You have 3 options when it comes to purchasing bitcoins.  You can either buy them from a brokerage platform, an exchange or individual sellers through an online marketplace.

Brokerage platform MyBTC.ca gives consumers the opportunity to buy Bitcoin in seconds with Interac Online, Flexepin Vouchers or prepaid non-reloadable credit cards without having to undergo ID verification.

Interac Online is where you use your bank card/account to instantly debit funds online for your payment. It’s only compatible with RBC, BMO, TD, Scotia and participating credit union bank cards without a Visa or MasterCard logo on them.  The minimum amount per order is $20 and the daily maximum is $500.

If your client card or bank is not compatible with Interac Online the next best option is to purchase a Flexepin voucher which can by redeemed on MyBTC.ca for Bitcoin.  Flexepin vouchers can be purchased online with debit, including Visa/MasterCard Debit, or in-store with with cash or debit.  Vouchers bought in-store are issued from the retailer’s main POS Debit Terminal which also issues phone talk/text top-ups for Rogers, Telus, Bell and Chatr. Ask the cashier to select from F-L, Flexepin will be the first option. Retail Locations: https://mybtc.ca/flexepin-voucher-purchase-locations

To Buy Online visit here: http://mybtc.flexepin.com/

If you prefer an option other than Interac Online or Flexepin then you can always purchase a pre-paid non-reloadable credit card and buy your Bitcoin with it on MyBTC.ca instead.

How does it work? On the “Buy Bitcoin” page of www.MyBTC.ca you enter the exact amount of Bitcoin you want to buy or the dollar amount that you would like to process your transaction for. You are then prompted to enter a Bitcoin wallet address you want to send the Bitcoin to followed by your phone number for mobile PIN verification. Once verified, simply follow the steps the site guides you through and then press “Pay”, which will then process your payment and send your Bitcoin. It’s that easy! www.MyBTC.ca

 

 

 

If you are looking for a Canadian exchange QuadrigaCX is the leading and most respected exchange in the country.  They operate just like a stock exchange but facilitate “buy” and “sell” orders for bitcoin trades and merchant transactions – trading with other crypto-currencies likely to be added in the coming future.

Since QuadrigaCX is the most trusted and has the highest trading volume, it’s truly the best place for both newbies and seasoned investors to start.  Additionally, they are also one of the only bitcoin exchanges in the world to offer you quick and easy withdrawals with Interac e-Transfer and instant funding with Interac Online.

You can get started with a FREE QuadrigaCX account today, simply click the branding logo below.

QuadrigaCX Bitcoin Exchange

For those of you that would rather buy bitcoin directly from another person, you should try LocalBitcoins.com. They are a global marketplace that allow you to buy from sellers, locally, with a variety of payment methods that include cash in person, Interac e-Transfers, Western Union, PayPal and many others, all on LocalBitcoins.com.

To protect you against fraud and provide peace-of-mind when conducting an online transaction, LocalBitcoins.com uses escrow to take the bitcoins you have reserved from the seller’s account and hold on to them until the seller releases.  If you have in fact paid and the seller does not release for some reason, you can file a dispute and LocalBitcoins will resolve it for you.  So hang on to your receipt!

LocalBitcoins.com is the best service to use for those who want bitcoins almost instantly.  Follow image below to get your FREE account.

 

6 comments

  • We are looking to buy bitcoins and offer bitcoins on edmontonkratom.com. How do we start?

    • The ideal place to buy bitcoins in Canada is through Canadian Virtual Exchange. For guidance, please see the details at the top page. With respect to accepting bitcoins on EdmontonKratom.com you can also use CaVirtex to set up a merchant account which will arm you with a widget to feature on your website. Steven Chung is the Sales Executive for Merchant Services.

  • Evan Farah says:

    Add more exchanges, Canadians have a lot more options than listed; Vault of Satoshi is set in Brantford and QuickBT is great for small purchases.

    • BuyingBitcoin.ca says:

      Thanks for your idea. We will be updating our “Exchanges” page and will include those other options for Canadians. Thanks again!

  • I am trying to buy Bitcoin with a credit card. Is that possible?

Leave a Reply

Your email address will not be published. Required fields are marked *