Ethereum, also known as Ether, is one of the most popular cryptocurrencies in Canada. People often compare Ethereum to Bitcoin because they share some characteristics. Yet, Ethereum is relying on smart contracts, specially designed account holding things that are part of the Ethereum blockchain, which makes this cryptocurrency different. If you are wondering where to buy Ethereum in Canada, we will recommend following our suggestions.
We will start with the largest online digital currency exchange in Canada – QuadrigaCX. This exchange has very low fees. With this platform, you can expect quick verification that includes a few selfies, a copy of a utility bill and a scan of your Canadian ID.
Many users dislike the interface of this website, but they use it because it has a few good payment methods like electronic bank transfer and Interac Online, direct Canadian bank transfer and more. QuadrigaCX also has great customer support and comes with no limitations. This is great news for big players looking to buy (or sell) large amounts of Ethereum.
This is another platform that started in Canada. This means that there is a wide array of payment methods available to Canadians. E-transfer and Interac Online are probably the best options even though you can also try using MasterCard and Visa cards. For some reason, Coinsquare uses a three-level limitation for its users. You can start with up to $30, but this limit will increase to $1200 after a while. The trade fee is set low at 0.2%.
When we compare it to QuadrigaCX, we can freely say that Coinsquare has a little bit slower process of verification. You will still need copies/scans of your Canadian ID, a selfie with the same ID, address verification and uploading some signed documents too.
Coinbase is one of the world’s leading Ethereum and cryptocurrency exchanges in the world. It is based in the United States, but it allows Canadians to trade Ethereum too. Unlike Coinsquare, this site has a very fast verification process. Just upload the scans of a utility bill and your ID and verify your credit card two times. Canadians can buy Ethereum via Coinbase only with the help of their debit/credit cards and the fee for the deposit is 3.99%.
There is a weekly limit of $250 involved, but this limit is increased once you buy at least $500 worth Ethereum or another cryptocurrency.
BitBUY.ca is yet another place where you can buy Ethereum in Canada. This is a Canadian exchange where you can pay directly in Canadian dollars via Interac Online, Interac e-Transfer, bank wire or Flexepin. Besides Ethereum, you can also buy Bitcoin, Litecoin and Bitcoin Cash.
BitIt is a French-based cryptocurrency exchange. You can use it to buy Ethereum and Bitcoin in Canada in a simple and easy way. All it takes to start buying Ethereum on this platform is to create an account, place an order, make a payment and wait for Ethereum delivery. It usually takes just a few minutes to complete these transactions which is why this platform is getting so popular in Canada and around the globe.
Cancoin P2P Crypto Exchange
The list ends with Cancoin P2P Crypto Exchange which is known for its focus on security and privacy. Instead of acting as a centralized marketplace, Cancoin serves as a framework that supports fast and secure Ethereum exchanges between individuals. It is interesting that buyers will not cover any fees related to the transfers on this network. Some of the payment methods that Canadian users can rely on include Flexepin, SWIFT, PayPal, Gift Cards and more.