How to Buy Bitcoin in Canada?

• The process to buy BTC consists of opening and verifying an account, funding it, placing an order, and deciding how to store the asset.
• BTC is the native crypto asset of the Bitcoin network.

Key takeaways: BTC is a Layer-1 crypto asset and the first decentralized cryptocurrency. It is commonly used for transferring value without relying on a central intermediary, and some users also hold it as a crypto asset over time. Bitcoin’s supply is limited to 21 million BTC, which is one reason some users refer to it as “digital gold.”

Step 1: Create an Ndax account and complete identity verification.
Step 2: Fund your account in CAD using Ndax’s supported deposit methods.
Step 3: Find the BTC market (for example, the BTC/CAD market) and review the live price and market data.
Step 4: Choose an order type:
• A market order prioritizes getting filled quickly at the best available price.
• A limit order lets you set a specific price, but it may not fill unless the market reaches that price.
Step 5: Confirm the order details (amount, price, and any applicable fees shown by the platform) and place the trade.
Step 6: Decide how you will store BTC: keep it in your Ndax account (custodial) or withdraw it to an external wallet (self-custody).

Yes. Canadians can buy and sell Bitcoin in Canada.
Canadian regulators have cautioned that crypto assets are high-risk, and Canadians who choose to trade crypto generally look for regulator-aligned services with clear disclosures and security practices. Crypto assets are not covered by the Canadian Investor Protection Fund (CIPF) or deposit insurance. Ndax operates within Canadian regulatory requirements. Canadians can check whether a crypto platform is authorised to do business with Canadians using the Canadian Securities Administrators’ list.
 

Ndax lists a flat trading fee of 0.20% on all buy and sell orders on its published fee schedule as of February 2026, including BTC. A flat trading fee means the same percentage rate applies to each trade, regardless of size or order type.

The total cost typically includes trading fees and can also include spreads (the difference between buy and sell prices in the market), plus network fees if you withdraw Bitcoin on-chain. For the most current Ndax fees (including crypto withdrawal fees and CAD funding/withdrawal fees), use the Ndax fee schedule page because fees can change over time.
 

On a platform (custodial): access BTC and your other cryptos through your account login. Ndax controls the private keys on your behalf.
In a wallet (self-custody): you control the private keys/recovery phrase and are responsible for security and backups.

If you withdraw BTC to a wallet, double-check the destination address and the correct network before sending, because on-chain transfers are generally not reversible.
 

Yes. Platforms like Ndax support buying fractional amounts of crypto.