Buying Bitcoin in Canada has Never Been Easier – The 3 Choices Everyone Keeps Secret

Buying Bitcoin in Canada

Are you interested in getting your hands on some bitcoins? Seeing as how big this cryptocurrency has gotten, we can’t really blame you for wanting to get in on the fun. Getting the coins can be a big challenge if you are a beginner and you don’t really know where to start, so to help you out we have put together three of our favorite place of where to buy bitcoin in Canada, so check out the list bellow and some of their pros and cons if you are interested.

Local Bitcoins

When you live in Canada and are interested in bitcoin, you are lucky enough to be able to use services like Local Bitcoins which will match you to other bitcoin buyer and sellers that are in your area. When using this service the payment is typically a cash deposit, but since you are working with just another regular person you can use another way of payment that you agree to. This is a very private, fast and easy process and there is no requirement for you to give out any of your own personal information. One of the things that you really need to be wary off are scammers, so make sure to always follow the rules set by the service.

QuadrigaCX

The second option on the list when speaking about where to buy bitcoin in Canada is QuadrigaCX which is an exchange that is based in Canada. All you have to do in order to buy bitcoins with this service is to go to Interac Online and you will be able to make a purchase online. The exchange is very easy to use, it is very fast and the exchange is also very trusted amongst users, so that’s something to think about. However, something else that you need to think about is the fact that the privacy is pretty low and the fees can get pretty high and that is something that you need to put into your calculations.

Bitcoin ATMs

Of course, another great perk from living in Canada is the fact that there are tons of bitcoin ATMs all over the country. All you have to do is use a Bitcoin ATM map and you will be able to see which one is nearest to you. This is a very quick and easy way to get bitcoins and it is by far one of the most privates ways as well, however that convenience comes with a price, in this case in the form of transaction fees that can go anywhere between 5 and 10%, and that is not a small amount so definitely calculate everything beforehand and see if you maybe have a better option that won’t charge as much for fees.

Every option is slightly different and every option has its own pros and cons. We hope that you have found this article helpful, but at the end of the day it is up to you to figure out what is right for you and if the pros will outweigh the cons.

2018-03-23T00:12:52+00:00