Here's the best way to buy ether in Canada!

 Ethereum is a very volatile investment, and you should be comfortable with the significant risk associated with cryptocurrencies. Be it any kind of cryptocurrency, practice safe investment and don’t overexpose yourself. You must choose not to allow your portfolio to be dominated by any one investment is a recipe for trouble. Here's the best way to buy ether in Canada.


Before You Start Investing In Ether Install Ethereum Wallets!

You will need an Ethereum wallet to receive your Ether. There are two options for this: one is to buy a hardware wallet, the other is to download a free software wallet.

Hardware wallets are more secure, and though they can be quite pricey, they are the best option if you intend to purchase a large quantity of Ether. There are a range of software wallets if you want a more affordable option. These wallets are suited for making only a small investment into Ethereum. While they have lower security you could always be hacked online. They’re easy to use, free, and quick to set up.

There are different places you can buy Ethereum from. One of the best ways to buy bitcoin in Canada can also be determined with the help of these platforms.

The easiest way to buy Ethereum is via a cryptocurrency like Netcoins list variety of coins and, given the popularity of Ethereum, it won’t be hard for you to find a viable exchange. This is a good option if you’re buying Ether to trade against other cryptocurrencies. To register on exchanges, you may need to provide a valid identity.

Exchanges tend to offer a range of payment methods, including credit/debit cards and wire transfers. The exchange will usually charge a deposit fee, which tends to be lower with wire transfers, and higher with credit cards.

Finally, make sure your country is supported by the exchange you choose. Some exchanges are regional rather than global, meaning they won’t work for you if your country isn’t supported.

For beginners, Netcoins is a good choice. Exchanges aren’t the only option for buying Ether though. If you’re less interested in crypto trading, these alternatives may be more suited to you.

Points of Safety

● Double check any addresses used in transactions.

● Only use trusted exchanges.

● Use hardware wallets for large amounts of Ether.

● Transfer your Ether from exchanges to hardware wallets if you aren’t going to trade it.

● Don’t share your private key.

● Peer to Peer Exchanges

If you want a more anonymous method of buying Ether, consider peer to peer exchanges. The platform works as a marketplace, where your local currency can be offered in exchange for Ether. In addition, other cryptocurrencies such as Bitcoin can be offered for Ether.

Ethereum ATMs

Ethereum ATMs are perfect for buying small amounts of Ether in the real world. They generally do not require identification, due to the low fees involved. In order to use an Ethereum ATM, you will first need a Ethereum wallet. To find one, use websites like coinatmradar.com, which provides a list of Ether ATMs locations.

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