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How to buy NFTX (NFTX) in Canada

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

Where to buy NFTX in Canada

It looks like NFTX may not be available to purchase on an exchange in Canada.

You can still purchase NFTX by using a decentralised exchange (DEX) instead. Decentralised exchanges are web applications that run on blockchains like Ethereum and allow users to trade any asset directly with one another.

Decentralised exchanges (DEX) are unregulated and run using autonomous pieces of code known as smart contracts. To use a DEX you must interact with the blockchain directly, which is not recommended for novice users. Please learn about decentralised exchanges first if you're unfamiliar.

How to purchase NFTX using a decentralised exchange.
  1. Find NFTX on a decentralised exchange and make sure NFTX can be traded for ETH which is the native asset of Ethereum. Popular DEXs include Uniswap, SushiSwap and 1INCH.
  2. Buy ETH to trade for NFTX using an exchange like Ndax. You will need to purchase enough ETH to swap for NFTX as well as ETH to pay for transaction fees on the Ethereum network (known as gas). You can use a service like Etherscan to get an idea of how much gas fees currently cost.
  3. Transfer the ETH into a web 3.0 wallet like MetaMask to connect to the DEX.
  4. Trade ETH for NFTX on the DEX of your choice, following the instructions on screen. Make sure to leave enough ETH in your wallet to pay for gas.
  5. Wait for the transaction to finalise and the NFTX tokens will arrive in your wallet.
  6. You may now keep the tokens in your web 3.0 wallet or transfer them somewhere more secure like a hardware wallet.

You can follow the same process when you want to sell your tokens, or come back to this page to see if they can now be traded on an exchange in Canada.

Best NFTX wallets to store your NFTX

You can keep your NFTX 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 NFTX below.

Ledger Nano X Wallet

Trezor Model T Wallet

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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 NFTX a good investment?

Cryptocurrencies are very risky and complicated assets. Make sure you understand all the risks associated with buying and selling digital currencies before you buy. Some of the factors to consider before buying NFTX include the following:
  • Token supply. The supply of NFTX tokens is 650,000.
  • Who’s behind NFTX. The platform was launched by developer Alex Gausman in 2021. However, NFTX is governed by a decentralised autonomous organisation (DAO) – in other words, by its community.
  • User-friendliness. If you’re new to the world of cryptocurrency, the NFTX platform can seem quite confusing. There’s a learning curve in front of you if you want to understand exactly how the protocol works and what it offers to users.

Today's NFTX price versus ATH

Compare today's price of NFTX ($15.37 USD) against its all-time-high price of $499.09 USD on 16 February 2021. The closer the bar is to 100%, the closer NFTX is to reaching its ATH again.

NFTX's price: $15.37
ATH date: February 16, 2021
3.08%

NFTX ATH: $499.09


How to trade, convert or sell NFTX

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

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

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