Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content.

How to buy Sifchain (EROWAN) in Canada

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

Where to buy Sifchain in Canada

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

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

You can keep your EROWAN 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 EROWAN 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 Sifchain a good investment?

As with any investment, it is vital you understand the risks and potential upside of the asset before making any financial decision. With regards to eROWAN, here are a few things to consider:

  • Relationship between eROWAN and ROWAN: eROWAN is the Ethereum-based equivalent of the native ROWAN token. While ROWAN exists on the Sifchain and, therefore, within the Cosmos ecosystem, eROWAN is the coin’s equivalent developed for the Ethereum blockchain. eROWAN can be swapped 1:1 for ROWAN using the protocol’s bridging mechanism. All eROWAN coins need to be converted to ROWAN to access the native cryptocurrency benefits such as staking and voting rights within the SifDAO.
  • Solving a clear problem: By focusing on interoperability Sifchain is aiming to tackle one of the key issues that plague the cryptocurrency industry. If Sifchain can execute its vision well, the project has a chance of capturing market share within the interoperability niche.
  • Competition: Although tackling a clear problem, there are several other projects looking to tackle issues faced by interoperability and the exchange of digital assets. Sifchain will need to continually innovate to stay ahead of competing protocols. Future investors should pay close attention to the integration of Sifchain with other layer-1 blockchains such as Avalanche, Polygon, and Terra.

Today's Sifchain price versus ATH

Compare today's price of Sifchain ($0.00019811 USD) against its all-time-high price of $1.41 USD on 17 March 2021. The closer the bar is to 100%, the closer EROWAN is to reaching its ATH again.

Sifchain's price: $0.00019811
ATH date: March 17, 2021
0.01%

Sifchain ATH: $1.41


How to trade, convert or sell Sifchain

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

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

More guides on Finder

Go to site