Buy SushiSwap in Canada

A free beginner guide on how to buy SushiSwap in Canada.

What is SushiSwap?

SushiSwap (SUSHI) is an example of an automated market maker (AMM). An increasingly popular tool among cryptocurrency users, AMMs are decentralized exchanges which use smart contracts to create markets for any given pair of tokens.

SushiSwap launched in September 2020 as a fork of Uniswap, the AMM which has become synonymous with the decentralized finance (DeFi) movement and associated trading boom in DeFi tokens.

SushiSwap aims to diversify the AMM market and also add additional features not previously present on Uniswap, such as increased rewards for network participants via its in-house token, SUSHI.

1. Create accounts



If you want to buy SushiSwap right now, without going through the full verification process, and if you want to buy only a small amount ($375 CAD or less) consider using Coinbase.


Next, you will need to create an account on a global exchange. This will allow you to trade the cryptocurrency you bought in the previous step for SushiSwap. Unfortunately, it's not possible yet to do it all on the same exchange. Which is why you need to use multiple exchanges.

We recommend using Binance




2. Buy your cryptocurrencies




Login to your local exchange and buy your desired amount of SushiSwap in XRP or ETH. We currently recommend buying with XRP as it provides a faster network transfer time and cheaper network fees than Bitcoin/Ethereum. BTC is ok if you are using Shakepay as they will cover the network fees to transfer to Binance or another exchange.




The next step is to actually buy SushiSwap. In your Binance (or similar) account place an order to trade the crypto currency for SushiSwap.

Binance has a trading pair for both USDT and BTC.
- If you bought BTC originally you can now trade it for SushiSwap at the SUSHI/BTC trading pair.
- If you bought XRP originally, first you need to trade it for USDT and then you can trade it for SushiSwap at the SUSHI/USDT trading pair.

The fastest way is to place a market order which buys SushiSwap for the current market price on the exchange. However, consider using a limit order to get a better price, but remember if the market price does not hit your limit price your order will not be filled.

3. Storing your SushiSwap


If you are just getting started you will probably want to use a software wallet. They are typically free and are considered more secure than leaving SushiSwap on a exchange.


Once you have decided on a wallet, follow the instructions to get it setup then withdraw your SushiSwap from your exchange account. It is common for a small network fee to be associted with the withdrawal.



This is generally not recommended. However, you might want to do this if you are actively trading SushiSwap. Be aware you are taking an extra risk. Exchanges have been known to get hacked or disappear, search QuadrigaCX scandal.

The main advantage of doing this is instant access to your SushiSwap, and saving the fees associated with transactions and withdrawing.





  1. Create an account on a local exchange.
  2. Create an account on a global exchange.
  4. Next, trade XRP or BTC for SushiSwap
  5. Store your SushiSwap, consider getting a software or hardware wallet.