How To Buy Ethereum in Canada: Top 3 Exchanges in 2025
Established by Vitalik Buterin in 2013, Ethereum is a blockchain technology platform which grants access to Ethereum’s native cryptocurrency, ether, or ETH. Investing in cryptocurrencies has become increasingly popular in recent years.
Using Ethereum provides opportunities for aspiring investors and people who want to buy digital currency to use as an alternative to cash or card payments.
If you have a crypto wallet, you can buy and sell currencies or add coins similarly to buying and trading stocks and use them to complete transactions in some countries.
Essential Considerations Before Buying Ethereum
Make sure you follow these steps:
Learn as Much as Possible About Cryptocurrency Investing
Investing in cryptocurrencies is a relatively new concept. It’s exciting to think about buying and selling coins and currency, but it’s important to remember that there are risks.
There are no guarantees that values will rise, and you could lose money. Learn as much as possible about cryptocurrency investing, read financial news articles, guides and blogs, and ensure you understand how investing works and what factors drive price fluctuations.
Outline Your Objectives
Think about what you want to achieve. Do you want to purchase ETH to use the network and access apps, buy with a plan to sell at a higher price, or are you looking to trade ether against other cryptocurrencies?
Your reasons for investing are likely to shape the decisions you make in terms of how much currency you buy, how you use your coins and when you buy and sell.
Understand the Risks
Every type of investment carries risks, but some options are more precarious than others. Cryptocurrencies are often considered relatively high-risk investments because prices can fluctuate dramatically in a very short time, and protection is limited. Always ensure that you understand the risks before making a move.
Explore Your Options
The process of buying and selling cryptocurrencies can vary from country to country. If you’re in Canada, you’ll need to ensure that you are familiar with the laws and guidelines.
Choose a Trusted Crypto Exchange
Coinbase
Fortunly's Rating: Our editorial team determines the rating based on a set of evaluation criteria developed for each product and service category.
Coinbase is one of the world’s first and most popular cryptocurrency exchanges, available in more than 100 countries. It was one of the first exchanges that enabled users to purchase Bitcoin and Ethereum from Canada.
BitBuy
Fortunly's Rating: Our editorial team determines the rating based on a set of evaluation criteria developed for each product and service category.
Established in 2016, BitBuy is one of the biggest Canadian Ethereum exchanges. BitBuy has been built with security as a priority. They use two-factor authentication, advanced encryption technology, and keep the majority of their crypto offline in cold storage. BitBuy is also one of the few exchanges that is regulated by FINTRAC.
- •Low trading fees (0.10%)
- •Instant verification for quick account setup
- •Over 400,000 users in Canada
- •Suitable for beginners and experienced traders
- •Bank wire, INTERAC deposit and withdrawal options
Uphold
Fortunly's Rating: Our editorial team determines the rating based on a set of evaluation criteria developed for each product and service category.
Uphold, one of the oldest and most popular cryptocurrency exchanges, was launched in 2015. The platform has more than 10 million users across the globe and supports more than 250 digital currencies and other assets.
How To Buy Ethereum in Canada
Follow these simple steps:
Choose Your Cryptocurrency Exchange
Research exchanges, weigh up the pros and cons and choose the platform or an app that suits you best.
Create an Account
Once you’ve decided which exchange to use, create an account. Follow the instructions provided on the website or app. Typically, you’ll need to provide personal information, like your name and contact details. You’ll then need to verify your details before you can start trading.
Figure Out Your Budget
Before depositing money and buying ether, set an investment budget. This will help you avoid getting caught up in the exchange frenzy and spending more than you can afford.
Add Funds to Your Account
Once your details have been verified, you can add funds to your account. Depending on the exchange you are using, you can deposit money in various ways, including fiat deposits and bank transfers, PayPal, Interac e-Transfer and crypto deposits. You may need to deposit a minimum amount. Check the terms and conditions carefully.
Buy Ether Coins
When you have funds in your account, you can use your money to buy ether coins. For beginners, it’s best to start with market orders. This type of transaction enables you to buy ETH at the next available price. You can store your ETH coins in an exchange wallet or use a third-party crypto wallet.
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