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How to buy VelasPad (VLXPAD) in Canada

Learn how to buy VelasPad (VLXPAD) in our step-by-step guide.

Where to buy VelasPad in Canada

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

You can still purchase VLXPAD by using a decentralised exchange (DEX) instead. decentralised exchanges are web applications that run on blockchains like Binance Smart Chain (BSC) 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 VLXPAD using a decentralised exchange.
  1. Find VLXPAD on a decentralised exchange and make sure VelasPad can be traded for BNB which is the native asset of Binance. The most popular DEX on Binance Smart Chain is PancakeSwap.
  2. Buy BNB to trade for VLXPAD using an exchange like Crypto.com. You will need to purchase enough BNB to swap for VLXPAD as well as BNB to pay for transaction fees (known as gas) on the BSC network, which usually costs less than a dollar.
  3. Transfer the BNB into a a web 3.0 wallet like MetaMask to connect to the DEX.
  4. Trade BNB for VLXPAD on PancakeSwap, following the instructions on screen. Make sure to leave enough BNB in your wallet to pay for gas.
  5. Wait for the transaction to finalise and the VLXPAD 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 VelasPad wallets to store your VLXPAD

You can keep your VLXPAD 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 VLXPAD below.

Ledger Nano X Wallet

Trezor Model T Wallet

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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 VelasPad a good investment?

When buying any cryptocurrency it is important to understand the risks associated with the underlying technology. In particular, buyers of VLXPAD should consider the following:

  • Tokenomics: The maximum supply of VLXPAD tokens is capped at 1 billion. Of that 1 billion, 20% were allocated to private sales, 7.2% were allocated to public sales, 15% were allocated for liquidity, 17% were allocated for the development of the ecosystem, 22% were allocated to the reserve and for staking, and the remaining 18% were allocated to the team and associated advisors.
  • VLXPAD staking: In addition to earning rewards, VLXPAD stakers can also access additional benefits offered by projects launched within VelasPad. These benefits are distributed using a tiered allocation system which is dependent on the amount of VLXPAD tokens a user has staked. The three tiers include Taurus, which requires 20,000 VLXPAD tokens, Orion, which requires 50,000 VLXPAD tokens, and Vela, which requires 100,000 VLXPAD tokens.
  • Deflationary mechanisms: 10% is removed from all VLXPAD sell orders. From that 10%, 7.5% is distributed to all those staking the VLXPAD token and the remaining 2.5% is sent to a burn wallet address. In addition, to sell orders, a 25% fee for unstaking VLXPAD before the end of a staking period is sent to a burn wallet. While rewarding VLXPAD stakers these mechanisms encourage long term holding, long term staking, and a reduction in the overall supply of VLXPAD.
  • Part of the BlueZilla ecosystem: VelasPad is an important element of the BlueZilla ecosystem, which benefits from an enormous range of cross-platform integrations and partnerships. Backed by an experienced team BlueZill has developed proven projects including BSCpad, ADApad, and TronPad. VelasPad uses the complete resources of the BlueZilla ecosystem, which may help to bring new opportunities to VLXPAD token holders.

Additional information about VelasPad can be found using our VLXPAD analysis tools.

Today's VelasPad price versus ATH

Compare today's price of VelasPad ($0.00660472 USD) against its all-time-high price of $1.31 USD on 09 November 2021. The closer the bar is to 100%, the closer VLXPAD is to reaching its ATH again.

VelasPad's price: $0.00660472
ATH date: November 09, 2021
0.50%

VelasPad ATH: $1.31


How to trade, convert or sell VelasPad

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

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

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