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How to buy BTC Standard Hashrate Token (BTCST) in Canada

Learn how to buy BTC Standard Hashrate Token (BTCST) in our step-by-step guide.

You can buy BTC Standard Hashrate Token (BTCST) on a cryptocurrency exchange like Binance. These specialised marketplaces allow you to buy and sell cryptocurrencies, and work similar to stock trading platforms. Bitcoin Standard Hashrate Token, or BTCST, is a token collaterallised by the Bitcoin (BTC) hash rate. Here's how to buy BTC Standard Hashrate Token.

How to buy BTC Standard Hashrate Token in 4 easy 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 BTC Standard Hashrate Token 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 $ using the payment method that best suits you – advcash, cryptocurrency, bank transfer (sepa) and p2p payments are widely accepted.
  4. Buy BTC Standard Hashrate Token
    You can now exchange your funds for BTC Standard Hashrate Token. 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 BTC Standard Hashrate Token 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 BTC Standard Hashrate Token in Canada

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

1 - 1 of 1
Name Product Deposit methods Fiat Currencies Cryptocurrencies
Binance Cryptocurrency Exchange
AdvCash, Cryptocurrency, Bank transfer (SEPA), P2P, Bank card
GBP, EUR, AUD, USD, NZD

347
cryptocurrencies

Trade an extensive range of reputable coins on this world-renowned exchange, popular for its high liquidity and multi-language support.
CA residents: Binance is not currently available to Ontario-based users.
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How do I find the best places to buy BTC Standard Hashrate Token?

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 BTC Standard Hashrate Token?

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 BTC Standard Hashrate Token.

  • 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 BTCST 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 BTC Standard Hashrate Token?

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

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

What is the easiest way to buy BTC Standard Hashrate Token?

The easiest way to buy BTCST 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 BTCST, 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 Analysis tools to get an idea of how the price of BTC Standard Hashrate Token has been performing recently.

Best BTC Standard Hashrate Token wallets to store your BTCST

You can keep your BTCST 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 BTCST below.

Ledger Nano X Wallet

TREZOR Model T Wallet

Go to site
Go to site

Supported assets

5,500+

Supported assets

1,450+

Price (USD)

$149

Price (USD)

$213

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 BTC Standard Hashrate Token a good investment?

Hashrate tokens are relatively new to the cryptocurrency industry and, therefore, risks should be evaluated thoroughly. Below are some factors to keep in mind before purchasing BTCST:
  • Supply. At the time of writing, there is a circulating supply of approximately 8.4 million tokens. The maximum supply is capped at 15 million. The project has not experienced any private or public sales. BTCST tokens are only issued when eligible miners standardise and tokenise their BTC hash rate.
  • Governance. The platform is governed in the form of a Decentralized Autonomous Organization (DAO). This means it is a democratic, community-driven platform where token holders and miners have the authority to make decisions regarding development. The community can collectively decide on issues related to the project and participate in proposals.
  • Community Redenomination Vote. The community of BTCST token holders initiated a proposal in February 2021 to vote for an adjustment to the issuance of tokens. A proposal was made to increase the maximum supply to 15 million. The overall value and market cap of the token remained the same. After the vote, all BTCST holdings increased by a ratio of 1:10. This means each BTCST token now represents 0.01TH/s, instead of the original 0.1TH/s. The redenomination enables more investor participation and meets the strong demand for the BTCST token.

Additional information about BTC Standard Hashrate Token can be found using our BTCST analysis tools.

Today's BTC Standard Hashrate Token price versus ATH

Compare today's price of BTC Standard Hashrate Token ($6.13 USD) against its all-time-high price of $91.94 USD on 15 April 2021. The closer the bar is to 100%, the closer BTCST is to reaching its ATH again.

BTC Standard Hashrate Token's price: $6.13
ATH date: April 15, 2021
6.67%

BTC Standard Hashrate Token ATH: $91.94


How to trade, convert or sell BTC Standard Hashrate Token

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

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

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