If you’re wondering how to buy 0x (ZRX) in Canada, you’ve come to the right place. This post will walk you through exactly how to buy it using Newton, one of the top-rated crypto exchanges in Canada and the easiest way for Canadians to buy 0x.
Newton is a particularly good choice for buying and selling 0x because it verifies accounts instantly, supports more than 75 crypto assets, and has zero trading fees (aside from the spread). If you’re serious about crypto investing and want to work with a reputable, reliable exchange, I highly recommend Newton.
What Is 0x (ZRX)?
Founded in 2016 by Will Warren and Amir Bandeali, 0x is an Ethereum-based protocol that tackles the growing need for swift and secure transactions of digital assets. To accomplish this, 0x uses smart contracts and its own ERC-20 native token, the ZRX. This token is used to pay transaction fees and receive staking rewards; it also acts as a governance token.
In its Initial Coin Offering (ICO) in 2017, 0x raised over $25 million. In 2019, 0x announced improvements on the ZRX token and smart contracts, and it launched its third smart contracts version v3.0. Keep in mind 0x’s smart contracts can be upgraded, so if the Ethereum blockchain network ever changes, 0x’s contracts can adapt to match it. The ZRX tokens follow a Proof of Stake (PoS) consensus protocol, and thus cannot be mined. To obtain ZRX you can first purchase another crypto like Bitcoin and trade it for ZRX; if you already have ZRX you can stake it to earn more.
The maximum allowed supply is 1 billion; as of 2022 80% is already in circulation.Through its bounty program, 0x identified and fixed a vulnerability before it could be exploited; this is what prompted its upgrade from v2.0 to v3.0.
Here are some other quick facts about 0x:
|Asset Type||Ethereum-based Protocol|
|Market Cap||$786,763,643 USD|
|All Time High||$2.5 USD|
|All Time High Date||Jan 13, 2018|
Why you should trust me
ExperiencedI bought my first cryptocurrency (Bitcoin) in 2013, bought Ethereum in 2017, and have held active accounts with at least 5 exchanges since 2018.
UnbiasedAll of my selections are supported by multiple data points, including crypto thought leaders, security experts, and TrustPilot reviews.
Deep ResearchMy team and I spent more than 100 hours researching exchanges before choosing our top picks, and we update them almost daily as the industry continues to change.
Where To Buy 0x In Canada
Here’s how to buy 0x in Canada smoothly and easily:
1. Open Your Newton Account
Opening a Newton account is easy: go to their website, enter your name and email, and follow the prompts to upload a piece of government-issued ID to verify your account.
If you sign up using my referral link, you’ll get a $25 signup bonus upon depositing $100 or more into your account.
2. Fund Your Newton Account
Canadians can fund their Newton account through Interac e-transfer, wire transfer, or cryptocurrency transfer from an external wallet. I recommend Interac e-transfer, since it’s fast, easy, and totally free.
Your funds will appear in your account in 30 minutes or less.
3. Buy 0x With Newton
Once you’ve funded your account, you can go ahead and buy however much 0x you want. To do that with Newton, log in to the app or web platform, tap Trade (the icon with two arrows), enter the dollar amount you wish to purchase, and select 0x from the dropdown menu.
Your order will be processed immediately, and your 0x will show up in your account right away. And that’s it—you just bought 0x!
Zero Trading Fees
Spreads: 0.2% – 0.7%
Why Newton Is Great For Buying 0x
There are many reasons Newton is my exchange of choice for buying 0x, but here are just three:
1. Extremely Low Fees
Newton doesn’t charge any trading fees, deposit fees, withdrawal fees, or any other types of fees you can think of. They even cover the first $5 on every crypto withdrawal, going above and beyond to save you money.
The only way Newton will make money your trades is through a narrow spread that’s charged on each trade. Newton’s spreads are very competitive with other exchanges, and you can see its live spread on 0x on its Fees page.
2. Wide Variety Of Coins
Newton currently supports more than 75 crypto assets, so if you want to trade other altcoins aside from 0x, Newton is your best bet for finding them.
3. Designed For Canadians
If you use a non-Canadian exchange, you generally have to fund your account with US dollars and pay foreign exchange fees ranging anywhere from 2-5%. Newton is a Canadian exchange, though, so you can fund your account directly with Canadian dollars without any fees.
Other benefits of Newton include the ability to fund your account via Interac e-transfer or from your Canadian bank account for free, plus the knowledge that you’re using a homegrown exchange that follows all current and anticipated Canadian regulations, ensuring your funds and crypto are always fully secure.
Where To Store 0x
Storing 0x is easy as long as you have the right crypto wallet to protect it and keep it secure. There are dozens of different wallets out there, each with their own set of features, many of which cost $100 or more to buy.
With Newton, though, you can skip expensive wallets altogether and just store your crypto right inside their app. Newton maintains third-party custodian partnerships with Fireblocks and Balance, which means they keep their users’ digital assets under cold (offline) storage at institutional-grade storage facilities. Other benefits of using Newton include:
- The widest selection of coins of any Canadian crypto wallet/exchange
- Newton performs daily off-site backups to ensure your crypto is always kept safe
- Open an account in 30 seconds
- $25 bonus when you buy $100 in crypto using my signup link
Newton is a widely trusted wallet and exchange I’ve personally used for more than a year. Whether you want to make your first crypto purchase or just spread out where you hold your coins, I can’t recommend Newton enough.
Zero Trading Fees
Spreads: 0.2% – 0.7%
Here’s how to buy 0x in Canada:
- Open a Newton account using my referral link to get your $25 signup bonus.
- Deposit Canadian dollars into your Newton account with zero fees.
- Exchange dollars into 0x with no commissions—you just pay the spread.
Buying 0x In Canada FAQs
What Fees Are Involved With Buying 0x?
Newton doesn’t charge any trading fees or commissions on 0x, so you just pay a spread of around 0.2% – 0.7%.
Which Canadian Exchanges Offer 0x?
How Do I Sell 0x In Canada?
To sell 0x, log in to your Newton account, go to Market -> Exchange (the arrows in the bottom-right of the app), and then set up the trade by entering the amount of 0x you wish to sell. Once the sale is complete, you can withdraw your fiat currency into your bank account via Interac e-transfer or direct deposit.
Alternatively, if you wish to transfer your 0x to a wallet outside of Newton, go to Market -> Exchange -> Withdraw -> Crypto to Wallet, select 0x from the dropdown list, and enter your external wallet address. Always double-check your external wallet address before processing your withdrawal request, as cryptocurrency transactions can’t be reversed once they’ve been submitted.
Is 0x A Good Investment?
At its current price of $0.7802 USD, 0x is down 68.79% from its all-time high of $2.5 USD on Jan 13, 2018. If the past is any indication, though, there’s a good chance 0x will increase from here and challenge its all-time high again, probably when Bitcoin approaches its all-time high, too.
Of course, all cryptocurrency investments are volatile and uncertain, so I recommend that you only invest money you can afford to lose.
0x Price Prediction
Our price prediction for 0x is $4.07 USD within 12 months. This equates to an increase of 421% from its current price of $0.7802 USD, and assumes that Bitcoin will surpass its all-time high of $69,045 USD in the next 12 months, too.