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How to buy IRISnet (IRIS) in Canada

Learn how to buy IRISnet (IRIS) on 2+ crypto exchanges in our step-by-step guide.

IRISnet (IRIS) is the 451st largest cryptocurrency by market cap, valued at US$44,349,829.

IRISnet is a highly volatile asset capable of major price swings in a single day. Today IRIS is trading for $0.02899841 USD, which is higher than yesterday's trading price of $0.0286139812 USD. Over the past year, IRISnet's price has seen an increase of 11%.

So before you buy IRISnet, 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 IRISnet.

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

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

1 - 2 of 2
Name Product Deposit methods Fiat Currencies Cryptocurrencies Offer Disclaimer
Bittrex Global
Bittrex Global
Bank transfer, Credit card, Cryptocurrency, Debit card
USD, EUR

349
cryptocurrencies

Go to site
View details
Crypto.com App
Finder Award
Crypto.com App
Bank transfer, Credit card, Cryptocurrency, Debit card, Google Pay
USD, EUR, GBP, COP, CHF, HKD, SGD, AUD, CAD, KRW, SEK, CNY, TRY, RON, JPY, NOK, MYR, BRL, DKK, ZAR, BGN, THB, INR, TWD, PHP, IDR, MOP, MDL, SAR, MXN, CLP

271
cryptocurrencies

View details
Disclaimer: Star ratings are only displayed for products with 10 or more reviews.
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How we keep this IRISnet guide up-to-date

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

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 IRISnet?

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 IRISnet.

  • 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 IRIS 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 IRISnet?

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

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

What is the easiest way to buy IRISnet?

The easiest way to buy IRIS 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 IRIS, 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 IRISnet has been performing recently.

Best IRISnet wallets to store your IRIS

You can keep your IRIS 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 IRIS below.

Ledger Nano X Wallet

Trezor Model T Wallet

Go to site
Go to site

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 IRISnet a good investment?

Before you add IRIS to your investment portfolio, you should consider these factors:
  • Technical backing: The protocol is developed using the technical expertise of Bianjie AI, a high-tech firm based in China, and Tendermint, the creators of the Cosmos project. It's also involved in China’s Blockchain Service Network, which is the state-backed blockchain project. Such backing reduces the chance of failure and improves the chances of mass adoption.
  • Liquidity: Due to the backing this project has, its native token IRIS is listed on major crypto exchanges such as Binance, Huobi Global, Crypto.com and Gate.io, which ensures that there is robust liquidity for this token. Due to China’s involvement in this project, it initially focussed on the Chinese and Korean markets, but is now expanding its reach into global markets.
  • Governance: IRIS is also the governance token of the protocol. It has an integral role in its governance. The overall total supply has a 4% inflation rate since the validators are distributed block rewards. The inflation rate is decided through on-chain governance via token holders.

Today's IRISnet price versus ATH

Compare today's price of IRISnet ($0.02899841 USD) against its all-time-high price of $0.299467 USD on 12 April 2021. The closer the bar is to 100%, the closer IRIS is to reaching its ATH again.

IRISnet's price: $0.02899841
ATH date: April 12, 2021
9.68%

IRISnet ATH: $0.299467


How to trade, convert or sell IRISnet

You can convert or sell your IRIS with the same exchange you bought it through:
  1. Sign in to the exchange you have IRIS on.
  2. If you store your IRISnet 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 IRIS you'd like to convert or sell.
  5. Confirm the sell price and fees and close your sale of IRISnet.
  6. Complete your transaction and move your IRIS to a wallet for storage.
  1. Iris Net
  2. Cosmos Network
  3. Binance
  4. Data by CoinGecko

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

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