If you are looking to trade Canadian Dollars for cryptocurrencies such as Bitcoin and Ethereum, then you are in the fight place.
On this page I will direct you to a popular Canadian cryptocurrency exchange where you can purchase established cryptocurrencies with Canadian Dollars, via an Interac e-Transfer from your major Canadian bank account. I will also provide a simple three step guide you can follow to buy crypto at the exchange website. At the bottom of the page you will find links to buying guides for specific cryptocurrencies such as Bitcoin and Ethereum.
**Disclaimer: The content provided on this page is not financial advice. All readers should do their own research when deciding to buy any cryptocurrencies online.
Best Crypto Exchange For Canadians
| Exchange | Bonus | Visit |
|---|---|---|
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Buy and Sell Cryptocurrencies | Visit |
**Full Disclosure: We are members of the Bitbuy affiliate program and may earn commission on user referrals.
Bitbuy.ca is one of the top exchanges for Canadians interested in buying cryptocurrency with Canadian dollars. They accept both Interac e-Transfer and bank wire deposits from all major banks.
Bitbuy is located in Canada and compliant with all Canadian regulations.
3 Step Guide To Buying Crypto
Follow this simple three step guide to buy cryptocurrency online using Canadian dollars.
Step 1. Create An Account at BitBuy.ca
**Full Disclosure: We are members of the Bitbuy affiliate program and may earn commission on user referrals.
You will need to open an account at an online cryptocurrency exchange that accepts deposits in Canadian dollars.
Click here to visit Bitbuy.ca, then select the ‘Sign up to get started’ button on the home page. Complete the sign up form to create your account.
You will have to confirm your email address, phone number and verify your identity before you can use the exchange. The identity verification process is a quick and easy process where you only have to provide your name, birthday, occupation and home address. It’s generally completed in a couple minutes.
Step 2. Deposit Canadian Dollars
Next you will have to deposit the funds you want to use to purchase cryptocurrencies.
On your ‘Accounts’ page click the ‘Add Funds’ button beside your CAD Balance.
You can deposit Canadian dollars via Interac e-Transfer (minimum $50, maximum $10,000) or Wire Transfer (minimum $20,000, maximum $500,000). Interac e-Transfers are nearly instant and I expect they will be the deposit method used the majority of Canadians.
The next page will provide you information on where to send the Interac e-Transfer from your Canadian bank account. You will be provided with the recipient name, recipient email address, security question, and security answer.
Add a new Interac e-Transfer recipient using the information provided and complete the e-transfer to fund your Bitbuy account.
Step 3. Buy Cryptocurrency
Your Canadian Dollar deposit will show up in your account within minutes. You’re now ready to use the Canadian Dollars to buy crypto.
Click ‘Buy’ beside the cryptocurrency you want to buy on your ‘Accounts’ page to head to the ‘Express Trade’ section of the Bitbuy website.
Enter the amount of Canadian Dollars you want to use to buy the cryptocurrency. In the example below I’m using $2500 to buy bitcoin.
If you are happy with the amount of cryptocurrency you will buy with your Canadian Dollars, click ‘Buy Bitcoin’ to complete the transaction.
Here is a screenshot showing the purchase of 0.033 BTC using $2500 (screenshot taken in October 2021):
Buy Specific Cryptocurrencies in Canada
Each of our buying cryptocurrency pages below includes a simple step-by-step guide, with screenshots, outlining how to buy each specific cryptocurrency with Canadian dollars online.
Buy Bitcoin
BTC is the market leader in the cryptocurrency industry. On this page I provide a simple three to four step guide you can follow to buy Bitcoin with Canadian Dollars from your bank account.
Buy ETH
ETH is the native cryptocurrency of the Ethereum blockchain, which is the leading decentralized blockchain with smart contract functionality. On this page I provide a simple four step guide you can follow to buy ETH with Canadian dollars from your bank account.
Buy Litecoin
Litecoin is an established cryptocurrency that was established in 2011 as an early spinoff of Bitcoin. On this page I provide a simple three to four step guide you can follow to buy LTC with Canadian Dollars from your bank account.
More Coming Soon.