How to buy cryptocurrency Ethereum in Canada

buy cryptocurrency

In the last decade or so, the market to buy cryptocurrency has seen a massive boost. Profitable yet expensive cryptos like Bitcoin have skyrocketed, while others have remained somewhat more modest. This has led to many Canadian citizens wondering how to buy Ethereum in Canada.

Ethereum has gained a great amount of popularity as an exceptional alternative cryptocurrency. Those that don’t want to spring the high cost of bitcoin tend to favor Ethereum as an excellent altcoin. If you’re interested in finding out how to get your hands on the Ethereum blockchain in Canada, read on for more information.

buy cryptocurrency
How to buy Ethereum in Canada

Many Different Platforms

The good news is that Canada has plenty of platforms if you’d like to buy ethereum. If you want to take a look at some of Canada’s homegrown options, there are more than a handful.

Newton and Wealthsimple are two of the most popular platforms. You’ll also find Coinsmart, Bitbuy, and Shakepay as good platforms to purchase ethereum and other altcoin options. This is far from an exhaustive list, but these are some of the most popular options.

You may also want to utilize a smart contract. A smart contract, simply put, is a program that runs when set conditions are met. These can help you regulate your purchases of ethereum to stay within your decided parameters.

Alternative Options for Altcoin

Etherum is popular enough that you won’t struggle to find ways to get your hands on it. If the above way isn’t something you want, you have plenty of other options.

Visit the ATM

One option is simply to go to your average ATM. Many crypto teller machines have begun to be implemented in Canada. Potential investors can purchase their altcoin directly from the ATM itself.

These machines make altcoin significantly more accessible. The first thing you’ll need is an Ethereum Wallet, which can be made from any number of cryptocurrency trading sites. Afterward, find the nearest crypto ATM to you – this can usually be done with a simple Google search.

From there, you can purchase from a range that you feel comfortable with. As the transaction processes, you will receive your Ethereum into your wallet.

Mutual Funds

Mutual funds can be a great way to purchase crypto, especially if you’re nervous about taking risks. Ether mutual funds and exchange-traded funds – EMFs and ETFs – are a great way to get into trading.

Purchasing through an ETF can get your foot into trading without risking everything. Consider researching into which fund you’d like to partake in before dedicating too much time and effort.

How to Buy Ethereum in Canada

Thankfully, there isn’t any single answer. Buying Ethereum in Canada is an easy task and one that you’ll be able to accomplish simply. Set up a wallet, make your purchase, and watch your profits grow.

If you have any further questions about how to buy Ethereum in Canada, feel free to contact us or browse our site for more information.

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