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.
Once you have crypto you can send it to and from Coinbase or your own wallet. Read the guide on how to buy Bitcoin in Canada.
Here are some of the top exchanges to buy crypto in Canada
Read: Newton Review
Newton Fees
- Deposits and withdrawals: $0
- Spread: ~0.75% to 1.5%
- Crypto withdrawal: Free up to $5 of network fees
Funding & Withdrawal Options
- Interac E-Transfer
- Wire Transfer
- Bank Transfer
- Connect your bank account with Plaid
Cryptocurrencies: 70+
Newton Pros
- Low spread fee on trades.
- Easy to use and nice design.
- Lots of altcoins to trade and more are always being added.
- Multi-network support
Newton Cons
- Verifying an account when signing up can take time.
- Can have difficulty at peak times.
- Customer service can be overwhelmed and take time to respond or you need to post on the Newton subreddit to get help.
Read: Shakepay Review
Shakepay Fees
- Deposits and withdrawals: $0
- Spread: ~1 to 2%
- Crypto withdrawal: Free
Funding & Withdrawal Options
- Interac E-Transfer
- Wire Transfers
- Pre-authorized Debit
Cryptocurrencies: 2
Shakepay Pros
- No fee crypto withdraws
- Simple app UI/UX
- Shaking SATS rewards
- Earn Bitcoin cashback reward with a prepaid Visa debit card
- *NEW – Dark mode
Shakepay Cons
- Limited coin selection
- High spread fee
- Mobile app only
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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