These apps and crypto exchange platforms offer Canadians staking of crypto assets:
- Bitbuy
- NDAX
- Kraken
- Wealthsimple
How Bitcoin 101
How to Send Funds From Shakepay to Coinbase
The easiest way to fund/send money to Coinbase in Canada is with crypto. This means you need a Canadian crypto exchange to convert your loonies and toonies into Bitcoin.
Steps to Buy Bitcoin on Shakepay and Send it to Coinbase:
- Sign up and verify your account on Shakepay and Coinbase
- Send an INTERAC e-Transfer to Shakepay
- Buy Bitcoin or Ethereum
- Send from Shakepay to Coinbase
How To Fund Coinbase Canada
When I first set up my Coinbase account, I ended up just going in a loop of Reddit, Coinbase help, and Google searches trying to figure out how to fund my Coinbase account so I could buy some Bitcoin.
If you are Canadian you will need to use a Canadian crypto exchange like Shakepay or Newton to send money from your bank to a crypto exchange.
Kraken Referral Code
Join me on Kraken and we can both get $10 in Bitcoin.
To sign up go to: https://kraken.app.link/3uisQOq0fxb
Kraken Referral Program allows you to earn a $10 USD referral bonus. Once you sign up for Kraken using your invite link and buys or sells $100 USD in crypto.
Referrals are currently available on the Kraken app. Buys or sells made on Kraken Pro do not count towards eligibility for receiving a referral bonus.
5 Canadian Crypto Exchanges to Set Up Corporate Accounts
Updated: February 7, 2023
Affiliate Disclaimer – We earn from qualifying purchases.
These 5 crypto exchanges allow corporate accounts in Canada:
- Bitbuy
- NDAX
- Shakepay
- Kraken
- Coinbase
Most corporate accounts require contacting the exchange and additional paperwork and verification.
How to Buy Bitcoin Paypal Canada?
Is it possible to buy Bitcoin in Canada with PayPal you ask?
The answer is NO.
Coinbase claims Canadians and makes fiat withdrawals to Paypal. I’ however have not been able to get this to work. And based on what I have read on Reddit and Twitter — not many other Canadians have got PayPal to work either.
Interac e-Transfer in Canada and using a Canadian exchange to convert dollars to crypto is the easiest, fastest, lowest fee way that works with the banks in Canada. Wire transfers for larger amounts.
3 Best Apps to Buy Bitcoin in Canada
Craig Leontowicz
Updated: February 6, 2023
Affiliate Disclaimer – We earn from qualifying purchases.
With so many apps to Buy Bitcoin in Canada, I wanted to compile the ratings and reviews for the most popular apps and exchanges.
- The best-rated app with the most reviews is Wealthsimple.
- Newton and Shakepay are the next most popular choices for Canadian exchanges.
- Kraken, Coinbase, and Binance are the largest exchanges and have the most app downloads and reviews.
This isn’t my opinion this is based on the numbers. The people love Wealthsimple.
I Googled every exchange app. Their app store rating and the number of reviews they have received.
You can decide for yourself which you think is the best app for cryptocurrency in Canada based on this data.
5 Coinbase Alternatives: What is the Canadian Equivalent to Coinbase?
Craig Leontowicz
Updated: February 5, 2023
Affiliate Disclaimer – We earn from qualifying purchases.
If you are Canadian and tried to use Coinbase, you will quickly realize it’s not as simple to use for us.
It’s hard to fund and deposit because Coinbase does not accept eTransfers. The Paypal withdraw featured didn’t work for me. Not all the coins listed on Coinbase are available to Canadians. For this reason, it is best to use a Canadian crypto exchange.
In my opinion, Newton is the most similar comparison to Coinbase for Canadians. Make instant deposits and withdrawals with eTransfer. The simple easy-to-use design makes buying/selling crypto simple.
Newton – Best all-around exchange. Low fees, easy to use, and lots of altcoins to buy and sell. It is recommended for beginners.
Buy Bitcoin with Prepaid Visa Card Canada
Buying Bitcoin with a Prepaid card in Canada is difficult and expensive. When I first started trying to buy crypto — I tried using a prepaid Visa to fund my account.
Ultimately I decided to use Interac eTransfer to fund my account because it’s faster, cheaper, and easier than using a Prepaid card.