If you’re wondering how to buy Holochain (HOT) 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 Holochain.
Newton is a particularly good choice for buying and selling Holochain 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 Holochain (HOT)?
Holochain (HOT) is a Decentralized Finance (DeFi) P2p and Decentralized Applications (dApps) platform whose main purpose is to tackle the growing need for a faster, more secure blockchain system, and one of Holo’s main objectives is to incentivize users to create their own Decentralized Apps (dApp).
Holo founders Arthur Brock and Eric Harris-Braun had in mind an alternative to regular blockchains that would solve the scalability problem, a ubiquitous problem that inevitably rises in some of the largest blockchains. The Holo network was built using what they found was the best alternative: Distributed Ledger Technology (DLT).
Considered by many a strict upgrade on conventional blockchains technology, DLT is virtually limitless in terms of scalability; they are more transparent than blockchains and can reach thousands of transactions per second, or even billions of simultaneous transactions, with enough nodes.
The Holochain doesn’t use a regular consensus algorithm; the integrity is maintained independently by individual nodes that control ‘zones.’ There is no global consensus ledger.
Holochain’s native tokens, HOT, can be acquired by lending computational power to the Holochain network in a system similar to staking or by purchasing it from some of the largest crypto exchanges.
Here are some other quick facts about Holochain:
|Asset Type||Distributed Ledger|
|Market Cap||$759,344,093 USD|
|All Time High||$0.031266822612 USD|
|All Time High Date||Apr 05, 2021|
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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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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 Holochain In Canada
Here’s how to buy Holochain 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 Holochain With Newton
Once you’ve funded your account, you can go ahead and buy however much Holochain 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 Holochain from the dropdown menu.
Your order will be processed immediately, and your Holochain will show up in your account right away. And that’s it—you just bought Holochain!
Zero Trading Fees
Spreads: 0.2% – 0.7%
Why Newton Is Great For Buying Holochain
There are many reasons Newton is my exchange of choice for buying Holochain, 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 Holochain 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 Holochain, 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 Holochain
Storing Holochain 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 Holochain 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 Holochain with no commissions—you just pay the spread.
Buying Holochain In Canada FAQs
What Fees Are Involved With Buying Holochain?
Newton doesn’t charge any trading fees or commissions on Holochain, so you just pay a spread of around 0.2% – 0.7%.
Which Canadian Exchanges Offer Holochain?
Newton is the only exchange Canadians can use to buy Holochain today. Other exchanges like CoinSmart and Bitbuy may add support for Holochain in the future, but right now, Newton is the only option Canadians have.
How Do I Sell Holochain In Canada?
To sell Holochain, 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 Holochain 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 Holochain to a wallet outside of Newton, go to Market -> Exchange -> Withdraw -> Crypto to Wallet, select Holochain 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 Holochain A Good Investment?
At its current price of $0.004356 USD, Holochain is down 86.07% from its all-time high of $0.031266822612 USD on Apr 05, 2021. If the past is any indication, though, there’s a good chance Holochain 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.
Holochain Price Prediction
Our price prediction for Holochain is $0.04 USD within 12 months. This equates to an increase of 776% from its current price of $0.004356 USD, and assumes that Bitcoin will surpass its all-time high of $69,045 USD in the next 12 months, too.