So, you want to know how to buy Ethereum in Canada? Want to jump straight to the answer and learn how to buy and use Ethereum as Canadians residents?

You can Buy Ethereum in Canada in 5 easy steps:

  • Register for a free trading account at Shakepay.
  • Verify your identity within 2 minutes using Shakepay’s automatic ID system
  • Create a buy order for Canadian Dollars (CAD).
  • Pay for it instantly using Shakepay’s instant payment system or manual bank transfer
  • Have Ethereum (ETH) delivered directly to your own personal wallet.

In the following sections, we will explain the process to buy Ethereum in Canada in greater detail.

Please note that Cryptocurrency investments are high-risk investments. Any investment decision is under the responsibility of the individual. We are not financial experts, and the resource links below are provided for information purposes only. They are based on our own research and experience with Ethereum (ETH) in Canada. They are not intended to be legal and/or financial advice.

How to buy Ethereum in Canada in easy steps. Find the best crypto exchanges to purchase ETH in Canada in 2023. Step by step tutorial.

Review and Analysis

Ethereum (ETH) statistics & facts

Ethereum statistics & facts
Key figure Value
Name Ethereum
Symbol ETH
Price Today 3,015.03 Canadian Dollars (CAD)
24 hour % change -0.06
7 days % change 10.28
30 days % change 17.94
60 days % change 37.08
90 days % change 36.38
Total Supply 120,230,296
Circulating Supply 120,230,296
Daily Volume 15,157,316,547
Market Cap 267,367,239,765.00


Ethereum is the second most popular and valuable cryptocurrency, ranking just behind Bitcoin. Its creator is Vitalik Buterin, and Ethereum was first launched in 2015, to be much more than simply a digital currency.

    By the end of the guide, you should know the following:
  • Can you buy Ethereum in Canada?
  • If Ethereum is a good or a bad investment.
  • How to buy Ethereum in Canada.
  • Where to buy Ethereum in Canada.
  • The Best Crypto Trading Platforms in Canada in 2023.

Can I buy Ethereum in Canada?

You can usually buy Ethereum with CAD. Canada exchanges support local payment methods, such as Interac. You can access local customer support. You get better consumer protection if your funds go missing.

How to buy Ethereum in Canada

how to buy ethereum in canada.jpg Step-by-step instructions for getting started with Ethereum (ETH). You can buy Ethereum in Canada in three simple steps:
  • Choose a Ethereum wallet where you can store your ETH.
  • Choose a Ethereum exchange.
  • Buy Ethereum in Canada through your chosen platform.

Choose a Ethereum wallet

Before you can buy any Ethereum, you’ll need to set up a digital wallet where you can safely store your coins. Ethereum wallets don’t actually hold any coins, but instead store the private keys you need to access your public Ethereum address and sign transactions.

Choose a Ethereum exchange

The next step is to decide how and where you will buy Ethereum. For most first-timers, the easiest and most convenient option to buy Ethereum in Canada is to use a Ethereum broker.

There are several brokers offering Ethereum in Canada, and you can easily select one based on your requirements and preferences using our guide. Different exchanges have different transaction fees, withdrawal limits, payment modes, and verification processes that need to be kept in mind before users select one.

Buy Ethereum

The final step is to submit an order through your chosen platform. No matter which platform you choose, you’ll usually need to sign up for an account first. Depending on the platform you use and the regulatory requirements it is subject to, you may be able to sign up simply by providing your email address or you may need to provide your full name, contact information and proof of ID before being allowed to trade.

Once your account has been verified, you’ll need to enter the amount of ETH you want to buy, choose your payment method, review the fees and the total cost of the transaction and then finalise your purchase.

The exact steps you’ll need to follow vary depending on the payment method and type of platform you choose, so keep reading for more details on the different ways you can buy Ethereum (ETH) in Canada.

Where to buy Ethereum in Canada

The Best Crypto Trading Platforms in 2023

How to Buy Ethereum with Credit or Debit Card on in Canada

4.7 / 5

Rating breakdown

Ease of Use
Tradable Assets
Deposit and withdrawal
Trading Fees

Things we liked:

 One of the most trusted brands in crypto
 Very fast, easy to use interface
 Binance offers extremely low transaction fees

Things we didn't like:

 Can be overwhelming for people who are new to crypto or trading

How to Buy Ethereum with Credit or Debit Card on in Canada

4.3 / 5

Rating breakdown

Ease of Use
Tradable Assets
Deposit and withdrawal
Trading Fees

Things we liked:

 Up to 500:1 leverage
 Low minimum deposit requirement

Things we didn't like:

 Absence of a direct telephone number for customer support
 Ospreyfx is not a fully licensed and regulated broker

How to choose a Ethereum exchange

best exchanges to buy ethereum in canada.jpg

With hundreds of platforms to choose from, finding the best Ethereum exchange for your needs is a challenging task. Consider these key factors when comparing exchanges:

Where the exchange is based and how it is regulated.

While the regulatory environment surrounding Canada digital currency exchanges is becoming clearer all the time, the same can’t be said for some overseas-based exchanges. Do some research to find out where an exchange is based, the regulatory requirements that apply in that country, and whether the exchange complies with those requirements.

How to pay for your Ethereum

There are many different ways you can purchase Ethereum, each of which has its own pros and cons.

  • Buying Ethereum with PayPal in Canada
  • Buy Ethereum with your bank account
  • Buy Ethereum with a credit card or debit card in Canada
Buying Ethereum with PayPal in Canada

The biggest advantage of buying Ethereum with PayPal is that it’s quick and easy to do as you’ll no doubt be aware if you’ve ever used PayPal to purchase anything else online.

You may need to hunt around for the right platform, and if the platform you choose doesn’t accept CAD, then you’ll need to be fully aware of the fees that apply.

Buy Ethereum with your bank account

Another way to buy Ethereum with Canadian Dollars (CAD) is to choose a platform that accepts bank transfer deposits. Choose a platform that accepts Interac. Transfers using this system are typically processed more or less instantly, but they may attract higher fees

Buy Ethereum with a credit card or debit card in Canada

Many Ethereum brokers and exchanges allow you to buy Ethereum using your credit card in Canada. These include platforms like eToro and Coinmama, and using your credit card allows you to make quick and convenient purchases.

Whichever payment method you select, make sure you consider the following:

  • Any transaction limits that apply
  • The fees charged by the Ethereum exchange or broker
  • How long it will take for your funds to arrive

Buying Ethereum from a Canada exchange: pros and cons

There’s plenty of choice when selecting a Ethereum exchange, and Canada users can choose from platforms based here at home or in countries all around the world. So, should you buy Ethereum from a Canada exchange or from a foreign platform? To help you decide, consider the pros and cons of buying on a Canada exchange.


  • You can usually buy Ethereum with CAD. Canada exchanges support local payment methods, such as Interac.
  • You can access local customer support.
  • You get better consumer protection if your funds go missing.


  • You’ll need to provide your personal details and proof of ID – a disadvantage for people who want to trade anonymously.
  • The registration process takes longer than on those platforms that don’t require ID verification.
  • CAD to crypto prices are often higher than USD to crypto prices, meaning you sometimes pay a premium for buying directly with CAD.
  • Some things are simply not available on Canada exchanges. For example, 100x leverage margin trading, staking features and many altcoins.
    • Regardless of whether you choose a Canada or overseas-based crypto exchange, make sure you compare a range of options before deciding which platform to use.

      Buying CAD with local and trusted platforms

      Our research highlighted several CAD platforms, but few are based in Canada and offer transparency. For this reason, we suggest considering the following locally-owned (and trusted) platforms.

      Though many platforms can cater to the ETH purchasing needs of Canadian residents, some crypto enthusiasts, especially less seasoned, newcomers tend to prefer to start their Ethereum transactions on a locally based platform as this inspires them more trust and confidence, while they feel the added security of being able to access a locally based support team and the added convenience of using their Canadian bank account and bank cards to fund their crypto trading accounts. Examples of such locally based platforms, which are extremely popular with Canadian Ethereum users are Montreal based Shakepay and Toronto based Coinsmart, both of which cater to the need for easy and fast buying and selling of Ethereum in Canada.


      One of the easiest ways to get started buying Ethereum in Canada


      CoinSmart is a Canadian cryptocurrency exchange based in Toronto.

      These platforms are popular with our users, have esteemed reputations and are trusted by tens of thousands of people living in Canada. Both options are free to join, funded from any Canada bank account/card, and have a local support team.

      Case Study: Buying CAD on Shakepay

      Want to buy CAD from a cryptocurrency broker using CAD? Here’s a step-by-step guide explaining exactly what you need to do, using Canada-based exchange Shakepay as an example:

      Step 1: Register for an account with Shakepay

      You can sign up for an Shakepay account by providing your email address and creating a password. Before you can trade, you’ll need to verify your account by doing the following:
      Verifying your email address
      • Uploading a photo of your CAN driver’s licence or CAN passport.
      • Providing your address details.
      • Uploading a photo of yourself.

      Remember to also enable 2-factor authentication on your account for extra security.

      Step 2: Deposit funds into your account

      From your Shakepay account dashboard, select the currency you want to buy – in this case, Ethereum (ETH).

      Specify how much money in Canadian Dollars (CAD) you want to spend, up to an order limit of CA$10,000.

      Step 3: Buy ETH

      Click “Buy Now”. Pay through the Shakepay website via Interac or deposit the required funds via bank transfer. Once Shakepay has received your payment, your order will be automatically processed and will typically arrive in your inbox within a few minutes.

      Remember to take a moment to review the full details of the transaction before you finalise your transaction.

      Ethereum to Canadian dollar is the crypto-to-fiat pair which denotes the exchange between the popular cryptocurrency, Ethereum (ETH), and Canada’s official currency, the Canadian dollar, which amongst the top most traded fiat currencies in the world, making up more than 5% of total trading volume.

      The popularity enjoyed by both assets making up this trading pair render attractive for traders as it allows for price speculation. Price movements of ETH are based on this cryptos demand which rises as it becomes more widespread in usage and more widely accepted. The price of the CAD on the other hand, moves according to Canada’s economic performance and key indicators such as the country’s trade balance and foreign investments.

      Closely following the factors that impact the price of ETH and CAD will enable traders to make timely predictions on price trends take long or short positions on the pair to achieve profit.

      Ethereum (ETH) to Canadian Dollars (CAD): Trade ETH to CAD pair and track its real-time price

      buy and sell ethereum in canada.jpg

      The Ethereum to Canadian Dollars (CAD) pair features ETH as the base along with CAD, the official currency of Canada, as the counter currency. The value of the pair can be interpreted as how many Canadian Dollars (CAD) can be purchased with one ETH or how many Canadian Dollars (CAD) it takes to purchase one ETH.

      ETH/CAD - Why is the Ethereum (ETH) to Canadian Dollars (CAD) pair important to traders?

      ETH to CAD is a very popular crypto-to-fiat pair. The pair’s counter currency – Canadian Dollars (CAD) – is the official national currency of Canada. The crypto market, including Ethereum, is extremely volatile, which provides huge potential for speculation. Observing the popularity of ETH to CAD exchange transactions, there are immense opportunities for traders to profit from the pair’s trade.

      Ethereum (ETH) Historical performance

      Second only to Bitcoin, Ethereum has a market capitalization of $77.5 billion and a high market share. In terms of its historical performance it gave a hefty return of 17,000% when its price rose from $9 in January 2017 to $1389 in January 2018, however its price crashed soon after. More recently, and following a steady downwards streak, it has once again started to rise as of the early days of 2021.

      Ethereum Regulation in Canada

      The use of cryptocurrencies, including Ethereum is allowed in Canada, as the Canadian government stipulates that digital currencies can be used to buy goods and services on the Internet and in stores which accept digital currencies.

      Moreover, the buying and selling of digital currency on digital currency or cryptocurrency exchanges is also allowed, although cryptocurrencies are not considered as legal tender in Canada, as the sole official currency in the country is the Canadian dollar.

      Ethereum Taxation in Canada

      Digital currency transactions are also subject to Canada’s tax laws and rules. According to the Canada Revenue Agency (CRA) cryptocurrencies are classed as commodities and not currencies and their use to pay for goods or services must be treated as a barter transaction.

      In Canada, digital currencies, such as Ethereum, are subject to the country’s Income Tax Act (ITA) and according to the Financial Consumer Agency of Canada any goods or services which are purchased using digital currency must be included in their seller’s income for tax purposes.

      Moreover, the trading in cryptocurrencies such as Ethereum is also subject to taxation and when Canadian tax residents file their taxes each year, they must report any gains or losses they have incurred in that year from the selling or buying of any digital currencies. Any gains or losses resulting from such crypto transactions could be either taxable income or taxable capital for each taxpayer.

      The risks of buying Ethereum

      • Inflationary tokenomics (no fixed cap) - debate over capping inflation level
      • Scalability of transactions causing high gas fees
      • Unpredictability in timescale of upgrades, including proof-of-stake Eth 2.0


      Is Ethereum legal in Canada?
      Currently, cryptocurrencies and cryptocurrency exchanges are legal in Canada, including Ethereum
      How can I sell Ethereum in Canada?
      If you want to sell Ethereum, you once again have a wide variety of platforms to choose from, including brokers and a long list of crypto exchanges. You also have the flexibility to exchange your Ethereum for Canadian Dollars (CAD) or to sell it for an extensive range of cryptocurrencies.
      How do I cash out of Ethereum in Canada?
      Any exchange with a Canadian Dollars (CAD) trading pair will allow you to sell your Ethereum for fiat currency.
      What’s the easiest way to buy Ethereum in Canada?
      The easiest way to buy Ethereum in Canada is to use a trusted Ethereum broker. These services make it as simple as possible to get your hands on some ETH. Their platforms are easy to use, you can pay with CAD using everyday payment methods like your credit card or a bank transfer, and transactions are generally processed quite quickly.
      Who regulates Cryptocurrency and Ethereum in Canada?
      The sale of cryptocurrency and other digital assets like Ethereum (ETH) is regulated by Canada's existing financial services regulatory regime

      Although Canada currently does not have specific legislation related to cryptocurrencies, any form of regulation is enforced by the Investment Industry Regulatory Organization of Canada (IIROC). Cryptocurrency is treated as property for purposes of income tax legislation.

      How tax rules apply to Ethereum in Canada?
      The Government of Canada website does not make it clear how exactly you should account for digital currency on your tax return, only stating that you should. Tax rules apply to digital currency transactions, including those made with Ethereum. Using Ethereum (ETH) does not exempt Canadians from tax obligations in Canada. This means digital currencies are subject to the Income Tax Act. It is safe to assume that as soon as you convert Ethereum (ETH) back into Canadian Dollars (CAD), this is classed as income from capital gains and needs to be declared as such.

      You can check this Canada cryptocurrency guide for more information.

      What is the price of Ethereum in Canada?
      Ethereum prices are changing every second. Currently 1 Ethereum (ETH) worths 3,015.03 Canadian Dollars (CAD)
      Is Ethereum a good investment for Canadians in 2022?
      By the end of the year 2022, using forecast and algorithmic analysis, our price prediction forecasts suggest that one Ethereum will reach an average price of 12714.0613875 Canadian Dollars (CAD), which will be an impressive 421% growth from it's current market price. Having said that perhaps is a good idea to buy Ethereum (ETH) due to Ethereum following properties and characteristics:
      • First mover advantage in the smart contract space
      • Most developers, nodes, and dApps of any cryptoasset
      • Network is Turing complete = widespread use and potential application
      Is there an official Ethereum website?
      Yes is the official website for Ethereum.

      Further Reading - Topic-related Questions

      How to Buy Bitcoin in Canada in 2021: The Complete Guide
      How to Buy Ethereum in Australia in 2021: The Complete Guide
      How to Buy Ethereum in New Zealand in 2021: The Complete Guide