With a market cap of $326,888,200.00 USD, JasmyCoin ranks as the 209th largest cryptocurrency by market capitalization in the world. It is currently trading at a price of $0.0066 USD per coin, and trades using the cryptocurrency code JASMY.
JasmyCoin is a highly volatile asset capable of major price swings in a single day. So before you buy JasmyCoin, make sure you understand these unique risks as well as its legal and tax status in Canada.
If you want to buy JasmyCoin in Canada or track its performance, keep reading to see the latest JASMY price, market cap, and trading volume, along with a step-by-step guide for how to invest in JASMY crypto in Canada.
JasmyCoin (JASMY) summary
| Current price | $0.0066 |
|---|---|
| All-time high | $4.79 |
| All-time low | $0.0028 |
| 1-year price change | ▼ -85.57% |
| Market cap | $326.89M |
| Market cap rank | #209 |
| Total volume (24h) | $10.35M |
| Circulating supply | 49,444,999,678 |
| Max supply | 50,000,000,000 |
| Where to buy JASMY | Buy on Paybis |
This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade or use any services.
How to buy JasmyCoin in 5 steps
The whole process of buying JASMY can take as little as 15 minutes and all you'll need is a smartphone or computer, an internet connection, photo identification and a means of payment. Follow these 5 steps to learn how to buy JasmyCoin in Canada:
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Compare crypto exchanges
The easiest way to buy JasmyCoin is from a cryptocurrency exchange. Choose an exchange that offers low fees, ease of use or 24-hour customer support. You can easily see top picks in our guide to the best crypto exchanges in Canada or compare options below.
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Create an account
To create an account on an exchange, you will need to provide an email address, come up with a strong password and verify your identity through a process called KYC, which requires government-issued photo ID.
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Make a deposit
Once verified, you can deposit CAD using the payment method that best suits you. Common methods like Interac e-Transfer, bank wire and debit card payments are widely accepted on Canadian-friendly exchanges.
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Buy JasmyCoin
You can now exchange your funds for JasmyCoin. On beginner-friendly exchanges, this is as simple as searching for the coin name (JasmyCoin) or for its crypto code (JASMY), entering the CAD or JASMY amount you want to purchase and clicking "Buy".
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Secure your JasmyCoin
Consider transferring your JASMY to a personal crypto wallet to protect against some of the risks of keeping it on an exchange, such as hacks, scams or platform bankruptcy.
Where to buy JasmyCoin in Canada
We've curated a list of legitimate crypto exchanges below where you can buy JasmyCoin in Canada to help you compare deposit methods, supported fiat currencies and fees.
Finder Score for crypto exchanges
To make comparing even easier we came up with the Finder Score. Supported coins, account fees and features across 28 cryptocurrency trading platforms are all weighted and scaled to produce a score out of 10. The higher the score, the better the exchange—simple.
JasmyCoin coin price
The JasmyCoin (JASMY) coin price is $0.0066 USD, which is -1.52% lower than the previous day's trading price of $0.0067 USD. Over the past 30 days, JASMY's price has changed by -26.89%, from $0.0090 USD to the current price of $0.0066 USD. Compared to this time last year, JasmyCoin's coin price has seen a decrease of -85.57%.
What was JasmyCoin's all-time high price?
JasmyCoin reached its all-time high price of $4.79 USD on February 16, 2021. After that, it dropped by -99.94% to its all-time low price of $0.0028 USD on December 29, 2022. It has since climbed back up to its current price of $0.0066 USD.
Historical JasmyCoin price chart
You can use this chart to track JASMY price performance over time.Can I buy JasmyCoin in Canada?
Yes, you can buy JasmyCoin in Canada. Simply open an account with a crypto exchange that operates in Canada and supports JasmyCoin—like the ones in our curated list above—and place a buy order. For example, Paybis supports JasmyCoin and is a registered crypto exchange in Canada.
Because JasmyCoin is decentralized, it isn't tied to any single country. That means you can buy and sell it from anywhere in the world, including Canada, as long as you have internet access.
What is JasmyCoin?
JASMY is an ERC20 token issued by an Internet-of-Things (IoT) platform also known as Jasmy. Jasmy was designed to provide individuals and businesses with the opportunity to exchange value or pay for services via smartphones, laptops, and other devices. Jasmy aims to demolish the information monopoly that is controlled by technology giants, such as Meta, Apple, and Google. Centralised organisations such as these have been known to exploit users' data for the gains of the company. Jasmy wishes to provide a solution to this problem with a fairer infrastructure developed for Web3. The new infrastructure allows everyone to fully own and control their own data in a safe and secure manner.
According to the project's whitepaper, the platform is building a global data marketplace that allows companies to pay for user data through the application of the JASMY token. Individual users then have a choice as to whether their personal data can be accessed via the Jasmy marketplace. For those that wish to share data with companies within Jasmy's ecosystem, the JASMY token will be used as a reward. Likewise, companies that wish to access users' data will need to deposit JASMY tokens to access data that is stored within Jasmy's data lockers. In addition to the fair distribution of user data, Jasmy also offers access to IoT-compatible devices, a development environment for IoT services, secure data analysis, and IoT strategy and management.
What will I need to buy JasmyCoin?
To create an account with your chosen crypto platform, you only need an email address or mobile number. This will usually allow you to deposit cryptocurrency, but not CAD.
If you want to buy JasmyCoin with Canadian dollars, you'll need to pass a Know Your Customer (KYC) check.
This is a standard security procedure for most exchanges in Canada and requires you to upload some government-issued photo ID, and in some cases a selfie with today's date.
KYC is usually approved instantly, but in rare cases, you may have to wait a few hours or days.
Can I buy JasmyCoin with a credit card?
Several crypto exchanges in Canada accept credit cards as an instant purchase method. However, before buying JasmyCoin with a credit card, you should be aware of the additional cost and risks.
For instance, credit card fees are usually higher than bank transfers or e‑transfers. Some card issuers may even block cryptocurrency transactions or treat them as (more expensive) cash advances. Plus, if you don't pay off your credit card within your statement period, you may end up paying interest on your card balance and losing money if the price moves quickly.
For example, if you were to use a credit card to buy JasmyCoin, you could end up paying this:
- Price of JASMY: $0.0066 USD
- Purchase amount: 1000 JASMY
- Estimated exchange fee (3%): $0.20 USD
- Total cost: $6.81 USD
And if it took you three months to pay off your JasmyCoin purchase at the typical credit card interest rate of 19.99% APR, you would pay an additional $0.34 USD in interest on top of what you originally paid to buy JasmyCoin.
This example can help you compare the relative cost of buying JasmyCoin with a credit card versus other lower‑fee methods such as Interac e-Transfers.
You can check the table of Canadian crypto exchanges above to see which ones accept credit cards for buying JasmyCoin, or visit our guide on buying crypto with a credit card for more details.
Can I buy JasmyCoin with a debit card?
Yes, it is possible to buy JasmyCoin with a debit card, as most Canadian crypto exchanges accept debit cards as an instant payment method.
To buy JasmyCoin with a debit card, you'll typically need to go through the standard steps to purchase crypto on your preferred platform, and then select debit from the list of payment options (e.g. Interac e-Transfer, debit card, credit card) before completing your purchase.
Just note that there are often higher fees for crypto purchases with cards (both debit and credit) compared to paying with Interac e-Transfer or with another cryptocurrency.
Is buying JasmyCoin crypto a good investment?
All altcoins are highly volatile assets. Prices can rise and fall considerably depending on project fundamentals.
Therefore, it is crucial to evaluate a token and its associated protocol thoroughly before an investment is made. Here are a few factors to consider before investing in JASMY:
- Scalability: The Ethereum Network is one of the most heavily congested blockchains within the cryptocurrency industry. As a result, the speed and efficiency of transactions will remain poor until it truly scales.
To navigate the high levels of congestion, Jasmy plans to develop its own data storage network called Jasmy SKC. According to the project's website, this will likely be based on Hyperledger Fabric, Corda, or Substrate, all of which are far more scalable than Ethereum.
Jasmy will likely need to navigate scaling issues before the protocol can fulfil its ambitions of Web3 data transfer.
- Audit: The platform runs on one of the most secure smart contracts networks within the cryptocurrency industry - Ethereum. In addition to the security that Ethereum offers, the protocol was audited by security firm SlowMist.
While an audit does not mean the protocol is failure-proof, completing an audit is an encouraging sign for most blockchain-based protocols. For those considering an investment in JASMY, It might be worth reviewing the audit that was completed by SlowMist.
- Token supply: JASMY has a maximum total supply of 50 billion tokens.
Only 10% are currently within circulation. The remaining 90% are held by the operating company and are set to be periodically released to fund development, growth, and marketing.
- Industry size: The Internet-of-Things industry is projected to reach $1.1 trillion in revenue by 2024.
The considerable size of the market means that Jasmy has a greater market share to capture when compared with other cryptocurrency niches. However, the Internet-of-Things is littered with companies and projects that are focused on improving the sector.
Jasmy will need to compete with centralised companies, such as Google and Meta, and other decentralised protocols, such as Helium and VeChain. The value of JASMY will, ultimately, be tied to the success of the platform and its ecosystem.
The more users that adopt the platform, the higher the demand will be for JASMY.
- Price volatility: JasmyCoin's price is largely based on speculation, meaning it can rise or fall quickly. For example, JasmyCoin's price has decreased by -3.43% in just the last seven days.
- Transactions can't be reversed: Once you submit a transaction to the crypto network, it can't be cancelled or reversed. Double-check the receiving address before submitting a JasmyCoin purchase order or moving JasmyCoin off an exchange. One good way to do this is to verify the first and last four digits of the wallet address before sending. There is no way to refund JasmyCoin sent to the wrong address.
- Regulatory uncertainty: The regulatory environment for JasmyCoin and other cryptocurrencies is constantly changing. It's important to understand how international rulings have the potential to impact JasmyCoin's future—for better or worse.
Where to store your JasmyCoin once you buy it
There are two main options for storing JasmyCoin once you've bought it—keeping it on an exchange, or storing it in your own personal wallet. Take a look at our full guide to the best crypto wallets in Canada to see our top picks.
While it can be more convenient to leave your JasmyCoin on an exchange, that opens you up to risk in the event the exchange is hacked or compromised in another way.
It's generally much safer to store your any crypto you own on a software or hardware wallet, which gives you full control and custody of your coins.
How is JasmyCoin taxed in Canada?
Like all crypto, JasmyCoin is considered a commodity for tax purposes by the Canada Revenue Agency (CRA). That means it will be taxed similarly to how other investments, like stocks and ETFs, are.
Money you get from selling JasmyCoin can be treated as income or as a capital gain. That said, the CRA will tax crypto profits differently if you're a casual JasmyCoin buyer as opposed to whether your crypto profits are classified as business income.
You can learn more about how crypto taxes work in our full guide to crypto tax in Canada.
Bottom line
Keep in mind that buying JasmyCoin can be risky. But if you decide to invest in JasmyCoin, look for a regulated crypto exchange in Canada that supports JASMY and make sure to store your crypto securely.
Once you've bought JasmyCoin, think about your short and long-term goals. Crypto markets can be very volatile, so keep an eye on JasmyCoin's price over time to help decide whether to keep it on an exchange, sell it or move it to your wallet.
Frequently asked questions about buying JasmyCoin in Canada
Sources
Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.
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