Where to buy Bitcoins in Canada?

One of the biggest challenges I have been having in the past few months is buying Bitcoins in Canada. Numerous places to buy Bitcoin but the main challenge is the best price, lowest fees, and time.

1. QuadrigaCX

Pros

  • Very low fees for Interac Online Instant Funding only 1.5% and is Instant.
  • Canadian based
  • Withdrawal fee is waived.
  • Interac e-Transfer 2% + 5$ CAD and is available next business days.
  • Bitcoin is available Instant.

Cons

  • The wait time of getting verified is ridiculous. Almost 3 weeks backlog.
  • Charge 0.5% Trading Fee.

Click here to sign up to QuadrigaCX

2. Coinsquare

Pros

  • Low Trading fees starting at 0.01%
  • Quick Verification
  • Canadian based.
  • Accept Flexepin.

Cons

  • High fee of 3.5% for Interact Online Instant Funding.
  • Hold of 72hours before Bitcoin can be withdrawn to another exchange.
  • High fee of 5% for E-Transfer deposit.
  • High fee of Withdrawal to bank

Click here to sign up to CoinSquare

3. LocalBitCoins

Pros

  • Find multiple Canadian Sellers.
  • Can also meet up and exchange Bitcoin for Cash.
  • Bitcoin available Instantly.
  • Accept multiple payment options including Paypal.

Cons

  • High fees compared to other exchanges.
  • Hard to trust people.

Click here to sign up to LocalBitCoins

4. Additional Sources to buy Bitcoins

  • MyBTC.Ca — Fees are extremely high. Limited Funding.
  • Quickbt.com/ca/ — Fees are extremely high as well. Limited funding.
  • localcoinatm.com — Instant Bitcoins and can pay with Cash but high fees.

Conclusion

  • The best solution for Canadian is QuadrigaCX once you get verified.
  • If you need BTC ASAP and need to send to another exchange and are fine with paying higher Fee then use Localbitcoins.
  • If you need BTC or any other Altcoin that CoinSquare supports are not looking to transfer to another exchange then go with CoinSquare.

If you are looking to buy Altcoins then I highly suggest Binance that is where I am holding all my Altcoins: Quantstamp, PowerLedger, Miota, Modum, ARK, Waltoncoin, OMG, NEO, Raiden Network Token, Bitcoin Cash, and Ethereum.

Also be sure to join Telegram group https://t.me/thecryptohustlerteam

*please note I have used my Affiliate link within some links

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