The Bitcoin craze has hit Canada a few months ago. In many countries around the world, Bitcoin and cryptocurrencies are a controversial topic, but that’s not the case in Canada. Namely, every Canadian citizen is free to buy and sell Bitcoins and other kinds of digital currencies. In other words, there is nothing illegal in this activity. Although there are a few different ways in which people can buy Bitcoins in Canada, most of them are focused on using online exchanges for this purpose. If you are looking for a place where you can buy Bitcoins with Canadian dollars (via credit/debit card, bank transfer or electronic processors) you should keep reading because we will present a few good options.
LakeBTC exists for over 5 years now. This online Bitcoin exchange is offering competitive fees which is very important for serious Bitcoin traders. It also has excellent security which is why this website has never been hacked. In addition to Canadian dollars, LakeBTC accepts a wide range of fiat currencies. The trading fees are between 0.1 and 0.15% and there is a withdrawal feel worth 1% of the transactions and 5 US dollars. The biggest downside is the design of the website which is not very user-friendly.
Morrex is a Canadian online cryptocurrency exchange which is completely regulated. Many users find this useful because they feel safer working with regulated exchanges. Another advantage for Bitcoin buyers in Canada is that Morrex accepts fiat deposits. Making an account on this site is very easy. Morrex accepts only Canadian dollars, but this should not be a problem for the average Canadian user. There are no withdrawal fees involved and the trading fees are 1%.
Another option that Canadian Bitcoin enthusiasts have is eToro. This is a trading platform that has been promoted aggressively in the last few months and it seems that this promotion was done for a reason. eToro has a user-friendly interface. This professional-looking website is easy to use, has simple verification process and provides useful user manuals for fast and safe Bitcoin transactions.
As the name suggests, Quebex is an online exchange based in Quebec, Canada. It provides multilingual support and fair trading fees of around 1%. Making an account is as easy as 1, 2, 3. This is a licensed exchange focused only on Canadian users. All in all, this is an online Bitcoin exchange that is worth trying.
— ramon jose vazquez (@rjvazquezg) 16 de junio de 2016