If you’re wondering how to buy Curve DAO Token (CRV) 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 Curve DAO Token.
Newton is a particularly good choice for buying and selling Curve DAO Token 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 Curve DAO Token (CRV)?
Founded in 2020 by Michael Egorov, Curve DAO Token (CRV) is an Ethereum-based ERC-20 token traded in the Ethereum blockchain. Curve DAO has gained a lot of traction in the last couple of years as the first platform that supported a dedicated Automated Market Maker (AAM) for stablecoin trading.
Stablecoins have many uses, like making transactions between fiat-to-crypto and crypto-to-crypto possible and a very stable price, no matter the market conditions. Stable coins rely on bots to process a large number of transactions, and liquidity pools, to maintain a stable price. Curve DAO rewards investors who support DeFi services and deposit funds on the liquidity pools.
CRV tokens can be acquired by purchasing them in exchanges as well through yield farming; depositing assets in a liquidity pool earns CRV tokens as a reward. Depositing assets into a liquidity pool earns rewards in the form of the same tokens deposited. Part of the trading fees charged by Curve DAO is used to pay out staking rewards, and as of 2022, there are 500 million CRV coins in circulation, out of a maximum supply of 3 billion.
Here are some other quick facts about Curve DAO Token:
|Asset Type||Ethereum-based Stablecoin|
|Market Cap||$1,143,355,464 USD|
|All Time High||$54.01 USD|
|All Time High Date||Aug 14, 2020|
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ExperiencedI bought my first cryptocurrency (Bitcoin) in 2013, bought Ethereum in 2017, and have held active accounts with at least 5 exchanges since 2018.
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Where To Buy Curve DAO Token In Canada
Here’s how to buy Curve DAO Token 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 Curve DAO Token With Newton
Once you’ve funded your account, you can go ahead and buy however much Curve DAO Token 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 Curve DAO Token from the dropdown menu.
Your order will be processed immediately, and your Curve DAO Token will show up in your account right away. And that’s it—you just bought Curve DAO Token!
Zero Trading Fees
Spreads: 0.2% – 0.7%
Why Newton Is Great For Buying Curve DAO Token
There are many reasons Newton is my exchange of choice for buying Curve DAO Token, 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 Curve DAO Token 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 Curve DAO Token, 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 Curve DAO Token
Storing Curve DAO Token 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 Curve DAO Token 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 Curve DAO Token with no commissions—you just pay the spread.
Buying Curve DAO Token In Canada FAQs
What Fees Are Involved With Buying Curve DAO Token?
Newton doesn’t charge any trading fees or commissions on Curve DAO Token, so you just pay a spread of around 0.2% – 0.7%.
Which Canadian Exchanges Offer Curve DAO Token?
Newton is the only exchange Canadians can use to buy Curve DAO Token today. Other exchanges like CoinSmart and Bitbuy may add support for Curve DAO Token in the future, but right now, Newton is the only option Canadians have.
How Do I Sell Curve DAO Token In Canada?
To sell Curve DAO Token, 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 Curve DAO Token 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 Curve DAO Token to a wallet outside of Newton, go to Market -> Exchange -> Withdraw -> Crypto to Wallet, select Curve DAO Token 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 Curve DAO Token A Good Investment?
At its current price of $2.48 USD, Curve DAO Token is down 95.41% from its all-time high of $54.01 USD on Aug 14, 2020. If the past is any indication, though, there’s a good chance Curve DAO Token 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.
Curve DAO Token Price Prediction
Our price prediction for Curve DAO Token is $72.90 USD within 12 months. This equates to an increase of 2840% from its current price of $2.48 USD, and assumes that Bitcoin will surpass its all-time high of $69,045 USD in the next 12 months, too.