How to Buy Pyth Network (PYTH)? - A Step-by-Step Guide

Pyth.network (PYTH), a new Solana-based (SPL) oracle network, connects blockchains and protocols with real-world data for DeFi and Web3 applications. Positioned as the challenger to Chainlink (LINK), Pyth bridges on-chain systems with off-chain data sources, ensuring secure data transmission across the cryptocurrency ecosystem. Oracles like Pyth facilitate the integration of real-world data into blockchain networks, which is vital for applications like valuing Bitcoin against fiat currencies.

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. Invest in PYTH
   PYTH is highly divisible, so you can buy small amounts to get started. Trade CAD to PYTH with as little as $1 and with low trading fees of 0.2%.
    

After investing in Python, the next step is to store your Python in a secure cryptocurrency wallet. Depending on your own needs, investment amount and preferences, you can keep your Python on a trading platform, a physical hardware wallet or a software wallet.

You are free to transfer your Python to a private wallet from Ndax. However, if you decide to store your Python in your Ndax wallet, we have all the security measures in place to keep your Python safe and secure.
 

• Pay for Goods and Services
  Online stores, merchants, restaurants, and retail environments continue to adopt PYTH and other cryptocurrencies as a means of payment.
• Invest and Trade
  On our trading platform, PYTH can be traded directly with the Canadian dollar. You can also easily view and track your trading activity, performance, growth and profits.
• Use as a Store of Value
  Investors are using PYTH as a store of value.
   

• We take the fear out of trading

  Ndax’s security standards are among the highest in the Canadian FinTech industry. 

  Ndax holds the majority of digital assets offline in cold storage protected by multi-signature technology, provided by Ledger Vault, the global leader in security and infrastructure solutions for cryptocurrencies.

  Hot wallets are protected by Multi-Party Computation (MPC) technology recognized by industry experts.

   

• Grow your portfolio with Ndax’s recurring purchase feature

  Set Python recurring purchases to automatically buy PYTH to CAD each day, week or month. Set regular purchases as low as $10.

   

• Python 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: Buy or sell order executed at a specific price.
• Stop order: Order to buy or sell once a cryptocurrency reaches a specific price point.
• Trailing stop market order: Order that can be set at a specific dollar amount away from a cryptocurrency’s last price, bid or ask.
• Trailing stop limit order: Limit buy or sell order triggered once a cryptocurrency touches a trailing amount set by the user.
• Fill or kill (FOK) order: Trade that executes immediately and entirely at a certain price, but if it cannot fill the entire order immediately, it will be cancelled entirely.
• Immediate or cancel order (IOC): Trade that executes immediately and cancels any unfilled portions of the order.
• Reserve order (Iceberg Order): Large trade divided into multiple limit orders. The orders are split into visible and concealed amounts.

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 information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of cryptocurrencies or otherwise.