How to buy Ether in Canada?
It doesn't matter if you are in Toronto, Montreal, Calgary or anywhere in between, NDAX gives you all the tools and support to buy and sell Ether in Canada.
Why buy ETH?
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 grows, potentially even create your own dapps
Ethereum is also being used by investors to diversify their portfolio 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.
Storing your Ether
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.
What can you do with Ether?
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.
Why buy ETH on NDAX?
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.
Gain control of your ETH investments with advanced trading options
The cryptocurrency market is volatile. Avoid missing out on trades by using NDAX’s unique trading options:
Buy or sell order executed at a specific price.
Order to buy or sell once a cryptocurrency reaches a specific price point.
Trailing stop market order
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 order 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 cancelled entirely.
Immediate or cancel order (IOC)
Trade that executes immediately and cancels any unfilled portions of the order.
Reserve order (Iceberg Order)
Large trade divided into multiple limit orders. The orders are split into visible and concealed amounts.