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How to buy Ampleforth (AMPL) in Canada

Learn how to buy Ampleforth (AMPL) in our step-by-step guide.

Ampleforth (AMPL) is the 592nd largest cryptocurrency by market cap, valued at US$28,002,473.

Ampleforth is a highly volatile asset capable of major price swings in a single day. Today AMPL is trading for $1.15 USD, which is lower than yesterday's trading price of $1.18 USD. Over the past year, Ampleforth's price has seen an increase of 30%.

So before you buy Ampleforth, 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 Ampleforth.

How to buy Ampleforth 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 Ampleforth 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 Ampleforth
    You can now exchange your funds for Ampleforth. 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 Ampleforth 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 Ampleforth in Canada

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

1 - 1 of 1
Name Product Deposit methods Fiat Currencies Cryptocurrencies Offer Disclaimer
Bitfinex Professional Trading Exchange
Bitfinex Professional Trading Exchange
Credit card, Cryptocurrency, Bank Wire
USD, EUR, GBP, JPY

244
cryptocurrencies

Cryptocurrencies are a highly volatile investment product. Your capital is at risk.
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View details
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How we keep this Ampleforth guide up-to-date

  • AMPL price data is regularly updated through data feeds so you always have the latest information.
  • Ampleforth 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 Ampleforth?

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 Ampleforth?

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 Ampleforth.

  • 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 AMPL 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 Ampleforth?

Once you've created an account, you will need to deposit funds to buy AMPL 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 AMPL:

  • 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 AMPL by trading it for another cryptocurrency like Bitcoin or a stablecoin. This varies between exchanges though, so you will need to search for AMPL on the spot market to see what cryptocurrencies it can be traded for.

What is the easiest way to buy Ampleforth?

The easiest way to buy AMPL 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 AMPL, 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 Ampleforth has been performing recently.

Best Ampleforth wallets to store your AMPL

You can keep your AMPL 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 AMPL below.

Ledger Nano X Wallet

Trezor Model T Wallet

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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 Ampleforth a good investment?

Below are the aspects you should consider before investing in AMPL:
  • Interesting monetary proposition: The token dynamics employed by Ampleforth are unique. The protocol seeks to combine the scarcity aspect of Bitcoin while allowing it to enjoy the elasticity (i.e. inflationary) benefits presented by fiat currency.
  • Financial incentives: The platform provides network participants with lucrative incentives for helping the network reach a state of economic equilibrium. Alternatively, one could also say that the network hinges on the activities of profit-seeking traders to restore equilibrium on the demand side once supply ratios are altered.
  • Unique design: After the gold standard was abolished in the 1940s, fiat currencies did not have their values pegged to any physical commodity, essentially allowing governments all over the world to inflate their money supply streams as they see fit, instead of expanding and contracting the total output as per market demand.
  • Ampleforth borrows from the concept of a flexible monetary supply, combining it with the deflationary model used by many cryptocurrencies today (a la Bitcoin), effectively eliminating any sort of centralized control over its total token pool.
  • Experimental: Though quite exciting, Ampleforth is still quite experimental in its design since it makes use of an operational structure that has not been tested under rigorous market conditions. This is best highlighted by the fact that since its inception, the currency’s total market capitalization has never crossed the $10 million threshold.

Today's Ampleforth price versus ATH

Compare today's price of Ampleforth ($1.15 USD) against its all-time-high price of $4.07 USD on 12 July 2020. The closer the bar is to 100%, the closer AMPL is to reaching its ATH again.

Ampleforth's price: $1.15
ATH date: July 12, 2020
28.26%

Ampleforth ATH: $4.07


How to trade, convert or sell Ampleforth

You can convert or sell your AMPL with the same exchange you bought it through:
  1. Sign in to the exchange you have AMPL on.
  2. If you store your Ampleforth 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 AMPL you'd like to convert or sell.
  5. Confirm the sell price and fees and close your sale of Ampleforth.
  6. Complete your transaction and move your AMPL to a wallet for storage.
  1. Data by CoinGecko

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

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