I’ll be honest. When I first started in crypto I was extremely skeptical of everything.
I wanted to get as much free Bitcoin and crypto as I could because I am cheap and I didn’t want to risk any of my money. Getting free bonuses made things feel less scary.
Based on the last few years of my experience in crypto here is what I would do again to get as much free Bitcoin as possible.
These apps and crypto exchange platforms offer Canadians staking of crypto assets:
The easiest way to fund/send money to Coinbase in Canada is with crypto. This means you need a Canadian crypto exchange to convert your loonies and toonies into Bitcoin.
Steps to Buy Bitcoin on Shakepay and Send it to Coinbase:
Is it possible to buy Bitcoin in Canada with PayPal?
NO.
Coinbase claims Canadians and makes fiat withdrawals to Paypal. I’ however have not been able to get this to work. And based on what I have read on Reddit and Twitter — not many other Canadians have got PayPal to work either.
Interac e-Transfer in Canada and using a Canadian exchange to convert dollars to crypto is the easiest, fastest, lowest fee way that works with the banks in Canada. Wire transfers for larger amounts.
Signup to Bitbuy and verify your account.
Toronto-based Bitbuy is a registered Money Service Business (MSB) in Canada under FINTRAC since 2016.
Canada’s first 1:1 insured Bitcoin offering platform. Bitbuy is the world’s first platform to find a way to keep the full value of its Bitcoin cold storage holdings insured. This is done in partnership with Montreal-based Bitcoin security firm Knox.
Bitbuy has not experienced any hacks and remains a highly safe, secure, and trusted cryptocurrency exchange.
Sign up to Newton and verify your account.
Choose from over 60 coins to buy, sell and trade on Newton.
Newton has low fees, is easy to use, and offers lots of altcoins to buy, sell and trade.
We rated Newton as the best all-around crypto exchange for Canadians.
If you have already signed up to Shakepay and just found out about the referral code bonus and the Shaking Sats rewards they offer — you can add a referral code 30 days after sign-up.
To add Shakepay referral code after sign up:
It may take up to 24 hours for the $5 referral bonus to be added to your account.
You need to deposit at least $100 to claim the bonus.
These prices and promos can change at any time
I want this post to show beginners a simple click-by-click, screen-by-screen what to expect, and some best practices to follow when buying Bitcoin on Shakepay and sending it to your wallet.
You can use any wallet you like, I just chose Exodus wallet randomly for this example.
Sending and receiving crypto transactions all work in a similar way on all exchanges and wallets: send to a receive address.
After you have sent and received a few cryptocurrency transactions it becomes as easy as sending and receiving text messages.
The steps in this guide are similar on all crypto exchanges and wallets. Get a $20 sign-up bonus when you sign up to Shakepay.
Netcoins – founded in 2014 is crypto exchange based in Vancouver, Canada that has the option to buy Bitcoin and few other cryptocurrencies with a credit card (Visa or Mastercard).
Get a $60 sign-up bonus once you trade $100 worth of crypto on Netcoins when you fund your account with dollars via Interac e-transfer, online bill payment or bank wire transfer.
All credit card transactions facilitated by Simplex will be higher fees than if you were to fund your account directly with Interac e-Transfer, online bill payment or bank wire transfer.
Buying Bitcoin with Interac eTransfer is the fastest, easiest, and lowest-fee way to instantly buy and sell Bitcoin, Ethereum, and crypto in Canada.
I have been buying, selling, and trading crypto in Canada for 5+ years. These recommendations are based on my personal experience.
All the images shown are screenshots from my personal crypto exchange accounts. Buy Bitcoin with e transfer in Canada to fund a crypto exchange and trade CAD for BTC, ETH, or more cryptocurrencies.
✅ TL;DR where to buy Bitcoin Interac eTransfer:
Newton – Best overall exchange
Shakepay – Easy to use exchange for beginner’s
Summary — Choosing between the two largely depends on individual preferences, trading experience, and the importance of a broad crypto selection versus user experience. I use both exchanges.
nooxli is a simple guide for beginners to get started with cryptocurrency in Canada. We also review and compare crypto exchanges and wallets.
© 2024, nooxli.com
Privacy Policy · Terms of Use · Editorial Integrity Policy · Affiliate Disclosure · GPDR Policy