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eth
Ethereum is a decentralized blockchain platform that lets developers build and run smart contracts and decentralized apps (dApps). Its native cryptocurrency, Ether (ETH), is used to facilitate transactions and computation on the network.
This coin is available on Newton.
Ethereum operates as a decentralized blockchain network where information is stored in blocks, each containing encoded data that creates an unbreakable chain. This blockchain is distributed across the network to record transactions and updates to smart contracts, with each participant maintaining an identical copy (distributed ledger).
Smart contracts on Ethereum are written in programming languages such as Solidity and executed within the Ethereum Virtual Machine (EVM). These contracts are processed and validated by network participants (nodes), who secure the blockchain through a proof-of-stake (PoS) consensus mechanism.
Validators play a crucial role in Ethereum’s PoS system by confirming transactions and proposing new blocks. To participate, validators must stake a specific amount of ETH (32 ETH), which serves as collateral for their honesty. Dishonest actions or network attacks are penalized by reducing or burning a portion of the staked ETH, ensuring network integrity and security. This PoS approach significantly reduces energy consumption compared to traditional proof-of-work models.
ETH serves as the network's currency, used for transaction fees, validator rewards, and powering network operations.
Yes, you can legally buy, hold, and sell ETH in Canada through crypto platforms like Newton.
You can buy as much Ethereum as your funded account balance allows. There is no set maximum, and you can start with as little as $10 CAD for funding.
Trading fees for Ethereum (ETH) are included in the transaction total and displayed before you confirm each trade. For the latest and most accurate fee information, please visit Newton’s Fees page.
The cost of 1 Ethereum varies based on current market prices. You can view the current price of Ethereum on Newton ETH market updates. Remember that you can buy fractions of Ethereum - you don't need to purchase a whole coin.
Ethereum (ETH) offers a wide range of use cases, making it one of the most versatile digital assets.
You can store ETH securely in your Newton account or transfer it to a personal Ethereum wallet. For those looking to actively engage in the market, you can trade ETH to capitalize on opportunities or diversify your portfolio. Staking allows you to earn rewards while supporting the network, while sending ETH makes it easy to transfer funds to other wallets or platforms.
You can also spend ETH for online purchases, donate to causes that accept cryptocurrency, or swap it for other digital assets. Developers can leverage Ethereum to build decentralized applications (dApps) and smart contracts, while DeFi users can access decentralized financial services, such as borrowing, lending, and earning interest—without relying on traditional banks.
Additionally, ETH powers the NFT ecosystem, enabling users to create, trade, and own unique digital items like artwork, music, and in-game assets. In the gaming and virtual world space, ETH is used for play-to-earn games and virtual economies. Lastly, Ethereum facilitates DAOs (Decentralized Autonomous Organizations), allowing users to participate in community governance and decision-making.
Ethereum was proposed in late 2013 by programmer Vitalik Buterin and launched in 2015 after a successful crowdfunding campaign. Since then, it has evolved to become the second-largest cryptocurrency by market capitalization. The platform has undergone several major upgrades, such as the launch of Ethereum 2.0, which transitioned Ethereum from a Proof of Work (PoW) consensus mechanism to Proof of Stake (PoS), enhancing its scalability and energy efficiency.
While we don't accept physical cash, you can fund your Newton account via Interac e-Transfer or wire transfer from your bank account and use those funds to buy Ethereum instantly.
Currently, Newton supports Interac e-transfers and wire transfers. Credit and debit cards are not supported.
Yes, you can Sell Ethereum (ETH) and convert it back to Canadian dollars (CAD) quickly and securely. Withdrawals typically process instantly via EFT or e-transfer but may take up to two business days if additional verification is needed.
Securely hold ETH in your Newton account or transfer it to a personal Ethereum wallet.
Participate in staking to earn rewards while supporting the network.
Use ETH for online purchases or payments where accepted.
Transfer ETH to other wallets or platforms.
Support causes that accept cryptocurrency donations.
Exchange ETH for other cryptocurrencies.
*Newton does not currently support staking, governance, interest-earning, or other utility functions, where applicable, for this asset.
These involve person-to-person trades where you buy Ethereum directly from another individual, often through peer-to-peer platforms or local community networks. While possible, this method often carries security and trust challenges.
These include centralized exchanges, decentralized exchanges, and other intermediaries or platforms designed for buying Ethereum. Many individuals prefer to purchase Ethereum through a regulated cryptocurrency platform like Newton, which offers an easy experience with secure transactions and compliance with Canadian regulations.
Trading fees are included in the transaction total and displayed before you finalize your trade, so you always know what you’ll pay. For the most current information on Ethereum fees, please visit Newton’s Fees page.
Users can manage devices, monitor login history, and set up anti-phishing codes. With multi-factor authentication, a security checklist, and the ability to add trusted contacts, Newton takes multiple steps to ensure your ETH and personal data are secure.
Newton makes it affordable to buy and sell Etherum, with a 1.00% - 1.15% fee. For more information about fees, see our Prices page. Newton covers up to $5 of network fees on your first daily withdrawal. For additional withdrawals, or if network fees exceed $5, the estimated network fee is confirmed prior to withdrawal.
Newton’s intuitive app and web platform let you trade ETH effortlessly on any device. Available on web, iOS, and Android devices.
Registered with the OSC and compliant with Canadian Securities Administrators (CSA) regulations.
As a Canadian-based platform, Newton provides a secure and reliable environment for Canadians to trade ETH and other cryptocurrencies. Newton’s emphasis on security and ease of use makes it a trusted platform for cryptocurrency trading in Canada.
Visit Newton's signup page or download the app (available on iOS and Android) to create your account. Complete the quick and secure verification process using your government-issued ID to unlock full access to the platform.
Deposit funds into your Newton account using one of the following methods:
Interac e-Transfer: A fast and convenient way to fund your account, with deposits typically processed instantly or within 2 hours.
Wire Transfer: Suitable for larger transactions. Wire transfers may take up to 3 business days to process.
Once your funds are deposited, you can start trading Ethereum and other cryptocurrencies.
Navigate to the trading section to begin.
Choose Ethereum from available cryptocurrencies.
Enter how much ETH you want to purchase in either Canadian dollars (CAD) or ETH amount. You'll see all fees and the exchange rate before confirming your trade.
Confirm your trade details to complete the transaction. ETH will appear in your Newton account shortly after.
You can also transfer your ETH to external storage solutions. These include hardware wallets, which are physical devices that store your ETH offline, and software wallets, which are digital applications(desktop, mobile, or web-based applications) for storing and managing your ETH.
Newton provides secure, institutional-grade custody for your Ethereum. Most assets are stored offline in cold storage to protect against potential risks and are insured for added protection. Managing your ETH on Newton is simple, allowing you to trade and access your funds conveniently.
Your security is important. Newton is committed to being a leader in compliance, security, and technical protocols.
For additional information and to review the risks associated with Ethereum, please see our Asset Statement.
