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How to buy Coinbase Wrapped Staked ETH (CBETH) in Canada

Learn how to buy Coinbase Wrapped Staked ETH (CBETH) in our step-by-step guide.

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Coinbase Wrapped Staked ETH (CBETH) is the 119th largest cryptocurrency by market cap, valued at US$470,775,891.

Coinbase Wrapped Staked ETH is a highly volatile asset capable of major price swings in a single day. Today CBETH is trading for $2389.53 USD, which is lower than yesterday's trading price of $2,402.19 USD. Over the past year, Coinbase Wrapped Staked ETH's price has seen an increase of 101%.

So before you buy Coinbase Wrapped Staked ETH, make sure you understand these unique risks as well as its legal and tax status here in Canada.

If you're ready to get started, read on for step-by-step instructions on how you can buy Coinbase Wrapped Staked ETH.

How to buy Coinbase Wrapped Staked ETH in 4 steps

The whole process can take as little as 15 minutes and all you'll need is a smartphone or computer, an internet connection, photo identification and a means of payment.

  1. Compare crypto exchanges
    The easiest way to buy Coinbase Wrapped Staked ETH is from a cryptocurrency exchange. Comparing in the table below lets you find one with the features you want such as low fees, ease of use or 24-hour customer support.
  2. Create an account
    To create an account on an exchange, you will need to verify your email address and identity. Have some photo ID and your phone ready.
  3. Make a deposit
    Once verified, you can deposit CAD using the payment method that best suits you – cryptocurrency, bank and card payments are widely accepted.
  4. Buy Coinbase Wrapped Staked ETH
    You can now exchange your funds for Coinbase Wrapped Staked ETH. On easier-to-use exchanges, this is as simple as entering the amount you want to purchase and clicking buy. If you like, you can now withdraw your Coinbase Wrapped Staked ETH to your personal wallet.
Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

Where to buy Coinbase Wrapped Staked ETH in Canada

Find an exchange to buy, sell and trade CBETH by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the exchange.

Name Product Deposit methods Fiat Currencies Cryptocurrencies Offer Disclaimer Link
Bybit Cryptocurrency Exchange
Bybit Cryptocurrency Exchange
Credit card, Cryptocurrency, Debit card, P2P
USD, AUD, CAD, EUR, GBP, NZD, HKD, JPY, SGD, PHP

376
cryptocurrencies

Highly volatile investment product. Your capital is at risk. Bybit is not available to residents of Ontario or Quebec.

Capital at risk

View details
Crypto.com App
Finder Award
Crypto.com App
Bank transfer, Credit card, Cryptocurrency, Debit card, Google Pay
USD, EUR, GBP, COP, CHF, HKD, SGD, AUD, CAD, KRW, SEK, CNY, TRY, RON, JPY, NOK, MYR, BRL, DKK, ZAR, BGN, THB, INR, TWD, PHP, IDR, MOP, MDL, SAR, MXN, CLP

271
cryptocurrencies

Capital at risk

View details
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How we keep this Coinbase Wrapped Staked ETH guide up-to-date

  • CBETH price data is regularly updated through data feeds so you always have the latest information.
  • Coinbase Wrapped Staked ETH performance data is regularly updated using automated comparisons and AI systems built by our technical experts Zak Killermann and Helen Hu.

How do I find the best places to buy Coinbase Wrapped Staked ETH?

Cryptocurrency exchanges offer similar services, but differ in a few key ways – mainly fees, the range of cryptos available and payment methods. You can use our table to compare the features of popular cryptocurrency exchanges available in Canada to help you choose the one that's right for you.

Some other factors you may want to consider are customer support, user reviews, ease of use and whether or not the exchange is registered with a local regulator. This information can be found by clicking on the exchange name in the table which will take you to its review page.

What will I need to buy Coinbase Wrapped Staked ETH?

To create an account on any cryptocurrency exchange you will need an email address. Some exchanges may also ask for a phone number and photo ID, so it's a good idea to have those ready.

An increasing number of cryptocurrency exchanges will ask to verify your identity before you can deposit funds and start trading Coinbase Wrapped Staked ETH.

  • This process is known as Know Your Customer (KYC) and usually requires photo ID and a webcam or smartphone. You may also need to prove your address by uploading a copy of a recent bank statement or utility bill.
  • Some exchanges allow you to deposit and trade cryptocurrencies without passing KYC, but they will not allow you to transfer local currency from your bank account. So if you are planning on purchasing CBETH with your local currency then you will need to pass KYC.
  • Once you have verified your identity, it is a good idea to enable 2-factor authentication (2FA) before depositing any funds. This will increase the security of your account and help keep your funds safe.

What are the best ways to buy Coinbase Wrapped Staked ETH?

Once you've created an account, you will need to deposit funds to buy CBETH with. You can either deposit local currency from a bank account or credit card, or transfer cryptocurrency from another exchange or wallet. Here are some popular ways to buy CBETH:

  • Bank account: Transfers from local bank accounts are usually free, but you will need to double-check this with the exchange you choose – this information can be found in our table by clicking on 'view details'.
  • Credit or debit card: Linking a card to your account is another convenient way to top up your account, but be aware that it usually attracts an additional fee. An advantage, though, is that you can use a card to make instant purchases or set up a recurring purchase.
  • Cryptocurrency: You can usually purchase CBETH by trading it for another cryptocurrency like Bitcoin or a stablecoin. This varies between exchanges though, so you will need to search for CBETH on the spot market to see what cryptocurrencies it can be traded for.

What is the easiest way to buy Coinbase Wrapped Staked ETH?

The easiest way to buy CBETH is by placing an 'instant buy' order to purchase it for a fixed price but not all crypto exchanges offer this feature.

Alternatively, you can open a trade on the spot market which allows you to set your own price – this is the most common way to purchase cryptocurrency. Using the instant buy feature is straightforward but typically more expensive than using the spot market.

Before buying CBETH, you may want to check the market conditions. To help you decide if now is the right time to buy, you can take a look at our all-time high tool to get an idea of how the price of Coinbase Wrapped Staked ETH has been performing recently.

Best Coinbase Wrapped Staked ETH wallets to store your CBETH

You can keep your CBETH on the exchange you purchased it on, or move it to a personal wallet:

  • Some people like to use their own wallets to guarantee total ownership over their assets, or to use them with other applications like DeFi services.
  • Hardware wallets are typically considered to be the safest type of cryptocurrency wallet, as they use a physical device to enhance security in a number of ways. You can take a look at some of our top hardware wallet picks for self-custody of your CBETH below.

Ledger Nano X Wallet

Trezor Model T Wallet

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Supported assets

5,500+

Supported assets

1,456+

Price (USD)

$149

Price (USD)

$219

Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

Is Coinbase Wrapped Staked ETH a good investment?

If you believe the price of ETH will appreciate in the future - especially in the wake of the Merge - then cbETH may be worth investing in. But here are a few factors you may want to consider before buying cbETH:

  • Purpose. cbETH is created by investors who have wrapped their staked ETH via Coinbase to hold onto a liquid derivative version of their staked ETH. If you purchase cbETH, you will not be able to stake it via Coinbase the same way you would ETH. You may be better off acquiring cbETH by staking your ETH via Coinbase and then wrapping your staked ETH as opposed to buying it directly.
  • Use case. There isn't as much of a use case for cbETH as there is for Lido Staked Ether (stETH). DeFi apps such as Curve Finance allow you to stake your stETH - the asset you receive in exchange for staking on Lido Finance - but not your cbETH. As more crypto platforms allow you to use cbETH on them, the use case of the asset will increase.
  • Arbitrage/risk. You might want to buy cbETH for the arbitrage opportunity. That is, there may be points where cbETH trades lower than the price of ETH and could be considered undervalued. But there is no mechanism that guarantees cbETH will keep relative parity with ETH. This creates risk in that the price of cbETH could depeg from the price of ETH.

Today's Coinbase Wrapped Staked ETH price versus ATH

Compare today's price of Coinbase Wrapped Staked ETH ($2389.53 USD) against its all-time-high price of $2433.66 USD on 05 December 2023. The closer the bar is to 100%, the closer CBETH is to reaching its ATH again.

Coinbase Wrapped Staked ETH's price: $2389.53
ATH date: December 05, 2023
98.19%

Coinbase Wrapped Staked ETH ATH: $2433.66


How to trade, convert or sell Coinbase Wrapped Staked ETH

You can convert or sell your CBETH with the same exchange you bought it through:
  1. Sign in to the exchange you have CBETH on.
  2. If you store your Coinbase Wrapped Staked ETH in a digital wallet, compare crypto exchanges to convert or sell it on.
  3. Choose Sell or Convert and place a sell order.
  4. Choose the amount of CBETH you'd like to convert or sell.
  5. Confirm the sell price and fees and close your sale of Coinbase Wrapped Staked ETH.
  6. Complete your transaction and move your CBETH to a wallet for storage.
  1. Coinbase
  2. Cointelegraph
  3. Data by CoinGecko

Disclaimer: Cryptocurrencies, including Coinbase Wrapped Staked ETH, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of CBETH is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the Coinbase Wrapped Staked ETH or any other cryptocurrency discussed.

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