How to Buy Bitcoin and Crypto in Canada
What we Found
Now buying, selling, and trading Bitcoin and Cryptocurrency is easier than ever.
Trading Bitcoin and other cryptocurrencies in Canada is relatively easy, and there are several ways to buy and sell cryptocurrencies. Here’s how to buy Bitcoin and other cryptocurrencies in Canada:
Choose a cryptocurrency exchange: There are several cryptocurrency exchanges in Canada, including Coinsquare, Bitbuy, and Kraken. Choose an exchange that suits your needs and offers the cryptocurrencies you want to trade.
Create an account: Once you have chosen an exchange, you’ll need to create an account. This typically involves providing your personal information and verifying your identity.
Fund your account: You can fund your account by depositing Canadian dollars through various payment methods, such as bank transfer or credit/debit card. You can also deposit other cryptocurrencies if the exchange supports it.
Buy Bitcoin or other cryptocurrencies: Once your account is funded, you can buy Bitcoin or other cryptocurrencies on the exchange. You’ll need to choose the cryptocurrency you want to buy, enter the amount you want to purchase, and complete the transaction.
Store your cryptocurrency: It’s important to store your cryptocurrency in a secure wallet. You can choose to store it in a hot wallet (which is connected to the internet) or a cold wallet (which is offline).
In addition to using a cryptocurrency exchange, you can also buy Bitcoin and other cryptocurrencies through a Bitcoin ATM or a peer-to-peer marketplace like LocalBitcoins.
It’s important to remember that investing in cryptocurrencies is risky and volatile. You should never invest more than you can afford to lose and should always do your own research before investing.
Most popular crypto exchanges
Buy Bitcoin and Crypto through Coinbase
- Coinbase is a convenient and cheap way to buy Ethereum and the platform is open to 200+ countries). Coinbase will sell you CRO for a variable fee that depends on your payment method (credit cards have a higher fee than wire transfers), order size and market volatility. Here’s how you buy Ethereum on Coinbase: Open a Coinbase account Add your payment method (Credit card or bank account) Go to “Buy/Sell” and select the amount of Ethereum you desire Click “Buy Cronos”
Buy Bitcoin and Crypto through Binance
- Binance is a cryptocurrency exchange which is the largest exchange in the world in terms of daily trading volume of cryptocurrencies. It was founded in 2017 and is registered in the Cayman Islands. Binance was founded by Changpeng Zhao, a developer who had previously created high frequency trading software.
Buy Bitcoin and Crypto through MEXC
- Founded in 2018, MEXC Global is known as the exchange of high performance and mega transaction matching technology. The team at MEXC Global are some of the first movers and pioneers of financial and blockchain technology. Currently, MEXC Global caters to 10 M+ users in more than 170 countries around the world and we have just started.
Buy Bitcoin and Crypto through Kucoin
- Kucoin is a global cryptocurrency exchange for numerous digital assets and cryptocurrencies. Launched in September 2017, KuCoin has grown into one of the most popular crypto exchanges and already has over 8 million registered users from 700+ countries and regions. According to Alexa traffic ranking, KuCoin’s monthly unique ranking is in the top 5 globally. Known as the “People’s Exchange”, KuCoin operates in Seychelles, providing users with multi-language and 24/7 customer service. Meanwhile, KuCoin has established local communities all over the world in South Korea, Japan, Spain, Italy, Vietnam, Turkey, Russia, India, and other regions, providing users with the most local services. Currently, 1 out of every 4 crypto holders in the world is with KuCoin.
Buy Bitcoin and Crypto through Bitfinex
- Bitfinex is a cryptocurrency exchange owned and operated by iFinex Inc registered in the British Virgin Islands.Their customers’ money has been stolen or lost in several incidents, and they have been unable to secure normal banking relationships.Bitfinex was founded in December 2012 as a peer-to-peer Bitcoin exchange, offering digital asset trading services to users around the world. Bitfinex initially started as a P2P margin lending platform for Bitcoin and later added support for more cryptocurrencies.