How to buy Tokamak Network (TON) in Canada

Learn how to buy Tokamak Network (TON) on 2+ crypto exchanges in our step-by-step guide.

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Certain trading features are limited or unavailable to residents of Ontario and Quebec.

Tokamak Network (TON) is the 601st largest cryptocurrency by market cap, valued at US$55,832,383.

Tokamak Network is a highly volatile asset capable of major price swings in a single day. Today the price of TON is $1.088 USD, which is lower than yesterday's trading price of $1.09 USD. Over the past year, Tokamak Network's price has seen a decrease of -65%.

So before you buy Tokamak Network, make sure you understand these unique risks as well as its legal and tax status here in Canada.

If you're ready to get started, read on for step-by-step instructions on how you can buy Tokamak Network.

How to buy Tokamak Network in 5 steps

The whole process can take as little as 15 minutes and all you'll need is a smartphone or computer, an internet connection, photo identification and a means of payment.

  1. Compare crypto exchanges
    The easiest way to buy Tokamak Network is from a cryptocurrency exchange. Comparing in the table below lets you find one with the features you want such as low fees, ease of use or 24-hour customer support.
  2. Create an account
    To create an account on an exchange, you will need to verify your email address and identity. Have some photo ID and your phone ready.
  3. Make a deposit
    Once verified, you can deposit CAD using the payment method that best suits you – cryptocurrency, bank and card payments are widely accepted.
  4. Buy Tokamak Network
    You can now exchange your funds for Tokamak Network. On beginner-friendly exchanges, this is as simple as entering the CAD or TON amount you want to purchase and clicking "buy".
  5. Secure your Tokamak Network
    Consider transferring your TON to a personal crypto wallet to protect against some of the risks of keeping it on an exchange, such as hacks, scams or platform bankruptcy.
Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

Where to buy Tokamak Network in Canada

Find an exchange to buy, sell and trade TON by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the exchange.

1 - 3 of 3
Product GXFCY Finder Score Fiat currencies Cryptocurrencies Deposit methods Offer Disclaimer
Uphold
Uphold logo
8Great

20

219

Credit card, Debit card, Apple Pay, Google Pay
Go to site

Capital at risk

View details
Kraken
Kraken logo
8.8Great

7

277

Credit card, Cryptocurrency, Debit card, Interac e-Transfer, Wire transfer, Apple Pay, Google Pay
Certain trading features are limited or unavailable to residents of Ontario and Quebec.
Go to site

Capital at risk

View details
Bitget
Bitget logo
8.6Great

45

874

Bank transfer, Credit card, Cryptocurrency, Debit card
Sign up and receive a 6,200 USDT newcomer's gift package.
Go to site

Capital at risk

View details
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Finder Score for crypto exchanges

To make comparing even easier we came up with the Finder Score. Supported coins, account fees and features across 28 cryptocurrency trading platforms are all weighted and scaled to produce a score out of 10. The higher the score the better the exchange - simple.

Read the full methodology

What is Tokamak Network?

Tokamak Network is a decentralised Turing-complete plasma chain focused on scaling the Ethereum blockchain. Conceptualised as a solution to the scaling issues faced by decentralised applications (dApps) built on Ethereum, the Tokamak Network allows developers and individuals to utilise a high speed and scalable layer-2 infrastructure. Tokamak Network connects the Ethereum main chain, also known as the Ethereum mainnet, to the Ethereum-based Tokamak Plasma Chain through the Tokamak protocol. Each dApp utilising Tokamak's protocol then establishes itself on its own chain allowing for infinitely more transactions to be processed.

According to the project's website, there are three main advantages of the Tokamak Plasma Chain. Firstly, it has the same structure and development environment as the Ethereum main chain, meaning that all smart contracts that run on Ethereum are also able to run on the Tokamak Plasma Chain. Secondly, transaction fees can be delegated, which means that if dApps choose to bear the fee, users can utilise the network for free. Thirdly, despite the Tokamak Plasma Chain being decentralised, there is no internal consensus mechanism. This allows for much higher throughput and quicker transaction times within the network. TON is the utility token of Tokamak and is used to encourage decentralisation within the network. TON coins must be deposited by dApp developers to open the Tokamak Plasma chain. The deposit for each chain gradually increases and is then used to reward users that find technical faults within a chain. Additionally, TON is used to charge “stamina,” which is what the Tokamak Network's transaction fees are called.

How do I find the best places to buy Tokamak Network?

Cryptocurrency exchanges offer similar services, but differ in a few key ways – mainly fees, the range of cryptos available and payment methods. You can use our table to compare the features of popular cryptocurrency exchanges available in Canada to help you choose the one that's right for you.

Some other factors you may want to consider are customer support, user reviews, ease of use and whether or not the exchange is registered with a local regulator. This information can be found by clicking on the exchange name in the table which will take you to its review page.

What will I need to buy Tokamak Network?

To create an account on any cryptocurrency exchange you will need an email address. Some exchanges may also ask for a phone number and photo ID, so it's a good idea to have those ready.

An increasing number of cryptocurrency exchanges will ask to verify your identity before you can deposit funds and start trading Tokamak Network.

  • This process is known as Know Your Customer (KYC) and usually requires photo ID and a webcam or smartphone. You may also need to prove your address by uploading a copy of a recent bank statement or utility bill.
  • Some exchanges allow you to deposit and trade cryptocurrencies without passing KYC, but they will not allow you to transfer local currency from your bank account. So if you are planning on purchasing TON with your local currency then you will need to pass KYC.
  • Once you have verified your identity, it is a good idea to enable 2-factor authentication (2FA) before depositing any funds. This will increase the security of your account and help keep your funds safe.

What are the best ways to buy Tokamak Network?

Once you've created an account, you will need to deposit funds to buy TON with. You can either deposit local currency from a bank account or credit card, or transfer cryptocurrency from another exchange or wallet. Here are some popular ways to buy TON:

  • Bank account: Transfers from local bank accounts are usually free, but you will need to double-check this with the exchange you choose – this information can be found in our table by clicking on 'view details'.
  • Credit or debit card: Linking a card to your account is another convenient way to top up your account, but be aware that it usually attracts an additional fee. An advantage, though, is that you can use a card to make instant purchases or set up a recurring purchase.
  • Cryptocurrency: You can usually purchase TON by trading it for another cryptocurrency like Bitcoin or a stablecoin. This varies between exchanges though, so you will need to search for TON on the spot market to see what cryptocurrencies it can be traded for.

What is the easiest way to buy Tokamak Network?

The easiest way to buy TON is by placing an 'instant buy' order to purchase it for a fixed price but not all crypto exchanges offer this feature.

Alternatively, you can open a trade on the spot market which allows you to set your own price – this is the most common way to purchase cryptocurrency. Using the instant buy feature is straightforward but typically more expensive than using the spot market.

Before buying TON, you may want to check the market conditions. To help you decide if now is the right time to buy, you can take a look at our all-time high tool to get an idea of how the price of Tokamak Network has been performing recently.

Best Tokamak Network wallets to store your TON

You can keep your TON on the exchange you purchased it on, or move it to a personal wallet:

  • Some people like to use their own wallets to guarantee total ownership over their assets, or to use them with other applications like DeFi services.
  • Hardware wallets are typically considered to be the safest type of cryptocurrency wallet, as they use a physical device to enhance security in a number of ways. You can take a look at some of our top hardware wallet picks for self-custody of your TON below.

Ledger Nano X Wallet

Trezor Model T Wallet

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Go to site

Supported assets

5,500+

Supported assets

1,000+

Price (USD)

$149

Price (USD)

$129

Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

Is Tokamak Network a good investment?

As with any investment, it is vital you understand the risks and potential upside of the asset before making any financial decision. With regards to TON, here are a few things you should consider:

  • Layer-2 interoperability: All layer-2 chains built within the Tokamak network can interact with all other layer-2 chains. The end result may be an ecosystem akin to the ecosystem currently being built using Cosmos. Interoperability is always an attractive aspect for both dApp developers and users.
  • Ethereum native programming: The programming language used on Ethereum is also implemented within the Tokamak protocol. This means dApp developers used to the Ethereum ecosystem can seamlessly transfer across to the Tokamak Network. Lowering the barrier of entry for dApp developers may encourage adoption in the future. Remember to check on any new dApp releases that involve the Tokamak network.
  • Feeless transactions:
    •  High fees are an issue plagued by blockchains, such as Ethereum. Unlike Ethereum, Tokamak offers dApp developers the opportunity to take on transaction fee costs and, therefore, allow users to operate on the network completely free. If dApp developers building on Tokamak take on this charge, the adoption of the network is more likely.
  • Comeptition: By focusing on the scalability issues faced by Ethereum, Tokamak is situated in a heavily saturated market. There are tens of projects focused on the scalability issues faced by blockchains, which means Tokamak will need to compete with each of these for market share. Before investing in TON it might be worth researching other layer-2 scaling networks such as Polygon, Optimism and Arbitrum.

Today's Tokamak Network price versus ATH

Compare today's price of Tokamak Network ($1.088 USD) against its all-time-high price of $30.51 USD on 02 April 2021. The closer the bar is to 100%, the closer TON is to reaching its ATH again.

Tokamak Network's price: $1.088
ATH date: April 02, 2021
3.57%

Tokamak Network ATH: $30.51


How to trade, convert or sell Tokamak Network

You can convert or sell your TON with the same exchange you bought it through:
  1. Sign in to the exchange you have TON on.
  2. If you store your Tokamak Network in a digital wallet, compare crypto exchanges to convert or sell it on.
  3. Choose Sell or Convert and place a sell order.
  4. Choose the amount of TON you'd like to convert or sell.
  5. Confirm the sell price and fees and close your sale of Tokamak Network.
  6. Complete your transaction and move your TON to a wallet for storage.

Disclaimer: Cryptocurrencies, including Tokamak Network, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of TON is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the Tokamak Network or any other cryptocurrency discussed.

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