Wondering where and how to buy Bitcoin in Canada? You are at the right place. Let's read the full article.
Where to Buy Bitcoin in Canada
Bitbuy – Overall Best Crypto Exchange to Buy Bitcoin Canada
BuyBit, a well-known cryptocurrency exchange that was established in 2016, is now the home to over 350,000 bitcoin traders in Canada. This Bitcoin trading platform makes it simple to trade Bitcoin for a quick profit or to invest in Bitcoin.
There are 2 ways to buy Bitcoin using BitBuy. For anyone looking to invest once in cryptocurrencies, the Express Trade module is ideal. With just one click, you can instantly purchase Bitcoin at the current price for 0.20% of trade.
The Pro Trade module, on the other hand, is a thorough trading platform designed for more seasoned traders. You can set price alerts, chart technical patterns, and much more. Trading Bitcoin with the Pro Trade module costs 0.10% per transaction.
You can open an account at BitBuy in minutes and fund your account with a bank transfer or wire. Unfortunately, debit and credit cards aren't accepted at this time, but the minimum deposit is just $100. BitBuy also offers 14 other popular altcoins in addition to Bitcoin.
Binance – Best Place to Buy Bitcoin Canada with Low Fees
Binance is the world's largest cryptocurrency exchange and regularly facilitates over $15bn in daily trading volume. Much of Binance's excellent reputation comes from the platform's low-fee approach, as investors only need to pay a 0.1% transaction fee when placing a trade.
Notably, you can reduce this fee by 25% if you hold Binance Coin (BNB), the platform's native token. Binance also offers around 500 crypto assets to trade, including crypto-to-crypto pairs, ERC-20 tokens, and more. Finally, users can even buy Bitcoin in Canada instantly using their credit or debit card – although this will come with a transaction fee of 3%.
Coinbase – Best Way to Buy Bitcoin in Canada with Free Crypto Wallet App
Another great place to buy Bitcoin Canada is Coinbase. This regulated crypto exchange has a stellar reputation in the crypto trading scene and is authorized by top-tier authorities. At the time of writing, Coinbase offers over 50 cryptocurrencies to trade, including various altcoins and DeFi tokens. In terms of fees, Coinbase users must pay a transaction fee and the spread, with the latter ranging around 0.5%.
The transaction fee is based on the total trade amount and the payment method used, so it can vary wildly depending on how you trade.
Notably, Coinbase allows all users to download its free crypto wallet app to store crypto and navigate the decentralized web. Users can even earn staking rewards in just a few taps and withholdings from as little as $1!
How to Buy Bitcoin Canada
Here is a quick rundown of the procedures you must follow if you're wondering how to buy Bitcoin in Canada:
1. Create an account with Bitbuy by going to the website and selecting "Get Started." Select a username and password for your account after entering a working email address.
2. Deposit: A bank transfer or wire transfer can be used to fund your Bitbuy account. Deposits for bank transfers must be at least $100.
3. Select Bitcoin in the Express Trade module to purchase it. Click "Buy Bitcoin" to finish your transaction after entering the quantity you wish to buy.
Well, I hope now you know where and how to buy Bitcoin in Canada.
