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How to buy Amp (AMP) in Canada

Learn how to buy Amp (AMP) on 6+ crypto exchanges in our step-by-step guide.

Amp
AMP- USD
$0.0025
- $0.0001 ( - 3.01%)

Amp (AMP) is the 210th largest cryptocurrency by market cap, valued at US$145,130,690.

Amp is a highly volatile asset capable of major price swings in a single day. Today AMP is trading for $0.00258889 USD, which is lower than yesterday's trading price of $0.0025891673 USD. Over the past year, Amp's price has seen a decrease of -78%.

So before you buy Amp, make sure you understand these unique risks as well as its legal and tax status here in Canada.

If you're ready to get started, read on for step-by-step instructions on how you can buy Amp.

How to buy Amp in 4 steps

The whole process 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.

  1. Compare crypto exchanges
    The easiest way to buy Amp is from a cryptocurrency exchange. Comparing in the table below lets you find one with the features you want such as low fees, ease of use or 24-hour customer support.
  2. Create an account
    To create an account on an exchange, you will need to verify your email address and identity. Have some photo ID and your phone ready.
  3. Make a deposit
    Once verified, you can deposit CAD using the payment method that best suits you – cryptocurrency, bank and card payments are widely accepted.
  4. Buy Amp
    You can now exchange your funds for Amp. On easier-to-use exchanges, this is as simple as entering the amount you want to purchase and clicking buy. If you like, you can now withdraw your Amp to your personal wallet.
Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

Where to buy Amp in Canada

Find an exchange to buy, sell and trade AMP by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the exchange.

1 - 3 of 3
Name Product Deposit methods Fiat Currencies Cryptocurrencies Offer Disclaimer
Finder Award
Crypto.com App
Bank transfer, Credit card, Cryptocurrency, Debit card, Google Pay
USD, EUR, GBP, COP, CHF, HKD, SGD, AUD, CAD, KRW, SEK, CNY, TRY, RON, JPY, NOK, MYR, BRL, DKK, ZAR, BGN, THB, INR, TWD, PHP, IDR, MOP, MDL, SAR, MXN, CLP

271
cryptocurrencies

Finder Award
OFFER
Gemini Cryptocurrency Exchange
Bank transfer (ACH), Debit card, PayPal, Wire transfer, Apple Pay, Google Pay
USD, AUD, CAD, EUR, GBP, SGD, HKD, COP

108
cryptocurrencies

Finder Award
Coinbase Digital Currency Exchange
Debit card, PayPal
USD, EUR, GBP, CAD, MXN, HRK, CZK, DKK, CLP, BGN

256
cryptocurrencies

Disclaimer: Star ratings are only displayed for products with 10 or more reviews.
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How we keep this Amp guide up-to-date

  • AMP price data is regularly updated through data feeds so you always have the latest information.
  • Amp performance data is regularly updated using automated comparisons and AI systems built by our technical experts Zak Killermann and Helen Hu.

How do I find the best places to buy Amp?

Cryptocurrency exchanges offer similar services, but differ in a few key ways – mainly fees, the range of cryptos available and payment methods. You can use our table to compare the features of popular cryptocurrency exchanges available in Canada to help you choose the one that's right for you.

Some other factors you may want to consider are customer support, user reviews, ease of use and whether or not the exchange is registered with a local regulator. This information can be found by clicking on the exchange name in the table which will take you to its review page.

What will I need to buy Amp?

To create an account on any cryptocurrency exchange you will need an email address. Some exchanges may also ask for a phone number and photo ID, so it's a good idea to have those ready.

An increasing number of cryptocurrency exchanges will ask to verify your identity before you can deposit funds and start trading Amp.

  • This process is known as Know Your Customer (KYC) and usually requires photo ID and a webcam or smartphone. You may also need to prove your address by uploading a copy of a recent bank statement or utility bill.
  • Some exchanges allow you to deposit and trade cryptocurrencies without passing KYC, but they will not allow you to transfer local currency from your bank account. So if you are planning on purchasing AMP with your local currency then you will need to pass KYC.
  • Once you have verified your identity, it is a good idea to enable 2-factor authentication (2FA) before depositing any funds. This will increase the security of your account and help keep your funds safe.

What are the best ways to buy Amp?

Once you've created an account, you will need to deposit funds to buy AMP with. You can either deposit local currency from a bank account or credit card, or transfer cryptocurrency from another exchange or wallet. Here are some popular ways to buy AMP:

  • Bank account: Transfers from local bank accounts are usually free, but you will need to double-check this with the exchange you choose – this information can be found in our table by clicking on 'view details'.
  • Credit or debit card: Linking a card to your account is another convenient way to top up your account, but be aware that it usually attracts an additional fee. An advantage, though, is that you can use a card to make instant purchases or set up a recurring purchase.
  • Cryptocurrency: You can usually purchase AMP by trading it for another cryptocurrency like Bitcoin or a stablecoin. This varies between exchanges though, so you will need to search for AMP on the spot market to see what cryptocurrencies it can be traded for.

What is the easiest way to buy Amp?

The easiest way to buy AMP is by placing an 'instant buy' order to purchase it for a fixed price but not all crypto exchanges offer this feature.

Alternatively, you can open a trade on the spot market which allows you to set your own price – this is the most common way to purchase cryptocurrency. Using the instant buy feature is straightforward but typically more expensive than using the spot market.

Before buying AMP, you may want to check the market conditions. To help you decide if now is the right time to buy, you can take a look at our all-time high tool to get an idea of how the price of Amp has been performing recently.

Best Amp wallets to store your AMP

You can keep your AMP on the exchange you purchased it on, or move it to a personal wallet:

  • Some people like to use their own wallets to guarantee total ownership over their assets, or to use them with other applications like DeFi services.
  • Hardware wallets are typically considered to be the safest type of cryptocurrency wallet, as they use a physical device to enhance security in a number of ways. You can take a look at some of our top hardware wallet picks for self-custody of your AMP below.

Ledger Nano X Wallet

Trezor Model T Wallet

Go to site
Go to site

Supported assets

5,500+

Supported assets

1,317+

Price (USD)

$149

Price (USD)

$186

Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

Is Amp a good investment?

There are several things to consider before buying AMP, the native token for the Flexa platform.
  • Supply. The total supply of AMP tokens is fixed at 100 billion AMP.
  • Staking. As an AMP token holder, you can stake AMP as collateral to Flexa-enabled payment apps such as SPEDN. As reported by DeFi Rate, the staked AMP then becomes “spending power” that enables consumers to pay merchants using the Flexa payment platform. In return, token holders will receive rewards that are proportionate to the amount of tokens that are staked.
  • Migration from Flexacoin (FXC). Before AMP was launched, the Flexa platform used Flexacoin. As of September last year, Flexacoin ceased to be supported in the Flexa app and FXC holders can swap FXC for AMP at a 1-1 exchange rate.
  • Volatility. According to the AMP token white paper, AMP is designed to be a “non-inflationary and low-volatility collateral token” with its value compounding exclusively because of the utility it provides as a security for payments in the Flexa network. This means the token is designed to be less volatile in price compared to other cryptocurrencies that can face extreme price volatility.

Today's Amp price versus ATH

Compare today's price of Amp ($0.00258889 USD) against its all-time-high price of $0.120813 USD on 16 June 2021. The closer the bar is to 100%, the closer AMP is to reaching its ATH again.

Amp's price: $0.00258889
ATH date: June 16, 2021
2.14%

Amp ATH: $0.120813


How to trade, convert or sell Amp

You can convert or sell your AMP with the same exchange you bought it through:
  1. Sign in to the exchange you have AMP on.
  2. If you store your Amp in a digital wallet, compare crypto exchanges to convert or sell it on.
  3. Choose Sell or Convert and place a sell order.
  4. Choose the amount of AMP you'd like to convert or sell.
  5. Confirm the sell price and fees and close your sale of Amp.
  6. Complete your transaction and move your AMP to a wallet for storage.

Disclaimer: Cryptocurrencies, including Amp, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of AMP 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 Amp or any other cryptocurrency discussed.

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