How To Buy Ethereum in Singapore / Canada

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Anyone may purchase Ethereum with Singapore Dollars (SGD), Canadian Dollars (CAD), or US Dollars (USD) with the help of Coinut (Coin Ultimate Trading). In this exclusively curated beginner's guide, you will discover how to buy Ethereum in Singapore and Canada, as well as how to safely keep it in your Coinut wallet.

1.Sign Upfor Coinut

To buy Ethereum in Singapore and Canada, the first step is to register for a Coinut account. By signing up, you will be given a secure Coinut wallet where you can store your Ethereum. Additionally, this digital currency wallet will offer easy payment options for purchasing digital currencies using SGD, CAD, or USD.

2. Connect your Bank Account

Prior to using the account, you will need to complete a few quick verification procedures after signing up. Simply fill out the Customer Due Diligence form and link your bank account to your digital wallet. After the verifications are completed, you may proceed to begin a transaction.

3. Buy, Sell or Trade Ethereum

Following your purchase of Ethereum on Coinut, we will safely store it in your Ethereum wallet, where it will be visible in your Balance Status. 'Selling' operates similarly but in reverse. You may now proceed to sell, trade, or buy Ethereum in Singapore and Canada. Moreover, you will receive updates from our cryptocurrency exchange in regards to any changes to the Ethereum price.

What is Ethereum?

An open-source blockchain, Ethereum has its own cryptocurrency called Ether (ETH). Although the terms are frequently used interchangeably, Ethereum is the blockchain technology that powers the cryptocurrency, while Ether (ETH) is the actual token. While you cannot directly invest in Ethereum, you may purchase Ether.

In 2015, Programmer Vitalik Buterin created Ethereum - a decentralised public ledger that authenticates transactions and records them. Moreover, it allows developers to create, publish, and use decentralised applications (DApps) and smart contracts without the aid of third-party services. New cryptocurrencies, goods, and services, such as the non-fungible tokens (NFT), have been made possible by Ethereum. It has evolved into a marketplace for apps, games, and financial services, all of which accept ETH as payment. By market capitalisation, Ethereum is the second-largest cryptocurrency behind Bitcoin.

Why should I buy Ethereum?

When you buy Ethereum through Coinut, it can be used for a variety of purposes besides Ethereum exchange. Among them are:

  • Pay for products and services.
  • Utilise your coin as a store of value by holding on to it.
  • Send money to family and friends.
  • Include it in your short-term or long-term trading plan.

What can I do with Ethereum?

You have learned how to buy Ethereum in Singapore and Canada, but what is next? The following are three of the most popular options to consider after purchasing Ethereum;

1. Hold/store Ethereum

Numerous users hold on to their Ethereum in the hope that their value will rise. In the meantime, you may store your Ethereum safely in our secure Coinut cryptocurrency wallet.

2. Spend Ethereum

Ethereum may be used to pay for products and services. Both large corporations and small enterprises are now accepting Ethereum as a form of payment.

3. Buy, sell, and trade Ethereum

You may buy, sell, and trade Ethereum with Coinut for other cryptocurrencies.

Start buying ETH

Experience the Ethereum exchange with Coinut today! If you’re ready to take the next step in buying some Ethereum, Bitcoin, or Litecoin, do not hesitate to sign up with Coinut.

Sign Up Now & Earn Free Litecoins