How to buy Bitcoin in Canada

How to buy Bitcoin in Canada

Bitcoin is the most popular type of cryptocurrency today. This means that it’s much easier to buy Bitcoin compared to buying Ethereum, Bitcoin Cash or Bitcoin Gold for example. Yet, this doesn’t mean that you should use the first exchange that you will find online. If you are in Canada, you should focus on the exchanges that are friendly to Canadian users. There are some genuine Canadian Bitcoin exchanges, but there are also some international exchanges that let Canadian users buy (and sell) Bitcoins. We will use this article to present some of the most used Bitcoin exchanges at least when it comes to Canada.

First of all, there is CoinBase. This is one of the most used online cryptocurrency exchanges. It’s an American company that people use to buy and sell Bitcoin and popular cryptocurrencies like Bitcoin Cash, Litecoin, and Ethereum too. You can use debit cards or credit cards to buy Bitcoins. Besides Canadian dollars, users can use over 50 other fiat currencies to complete these transactions.

The other online exchange that we would like to mention is QuadrigaCX. This is an online exchange based in Canada. In fact, this is the largest cryptocurrency exchange in the country. With its help, you can expect same-day deposits and withdrawals. You can buy Bitcoins via bank transfers or other cryptocurrencies like Bitcoin Cash, Litecoin, and Ethereum. When it comes to fiat currencies, you can use Canadian dollars and American dollars.

Kraken is another example of an internationally recognized online Bitcoin exchange that gives you a chance to exchange numerous cryptocurrencies with the help of a wide array of payment methods like wire transfer, electronic funds transfer, and more. From Ripple and Bitcoin to Bitcoin Cash, Ethereum and Dash – users can exchange many different cryptocurrencies thanks to Kraken.

Finally, is a cryptocurrency exchange based in Toronto. In order to start buying or selling Bitcoins or other kinds of digital currency, you will have to create an account. You will notice that this process is similar to the ones related to creating forex trading accounts. In most cases, you will need to provide a valid email address and your ID. accepts bank wire and e-transfers as payment methods.

In addition to these online exchanges, there are dozens of other exchanges that Canadians can use to buy Bitcoins. Yet, these few have proven to be the most reliable and most effective.