How to Buy Bitcoin in Canada

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Rajarshi Mitra

Canadians have always loved Bitcoin, and have been one of the most eager populations to invest, trade and get their hands on Bitcoin. Canadians are lucky to have many options and payment methods to buy Bitcoin.

In this article,  we’re going to show you how to buy Bitcoin in Canada, as we break down 5 of the most popular buying methods.

We also focus on speed, for the user who has no time to waste.

In fact… With some of the options below, you will be able to go from never having bought Bitcoin to owning Bitcoin in less than an HOUR!

Online exchanges are the most popular place to buy  Bitcoin for Canadians because of their ease of use, and simplicity. Not only for Canadians, but exchanges are the most popular place globally to buy Bitcoin.

Buying Bitcoin is easier than you might think.

The two main ways of buying Bitcoin are to find a Bitcoin broker and purchase directly, or to visit a cryptocurrency exchange and buy Bitcoin on the open market.

To help walk you through the process, we’ve put together this beginner’s guide to finding a Bitcoin broker or exchange, and buying Bitcoin in Canada.

This is our quick guide to just one way to buy BTC. Compare some other options in the table below.

Get a $20 bonus when you buy or sell at least CAD$100 in digital currency. T&Cs apply.
At this Canada-based cryptocurrency exchange, you can pay in CAD through bank wire, Interac e-Transfer or Flexepin.

Bitcoin is the world’s oldest and biggest digital currency by market cap.

You spoke and we heard you! At CoinSmart, we’ve eliminated long wait times for deposits, withdrawals and account verification. Our SmartGuarantee provides:

* All Deposits are in your account the same day we receive them. * All Fiat Withdrawals are processed within 5 business days.

With all the different options available, you’re unsure which is the best exchange to use.

Below we will list and explain eaches pros and cons to help find the best one for you.

Once you’ve figured out which exchange you’d like to use, head to the bottom of the guide for step by step tutorials on how to use each exchange.

Coinbase is probably one of the most popular and well-known exchanges in the world.

We may receive advertising compensation when you click certain products. Before jumping into this page, an important disclosure.

Residents of Canada can use Coinbase to purchase bitcoins with a debit card. The fees are 3.99% per purchase, and your bitcoins are delivered instantly. If you purchase more than $100 USD (~130 CAD) worth of bitcoins through this link then you get $10 USD (~13 CAD) worth of bitcoins for free!

We may receive compensation when you use Coinbase. Please visit Coinbase for its exact pricing terms.

Coinmama allows customers in almost every country to buy bitcoin with a credit or debit card.

They charge a ~6% fee on each purchase.

Customers in Europe can also purchase bitcoins with SEPA transfer for a lower fee. Want to buy using Coinmama? This step-by-step guide will show you how to use Coinmama.

Today buying Bitcoin or any other cryptocurrency is easy and convenient.
You can buy Bitcoin in Canada at online exchanges, Bitcoin ATM on the street, through
community networks (P2P), face to face personal selling, and even in person at
a retail location.

You should have some common knowledge before you buy Bitcoin or any other cryptocurrency for that matter. So, it is a good idea to do some research in order to understand what it is and how to keep it secure once you buy it.

Online exchanges are currently the most popular way to buy Bitcoin in
Canada. They are a massive hit due to the convenience and simplicity.

There are a large number of Cryptocurrency exchanges popping up these days, so which should you be using?

In Canada there are some really great options. When looking for the best Canadian exchanges, consider information such as location, currency, available cryptocurrencies and the fees.

Our rating is based on factors such as ease of use, fees, trading features and support.

Based on our research, the 10 best cryptocurrency exchanges for Canada are:

We hope our in-depth list has helped you choose the best bitcoin exchange that you feel is right for you to use in Canada, luckily there are some great options to choose from!

We would highly recommend picking one exchange which works for you and sticking with it, this will make your life much easier and will help you keep a handle on your portfolio.

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