Buying Bitcoin in Canada can be done through:
➀ A peer-to-peer trade
➁ A Bitcoin ATM
➂ 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:
➀ How do I deposit via Interac e-Transfer?
➁ How do I deposit via Bank draft?
➂ 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:
➀ 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
➁ 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
• 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.
Happy trading!