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How to buy Beldex (BDX) in Canada

Learn how to buy Beldex (BDX) in our step-by-step guide.

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Beldex (BDX) is the 238th largest cryptocurrency by market cap, valued at US$250,980,256.

Beldex is a highly volatile asset capable of major price swings in a single day. Today BDX is trading for $0.04048814 USD, which is higher than yesterday's trading price of $0.0389279842 USD. Over the past year, Beldex's price has seen an increase of 5%.

So before you buy Beldex, 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 Beldex.

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

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

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How we keep this Beldex guide up-to-date

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

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 Beldex?

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 Beldex.

  • 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 BDX 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 Beldex?

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

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

What is the easiest way to buy Beldex?

The easiest way to buy BDX 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 BDX, 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 Beldex has been performing recently.

Best Beldex wallets to store your BDX

You can keep your BDX 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 BDX below.

Ledger Nano X Wallet

Trezor Model T Wallet

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Supported assets

5,500+

Supported assets

9,000+

Price (USD)

$149

Price (USD)

$179

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 Beldex a good investment?

Due to the high levels of volatility, all altcoin investments should be thoroughly researched. This includes evaluating both the token and the associated platform. Here are a few factors to consider before investing in BDX:

  • Running a masternode:For those wishing to run a Beldex masternode within the network you will need 10,000 BEL coins within a single Beldex address. Once a user has the desired amount of coins they can connect to the Beldex blockchain, start validating transactions and begin earning BDX coins. The current block reward for masternode operators is 2 BDX coins per block.
  • Cross-chain anonymity: The Beldex ecosystem has worked towards cross-chain interoperability while keeping privacy intact. People can continue using BDX on other blockchains while transactions remain anonymous. This is achieved through the Beldex Bridge which swaps BDX tokens for wBDX. So far, the bridge has integrated the Binance Smart Chain blockchain. An Ethereum and Polkadot bridge is expected in the future.
  • PoW to PoS: The Beldex blockchain is currently moving from a Proof-of-Work consensus mechanism to a Proof-of-Stake mechanism. While this may improve internal architecture and speed in the long run, the upgrade may slow development in the near term.
  • Coin burning mechanism: The coin burning mechanism for BDX involves Flash transactions which are transactions completed within Beldex's second blockchain layer (similar to Bitcoin's Lightning Network). These transactions can be completed in seconds rather than tens of minutes. Fees for using Flash are higher. All Flash transaction fees are burned.

Today's Beldex price versus ATH

Compare today's price of Beldex ($0.04048814 USD) against its all-time-high price of $0.450785 USD on 17 December 2018. The closer the bar is to 100%, the closer BDX is to reaching its ATH again.

Beldex's price: $0.04048814
ATH date: December 17, 2018
8.98%

Beldex ATH: $0.450785


How to trade, convert or sell Beldex

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

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

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