If you are looking to buy Bitcoin with Canadian Dollars then you are in the right place. Below I will direct you to a Canadian cryptocurrency exchange that allows you to deposit Canadian Dollars via Interac or bank wire, and use those funds to purchase Bitcoin. I’ve outlined the process in a simple step-by-step guide further down the page.
Disclaimer: The content provided in this article is not financial advice. We are simply providing an information guide outlining how to buy Bitcoin with Canadian Dollars, if that’s something you already intend to do. All readers should do their own research when deciding to buy or sell any cryptocurrencies online.
Where To Buy Bitcoin in Canada
| 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 a popular crytocurrency exchange for Canadians. They offer BTC/CAD trades and allow you to deposit Canadian Dollars from your Canadian bank account via Interac or bank wire.
Bitbuy is located in Canada and compliant with all Canadian regulations.
How To Buy Bitcoin With Canadian Dollars – 4 Step Guide
Follow this straight forward four step guide to learn how to buy Bitcoin online with Canadian Dollars from your bank account.
Step 1. Join Bitbuy.ca
**Full Disclosure: We are members of the Bitbuy affiliate program and may earn commission on user referrals.
First you will need to join an online cryptocurrency exchange that offers BTC/CAD trades and allows you to deposit Canadian Dollars from your bank account.
Click here to visit BitBuy.ca and select the ‘Sign up to get started’ button. Complete the sign up form to open your account. You will have to verify your phone number and email address to set up the account.
You are also required to verify your identity before using Bitbuy to buy or sell cryptocurrencies. This involves providing your name, birthdate, address, and home address. The verification process is almost instant after you’ve provided the required information.
Step 2. Deposit Canadian Dollars
Next you will have to deposit the Canadian Dollars that you want to trade for Bitcoin.
On your ‘Accounts’ page click on the ‘Add Funds’ button beside ‘Your CAD Balance’.
You can deposit your Canadian Dollars via Interac e-Transfer ($50 minimum) or Wire Transfer ($20,000 minimum).
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.
Use the information provided to add a new Interac e-Transfer recipient and complete the e-Transfer to fund your Bitbuy account with Canadian Dollars.
Step 3. Buy Bitcoin
Your Canadian Dollar balance will show up in your accounts within minutes (if you used Interac e-Transfer). You’re now ready to buy Bitcoin with your Canadian Dollars.
Open the ‘Bitcoin’ drop down menu on your ‘Accounts’ page and select ‘Buy’. This will take you to the Express Trade section of the Bitbuy website.
Enter the amount of Canadian Dollars you want to trade for Bitcoin. In the example below I’m using $2500 to buy approximately 0.033 BTC.
If you are happy with the BTC amount you are able to purchase with your Canadian Dollar amount, click ‘Buy Bitcoin’ to complete the trade.
Here is an Express Trade screenshot taken in October of 2021:
Step 4. Withdraw Bitcoin To Hardware Wallet (Optional)
After the Bitcoin purchase you will see the Bitcoin balance on your ‘Accounts’ page.
You now have the ability to withdraw the Bitcoin to a wallet where you hold the private keys.
This is an optional step because you can also leave the Bitcoin in your Bitbuy account.
I suggest you do your own research relating to how to best store your Bitcoin.