Top 3 Easy Ways To Buy Bitcoin In Canada

Bitcoin is quickly emerging as one of the most popular modes of trading. It is basically electronic money, named as “Cryptocurrency”. They operate with no central authority and are based on peer to peer technology. Additionally, nobody owns or controls them.

Bitcoin has always been very popular in Canada, and Canadians have very enthusiastically invested and traded in Bitcoin since their introduction in the country. Canadians are fortunate to have many choices to purchase Bitcoin safely and quickly.

1. Go online — You can purchase bitcoin both offline and online. However, taking the online route is considered to be a better choice since the process is fast and reliable. After making up your mind to buy bitcoin through the internet, you must begin your search for the best Canadian crypo brokerage company. Go with only that brand which has a good name in the market, such as Netcoins. This online exchange allows you to deposit money directly in your account through methods like Interac e-Transfers and wire transfers. Netcoins also has a good customer support team that not only assists in buying bitcoin, but also provides information about the best practices to invest in them.

2. In-person retail location — There are many online platforms which also have a physical office from where people can buy and sell crypto in Canada. These are best for people who prefer person to person interactions before making a purchase. However, choosing the online option of buying bitcoin through an online exchange like Netcoins is not only a time saving approach, but also cost-effective.

3. Bitcoin ATMs — One of the oldest approaches to purchase Bitcoin in Canada is through a Bitcoin ATM. For those who prefer to purchase Bitcoin with real cash, this is probably the easiest way to do so. But, Bitcoin ATMs will usually cost clients significantly more in fees, which can be somewhere around 6 to 8% above the market rate. You first deposit cash in ATM machine, then the QR code from your cryptocurrency wallet app gets scanned. After that, it sends bitcoin straight to your wallet.

Now that you know what’s the best option to buy bitcoin; dive into the whole new world of trading today!

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