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How to buy saffron.finance (SFI) in Canada

Learn how to buy saffron.finance (SFI) in our step-by-step guide.

Where to buy saffron.finance in Canada

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

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

You can keep your SFI 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 SFI 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 saffron.finance a good investment?

Cryptocurrency purchases can be extremely risky and there are a number of factors to consider before investing in the SFI token.
  • Yield farming. While it’s possible to store saffron.finance tokens in a digital wallet and wait for the price to increase, this would mean ignoring the token’s utility in yield-farming strategies. However, the process of yield farming and liquidity provision can be a complex concept for beginners and should not be considered lightly. For more information on liquidity provision, check out Finder’s guide on how it works.
  • Risk. Actively participating in the use-case of SFI tokens involves a degree of risk for a user. While the Saffron network intends to mitigate issues like impermanent loss and collateral illiquidity, those chasing greater rewards are exposed to greater risk. If there were a problem with the platform (such as an exploit or smart-contract bug), any tokens locked up may be lost.

Today's saffron.finance price versus ATH

Compare today's price of saffron.finance ($26.43 USD) against its all-time-high price of $3496.46 USD on 20 February 2021. The closer the bar is to 100%, the closer SFI is to reaching its ATH again.

saffron.finance's price: $26.43
ATH date: February 20, 2021
0.76%

saffron.finance ATH: $3496.46


How to trade, convert or sell saffron.finance

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

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

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