The Best Ways To Buy Bitcoin

Residents of Canada can use Coinbase to purchase bitcoins with a debit card The fees are 3.99% per purchase, and your bitcoins are delivered instantly. Brokers charge a significantly higher fee per transaction than exchanges (MyBTC's flat fee is 6.75%) but their fees cover all processing costs, including deposit and trading fees, and the variable processing fees for the blockchain transaction required to move Bitcoins from the broker's wallet to your own.
We earn that trust through the best security in the business — most of our digital assets are held safely in cold wallets so bad actors can't reach it. Our platform cryptocurrency canada provides world class financial stability by maintaining full reserves, healthy banking relationships and the highest standards of legal compliance.

There are several other important features to consider, such as where an exchange is regulated and the payment methods accepted by peer-to-peer trading sites, so check out our cryptocurrency exchange guide for more tips on how to choose the right platform.
Buying from a broker requires a private wallet, so you will need to create one using a service like You will also need to verify your identity with MyBTC, but luckily you can do that using Equifax's online identity verification and a Canadian phone number.

A bank wire requires the customer to visit their bank branch, which can be inconvenient for many Canadians (especially in the winter!) Most online exchanges accept Bank Wires as funding methods including Coinsquare, , Kraken, and Bitbuy accept wires, but minimums will vary.
When money is pulled out of the stock market it generally flows towards these types of investments, but in 2008 when the stock market and the real estate market experienced simultaneous crashes, gold seemed like the only safe play and, in turn, began its dramatic gains in price.

You can track the rates Bitcoin is trading at across the Canadian exchanges using the Canadian Bitcoin Index Most exchanges also trade in other major cryptocurrencies like Etherium and Litecoin, and will allow you to trade back and forth between currencies.
Currently, there are many stores in Canada which accept Bitcoin and other cryptocurrencies. Canada hasn't had the easiest Ripple exchanges until now. They also have a multiplier system that can increase your cash up to 25 or even 100 times its regular amount if you play the market just right and pick the right path.