With a market cap of $744,114,189.00 USD, XDC Network ranks as the 116th largest cryptocurrency by market capitalization in the world. It operates on the XinFin blockchain network. It is currently trading at a price of $0.039 USD per coin and trades using the cryptocurrency code XDC.
XDC Network is a highly volatile asset capable of major price swings in a single day. So before you buy XDC Network, make sure you understand these unique risks as well as its tax and legal status in Canada.
If you want to buy XDC Network in Canada or track its performance, keep reading to see the latest XDC price, market cap and trading volume along with a step-by-step guide on how to invest in XDC crypto in Canada.
XDC Network (XDC) summary
| Current price | $0.039 |
|---|---|
| All-time high | $0.19 |
| All-time low | $0.00040 |
| 1-year price change | ▼ -60.74% |
| Market cap | $744.11M |
| Market cap rank | #116 |
| Total volume (24h) | $18.25M |
| Circulating supply | 19,086,188,802 |
| Network | XinFin |
| Where to buy XDC | Buy on Kraken |
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 XDC Network in 5 steps
The whole process of buying XDC can take as little as 15 minutes, and all you need is a smartphone or computer, an internet connection, photo identification and a means of payment. Follow these five steps to learn how to buy XDC Network in Canada:
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Compare crypto exchanges
The easiest way to buy XDC Network is through a cryptocurrency exchange. Choose an exchange that offers low fees, a user-friendly platform 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 XDC Network
You can now exchange your funds for XDC Network. On beginner-friendly exchanges, this is as simple as searching for the coin name (XDC Network) or its crypto code (XDC), entering the CAD or XDC amount you want to purchase and clicking "Buy."
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Secure your XDC Network
Consider transferring your XDC to help protect against hacks, scams, platforms going bankrupt and other risks of keeping crypto on an exchange.
Where to buy XDC Network in Canada
We've curated a list of legitimate crypto exchanges below where you can buy XDC Network 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.
XDC Network price
The recent XDC Network (XDC) price is $0.039 USD per coin, which is -1.43% lower than the previous day's trading price of $0.040 USD. Over the past 30 days, XDC's price has changed by -22.04%, from $0.050 USD to the current price of $0.039 USD. Compared to this time last year, XDC Network's price has seen a decrease of -60.74% to its value as a cryptocurrency.
What is XDC Network's all-time high?
XDC Network reached its all-time high of $0.19 USD on August 21, 2021, which was a +48,658.98% increase from its previous all-time low of $0.00040 USD, which it reached on July 22, 2019. It has since landed at its current price of $0.039 USD.
Historical XDC Network price chart
You can use this chart to track XDC price performance over time.Can I buy XDC Network in Canada?
Yes, you can buy XDC Network in Canada. Simply open an account with a crypto exchange that operates in Canada and supports XDC Network—like the ones in our curated list above—and place a "buy" order. For example, Kraken supports XDC Network and is a registered crypto exchange in Canada.
Because XDC Network 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 XDC Network?
eXchange inFinite, better known as XinFin, is a delegated proof-of-stake (dPoS) blockchain network designed as a solution for international commerce, trade and finance. XinFin's documentation highlights that the largest blockchain networks, Bitcoin and Ethereum, have always been plagued with slow transaction times, high transaction fees and high energy consumption. eXchange inFinite developed a hybrid blockchain that contains both a public and private network.
The unique hybrid blockchain architecture allows the "highly-scalable, secure and commercial grade" network to tackle cross-border issues associated with global trade.
XDC, or XinFin Digital Contract, is the native token of eXchange inFinite. It is responsible for powering the protocol from an operational and economic perspective. XDC tokens can be used on integrated dApps to purchase goods and services internationally, and are a necessary requirement for users that wish to run master nodes on the network.
In 2021, XinFin entered into a number of partnerships with key players in the eCommerce industry. Shopping.io, a platform that lets users use crypto with eBay, Amazon and other online marketplaces, added XDC to their services. Furthemore, XinFin joined forces with DeFi security protocol HAPI, and was the first blockchain added to the global Trade Finance Distribution (TFD) initiative.
XinFin is also one of the first blockchain companies to launch a decentralized email system. It is known as LedgerMail and was released in August 2021, receiving over 50,000 signups within a week. LedgerMail is focused on vigilant security, encryption and protection against potential data breaches.
What will I need to buy XDC Network?
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 XDC Network 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 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 XDC Network with a credit card?
Several crypto exchanges in Canada accept credit cards as an instant purchase method. However, before buying XDC Network with a credit card, you should be aware of the additional cost and risks involved.
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 cash advances, which are more expensive. 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 XDC Network, you could end up paying this:
- Price of XDC: $0.039 USD
- Purchase amount: 1000 XDC
- Estimated exchange fee (3%): $1.17 USD
- Total cost: $40.17 USD
If it took you three months to pay off your XDC Network purchase at a credit card interest rate of 19.99% APR, you would pay an additional $2.01 USD in interest on top of what you originally paid to buy XDC Network.
This example can help you compare the relative cost of buying XDC Network with a credit card versus other lower‑fee methods like Interac e-Transfers.
You can check the table of Canadian crypto exchanges above to see which ones accept credit cards for buying XDC Network, or visit our guide on buying crypto with a credit card for more details.
Can I buy XDC Network with a debit card?
Yes, it is possible to buy XDC Network with a debit card, as most Canadian crypto exchanges accept debit cards as an instant payment method.
To buy XDC Network 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 XDC Network crypto a good investment?
Before purchasing eXchange inFinite's XDC token, here are a few things worth evaluating:
dApp integration. As a cryptocurrency that intends to bridge gaps in international trade, support and development of new decentralised applications will be vital to its success.
There are currently a few real-world use cases for XDC tokens including cloud storage on StorX and booking holidays on XcelTrip.They can also be used for purchasing everyday items via eBay, Amazon and Walmart in certain regions
Competition. Many cryptocurrency networks intend to disrupt the current landscape and offer solutions to popular issues.
While technology at eXchange inFinite may be superior, competition is fierce from platforms that have a much larger public image. XinFin needs to prove that it can compete against behemoths like Ethereum and Ripple, which also have an eye on fast international transactions
Hybrid blockchain. XinFin's blockchain technology is unique.
It is a hybrid of public and private blockchain protocols. Each block is still immutable and verified publically, but the confidential data within individual smart contracts remains private, unlike Ethereum
- Price volatility: XDC Network's price is largely based on speculation, meaning it can rise or fall quickly. For example, XDC Network's price has decreased by -6.28% 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 XDC Network purchase order or moving XDC Network 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 XDC Network sent to the wrong address.
- Regulatory uncertainty: The regulatory environment for XDC Network and other cryptocurrencies is constantly changing. It's important to understand how international rulings have the potential to impact XDC Network's future—for better or worse.
Where to store your XDC Network once you buy it
There are two main options for storing XDC Network once you've bought it—keep it on an exchange or store it in your own personal wallet. Take a look at our guide to the best crypto wallets in Canada to see our top picks.
While it can be more convenient to leave your XDC Network on an exchange, you're vulnerable to risk if the exchange gets hacked or compromised in another way.
It's generally much safer to store your crypto on a software or hardware wallet, which gives you full control and custody of your coins.
How is XDC Network taxed in Canada?
Like all crypto, XDC Network is considered a commodity for tax purposes by the Canada Revenue Agency (CRA). That means it will be taxed similarly to other investments like stocks and ETFs.
Money you get from selling XDC Network can be treated as income or capital gains. That said, the CRA will tax crypto profits differently if you're a casual XDC Network buyer than if your crypto profits are classified as business income.
You can learn more about how crypto taxes work in our guide to crypto tax in Canada.
Bottom line
Keep in mind that buying XDC Network can be risky. But if you decide to invest in XDC Network, look for a regulated crypto exchange in Canada that supports XDC, and make sure to store your crypto securely.
Once you've bought XDC Network, think about your short and long-term goals. Crypto markets can be very volatile, so keep an eye on XDC Network's price over time to decide whether to keep it on an exchange, sell it or move it to your wallet.
Frequently asked questions about buying XDC Network in Canada
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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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