How To Buy Cartesi (CTSI) In Canada (Jul 2022)

June 30, 2022
Blog

If you’re wondering how to buy Cartesi (CTSI) 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 Cartesi.

Newton is a particularly good choice for buying and selling Cartesi 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 Cartesi (CTSI)?

Founded in 2018 by Erick de Moura, Diego Nehab, Augusto Teixeira and Colin Steil, Cartesi (CTSI) is the first fully operational Blockchain Operating System (OS). Its main purpose is to solve the scalability issue of most blockchains, and it achieves this by providing Layer-2 tools that would otherwise be unattainable for Layer-1 blockchains. Cartesi allows developers to build smart contracts and Decentralized Apps (dApps) using Linux and programming languages like C++, Python, and SQLite. It is also compatible with Ethereum Virtual Machines (EVM) networks and blockchains that support EVMs.

This is how it works; dApps built using Cartesi are verifiable by the blockchain, but the complex processing is executed off-chain; as a result, it frees up valuable computational power on-chain.

Cartesi is partnered and fully compatible with Binance Smart Chain, EthreumBlockchain, Elrond Network, Polygon Blockchain and the Avalanche Blockchain.

Holders of Cartesi’s native token, CTSI, can set up and run their own nodes. Cartesi is secured with a modified Proof of Stake (PoS) consensus algorithm that offers stable rewards and minimizes the effect of inflation. Holders can earn rewards in the form of CTSI tokens. During its Initial Coin Offering (ICO), Cartesi raised over $1.5 million.

Here are some other quick facts about Cartesi:

Asset TypeBlockchain Operating System
Price$0.3021 USD
Market Cap$170,183,744 USD
Circulating Supply563,302,871
Total Supply1,000,000,000
WhitepaperLink
All Time High$1.74 USD
All Time High DateMay 09, 2021
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Where To Buy Cartesi In Canada

Here’s how to buy Cartesi 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 Cartesi With Newton

Once you’ve funded your account, you can go ahead and buy however much Cartesi 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 Cartesi from the dropdown menu.

Your order will be processed immediately, and your Cartesi will show up in your account right away. And that’s it—you just bought Cartesi!

Zero Trading Fees

Spreads: 0.2% – 0.7%
Security: 95% cold storage
Signup bonus: $25

Low spreads & zero trading fees.

★★★★★

Rated 4.5/5

Why Newton Is Great For Buying Cartesi

There are many reasons Newton is my exchange of choice for buying Cartesi, 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 Cartesi 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 Cartesi, Newton is your best bet for finding them.

Newton obviously supports the major coins like Bitcoin and Ethereum, but smaller altcoins like PancakeSwap and Celo are also supported.

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 Cartesi

Storing Cartesi 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%
Security: 95% cold storage
Signup bonus: $25

Low spreads & zero trading fees.

★★★★★

Rated 4.5/5

In Summary

Here’s how to buy Cartesi in Canada:

  1. Open a Newton account using my referral link to get your $25 signup bonus.
  2. Deposit Canadian dollars into your Newton account with zero fees.
  3. Exchange dollars into Cartesi with no commissions—you just pay the spread.

Buying Cartesi In Canada FAQs

What Fees Are Involved With Buying Cartesi?

Newton doesn’t charge any trading fees or commissions on Cartesi, so you just pay a spread of around 0.2% – 0.7%.

Which Canadian Exchanges Offer Cartesi?

Newton is the only exchange Canadians can use to buy Cartesi today. Other exchanges like CoinSmart and Bitbuy may add support for Cartesi in the future, but right now, Newton is the only option Canadians have.

How Do I Sell Cartesi In Canada?

To sell Cartesi, 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 Cartesi 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 Cartesi to a wallet outside of Newton, go to Market -> Exchange -> Withdraw -> Crypto to Wallet, select Cartesi 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 Cartesi A Good Investment?

At its current price of $0.3021 USD, Cartesi is down 82.64% from its all-time high of $1.74 USD on May 09, 2021. If the past is any indication, though, there’s a good chance Cartesi 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.

Cartesi Price Prediction

Our price prediction for Cartesi is $2.36 USD within 12 months. This equates to an increase of 682% from its current price of $0.3021 USD, and assumes that Bitcoin will surpass its all-time high of $69,045 USD in the next 12 months, too.

The Best Crypto Exchanges In Canada

Best Overall

Trading fees: 0.1%
Security: 99% cold storage
Signup bonus: $50

Serving over 400,000 Canadians

★★★★★

Rated 4.9/5

$50 Signup Bonus

Trading fees: 0.2%
Security: 95% cold storage
Signup bonus: $50

Trusted by 200,000+ Canadians.

★★★★★

Rated 4.8/5

Best For Altcoins

Spreads: ~0.5%
Security: 95% cold storage
Signup bonus: $30

Low spreads, great platform.

★★★★

Rated 4.5/5