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How to buy Nano (XNO) in Canada
Learn how to buy Nano (XNO) easily by following a step-by-step guide and compare 10+ crypto exchanges.
How to buy Nano
Look for an exchange that supports both fiat and cryptocurrency to simplify buying Nano.
- Open an account on an exchange that supports XNO.
Jump to our table to compare popular options — just remember that most exchanges require an email address, phone number and proof of ID to register.
- Deposit funds into your account.
Fund your account with a bank transfer, pay with a credit or debit card or deposit cryptocurrency from a crypto wallet to buy Nano.
- Buy Nano.
Complete your Nano purchase and then find the best wallet to store XNO.
What is Nano?
Nano aims to overcome three obstacles: high transaction fees, slow transaction times and power efficiency.
Built using a directed acyclic graph algorithm, Nano also employs a unique block-lattice structure. Each Nano account (wallet) has its own blockchain known as an account-chain, which is equivalent to that account’s transaction/balance history. Each account-chain can only be updated by the account owner, which means it can be updated asynchronously of the rest of the network.
Each transaction sent through the network is its own block. When you send NANO, two transactions are required – a send transaction that deducts the balance from the sender and a receive confirmation by the recipient. Think of it like the two ticks you see when you send a WhatsApp message – one tick when you have sent a message and a second tick when your recipient confirms it has been received. The result of this structure is near-instant transactions and zero fees.
Nano (XNO) is the 203rd largest cryptocurrency in the world by market cap, valued at $421,017,227. The current price of Nano is $3.16, which is 0.904% higher than yesterday. Prices have ranged between $3.18 and $3.1 over the past 24 hours. All prices are listed in US dollars and accurate as of January 16, 2022 04:01 UTC.
Where to buy Nano
Find an exchange to buy, sell and trade XNO by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the provider.
Nano at a glance
|Total XNO supply||133,248,290|
|All time high||US$33.69|
Nano price performance over time
How to sell Nano
You can cash out your XNO with the same exchange you bought it through:
- Sign in to the exchange you have XNO on.
If you store your Nano in a digital wallet, compare crypto exchanges to sell it on.
- Place a sell order.
Choose the amount of XNO you'd like to sell.
- Complete your transaction.
Confirm the sell price and fees and close your sale of Nano.
What to consider when buying NanoCryptocurrencies are complicated and speculative, and buying any crypto coin or token comes with a high level of risk attached. It’s essential that you’re fully aware of all the risks involved before you decide to buy. If you’re thinking of purchasing NANO, make sure you consider the following factors first:
- No mining. Nano is not mined and was initially distributed via a captcha-based faucet distribution system that ended in October 2017. If a website claims to mine Nano, it actually mines another cryptocurrency and then trades them to Nano on an exchange before paying Nano to miners.
- Adoption. The value of NANO will depend largely on whether or not it can achieve widespread adoption. While it certainly offers plenty of advantages compared to some other cryptocurrencies, whether or not it breaks into the mainstream as a viable alternative to fiat currency remains to be seen.
- Exchanges. One of the key factors affecting the adoption of Nano will be its listing on a variety of popular exchanges. While it is only listed on a handful of exchanges, that list has grown recently. The development team is also working to get Nano added to more exchanges.
- Rebranding. On January 31, 2018, RaiBlocks was rebranded to Nano. In a Medium blog post, the Nano team explained that the old and hard-to-pronounce name was scrapped in favor of the new moniker, which is designed to reflect the fast and fee-free transactions the currency is designed to provide.
Nano (NANO) in news
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Disclaimer: Cryptocurrencies, including Nano, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of XNO 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 Nano or any other cryptocurrency discussed.
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