Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.
Syscoin (SYS) is the 336th largest cryptocurrency by market cap, valued at US$62,272,510.
Syscoin is a highly volatile asset capable of major price swings in a single day. Today SYS is trading for $0.086756 USD, which is lower than yesterday's trading price of $0.0873223026 USD. Over the past year, Syscoin's price has seen a decrease of -48%.
So before you buy Syscoin, 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 Syscoin.
How to buy Syscoin 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.
-
Compare crypto exchanges
The easiest way to buy Syscoin 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.
-
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.
-
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.
-
Buy Syscoin
You can now exchange your funds for Syscoin. 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 Syscoin to your personal wallet.
Where to buy Syscoin in Canada
Find an exchange to buy, sell and trade SYS by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the exchange.
1 - 2 of 2
How we keep this Syscoin guide up-to-date
- SYS price data is regularly updated through data feeds so you always have the latest information.
- Syscoin 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 Syscoin?
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 Syscoin?
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 Syscoin.
- 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 SYS 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 Syscoin?
Once you've created an account, you will need to deposit funds to buy SYS 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 SYS:
- 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 SYS by trading it for another cryptocurrency like Bitcoin or a stablecoin. This varies between exchanges though, so you will need to search for SYS on the spot market to see what cryptocurrencies it can be traded for.
What is the easiest way to buy Syscoin?
The easiest way to buy SYS 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 SYS, 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 Syscoin has been performing recently.
Best Syscoin wallets to store your SYS
You can keep your SYS 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 SYS below.
Ledger Nano X Wallet |
Trezor Model T Wallet |
SafePal S1 Wallet |
 |
 |
 |
|
|
|
|
|
|
|
|
|
Supported assets 5,500+ |
Supported assets 1,456+ |
Supported assets 30,000+ |
|
Price (USD) $149 |
Price (USD) $219 |
Price (USD) $49.99 |
See more of the best crypto wallets
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 Syscoin a good investment?
Cryptocurrencies are complex and speculative, and there are myriad risks you should consider before deciding whether to buy or hold any crypto. If you’re thinking of buying SYS, be sure to take the following factors into account:
- Use-case: The Syscoin blockchain has a number of potential use-cases. Sending and receiving SYS, participating in a huge number of decentralised marketplaces and synthesising your own tokens are some of the most common platform uses. Syscoin customers can also send encrypted messages, as well as create and transfer digital certificates (mostly used for data storage).
- Adoption: With Syscoin, Bitcoin and Zcash the only acceptable tender on the decentralised BlockMarket, the price of Syscoin might be tied to its uptake. As more users join and use the marketplace, it is possible that the Syscoin team will eventually adopt Syscoin as the only accepted form of payment on the platform. However, if adoption is slow BTC and ZEC may remain essential to the operation of the Syscoin marketplace.
- Competition and partnerships: Syscoin initially planned to become something like the Amazon of the decentralised web, however such an ambitious goal will naturally have roadblocks. For starters, Amazon itself is a key competitor of Syscoin’s BlockMarket, as is P2P marketplace eBay. Instead of having to contend with these e-commerce giants, Syscoin may see more success in partnering with them, which they have suggested is a long-term goal of the platform. The project’s expansion into being a smart contract platform for businesses has also helped diversify into niches that should help with adoption.
Today's Syscoin price versus ATH
Compare today's price of Syscoin ($0.086756 USD) against its all-time-high price of $1.3 USD on 02 January 2022. The closer the bar is to 100%, the closer SYS is to reaching its ATH again.
Syscoin's price: $0.086756
ATH date: January 02, 2022
ATH date: January 02, 2022
6.67%
Syscoin ATH: $1.3
How to trade, convert or sell Syscoin
You can convert or sell your SYS with the same exchange you bought it through:- Sign in to the exchange you have SYS on.
- If you store your Syscoin in a digital wallet, compare crypto exchanges to convert or sell it on.
- Choose Sell or Convert and place a sell order.
- Choose the amount of SYS you'd like to convert or sell.
- Confirm the sell price and fees and close your sale of Syscoin.
- Complete your transaction and move your SYS to a wallet for storage.
Disclaimer: Cryptocurrencies, including Syscoin, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of SYS 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 Syscoin or any other cryptocurrency discussed.
More guides on Finder
-
How to buy SSV Network (SSV) in Canada
This guide provides step-by-step instructions on how to buy SSV Network, lists some exchanges where you can get it and provides daily price data on (SSV).
-
How to buy USDD (USDD) in Canada
This guide provides step-by-step instructions on how to buy USDD, lists some exchanges where you can get it and provides daily price data on (USDD).
-
How to buy Blur (BLUR) in Canada
This guide provides step-by-step instructions on how to buy Blur, lists some exchanges where you can get it and provides daily price data on (BLUR).
-
How to buy Aptos (APT) in Canada
This guide provides step-by-step instructions on how to buy Aptos, lists some exchanges where you can get it and provides daily price data on (APT).
-
How to buy Coinbase Wrapped Staked ETH (CBETH) in Canada
This guide provides step-by-step instructions on how to buy Coinbase Wrapped Staked ETH, lists some exchanges where you can get it and provides daily price data on (CBETH).
-
How to buy Optimism (OP) in Canada
This guide provides step-by-step instructions on how to buy Optimism, lists some exchanges where you can get it and provides daily price data on (OP).
-
How to buy Efinity (EFI) in Canada
This guide provides step-by-step instructions on how to buy Efinity, lists some exchanges where you can get it and provides daily price data on (EFI).
-
How to buy UltraSafe (ULTRA) in Canada
This guide provides step-by-step instructions on how to buy UltraSafe, lists some exchanges where you can get it and provides daily price data on (ULTRA).
-
How to buy Stargate Finance (STG) in Canada
This guide provides step-by-step instructions on how to buy Stargate Finance, lists some exchanges where you can get it and provides daily price data on (STG).
-
How to buy Step App (FITFI) in Canada
This guide provides step-by-step instructions on how to buy Step App, lists some exchanges where you can get it and provides daily price data on (FITFI).