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.
Netcoins
Netcoins is one of the only changes that can accept credit card numbers.
Netcoins Fees
- Deposits and withdrawals: $0
- Spread: 0.5%
- Crypto withdrawal: 0.00025 BTC ($15)
Funding & Withdrawal Options
- Interac E-Transfer
- Wire Transfer
- Online Bill Payment
Cryptocurrencies: 30+
Netcoins Pros
- Easy to use
- Transparent fees
- US dollar deposits and withdrawals from a Canadian bank account
- Netcoins Pay – Get 3% back in Bitcoin (Visa Prepaid Card)
Nestcoins Cons
- Average withdrawal fee on crypto
- Average spread fee on trades
Kraken
Buy Bitcoin in person at Canada post.
Kraken Fees
- Fiat Deposits: 1.5%
- Spread: 0 to 0.26% per trade
- Crypto withdrawal: 0.00001 BTC
Funding & Withdrawal Options
- Interac E-Transfer
- Wire Transfer (Etana Custody)
- In-person at Canada Post
Cryptocurrencies: 65+
Kraken Pros
- One of the oldest exchanges in crypto
- Full trade platform
- Crypto to crypto trading pairs
- 24/7 live chat support
- Low spread fee
Kraken Cons
- Complicated fee structure
- Not as beginner-friendly
- 1.5% deposit fee on fiat
- High crypto withdrawal fee
HowToBuyBitcoin101.com is basic how to crypto guides, reviews and information for beginners to get started with cryptocurrency in Canada. NOT investment advice. Investing in cryptocurrency is risky. Do your own research.
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