Buying and selling bitcoins is legal in Canada. In fact, thousands of Canadians are already conducting such transactions on a daily basis. The Bitcoin frenzy is still on and if you want to try this form of investment on your own, you are probably wondering how and where you can buy bitcoins. Besides the chance to buy Bitcoin from ATMs across Canada, you can also use some popular exchanges and other options found online.
CEX.IO is Bitcoin exchange that exists for over 4 years now. It is based in the United Kingdom, but it has a huge number of Canadian members. This Bitcoin exchange offers services around the globe. In order to buy some bitcoins, you should link the credit card to the account and buy as many bitcoins as you want. This is an exchange with a very simple interface, perfect for beginners in this field.
At Coinmama, Canadians and people from other countries can buy both bitcoins and Ethereum. It is possible to buy bitcoins with a credit card or a debit card. Remember that this platform doesn’t have its own wallet, but they recommend creating one on Blockchain.info. You can use this wallet to store Bitcoin and Ethereum. Just like CEX.IO, this platform has a user-friendly interface.
Quadriga Coin Exchange
Even though this is not one of the oldest Bitcoin exchanges out there, Quadriga is among the most used platforms of this kind today. With Quadriga Coin Exchange, you can buy and sell bitcoins in Canadian dollars. In case you verify your account, you will get a chance for instant funding. Besides Bitcoin, you can use this website to trade Litecoin, Bitcoin Cash, and few other cryptocurrencies.
Coinbase is probably the oldest bitcoin exchange in the world. As expected, this popular website allows Canadian citizens to buy and sell bitcoins as well as many other cryptocurrencies. The only downside of using Coinbase is the relatively high charges. It also comes with purchase limits. In other words, big investors won’t find it useful.
These are some of the many places where you can buy Bitcoin when you are in Canada. Once again, we would like to mention that it is possible to buy bitcoins on ATMs in Canada, but many of them have high fees. Of course, these ATMs come with certain limits too.