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How to buy PAID Network (PAID) in Canada

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

Where to buy PAID Network in Canada

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

You can still purchase PAID 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 PAID using a decentralised exchange.
  1. Find PAID on a decentralised exchange and make sure PAID Network 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 PAID using an exchange like Ndax. You will need to purchase enough ETH to swap for PAID 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 PAID 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 PAID 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 PAID Network wallets to store your PAID

You can keep your PAID 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 PAID 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 PAID Network a good investment?

Prior to investing in anything, it’s worth considering the major factors that can influence an asset’s price. In the case of PAID coins, there are a few things to think about:
  • Security issues. In March 2021, hackers minted themselves 59.4 million PAID tokens with a value of US$166 million. Security is a perennial question for any crypto project, so this raises obvious questions about the project. According to Crypto Briefing, the team has "learned the lesson" on security, and has relaunched the token with new smart contracts restoring holders’ pre-hack balances.
  • Project functions. The idea of PAID – a smart contract platform – is simple but it sits atop a sophisticated and thought-through offer that includes escrow and insurance services, as well as the dispute settlement mechanism mentioned above. Not only that, but lending is also supported, as well as decentralised coin offerings (DAICOs) and PAID’s own proprietary DEX.
  • Adoption of smart contracts. PAID's primary offering is opening up smart contract creation to businesses that aren’t blockchain specialists. How many companies decide to turn to the blockchain and smart contracts for their spending will play a major role in the viability of PAID tokens as an investment.

Today's PAID Network price versus ATH

Compare today's price of PAID Network ($0.01773264 USD) against its all-time-high price of $6.04 USD on 11 April 2021. The closer the bar is to 100%, the closer PAID is to reaching its ATH again.

PAID Network's price: $0.01773264
ATH date: April 11, 2021
0.29%

PAID Network ATH: $6.04


How to trade, convert or sell PAID Network

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

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

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