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How to buy Ethereum (ETH) in Canada

Discover how to buy Ethereum in 3 simple steps with 0% CAD deposit and withdrawal fees.
Ethereum (ETH)

What is Ethereum?

Right now, Ethereum is the second most valuable and popular cryptocurrency (after Bitcoin) to buy in Canada and worldwide. It’s most known for its blockchain platform that supports cryptocurrenices, smart contracts, and thousands of decentralized apps (dApps). The Ethereum coin is called Ether, or just ETH.

Ethereum (ETH) logo
Ethereum (ETH) logo

Ethereum (ETH)

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Why should you invest in Ethereum?

Since its release in 2015, Ethereum has remained one of the top cryptocurrencies to buy in Canada due to its scalability and functionality, making it a promising investment for many.

Because Ethereum has a growing number of dApps and non-fungible tokens (NFTs), this crypto coin is likely to have a significant impact on future technology. By investing in Ethereum now, you could get in on its revolutionary technology in its early stages.

What are Ethereum’s pros and cons?

PROS

  • Ethereum is decentralized from banks and financial institutions, and independently managed.
  • It’s easy to buy in Canada on platforms like Coinberry.
  • It offers a high chance for large returns on your investment.

CONS

  • All transactions are final and can’t be returned.
  • No regulation means there’s no control over Ethereum’s minimum value.
  • Its value is volatile, gaining or losing a lot daily.

Why does Ethereum stand out as a crypto coin?

The Ethereum network, known as a blockchain, offers much more than just a crypto coin to buy. Ethereum was made as a decentralized platform, unlike other cryptocurrencies which were made only as digital currencies.

Unlike regular centralized apps, decentralized apps built on the Ethereum blockchain aren’t controlled by a single organization. And because all dApp data is stored publicly on the Ethereum blockchain, the data can’t be altered or tampered with.

Ehtereum stands out from other cryptocurrencies in Canada because many NFTs rely on the Ethereum network. You need to buy ETH if you want to buy and sell NFTs in Canada. It isn’t possible to buy NFTs with most other cryptocurrencies.

Smart contracts also make Ethereum stand out. They are the backbone of all dApps and NFTs, and many see them as the future of financial contracts.

Coinberry has you covered. Here’s how to buy Ethereum (ETH) in Canada with the following easy steps:

1

Create your account.

Sign up now, or download our Coinberry app from Google Play or the App Store. Like the crypto markets, we’re available 24/7.

2

Get verified.

After you sign up, you’ll need to verify your account.

Over 90% of our members get verified immediately, and then start trading right away.

3

 Buy Ethereum (ETH).

You can buy ETH right away at the best rates.

Get started with as little as $50 CAD. You can use a bank wire or an Interac e-Transfer to fund your account.

Buy Ethereum

Your trustworthy platform for digital currency.

We’re the only Insured, OSC & FINTRAC registered, and PIPEDA compliant crypto trading platform trusted by Canadian municipalities.

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