Crypto’s appeal is global and buying crypto in Canada doesn’t differ much from doing so in other parts of the world that have legalized it. Investors can choose from numerous platforms, apps and exchanges to buy digital assets like Bitcoin and other cryptocurrencies. However, many of these options require users to provide personal details to complete the Know Your Customer (KYC) process. This isn’t ideal for those seeking maximum privacy. How to Buy Bitcoin Canada.

Instead, more sophisticated investors may choose to invest directly in non-custodial digital wallets, such as Best Wallet or Bull Bitcoin, that can help them purchase Bitcoin without exposing their identity. Such services typically transfer purchased Bitcoin directly to the user’s private wallet. Moreover, they also offer a range of other blockchain-based services, such as multi-cryptocurrency trading, and are accessible from mobile, web and hardware wallets.

How to Buy Bitcoin in Canada: A Simple Guide

To make it easy for Canadians to buy crypto, some platforms allow users to fund their accounts through Interac e-transfer. Some even let users connect their bank account or card for more direct fiat purchases. The most popular of these platforms include Bitbuy and Coinsquare, which are FINTRAC registered as Money Service Businesses and follow industry best practices.

Another option is to use a cryptocurrency exchange, such as Bitbuy Canada, which has been around since 2016. It’s known for its high liquidity, low fees and security measures. Its offline cold storage policy and comprehensive insurance with BitGo ensure the safety of user funds. In addition, it follows a strict regulatory framework with FINTRAC and the Ontario Securities Commission.