If you are Canadian and have USD in your bank account and are wanting to buy crypto without doing a currency exchange to save those fees this is how – Netcoins.
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1. Set up Netcoins Account
Sign up for Netcoins and get a $60 credit once you trade $100 worth of crypto.
Netcoins was founded in 2014. Netcoins, via its parent company BIGG Digital Assets, is the first Canadian crypto brokerage to be publicly owned. BIGG trades under the following symbols: CSE: BIGG, OTCQX: BBKCF, and WKN: A2PS9W.
2. Fund Account with US Dollars
There is no fee to fund the account in USD. Minimum in $500 via Wire Transfer. Estimated time is 0 – 3 business days.
3. Buy Bitcoin with USD in Canada
Click Buy/Sell and change the currency to USD.
You can now buy and sell crypto as Canadian for US dollars.
It’s free to fund and withdraw cash.
There is a 0.5% fee for every trade.
Crypto withdraw fee – Bitcoin 0.0005 BTC or about $30 at the time of writing this.
Check the Netcoins website to see their fee breakdown.