How to Buy Ethereum

(ETH)

What is Ethereum (ETH)?

Ethereum is a programmable blockchain that allows developers from all over the world to build their decentralized applications by coding smart contracts. Ethereum was conceived by Russian-Canadian programming prodigy, Vitalik Buterin, among others. The native token of Ethereum is known as Ether or ETH. The protocol came about when Buterin realized that the blockchain could be used for more than just powering a simple money protocol like Bitcoin.

Ethereum has attracted an enviable community of developers and entrepreneurs, who have created a rich ecosystem on top of the protocol. Ethereum currently hosts a >$100B DeFi (decentralized finance) ecosystem, which is disrupting the way financial instruments work. Plus, Ethereum also gave birth to NFTs, which have since become exceedingly mainstream. ETH is the second largest coin in the market by capitalization.

What can you do with Ethereum?

Hold Ethereum

Many people buy ETH for profit expectations and to benefit from long-term gains. If you do have a "buy-and-hold" strategy, then we recommend transferring your coins to a cold hardware wallet like Ledger Nano. Having said that, CoinSmart has taken several security measures to ensure user fund protection. These include – mandatory 2FA, withdrawal confirmation emails, cold storage & BitGo user funds insurance.

Stake Ethereum

Ethereum will soon become a proof-of-stake protocol, meaning that you will be able to stake your coins within the ecosystem and participate in network governance and block validation if you want to. You will be given block rewards for every block that you validate.

Buy/Sell/Trade Ethereum

CoinSmart’s highly liquid platform allows you to buy, sell, and trade Ethereum and other popular cryptocurrencies with ease. You may also send your ETH to a decentralized exchange like Uniswap or SushiSwap to buy a variety of altcoins.

Send Ethereum

Send ETH to anyone, around the world with ease. Being a decentralized, global cryptocurrency, as long as your recipient has an Ethereum address, you should be able to send ETH (or any Ethereum-based token) to them with ease.

Spend Ethereum

Being a popular cryptocurrency, Ethereum is accepted by several vendors and retailers around the world. Also, marketplaces like OpenSea require you to spend your ETH to buy NFTs. Spending ETH is also required for other Ethereum-based services such as Ethereum Naming Services (ENS).

Donate Ethereum

Several charities around the world accept Ethereum and Ethereum-based tokens. Due to the transparency of the blockchain, you can trace your donations with ease and make sure that they are not getting misused.

Learn More About Ethereum

Do you want to know more about Ethereum and learn more about blockchain technology and cryptocurrencies? Then check out our GetSmart Hub.

Steps to Buying Ethereum

Purchase Ethereum with Credit Card

CoinSmart allows you to instantly fund your account with your credit and buy ETH. Fees up to 6% applicable.

Purchase Ethereum with Bank Transfer

Use bank wire transfer, bank draft, and Interac e transfer to instantly fund your account on the very same day and buy ETH.

Purchase Ethereum with Other Cryptos

Use SmartTrade to instantly convert your Ethereum to other cryptos in one simple step.

Why Buy ETH
on Coinsmart?

Trade safely with our powerful security

CoinSmart enforces Google 2FA and Email Withdrawal Confirmations to access user accounts and withdrawals. CoinSmart user funds are covered by BitGo to ensure protection in the event of a hack. Plus, we provide the safest crypto asset trading environment for our users by following cybersecurity best practices.

Jargon-free,
Complication-Free

CoinSmart is the perfect starting point if you are new to crypto, thanks to its 24X7 client service and jargon-free approach. Everything in our interface is straightforward. Extra care has been taken to ensure simplicity in each and every step.

Ethereum Trading Now In Your Pocket

CoinSmart gives you on-the-go access to Ethereum and other popular cryptocurrencies. The intuitive mobile app simplifies the digital asset buying, selling, and trading process. The app is available on both Android and IOS.

Made with <3 in Canada

CoinSmart is proudly Canadian. We want to create the ideal crypto platform for our users in Canada, Europe, and beyond. To provide a safe environment for our users, CoinSmart has worked closely with the Ontario Securities Commission (OSC) to obtain the license as a restricted dealer. In simple terms, we are legally obliged to operate transparently and ethically.

About Coinsmart

Regulation First

CoinSmart is working closely with regulators, being a publicly-traded company. Currently, we are obtaining licenses for jurisdictions around the world to work hand-in-hand with regulators. Regulated, centralized exchanges with a fiat on-ramp are necessary for the future growth of the ecosystem.

Commitment to Transparency

CoinSmart is required by law to adhere to strict principles of fund transparency. CoinSmart’s financial reports are regularly published on both our website and SEDAR. Users can easily keep track of any and all operational expenses.

A Powerhouse Team

CoinSmart is led by a fantastic group of individuals and a board of directors. The three co-founders have previous experience in successfully founding and running startups. The board includes a “Top 40 Under 40” recipient, a founding member of the “Women General Counsel Canada” (WGCC), and the SVP of a multi-billion dollar company.

CoinSmart
Reviews &
Testimonials

“The Coinsmart staff has been very helpful and assisted me when I had any issues. They answered all my questions and resolved any problems that I encountered! This has been a great support as a newbie in this space.”

– Al Torjdamn

“Very impressed that I got live customer support at 2 AM! They were very helpful and even told me about some new features coming to CoinSmart. I will recommend CoinSmart to all my friends. Keep up the great work!”

– Hayley

“I use CoinSmart as my primary exchange. It’s got a nice layout, it’s easy to navigate, the verification process was quick and easy and I was able to fund my count without issues afterward. I had a couple of questions and they were very informative in answering them. The customer support even reminded me of their referral options which have ended making me a little extra cash to play with.”

– Brandyn Funk