If you have been part of the cryptosphere for any time, you must have heard of Ether (ETH), the crypto of the Ethereum blockchain. Know that it can now be bought and traded on MyBTC.ca, Canada’s first cryptocurrency exchange.
By adding ETH, the Canadian exchange, which previously only offered Bitcoin (BTC), now becomes an obvious choice for anyone looking for where and how to buy these two cryptocurrencies with the largest market capitalization. Clients can thus take advantage of the bear market, without having to worry about technical questions and complicated procedures, as the platform prides itself on having a very user-friendly and intuitive approach. Read on to find out why MyBTC.ca should be an obvious choice for any Canadian resident looking for an easy way to buy BTC and ETH.
What is ETH’s proposal?
Although one might think that there is almost nothing in the crypto world as big as BTC – and in a way there is if we refer to the valuation of this crypto – ETH still offers a number of features that BTC does not have. ETH is also more than interesting features and innovations. For example, its native blockchain network, Ethereum, is programmable and hosts several applications (usually called decentralized applications, or dApps), this includes access points to decentralized finance (DeFi) and non-fungible token (NFT) markets. .
All of this is not possible with Bitcoin, because its network is simply designed as a payment system and not as a complete ecosystem for a multitude of use cases. For many, this is an advantage that Ethereum has over Bitcoin, but it obviously depends on personal preferences and expectations one may have of the cryptosphere.
Ethereum has been around since 2014, although it was announced in 2013 through a white paper by one of its founders, Vitalik Buterin, who wanted to address some of the things he saw as potential ways to improve the basics that Bitcoin had already introduced. In a way, Ethereum succeeded, but also ushered in a new era of blockchain, which saw many projects similar or seeking to offer an alternative to Ethereum flourish. On the other hand, Ethereum remains the biggest of them all, with an incredibly active community and a development team that is constantly working on new updates, the biggest of which aims to make it greener in the near future.
Why choose MyBTC.ca?
MyBTC.ca is the preferred choice of many Canadian residents, and for good reason: the service is very easy to use, requires little to no technical knowledge (And if you ever get stuck, you can get help in various ways on the platform, including through a very helpful YouTube channel). The platform caters to users with all levels of cryptocurrency experience. The buying process for BTC and ETH is extremely fast and the site is easy to navigate as the user is guided through the buying process.
MyBTC.ca also offers Canadian business accounts, regardless of the size of your business, which can help your business expand its portfolio (now with ETH too!) and diversify into promising new industries. if that’s the path you choose to take.
Another major advantage of MyBTC.ca over many other cryptocurrency exchanges in the market is that it is a non-custodial exchange. This means that there is no crypto wallet available on the platform – or in the custody of the platform, hence the term – making it much less likely to become a target of a hack. Plus, with their transparency and ease of use, you can be sure they’ll always have your best interests at heart. It is always better to be your own bank so that only you have the private keys to effectively protect your cryptos.
If you want to buy large volumes, you will be happy to know that the exchange does not charge any fees for orders over 350 CAD. For smaller orders, the fee structure is very transparent, while being incentive for larger orders.
To learn more about the exchange, what it offers and how it works, visit its website! You can also register immediately using this link to quickly get BTC and ETH into your wallet.
Warning: This article is promotional content and does not constitute investment advice. Do your own research and only invest the money you can afford to lose.