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How to buy Nervos Network (CKB) in Canada
Learn how to buy Nervos Network (CKB) on 7+ crypto exchanges in our step-by-step guide.
Nervos Network (CKB) is the 208th largest cryptocurrency by market cap, valued at US$168,495,761.
Nervos Network is a highly volatile asset capable of major price swings in a single day. Today CKB is trading for $0.00504655 USD, which is lower than yesterday's trading price of $0.0053595766 USD. Over the past year, Nervos Network's price has seen a decrease of -54%.
So before you buy Nervos Network, 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 and a list of trading platforms like Binance you can use to buy Nervos Network.
How to buy Nervos Network 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.
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Compare crypto exchanges
The easiest way to buy Nervos Network 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.
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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.
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Make a deposit
Once verified, you can deposit $ using the payment method that best suits you – credit card, cryptocurrency, debit card and simplex payments are widely accepted.
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Buy Nervos Network
You can now exchange your funds for Nervos Network. 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 Nervos Network 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 Nervos Network in Canada
Find an exchange to buy, sell and trade CKB by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the provider.
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How we keep this Nervos Network guide up-to-date
- CKB price data is regularly updated through data feeds so you always have the latest information.
- Nervos Network performance data is regularly updated using automated comparisons and AI systems built by our technical experts Zak Killermann and Helen Hu.
- Key information on coins and how to buy them is regularly reviewed by our editorial team of James Edwards, Frank Corva and Billy Endres.
- Our coin coverage and exchange information is regularly reviewed by our publishing experts Louise Vinciguerra and Molly Wiltshire-Bridle.
How do I find the best places to buy Nervos Network?
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 Nervos Network?
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 Nervos Network.
- 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 CKB 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 Nervos Network?
Once you've created an account, you will need to deposit funds to buy CKB 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 CKB:
- 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 CKB by trading it for another cryptocurrency like Bitcoin or a stablecoin. This varies between exchanges though, so you will need to search for CKB on the spot market to see what cryptocurrencies it can be traded for.
What is the easiest way to buy Nervos Network?
The easiest way to buy CKB 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 CKB, 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 Analysis tools to get an idea of how the price of Nervos Network has been performing recently.
Best Nervos Network wallets to store your CKB
You can keep your CKB 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 CKB below.
Ledger Nano X Wallet |
Trezor Model T Wallet |
SafePal S1 Wallet |
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Supported assets 5,500+ |
Supported assets 1,456+ |
Supported assets 30,000+ |
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Price (USD) $149 |
Price (USD) $219 |
Price (USD) $49.99 |
See more of the best crypto wallets
Recent Nervos Network developments
February 2022: Bybit has listed Nervos Network's native utility token, CKB, to allow derviatives trading of the asset.
December 2021: Nervos Network added an EVM-compatible protocol to the network, allowing developers to work cross-chain.
December 2021: Nervos Network added an EVM-compatible protocol to the network, allowing developers to work cross-chain.
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 Nervos Network a good investment?
CKB is an innovative token and is a clear proxy investment for the Nervos Network ecosystem. However, before buying any cryptocurrency, you should assess the associated upsides and risks. Here are some points to consider before purchasing CKB:- Scalability: The multi-layer architecture of the network provides scalability, which most other networks are unable to provide. Layer-1 provides security, while all transactions take place quickly and efficiently on layer-2. This efficiency will be appealing to many looking to move into the cryptocurrency space.
- Governance: The CKB token provides governance rights to token holders. All platform development decisions are voted on by the community. Users have the ability to delegate their voting rights to other members of the community if they so wish. To become eligible for voting, users must lock up tokens in the Nervous CKB.
- Freemium payment model: Similar to a subscription-based model, the Nervos Network implements a freemium payment plan for decentralised applications (dapps). Dapps can pay the network on behalf of their users. This eliminates single payments for end-users, which improves user experience. When user experience is improved, widespread adoption of a cryptocurrency is more likely.
Additional information about Nervos Network can be found using our CKB analysis tools.
Today's Nervos Network price versus ATH
Compare today's price of Nervos Network ($0.00504655 USD) against its all-time-high price of $0.04370633 USD on 31 March 2021. The closer the bar is to 100%, the closer CKB is to reaching its ATH again.
Nervos Network's price: $0.00504655
ATH date: March 31, 2021
ATH date: March 31, 2021
11.55%
Nervos Network ATH: $0.04370633
How to trade, convert or sell Nervos Network
You can convert or sell your CKB with the same exchange you bought it through:- Sign in to the exchange you have CKB on.
- If you store your Nervos Network in a digital wallet, compare crypto exchanges to convert or sell it on.
- Choose Sell or Convert and place a sell order.
- Choose the amount of CKB you'd like to convert or sell.
- Confirm the sell price and fees and close your sale of Nervos Network.
- Complete your transaction and move your CKB to a wallet for storage.
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Disclaimer: Cryptocurrencies, including Nervos Network, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of CKB 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 Nervos Network or any other cryptocurrency discussed.
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