Oleg Galeev

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How to Buy Staked ETH (StETH) in Canada: 3 Ways in 2025

Last updated March 10, 2025

How to Buy Staked ETH (StETH) in Canada in 2025
 
Looking to buy Staked ETH (StETH) in Canada? I’ve got you covered. As a crypto enthusiast who’s been trading in Canada since 2016, I’ve tested over 50 Canadian crypto exchanges to figure out the best ways to get my hands on StETH. I’m also the creator of OCryptoCanada, a popular YouTube channel with thousands of subscribers, where I break down the crypto scene for Canadians. With my experience and the latest scoop for 2025, I’ll walk you through the top platforms and insider tricks to grab Staked ETH (StETH) in Canada, no matter where you’re at in your crypto journey.
 
Quick heads-up: This article includes affiliate links to some of the crypto exchanges I mention. These links help support OCryptoCanada, so I can keep bringing you independent content without selling out. Don’t worry—they don’t mess with my rankings. Pretty much every exchange has a referral program anyway, and my recommendations come from what’s genuinely worked for me and other Canadians.

Why Buy Staked ETH (StETH)?

Staked ETH (StETH) is a liquid staking token from the Lido protocol, representing staked Ethereum on the Ethereum 2.0 network while allowing holders to earn staking rewards without locking up their assets. Canadians might be drawn to StETH for its flexibility—offering a way to participate in Ethereum’s proof-of-stake ecosystem while maintaining liquidity for trading or DeFi applications, all within a robust and growing blockchain network. This could appeal to both passive income seekers and active crypto users in Canada. However, crypto investments carry significant risks due to market volatility, so it’s wise to only invest what you’re prepared to lose. As of March 17th, one StETH costs .

Where to Buy Staked ETH (StETH) in Canada in 2025

If you’re in Canada and looking to buy Staked ETH (StETH) in 2025, you’ve got some great options to choose from. After testing the waters, here’s my top pick for getting your hands on StETH safely and efficiently.

1. Bitget (Best for Low Fees and Variety)

Bitget is my go-to exchange for StETH trading, thanks to its low fees and massive selection of over 800+ coins. As one of the biggest global crypto platforms, it’s ideal for daily trading—and a top choice for Canadians looking to buy StETH in 2025. I love how Bitget balances affordability with a robust, secure setup. Check out my video review for the full breakdown!

A quick note: Bitget isn’t available in Alberta or Ontario due to local regulations, so if you’re in those provinces, you’ll need another option (more on that later!). For the rest of Canada, though, it’s a powerhouse. Bitget holds regulatory licenses in the US, Canada (outside Ontario), and Australia, and backs that up with top-tier security—think $300M in cold storage, 2FA, and monthly Proof of Reserves audits. It’s a platform I trust for my trades.

Fees are a highlight here. Spot trading fees are just 0.1%, and you can knock that down to 0.08% if you pay with their BGB token. Futures trading is even cheaper at 0.02% for makers and 0.06% for takers. Deposits are free, though withdrawal fees vary by crypto—pretty reasonable overall. With over 800 cryptocurrencies, including StETH, Bitget’s got the variety to keep you covered.

For Canadians, depositing funds is flexible—bank transfers, credit/debit cards (via third-party providers), or crypto deposits all work. But here’s the slickest way most of us do it:

  1. Sign up with a regulated Canadian exchange—I’ll use Coinbase as an example since it offers free Interac e-Transfer deposits and super-fast processing.
  2. Deposit CAD via Interac e-Transfer (bank transfers are an option too, but slower).
  3. Wait a few minutes—once your funds hit, buy USDC (a stablecoin pegged to USD) with your CAD.
  4. Send USDC to your Bitget wallet—I walk through this in detail in my video.
  5. Trade USDC for USDT on Bitget—now you’ve got access to over 800 crypto pairs, including StETH!

Getting started on Bitget means completing KYC verification for AML and CTF compliance. You’ll need to submit your name, date of birth, nationality, and identity document number, plus a photo of your ID and a selfie. It’s quick and keeps everything above board.

Oh, and if you’d like to toss some support my way (pretty please!), sign up using my referral link. You’ll get a 50 USDT bonus when you deposit over 500 USDT—a nice perk that helps keep my blog going! Bitget’s deep liquidity for pairs like StETH/USDT ensures tight pricing with minimal slippage, and their 24/7 support in English and French is a bonus for Canadian traders. I’ve even imported my trades to Koinly for tax reporting—super easy to stay on top of Canadian tax rules.

Swing by my website for my Bitget review or catch my YouTube video for a full, easy-to-follow guide!

2. MEXC (Cheapest Fees with the Most Coins)

If you’re after the cheapest fees and the widest selection of coins, MEXC is tough to beat for buying StETH in 2025. With fees as low as 0.02% and over 2,900 cryptocurrencies, it’s my pick when I want bang-for-my-buck trading. Plus, the no-KYC option with high limits is a rare perk.

Here’s the catch: MEXC isn’t officially available in Canada because it’s not registered under Canadian securities laws, meaning some features are limited for us due to regulatory compliance. That said, plenty of Canadians (myself included) access it via a VPN at their own risk—it’s a workaround for those extreme low fees and massive coin selection. Use caution, though, as this comes with legal and security considerations. I use PureVPN in order to use MEXC. 

MEXC is still considered safe globally, with licenses from Estonia and the US, plus strong security features like 98% cold storage, 2FA, withdrawal whitelisting, and a Proof of Reserve system showing assets are over 100% backed. It’s not Canadian-regulated, but I’ve found it reliable for my trades. Fees are where MEXC shines: spot trading is 0% for makers and 0.1% for takers, while futures are 0% for makers and just 0.01% for takers. Crypto deposits are free, though withdrawal fees vary by coin—still some of the lowest around.

Signing up with MEXC is a breeze—no KYC needed for basic trading, which is great if you value privacy. For higher withdrawal limits or certain features, you’ll need to submit KYC (ID, selfie, etc.) to meet compliance and security standards. I’ve stuck to the no-KYC tier and had no issues with StETH trades.

And hey, if you’d be kind enough to use my referral link [insert link], you’ll grab a $20 bonus—it’s a little boost that helps support my blog! MEXC is my go-to when I’m chasing the lowest fees and don’t mind the VPN hassle. 

3. KuCoin (Low Fees and Advanced Trading with a Catch)

KuCoin is one of the largest global exchanges by volume and a favorite of mine for advanced trading at low fees—perfect for grabbing StETH in 2025. It’s got a massive selection of over 700 coins and a slick platform, but here’s the deal: it’s technically not allowed in Canada. Still, plenty of savvy traders (myself included) use it anyway. Note that it’s unavailable in Alberta and Ontario due to stricter local rules

KuCoin’s safety features are legit—Proof of Reserves, 98% cold storage, 2FA, and even a fund for asset security. But in Canada, it’s not compliant with current securities laws, leading to a ban in Ontario and limited availability elsewhere. It’s not a regulated exchange here, so new KYC for Canadian users isn’t supported. That hasn’t stopped some from accessing it with a VPN (I recommend PureVPN) or using existing accounts—just know it’s at your own risk.

Fees are a big reason people flock to KuCoin: spot trading is 0.1% for both makers and takers, with discounts if you hold KCS tokens. Futures trading is 0.02% for makers and 0.06% for takers—super competitive. Crypto deposits are free, though withdrawal fees vary by coin. With StETH among its 700+ cryptocurrencies, KuCoin’s got the variety I crave for my portfolio.

KuCoin’s sign-up is a breeze—no KYC required for basic trading, which keeps things private (up to 1 BTC daily withdrawal). For higher limits or extra features, KYC (ID, selfie, etc.) is needed, but new Canadian users can’t verify due to regulatory blocks. I’ve managed with the no-KYC tier just fine for StETH.

If you’re up for giving it a shot and want to support my blog (pretty please!), use my referral link to sign up—it’s a small way to help me keep the content flowing! KuCoin’s a gem for low-cost, advanced trading, but the VPN workaround and legal gray area mean it’s not for everyone. 

How to Keep Your Staked ETH (StETH) Safe

For short-term trading, leaving StETH in your exchange wallet (if they support it) is okay, but for long-term holding, I strongly recommend moving it to a secure crypto wallet. Exchanges can be hacked or glitch out, and you don’t want to lose your hard-earned StETH. I’ve covered the best wallets for Canadians in another guide—give it a peek for the full rundown. Quick tip: a hardware wallet like Ledger or a software option like MetaMask works great. Keep your seed phrase safe (maybe in a locked drawer?) and you’re golden.

How to Sell StETH in Canada

Ready to cash out those staking gains? Selling StETH is straightforward:

  • Transfer your StETH back to a wallet or exchange that supports it (like Crypto.com or a DEX).
  • If you’re on a DEX like Uniswap, swap StETH back to ETH. Then send that ETH to your Canadian exchange.
  • On the exchange, use the “Sell” option to convert ETH to CAD.
  • Withdraw the funds to your bank account via e-Transfer or wire. Want the best tips for cashing out? Check out my video for all the details on fees, timing, and more!

Frequently Asked Questions (FAQs)

Can I buy StETH in Canada?

Yes! You can buy ETH on exchanges like Bitbuy or Crypto.com, then convert it to StETH via Lido or a DEX like Uniswap.

Which exchange is best for buying StETH in Canada?

For ETH, Bitbuy’s beginner-friendly and Canadian-based. For StETH directly, Crypto.com might work, or use a DEX for flexibility.

Is buying StETH a good investment?

StETH offers staking rewards (around 3-5% annually in 2025, depending on Ethereum’s network), but prices can fluctuate. It’s less volatile than meme coins, but still, only invest what you’re comfy losing.

I hope this guide helps you navigate the StETH scene in Canada. It’s a smart way to dip into staking without overcomplicating things. Crypto’s got its risks, so do your own research and play it safe.

Happy staking!

  • How To

Author

Oleg is a Canadian citizen & crypto expert who has been trading since 2016. He started out with Coinbase, Kraken and Peer-to-Peer exchanges. After some time, centralized exchanges started charging crazy fees to their users.

He decided to review different crypto exchanges that operate in Canada and start a Youtube channel in order to educate Canadians on what kinds of things are going inside each one while giving them unbiased advice. On top of that, Oleg also has experience with NFT, airdrops, and crypto staking and he is constantly checking on new crypto assets.

His writing has been featured in popular Canadian media sources such as Toronto Sun and Ottawa Citizen. 

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