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How to buy dKargo (DKA) in Canada

Learn how to buy dKargo (DKA) in our step-by-step guide.

Where to buy dKargo in Canada

It looks like DKA may not be available to purchase on an exchange in Canada.

You can still purchase DKA by using a decentralised exchange (DEX) instead. Decentralised exchanges are web applications that run on blockchains like Ethereum and allow users to trade any asset directly with one another.

Decentralised exchanges (DEX) are unregulated and run using autonomous pieces of code known as smart contracts. To use a DEX you must interact with the blockchain directly, which is not recommended for novice users. Please learn about decentralised exchanges first if you're unfamiliar.

How to purchase DKA using a decentralised exchange.
  1. Find DKA on a decentralised exchange and make sure dKargo can be traded for ETH which is the native asset of Ethereum. Popular DEXs include Uniswap, SushiSwap and 1INCH.
  2. Buy ETH to trade for DKA using an exchange like Ndax. You will need to purchase enough ETH to swap for DKA as well as ETH to pay for transaction fees on the Ethereum network (known as gas). You can use a service like Etherscan to get an idea of how much gas fees currently cost.
  3. Transfer the ETH into a web 3.0 wallet like MetaMask to connect to the DEX.
  4. Trade ETH for DKA on the DEX of your choice, following the instructions on screen. Make sure to leave enough ETH in your wallet to pay for gas.
  5. Wait for the transaction to finalise and the DKA tokens will arrive in your wallet.
  6. You may now keep the tokens in your web 3.0 wallet or transfer them somewhere more secure like a hardware wallet.

You can follow the same process when you want to sell your tokens, or come back to this page to see if they can now be traded on an exchange in Canada.

Best dKargo wallets to store your DKA

You can keep your DKA 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 DKA below.

Ledger Nano X Wallet

Trezor Model T Wallet

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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 dKargo a good investment?

When buying DKA, it’s important to consider whether it is for an investment or for participation in the logistics ecosystem. Like any cryptocurrency, it is important to assess both the platform and tokenomics. Here are some factors to consider for DKA:
  • Staking. To participate in the dKargo platform, a logistics provider must stake DKA tokens as a guarantee for the services provided. If a logistics provider fails to carry out a task, staked DKA tokens are used to compensate intended customers.
  • Utility. Use cases for DKA tokens include incentivisation of users to voluntarily provide data, paying for data use and mediation disputes, payment for services, and guarantees for fulfilling contracts. The token can also be used as an alternative payment method for all transactions.
  • Incentives. dKargo hosts an incentive pool on the platform, which is composed of a percentage of all transaction fees and reserves from the initial token offering. The pool is then used to reward all dKargo participants. It ensures any profits generated in the platform are distributed to participants who provide a high-quality service.
  • Price. The use of DKA means that the tokens price is designed to rise in line with the platform’s growth. The more logistics handled on the dKargo platform, the more demand there will be for DKA. This should drive prices higher. Ultimately, the price of DKA is tied to the number of users of the platform. There is a maximum total supply of 5 billion DKA tokens.

Today's dKargo price versus ATH

Compare today's price of dKargo ($0.02889487 USD) against its all-time-high price of $0.703797 USD on 16 March 2021. The closer the bar is to 100%, the closer DKA is to reaching its ATH again.

dKargo's price: $0.02889487
ATH date: March 16, 2021
4.11%

dKargo ATH: $0.703797


How to trade, convert or sell dKargo

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

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

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