If you’re looking to buy Bitcoin in Canada, there are several good options available. The best option for you will depend on your investment goals, research, due diligence and risk tolerance. It’s also important to consider your current financial situation and only invest what you can afford to lose. How to Buy Bitcoin in Canada.
The most common method for buying Bitcoin in Canada is through a cryptocurrency exchange. These platforms provide a secure environment where you can purchase cryptocurrencies using Canadian dollars. They typically support a number of different payment methods, including bank transfers and credit cards. Some also offer advanced trading features such as margin trading.
How to Buy Bitcoin in Canada: A Complete Beginner’s Guide
Bitbuy is a popular Canadian cryptocurrency exchange that offers low fees and easy trading. The exchange is FINTRAC registered and offers a range of deposit and withdrawal options, including Interac e-transfers. They also have a great customer service team and recently won the award for Best Customer Support at the 2019 Cryptocurrency Awards.
Coinsquare is another Canadian-based cryptocurrency exchange that provides a convenient way to buy Bitcoin and other digital assets. The platform is regulated by the Ontario Securities Commission (OSC) and has robust know-your-customer (KYC) procedures and anti-money laundering/counter-terrorist financing compliance. It also reports suspicious activity and transactions to law enforcement.
Another option is Newton, a no-fee crypto exchange that’s based in Toronto. The platform allows users to connect their bank accounts and make purchases using Interac e-transfers or wire transfers. It has a user-friendly interface and claims to have some of the lowest prices for Bitcoin in Canada.…