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How to buy MonaCoin (MONA) in Canada

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

MonaCoin (MONA) is in the top 1,000 cryptocurrencies by market cap.

MonaCoin is a highly volatile asset capable of major price swings in a single day. Today MONA is trading for $0.391491 USD, which is higher than yesterday's trading price of $0.3903807182 USD. Over the past year, MonaCoin's price has seen a decrease of -37%.

So before you buy MonaCoin, 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 MonaCoin.

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

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

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Name Product Deposit methods Fiat Currencies Cryptocurrencies Offer Disclaimer
Bittrex Global
Bittrex Global
Bank transfer, Credit card, Cryptocurrency, Debit card


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How we keep this MonaCoin guide up-to-date

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

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 MonaCoin?

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 MonaCoin.

  • 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 MONA 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 MonaCoin?

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

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

What is the easiest way to buy MonaCoin?

The easiest way to buy MONA 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 MONA, 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 MonaCoin has been performing recently.

Best MonaCoin wallets to store your MONA

You can keep your MONA 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 MONA below.

Ledger Nano X Wallet

Trezor Model T Wallet

Go to site
Go to site

Supported assets


Supported assets


Price (USD)


Price (USD)


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 MonaCoin a good investment?

Cryptocurrency can be a risky investment, so it’s good practice to evaluate the platform and purpose of the token.
  • Consensus mechanism. In the 2020s, most new cryptocurrencies have been moving away from Proof-of-Work (computer mining) mechanisms due to its negative impact on the environment. Bitcoin has famously come under the spotlight for this. As computer mining continues to get updated due to tightening regulations, how MonaCoin adapts their network may impact the price.
  • Use case. Although MonaCoin is available globally, its use case is mostly limited to Japanese products. Those that aren’t living in Japan (or planning to), or aren't consuming Japanese products, have no real use for MONA.
  • Competition. MONA’s point of difference is that it is heavily focussed on the Japan region, but beyond that, it doesn’t offer anything particularly unique. Its function is very similar to a lot of other PoW, older networks that have much greater exposure (BitCoin, LiteCoin etc.). Many other cryptocurrencies are also often used for mobile and online gaming.

Today's MonaCoin price versus ATH

Compare today's price of MonaCoin ($0.391491 USD) against its all-time-high price of $16.45 USD on 06 December 2017. The closer the bar is to 100%, the closer MONA is to reaching its ATH again.

MonaCoin's price: $0.391491
ATH date: December 06, 2017

MonaCoin ATH: $16.45

How to trade, convert or sell MonaCoin

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

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

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