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How to buy Elitium (EUM) in Canada

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

Where to buy Elitium in Canada

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

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

You can keep your EUM 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 EUM 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 Elitium a good investment?

When you are deciding whether or not to invest in EUM, it’s worth considering a few things:
  • Competition. Elitium is not only in competition with many other cryptocurrencies (Bitcoin Cash, for example), but fiat currency in general. While the ability to use EUM at Visa-accepted stores is a great point of difference, it still lacks the exposure and market share of its competitors. The adoption of its niche for "luxury service" will play a major role in the eventual viability of EUM as an investment.
  • Development. Elitium has demonstrated a great willingness to adapt and expand its services, adding in NFTs, the ability to invest in gold, and a number of staking rewards. This is encouraging, considering the platform was originally designed for renting luxury yachts. Continued strategic evolution will be vital for Elitium to succeed in a saturated industry.
  • Security. Given Elitium’s desire to provide luxury services, many users will have significant capital invested in the platform. Elitium claims security is its "number one priority", and has a constant team testing any potential issues. Furthermore, Elitium is backed by a number of smart contract insurers, and funds are primarily held in "state-of-the-art" cold wallet infrastructure.

Today's Elitium price versus ATH

Compare today's price of Elitium ($0.698159 USD) against its all-time-high price of $6.21 USD on 18 March 2021. The closer the bar is to 100%, the closer EUM is to reaching its ATH again.

Elitium's price: $0.698159
ATH date: March 18, 2021
11.24%

Elitium ATH: $6.21


How to trade, convert or sell Elitium

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

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

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