How to Buy Berachain (BERA)

Berachain is an innovative blockchain platform that utilizes a Proof-of-Liquidity (PoL) consensus mechanism to align liquidity and security within its ecosystem. This approach offers decentralized applications with native stablecoin issuance, enhancing the scalability and efficiency of decentralized finance (DeFi) solutions. The native token, BERA, serves as both the gas and staking token on the Berachain network, playing a crucial role in transaction validation.  

1. Sign up or create an account  
   Get instantly verified with Ndax's streamlined verification process.  
2. Fund your account with Canadian dollars  
   You have the option to fund your account with fiat currencies using Interac e-transfer or Wire Transfer.  
3. Purchase BERA 
   BERA is highly divisible, so you can buy small amounts to get started. Trade CAD to BERA with as little as $10 and with low trading fees of 0.2%. 

After having bought BERA, your next step is to securely store your assets in a cryptocurrency wallet. Depending on your preferences, investment size, and needs, you can choose to keep your BERA on a trading platform, a hardware wallet, or a software wallet. 
 
You can easily transfer your Berachain (BERA) from Ndax to a private wallet if you wish. However, if you choose to store your BERA in your Ndax wallet, rest assured that we have implemented robust security measures to help keep your assets safe. 

• Hold and/or Trade 
  On our trading platform, you can trade BERA directly for Canadian dollars. Easily monitor and track your trading activity and performance.
• Participate in DeFi Opportunities 
  Engage in yield farming and staking through various DeFi protocols.
• Participate in Staking 
  BERA serves as the native gas token for transactions on the Berachain network. BERA can be staked by validators to participate in block validation and earn rewards. 

• Safety-First Approach for Peace of Mind Trading:  
  Ndax maintains some of the highest security standards in the Canadian FinTech industry. Ndax keeps most digital assets stored offline in cold storage, safeguarded by multi-signature technology from Ledger Vault, a global leader in cryptocurrency security and infrastructure. Our hot wallets are secured with Multi-Party Computation (MPC) technology, recognized by industry experts.  
• Grow Your Position with Ndax’s Recurring Purchase Feature:  
  With Ndax, you can easily set up recurring purchases to automatically buy BERA with CAD on a daily, weekly, or monthly basis. You can schedule regular purchases starting as low as $10.  
• Berachain (BERA) investing in the palm of your hand:  
  Download the Ndax mobile app to fund your account and start trading on-the-go from any iOS or Android device. 

The cryptocurrency market is volatile. Avoid missing out on trades by using Ndax’s unique trading options:

• Limit Order: A buy or sell order that is executed at a specific price or better.  
• Stop Order: An order to Market buy or sell once a cryptocurrency reaches a designated price point.
• Trailing Stop Market Order: An order set at a specified dollar amount away from the last price, bid, or ask of a cryptocurrency.
• Trailing Stop Limit Order: A limit buy or sell order triggered when a cryptocurrency reaches a user-defined trailing amount.
• Fill or Kill (FOK) Order: A trade that must execute immediately and in full at a certain price; if it can’t be fully filled right away, the entire order is canceled.
• Immediate or Cancel (IOC) Order: A trade that executes immediately, canceling any unfilled portions of the order.
• Reserve Order (Iceberg Order): A large trade broken down into multiple limit orders, with some portions visible and others concealed.

Disclaimer: This article is not intended to provide investment, legal, accounting, tax, or any other advice and should not be relied on in that or any other regard. The information contained herein is for informational purposes only and is not to be construed as an offer or solicitation for the sale or purchase of cryptocurrencies or otherwise. Ndax is a member of the Canadian Investor Protection Fund (CIPF). Please refer to the CIPF for coverage qualification criteria.