How to Buy Ethereum (ETH) - A Step-by-Step Guide

ETH is needed to create and run applications or execute smart contracts built on the Ethereum network. It is used to pay transaction fees and to provide compensation for the computational efforts from nodes on the blockchain. Having ETH allows you to use decentralized applications on the blockchain and as your understanding and expertise grow, potentially even create your own dapps

Ethereum is also being used by investors to diversify their portfolios outside of Bitcoin. In mid-2020 Ethereum became the most widely used blockchain and ETH derives value from the network’s many use cases and the demand generated from needing ETH to continue to interact with dapps on the blockchain.

1. Sign up or create an account: Get instantly verified with Ndax's streamlined verification process.
2. Fund your account with Canadian dollars: You have the option to fund your account with fiat currencies using Interac e-transfer, Wire Transfer, or a Bank Draft.
3. Invest in ETH: ETH is highly divisible, so you can buy small amounts to get started. Trade CAD to ETH with as little as $1 and with low trading fees of 0.2%.

After investing in Ether, the next step is to store your Ether in a secure cryptocurrency wallet. Depending on your own needs, investment amount, and preferences, you can keep your Ether on a trading platform, a physical hardware wallet, or a software wallet.

You are free to transfer your Ether to a private wallet from Ndax. However, if you decide to store your Ether in your Ndax wallet, we have all the security measures in place to keep your Ether safe and secure.

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• Pay for Goods and Services: Online stores, merchants, restaurants, and retail environments continue to adopt ETH and other cryptocurrencies as a means of payment.
• Invest and Trade: On our trading platform, ETH can be traded directly with the Canadian dollar. You can also easily view and track your trading activity, performance, growth, and profits.
• Use as a Store of Value: Investors are using ETH as a store of value.

• We take the fear out of trading: Ndax’s security standards are among the highest in the Canadian FinTech industry. Ndax holds the majority of digital assets offline in cold storage protected by multi-signature technology, provided by Ledger Vault, the global leader in security and infrastructure solutions for cryptocurrencies. Hot wallets are protected by Multi-Party Computation (MPC) technology recognized by industry experts.
• Grow your portfolio with Ndax’s recurring purchase feature: Set Ether recurring purchases to automatically buy ETH to CAD each day, week, or month. Set regular purchases as low as $10.

Download the Ndax mobile app to fund your account and start trading on-the-go from any iOS or Android device.

Download Ndax mobile app:

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The cryptocurrency market is volatile. Avoid missing out on trades by using Ndax’s unique trading options:

• Limit Order: Buy or sell orders executed at a specific price.
• Stop order: Order to buy or sell once a cryptocurrency reaches a specific price point.
• Trailing stop market order: An order that can be set at a specific dollar amount away from a cryptocurrency’s last price, bid, or ask.
• Trailing stop limit order: Limit buy or sell orders triggered once a cryptocurrency touches a trailing amount set by the user.
• Fill or kill (FOK) order: Trade that executes immediately and entirely at a certain price, but if it cannot fill the entire order immediately, it will be canceled entirely.
• Immediate or cancel order (IOC): Trade that executes immediately and cancels any unfilled portions of the order.
• Reserve order (Iceberg Order): A large trade is divided into multiple limit orders. The orders are split into visible and concealed amounts.

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Start trading on Ndax today. Experience seamless transactions, top-notch security, and unparalleled support.

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