How to buy and sell Ethereum in Canada?
Buying and selling Ethereum (ETH) in Canada is an intriguing option for many residents of this country who want to jump on the crypto-popularity bandwagon. If upfront costs and technical fuss of mining are not your cup of tea and you wonder how to...
Buying and selling Ethereum (ETH) in Canada is an intriguing option for many residents of this country who want to jump on the crypto-popularity bandwagon. If upfront costs and technical fuss of mining are not your cup of tea and you wonder how to buy Ethereum in Canada, you’ve come to the right place.
For starters, an easiest and most practical option to buy to ETH in Canada is to use Canadian-based crypto exchanges or those with global coverage that includes Canada. Before hitting the exchange, you’ll want to have an open bank account in Canada, or acquire credit card which is valid in this country. Next, you’ll have to choose among the crypto exchanges on offer, such as Coinbase, CoinSmart, BitBuy.ca, Binance, and others.
Once you pick your exchange, you will need to create an account with it and verify it in order to be able to link your card or bank account with a crypto wallet in which you can store your Ether. Simple as that. The differences between exchanges exist and you’ll surely want to check their transaction fees in advance, together with available purchase limits and supported currencies.
Learning how to sell Ethereum in Canda is equally easy once you become familiar with the operation of crypto exchanges. Once you have Ethereum in your wallet, you can sell ETH in Canada simply by following the instructions the exchange provides for effecting this type of transaction.
Less formal way to buy or sell ETH in Canada is the use of peer-to-peer exchange platforms such as LocalEthereum which allow you to get in touch with people interested in buying or selling their Ethereum. There are no transaction fees involved and you can negotiate the most suitable method of payment for both parties.