How to Buy SushiSwap (SUSHI) in Canada

How to Buy SushiSwap in Canada

You can think of SushiSwap as a type of decentralized exchange (DEX) called an automated market maker (AMM) based on smart contracts.

BUY PRICE1 SUSHI = CAD $0.00

0.00

SELL PRICE1 SUSHI = CAD $0.00

0.00

SUMMARY1. Brief Intro2. Price3. How to Buy4. Why Netcoins?5. About SushiSwap

Brief Intro

SushiSwap was founded in 2020 by a group of anonymous creators who go by the names Chef Nomi and 0xMaki. SushiSwap is an automated market maker (AMM), meaning that it uses a pool of crypto funds provided by its users to allow for the swapping of cryptocurrencies on the platform. SUSHI is the native token of SushiSwap and lets holders vote on changes made to the platform, alongside the opportunity to earn additional rewards through staking. If you are wondering how to buy SUSHI tokens in the USA, Netcoins is a publicly-traded, fully regulated crypto trading platform. With 0% funding fees*, free cash withdrawals, and live customer support service seven days a week, we make it simple for Americans to buy SushiSwap (SUSHI) and other cryptocurrencies.

SushiSwap Price

Buy SushiSwap

SUSHI / CAD

CAD $ -

1H24H7D

Buy Price$0.00

Sell Price$0.00

24h High$0.00

24h Low$0.00

How to Buy SushiSwap

1. Create an Account

2. Fund It

Your Netcoins account can be funded with a crypto deposit, an ACH transfer or a bank wire transfer.

3. Start Trading

Buy and sell as much SushiSwap as you want with no slippage due to our deep liquidity

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More About SushiSwap

How Much SushiSwap Can I Buy?

SUSHI, like other cryptocurrencies, are highly divisible. You can buy a whole SUSHI token or fractions of it. When opting to buy SUSHI, using a platform like Netcoins allows you to buy whatever dollar amount of SUSHI tokens you’d like.

Is SushiSwap Safe?

SushiSwap presents an exciting value proposition as a decentralized platform, mainly because it allows you to swap between cryptocurrencies. However, there are risks to understand, which may impact the long-term performance of both SushiSwap as a platform and its native SUSHI token. Like all cryptocurrencies, SUSHI can be volatile and has experienced significant swings in price since its inception. 2021 was an impressive year for SushiSwap, which saw over 180% price appreciation throughout the year. Despite that, volatility continues to be present and needs to be accounted for as a risk present in SUSHI and all cryptocurrencies.

What Can You Do with SushiSwap?

SushiSwap offers investors opportunities to generate wealth through a variety of different products. SUSHI is often treated as a long-term investment that can be held in the hopes of generating price appreciation. However, additional things can be done with your SUSHI tokens beyond the simplicity of holding them. By transferring your SUSHI holdings to an external wallet, you are able to connect them to the SushiSwap platform, enabling you to earn passive income through staking. This process enables you to earn additional rewards, maintain control of your SUSHI, while also remaining exposed to its price movements. The staking rewards are generated through a mix of fees collected on the SushiSwap platform whenever a swap occurs.

What is SLP & What are the Fees in SushiSwap?

Liquidity pools on SushiSwap allow anybody to contribute liquidity. After doing so, they get rewarded with SushiSwap Liquidity Provider tokens (SLP tokens). If users deposited $SUSHI and $ETH into a pool, they would receive SUSHI-ETH SLP tokens. These tokens represent a proportional share of the pooled assets and let users withdraw their funds at any time. The great thing about SushiSwap is its flat fee of 0.3%, which does not change. The process involves no “gas fees”; the 0.3% trading fee is applied when swapping any pair of tokens. Most of these fees go to liquidity providers, while the rest going to those who stake their SUSHI tokens

SushiSwap vs. UniSwap: What’s the Difference?

The relationship between SushiSwap and UniSwap is deeply intertwined. UniSwap was created in 2018 on the Ethereum network and was a pioneer in developing the cryptocurrency swap. In the decentralized finance space, UniSwap grew very quickly and sparked several other projects trying to accomplish similar goals. In 2020, SushiSwap was launched as a fork of UniSwap to improve it and create a better product for crypto investors. Since then, SushiSwap has evolved significantly by creating a user-oriented platform. Their large variety of products spans a wide variety of topics within the finance space, allowing users to earn rewards and access features such as liquidity mining, lending, and margin trading.

FAQs

WHY BUY SushiSwap?

Buying SUSHI tokens is a great way for investors to diversify their portfolios by having non-traditional assets mixed in with traditional assets. People invest in SUSHI for three main reasons: Its decentralized nature It offers investors opportunities to generate wealth through a variety of different products Because it’s a governance token where they can help make decisions about the future of SushiSwap Now that you know a little more about how to buy SUSHI tokens and why it may be a good investment, trust Netcoins to help you. We make it easy to buy SUSHI crypto so that you can buy as much as you like – or as little as $10 – in a quick and easy way. Contact us if you need support.

WHY IS KYC (VERIFICATION) REQUIRED?

Netcoins USA is a licensed money service business under FinCEN, we adhere to the strict guidelines set by them for Money Transmitter Businesses. We are required to have a Know-Your-Customer (KYC) process and compliance program in place. KYC is a process that allows us to verify the identity of our customers, as per American regulations.

WHAT DO I NEED TO PROVIDE FOR YOUR VERIFICATION PROCESS?

You will have to provide your email address, phone number and personal information including your first name, last name, address, date of birth and a piece of identification (like a driver’s license). Most users are verified at this point through our automated process. If you don’t pass the automated KYC process, you will have to go through an additional document verification stage. This is important and required as we are a regulated money service business in the US.

HOW CAN I FUND MY ACCOUNT?

Your Netcoins account can be funded with a crypto deposit, regular ACH, ACH pre-funding or a bank wire transfer. Once you have funds in your Netcoins account, you’ll find that it’s super easy to buy SUSHI in the US.

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