To buy Ethereum in Canada, open an account at a CSA-registered exchange, verify your ID, deposit Canadian dollars by Interac e-Transfer, and place an ETH buy order. Coinbase leads my scorecard at 9.8 out of 10, with Kraken (9.2), Wealthsimple Crypto (8.4) and Newton (7.9) the other registered picks that list ETH.
Bull Bitcoin and Bitcoin Well are Bitcoin only, so they are not on this page. BloFin, BTCC, MEXC and Bitunix list ETH but are offshore, and BloFin, MEXC and Bitunix name Canada as restricted or prohibited in their own terms.
- Coinbase, 9.8: best overall
- Kraken, 9.2: lower fees on Kraken Pro, ETH free of the net purchase limit
- Wealthsimple Crypto, 8.4: simplest if you already use Wealthsimple
- Newton, 7.9: simple CAD app, ETH spread 1.00% to 1.15%
- NDAX, 7.8: flat 0.20% fee
| Exchange | Score | Canadian Status | How You Fund In CAD | Cost On A $500 ETH Buy |
|---|---|---|---|---|
| 1. Coinbase | 9.8 | CSA Restricted Dealer | Interac, EFT (free), card, PayPal | Up to 1.875% Coinbase fee on a simple buy (varies by payment method), about $9.38, plus the spread |
| 2. BloFin | 9.6 | Offshore | None (crypto-funded) | Spot 0.1% each way is $0.50 (base tier) |
| 3. Kraken | 9.2 | CSA Restricted Dealer | Interac (free), wire, debit card | Kraken Pro taker 0.80% is $4.00 (maker 0.40% is $2.00); Instant Buy 1% is $5.00 plus spread |
| 4. Wealthsimple Crypto | 8.4 | CIRO dealer member | Interac (free) | Flat 0.5% is $2.50 plus a spread (its own schedule example: 1.5% all in, $7.50); Active Trader 0.5% to 0% with a 0% spread |
| 6. Newton | 7.9 | CIRO investment dealer | Interac, EFT, wire (free) | Spread 1.00% to 1.15% is $5.00 to $5.75, no fee |
| 8. NDAX | 7.8 | CIRO dealer member | Interac, wire (free) | Flat 0.20% is $1.00, plus a spread that is not published |
| 9. BTCC | 7.0 | Offshore | Not verified | Spot taker 0.3% is $1.50, maker 0.2% is $1.00 (base tier) |
| 10. MEXC | 7.0 | Offshore | None verified | Maker 0% is $0, taker 0.05% is $0.25 (base tier) |
| 11. Bitunix | Unscored | Offshore | None verified | Maker 0.08% is $0.40, taker 0.10% is $0.50 (base tier) |
| 12. Crypto.com | Unscored | CSA Restricted Dealer | Bank transfer, card (zero-fee deposits) | Advertised as low as 0.08% maker (about $0.40) and 0.18% taker (about $0.90); Canadian app schedule not published |
| 13. Shakepay | Unscored | CIRO dealer member | Interac (free), wire | No commission; spread 0.5% to 2.0% is $2.50 to $10.00 |
Part of my guide to how to buy crypto in Canada.
What Is Ethereum?
Ethereum (ETH) is one of the two biggest cryptocurrencies in Canada alongside Bitcoin, and the Ethereum network is the most popular of its kind. While Bitcoin was a pioneer for decentralized finance, Ethereum was the pioneer of decentralized apps.
Many people believe Ethereum will one day "flip" bitcoin and become the world's most valuable cryptocurrency (it's my personal opinion as well). The Ethereum network is certainly popular enough that this could potentially happen. The more apps that are built on the Ethereum network, the more valuable the crypto could become.
The network went live on July 30, 2015, and moved from proof of work to proof of stake in the Merge on September 15, 2022, according to ethereum.org. There are also many layer two blockchains built on top of Ethereum that process transactions off the main network to ease congestion and lower network (gas) fees while still using Ethereum's security.
Ethereum is available on almost every crypto exchange and is readily available to Canadians. It has a high daily volume and online platforms everywhere offer it. Referral links on this page help support the site, and my scores are not influenced by them.
Where Can I Buy Ethereum In Canada?
These are the platforms on my scorecard whose asset lists include ETH, in my fixed order. Wealthsimple is included because its own crypto page names Ethereum. Bull Bitcoin and Bitcoin Well are left out because they sell Bitcoin only. Bitbuy and Coinsquare are left out because new accounts are being folded into Robinhood.
Coinbase: Best Overall Crypto Exchange In Canada
9.8/10Best for: first-time buyers who want a large, familiar app with Interac funding.
CSA-registered Restricted Dealer in all provinces and territories.
- Cost On A $500 BuyUp to 1.875% Coinbase fee on a simple buy (varies by payment method), about $9.38, plus the spread
- CAD FundingInterac e-Transfer and bank EFT are free to add cash; card and PayPal are also offered for buying.
- Coins200+ assets; ETH is on its asset list
- BonusA banner on coinbase.com/en-ca advertises up to CA$200 for getting started. The qualifying action was not published where we could check it, so read the terms before you count on it.
Pros
- Registered with the CSA as a Restricted Dealer, with a Canada-specific user agreement
- Coinbase says it holds customer assets 1:1 and does not lend them without permission
- Staking for ETH, ADA, SOL, ATOM and XTZ (eligible jurisdictions)
Cons
- Simple buys carry a spread plus a Coinbase fee, and the official Canada disclosure mentions up to 1.875% depending on payment method
- Custodial: Canadian fiat balances are not covered by CIPF or CDIC
- Advanced fee table for Canada could not be confirmed on an official page
BloFin: Best Crypto Derivatives Exchange On My Scorecard
9.6/10Best for: experienced traders who want low spot fees and deep futures markets, and who accept the risk above.
Offshore Not registered with the Canadian Securities Administrators, and its Terms of Use name Canada as a Restricted Location. No Canadian investor protection applies. It suits experienced traders who already hold crypto and accept that they would have no recourse; beginners should start on a registered platform.
- Cost On A $500 BuySpot 0.1% each way is $0.50 (base tier)
- CAD FundingNo CAD funding. BloFin is crypto-funded, and fiat goes through third-party buy providers.
- Coins235 spot base assets; ETH is on its asset list
- BonusGlobal promotions exist, but none applies to Canadians and no live October 2026 campaign was confirmed.
Pros
- Spot fees of 0.1% maker and 0.1% taker at the base tier
- No platform withdrawal fee (network fee only)
Cons
- Canada is named a Restricted Location in its terms
- No CAD deposits and no Canadian regulator to complain to
- Custody, insurance and proof of reserves are not published where we could check
Kraken: Best For Lower Fees And Deeper Coin Choice
9.2/10Best for: buyers who want a wide coin list and lower fees on Kraken Pro once they are past the first purchase.
CSA-registered Restricted Dealer, operated in Canada by Payward Canada Inc.
- Cost On A $500 BuyKraken Pro taker 0.80% is $4.00 (maker 0.40% is $2.00); Instant Buy 1% is $5.00 plus spread
- CAD FundingInterac e-Transfer is free (minimum CAD 5, up to CAD 10,000 per transaction); domestic wire is free; debit card costs CAD 0.25 plus 3.75%.
- CoinsHundreds (no official Canadian count); ETH is on its asset list
- BonusNo sign-up bonus confirmed.
Pros
- Kraken Pro starts at 0.40% maker and 0.80% taker, dropping at higher volume
- Staking is open to Canadians, with exceptions listed on Kraken's own page
- Proof of Reserves snapshot dated 2026-06-30 showed reserve ratios above 100% for BTC, ETH, SOL and XRP
- ETH sits outside Kraken's CAD 30,000 net purchase limit, which covers assets other than BTC, ETH, LTC and BCH
Cons
- Instant Buy costs 1% plus a spread
- Interac withdrawals cost CAD 10
- No margin or derivatives for Canadian clients
- Kraken's Canadian restrictions list bars some tickers
Wealthsimple Crypto: Best For Existing Wealthsimple Users
8.4/10Best for: people who already bank or invest with Wealthsimple and want crypto in the same app.
CSA-registered Registered investment dealer and CIRO member.
- Cost On A $500 BuyFlat 0.5% is $2.50 plus a spread (its own schedule example: 1.5% all in, $7.50); Active Trader 0.5% to 0% with a 0% spread
- CAD FundingInterac e-Transfer is free (Wealthsimple charges nothing; your bank may), up to CAD 10,000 per transfer or your bank's limit.
- CoinsBTC, ETH, SOL and 170+ others (ETH named on its crypto page)
- BonusNo sign-up bonus confirmed on the official crypto page.
Pros
- CIRO dealer member, so it sits under a full dealer regulator
- Active Trader status takes the fee from 0.5% down to 0% with a 0% spread
- Staking available, up to 5% per year before Wealthsimple's 30% (Core, Premium) or 15% (Generation) fee
Cons
- Without Active Trader status you pay a flat 0.5% plus a spread on market orders
- CAD 1 surcharge on orders under CAD 100
- Crypto is not covered by CIPF (cash is)
Newton: Best For Simple CAD Buying And Staking
7.9/10Best for: beginners who want a simple CAD app with free Interac, EFT and wire deposits.
CSA-registered CIRO investment dealer member since 2026-03-18 and on the CSA list.
- Cost On A $500 BuySpread 1.00% to 1.15% is $5.00 to $5.75, no fee
- CAD FundingInterac e-Transfer, wire and pre-authorized debit are all free.
- Coins59 CAD pairs; ETH is on its asset list
- BonusReferral: a friend gets a CAD 20 welcome bonus after signing up and trading CAD 100 within 90 days.
Pros
- CIRO investment dealer member since 2026-03-18
- Zero withdrawal fees stated, and Newton covers up to CAD 5 of gas fees on the first withdrawal each day
- Staking shown at up to 4.5% APY on SOL, 2.2% on ADA, 1.5% on ETH (estimates, not guaranteed)
Cons
- Pricing is spread-based: 1.00% to 1.15% on BTC, ETH and USDC, up to 1.60% on other assets
- Smaller coin list than the global exchanges
- Crypto is not covered by CIPF (cash is)
NDAX: Best For A Flat, Low Trading Fee
7.8/10Best for: Canadians who want a flat, published trading fee and free Interac deposits.
CSA-registered CIRO investment dealer member and on the CSA list.
- Cost On A $500 BuyFlat 0.20% is $1.00, plus a spread that is not published
- CAD FundingInterac e-Transfer and wire are free; Interac deposits process within 0 to 30 minutes.
- Coins77 base assets (public API); ETH is on its asset list
- BonusNo sign-up bonus confirmed.
Pros
- Flat 0.20% on every buy and sell, with no tiers
- CIRO dealer member
- Staking is opt-in
Cons
- Interac withdrawals cost CAD 1.50 and bank EFT withdrawals CAD 4.99
- 20% administration fee on staking rewards
- The spread is not published
BTCC: Best For Leveraged Futures Traders
7.0/10Best for: experienced futures traders in provinces BTCC says it serves.
Offshore Not registered with the Canadian Securities Administrators, and no Canadian investor protection applies. BTCC's own guidance lists Ontario and Quebec as restricted jurisdictions, although its Terms of Use page does not name Canada. It suits experienced futures traders who accept that risk.
- Cost On A $500 BuySpot taker 0.3% is $1.50, maker 0.2% is $1.00 (base tier)
- CAD FundingCAD funding could not be verified.
- Coins112 spot assets; ETH is on its asset list
- BonusNo sign-up bonus confirmed.
Pros
- Spot fees of 0.3% taker and 0.2% maker at the base tier
- Futures-focused, with leverage up to 500x on selected contracts
Cons
- Not on the CSA list
- Ontario and Quebec are restricted per BTCC
- Custody, insurance and proof of reserves not confirmed
MEXC: Best For Sheer Coin Variety, With Caveats
7.0/10Best for: experienced traders who want a very large altcoin list and accept the risk above.
Offshore Not registered with the Canadian Securities Administrators, and its User Agreement lists Canada as a prohibited jurisdiction. No Canadian investor protection applies. It suits experienced traders hunting small-cap coins who accept that they would be using it against its own terms.
- Cost On A $500 BuyMaker 0% is $0, taker 0.05% is $0.25 (base tier)
- CAD FundingNo CAD funding verified.
- Coins1,425 spot assets; ETH is on its asset list
- BonusNot applicable to Canadians.
Pros
- 0% maker and 0.05% taker spot fees at the base tier
- 1,425 spot assets on the public API
Cons
- Canada is a prohibited jurisdiction in the User Agreement (updated 29 May 2025)
- No CAD deposits and no Canadian recourse
Bitunix: Futures Exchange, Not Open To Canadians
Best for: derivatives traders who accept the risk above.
Offshore Not registered with the Canadian Securities Administrators, and its restricted regions notice names Canada, including Alberta. It holds foreign MSB registrations with FINTRAC, but that is not the same as being allowed to serve Canadians. It suits derivatives traders outside Canada; a Canadian opening an account would be doing so against its notice.
- Cost On A $500 BuyMaker 0.08% is $0.40, taker 0.10% is $0.50 (base tier)
- CAD FundingNone verified.
- Coins549 spot base assets; ETH is on its asset list
- BonusNot applicable to Canadians.
Pros
- Spot fees of 0.08% maker and 0.10% taker at the base tier
Cons
- Canada, including Alberta, is a prohibited jurisdiction in its own notice
- One of its FINTRAC registrations expired 2026-08-31
- No CAD funding
Crypto.com: Best For The Card And Rewards Ecosystem
Best for: people who want the Crypto.com app and card ecosystem alongside their buying.
CSA-registered Restricted Dealer (Foris DAX CAN ULC), CSA decision of May 8, 2025.
- Cost On A $500 BuyAdvertised as low as 0.08% maker (about $0.40) and 0.18% taker (about $0.90); Canadian app schedule not published
- CAD FundingCrypto.com advertises instant, zero-fee deposits by bank transfer, debit or credit card, or crypto wallet. Other fees and spread may apply.
- CoinsHundreds (Canadian list not published); ETH is on its asset list
- BonusCanada keeps the legacy Welcome Bonus, auto-enrolled after KYC. The amount was not verified on the official page.
Pros
- CSA Restricted Dealer serving Canadians through a Canadian entity
- Canada marketing quotes maker and taker fees as low as 0.08% and 0.18%
Cons
- The Canadian app fee schedule could not be retrieved
- Spread and card fees can apply
- The Exchange venue lists 417 spot base assets, but the Canadian app list is narrower and not published
Shakepay: Best For Bitcoin And Ether With Free Interac
Best for: small, simple Bitcoin and Ether buys with free Interac in and out.
CSA-registered CIRO investment dealer member, on the CSA list.
- Cost On A $500 BuyNo commission; spread 0.5% to 2.0% is $2.50 to $10.00
- CAD FundingInterac e-Transfer is free (minimum $5, maximum $10,000, funds in minutes); wire is free from $10,000.
- CoinsBTC, ETH and USDC
- BonusReferral: you both get $20 when you invest $100 in crypto within 30 days.
Pros
- No commission, and free Interac withdrawals
- Normal-speed Bitcoin withdrawals are free (Shakepay covers the network fee)
Cons
- Spread targets 0.5% to 2.0% over the benchmark price and can widen by up to 1.5% in adverse conditions
- Only three assets: BTC, ETH and USDC
How Much Does It Cost To Buy $500 Of Ethereum In Canada?
Here is what the published fee schedules work out to on a $500 ETH buy. Offshore platforms show lower headline fees, but they cannot take Canadian dollars and Canada is restricted in their terms, so the numbers are not really comparable.
| Platform | Published Cost On $500 |
|---|---|
| Coinbase | Up to 1.875% Coinbase fee on a simple buy (varies by payment method), about $9.38, plus the spread |
| BloFin | Spot 0.1% each way is $0.50 (base tier) |
| Kraken | Kraken Pro taker 0.80% is $4.00 (maker 0.40% is $2.00); Instant Buy 1% is $5.00 plus spread |
| Wealthsimple Crypto | Flat 0.5% is $2.50 plus a spread (its own schedule example: 1.5% all in, $7.50); Active Trader 0.5% to 0% with a 0% spread |
| Newton | Spread 1.00% to 1.15% is $5.00 to $5.75, no fee |
| NDAX | Flat 0.20% is $1.00, plus a spread that is not published |
| BTCC | Spot taker 0.3% is $1.50, maker 0.2% is $1.00 (base tier) |
| MEXC | Maker 0% is $0, taker 0.05% is $0.25 (base tier) |
| Bitunix | Maker 0.08% is $0.40, taker 0.10% is $0.50 (base tier) |
| Crypto.com | Advertised as low as 0.08% maker (about $0.40) and 0.18% taker (about $0.90); Canadian app schedule not published |
| Shakepay | No commission; spread 0.5% to 2.0% is $2.50 to $10.00 |
Newton prices ETH in its Tier 1 spread band (BTC, ETH and USDC). Coinbase's Advanced rate table for Canada could not be confirmed on an official page, so I have not quoted it.
How Do I Buy Ethereum In Canada Step By Step?
- Pick a platform from the table. Start with a CSA-registered one that funds with Interac.
- Sign up and verify. Upload a government-issued ID and a selfie, and sometimes proof of address. Verification can take up to 24 hours.
- Deposit Canadian dollars. Interac e-Transfer is free on most registered platforms and usually avoids the extra cost of a card.
- Buy ETH. Use a market order for speed or a limit order if you want to name your price. Read the fee preview before you confirm.
- Send long-term holdings to your own wallet. Try a small test transfer first. My best crypto wallets for Canadians list covers the options.
Some platforms have higher fees than others, but your choice can depend on many factors, including other digital currencies they offer, ease of use and whether they have an express trade for fast ETH purchases.
Can I Stake Ethereum In Canada?
Yes, on several registered platforms. Rates are shown as "up to" figures and are not guaranteed, so read each platform's terms. Staking also has tax consequences; see crypto staking and taxes in Canada and what is crypto staking.
- Coinbase lists ETH among the assets you can stake, at up to 10% APY in eligible jurisdictions, with a standard 35% commission.
- Kraken allows Canadians to stake ETH, with exceptions: no Opt-in Rewards, and ETH2.S cannot be traded.
- Newton shows ETH staking at up to 1.5%, an estimate that is not guaranteed.
- Wealthsimple advertises staking at up to 5% per year before its 30% (Core, Premium) or 15% (Generation) fee, plus validator fees.
What Are The Alternative Ways To Buy Ethereum In Canada?
Crypto ATMs
While centralized exchanges are popular, another option is a crypto ATM. They resemble traditional ATMs but for cryptocurrencies like Ethereum. Many people avoid them because the fees are significantly higher than at online exchanges, which matters a lot if you are buying ETH. Many machines also cap how much you can buy in a single transaction. I outline the steps to use a crypto ATM in a separate article.
Peer-To-Peer Marketplaces
P2P platforms connect individuals who want to trade cryptocurrencies directly with each other. LocalBitcoins, once the best-known example, is gone. The anonymity on these platforms can lead to scams, and transactions can be slower than on a regulated exchange. P2P trading is not the best option for anyone new to crypto.
How Do I Keep Ethereum Safe And Secure In Canada?
Crypto trading platforms are vulnerable to hacks, which means there is a chance your Ethereum could be stolen if you leave it on an exchange. It is always safest to move your digital currency to a private crypto wallet such as a hardware wallet. With a private wallet you are in charge of your private keys, and if someone gets hold of your private key they can steal your crypto, so keep it where no one can find it. I have reviewed the best crypto wallets in Canada for you to choose from.
Oleg's takeMy ETH sits on hardware: a Trezor Safe 7 and a Tangem card. I only leave on an exchange what I plan to trade soon.
How Do I Sell Ethereum In Canada?
To sell, go to the exchange where you bought it. If your coins are in a wallet, send them back to the exchange first, then click sell. You can swap Ethereum for another cryptocurrency, or sell it for Canadian dollars if the exchange offers that, and then withdraw to your bank account. Withdrawal fees and limits differ by platform (Kraken charges CAD 10 for an Interac withdrawal, NDAX CAD 1.50). My guide on how to sell or cash out crypto in Canada has the full steps.
Do I Pay Tax When I Buy Ethereum In Canada?
Buying ETH with Canadian dollars is not itself a taxable event. Selling it, swapping it for another coin or spending it can be. The CRA says that, depending on your activities, you may realize business income (or loss) or a capital gain (or loss), and the two are reported differently. Record the date and CAD value of every buy, sale and swap. See my crypto taxation guide and how to report your crypto taxes.
What Changed For Buying Ethereum In Canada In October 2026?
- Coinbase launched regulated crypto derivatives for eligible Canadian investors. It is not open to ordinary retail accounts.
- Kraken republished its fee schedule, with Pro spot starting at 0.40% maker and 0.80% taker.
- Wealthsimple updated its crypto fee schedule: a flat 0.5% plus a spread, or Active Trader tiers down to 0% with a 0% spread, plus CAD 1 on orders under CAD 100.
- Robinhood closed its WonderFi acquisition, and Coinsquare customers are being moved in phases to the Robinhood app.
- The CSA issued an amended decision for Coinbase Canada Inc.
Frequently Asked Questions
Is Coinbase Legal In Canada?
Yes. Coinbase Canada Inc. is registered with the CSA as a Restricted Dealer in all provinces and territories, under a decision of April 3, 2024 that was amended on April 1, 2026. Canadian fiat balances are not covered by CIPF or CDIC.
Is Ethereum Legal To Use In Canada?
In Canada, buying and selling Ethereum is not illegal, but it is not legal tender either. Neither individuals nor businesses are required to accept Ethereum as payment. The Canada Revenue Agency says that, depending on your activities, you may realize business income or a capital gain, and you must report it on your tax return.
Can You Buy ETH In Canada?
Yes. Coinbase, Kraken, Wealthsimple Crypto, Newton, NDAX, Crypto.com and Shakepay all serve Canadians and offer ETH. I recommend moving what you plan to hold into a crypto wallet for safekeeping.
What Is The Best Way And Place To Buy ETH In Canada?
A CSA-registered exchange with Interac e-Transfer is the fastest and easiest way. On my scorecard Coinbase ranks first at 9.8 out of 10, followed by Kraken, Wealthsimple Crypto and Newton among the registered options.
How To Trade ETH In Canada?
Use any exchange to swap Ethereum for another crypto. Each exchange has different trading pairs, but you can usually swap ETH for Bitcoin or USDT at minimum. Remember that each swap can be a taxable event.
Is ETH A Good Investment For Canadians?
It is risky, like any crypto, and nothing is guaranteed. The Ethereum blockchain was the first decentralized network to allow smart contracts, non-fungible tokens (NFTs) and decentralized applications, and it remains the main network for them. Hundreds of similar blockchains have since been built, many calling themselves an "Ethereum killer". The ecosystem keeps growing, which is why we think buying Ethereum is a reasonable initial investment for Canadians, but the price can fall as well as rise. Remember that you need to report all crypto transactions to the Canada Revenue Agency when doing your taxes.
Can I Stake Ethereum In Canada?
Yes. Coinbase, Kraken, Newton and Wealthsimple all offer ETH staking to Canadians, with different rates, fees and exceptions. Rates are shown as up to figures and are not guaranteed.