D-Central's Bitcoin Buying Guide

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Guide to Buy Bitcoin in Canada

Canada has a fairly high adoption and awareness rate for cryptocurrencies, especially Bitcoin. It also has an active crypto community and authorities who support the development of blockchain technology. So if you want to know how to buy Bitcoin in Canada, there are plenty of options – from top-rated cryptocurrency exchanges to Bitcoin ATMs. There is more than one way to get bitcoins in Canada. In this guide we’ll cover the best way to buy bitcoin in canada and the best way to sell bitcoin in canada. Of course, the most common and easy way is to suscribe to a centralized Bitcoin exchange and trade. In this guide, we will show you the best Bitcoin exchange solutions for acquiring bitcoins in Canada. We also list all proven and strong decentralized Bitcoin exchange projects. You will also learn other interesting techniques for stacking bitcoins in Canada, such as mining Bitcoins. With the increasing value of Bitcoin in Canada, several institutions have chosen Bitcoin as a means of payment for their products and services on online platforms. Montreal, Toronto and Vancouver are considered the homeland of Bitcoin in Canada. Regardless of whether you choose a Canadian or overseas-based crypto exchange, make sure you compare a range of options before deciding which platform to use. You wouldn’t invest in shares without doing your research first, so make sure you understand Bitcoin before you buy.

Step 1 - Choose a Bitcoin wallet from our Shop

The growing number of people who have started investing in Bitcoin is gaining popularity. According to research, the future of Bitcoin and other digital currencies is promising and they are probably here to stay. In Canada, there are many places where people can buy Bitcoins. Before you start buying a serious amount of bitcoins, you need to consider how you can secure them. A Bitcoin wallet is the first step towards your digital sovereignty. We all have popular models at D-Central.

D-Central's popular Bitcoin wallets

You can visit our store at any time to equip you with the best bitcoin wallets on the market. Make sure you understand all Bitcoin transaction concepts before you start making transactions. Remember that Bitcoin transactions are irreversible.

Step 2 - Choose a Bitcoin exchange in Canada

No matter which type of exchange you choose, you’ll usually need to sign up for an account before you can purchase bitcoin. Depending on the exchange you use and the regulatory requirements it’s subject to, you may be able to sign up simply by providing your email address or you may need to provide your full name, contact information and proof of ID before being allowed to trade. Once your account has been verified, you’ll need to enter the amount of BTC you want to buy, choose your payment method, review the fees and the total cost of the transaction and then finalize your purchase. The exact steps you’ll need to follow vary depending on the payment method and type of platform you choose. Keep reading for our list of the best best way to exchange bitcoin in canada.

#1 - Bull Bitcoin

It has never been easier to buy Bitcoin in Canada, but with the recent QuadrigaCX’s losses, Bitcoin owners in Canada are looking for a safe place to buy Bitcoin online. Fortunately, such a solution now exists in Canada, built from trusted professionals. Bull Bitcoin’s services are designed to help you keep total control of your bitcoins during the process. You buy, sell or spend Bitcoin on this platform directly with your own Bitcoin wallet. Bull Bitcoin is never a depository of your bitcoins. You can now trade your bitcoins in Canada with peace of mind.​

bitbuy

#2 - BitBuy

Bitbuy makes it simple to buy, sell, and manage your cryptocurrency portfolio. Get started today with our easy-to-follow guide to opening an account. Buying Bitcoin, Ethereum, Litecoin, Bitcoin Cash, XRP or Stellar XLM has never been more seamless.

#3 - CoinSwitch

Fast and secure way to buy, sell, trade over 300 cryptocurrencies, altcoins, tokens like Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin(LTC) etc. Particularly useful to smaller mining operations that are running on GPU. This will allow a quick conversion of your altcoins into Bitcoin. It’s the Easiest and fastest way to stack bitcoins with your altcoin gains.

Step 3 - Buy Bitcoin and HODL

There’s no magic secret. Becoming a financial investor takes time and dedication. Bitcoin is a very risky asset type. It is extremely volatile and even the most solid Bitcoin investment should be treated as a high risk investment. Don’t take anyone’s advice about what will happen with the currency. do your own research, learn about Bitcoin and come to a conclusion for yourself. After buying Bitcoins, make sure to move them into your own Bitcoin wallet and never leave them on an exchange.

Learn other methods to stack bitcoins

Cashback in Bitcoin

Cashback rewards have been made popular by credit card companies seeking to attract new customers for their cards. Fortunately, for cryptocurrency users, there are also bitcoin cashback reward platforms that pay shoppers small rebates in bitcoin when making purchases with supported merchants. In this guide, you will discover our favorite bitcoin cashback rewards apps that you can use to get free bitcoin when shopping online.

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Shop with your credit card or digital wallet at retailers in-store or online and get up to 20% cashback in bitcoin when you shop at Amazon, Uber, Target and many more!
Spend your bitcoin rewards, save them for later or withdraw them to your personal wallet!

lolli

Lolli is the first bitcoin rewards application that lets people earn & own bitcoin when they shop online. We’ve partnered with 500+ top brands to help drive sales and conversions on their sites. When you shop on one of our partner sites, we get a percent of each sale. We then split that percent with you, sending bitcoin to your Lolli wallet! *US only for now.

Decentralized Bitcoin Exchange

Bisq

Bisq is an open-source, peer-to-peer application that allows you to buy and sell cryptocurrencies in exchange for national currencies. No registration required. Exchanges play a critical role in the Bitcoin ecosystem. Without them, it would be nearly impossible to buy or sell bitcoin for euros, dollars, yen or yuan. The bitcoin market would have no liquidity, and bitcoin would be worthless.

Gift Cards

Coincards

Coincards offers a huge selection of both Electronic and Physical Gift Cards from Hundreds of Canadian Retailers, Including all the Top Brands. Checkout the wide selection of Gift Cards available directly from Coincards! Whether you’re purchasing gifts for an upcoming holiday, or just buying your weekly gas and groceries with crypto, we have you covered! Trade your cryptocurrencies for some of the top brands in Canada.

Mining Bitcoin

Today, cryptocurrency mining is perceived by the public as a very lucrative activity. The reality is that fortunes have been lost and created with the Bitcoin mining. For less risk-averse investors with a longer-term view of investing, the goal is to securely acquire more coins over time, so you’ll need to strategize. Be assured that mining is a great way to develop a position in the market over time. In unstable markets such as the booming cryptocurrency space, this strategy can be a valuable way to get the best of both worlds: create a position without having to worry too much about the ups and downs of the market.

Do you need help with your Bitcoin business?

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