There are many people who are buying or selling Bitcoins today, but what many of them forget is that there are other cryptocurrencies that can be equally lucrative as the most famous cryptocurrency. One of these cryptocurrencies is Ethereum. Let’s be clear, this is not a new digital currency, but with the rise of Bitcoin last year, more and more people in Canada have started thinking about investing in Ethereum. If you are wondering where to buy Ethereum in Canada, you have come to the right place because we will analyze a few places that can help Canadians purchase this promising currency.

Coinsquare

Coinsquare is a popular global cryptocurrency exchange site where you can buy and sell different currencies including Ethereum. Canadian users have a few different options and the only option that doesn’t require verification is via Interac Online. The daily limit is 2000 CAD and there is a minimum too – 100 CAD. In addition, users can also use payment options like Flexepin, Interac e-Transfer, bank draft, wire transfer and money order. The best thing about Coinsquare is low trading fees, good fund limits, and a few fast funding options. The downside is that direct CAD to ETH exchange has relatively high fees.

Kraken

Kraken is another good option for people who to buy Ethereum in Canada. It is possible to use Canadian dollars to buy Ethereum, but only after you get to tier 3 verification. It usually takes no more than 48 hours to get verification like this. If you want to deposit CAD with Kraken you will have to use wire transfer which comes with certain fees. Generally speaking, Kraken has very low trading fees which is obviously great. They also have high fund limits which makes it ideal for big players. The biggest downside of using Kraken as a Canadian is the fact that you can deposit Canadian dollars only in one way.

QuadrigaCX

This is a Canadian-based solution for people who want to buy Ethereum and few other cryptocurrencies. You can use Crpyot Capital, bank wire, Interac Online, Interac e-Transfer and electronic funds transfer as payment methods. Verifying your account on QuadrigaCX is very quick, it comes with a wide array of payment options, low fees, and relatively high fund limits. Some users are pointing out that the fees for low amount transfers are slightly higher compared to other popular options.