If you’re wondering how to buy Wonderland (TIME) 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 Wonderland.
Newton is a particularly good choice for buying and selling Wonderland 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 Wonderland (TIME)?
Launched in 2021 by an anonymous team of developers led by Daniele Sesta, Wonderland (TIME) are an Avalanche-based decentralized reserve currency protocol and the first fork of the OlympusDAO (OHM) ecosystem.
At its core, Wonderland’s underlying mechanism is just like Olympus’. Both TIME and OHM tokens use various other crypto tokens as a backing reserve, so each token is backed by assets rather than pegged to a currency.
As a security mechanism, if TIME tokens were to fall below their backed value, the Wonderland treasury would buyback and burn TIME tokens to increase the scarcity, and thus the price, back up over the backed value. Like the OHM token, there is no upper price limit for the TIME token.TIME tokens can be acquired in two ways: holders can Bond, which is a similar process to mining that allows bonders to buy back the newly minted coins at a discount, and holders can Stake, which works like a passive investment accrues TIME tokens automatically.
Wonderland uses a consensus algorithm that mixes elements from Proof of Stake (PoS) and Proof of Work (PoW). Unlike PoS, it doesn’t have certified validators. Instead, nodes validate transactions simultaneously, and validators are chosen randomly.
Here are some other quick facts about Wonderland:
|Asset Type||Avalanche-based Protocol|
|Market Cap||$5,924,582 USD|
|All Time High||$10063.72 USD|
|All Time High Date||Nov 07, 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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Where To Buy Wonderland In Canada
Here’s how to buy Wonderland 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 Wonderland With Newton
Once you’ve funded your account, you can go ahead and buy however much Wonderland 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 Wonderland from the dropdown menu.
Your order will be processed immediately, and your Wonderland will show up in your account right away. And that’s it—you just bought Wonderland!
Zero Trading Fees
Spreads: 0.2% – 0.7%
Why Newton Is Great For Buying Wonderland
There are many reasons Newton is my exchange of choice for buying Wonderland, 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 Wonderland 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 Wonderland, 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 Wonderland
Storing Wonderland 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 Wonderland 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 Wonderland with no commissions—you just pay the spread.
Buying Wonderland In Canada FAQs
What Fees Are Involved With Buying Wonderland?
Newton doesn’t charge any trading fees or commissions on Wonderland, so you just pay a spread of around 0.2% – 0.7%.
Which Canadian Exchanges Offer Wonderland?
Newton is the only exchange Canadians can use to buy Wonderland today. Other exchanges like CoinSmart and Bitbuy may add support for Wonderland in the future, but right now, Newton is the only option Canadians have.
How Do I Sell Wonderland In Canada?
To sell Wonderland, 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 Wonderland 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 Wonderland to a wallet outside of Newton, go to Market -> Exchange -> Withdraw -> Crypto to Wallet, select Wonderland 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 Wonderland A Good Investment?
At its current price of $105.81 USD, Wonderland is down 98.95% from its all-time high of $10063.72 USD on Nov 07, 2021. If the past is any indication, though, there’s a good chance Wonderland 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.
Wonderland Price Prediction
Our price prediction for Wonderland is $10,125.41 USD within 12 months. This equates to an increase of 9469% from its current price of $105.81 USD, and assumes that Bitcoin will surpass its all-time high of $69,045 USD in the next 12 months, too.