How To Buy Waves (WAVES) In Canada (Aug 2022)

What Is Waves (WAVES)?

Launched in 2016 by very known crypto specialist Alexander Ivanov, Waves (WAVES) is a decentralized blockchain network, whose main purpose is to make it easy for users to create new DeFi services, launch Wave-based tokens, and increase the overall speed of trades.

Among the supported services are decentralized apps (dApp) and smart contracts, and one of Waves objectives is to make it easy for the average user to be able to create them. No extensive programming knowledge is necessary, everything can be created via scripts.

Waves also has its very own exchange, the Waves.Exchange. It serves as a Decentralized Exchange (DEX), allowing users to buy and sell WAVES tokens right from the Waves blockchain.

Waves uses a very advanced variation of the Proof of Stake (PoS) algorithm: the Waves-NG protocol. This protocol prevents the possibility of double-spending by using two kinds of blocks: leader blocks, which are created and randomly assigned to a Proof of Stake (PoS) miner, and micro blocks, which contain a public key. The subsequent blocks all derive from the leader block in parallel, not one by one, and this speeds up the transactions considerably.Waves was hacked in 2018, no assets were lost.

Here are some other quick facts about Waves:

Where To Buy Waves In Canada

Here’s how to buy Waves 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 Waves With Newton

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

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

Zero Trading Fees

Spreads: 0.2% – 0.7% Security: 95% cold storage Signup bonus: $25 Low spreads & zero trading fees.

CLAIM $25 BONUS ★★★★★ Rated 4.2/5

Why Newton Is Great For Buying Waves

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

Newton obviously supports the major coins like Bitcoin and Ethereum, but smaller altcoins like Uniswap and Wrapped Bitcoin 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 Waves

Storing Waves 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.

CLAIM $25 BONUS ★★★★★ Rated 4.2/5

In Summary

Here’s how to buy Waves 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 Waves with no commissions—you just pay the spread.

Buying Waves In Canada FAQs

What Fees Are Involved With Buying Waves?

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

Which Canadian Exchanges Offer Waves?

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

How Do I Sell Waves In Canada?

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

At its current price of $15.48 USD, Waves is down 74.75% from its all-time high of $61.3 USD on Mar 31, 2022. If the past is any indication, though, there’s a good chance Waves 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.

Waves Price Prediction

Our price prediction for Waves is $72.69 USD within 12 months. This equates to an increase of 370% from its current price of $15.48 USD, and assumes that Bitcoin will surpass its all-time high of $69,045 USD in the next 12 months, too.