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Use our guide to find all supported exchanges and bitcoin ATMs within Canada quickly and efficiently. Download it now.
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HOW TO BUY BITCOIN IN CANADA
2 Presented by: Smart Bitcoin Investments We Want To Teach The World How To Invest In Cryptocurrency Author: Jeffrey Ito www.smartbitcoininvestments.com 2021 Lithium Gold Ventures, LLC All Rights Reserved.
3 Table Of Contents Table Of Contents 3 How To Buy And Sell Bitcoin In Canada How And Where Can Bitcoin Be Purchased In Canada? 1. Buying Bitcoin Directly From A Crypto Broker 2. Buying Bitcoin Directly From An Online Trading Platform Wealth Simple Crypto CoinSmart National Digital Asset Exchange (NDAX) 3. Buying Bitcoin From A Cryptocurrency Exchange 4. Buying Bitcoin At A Bitcoin ATM 5. Buying Bitcoin Through Peer-To-Peer (P2P) Or Over-The-Counter (OTC) Over-The-Counter In Conclusion 5 5 5 6 6 7 7 8 8 9 9 9 Alberta Cities In Alberta 10 11 British Columbia Cities In British Columbia 12 13 Manitoba Cities In Manitoba 15 16 New Brunswick Cities In New Brunswick 17 18 Newfoundland and Labrador Cities In Newfoundland and Labrador 19 20 Northwest Territories 21 Nova Scotia Cities In Nova Scotia 22 23 Nunavut 24 Ontario Cities In Ontario 25 26
4 Prince Edward Island Cities In Prince Edward Island 28 29 Quebec Cities In Quebec 30 31 Saskatchewan Cities In Saskatchewan 32 33 Yukon 34
5 How To Buy And Sell Bitcoin In Canada A well-known cryptocurrency around the world is Bitcoin. It is one of the strong rivals of fiat money. Fiat money, like the Canadian dollar, is used for day-to-day transactions such as buying and selling. It has no intrinsic value other than the fact that the government legalizes it. Apart from Bitcoin, other cryptos similar to fiat currencies and legally accepted are Litecoin, XRP, Ethereum, Bitcoin Cash (BCH), and Binance Coin (BNB), and so on. The intrinsic value of these coins is linked to their worth. How And Where Can Bitcoin Be Purchased In Canada? There are many ways in which Bitcoin can be purchased in Canada. Some of the ways are: ● Buying Bitcoin directly from a crypto Broker ● Buying Bitcoin directly from an online trading platform ● Buying Bitcoin from a cryptocurrency exchange ● Buying Bitcoin at a Bitcoin ATM ● Buying Bitcoin through peer-to-peer (P2P) or Over-the-Counter (OTC) 1. Buying Bitcoin Directly From A Crypto Broker An example of buying Bitcoin directly from a crypto Broker in Canada is Coinbase Coinbase is a well-known crypto brokerage platform located in the United States and 102 countries, including Canada. Most Bitcoin and other coins are kept in a cold storage wallet, which helps secure the wallet's coins. Funding can be done by credit/debit cards, wire transfer, direct bank account, and other cryptos. Some of the features of Coinbase are: ● Low exchange fees ● Charting tools ● Advanced options
6 2. Buying Bitcoin Directly From An Online Trading Platform Here are some of the best online trading platforms where Bitcoin can directly be purchased in Canada. Wealth Simple Crypto Wealth simple crypto is the first authorized trading platform in Canada. The trading platform was legally authorized by the Canadian Securities Administrators (CSA). Wealth simple crypto is a simple ad safe platform to directly buy and sell Bitcoin and other cryptos such as Ethereum (ETH). The user experience (UX) is specially optimized for new users trading crypto for the first time. You will be able to trade crypto through the wealth simple crypto application after registering and signing up for a wealth simple account. Wealth simple crypto platform performs similar functions as a broker. This platform connects you to a market maker who offers a considerable price every time you place an order to buy or sell Bitcoin. Your Bitcoin is then held by a Gemini, also known as a Regulated Custodian, which stores your Bitcoin in a secure place. Is wealth simple crypto secure? Generally, trading any crypto is very risky. The Wealth simple platform crypto platform is well-known as a restricted dealer in Canada except Quebec, where it is known as a derivative dealer. Thus, wealth simple is a secure trading platform. Some of the advantages of using wealth simple crypto are: ● You can easily and quickly create an account within a few minutes ● There are no account limits ● No extra transaction fee is required ● The owners of wealth simple crypto are reputable and reliable ● The application for this platform provides instant exchanges How to open an account with wealth simple crypto platform in Canada:
7 1. At first, you must not be less than 18 years old before you can be eligible to open an account. You also need to be a citizen or resident of Canada. 2. If you are just a new user, you need to confirm your ID with FINTRAC requirements. CoinSmart CoinSmart is a crypto trading platform that mainly provides crypto coins to the citizens of Canada. This platform is located in Toronto, Canada, and is one of the cryptocurrency platforms that allow Bitcoin to be purchased and sold with a credit/debit card. Is CoinSmart Secure? CoinSmart is one of the well-known platforms that use 2FA to protect the account of all users. A higher percentage of Bitcoins on the platform are stored in cold storage wallets. Thus, coin-smart is a secure trading platform. Some of the advantages of CoinSmart are: ● Verification of new users is speedy ● It allows funding with credit/debit card ● It offers Bitcoin and ten other coins. National Digital Asset Exchange (NDAX) NDAX is well-known as a platform that provides an exchange platform that is easy to trade crypto in Canada. It also offers a low transaction fee for crypto in Canada. NDAX is readily available on all devices, and all traders can use its charting tools to track all developments. Is NDAX secure? Just like coin-smart, NDAX also utilizes 2FA (2-Factor Authentication) to secure all accounts. Most of the coins are kept in cold storage wallets. Several authorized signatories are needed to transfer funds from the cold storage wallets. Thus, NDAX is a secure trading platform. Some of the advantages of NDAX are: ● It offers fast identity verification ● It has a low trading fee ● Their customer support is available 24/7
8 ● There is easy access to trading tools 3. Buying Bitcoin From A Cryptocurrency Exchange An example of buying Bitcoin from a cryptocurrency exchange is BITBUY. BITBUY is one of the high-ranking crypto trades in Canada. It offers the buying and selling of Bitcoin and some other coins in Canada. It has a special app that is available on iOS and android. You can also get a $20 bonus when you create an account and deposit a total amount of $250 and above. Is BITBUY secure? Just like NDAX and Coin Smart, BITBUY uses 2FA and SSL-Encryption to protect all accounts. BIT-BUY is also linked to FINTRAC as a money business, and most of its Bitcoins are stored in cold storage wallets. Thus, BITBUY is also a secure trading platform. Some of the advantages of using BITBUY are: ● It offers fast and instant verification when signing-up ● It provides several coins storage ● It offers several trading platforms such as advanced trading tools and mobile. 4. Buying Bitcoin At A Bitcoin ATM Bitcoin ATM is a vending machine, which serves the purpose of buying and selling cryptocurrency. This machine operates as a place where Bitcoin can easily be purchased. To use a Bitcoin ATM, you need to acquire a Bitcoin address that serves as a location where your Bitcoin will be sent to. There are currently 890 Bitcoin ATMs in Canada. The transaction fees charged by Bitcoin ATMs are relatively higher than the fees charged on an exchange.
9 5. Buying Bitcoin Through Peer-To-Peer (P2P) Or Over-The-Counter (OTC) A peer-to-peer Bitcoin uses an order book to match buyers and sellers. To buy Bitcoin from the P2P platform, Buyers need to input their exchange preferences such as the method of payment, location, fiat currency, and so on, and then check through a lot of available offers. Each offer varies concerning payment methods, the limit of the offer, prices, and so on. It depends on the choice of the buyer when choosing the most suitable recommendation. After the buyer accepts the offer and then sends the payment, the seller will check and confirm it. After the confirmation of payment, the seller will send the Bitcoin from escrow. Some of the advantages of P2P are: ● It offers several methods of payment ● It has a low transaction fee ● It is cost-efficient ● It does not require the linkage of bank accounts to the P2P account of users ● It has a robust security protocol. Over-The-Counter OTC is based on brokers who transact directly with both buyers and sellers. To trade on OTC, you need first to get an OTC broker and let them know you want to buy or sell Bitcoin. After getting a qualified broker, the next thing to do is negotiate the price for the number of coins you want to buy. After the buyer has made payment, the seller will then transfer the total amount of the coin to the buyer's account. In Conclusion Bitcoin is generally legalized in Canada, and it is also easy to buy and sell Bitcoin from different Bitcoin trading platforms. Canada is a well-known country that does not use only Fiat currency for their day to day activity. Most of the Brokers and ATMs accepting Bitcoin are established in populated locations.
10 Alberta Province Alberta Abbreviation AB Capital Edmonton Total Number of Bitcoin ATMs 214 https://www.smartbitcoininvestments.com/buy-bitcoin-in-alberta/ Webpage
11 Cities In Alberta # of Bitcoin ATMs City Page Banff https://www.smartbitcoininvestments.com/buy-bitcoin-in-banff/ 1 Calgary https://www.smartbitcoininvestments.com/buy-bitcoin-in-calgary-alberta/ 107 Didsbury https://www.smartbitcoininvestments.com/buy-bitcoin-in-didsbury/ 1 https://www.smartbitcoininvestments.com/buy-bitcoin-in-edmonton-albert a/ Edmonton 86 Fort McMurray https://www.smartbitcoininvestments.com/buy-bitcoin-in-fort-mcmurray-al berta/ 2 Fort McMurray https://www.smartbitcoininvestments.com/buy-bitcoin-in-fort-mcmurray/ 2 Grande Prairie https://www.smartbitcoininvestments.com/buy-bitcoin-in-grande-prairie-al berta/ 3 https://www.smartbitcoininvestments.com/buy-bitcoin-in-lethbridge-albert a/ Lethbridge 5 Medicine Hat https://www.smartbitcoininvestments.com/buy-bitcoin-in-medicine-hat-alb erta/ 3 Red Deer https://www.smartbitcoininvestments.com/buy-bitcoin-in-red-deer-alberta/ 1 Sherwood Park https://www.smartbitcoininvestments.com/buy-bitcoin-in-sherwood-park/ 1 St. Albert https://www.smartbitcoininvestments.com/buy-bitcoin-in-st-albert-alberta/ 0 Vermilion https://www.smartbitcoininvestments.com/buy-bitcoin-in-vermilion/ 2
12 British Columbia Province British Columbia Abbreviation BC Capital Victoria Total Number of Bitcoin ATMs 199 Webpage https://www.smartbitcoininvestments.com/buy-bitcoin-in-british-colu mbia/
13 Cities In British Columbia # of Bitcoin ATMs City Page https://www.smartbitcoininvestments.com/buy-bitcoin-in-abbotsford-britis h-columbia/ Abbotsford 1 https://www.smartbitcoininvestments.com/buy-bitcoin-in-anmore-british- columbia/ Anmore 0 https://www.smartbitcoininvestments.com/buy-bitcoin-in-burnaby-british- columbia/ Burnaby 0 https://www.smartbitcoininvestments.com/buy-bitcoin-in-chilliwack-britis h-columbia/ Chilliwack 1 https://www.smartbitcoininvestments.com/buy-bitcoin-in-coquitlam-britis h-columbia/ Coquitlam 1 Dawson Creek https://www.smartbitcoininvestments.com/buy-bitcoin-in-dawson-creek/ 1 https://www.smartbitcoininvestments.com/buy-bitcoin-in-delta-british-col umbia/ Delta 0 Duncan https://www.smartbitcoininvestments.com/buy-bitcoin-in-duncan/ 1 https://www.smartbitcoininvestments.com/buy-bitcoin-in-kamloops-britis h-columbia/ Kamloops 6 https://www.smartbitcoininvestments.com/buy-bitcoin-in-kelowna-british- columbia/ Kelowna 18 Kitimat https://www.smartbitcoininvestments.com/buy-bitcoin-in-kitimat/ 1 Maple Ridge https://www.smartbitcoininvestments.com/buy-bitcoin-in-maple-ridge-brit ish-columbia/ 0 https://www.smartbitcoininvestments.com/buy-bitcoin-in-nanaimo-british- columbia/ Nanaimo 10 Nelson https://www.smartbitcoininvestments.com/buy-bitcoin-in-nelson/ 1 New Westminster https://www.smartbitcoininvestments.com/buy-bitcoin-in-new-westminste r-british-columbia/ 1 Port Coquitlam https://www.smartbitcoininvestments.com/buy-bitcoin-in-port-coquitlam/ 1 Prince George https://www.smartbitcoininvestments.com/buy-bitcoin-in-prince-george-b ritish-columbia/ 4 Prince Rupert https://www.smartbitcoininvestments.com/buy-bitcoin-in-prince-rupert/ 1 Quesnel https://www.smartbitcoininvestments.com/buy-bitcoin-in-quesnel/ 1
14 https://www.smartbitcoininvestments.com/buy-bitcoin-in-richmond-british -columbia/ Richmond 1 Salmon Arm https://www.smartbitcoininvestments.com/buy-bitcoin-in-salmon-arm/ 1 Smithers https://www.smartbitcoininvestments.com/buy-bitcoin-in-smithers/ 1 https://www.smartbitcoininvestments.com/buy-bitcoin-in-surrey-british-co lumbia/ Surrey 3 Trail https://www.smartbitcoininvestments.com/buy-bitcoin-in-trail/ 1 https://www.smartbitcoininvestments.com/buy-bitcoin-in-vancouver-britis h-columbia/ Vancouver 128 Vernon https://www.smartbitcoininvestments.com/buy-bitcoin-in-vernon/ 1 https://www.smartbitcoininvestments.com/buy-bitcoin-in-victoria-british-c olumbia/ Victoria 12 Whistler https://www.smartbitcoininvestments.com/buy-bitcoin-in-whistler/ 1 Williams Lake https://www.smartbitcoininvestments.com/buy-bitcoin-in-williams-lake/ 1
15 Manitoba Province Manitoba Abbreviation MB Capital Winnipeg Total Number of Bitcoin ATMs 68 https://www.smartbitcoininvestments.com/buy-bitcoin-in-manitoba/ Webpage
16 Cities In Manitoba # of Bitcoin ATMs City Page https://www.smartbitcoininvestments.com/buy-bitcoin-in-brandon-manito ba/ Brandon 6 https://www.smartbitcoininvestments.com/buy-bitcoin-in-winnipeg-manit oba/ Winnipeg 62
17 New Brunswick Province New Brunswick Abbreviation NB Capital Fredericton Total Number of Bitcoin ATMs 6 Webpage https://www.smartbitcoininvestments.com/buy-bitcoin-in-new-brunsw ick/
18 Cities In New Brunswick # of Bitcoin ATMs City Page https://www.smartbitcoininvestments.com/buy-bitcoin-in-fredericton-new -brunswick/ Fredericton 2 https://www.smartbitcoininvestments.com/buy-bitcoin-in-moncton-new-b runswick/ Moncton 2 https://www.smartbitcoininvestments.com/buy-bitcoin-in-saint-john-new- brunswick/ Saint John 2
19 Newfoundland and Labrador Province Newfoundland and Labrador Abbreviation NL Capital Fredericton Total Number of Bitcoin ATMs 4 Webpage https://www.smartbitcoininvestments.com/buy-bitcoin-in-newfoundla nd-and-labrador/
20 Cities In Newfoundland and Labrador # of Bitcoin ATMs City Page https://www.smartbitcoininvestments.com/buy-bitcoin-in-st-johns-newfou ndland-and-labrador/ St. Johns 4
21 Northwest Territories Province Northwest Territories Abbreviation NT Capital Yellowknife Total Number of Bitcoin ATMs 0 Webpage https://www.smartbitcoininvestments.com/buy-bitcoin-in-northwest-t erritories/
22 Nova Scotia Province Nova Scotia Abbreviation NS Capital Halifax Total Number of Bitcoin ATMs 16 https://www.smartbitcoininvestments.com/buy-bitcoin-in-nova-scotia/ Webpage
23 Cities In Nova Scotia # of Bitcoin ATMs City Page https://www.smartbitcoininvestments.com/buy-bitcoin-in-dartmouth-nova- scotia/ Dartmouth 6 https://www.smartbitcoininvestments.com/buy-bitcoin-in-halifax-nova-sco tia/ Halifax 9 https://www.smartbitcoininvestments.com/buy-bitcoin-in-sydney-nova-sc otia/ Sydney 0 Truro https://www.smartbitcoininvestments.com/buy-bitcoin-in-truro/ 1
24 Nunavut Province Nunavut Abbreviation NU Capital Iqaluit Total Number of Bitcoin ATMs 0 https://www.smartbitcoininvestments.com/buy-bitcoin-in-nunavut/ Webpage
25 Ontario Province Ontario Abbreviation ON Capital Toronto Total Number of Bitcoin ATMs 508 https://www.smartbitcoininvestments.com/buy-bitcoin-in-ontario/ Webpage
26 Cities In Ontario # of Bitcoin ATMs City Page Ajax https://www.smartbitcoininvestments.com/buy-bitcoin-in-ajax-ontario/ 0 Barrie https://www.smartbitcoininvestments.com/buy-bitcoin-in-barrie-ontario/ 1 https://www.smartbitcoininvestments.com/buy-bitcoin-in-belleville-ontari o/ Belleville 1 https://www.smartbitcoininvestments.com/buy-bitcoin-in-brampton-ontari o/ Brampton 2 https://www.smartbitcoininvestments.com/buy-bitcoin-in-brantford-ontari o/ Brantford 0 https://www.smartbitcoininvestments.com/buy-bitcoin-in-burlington-ontar io/ Burlington 1 https://www.smartbitcoininvestments.com/buy-bitcoin-in-cambridge-onta rio/ Cambridge 0 Chatham-Kent https://www.smartbitcoininvestments.com/buy-bitcoin-in-chatham-kent/ 4 Greater Sudbury https://www.smartbitcoininvestments.com/buy-bitcoin-in-greater-sudbury -ontario/ 4 Guelph https://www.smartbitcoininvestments.com/buy-bitcoin-in-guelph-ontario/ 1 https://www.smartbitcoininvestments.com/buy-bitcoin-in-hamilton-ontari o/ Hamilton 6 https://www.smartbitcoininvestments.com/buy-bitcoin-in-kingston-ontari o/ Kingston 3 https://www.smartbitcoininvestments.com/buy-bitcoin-in-kitchener-ontari o/ Kitchener 1 London https://www.smartbitcoininvestments.com/buy-bitcoin-in-london-ontario/ 19 https://www.smartbitcoininvestments.com/buy-bitcoin-in-longueuil-ontari o/ Longueuil 0 Markham https://www.smartbitcoininvestments.com/buy-bitcoin-in-markham-ontari o/ 0 Milton https://www.smartbitcoininvestments.com/buy-bitcoin-in-milton-ontario/ 0 Mississauga https://www.smartbitcoininvestments.com/buy-bitcoin-in-mississauga-on tario/ 1 https://www.smartbitcoininvestments.com/buy-bitcoin-in-newmarket-ont ario/ Newmarket 1 Niagara Falls https://www.smartbitcoininvestments.com/buy-bitcoin-in-niagara-falls-on 2
27 tario/ North Bay https://www.smartbitcoininvestments.com/buy-bitcoin-in-north-bay/ 1 Oakville https://www.smartbitcoininvestments.com/buy-bitcoin-in-oakville-ontario/ 0 Orillia https://www.smartbitcoininvestments.com/buy-bitcoin-in-orillia/ 1 https://www.smartbitcoininvestments.com/buy-bitcoin-in-oshawa-ontario / Oshawa 0 Ottawa https://www.smartbitcoininvestments.com/buy-bitcoin-in-ottawa-ontario/ 75 https://www.smartbitcoininvestments.com/buy-bitcoin-in-petersborough- ontario/ Petersborough 5 https://www.smartbitcoininvestments.com/buy-bitcoin-in-pickering-ontari o/ Pickering 0 https://www.smartbitcoininvestments.com/buy-bitcoin-in-richmond-hill-o ntario/ Richmond Hill 0 Sarnia https://www.smartbitcoininvestments.com/buy-bitcoin-in-sarnia-ontario/ 3 https://www.smartbitcoininvestments.com/buy-bitcoin-in-sault-ste-marie- ontario/ Sault Ste. Marie 1 https://www.smartbitcoininvestments.com/buy-bitcoin-in-st-catharines-o ntario/ St. Catharines 0 Sudbury https://www.smartbitcoininvestments.com/buy-bitcoin-in-sudbury/ 6 https://www.smartbitcoininvestments.com/buy-bitcoin-in-terrebonne-ont ario/ Terrebonne 0 https://www.smartbitcoininvestments.com/buy-bitcoin-in-thunder-bay-ont ario/ Thunder Bay 3 Toronto https://www.smartbitcoininvestments.com/buy-bitcoin-in-toronto-ontario/ 355 https://www.smartbitcoininvestments.com/buy-bitcoin-in-vaughan-ontari o/ Vaughan 0 https://www.smartbitcoininvestments.com/buy-bitcoin-in-waterloo-ontari o/ Waterloo 0 Welland https://www.smartbitcoininvestments.com/buy-bitcoin-in-welland/ 1 https://www.smartbitcoininvestments.com/buy-bitcoin-in-windsor-ontario / Windsor 9 Woodstock https://www.smartbitcoininvestments.com/buy-bitcoin-in-woodstock/ 1
28 Prince Edward Island Province Prince Edward Island Abbreviation PE Capital Charlottetown Total Number of Bitcoin ATMs 1 Webpage https://www.smartbitcoininvestments.com/buy-bitcoin-in-prince-edwa rd-island/
29 Cities In Prince Edward Island # of Bitcoin ATMs City Page https://www.smartbitcoininvestments.com/buy-bitcoin-in-charlottetown- prince-edward-island/ Charlottetown 1
30 Quebec Province Quebec Abbreviation QC Capital Quebec City Total Number of Bitcoin ATMs 133 https://www.smartbitcoininvestments.com/buy-bitcoin-in-quebec/ Webpage
31 Cities In Quebec # of Bitcoin ATMs City Page Chicoutimi https://www.smartbitcoininvestments.com/buy-bitcoin-in-chicoutimi/ 1 https://www.smartbitcoininvestments.com/buy-bitcoin-in-drummond ville-quebec/ Drummondville 0 https://www.smartbitcoininvestments.com/buy-bitcoin-in-gatineau-q uebec/ Gatineau 1 https://www.smartbitcoininvestments.com/buy-bitcoin-in-granby-que bec/ Granby 0 https://www.smartbitcoininvestments.com/buy-bitcoin-in-laval-queb ec/ Laval 0 https://www.smartbitcoininvestments.com/buy-bitcoin-in-levis-quebe c/ Lévis 0 https://www.smartbitcoininvestments.com/buy-bitcoin-in-montreal-q uebec/ Montreal 117 https://www.smartbitcoininvestments.com/buy-bitcoin-in-quebec-city -quebec/ Quebec City 11 https://www.smartbitcoininvestments.com/buy-bitcoin-in-repentigny- quebec/ Repentigny 0 https://www.smartbitcoininvestments.com/buy-bitcoin-in-saguenay- ontario/ Saguenay 0 Saint-Jean-sur-Ric helieu https://www.smartbitcoininvestments.com/buy-bitcoin-in-saint-jean- sur-richelieu-quebec/ 0 https://www.smartbitcoininvestments.com/buy-bitcoin-in-saint-jerom e-quebec/ Saint-Jérôme 0 https://www.smartbitcoininvestments.com/buy-bitcoin-in-sherbrooke -quebec/ Sherbrooke 0 https://www.smartbitcoininvestments.com/buy-bitcoin-in-trois-riviere s-quebec/ Trois-Rivières 2 https://www.smartbitcoininvestments.com/buy-bitcoin-in-victoriaville / Victoriaville 1
32 Saskatchewan Province Saskatchewan Abbreviation SK Capital Regina Total Number of Bitcoin ATMs 46 Webpage https://www.smartbitcoininvestments.com/buy-bitcoin-in-saskatchew an/
33 Cities In Saskatchewan # of Bitcoin ATMs City Page Prince Albert https://www.smartbitcoininvestments.com/buy-bitcoin-in-prince-albert/ 2 https://www.smartbitcoininvestments.com/buy-bitcoin-in-regina-saskatc hewan/ Regina 24 https://www.smartbitcoininvestments.com/buy-bitcoin-in-saskatoon-sas katchewan/ Saskatoon 18 Swift Current https://www.smartbitcoininvestments.com/buy-bitcoin-in-swift-current/ 1 Yorkton https://www.smartbitcoininvestments.com/buy-bitcoin-in-yorkton/ 1
34 Yukon Province Yukon Abbreviation YT Capital Whitehorse Total Number of Bitcoin ATMs 0 https://www.smartbitcoininvestments.com/buy-bitcoin-in-yukon/ Webpage