Kraken is more than just a Bitcoin trading platform. Come see why our cryptocurrency exchange is the best place to buy, sell, trade and learn about crypto. The most secure trading platform Coinsquare's platform is % proprietary. We are SSL and 2FA enabled, with a 95% cold storage policy on all digital currencies, and we run multiple encrypted and . Coinsquare is Canada's largest crypto and Bitcoin exchange. It allows users to buy and sell Bitcoin, Ethereum, Litecoin and other coins in Canada. Customers can buy and sell bitcoin and ether using Interac e-Transfers, bank transfers and SWIFT. We may .
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Buy the Bitcoin and withdraw it to a secure wallet. Flexepin is another option for Canadians who want to buy Bitcoin fast. Flexepin sells vouchers with unique pin codes that can be entered on many online services, to fund accounts or make purchases. Since these vouchers can be bought at retail stores, they are great for users looking to use cash or not get hit with huge credit card cash advance fees.
Flexepin vouchers can be bought across Canada at thousands of locations. In order to find the nearest store location to you, please check this online store finder here.
Once you have a voucher, Bitbuy is a trusted exchange that will accept your voucher. Flexepin will fund your account instantly, and you will be able to buy bitcoin in less than one hour in many instances when using this method. This means you will be paying high fees from your credit card company, not to mention the high fees charged by exchanges. To buy Bitcoin in Canada with a credit card, complete the following:. Fund your account with credit card following the instructions on the site.
For users that want to buy their Bitcoin using cash and stay anonymous, this is one of the best options, but it comes at a price. There are hundreds of Bitcoin ATMs that are located all across the country and you have likely already seen one at a mall or convenience store. I guess we like our Bitcoin here in the great white north. Much like Bitcoin Craigslist or even Kijiji, a P2P network is an online marketplace that allows two users to make a transaction with no middle man helping to facilitate the transaction.
The most popular P2P network to purchase Bitcoin i s Localbitcoins. For each transaction that is conducted, Localbitcoin.
If you want to buy Bitcoin on Localbitcoins. Register an account on their site which will give you a secure online bitcoin wallet. Choose to engage an advertisement from a trader with a good reputation and track record. An OTC trade is private trade between two parties, without the supervision of an exchange. For a more in-depth look at what OTC entails, refer to this article.
Slippage for Bitcoin transactions occurs when the amount of Bitcoin you are buying exceeds the amount available at the live quoted price. So in essence, buying large amounts of Bitcoin through an OTC provider helps the buyer save money by protecting them from slippage. This effectively helps individuals and corporations in securing desirable prices for their orders.
If you want to buy Bitcoin using am OTC provider we have outlined the steps below:. This can be accomplished by scanning and uploading one of your several personal documents. This can be a huge turn off for some, so keep it in mind. There are only two Bitcoin exchanges that comply with these rules, and Coinberry is one of them.
They've also completed an accounting audit successfully last year. Since Coinberry is trying to function as a proper money service, they have higher security standards than most Bitcoin exchanges not only in Canada but in the whole of North America. They have both a customer and a company fund for fiat currencies, plus they provide cold storage and 2-factor authentication as well. Since many people like to cut the chase and only see the positive and negative aspects of a crypto exchange, here we are.
We've compiled a shortlist of Coinberry pros and cons you can use it when comparing it to other crypto exchanges. Coinberry is a serious company that runs a good, beginner-friendly operation. You should definitely try their platform out if you're from Canada. On the other hand, you should possibly look for something else if you're living outside of the Great White North. Although not many people have heard of Bitbuy, they're definitely worth your time and consideration. The company was originally founded seven years ago by Adam Goldman and Ademar Gonzalez.
They are one of the oldest crypto exchanges in Canada, so you know you can trust them. For almost five years, they worked with only a small number of users, but then, they decided to expand their operations. In , after the company receives additional funding from a PEF, Ademar left the board. He was soon replaced by Chris Ragobeer , who worked as a mobile developer and an IT project manager. It's also worth mentioning that the company is a part of the First Ledger Corp.
As a company, Bitbuy is fully transparent about their operations and actions. So much so that they've provided a link to a report about their operations, conducted by Cipher Blade. The aforementioned company provides blockchain forensics services and analyzes crypto-related business and here are their biggest findings of Bitbuy:.
Fiat Currency Holdings: Bank reports were recovered, checked, and verified by international banks. The statements were all correctly filled in the Bitbuy system. Cryptocurrency Holdings: The number of assets and coin holders matched the one Bitbuy reported. Customer assets match those in Bitbuy's system. Staff and Operators: Every worker in the company had their personal records checked. The company discovered that none of them had any criminal activities on their records.
Like many other medium-size exchanges in the industry, Bitbuy. They will probably expand their offering in the near future, but for now, these five coins are it. The small offering gives you an insight into what's Bitbuy. You can always connect your Bitbuy account with another exchange and use it to buy other coins. Although Bitbuy fees are slightly above the market average, the company makes up for with lower withdrawal and deposit fees.
When it's all added up, the fees are quite average. Let's take a look at the standard Bitbuy. Furthermore, if you're looking to combine express trade with e-transfer, the exchange rate is 2. You can check their fees in more detail by visiting this page here. When it comes to customer support, Bitbuy operatives are surprisingly efficient.
While many larger and well-known names in the crypto industry will have you waiting for hours and hours for a response to a simple inquiry, Bitbuy answers almost immediately. This shows that they value their customers and want to take care of them to the best of their abilities. There's a support hotline, which allows you to talk a Bitbuy representative in a matter of minutes.
People who have something to ask urgently should use this channel. You also have email support available. They answer emails in less than 12 hours and you can expect their answer on the same day. You can check Reddit to see just how many people are satisfied with their experience. There's no point in using an exchange if you're not sure whether or not it can keep your investment safe.
Hackers and cyber thieves are possibly the biggest enemies of the crypto industry. They will keep a majority of your coins in cold storage, which will keep your assets in a locked environment, away from all of those cybercriminals. The company also performs data backups on a daily basis, which makes your assets safe in case of a DDoS attack.
Seeing how most people like to have all of the necessary information in one place, we've made a list of both positive and negative aspects of Bitbuy. Just take a look at these lists and compare the exchange to others if you're not sure which platform to pick. In such a competitive market, can such a modest company attract the interest of your average crypto user?
In our opinion, it can. The company does what it advertises: gives you a simple way of exchanging your coins into Canadian dollars, and vice versa. The organization is caring for their clients, their communication is top-notch, plus their verification process is extremely quick.
Bitbuy is also safe and while their fees aren't anything to write about, they still fall in line with the rest of the market. We hope that you found our review interesting and informative. What's the best crypto exchange in your opinion? If you have any additional questions about Bitbuy. Disclaimer: Buy Bitcoin Worldwide is not offering, promoting, or encouraging the purchase, sale, or trade of any security or commodity.
Buy Bitcoin Worldwide is for educational purposes only. Every visitor to Buy Bitcoin Worldwide should consult a professional financial advisor before engaging in such practices.
Buy Bitcoin Worldwide, nor any of its owners, employees or agents, are licensed broker-dealers, investment advisors, or hold any relevant distinction or title with respect to investing.
Buy Bitcoin Worldwide does not promote, facilitate or engage in futures, options contracts or any other form of derivatives trading. Buy Bitcoin Worldwide does not offer legal advice. Any such advice should be sought independently of visiting Buy Bitcoin Worldwide. Only a legal professional can offer legal advice and Buy Bitcoin Worldwide offers no such advice with respect to the contents of its website. Buy Bitcoin Worldwide receives compensation with respect to its referrals for out-bound crypto exchanges and crypto wallet websites.
Bitbuy Popular. Ease of Use. Netcoins Popular. Satstreet Popular. CoinSmart Popular. Apart from basic personal information such as full name, address, and telephone number, most KYC checks ask for a utility bill to prove your place of residence and a copy of a government-issued ID. The opinions among traders are divided regarding this regulation.
Some of them approve this type of identity verification because they believe it enhances the level of security on the platform. Others feel like it goes against the core philosophy behind cryptocurrencies — more user privacy. There are some limits that you should keep in mind as well. Moreover, Binance and Kucoin both offer the option to make crypto to crypto trades and stay anonymous.
The catch is that you can only withdraw 2 BTC per day. Next, you can use popular exchanges like Coinbase or Coinmama that let their users pay with a credit or debit card almost instantaneously.
However, you should be aware that this convenient service incurs higher fees. Another option is to choose peer to peer exchanges such as LocalBitcoins or Paxful mentioned in the previous section. Browsing their websites, you can find sellers that either accept cards as a payment method or would agree to meet with you in person so that you pay them in cash.
In this case, make sure you meet at some crowded public place for your safety. Finally, exchanges such as Bitit offer yet another option of purchasing Bitcoin using a prepaid voucher e.
Flexepin or Neosurf. The main reason for this decision is the fact that the number of online thefts and hacking attacks is continually on the rise. This means that instead of providing digital wallets where users can keep the private keys to their wallet addresses, these exchanges let the users choose a secure digital wallet or hardware device of their own preference.
Those of you who already use some kind of digital wallet or those who have invested in a hardware wallet and are satisfied with its performance, we suggest turning to Coinmama as one of the best non-custodial exchanges. The platform is registered with the American financial regulator FinCEN and complies with its policies. On the other hand, decentralized exchanges simply connect buyers and sellers through the use of blockchain technology and let them carry out the deal themselves.
Instead of escrow services, here, the parties are involved in smart contracts or atomic swaps. The irreversible and impenetrable nature of the technology itself makes them even more secure than centralized exchanges.
Other well-known decentralized exchanges that we recommend are the Ethereum-based Ox and Airswap protocols. Their target cryptos are the ERC tokens. The best cryptocurrency exchange in Canada is Bitbuy.
You can choose to pay via Interac eTransfer, Flexpin voucher, or bank wire. Bitbuy has some of the most competitive fees in the industry. The Cryptohead team has done extensive research on the security level of each one of the popular Canadian crypto exchanges. Both Bitbuy and NDAX separate customer funds from operational funds and keep the majority of them in cold storage.
In recent years, Canada has become more crypto-friendly and continues to find new ways to include blockchain technology across various industries. Moreover, the country is even looking into the benefits of issuing its own digital currency. Cryptocurrency exchanges are the best platforms for buying crypto in Canada. You can choose a fiat to crypto exchange if you plan on buying cryptos with fiat currencies. Based on the current demand and the potential for future growth, the Cryptohead team believes that the best cryptocurrencies to invest in are Bitcoin, Litecoin, and Ripple.
Bitcoin has always had the highest investment value among cryptos. Its reputation as the most popular coin has made sure Bitcoin enjoys high liquidity and trading volumes which brings even more traders to the Bitcoin market.
Litecoin is an affordable cryptocurrency with enormous potential. Ripple is the third cryptocurrency by market capitalization. Its network and underlying technology have brought groundbreaking solutions to the way we make cross-border payments. Coinbase has never been hacked which comes as no surprise when you learn about its state-of-the-art security measures. The company secures all sensitive data personal information, wallet addresses, and private keys with AES SSL encryption.
Coinbase applies its own digital coin framework on new cryptocurrencies. Users are advised to activate the 2FA method, withdrawal address whitelist, and use the secure Coinbase vault for their funds. Bitbuy charges reasonable fees as well, from 0. Bitbuy is the most trusted and respectable Bitcoin exchange in Canada. The platform decided to focus solely on the Canadian crypto market so its trading volumes all come from local traders. What makes Bitbuy the number one Bitcoin marketplace is the range of payment methods that appeal to a versatile clientele.
Binance and Coinbase are the two largest cryptocurrency exchanges based on daily trading volumes. Both platforms support the most popular cryptocurrencies but only Binance includes lesser-known altcoins to its list. James is the main editor. With a passion for finance and anything blockchain, cryptocurrency is right up his alley.
He's responsible for most of the content on the site, trying his best to keep everything up to date and as informative as possible. Last Updated on December 9, There are a large number of Cryptocurrency exchanges popping up these days, so which should you be using? Our rating is based on factors such as ease of use, fees, trading features and support. Featured On. James Crypto Head. Canada Cryptocurrency Exchange Reviews As a bonus, they even offer merchants a way to accept crypto for purchases with Coinberry Pay.
NDAX 3. Binance Exchange 3. Coinsmart Exchange 3. Shakepay 2. BitTrex Exchange 2. What Are Cryptocurrency Exchanges? Here is a little insight: Peer to Peer vs Traditional Peer to peer and traditional are two different types of currency exchanges you might encounter during your search for the right exchanges in Canada. Features to Look Out for When Choosing an Exchange Now that you know a little bit about the two main types of exchanges you will encounter during your time trading with cryptocurrency from Canada, the next step is to start looking at specific exchanges.
The Cheapest Cryptocurrency Exchanges The cheapest crypto exchange is not always the one with the lowest transaction fees. The Largest Cryptocurrency Exchanges The way in which researchers estimate whether an exchange is large enough or not is by taking into account its trading volume. The Most Popular Cryptocurrency Exchanges Typically, the largest cryptocurrency exchanges are the most popular ones as well.
The Best Cryptocurrency Trading Platforms How do we distinguish between a regular crypto exchange and a sophisticated trading platform? The Safest Cryptocurrency Exchanges The safest cryptocurrency exchanges are the ones that invest in both platform and account security. Frequently Asked Questions.
Which Crypto Exchange Is Best? What Are the Safest Cryptocurrency Exchanges?