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How to buy Sai (SAI) in Canada

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

Where to buy Sai in Canada

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

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

You can keep your SAI 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 SAI 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 Sai a good investment?

Cryptocurrencies are highly speculative assets that come with a range of risks. Those that are considering SAI as an investment should consider the following factors:

  • Legacy token: SAI is a legacy token associated with the SideShift.ai protocol. As a result, it is important to remember that the token is no longer used within the Sideshift.ai platform. All SAI tokens would need to be converted to XAI to access platform benefits.
  • Staking rewards: If the SAI token is converted to XAI, XAI tokens can then be staked within the SideShift.ai application. For staking XAI tokens and supporting the ecosystem, 25% of all platform fees are shared between supporters.
  • Competition: The SideShift.ai cryptocurrency exchange is situated within a heavily saturated section of the cryptocurrency industry. The protocol is competing against both centralised exchanges, such as Binance and Crypto.com, and also decentralised exchanges, such as Uniswap and SushiSwap. While SideShift.ai offers advantages over both, the application may struggle to capture market share from exchanges that offer support for a wider range of cryptocurrencies.

Today's Sai price versus ATH

Compare today's price of Sai ($9.29 USD) against its all-time-high price of $25.31 USD on 14 May 2021. The closer the bar is to 100%, the closer SAI is to reaching its ATH again.

Sai's price: $9.29
ATH date: May 14, 2021
36.70%

Sai ATH: $25.31


How to trade, convert or sell Sai

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

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

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