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How to buy Solanium (SLIM) in Canada

Learn how to buy Solanium (SLIM) in our step-by-step guide.

Solanium (SLIM) is the 1359th largest cryptocurrency by market cap, valued at US$3,802,156.

Solanium is a highly volatile asset capable of major price swings in a single day. Today SLIM is trading for $0.03906583 USD, which is lower than yesterday's trading price of $0.0399625824 USD. Over the past year, Solanium's price has seen a decrease of -71%.

So before you buy Solanium, 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 Solanium.

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

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

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How we keep this Solanium guide up-to-date

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

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 Solanium?

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 Solanium.

  • 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 SLIM 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 Solanium?

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

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

What is the easiest way to buy Solanium?

The easiest way to buy SLIM 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 SLIM, 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 Solanium has been performing recently.

Best Solanium wallets to store your SLIM

You can keep your SLIM 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 SLIM 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 Solanium a good investment?

SLIM is the native crypto token associated with the Solanium ecosystem. Its core utility lies within the realm of staking, allowing its users to accrue a wide array of governance benefits in return. Here are a few key aspects of the project worth considering:

  • All-in-one crypto ecosystem:According to CoinmarketcapCoinmarketcapSolanium comes replete with a host of functional modules including a launchpad/accelerator for new projects as well as a wallet management system. Additionally, the platform also offers clients with a Serum-based decentralized exchange (DEX) while being integratable with a number of different blockchain projects.
  • Token utility:Once an individual stakes their SLIM tokens they can accrue an associated currency called ‘xSlim’ which allows users to acquire benefits such as: exclusive access to various upcoming token pools; gain a portion of the launchpad fee; obtain voting rights in relation to various governance proposals.
  • Fixed token supply: SLIM’s total supply has been capped at 100,000,000 tokens with the coins being distributed in the following manner: 45% for the maintenance of company reserves and team incentives; 20% for public and private sales; the remaining 35% for for marketing, staking rewards, liquidity purposes, etc.
  • Ease of availability: Solanium’s growing popularity within the Solana ecosystem is best highlighted by the fact that the platform’s associated SLIM token is now available across many prominent trading portals including Gate.io, KuCoin, MEXC, LBank, amongst others.

Today's Solanium price versus ATH

Compare today's price of Solanium ($0.03906583 USD) against its all-time-high price of $5.5 USD on 15 September 2021. The closer the bar is to 100%, the closer SLIM is to reaching its ATH again.

Solanium's price: $0.03906583
ATH date: September 15, 2021
0.71%

Solanium ATH: $5.5


How to trade, convert or sell Solanium

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

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

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