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How to buy Ethereum in Canada

Canada
Ethereum

When talking about Ethereum in Canada, users have to take into consideration that this crypto is not yet a legal tender inside the country. However, it is technically possible to buy and sell either, so trading with this coin is very common and accessible. Being one of the biggest cryptocurrencies means it has a high demand, so Canadians and foreigners can use the most popular crypto exchange platforms to acquire Ethereum or opt for regulated options by the Canadian government.

To purchase cryptocurrency, a you can use the services of the Itez online exchange service, where purchases are available not only to professionals, but also to novice investors just following the simple and understandable instructions provided below.

How to buy Ethereum on Itez:
step-by-step instruction
1.

In order to buy Ethereum, it is not necessary to register on the Itez website. In a handy calculator, you can quickly calculate the cost of ETH based on the amount you plan to use for payment. The smallest purchase amount in dollar terms is 50 USD. By the way, the same applies to the euro - the starting purchase threshold starts at €50. Well, in our instructions, as promised, we will go through all the stages of purchase ETH for dollars step by step.

2.

After converting the currency to ETH, you will see the final result in the "You Get" field and on the "Buy" button. Click the button and enter your email address in the following window.

3.

Confirm your email with a 6-digit code sent to the previously indicated e-mail and click the "Verify" button.

4.

Specify the purchase amount in the Itez dialog box. Copy the recipient address - your Ethereum wallet - from the “Accept” section.

Important: you should not manually copy the Ethereum wallet address. The blockchain system does not give any information about Ethereum addresses problems, and if an error occurs during manual entry, all the buyer's funds may be lost.

For example, this is how the copy address button looks like in the Exodus wallet:

5.

After copying the Ethereum wallet address, paste it into the dialog box.

Check your data — it is important to make sure that the address is entered correctly.

6.

After pushing the “Card details” button, enter the required card information: card number and expiration date, the cardholder name and CVC-code — three numbers on the back of the card.

7.

Push the “Pay” button and enter the one-time bank code in the following window. 

After making a payment on the Itez website, you will immediately be able to see the Ethereum in your wallet.

8.

The transaction will first wait for confirmations from the blockchain network.

In the Etherium network, confirmation is quite fast and in most cases takes no more than a minute.

Banks

When it comes to banks, Canada is pretty diverse; there are several banking institutions that offer a variety of services. The five biggest and most popular banks though are, from largest to smallest, the Royal Bank of Canada, Toronto Dominion Bank, Scotiabank (Bank of Nova Scotia), Bank of Montreal and Canadian Imperial Bank. All of them, with the exception of the Bank of Montreal, are crypto-friendly.

Bank cards

The most popular payment networks for cards around the world are MasterCard and Visa, and in this regard Canada is not the exception. Besides those two American Express is also very popular in the country, and it offers a variety of cards that are user friendly and offer incentives and rewards.

How to store Ethereum

Ethereum is one of the most famous and expensive cryptocurrency so users should be extra careful with their security. It is not recommended to keep tokens on the exchange, so using a wallet, either paper, software or hardware, is the best option. The most popular wallets in Canada are detailed here: https://ethereum.org/en/wallets/

Itez
About Itez:

Itez is an instant ethereum purchase resource. Itez is a certified operator holding a license to sell and store cryptocurrencies of a financial regulator from Estonia. What does this give to customers?

First of all it is safety, since the operator is fully responsible for the risks. He conducts a compliance check, provides cryptocurrency on time and is always in touch with customers, if the need arises. Secondly, it`s efficient. The time of receipt of Ethereum to the client's account is no more than a minute). Thirdly, the service offers to customers a favorable exchange rate. Rate changes occur in accordance with the liquidity provider's information, therefore, the ETH value on the Itez website is as close as possible to the market value. The site has no hidden fees as the final ETH, USDT value is displayed instantly. If the purchase price does not exceed € 300, then the buyer does not need verification.

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