If you are following the latest trends in the world of finance and economy, you have probably noticed that Bitcoin is a trending topic. This so-called cryptocurrency has shaken the financial market and even though it is currently stalled in terms of value, the fact is that it didn’t lose its attractiveness because many experts predict bright future for Bitcoin. So, if you are wondering how to buy Bitcoin in Canada, you have come to the right place because we are about to present a few good methods that can help you buy this digital currency in Canada.
There are many online exchanges focused on Bitcoin that work in Canada. But, three of them are considered to be the largest exchanges used by most Bitcoin enthusiasts and traders – CoinSquare, QuadrigaCX, and Ezbtc. They have detailed FAQ pages where you can get all the information you need about selling, buying, and trading Bitcoin.
QuadrigaCX is definitely the biggest exchange in terms of liquidity and volume. Another thing that’s great about this exchange is that users don’t have to verify their accounts to buy or sell Bitcoin and withdraw their cryptocurrency to their bank accounts. Of course, the verification process will eliminate some restrictions and limitations.
Coinbase is a popular global Bitcoin exchange and you can use it from Canada too, but keep in mind that they don’t support Canadian dollars as a funding solution. You may end up paying too many fees when using Coinbase even though it is possible to avoid some of these obstacles. MyBTC and QuickBT are two other service providers where you can buy Bitcoins. What’s interesting is that there is a network that consists of Bitcoin ATMs across Canada. Feel free to use them if you don’t mind physical transactions.
When selecting a place to buy Bitcoin, be it in Canada or anywhere else, it is vital to check their customer support services. It’s ideal to find an exchange or any other provider that provides 24/7 support for its customers. The price of Bitcoin can change rapidly and you want to know what’s going on with your transaction at any moment. This is possible with good customer support. Also, remember that these exchanges have certain fees and if you like to avoid them, you can use sites like localbitcoins where you can actually see the seller in person and buy bitcoins directly without any fees.