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The metaverse is a virtual world or digital universe that has been created to allow people to connect on a whole new level. As in any universe, you will need currency to make your way around it. If you are a resident of Canada and the metaverse, you need to figure out how to buy metaverse coins in Canada.
Although it is still in its infancy, new developments in the Metaverse are seen daily that have led to its growth bringing futurism into modern life. The metaverse is slowly growing and aims to allow people to socialize, work, attend meetings and appointments, play games, earn money, etc. all in a virtual world. Within the metaverse, various currencies or cryptocurrencies exist that help to fund the metaverse crypto projects. These currencies are based on the blockchain concept. They come in the form of metaverse coins, metaverse tokens, or metaverse crypto. Using these currencies, you can buy and sell property, land, as well as products and upgrades for games.
Follow these Steps to Buy Metaverse Coins in Canada
- Compare crypto exchanges: To buy metaverse coins, you will have to have some kind of cryptocurrency to make the purchase. The cryptocurrency can be either Bitcoin, Ethereum, or any other popular one that you can use to make purchases in the metaverse. There are various crypto exchange platforms available where you can start your crypto journey that will eventually allow you to buy metaverse coins. Each platform varies in fees, security, and payment methods. You can go through different platforms and find one that best suits your needs and offers great customer support in case you need help. If you are a beginner, you can choose a platform that currently suits your needs, and then change to a different platform in the future if required.
- Create an account on the exchange platform: After you have found an exchange platform that you like, you will have to create a user account. You will be required to provide some personal information and verify your email as well as your identification. This is required to ensure better security on the platform you choose and keep away fraudsters.
- Make a deposit: The next step you will have to complete after creating your user account is to deposit funds into your account. You can do this either through a bank transfer or pay with a credit or debit card. Most crypto exchange platforms accept all kinds of money transfers. The funds you deposit into your user account will constitute your crypto wallet. This will allow you to make various purchases all throughout crypto markets as well as the metaverse.
- Buy metaverse coins: Using your crypto wallet, you can now buy metaverse coins. There are various popular metaverse coins and tokens that can be a great way to begin your first metaverse coin purchase.
Most Popular Metaverse Coins to Buy in Canada
- The Sandbox, SAND: The Sandbox is a metaverse project whose native token is SAND, based on Ethereum. The Sandbox is a game that allows users to create 3D games as well as monetize their playing experience. Using SAND, users can buy and sell in-game assets that can be integrated into their gaming experience.
- Decentraland, MANA: MANA is another Ethereum token used on Decentraland, a virtual reality where users can buy plots of land and monetize them. The land bought on Decentraland can be rented out or used for various kinds of events as well.
- Axie Infinity, AXS: Axie Infinity is another game that can be played on the metaverse. Here, users can buy, sell, breed, and battle different kinds of creatures. Users can win the AXS token by winning battles and completing quests.
Now that you know the steps to follow for how to buy metaverse coins in Canada, you must also know which of the many crypto exchange platforms you can use that you can use to allow you to make purchases in the metaverse. Each platform may vary in its signing up process and may require various stages of authentication.
Platforms to Use to Buy Metaverse Coins in Canada
- Binance Canada: Binance is one of the world’s most popular crypto exchange platforms. Binance Canada allows users from Canada to trade and store over 350 altcoins safely and securely. They have a secure crypto wallet that you can use to store your cryptocurrency for future use. The crypto you purchase from Binance Canada, like Ethereum and Bitcoin, can then be used to buy the metaverse coins of your choosing.
- BitBuy Canada: BitBuy Canada is another reputed crypto exchange platform that you can use to safely buy and store your crypto. They are well known for their customer service and their security features. They also take a low trading fee and have a great user interface that anyone can navigate.
- Kraken Canada: Kraken is a crypto exchange based in the USA but available for Canadians to use as well. They are one of the most trusted exchanges and even offer 24×7 customer support to help users who may have issues with their accounts. They offer well-designed charting tools as well as low trading fees. An important point to remember with Kraken is that Canadian crypto users cannot trade Ethereum tokens that have been staked for Ethereum 2.0.
- Coinbase Canada: This is another crypto exchange platform that Canadians can use to buy, trade, and store crypto. Their platform is easy to use and is one of the safest platforms to use with no reported security breaches to date. The platform allows you to safely trade and purchase digital assets and even earn crypto rewards. It’s a great platform to buy metaverse coins.
Using the crypto you purchase on these exchange platforms, you can buy your own metaverse coins to use in your virtual world. These are a few of the many trusted and highly secure crypto exchanges that you can use to begin your journey to buy metaverse coins and tokens. It is crucial that you use a platform that meets your requirements and offers high security.