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How to buy RMRK (RMRK) in Canada

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

RMRK (RMRK) is the 776th largest cryptocurrency by market cap, valued at US$17,246,999.

RMRK is a highly volatile asset capable of major price swings in a single day. Today RMRK is trading for $1.82 USD, which is lower than yesterday's trading price of $1.83 USD. Over the past year, RMRK's price has seen a decrease of -60%.

So before you buy RMRK, 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 RMRK.

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

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

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How we keep this RMRK guide up-to-date

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

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 RMRK?

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 RMRK.

  • 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 RMRK 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 RMRK?

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

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

What is the easiest way to buy RMRK?

The easiest way to buy RMRK 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 RMRK, 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 RMRK has been performing recently.

Best RMRK wallets to store your RMRK

You can keep your RMRK 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 RMRK below.

Ledger Nano X Wallet

Trezor Model T Wallet

Go to site
Go to site

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 RMRK a good investment?

It is good practice to review all aspects of a cryptocurrency and the associated platform before investing. Here are a few things to consider before purchasing RMRK:

  • Multi-resource NFTs: The protocol allows NFTs to have varying displayed media that is dependent upon certain rules and context. For example, an ebook NFT can have a PDF, cover photo, and audio file instead of just one resource. The NFT has been a dominating sector throughout much of 2020 and 2021. By adding increased functionality to NFTs, RMRK may attract the eye of future NFT developers.
  • Multi-chain: The protocol is multi-chain since it is built on Kusama, a layer-0 network designed to host multiple blockchains. All blockchains hosted within the wider Kusama ecosystem will be able to interact with RMRK NFTs and the functionality they offer.
  • Future scalability: Kusama can handle up to 1000 transactions per second (tps), which is roughly 66x faster than Ethereum. By developing RMRK on Kusama, the protocol should be able to handle the workload if the protocol becomes widely used. As the canary network to Polkadot, RMRK has the potential to migrate onto a Polkadot parachain in the future.
  • Competitors: The protocol’s closest competitor is Unique Network, which also aims to build the next generation of NFTs on Kusama and Polkadot. RMRK may also need to compete with NFT standards for other chains, such as Metaplex for Solana, EIP-721 and ERC-1155 for Ethereum. The next generation of NFTs will likely be powered by the platforms that bring the most versatile and innovative functionalities.

Today's RMRK price versus ATH

Compare today's price of RMRK ($1.82 USD) against its all-time-high price of $66.22 USD on 03 December 2021. The closer the bar is to 100%, the closer RMRK is to reaching its ATH again.

RMRK's price: $1.82
ATH date: December 03, 2021
2.75%

RMRK ATH: $66.22


How to trade, convert or sell RMRK

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

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

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