How To Buy Solana In Canada:Beginner’s Guide
Want to buy Solana in Canada?
Solana is the 9th largest cryptocurrency in the world. It has a market cap of $11 billion.
In 2021, Solana gained a 12000% increase in price and become a trending coin in the world of crypto.
In this article, I am going to show how to buy Solana in Canada.
Let’s dive right in!
How To Buy Solana In Canada?
To buy Solana in Canada, you need to sign up for a crypto exchange that operates in Canada.
Solana is available on almost all exchanges due to its popularity in the crypto world.
Create an account on the exchange by providing your government-issued ID, and a selfie to verify your account. Deposit fiat money into your account and buy Solana in Canada.
Where To Buy Solana In Canada?
There are multiple exchanges and websites that you can use to buy Solana in Canada.
The following are the best places to buy Solana in Canada in terms of security, fees, and ease of use.
- Newton
- Bestbuy
- Uphold
- Binance
- Crypto.com
- Wealthsimple
- Kucoin
1- Newton- Easiest To Deposite-Withdraw
Newton is the best place to buy Solana for Canadians. You can easily deposit money into your Newton account and then withdraw it.
You can buy 70 cryptocurrencies including Solana.
Another service they provide is that you can deposit 10,000 dollars via e-transfer at a time.
They support deposits in multiple ways such as:
- INterect E-Transfer
- Wire Transfer
- External wallet transfer ( means you can transfer from other crypto wallets as well)
- Pre-Authorized Bank Transfer
The deposit process is fast. And usually, it takes 2 hours for the money to arrive in your Newton account.
You can withdraw crypto without paying any fees to Newton.
In terms of security, Newton has partnered with Coinbase to provide institutional-grade storage for customers’ digital assets without charging them any extra fee.
See also: How to buy Wemix coin easily
2- Binance- Largest Exchange In The World
Binance is one of the best choices since it is the largest cryptocurrency exchange in the world.
You can use this exchange to buy Solana in Canada.
They also provide low fees and low rates for all coins.
However, Binance is not available in Ontario province. And this might be a piece of bad news for crypto lovers in Canada.
If you are out of Ontario, Then I highly recommend using Binance because it has a very well trading platform with hundreds of other cryptocurrencies as well.
3- WealthSimple- MOst User Friendly
If you want to buy Solana in Canada with the most user and beginner-friendly website, Then Wealthsimple is the best option for you.
Additionally, it becomes easier to buy crypto if are already using Wealthsimple for stock trading.
You can easily create an account and switch from stocks to crypto to start buying crypto including Solana on wealth simple.
While you don’t have access to a lot of stuff like trading charts, and different types of orders, which makes it q little bit clear to beginners.
Wealthsimple has listed a limited number of cryptocurrencies. And fortunately, Solana is available on their platform. Other popular currencies like Cardano are still not added to the list.
4- Ledger- The Most Secure
Lager not only allows users n Canada da to buy Solana in Canada, but it also is one of the most secure places to store your Solana and other cryptos.
However, you need to get the hardware wallet of the ledger ( USB) called ledger Nano.
It is an offline wallet that keeps the private key offline and makes your crypto secure and safe all the way.
Although they do not support a large number of crypto coins in Canada. You can buy Solana using a ledger in Canada.
5- Crypto.com
Crypto.com is another good option to buy Solana in Canada. It is growing rapidly and support hundred of cryptos.
Crypto.com allows Canadian users to top up their wallets with Canadian dollars for free.
You can deposit CAD to crypto.com via e-transfer through your bank accounts in Canada.
This is also a good place to buy Solana in Canada.
However, the fees are not as low as in other places that I mentioned above.
Hence, you can buy Solana in Canada on this platform quickly and instantly.
Conclusion
You can buy Solana in Canada through various platforms.
Newton, Binance, Wealthsimple,crypto.com are the best of all.
They allow users from Canada to buy Sol with a few simple steps.
