How to Buy Toncoin (TON)

Toncoin (TON) is the native cryptocurrency of The Open Network—a high-performance blockchain originally developed by Telegram. Designed for speed, scalability, and seamless integration with real-world applications, TON aims to deliver Web3 experiences to millions of users through fast transactions and user-friendly decentralized services.

TON powers a wide range of decentralized applications, including secured messaging, domain name services, and decentralized finance (DeFi). TON's architecture is designed to support millions of transactions per second (TPS) in theory, while real-world benchmarks currently demonstrate throughput in the thousands, placing it among the more scalable blockchain platforms.

TON provides the infrastructure for transactions, dApp usage, and on-chain service development within the ecosystem, supporting a range of digital interactions through its integration with Telegram and other platforms 

1. Sign In or Create an Account
   Start by creating your Ndax account. The sign-up process is simple and quick, with an efficient identity verification system that gets you trading in no time.
2. Fund Your Account with Canadian Dollars
   You can fund your account securely using Canadian dollars through methods like Interac e-Transfer or Wire Transfer. Funding is fast, convenient, and fully compliant with Canadian regulations.
3. Purchase TON
   With as little as $10 CAD, you can begin your Internet Computer journey. On Ndax, you can trade CAD for TON instantly, with a competitive flat trading fee of just 0.2%. 

After purchasing Toncoin, you’ll need to decide how to store your crypto securely:

• Store on Ndax: You can manage your cryptocurrency holdings seamlessly through the Ndax platform. For optimal asset protection, Ndax employs a robust security framework, including cold storage, hot wallets, and Multi-Party Computation (MPC). A portion of client assets are also held with trusted third-party custodians, who adhere to stringent security standards.
• Use a Personal Wallet: If you prefer full control, you can transfer your TON to a compatible non-custodial wallet. This gives you control over your private keys and adds an extra layer of self-custody. 

• Hold and/or Trade: Hold your TON as a long-term investment or trade it actively on Ndax. The platform provides powerful tools for monitoring performance and executing trades via desktop or mobile.
• Transact via Telegram: Toncoin can be used directly within Telegram through built-in wallet features, enabling near-instant peer-to-peer transactions and tipping.
• Power dApps on The Open Network: Developers and users alike can explore a rapidly expanding TON ecosystem of dApps, NFTs, DeFi, and services like TON DNS and TON Storage. 

• Security Comes First: For optimal asset protection, Ndax employs a robust security framework, including cold storage, hot wallets, and Multi-Party Computation (MPC). A portion of client assets are also held with trusted third-party custodians, who adhere to stringent security standards.
• Automated Investment Tools: Set up recurring purchases to grow your TON holdings over time. Choose daily, weekly, or monthly intervals, starting from $10 CAD—making it easy to dollar-cost average into your position.
• On-the-Go Trading: Whether you’re commuting or relaxing at home, the Ndax mobile app (iOS & Android) lets you fund your account, trade TON, and track your portfolio from anywhere. 

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 that is 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.