I’ll be honest. When I first started in crypto I was extremely skeptical of everything.
I wanted to get as much free Bitcoin and crypto as I could because I am cheap and I didn’t want to risk any of my money. Getting free bonuses made things feel less scary.
Based on the last few years of my experience in crypto here is what I would do again to get as much free Bitcoin as possible.
These apps and crypto exchange platforms offer Canadians staking of crypto assets:
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:
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.
These 5 crypto exchanges allow corporate accounts in Canada:
Most corporate accounts require contacting the exchange and additional paperwork and verification.
Is it possible to buy Bitcoin in Canada with PayPal?
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.
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.
Signup to Bitbuy and verify your account.
Toronto-based Bitbuy is a registered Money Service Business (MSB) in Canada under FINTRAC since 2016.
Canada’s first 1:1 insured Bitcoin offering platform. Bitbuy is the world’s first platform to find a way to keep the full value of its Bitcoin cold storage holdings insured. This is done in partnership with Montreal-based Bitcoin security firm Knox.
Bitbuy has not experienced any hacks and remains a highly safe, secure, and trusted cryptocurrency exchange.
Sign up to Newton and verify your account.
Choose from over 60 coins to buy, sell and trade on Newton.
Newton has low fees, is easy to use, and offers lots of altcoins to buy, sell and trade.
We rated Newton as the best all-around crypto exchange for Canadians.
If you have already signed up to Shakepay and just found out about the referral code bonus and the Shaking Sats rewards they offer — you can add a referral code 30 days after sign-up.
To add Shakepay referral code after sign up:
It may take up to 24 hours for the $5 referral bonus to be added to your account.
You need to deposit at least $100 to claim the bonus.
These prices and promos can change at any time
HowToBuyBitcoin101.com is a simple guide for beginners to get started with cryptocurrency in Canada. We also review and compare crypto exchanges and wallets.
© 2023, HowToBuyBitcoin101.com
Privacy Policy · Terms of Use · Editorial Integrity Policy · Affiliate Disclosure · GPDR Policy