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How to buy Escoin (ELG) in Canada

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

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Escoin (ELG) is the 521st largest cryptocurrency by market cap, valued at US$72,317,085.

Escoin is a highly volatile asset capable of major price swings in a single day. Today ELG is trading for $0.772689 USD, which is lower than yesterday's trading price of $0.7926313674 USD. Over the past year, Escoin's price has seen a decrease of -74%.

So before you buy Escoin, 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 Escoin.

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

Find an exchange to buy, sell and trade ELG 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 Escoin guide up-to-date

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

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 Escoin?

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 Escoin.

  • 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 ELG 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 Escoin?

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

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

What is the easiest way to buy Escoin?

The easiest way to buy ELG 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 ELG, 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 Escoin has been performing recently.

Best Escoin wallets to store your ELG

You can keep your ELG 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 ELG 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 Escoin a good investment?

ELG is an integral part of the EscoinToken ecosystem. However, it is extremely important to evaluate both the token and associated protocol for future upside but also potential risks. Here are a few factors to consider before investing in ELG:

  • Niche service: There are not many projects focused on bringing legal practices into the cryptocurrency industry. As a result, EscoinToken and ELG, for a time, may be able to enjoy first-mover advantages. Although becoming a first-mover within the cryptocurrency industry, the token and platform will still need to compete with the traditional methods of obtaining legal services.
  • Innovative: The EscoinToken project removes the borders and efforts that are required when a user needs to find a suitable legal firm or lawyer for an associated case. This seamless interaction and level of ease could provide a completely new way for obtaining legal services. Potential investors for ELG should pay close attention to the number of users and the number of legal firms interacting with the project as that will ultimately determine the demand for the token.
  • PraeLegal partner: The EscoinToken solution partner, Prae Legal, provides clients access to legal resources worldwide through an extensive network of 252 offices in trade centers across 142 countries. Thanks to the integration with EscoinToken, this partnership now offers cross-border solutions for clients, that can have legal requirements met in any field of law, in any jurisdiction in the world.

Today's Escoin price versus ATH

Compare today's price of Escoin ($0.772689 USD) against its all-time-high price of $3.61 USD on 24 June 2022. The closer the bar is to 100%, the closer ELG is to reaching its ATH again.

Escoin's price: $0.772689
ATH date: June 24, 2022
21.40%

Escoin ATH: $3.61


How to trade, convert or sell Escoin

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

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

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