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How and Where to Buy Bitcoin in Canada

If you are from Canada and you are wondering how and where to buy Bitcoin in Canada, read this article and you will become an expert!

If you are from Canada and you are interested in buying or selling Bitcoins, you have to the right place as we are going to explain everything you need to know. When it comes to buying and selling Bitcoins Canada it may be a bit more challenging as regulators and banks are not introduced to the concept of blockchain technology and cryptocurrencies in general. However, you have nothing to worry about as once you read this article, you will become an expert on how to find and purchase Bitcoin in Canada.

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How to Buy Bitcoin in Canada?

There are different options Canadians can use for both selling and buying. We are going to explain two specific ways you can use:

QuadrigaCX (Method 1) – If you want to use this method, you need to verify your identity. QuadrigaCX is known as one of the best and highest volume exchanges in Canada. If you don’t want to verify your identity, you can use the other method (we are going to discuss it later). If you want to proceed with QuadrigaCX, open their official website, and ho to their homepage. Here, you can register and create your own account. The registration process will take a few minutes out of your time. You need to select your transaction PIN, as well as, your password. Keep this information in a safe place or write it down. Once you’ve created your account, it is time to register. A window will pop up and inform you that you are successfully registered. After entering all the necessary information, you will receive your personal client ID. You can proceed to complete verification and check out the withdrawal and funding options. During verification, you will be asked to confirm and verify your personal details to prove you are a real and legitimate person. QuadrigaCX has various withdrawal and funding options which makes it easier to sell and buy cryptocurrencies that are best for you. You can check the methods on their official website. That’s it. This is everything you need to know about one of the best Bitcoin trading platforms in Canada.

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MyBTC.ca (Method 2) – This is a simpler method. If you open their website you will notice that there are various options for payment, such as interac online transfers, Flexepin vouchers, prepaid credit and debit cards. We recommend you to use the first option as it is quite easy to send and receive money and there are low fees attached. If you want to buy Bitcoin, you need to click “Buy Now” (you will find this option on their homepage) and once you click, you will have to fill out your personal information to verify you are a legitimate person. Fill the amount of Canadian dollars you want to purchase of Bitcoin in “Amount to process” and in the field “Amount to buy” it will show you exactly how much Bitcoin you will receive on your account. Once you are done with filling out all the information, you will have your Bitcoin in no time. You will be required to use a Bitcoin address where you can store your Bitcoins, so we highly suggest you to sign up to QuadrigaCX and create your own Bitcoin address.

There are a few more Bitcoin exchanges you can use to buy Bitcoin in Canada. Some of the most popular Bitcoin exchanges are Coinbase, Coinmama, GDAX, LocalBitcoins, CanadianBitcoins, Satoshi Counter, and BitAccess.