In case you are living in Canada and you want to buy some Bitcoins or some other cryptocurrencies like Ethereum or Litecoin for example, you have come to the right place. We will use this article to provide a few suggestions about the best places to buy Bitcoin in Canada.
First of all, let us say that you can buy Bitcoin from Canadian and non-Canadian Bitcoin exchange platforms. In most cases, using a native Canadian exchange is better because you can use the national currency and the transactions are usually finished faster. Now let’s check some of the options you have.
According to the latest statistics, this is the most popular Bitcoin exchange among Canadians. This Vancouver-based exchange is used for buying and selling Bitcoin, but also for some other popular digital currencies like Bitcoin Cash, Litecoin, Ethereum, Ripple and Bitcoin Gold. Obviously, you can use Canadian dollars to buy these cryptocurrencies.
QuadrigaCX is offering a few deposit methods – cryptocurrencies, Interac eTransfer, bank wire, voucher, crypto capital and Interaca online. Their fee is between 0.2 and 0.5% which is great.
Here’s another example of a popular cryptocurrency exchange. In order to boost your withdrawal, you should verify your account, but unverified account holders can trade up to 2 bitcoins if they want to. What’s tricky about this Bitcoin exchange is that it allows exchange only with the help of cryptocurrencies. So, you can’t buy Bitcoin with Canadian dollars. On the positive side, you can exchange over 90 cryptocurrencies via Binance.
Coinbase is a popular cryptocurrency exchange that operates from California. It would be better if you can use the first two options, but Coinbase has a decent offer too. You can buy Bitcoin in Canadian dollars, but you can’t sell your cryptocurrency as a Canadian citizen. Ethereum, Bitcoin Cash, Bitcoin Gold, Litecoin, and Bitcoin are the cryptocurrencies that can be exchanged via Coinbase. You can buy them with the help of your debit card or credit card. Coinbase also has a mobile app for faster and more convenient exchanges.
Buying or selling Bitcoin is perfectly legal in Canada, but if you want to avoid high fees and long transactions, it is the best idea to use some of the popular online exchanges. Of course, you can always use a Bitcoin ATM in some of the largest cities in Canada for physical transactions.
— MadMax (@Madmaxine7517) 18 de febrero de 2018