What is Internet Computer (ICP)?
Internet Computer Protocol is a decentralized internet architecture running on a blockchain instead of traditional web servers. The ICP utility token is used to pay for computation power on the network, and is used in governance proposals. You can buy and sell ICP for any major cryptocurrency, like BTC, ETH, and XRP or traditional currency such as Canadian Dollar, US Dollar, and Euro. Trading cryptocurrencies is like foreign exchange of traditional currencies – you trade ICP for BTC the same way you trade CAD for USD. You can also trade ICP to CAD based on the ICP price. To learn how to buy Internet Computer / ICP, scroll down to see how to buy Internet Computer.
How to buy Internet Computer (ICP)?
Here's how to buy Internet Computer on Coinsquare
To buy Internet Computer, simply follow these steps:
1. Sign up for a Coinsquare account and verify your identity
This is the first step to buying ICP. Verifying your identity helps us to properly connect your funds to your account.
2. Fund your account with Canadian Dollars
Funding is like putting gas into a car – it helps you get where you want to go.
3. After funding, select ICP from the list on the trade section
Coinsquare lets you trade ICP without leaving the app. You can also check the Internet Computer price and convert ICP to CAD or USD on the platform.
4. Select a currency you’ve funded and use it to check the ICP price
In the Coinsquare app, all currencies available to trade can be found in the drop down list.
5. Buy Internet Computer (ICP)
Congratulations! You’re now the proud owner of ICP. You can either HODL or use it to exchange ICP to CAD or any other cryptocurrency listed on Coinsquare.
Where do I keep my Internet Computer (ICP)?
At Coinsquare, we offer customers the power of easy transactions and cold storage security. Client assets are securely stored 1 to 1 in cold storage with approved custodians, kept separate from operational funds, and never utilized for lending purposes.
All client assets are held in trust with external, licensed custodians with a combined $680M USD in insurance. Additionally, CCML maintains Vault Risk insurance beyond those of its custodians that cover risks related to the cold storage of its clients’ crypto assets. And the cash held in your account is insured against insolvency by the Canadian Investment Protection Fund (CIPF). This means that in the unlikely event that Coinsquare (CCML) becomes insolvent, CIPF will cover any shortfall of cash held in client accounts up to $1 million CAD per account.
Ready to add Internet Computer (ICP) to your portfolio?
Create your account, fund it with spare change and get a little bit of ICP.
