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How to buy ShapeShift FOX (FOX) in Canada

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

ShapeShift FOX (FOX) is the 892nd largest cryptocurrency by market cap, valued at US$12,470,717.

ShapeShift FOX is a highly volatile asset capable of major price swings in a single day. Today FOX is trading for $0.02398803 USD, which is lower than yesterday's trading price of $0.0243153117 USD. Over the past year, ShapeShift FOX's price has seen a decrease of -82%.

So before you buy ShapeShift FOX, 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 use to buy ShapeShift FOX.

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

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

1 - 1 of 1
Name Product Deposit methods Fiat Currencies Cryptocurrencies Offer Disclaimer
Coinbase Digital Currency Exchange
Finder Award
Coinbase Digital Currency Exchange
Debit card, PayPal
USD, EUR, GBP, CAD, MXN, HRK, CZK, DKK, CLP, BGN

256
cryptocurrencies

View details
Disclaimer: Star ratings are only displayed for products with 10 or more reviews.
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How we keep this ShapeShift FOX guide up-to-date

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

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 ShapeShift FOX?

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 ShapeShift FOX.

  • 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 FOX 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 ShapeShift FOX?

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

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

What is the easiest way to buy ShapeShift FOX?

The easiest way to buy FOX 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 FOX, 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 Analysis tools to get an idea of how the price of ShapeShift FOX has been performing recently.

Best ShapeShift FOX wallets to store your FOX

You can keep your FOX 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 FOX 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 ShapeShift FOX a good investment?

While cryptocurrencies can often seem like a lucrative investment opportunity at the outset, they are volatile and risky assets that often need thorough research before investing. Below are the aspects you need to be aware of before adding FOX to your portfolio:

  • Development team history. Interestingly, the ShapeShift Fox project has been around for a while, being formed in 2014 by a private, centralised Swiss company. However, the business eventually changed gears in 2021 by announcing they were decentralising operations and handing over governance decision-making to the ShapeShift DAO. A key player for ShapeShift is Erik Voorhees, who is a prominent and influential figure in the cryptocurrency industry.
  • Tokenomics. FOX tokens have a maximum and total supply of 1,001,337 tokens. Of this, the majority (34%) were distributed in an airdrop to the userbase of ShapeShift. At the time, June 2021, this was one of the largest token airdrops ever. 32% of the tokens were handed out to employees and shareholders pre-decentralisation, while 24.2% was reserved for the ShapeShift DAO. The remaining tokens were split between a non-profit foundation (7.5%) and ShapeShift’s business (1.3%), with the rest (1%) already in circulation.
  • Competition. ShapeShift’s emphasis on decentralised portfolio management isn’t especially unique to the cryptocurrency sector. A wide range of both centralised and decentralised exchanges (DEXs) offer similar services, such as Binance and Crypto.com. While the ability to trade and control your crypto portfolio without passing on your details is a compelling advantage in the crypto sphere, platforms such as Changelly and Coinswitch are also competing for the same market share.

Additional information about ShapeShift FOX can be found using our FOX analysis tools.

Today's ShapeShift FOX price versus ATH

Compare today's price of ShapeShift FOX ($0.02398803 USD) against its all-time-high price of $1.65 USD on 05 April 2021. The closer the bar is to 100%, the closer FOX is to reaching its ATH again.

ShapeShift FOX's price: $0.02398803
ATH date: April 05, 2021
1.45%

ShapeShift FOX ATH: $1.65


How to trade, convert or sell ShapeShift FOX

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

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

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