The Bitcoin frenzy has reached Canada too. Thousands of Canadians are now wondering how they can buy Bitcoin in Canada. The good news is that Canada is not one of those countries that are doing their best to make their citizens avoid buying and selling Bitcoin. There are some laws and regulations that are related to this activity, but the main point is that buying Bitcoin in Canada is completely legal.
The simplest way to buy Bitcoin in Canada is to find a website that allows Canadian citizens to get involved in transactions like this. In the last couple of years, many Bitcoin websites and online marketplaces were introduced on the market. However, not all of them are legitimate and some of them don’t work for Canadians. In order to save you energy and time, we will highlight some of the best places to buy Bitcoin if you are a Canadian.
Coinmama is an international Bitcoin marketplace where users from almost every country in the world can exchange this cryptocurrency. Smaller transactions don’t require identity verification. However, if you are buying Bitcoin worth over $150 you will have to verify your personal identity for security purposes.
LocalBitcoins is actually a popular escrow service that works on a global level. This is the first service of this type because it allows you to find sellers and buyers locally. Cash deposit is the most used way of paying for Bitcoin. But, the good thing is that every user is free to select the preferred payment method. With LocalBitcoins, buying bitcoins in Canada is happening face to face. This means that you don’t need personal information just a location and time. The only downside is that it is a little bit difficult to buy larger amounts of bitcoins in this way.
Coinbase is one of the oldest and most popular online marketplaces for cryptocurrencies. Every citizen of Canada can use this platform to buy bitcoins and all they need is a credit card. It’s better to make fewer transactions because each transaction comes with a 3.99% fee regardless of the number of bitcoins you want to buy.
Finally, there are dozens of Bitcoin ATMs in Canada where you can exchange bitcoins. This is another simple way to get bitcoins. Just load some cash and you’ll get bitcoins. Keep in mind that the fees can reach up to 10%.
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— Digital Currency (@MScDigital) 23 de enero de 2017