Buy Ethereum Canada – How to Buy Ethereum in Canada

Fact Checked by Gary McFarlane

Ever wondered why so many crypto-hungry investors are looking to buy Ethereum Canada? With a market cap of $467.8B, Ethereum is the second-largest cryptocurrency on the market behind Bitcoin. But where do you begin when looking to gain exposure to the crypto market? 

Throughout this guide, we’ll show you everything you need to know about buying and selling Ethereum in Canada 2021 with low fees. Continue reading to find out more. 

#1 Crypto Exchange to Buy Ethereum Canada – Bitbuy


How to buy Ethereum in Canada – Choose a Canadian Crypto Exchange 

The first step involves selecting one of the best Canadian cryptocurrency exchanges that offers security and a user-friendly trading experience. As such, here are our top-rated crypto exchanges to buy Ethereum Canada in 2021. 

  1. Bitbuy – The Best Cryptocurrency Exchange in Canada to Buy Ethereum with Low Fees
  2. – Best Global CFD Broker to Buy Ethereum Canada with Competitive Costs

Continue reading for more information about the aforementioned crypto exchanges, as we dig into in-depth reviews covering all the key metrics. 

How to Buy Ethereum in Canada – Quick Guide 2022

  • Step 1: Open an Account with Bitbuy – To get started set up a Bitbuy crypto account by tapping on the ‘Sign up for free’ button. Then simply enter your personal details and choose a username and password.
  • Step 2: Upload Your ID – As part of FINTRAC’s KYC regulations you’ll need to provide proof of identity to verify your account. 
  • Step 3: Deposit Funds – Fund your new account with Canadian dollars (CAD) or a cryptocurrency via bank transfer or Interac e-Transfer. 
  • Step 4: Buy Ethereum Canada – Visit the ‘Express Trade’ section of your Bitbuy account. Locate ETH from within the menu. Then enter how much you want to invest and click on ‘Buy’ to complete the transaction. 

Where to Buy Ethereum in Canada

Let’s take a look at the best crypto exchanges and brokers to buy Ethereum in Canada right now. 

1. Bitbuy – The Best Cryptocurrency Exchange in Canada to Buy Ethereum with Low Fees

Buy Cryptocurrency Canada

Bitbuy Launched in 2016, Bitbuy is arguably the safest and most popular crypto trading platform in Canada. According to its website, it currently serves over 350K Canadian retail traders with more than $4B traded since its inception. Its highly secure platform can be attributed to the fact that it’s regulated by FINTRAC (Financial Transactions and Reports Analysis Centre of Canada). 

While only catering to Canadian traders, Bitbuy has plans to expand its services outside Canada’s borders in the foreseeable future. Bitbuy supports nine cryptocurrencies including Bitcoin, Bitcoin Cash, Ethereum (ETH), XRP, Litecoin, Stellar Lumens, Chainlink, EOS, and AAVE. 


Bitbuy boasts a transparent fee structure with easy and accessible ways to fund your trading account with a Canadian bank account. While its competitors may conceal their fees in the crypto prices, Bitbuy makes it thoroughly clear as to what you’ll be paying. 

Buy Ethereum Canada with Bitbuy

When using the Express Trade section of the account you’ll simply pay a fixed fee of 0.20% on all buy and sell orders. For other Bitbuy products such as Pro Trade and API Client you’ll be working with a maker-taker fee model. This includes a 0.10% maker fee and a 0.20% taker fee. 

Deposits and Withdrawals

When it comes to depositing and withdrawing CAD to and from your account, you have two options. 

CAD deposit method Minimum Maximum Fee Processing time
Interac e-Transfer $50 $10,000 per day 1.50% Instant
Bank Wire $20,000 $500,000 0.50% 2-3 days
CAD withdrawal method Minimum  Maximum Fee Processing time
Interac e-Transfer $50 $10,000 per day 1.50% Up to 24 hours
Bank Wire $20,000 $500,000 1.00% 2-3 days

Now let’s look at how much it would cost to deposit and withdraw Ethereum to and from your Bitbuy account. 

Crypto deposit Minimum Maximum Fee Processing time
ETH  None Unlimited 0% 3 confirmations
Crypto withdrawal Minimum  Maximum Mining Fee Processing time
ETH  0.05 ETH N/A 0.005 ETH N/A


  • No hidden costs
  • Fully regulated
  • Wide range of payment options
  • Open account easily
  • Access to popular cryptos


  • Minimum deposits are high when using bank wire

2. – Best Global CFD Broker to Buy Ethereum Canada with Competitive Costs

Buy Ethereum Canada with is a leading CFD broker launched back in 2016. With a whole host of top-tier financial regulators under its belt it’s one of the most secure brokers across the board. Namely, is authorized by the FCA, ASIC, CySEC, and the NBRB. 

This global CFD broker offers low forex CFD fees and 0% commission on real stocks for UK and EU residents. 

Cryptocurrency CFDs

If you want to buy cryptocurrencies via CFDs (contract for differences) means you can gain exposure to the crypto market without taking ownership or having to store the digital coins. facilitates CFD trading on cryptocurrencies with leverage and high levels of liquidity. 

Buy Ethereum CFDs with

This means you’ll be able to speculate on the price movements of popular crypto crosses and currency crosses such as ETH/USD and ETH/BTC. Trading crypto CFDs gives you the flexibility to either go long or short based on which direction you believe the market will move. 

Payment methods supports a wide range of payment methods including electronic wallets, debit/credit cards, and bank transfers. There are also no deposit fees and withdrawals are also free of charge. 

Type of Fee Cost
Cost of trading ETH/USD CFDs Typical spread of 10.00 pips
Account fees None
Deposit fee None
Withdrawal fee None
Inactivity fee None


  • Low forex CFD fees
  • Seamless account opening process
  • 24/7 customer service
  • Heavily regulated 
  • Convenient mobile trading app


  • Product portfolio limited to CFD instruments

76.72% of retail investor accounts lose money when trading spread bets and/or CFDs with this provider. 

How to Buy Ethereum in Canada – Explained in Full

In this section, we’ll show you exactly how to buy Ethereum Canada with a top-rated crypto exchange (Bitbuy) in just a few simple steps.

Step 1 – Create Account

Open Bitbuy account to buy Bitcoin Canada

To get the ball rolling, head over to and click on the button marked ‘Get Started’. You’ll be asked to enter some personal details and choose a username and password for your account. 

Step 2 – Verification 

As Bitbuy is fully regulated by FINTRAC you’ll need to verify both your email address and phone number. You’ll then be required to enter some personal information as part of the KYC process. 

The verification process is done via a third-party verification service. 

Step 3 – Deposit funds

Deposit Funds into your Bitbuy account

Once your Bitbuy account has been validated, you may deposit funds via a bank transfer or a Interac e-Transfer. The minimum deposit when using Interac e-Transfer is only $50.

To finance your Bitbuy account, log in to your account and choose ‘Add Funds,’ then either ‘Use e-Transfer’ or ‘Use Wire Transfer.’ Then, using your financial institution’s online banking interface, send your e-Transfer. You may also do this step with ease using the Bitbuy mobile app.

Step 4 – Buy Ethereum Canada 

Buy Ethereum via Bitbuy in Canada

Bitbuy makes purchasing ETH and other cryptocurrencies simple and easy. Go to your Bitbuy account’s ‘Express Trade’ area, select Ethereum, specify how much you want to invest, and finally tap on ‘Buy’ to purchase ETH. 

Buy XRP Canada – Where to Buy XRP in Canada

As we’ve already discussed, you can buy Ethereum in Canada through a cryptocurrency exchange and a crypto CFD broker. But this leads us to another question: Are there any other ways you can buy Ethereum in Canada in 2021? 

Crypto brokers

Cryptocurrency brokers are fully regulated by top-tier financial authorities and usually offer access to a wide range of financial markets and assets. This means you’ll be able to diversify your portfolio by investing in different financial instruments such as ETFs, stocks and bonds, as well as your favourite digital assets. 

It’s also important to note that crypto CFD brokers differ from crypto brokers in that CFDs are speculative and leveraged assets. 

Cryptocurrency exchanges

Crypto exchanges fall into two main categories. The first of which are decentralized, meaning they’re not regulated or associated with centralized third-party institutions. While this acts as a catalyst for extra anonymity between peer-to-peer exchanges, there are high risks. These risks include hacking and company malpractice. 

Bitbuy lets you buy Ethereum with low fees

On the other hand, there are centralized crypto exchanges such as Bitbuy, Coinbase and Kraken which are all heavily regulated by financial institutions. 

Ethereum ATMs

According to, there are a few Ether ATMs in Canada. Some of these also offer Bitcoin (BTC) and Litecoin (LTC) in areas including Thompson and Fort McMurray. 

So, if you’re fortunate enough to have an Ether ATM near your address you could buy Ethereum in Canada easily and quickly. 

  1. Specify how much ETH you want to buy 
  2. The Ether ATM will tell you how much Ether you can buy with your CAD deposit
  3. Place your fiat investment into the ATM
  4. Obtain the receipt.

You’ll find a unique QR code on your receipt that you can scan to transfer your ETH coins to your hot or cold crypto wallet.

How to Buy Ethereum Canada

Let’s explore the different methods you have at your disposal to buy Ethereum in Canada right now. 

Buy ETH With Debit/Credit Card

Buying Ether using a debit or credit card is perhaps one of the easiest methods. is a well-known example of such a trading platform. Furthermore, while using a debit card, you should verify if there are any deposit fees or commissions, since certain companies, such as Coinbase, impose significant costs for debit card transactions.

Buy Ethereum with PayPal

Coinbase is a popular cryptocurrency exchange that lets you buy altcoins and Bitcoin with PayPal. However, there are alternative ways, such as Interac e-Transfer, that allow you to deposit cryptocurrency and purchase crypto crosses with a single click.

Buy Ether with a Bank Transfer

Another way to buy Ethereum in Canada is to deposit funds via a bank wire and purchase ETH tokens with those funds. 

Should I buy Ethereum Canada? 

The biggest hurdle that Ethereum has to overcome is that of slow transaction speeds. So, the crypto project with the second-largest market cap announced this year that it would be rolling out a new upgrade – Ethereum 2.0. 

The creation of shard chains is another crucial step in the update. This shares the workload horizontally over various chains, reducing network congestion and streamlining the entire process. Ethereum 2.0 plans to perform as many as 6,000,000 transactions every minute. 


On the other hand, cryptocurrencies are extremely volatile and can move by multiple percentage points within a single 24-hour period. Having said that, there’s plenty of evidence to be hopeful about Ethereum’s new upgrade. With the final version expected to be live by the end of Q3 2022, many investors are keeping Ethereum in their watchlists. 

Selling Ether in Canada 

If you’re looking to buy Ethereum chances are you’ll also want to know how to sell it when the time is right. 

Let’s go through how you would sell Ether tokens via a Bitbuy account. 

  1. Navigate to the ‘Express Trade’ section of the account and tap on the button marked ‘Sell’. 
  2. From the drop-down menu choose ETH from the list of options. 
  3. By entering the amount you intend to sell, the CAD value of the trade will be displayed under ‘Transaction summary’. Tap on the ‘Sell’ button to complete the transaction. 


In summary, we’ve covered all the key metrics involved in buying Ether with a Canadian trading platform. Ethereum has great potential to chip away at Bitcoin’s market dominance, especially as it prepares to rollout ETH 2.0. Many investors are excited about the PoS mechanism that Ethereum 2.0 will run on. 

Bitbuy provides access to nine popular cryptocurrencies, a wide range of payment options, and a fully regulated trading platform. The onboarding process is quick and simple and you’ll be ready to buy Ethereum in Canada right away. With that in mind, follow the link to start buying cryptos with Bitbuy today. 

Bitbuy – Best Regulated Crypto Exchange to Buy ETH Canada



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About Dassos Troullides PRO INVESTOR

Dassos Troullides is an experienced finance writer who specializes in CFD, stock, forex, and crypto trading. He uses his experience and time spent in the forex industry to simplify complex financial topics for easy, informative reading. Dassos also writes for,,, and