Ethereum, Ethereum stocks and how to buy Ethereum in Canada

 Ethereum is the decentralized, open-source technology that powers much of the crypto world. Everything from decentralized finance applications and non-fungible tokens to enterprise blockchain solutions rely on Ethereum technology. However, it isn't that simpleton understand how to buy Ethereum in Canada.

If you want to profit from the growing use of Ethereum, there are several ways you can invest. The most direct option is buying Ethereum itself. Because it's extremely volatile, this carries the greatest risk but also the greatest potential profits. A less-volatile option is Ethereum stocks. These include managed funds that invest in Ethereum for you as well as companies with large exposure to Ethereum technology.

What is Ethereum?

Ethereum is an open-source blockchain technology in the form of software. Software developer Vitalik Buterin originally proposed the idea in 2013, and Ethereum launched in 2015. Any developer making an application that would benefit from blockchain technology can build it on the Ethereum network. While Ethereum is most associated with its native Ether token and other cryptocurrencies, its technology is also enabling widespread innovation in industries as diverse as insurance, logistics, and healthcare.

Developers write programs on Ethereum using self-executing, self-enforcing protocols called smart contracts, which are deployed to Ethereum-powered blockchains. The blockchains network of computers executes the smart contract by performing specified actions when the conditions of the contract are met. Blockchain data can't be modified after it's created, and that gives users confidence in the technology itself.

While early cryptocurrencies, most notably Bitcoin, are merely stores of value that can be transferred, Ethereum has far more uses. If Bitcoin is a smartphone app, Ethereum is more like the device maker. Ethereum cryptocurrency benefits from its technology because transaction fees for decentralized applications on its blockchain are paid in Ether.

How to invest in Ethereum?

If you want to invest in Ethereum directly, you can buy it through a crypto exchange, a stock broker, or even a payment app that carries it. Since Ethereum is one of the largest cryptocurrencies by market cap, it's available on almost all platforms that sell crypto.

For serious crypto investors, a crypto exchange is usually the best option. Exchanges offer the widest selection of cryptocurrencies and the most features. They also let you transfer your crypto off the exchange to a crypto wallet that you control. Stock brokers and payment apps often don't let you transfer your crypto anywhere.

Here's the best place to buy bitcoin Canada.

Step 1: Set Up a Netcoins Account

Sign up! It only takes a couple of minutes. You’ll just need to verify your email address and provide some basic information to get started.

Step 2: Fund Your Account

Once you are verified, choose your preferred funding method. You can add funds with wires and crypto deposits.

Step 3: Buy Ethereum with Canadian dollars or Other Cryptocurrencies

Once you’ve funded your account, you’re ready to start trading. Go to the “Trade” page to enter the amount you would like to buy in Canadian dollars.