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Canadian Dollar (CAD) to Coin98 (C98) Instantly

Frequently Asked Questions

What are the most common methods to buy Coin98 (C98) with Canadian Dollars (CAD)?

The most direct way to purchase C98 tokens with CAD is through a centralized cryptocurrency exchange that offers a CAD/C98 trading pair or a CAD fiat on-ramp. Many Canadian users prefer platforms that support INTERAC e-Transfer for fast and low-cost deposits. After completing KYC/AML compliance, you can deposit CAD, then execute a trade for C98 on the exchange's order book. Alternatively, you can buy a major cryptocurrency like BTC or ETH with CAD and then swap it for C98.

What security practices are essential when storing C98 purchased with CAD?

After acquiring C98, it's crucial to move it from the exchange to a secure digital wallet where you control the private keys. For maximum security, a hardware wallet is recommended. Alternatively, you can use the native Coin98 Wallet, a non-custodial multichain wallet that gives you full control over your digital assets. Always enable two-factor authentication (2FA) on your exchange account, use strong, unique passwords, and be vigilant against phishing scams.

Are there Canadian-specific regulations like FINTRAC I should know when trading CAD for C98?

Yes, any cryptocurrency exchange operating in Canada must register with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) as a Money Service Business (MSB). This means that to use a CAD fiat on-ramp, you must complete a Know Your Customer (KYC) verification process. These KYC/AML compliance measures are in place to prevent illicit activities and ensure a secure trading environment. Always choose a FINTRAC-regulated exchange for your CAD to C98 transactions for greater security and compliance.

What is the core utility of the C98 token in its DeFi gateway ecosystem?

The C98 token is the native utility token of the Coin98 platform, a comprehensive DeFi gateway. Its primary functions include earning staking rewards, gaining tiered access to features on the Coin98 Launchpad, and being used as a governance token for protocol decisions. Furthermore, C98 can be used to pay for transaction fees within the Coin98 Super App, which integrates a multichain wallet, DEX aggregator, and cross-chain bridges to simplify user interaction with various DeFi protocols.

How does the Coin98 cross-chain bridge benefit a C98 holder?

The Coin98 cross-chain bridge is a key feature of its DeFi gateway, allowing C98 holders to seamlessly transfer their tokens between different blockchain networks (e.g., from Ethereum to BNB Smart Chain or Solana). This enhances the token's utility by enabling holders to access yield farming opportunities, liquidity pools, and other DeFi protocols on multiple chains without needing to use multiple complex bridging solutions. It increases capital efficiency and expands the operational scope for C98 investors.

What are the typical transaction fees when buying C98 with CAD via INTERAC e-Transfer?

When using INTERAC e-Transfer to fund your exchange account with CAD, the deposit fee is often very low or even zero, making it a cost-effective fiat on-ramp. Once funded, you'll encounter a trading fee (typically 0.1% to 0.5%) when you execute the CAD to C98 purchase on the order book. Finally, if you withdraw your C98 tokens to a private, non-custodial wallet like the Coin98 Wallet, you will have to pay a network withdrawal fee, which varies depending on the specific blockchain the token is on and network congestion.