How to Buy Bitcoin in Canada (August 2022)

Shopping for Bitcoin in Canada is now simpler than ever with extra reliable Canadian particular choices, and extra worldwide exchanges providing choices to Canadian residents.

On this article, we’ll element how one can buy Bitcoin (BTC) and different cryptocurrencies from any province in Canada.

Issues to Think about Earlier than Shopping for Bitcoin in Canada

Earlier than getting began, there are some things to contemplate if you plan on shopping for your Bitcoin in Canada. These are necessary in serving to you each select the proper time, and the proper service to make your Bitcoin buy.

Market Place: This can be a large issue after all if you spend money on any asset. Maybe, much more, the case if you end up shopping for Bitcoin. It’s topic to extra pronounced worth actions than investing in shares for instance. In that case, you need to be absolutely conscious of the market worth on the time you might be shopping for.

Buying and selling Charges or Limits: These can range from extraordinarily aggressive to very excessive relying on the service you select to purchase your Bitcoin by. At all times make sure to verify for all price and fees earlier than making a purchase order.

Service Status: Whereas the entire companies we’ve got chosen are among the most reliable round, try to be conscious that not each Bitcoin gross sales platform is as respected. You possibly can scale back your threat right here by ensuring you carry out some due diligence.

Prime Locations to Purchase Bitcoin (BTC) & Crypto in Canada

Bitbuy

Bitbuy is a Canadian cryptocurrency alternate that’s proudly targeted on serving Canadian merchants and so they provide among the hottest cryptocurrencies together with Bitcoin (BTC). The alternate was established in 2016 and has grown to develop into a well-liked and trusted market for Canadian crypto-traders with now greater than 350,000 customers.

Bitbuy has developed a robust fame for being a reliable and clear operation. Their credibility has been enhanced on various fronts together with being the primary alternate in Canada to conduct proof of reserve audits which they started in 2019 and have carried out every year since.

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Trending: Buy Bitcoin (BTC) in Canada with CAD with Lowest Fees

Additionally they provide: Ethereum (ETH), Litecoin (LTC), Bitcoin Money (BCH), Stellar Lumens (XLM), EOS (EOS), Aave (AAVE), Cardano (ADA), Dogecoin (DOGE), Polkadot (DOT), SushiSwap (SUSHI), Chainlink (LINK), Solana (SOL), Polygon (MATIC), and Uniswap (UNI).

Learn our Bitbuy Overview or sign-up now to get $25 Free.

MyBTC

MyBTC is a cryptocurrency alternate unique to Canadians that was based again in 2016. At this time they’re changing into ever extra standard and trusted medium within the buy of Bitcoin for Canadian merchants who worth safety, and the low prices on provide. The alternate is regulated by FINTRAC as a Cash Providers Enterprise below regulation quantity M20844324.

They provide a number of buy choices together with Interac e-Switch a handy choice that may be a most popular selection for a lot of Canadians when shopping for Bitcoin for quantities between $30 and $10,000. Different choices embrace financial institution wire, bank card, and Flexepin Voucher. An alternative choice is Bitcoin can bought at any Canada Put up utilizing money or debit playing cards.

Learn our MyBTC Overview or go to MyBTC.

Coinberry

Coinberry is making it simple to entry Bitcoin in Canada with no fuss and purchase or promote the asset shortly by their simple to make use of platform. They’ve been round since 2017 and have various highly-trusted partnerships that set them up with a stable fame for cryptocurrency. They’re additionally registered with FINTRAC as a Cash Providers Enterprise, so very reliable from that standpoint.

You possibly can have your account open and KYC verified right here very quickly in any respect and Coinberry additionally ensures one of the best worth surroundings doable for getting or buying and selling your Bitcoin and the opposite supported belongings. With no deposit or withdrawal charges, and a 0.5% buying and selling price, they arrive in as one of many least expensive companies the place you should buy Bitcoin in Canada utilizing your debit, bank card, wire, or Interac switch. It’s best to word although that as a market maker, they are going to apply a ramification to the asset.

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General they supply a safe, super-convenient, and well-trusted service with competitively low prices. As an added bonus and distinctive function, you even have the flexibility to brief Bitcoin by Coinberry if this can be a technique that pursuits you.

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Additionally they provide: Ethereum (ETH), Litecoin (LTC), Ripple (XRP), Bitcoin Money (BCH), and Stellar Lumens (XLM).

Learn our Coinberry Overview or go to Coinberry.

CoinSmart

Although CoinSmart has solely been in enterprise since 2018, they’ve already developed a robust fame for being a clear alternate with good backing and credibility and is without doubt one of the finest exchanges to purchase Bitcoin (BTC). Canada has among the most stringent laws in place for consumer safety, so instantly, figuring out that CoinSmart is Canadian based and based mostly in Toronto is a constructive.

The alternate is registered with FINTRAC, the nationwide monetary intelligence company of Canada as a cash companies enterprise and was just lately granted restricted seller registration with the Ontario Securities Fee together with all the opposite Canadian Securities Administration members.

Moreover, the corporate is publicly traded having launched on the Canadian NEO inventory alternate in November 2021. This itemizing, alongside the opposite regulatory frameworks in place at CoinSmart, ensures that they supply one of the clear, and well-regulated environments in Canada and worldwide for cryptocurrency buying and selling.

Enroll with code: getcrypto and get C$20 of BTC if you fund your account.

Additionally they provide: Bitcoin (BTC), Ethereum (ETH), Cardano (ADA), Litecoin (LTC), Uniswap (UNI), Chainlink (LINK), Polkadot (DOT), Shiba Inu (SHIB), Dogecoin (DOGE), Bitcoin Money (BCH), Stellar Lumens (XLM), and EOS (EOS).

Learn our CoinSmart Overview or go to CoinSmart.

Binance

Trending: 20 Ways to Buy Bitcoin in Canada in 2022

Binance is without doubt one of the largest and most well-known cryptocurrency exchanges on the earth. They settle for residents from all Canadian provinces excluding Ontario. As a Canadian dealer, you may also use Binance to buy Bitcoin. There are slight variations in the case of utilizing exchanges like Binance as a substitute of buying your Bitcoin straight as you possibly can by the opposite companies talked about.

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The principle key variations are that in buying from Binance you may also purchase from different merchants available in the market by the alternate. This will imply nice worth for you when it comes to worth and prices. Binance fees between 1% and three.5% for direct Bitcoin purchases utilizing your credit score, debit card, or financial institution switch, although if you wish to purchase Bitcoin utilizing one other crypto the price may be as little as 0.1% from different merchants on the alternate.

The method of getting began can also be simply as handy. All it’s essential to do is register with Binance and full the KYC checks they’ve in place. For direct Bitcoin purchases, they associate with Simplex as a fee supplier that additionally ensures your transactions stay secure and safe. It ought to take no various minutes to finish your Bitcoin buy with Binance.

Additionally they provide over 100 of the most well-liked cryptocurrencies, if you wish to purchase altcoins together with Binance (BNB), this can be a nice choice.

Ontario residents are prohibited.

For extra particulars, you possibly can see our Binance Overview, or go on to the Binance alternate to sign-up and begin buying and selling. Use Low cost Code: EE59L0QP to say a 10% cashback on buying and selling charges.

KuCoin

KuCoin is a widely known title within the trade, and one of the aggressive within the sector in the case of charges and buying and selling prices. The alternate has grown exponentially from the early days of providing solely crypto to crypto buying and selling and so they now provide a diverse vary of companies together with a P2P alternate functionality, and buying with credit score or debit playing cards.

They at the moment provide Bitcoin (BTC) buying and selling in addition to over 300 different standard tokens. They’re typically the primary to supply shopping for alternatives for brand new tokens.

Learn our KuCoin Overview or go to KuCoin.

Please see more summary list Where to buy bitcoin in canada ranked by customer satisfaction.

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