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How to buy Secret (SCRT) in Canada

Learn how to buy Secret (SCRT) on 4+ crypto exchanges in our step-by-step guide.

Kraken Cryptocurrency Exchange

Kraken Cryptocurrency Exchange logo
  • Trade SCRT and 187 other cryptos
  • Instant funding & advanced trading options
  • Join 9M+ users around the world
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Certain trading features are limited or unavailable to residents of Ontario and Quebec.

Secret (SCRT) is the 309th largest cryptocurrency by market cap, valued at US$83,792,899.

Secret is a highly volatile asset capable of major price swings in a single day. Today SCRT is trading for $0.397193 USD, which is lower than yesterday's trading price of $0.3984908448 USD. Over the past year, Secret's price has seen a decrease of -73%.

So before you buy Secret, 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 Secret.

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

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

1 - 2 of 2
Name Product Deposit methods Fiat Currencies Cryptocurrencies Offer Disclaimer
Kraken Cryptocurrency Exchange
Kraken Cryptocurrency Exchange
Bank transfer, Credit card, Cryptocurrency, Debit card, Apple Pay, Google Pay, SWIFT
USD, EUR, CAD, AUD, GBP, CHF, JPY, AED

188
cryptocurrencies

Certain trading features are limited or unavailable to residents of Ontario and Quebec.
Go to site
View details
Bybit Cryptocurrency Exchange
Bybit Cryptocurrency Exchange
Credit card, Cryptocurrency, Debit card, P2P
USD, AUD, CAD, EUR, GBP, NZD, HKD, JPY, SGD, PHP

376
cryptocurrencies

Highly volatile investment product. Your capital is at risk. Bybit is not available to residents of Ontario or Quebec.
Go to site
View details
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How we keep this Secret guide up-to-date

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

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 Secret?

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 Secret.

  • 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 SCRT 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 Secret?

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

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

What is the easiest way to buy Secret?

The easiest way to buy SCRT 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 SCRT, 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 Secret has been performing recently.

Best Secret wallets to store your SCRT

You can keep your SCRT 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 SCRT below.

Ledger Nano X Wallet

Trezor Model T Wallet

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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 Secret a good investment?

Below are the aspects you should consider before buying SCRT:
  • Supply: Currently, there is a cap on the supply of SCRT at 150 million. Initially, holders of ENG, Enigma’s ERC-20 tokens, were able to mint SCRT by sending their ENG holdings to a burn contract. If more than 67% of the token supply is staked, the rate of new issuance will begin to fall and bottom out at 7%.
  • Governance: SCRT, being the native token of the network, gives token holders the right to vote and propose changes on the network, making it a community-driven project, allowing for decentralized control of the network. 1,000 SCRT must be deposited as a bond for a governance proposal to be voted upon.
  • Staking: There are two ways of staking on the network: as a delegator and as a validator.
  • Validators only need to stake 1SCRT token to participate, and currently there is a limit of 50 validators on the network. The more you stake on the network, the better the chances of you ranking among the top 50 to become a validator. Delegators only need to stake 1SCRT to participate and can move their stake freely to another validator at any time. They can earn rewards and a share of fees by supporting a set of validators. However, if the validator you delegate to is offline for over 4+ hours (considering 6s block time), you risk a chance of losing 0.01% of the tokens already delegated to the validator. If the validator signs the same block twice with the same key, you end up losing 5% of the token delegated to the validator.

Today's Secret price versus ATH

Compare today's price of Secret ($0.397193 USD) against its all-time-high price of $10.38 USD on 28 October 2021. The closer the bar is to 100%, the closer SCRT is to reaching its ATH again.

Secret's price: $0.397193
ATH date: October 28, 2021
3.83%

Secret ATH: $10.38


How to trade, convert or sell Secret

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

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

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