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How to buy XSGD (XSGD) in Canada

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

XSGD
XSGD- USD
$0.75
+ $0.0021 ( + 0.28%)
Buy XSGD

XSGD (XSGD) is the 351st largest cryptocurrency by market cap, valued at US$65,718,579.

XSGD is a highly volatile asset capable of major price swings in a single day. Today XSGD is trading for $0.744298 USD, which is higher than yesterday's trading price of $0.7433627753 USD. Over the past year, XSGD's price has seen an increase of 3%.

So before you buy XSGD, 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 XSGD.

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

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

1 - 1 of 1
Name Product Deposit methods Fiat Currencies Cryptocurrencies Offer Disclaimer
CEX.IO Cryptocurrency Exchange
CEX.IO Cryptocurrency Exchange
Bank transfer, Credit card, Cryptocurrency, SEPA, Faster Payments (FPS), SWIFT
USD, EUR, GBP, CAD

145
cryptocurrencies

Disclaimer: Highly volatile investment product. Your capital is at risk.
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View details
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How we keep this XSGD guide up-to-date

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

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 XSGD?

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 XSGD.

  • 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 XSGD 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 XSGD?

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

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

What is the easiest way to buy XSGD?

The easiest way to buy XSGD 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 XSGD, 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 XSGD has been performing recently.

Best XSGD wallets to store your XSGD

You can keep your XSGD 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 XSGD below.

Ledger Nano X Wallet

Trezor Model T Wallet

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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 XSGD 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 XSGD, here are a few things to consider:

  • XSGD’s use case: The purpose of XSGD is to offer a stable digital asset that tracks the true value of the Singapore dollar. The stability of XSGD offers a digital asset that removes the volatility of the cryptocurrency markets. However, as a result of XSGD tracking the value of the Singapore dollar, investors should only purchase the coin if they wish to gain exposure to the fiat equivalent. The token should not be purchased with the expectation of long term capital gains.
  • Centralised: The token is issued and backed by Xfers. It is the responsibility of Xfers to maintain XSGD’s peg to the Singapore Dollar. As Xfers holds full control of the supply of the token, any issues that occur with Xfers may result in the debasement or devaluation of the XSGD token.
  • Regulatory awareness: While StratisX and Xfers is compliant with current regulations, it is impossible to tell how future governments will adapt and react to developments of digital currencies. Governments have been known to change their stance on cryptocurrencies from time to time, which may affect the usable capacity of a stablecoin like XSGD.
  • Partnerships: StratisX has either partnered and integrated with leading crypto platforms and custody solutions, including BitGo, Fireblocks, Liquid, and HaloDAO. The integration of well-known custodians and security companies helps to add credibility to the project and the use of the XSGD token.

Today's XSGD price versus ATH

Compare today's price of XSGD ($0.744298 USD) against its all-time-high price of $1.36 USD on 14 November 2021. The closer the bar is to 100%, the closer XSGD is to reaching its ATH again.

XSGD's price: $0.744298
ATH date: November 14, 2021
54.73%

XSGD ATH: $1.36


How to trade, convert or sell XSGD

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

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

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