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How to Buy Bitcoin in Canada?

August 18, 2020
Blog
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Introduction

Buying Bitcoin in Canada can be done through:

  1. A peer-to-peer trade
  2. A Bitcoin ATM
  3. A Cryptocurrency exchange

However, utilizing platforms such as Ndax will allow for affordable, safe, and fast transactions.

Canadians can purchase BTC on Ndax by following these steps:

At Ndax, we offer a BTC to CAD pairing, allowing Canadians to buy Bitcoin directly with Canadian currency. To get started, you will need to fund your Ndax account. Ndax offers 3 funding options, Interac e-Transfer, Bank Draft/Certified Cheque, and Wire transfer.

For step-by-step guides on how to deposit Canadian dollars to buy Bitcoin check out the articles below:

  1. How do I deposit via Interac e-Transfer?
  2. How do I deposit via Bank draft?
  3. How do I deposit via wire transfer?

Once you fund your account, you are ready to buy Bitcoin on Ndax.

There are 2 different ways to buy Bitcoin on our platform:

  1. Using our quick buy/sell widget
    • Login to https://ndax.io/
    • Once you log in you will be redirected to your dashboard
    • On the right side of the screen, you can find our Quick Buy/Sell widget
    • CLICK THE SMALL GREY ARROW in the upper left corner of the screen to pick the BTC/CAD pair
    • Input the amount in CAD that you want to purchase BTC with
    • Click BUY (Green button)
    • Click BUY (Green button) again within 5 seconds to confirm your order

  1. On our trading page
    • Login to https://ndax.io/
    • Once you log in you will be redirected to your dashboard
    • Click TRADE on the left-hand side of the screen
    • On the trade page, click BUY (Green button) on the right side of the screen
    • Click the small GREY ARROW in the upper left corner of the screen to pick the BTC/CAD pair
    • Click on MARKET
    • Enter ORDER SIZE (the amount you want to buy) either in BTC or CAD
    • Click PLACE BUY ORDER

Frequently Ask Questions

  • What is Bitcoin (BTC)?
  • How do I cash out Bitcoin in Canada?
  • What are Ndax's trading fees?
  • How do I sell Bitcoin in Canada (BTC/CAD)?
  • How do I buy Bitcoin with a trailing stop market order?
  • How do I buy Bitcoin with a stop-limit order?
  • How do I buy Bitcoin with a limit order?
  • How do I choose the right cryptocurrency exchange?

If you are based in Canada and looking for a Canadian Bitcoin exchange, then take a look at  Ndax. Ndax is an easy-to-use, beginner-friendly exchange that can give you easy access to trade Bitcoin and other cryptocurrencies like Ethereum, XRP, Litecoin, Cardano, Dogecoin, EOS, and Stellar.