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How to buy Woonkly Power (WOOP) in Canada

Learn how to buy Woonkly Power (WOOP) in our step-by-step guide.

Woonkly Power (WOOP) is the 1689th largest cryptocurrency by market cap, valued at US$1,964,800.

Woonkly Power is a highly volatile asset capable of major price swings in a single day. Today WOOP is trading for $0.00850867 USD, which is higher than yesterday's trading price of $0.0079815171 USD. Over the past year, Woonkly Power's price has seen a decrease of -89%.

So before you buy Woonkly Power, 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 Woonkly Power.

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

Find an exchange to buy, sell and trade WOOP 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 Woonkly Power guide up-to-date

  • WOOP price data is regularly updated through data feeds so you always have the latest information.
  • Woonkly Power 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 Woonkly Power?

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 Woonkly Power?

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 Woonkly Power.

  • 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 WOOP 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 Woonkly Power?

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

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

What is the easiest way to buy Woonkly Power?

The easiest way to buy WOOP 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 WOOP, 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 Woonkly Power has been performing recently.

Best Woonkly Power wallets to store your WOOP

You can keep your WOOP 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 WOOP 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 Woonkly Power a good investment?

All cryptocurrency purchases should be fully evaluated for both risk and potential upside. With regards to Woonkly Power (WOOP), here are a few things to consider:

  • Earning potential. As well as being a marketplace/social media platform, Woonkly Power also envisioned a way to monetise the experience for their users. Whereas targeted ads in centralised social media platforms often provide minimal value to the user, Woonkly’s decentralised advertisement system is intended to reward the user for viewing the ad. This is achieved by 90% of the advertiser’s budget being distributed back to their audience for viewing or sharing it.
  • Super Powers. Woonkly has introduced a Super Power mechanism, where influencers and content creators can purchase a power which maximises their earning potentials. These are typically very rare and allow participants to do things like use their NFTs in external Woonkly advertisements, highlight their marketplace listings or make their profile appear in featured searches. The creation and release of these powers is an ongoing process.
  • Fee distribution. Woonkly has a specific structure for distributing fees to ensure their platform maintains its fair compensation for users. For example, 15% of all collected fees are reserved for marketing and business ops, and an additional 15% will be used to maintain the Super Powers program. For a limited time, 40% of all service fees will also be distributed to WOOP holders who are staking on the platform.
  • Royalties. In what is a relatively unique feature, NFT creators are able to assign their own royalty rate when minting a digital file onto the network.

Today's Woonkly Power price versus ATH

Compare today's price of Woonkly Power ($0.00850867 USD) against its all-time-high price of $1.46 USD on 02 April 2021. The closer the bar is to 100%, the closer WOOP is to reaching its ATH again.

Woonkly Power's price: $0.00850867
ATH date: April 02, 2021
0.58%

Woonkly Power ATH: $1.46


How to trade, convert or sell Woonkly Power

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

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

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