Canadian investors are now at better options when it coming to purchasing Ethereum from brokers. Below is a guide on how Canadian residents can purchase Ethereum and other cryptocurrencies.
Before buying Ethereum and other cryptocurrencies, consider the following things;
Just like any asset, Ethereum is subject to price movement. One has to consider its market price at the time of purchase.
The fees vary depending on the services you choose to use to buy your Ethereum. One should check the fees before making any purchase.
Although most of the services chosen can be trusted, one should be aware that not all Ethereum sale platforms are reputable. Being diligent with a platform can reduce your risks.
Here are three top places Canadians can purchase Ethereum (ETH) and other cryptos.
Coinberry is a user-friendly platform that has been around since 2017. It is highly trusted for setting up a solid reputation for cryptocurrency. It is also registered with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC).
Coinberry has the best environment for buying or selling Ethereum and other assets. It has no deposit fee and a 0.5 percent trading fee. It a cheap service to buy Ethereum in Canada using either credit card, debit card, wire or Interact transfer.
This is a well-trusted cryptocurrency trading platform. One can buy Ethereum and other cryptocurrencies using a credit card or debit card. Paybis has helped hundreds of people purchase cryptocurrency since 2014.
Customers are required to sign up for the first time. They are also assured of a secure third-party wallet to facilitate transactions. They also provide step by step guide on how to complete a transaction. This level of trust has seen them become top in Canada and around the world.
Canadian clients can also purchase Ethereum through Binance, one of the largest cryptocurrency exchanges. Binance enables clients to purchase cryptocurrency from other traders in the market which makes it different from other platforms.
Binance charges between 1 to 2 percent for direct Ethereum purchase which can be done either through a debit card, credit card, bank transfer, or using another crypto. They provide full KYC checks. They partner with Simplex to provide safe and secure transactions.
Before purchasing any cryptocurrency, it better to ensure that the service and time are correct.