How to Buy Bitcoin with Credit Card in Canada

Netcoins – founded in 2014 is crypto exchange based in Vancouver, Canada that has the option to buy Bitcoin and few other cryptocurrencies with a credit card (Visa or Mastercard).

  • minimum purchase is $71
  • uses third party called Simplex
  • Purchasing cryptocurrency via credit card does not count towards the $100 worth of trading volume on Netcoins.

Get a $60 sign-up bonus once you trade $100 worth of crypto on Netcoins when you fund your account with dollars via Interac e-transfer, online bill payment or bank wire transfer.

All credit card transactions facilitated by Simplex will be higher fees than if you were to fund your account directly with Interac e-Transfer, online bill payment or bank wire transfer.

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Shakepay Review

Shakepay Review
Shakepay Review

Shakepay is one of my favorite crypto exchanges in Canada because it simplifies buying and selling Bitcoin or Ethereum. Instantly fund or withdraw fiat ($CAD) using Interac e-Transfer. Signing up and verifying an account was fast and automated.

Use a referral link to activate the secret ‘ShakingSats’ rewards easter egg to earn free Bitcoin daily and get a $5 sign-up bonus.

I have been using Shakepay for over three years at the time of post update. I have read the good and bad reviews on Reddit/social media — this has been my experience buying and selling crypto on Shakepay. This Shakepay review will break down everything you should know before signing up to Shakepay.

My conclusion: I recommend Shakepay to friends who are just starting out in crypto and simply want to buy a small amount of Bitcoin or Ethereum. No fee crypto withdrawals and the ShakingSats rewards program make it a really great experience.

Shakepay handles peak times very well. It has worked consistently through the market ups and downs in the last bull market. Not all exchanges have handled it as well as Shakepay.

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7 Exchanges to Buy Bitcoin & Crypto with INTERAC e-Transfer in Canada

Buy Bitcoin with etransfer – the fastest, easiest, and lowest-fee way to instantly buy and sell Bitcoin, Ethereum, and crypto in Canada.

buy bitcoin with interac e transfer
Buy Bitcoin with Interac eTransfer Canada

I have been buying, selling, and trading crypto in Canada for 5+ years. These recommendations are based on my personal experience.

All the images shown are screenshots from my personal crypto exchange accounts. Buy Bitcoin with e transfer in Canada to fund a crypto exchange and trade CAD for BTC, ETH, or more cryptocurrencies.

✅ TL;DR places to buy Bitcoin Interac eTransfer:

Newton – Best overall exchange

  • Newton has low fees, is easy to use, and has lots of altcoins to buy, sell, and trade. No deposit or withdrawal fees. Advanced trading features, set up limit buys/sells or recurring crypto purchases. Get a $25 sign-up bonus.

Shakepay – Easy to use exchange for beginner’s

  • Shakepay is great for beginners due to its user-friendly interface and absence of trading fees. Set up limit buys/sells or recurring crypto purchases. Use a referral code to activate the secret ‘ShakingSATS’ rewards easter egg to earn free Bitcoin daily. Get a $5 Sign Up Bonus.

Summary — Choosing between the two largely depends on individual preferences, trading experience, and the importance of a broad crypto selection versus user experience. I use both exchanges.

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33 Best Crypto Subreddits for Canadians

When doing research — I always like to add the qualifier ‘Reddit’ to a few related Google searches to try and get more unbiased reviews about cryptocurrency exchanges, wallets, scams, and the laws/legality of crypto as a Canadian.

Crypto Related Subreddits

Here is my list of recommended subreddits I think you should check out when learning and researching crypto as a beginner.

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10 Podcasts About Bitcoin, Blockchains & Crypto

Podcasts About Bitcoin, Blockchains & Cryptocurrency

Podcasts are a great way for learning about Bitcoin, altcoins, trading and other cryptocurrency news and updates.

This is by no means an exhaustive list of cryptocurrency podcasts or in any particular ranking. I will be updating this post as I find new ones.

Here is a list of blockchain and crypto podcasts I currently subscribe and listen to:

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How to Buy Dogecoin in Canada

Buy dogecoin Canada

Dogecoin is an open-source peer-to-peer digital currency. Dogecoin is a Litecoin fork. Dogecoin was created in 2013 as a joke and/or meme. Convert DOGE to CAD.

It has remained a preferred currency for leaving tips on entertaining and engaging memes and content online.

This is a step-by-step guide on two ways to buy Dogecoin in Canada.

I compare buying DOGE on Newton or Wealthsimple.

Popular Exchanges Where Canadians Buy DOGE

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Shakepay vs Newton

Shakepay vs Newton
Shakepay vs Newton

This Shakepay vs Newton review is tailored specifically for novices in the Canadian crypto space. It aims to provide a straightforward guide to compare these two top crypto exchanges.

I’ll touch upon pros, cons, features, fees, spread, common risks, and debates among beginners, to help aid you in making an informed decision between Shakepay or Newton for your initial foray into cryptocurrency. My goal is to make your journey as smooth and rewarding as possible.

This comparison is based on my personal experience buying, selling, and trading on both of these exchanges for 3+ years. I regularly read comments on Reddit and social media to gauge community sentiment, how long transactions are taking to process, and any support or liquidity issues that may be cause for concern.

My Conclusion — If you’re new to buying Bitcoin in Canada, Shakepay is a great starting point. It’s user-friendly and perfect for beginners, allowing easy purchases with Interac e-Transfer. Use Newton if you want a larger altcoin selection and a lower spread fee when trading.

✅ TL;DR Newton vs Shakepay

  • Newton caters more to users seeking a wider range of cryptocurrencies and slightly more advanced trading tools, with the advantage of a lower spread.
  • Shakepay is excellent for those new to crypto, and looking for a straightforward, user-friendly experience with additional perks like Bitcoin rewards.

Summary — Choosing between the two largely depends on individual preferences, trading experience, and the importance of a broad crypto selection versus user experience. I use and am happy with and trust both exchanges.

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Best Crypto Tax Software Canada

Best Crypto Tax Software Canada
Best Crypto Tax Software Canada

Crypto Tax software is a tool designed to help individuals and businesses in calculating and reporting their cryptocurrency tax obligations. The software automates the process of tracking and reporting cryptocurrency transactions to the tax authorities, making it an essential tool for anyone who has invested in cryptocurrency.

There are several Crypto Tax software options available in Canada, each with its unique features and benefits. Some of the most popular options include Koinly, CoinTracking, and CryptotaxCalculator.io.

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