Qtrade is a Canadian online brokerage that offers a variety of investment options, including stocks, bonds, mutual funds, and ETFs. Qtrade does not currently offer cryptocurrency trading.
However, there are a few ways that investors can still buy Ethereum through Qtrade.
Investors can use Qtrade to trade Ethereum CFDs through the MetaTrader 5 platform. MetaTrader 5 is a third-party trading platform that offers CFD and forex trading. To trade Ethereum CFDs on MetaTrader 5, investors first need to open a Qtrade account and deposit funds.
Once they have done this, they can search for “Ethereum” in the MetaTrader 5 market watch window and select the desired ETH/CAD or ETH/USD pair. Investors can then place orders to buy or sell Ethereum CFDs.
Another way that investors can buy Ethereum through Qtrade is by using a cryptocurrency exchange that supports CAD deposits and withdrawals. Kraken is one such exchange.
NOTE: WARNING: It is not recommended to buy Ethereum with Qtrade. Ethereum is an unregulated, decentralized digital asset and is highly volatile in price. Qtrade is a regulated online brokerage that does not provide access to cryptocurrency investments. Investing in cryptocurrencies carries a high degree of risk, and could result in significant financial losses. Please consult with a qualified financial advisor before making any investment decisions.
To buy Ethereum on Kraken, investors first need to open a Kraken account and deposit CAD funds. Once they have done this, they can search for the “ETH/CAD” pair and place an order to buy Ethereum.
Investors can also use Qtrade to buy Bitcoin, which can then be traded for Ethereum on a cryptocurrency exchange. To do this, investors first need to open a Qtrade account and deposit funds.
Once they have done this, they can search for the “BTC/CAD” pair on the Qtrade platform and place an order to buy Bitcoin. Once the Bitcoin has been purchased, it can be sent to a cryptocurrency exchange like Binance and traded for Ethereum.
Conclusion: Can I Buy Ethereum With Qtrade?
Yes, investors can still buy Ethereum through Qtrade even though the brokerage does not currently offer cryptocurrency trading directly on its platform. Investors can use Qtrade to trade Ethereum CFDs through the MetaTrader 5 platform or by using a cryptocurrency exchange that supports CAD deposits and withdrawals, such as Kraken. Alternatively, investors can use Qtrade to buy Bitcoin, which can then be traded for Ethereum on a cryptocurrency exchange like Binance.
9 Related Question Answers Found
Yes, you can buy Ethereum with Euro on Binance. Binance is a world-renowned cryptocurrency exchange that offers a platform for trading various digital assets, including Ethereum. The Euro is one of the many fiat currencies that Binance supports.
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As of September 2019, SoFi does not support the purchase of Ethereum. However, this may change in the future. For now, investors interested in buying Ethereum will need to find another exchange or broker that supports this digital asset.
