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How to buy EDEN (EDEN) in Canada

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

Where to buy EDEN in Canada

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

You can still purchase EDEN 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 EDEN using a decentralised exchange.
  1. Find EDEN on a decentralised exchange and make sure EDEN 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 EDEN using an exchange like Ndax. You will need to purchase enough ETH to swap for EDEN 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 EDEN 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 EDEN 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 EDEN wallets to store your EDEN

You can keep your EDEN 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 EDEN 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 EDEN a good investment?

Cryptocurrencies are highly speculative assets that come with a range of risks. As a result, all altcoins should be thoroughly researched before any investment is made. Potential investors of EDEN may want to consider the following:

  • Focused on a growing problem: The idea of front running or sandwiching transactions of the Ethereum blockchain has one that has existed for some time. The Eden Network is one of the very few projects that has created a solution to this problem which places it in an advantageous position within the ecosystem. The idea that the project is trying to solve is clear. The team at Eden now needs to focus on onboarding more partners into the ecosystem and, therefore, encourage the use of the native EDEN token.
  • Burning mechanism: The Eden Network implements a burning mechanism which is executed on a daily basis. Known as the Harberger Tax, EDEN tokens are burned from those holding a slot on the Ethereum blockchain. This ensures that top addresses are changed and that there is a constant demand for EDEN.
  • Tokenomics: The maximum number of EDEN tokens is capped at 250 million. New EDEN tokens are then released with every new block of the Ethereum blockchain. Monthly inflation is distributed to Eden Network block producers (60%), liquidity providers (30%), and the Eden Network Treasury (10%).

Today's EDEN price versus ATH

Compare today's price of EDEN ($0.03956138 USD) against its all-time-high price of $9.27 USD on 08 September 2021. The closer the bar is to 100%, the closer EDEN is to reaching its ATH again.

EDEN's price: $0.03956138
ATH date: September 08, 2021
0.43%

EDEN ATH: $9.27


How to trade, convert or sell EDEN

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

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

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