAD pair
• Click on MARKET
• Enter ORDER SIZE (the amount you want to buy) either in LINK or CAD
• Click PLACE BUY ORDER

What is Cardano?

The Cardano blockchain is an effective technology platform perfect for launching financial applications. Developers call Cardano a third-generation blockchain project. The first generation includes BTC and its forks, while the second is Ethereum. The goal of the Cardano ecosystem is to preserve and develop the positive aspects of previous blockchain ecosystems, getting rid of their inherent shortcomings.

Canadians can purchase ADA on Ndax by following these steps

• Login or Sign up for an Ndax account
• Fund your account with CAD
• Buy ADA
• Click TRADE on the left-hand side of the screen
• On the trade page, click BUY (Green button) on the right side of the screen
• Click the small GREY ARROW in the upper left corner of the screen to select the ADA/CAD pair
• Click on MARKET
• Enter ORDER SIZE (the amount you want to buy) either in ADA or CAD
• Click PLACE BUY ORDER

What is Litecoin?

The goal of Litecoin was to improve the scalability of the Bitcoin network. While Bitcoin is often called "digital gold", Litecoin has become established as "digital silver". Many crypto-enthusiasts are already in love with this cryptocurrency, and the reason is crystal clear: it is on the path to decentralization, providing high network speeds and low transaction fees.

Canadians can purchase LTC on Ndax by following these steps

• Login or Sign up for an Ndax account
• Fund your account with CAD
• Buy LTC
• Click TRADE on the left-hand side of the screen
• On the trade page, click BUY (Green button) on the right side of the screen
• Click the small GREY ARROW in the upper left corner of the screen to select the LTC/CAD pair
• Click on MARKET
• Enter ORDER SIZE (the amount you want to buy) either in LTC or CAD
• Click PLACE BUY ORDER   

What is EOS coin?

EOS is the native token on the EOS.IO network, a blockchain platform for dApps similar in functionality to Ethereum. This project makes developing decentralized applications easier by providing a platform with a set of services and features that essentially work like an operating system.

Canadians can purchase EOS on Ndax by following these steps

• Login or Sign up for an Ndax account
• Fund your account with CAD
• Buy EOS
• Click TRADE on the left-hand side of the screen
• On the trade page, click BUY (Green button) on the right side of the screen
• Click the small GREY ARROW in the upper left corner of the screen to select the EOS/CAD pair
• Click on MARKET
• Enter ORDER SIZE (the amount you want to buy) either in EOS or CAD
• Click PLACE BUY ORDER

What is Dogecoin?

A meme coin that was designed for fun is now overtaking strong alternatives in terms of capitalization. This peer-to-peer, open-source cryptocurrency is currently used in many industries. Dogecoin has a passionate and loyal community of users who have several successful and unique fundraising efforts. The asset is suitable for fund transfers between users, exchanges, buying goods online, paying for services, etc.

Canadians can purchase DOGE on Ndax by following these steps

• Login or Sign up for an Ndax account
• Fund your account with CAD
• Buy DogeCoin
• Click TRADE on the left-hand side of the screen
• On the trade page, click BUY (Green button) on the right side of the screen
• Click the small GREY ARROW in the upper left corner of the screen to select the DOGE/CAD pair.
• Click on MARKET
• Enter ORDER SIZE (the amount you want to buy) either in DOGE or CAD
• Click PLACE BUY ORDER

What is Stellar (XLM)?

Stellar Lumen is focused on being a low-cost payment option for those without access to traditional banking in some of the poorest and most remote areas of the world. Due to its unique nature, the asset is used as a "bridge" between various digital coins when a direct exchange is not available. The project is quite popular in business circles, its main sponsor is the American company Stripe.

Canadians can purchase XLM on Ndax by following these steps

• Login or Sign up for an Ndax account
• Fund your account with CAD
• Buy XLM                      
• Click TRADE on the left-hand side of the screen
• On the trade page, click BUY (Green button) on the right side of the screen
• Click the small GREY ARROW in the upper left corner of the screen to select the XLM/CAD pair
• Click on MARKET
• Enter ORDER SIZE (the amount you want to buy) either in XLM or CAD
• Click PLACE BUY ORDER

What is Tether?

Tether was the first stablecoin in the cryptocurrency market, it was designed to have similar usage features to fiat, but with the properties of a digital currency by utilizing blockchain technology. To avoid long blockchain confirmation timeframes and significant price fluctuation, traders can leverage stablecoins such as USDT as a trading pair.

Canadians can purchase USDT on Ndax by following these steps

• Login or Sign up for an Ndax account
• Fund your account with CAD
• Buy USDT
• Click TRADE on the left-hand side of the screen
• On the trade page, click BUY (Green button) on the right side of the screen
• Click the small GREY ARROW in the upper left corner of the screen to select the USDT/CAD pair
• Click on MARKET
• Enter ORDER SIZE (the amount you want to buy) either in USDT or CAD
• Click PLACE BUY ORDER

Canadians can purchase USDT on Ndax by following these steps

• Login or Sign up for an Ndax account
• Fund your account with BTC
• Buy USDT
• Click TRADE on the left-hand side of the screen
• On the trade page, click BUY (Green button) on the right side of the screen
• Click the small GREY ARROW in the upper left corner of the screen to select the USDT/BTC pair
• Click on MARKET
• Enter ORDER SIZE (the amount you want to buy) either in USDT or BTC
• Click PLACE BUY ORDER

If you are based in Canada and looking for a Canadian Bitcoin exchange, then take a look at  Ndax. Ndax is an easy-to-use, beginner-friendly exchange that can give you easy access to trade Bitcoin and other cryptocurrencies like Ethereum, XRP, Litecoin, Cardano, Dogecoin, EOS, and Stellar.