NFTs in Canada

Investing or simply buying NFTs in Canada might not be the most straight forward thing to do in the sense that you can only buy the NFTs using cryptocurrencies instead of dollars. In order to buy the appropriate cryptocurrency, you need to know which exchange you can transfer the money to and if that exchange has that specific cryptocurrency to trade. In order to buy NFTs in Canada, start with selecting a suitable cryptocurrency exchange.

Some of the most widely used crypto exchanges in Canada are Coinbase, Coinsquare, Binance and Newton. One quick word of caution for Coinbase is that you cannot directly withdraw money into your Canadian bank account. You’ll have to connect a Paypal account, move the funds to your Paypal account and then withdraw these funds to your bank account. Binance has been quite a popular options but it has some danger of shutting down or halting any trades due to complications with the regulatory body of the Government.

Out of all these crypto exchanges in Canada, we recommend Newton due to ease of funding, withdrawing and use in general and also the wide availability of cryptocurrencies to trade. You can use this link (referral) to sign up with Newton and get free $25 in your account when you conduct your first trade of $100 or over. 25% in free funding isn’t bad.

Post detailing step-by-step instructions to buy (or sell) an NFT to follow.

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