Buy Bitcoin and Altcoins in Canada
Buying bitcoin in Canada has never been quick and easy but the options for Canadians looking to get into crypto currency have been increasing every day around the country. Because banks in Canada make and change the rules whenever they want, anonymous bitcoin exchanges are preferred by many people. Although there is no law currently preventing buying bitcoin in Canada, many customers have had their accounts closed for transferring Canadian dollars to “digital gold” exchanges.
While Gemini, Coinsquare and Kraken are all available to Canadians and accept bank wires, the wires take forever and come with great fee’s that upset almost every customer. If you really want to hate buying bitcoin in Canada try Quadriga. A few weeks after wiring funds to Quadriga, they usually respond to emails confirming that funds your have arrived.
Best Exchanges for Canadians to Buy Bitcoin
Localbitcoins has hundreds of buyers and sellers with 1000+ bitcoin transactions in Toronto, Vancouver, Montreal, Winnipeg or North York. It is one of the top ways to buy bitcoin with interac transfers, paypal or cash.
Instant and anonymous bitcoin purchases are possible for below $500CAD using gift cards from companies like Apple, Amazon and Visa pre-paid. For the high rollers looking to to use Interac or make a bank transfer, there are also a few sellers.
Anonymous decentralized exchange that accepts Interac, bank wires and Western Union transfers for peer to peer bitcoin and altcoin buying and selling.
Best Exchanges to Buy and Sell Altcoins from Canada
Changelly offers browser based trades for hundreds of altcoins that are transferred within 10-15 minutes for bitcoin and altcoins. The fees are a bit higher than Binance but there are occasionally “new alts” that Changelly may carry that Binance hasn’t added yet.
Binance is the top trading platform in crypto currency for most altcoin traders. Depositing and trading altcoins is kept anonymous for anyone that deposits under 2 Bitcoin on the site. The security and history of their trading platform transferring funds easily are rarely matched.
Bitcoin ATM’s to Buy Bitcoin in Canada
With over 600 bitcoin ATM’s across Canada, it is one of the easiest countries to buy and sell bitcoin using ATM’s. With all the options available in Ontario, Vancouver, Quebec and even Prince Edward Island, bitcoin buyers and sellers definitely want to check the different fees from each location around them.
Toronto has over 200 Bitcoin ATM’s that impress us so much, we almost want to visit the city more than Montreal (96 ATM’s) but we really want to try poutine while buying bitcoin in Quebec. Alberta has almost 100 Bitcoin ATM’s with most of them in Calgary and Edmonton and only Saskatchewan and PEI appear “difficult” to find a “good” bitcoin ATM in Canada.
Online Gambling with Bitcoin in Canada
Since one of the few ways people actually use their bitcoin in Canada involve online gambling, it’s something we’ve followed for years. Much like the newest altcoins that launch are always somewhat suspicious and never as valuable as people claim, our Canada Crypto Gambling Guide covers the few trustworthy options available for bitcoin sports betting, casino and poker players.