Buy Bitcoin & Crypto with INTERAC e-Transfer (7 Exchanges)

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buy bitcoin with interac e transfer
Written By: Craig Leontowicz | Updated: May 5, 2023

INTERAC e-Transfer is the fastest, easiest, and lowest-fee way to instantly buy and sell Bitcoin, Ethereum, and other cryptos in Canada.

TLDR: Where to buy Bitcoin/crypto with INTERAC e-Transfer:

  1. Newton – Best all-around exchange. Low fees, easy to use, and lots of altcoins to buy and sell. It is recommended for beginners. Get $25 Sign Up Bonus →

  2. Shakepay – Easiest crypto exchange to use. Buy and sell Bitcoin or Ethereum only. Set up limit buys/sells or recurring crypto purchases. Recommend for beginners. Use a referral code to activate the secret ‘Shaking SATS’ rewards easter egg to earn free Bitcoin daily. Get a $5 Sign Up Bonus →
  1. Shakepay – Easiest crypto exchange to use for beginners.
  2. Newton – Best all-around exchange. Low fees, lots of altcoins.
  3. Netcoins – Fund/withdraw USD with a Canadian bank account.
  4. Bitbuy – Best for corporate crypto exchange accounts.
  5. VirgoCX – Low fees. USD to CAD bank.
  6. NDAX – Best for traders and buying/selling larger amounts.
  7. Kraken – Lowest fees. Best for traders.

How to Buy/Sell Crypto with INTERAC e-Transfer in Canada

  1. Signup to a Canadian crypto exchange.
  2. Verify your account (KYC). Must be 18+.
  3. Send an e-Transfer from your bank account to the crypto exchange.
  4. Buy/Sell and trade your Bitcoin and crypto on the exchange.
  5. Send Bitcoin and crypto to your wallet.

Read the guide for beginners: How to Buy Bitcoin in Canada Tutorial →

Credit cards and PayPal usually don’t work to purchase Bitcoin in Canada.

INTERAC e-Transfer is the easiest and fastest way to instantly buy/sell crypto.

Wire and bank transfers are better for larger buys and can take a few days to process. E-transfers are near-instant and free to use.

INTERAC e-Transfer has daily, weekly, and monthly limits on how much funds can be transferred. Check with your bank for your transfer limits.

Quickly and easily deposit funds to and from your bank account with these Canadian cryptocurrency exchanges using INTERAC e-Transfer.

7 Crypto Exchanges to buy/sell Bitcoin with INTERAC e-Transfer (Explained)

1. Shakepay

Shakepay Interac e transfer
Shakepay eTransfer

Read: Shakepay Review

Shakepay Fees

  • Deposits and withdrawals: $0
  • Spread: ~1 to 2%
  • Crypto withdrawal: Free

Check Fees and Prices

Funding & Withdrawal Options

  • Interac E-Transfer
  • Wire Transfers
  • Pre-authorized Debit

Cryptocurrencies: 2

Shakepay Pros

  • No fee crypto withdraws
  • Simple app UI/UX
  • Earn Bitcoin cashback reward with a prepaid Visa debit card
  • *NEW – Dark mode
  • Shakepay ShakingSATS
  • Shakepay Card for BTC Rewards

Shakepay Cons

  • Limited coin selection
  • High spread fee
  • Mobile app only

Get a $5 Shakepay Sign Up Bonus →

2. Newton

Newton Interac e transfer
Newton eTransfer

Read: Newton Review

Newton Fees

  • Deposits and withdrawals: $0
  • Spread: ~0.75% to 1.5%
  • Crypto withdrawal: Free up to $5 of network fees

Check Fees and Prices

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.

Get $25 Newton Sign Up Bonus →

3. Netcoins

Netcoins Interac e=Transfer
Netcoins Interac e-Transfer

Netcoins Fees

  • Deposits and withdrawals: $0
  • Spread: 0.5%
  • Crypto withdrawal: 0.00025 BTC ($15)

Check Fees and Prices

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 1% back in Bitcoin (Visa Prepaid Card)

Nestcoins Cons

  • Average withdrawal fee on crypto
  • Average spread fee on trades

Get $25 Netcoins Sign Up Bonus →

4. Bitbuy

Bitbuy Interac  e Transfer
Bitbuy Interac e Transfer

Bitbuy Fees

  • Interac e-Transfer Deposit: $0
  • Wire Transfer Deposit: $0
  • Interac e-Transfer Withdrawals: 1.5%
  • Wire Transfer Withdrawals: 1.5%
  • Spread: 0% – 1.5%
  • Crypto withdrawal: 0.00025 BTC (~$10)

Check Fees and Prices

Funding & Withdrawal Options

  • Interac E-Transfer
  • Wire Transfer
  • Credit Card

Cryptocurrencies: 25+

Bitbuy Pros

  • Regulated and transparent
  • Express trade
  • Pro trade
  • Staking

Bitbuy Cons

  • Lots of KYC questions
  • Low liquidity
  • High deposit fees
  • No stop-loss orders

Get $20 Bitbuy Sign Up Bonus →

5. VirgoCx

VirgoCX Interac e-Transfer
VirgoCX Interac e-Transfer

VirgoCX Fees

  • Deposits and withdrawals: $0
  • Spread: 0.5% to 2.5% (Depends on asset)
  • Crypto withdrawal: Free

Check Fees and Prices

Funding & Withdrawal Options

  • Interac E-Transfer
  • Wire Transfer
  • Bill Payment
  • Credit/Debit Card

Cryptocurrencies: 60+

VirgoCX Pros

  • Market dashboard uses TradingVeiw charts
  • Fund/withdraw US Dollars (USD) with a Canadian bank account
  • OTC desk for large transactions over $30,000 CAD

VirgoCX Cons

  • Verification process for new accounts is difficult
  • Account password has a maximum of 15 characters

Get $20 VirgoCX Sign Up Bonus →


You can only make deposits on NDAX with e-transfer. If you want to withdraw Canadian dollars from NDAX to your bank account you will have to use EFT (direct bank deposit).

NDAX Wallet Canada Interac E-Transfer
NDAX Interac e-Transfer Deposit


  • Deposits and withdrawals: $0
  • Spread: 0.2%
  • Crypto withdrawal: 0.000399 BTC (~$13)

Check Fees and Prices

Funding & Withdrawal Options

  • Interac E-Transfer – Funding only
  • Bank Draft

Cryptocurrencies: 30+


  • Dark mode
  • Full exchange for traders
  • Low spread fee
  • Option to send coins on the Ethereum (ERC20) or the Binance Smart Chain (BEP20) networks
  • Staking – Earn staking rewards from your crypto


  • You can only make deposits with Interac E-transfer. Can’t withdraw $ CAD funds with Interac E-transfer.
  • Crypto withdrawal fee is high

Get $10 NDAX Sign Up Bonus →

7. Kraken

You need to use the Kraken website for e transfer. This option doesn’t show in the app as a deposit/withdraw option.

Kraken e Transfer
Kraken e Transfer

Read: Kraken Review

Kraken Fees

  • Fiat Deposits: 1.5%
  • Spread: 0 to 0.26% per trade
  • Crypto withdrawal: 0.00001 BTC

Check Fees and Prices

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

Get $10 USD in BTC – Kraken Sign-Up Bonus when you use the app →

Compare Withdraw Fees & Spread Fee

There are fees when sending and receiving Bitcoin. These fees vary depending on how busy the network is.

Cryptocurrency exchanges in Canada make money on the spread between buying and selling cryptocurrency.

Each exchange has a different spread fee and network fee withdrawal structure.

It depends on how much Bitcoin you are buying or selling to get the best value for your purchase. You will need to calculate this for yourself.

Spread %

Withdraw Fee

Deposit Fee

# of Coins

1 - 2%





Crypto: Free up to $5








Fiat: $0



0 - 1.5%

Fiat: 1.5%



0.2 - 0.3%

Crypto: 0.00001 BTC

Fiat: 1.5%


0 - 2.5%





Fiat: 1%

Fiat: 0 - 1.5%


0.5 - 2.5%

Fiat: $0




1.49 - 3.99%

1.49 - 3.99%


~1.5 - 2%








Min. $5 Fee



7 stablecoins


0.5 - 1.25%

Crypto: you decide fee





Fiat: 0 - 1.5%

Crypto: 0.0005 BTC









Click Here to find the best Canadian crypto exchange.

App Store Ratings and Reviews

Compare app store ratings and the number of reviews for Canadian crypto exchange apps.


Apple App Store Rating

Google Play Store Rating

Rating: 4.6 · ‎17.9K reviews

Rating: 4.5 · ‎11K reviews

Rating: 4.6 · ‎17.9K reviews

Rating: 4.6 · ‎17.9K reviews

Rating: 4.7 · ‎5K reviews

Rating: 4.3 · ‎1K reviews

Rating: 4.1 · ‎183 reviews

Rating: 5 · ‎176 reviews

Rating: 4.6 · ‎6K reviews

Rating: 3.2 · ‎1K reviews

Rating: 4.7 · ‎2.5K reviews

Rating: 4.3 · ‎20K reviews

Rating: 4.5 · ‎5.9K reviews

Rating: 3 · ‎1.1K reviews

Rating: 3.6 · ‎643 reviews

Rating: 3.1 · ‎407 reviews

Rating: 3.9 · ‎76 reviews

Rating: 3.2 · ‎107 reviews

Rating: 4.7 · ‎1.6M reviews

Rating: 4.1 · ‎744K reviews

Rating: 4.7 · ‎123K reviews

Rating: 4.4 · ‎68K reviews

Rating: 4.5 · ‎126K reviews

Rating: 4.6 · ‎428K reviews

Rating: 4.6 · ‎4.6K reviews

No data

Rating: 4.5 · ‎11K reviews

Rating: 4.5 · ‎27K reviews

This data was updated on: February 6, 2023.

About Interac e-Transfer

Interac e-Transfer is a Canadian electronic funds transfer service that enables individuals and businesses to send and receive money from one bank account to another using email or text messaging.

The service is operated by Interac Corp, a Canadian payments company owned by a consortium of Canadian financial institutions.

To use Interac e-Transfer, the sender must have access to online or mobile banking through their financial institution and must provide the recipient’s email address or mobile phone number.

The sender then chooses the amount of money they want to transfer and a security question, which the recipient must answer correctly to access the funds.

Once the transfer is initiated, the recipient receives an email or text message notifying them that they have been sent money. They can then click on a link to access their financial institution’s website and securely deposit the funds into their own account.

The transfer usually takes a few minutes to complete but can take longer depending on the recipient’s financial institution.

Interac e-Transfer is a convenient and secure way to send and receive money and has become a popular alternative to traditional paper cheques and cash transfers.

However, it is important to be cautious when using the service, as scammers may attempt to exploit the system through phishing emails or other fraudulent activities.


Can you buy Bitcoin with Interac?

Yes, you can buy Bitcoin with Interac eTranster. Shakepay, Newton, NDAX, Krakebn, Bitbuy are some of the largest most trusted Canadian exchanges.

Does Coinbase accept Interac?

You cannot purchase digital assets using Interac e-Transfer on Coinbase.

Can I buy Bitcoin through my TD, RBC, CIBC, BMO, Scotia Bank in Canada?

To purchase BTC in Canada you will need to send your funds from your bank account to a cryptocurrency exchange. Interac e Transfer is a fast and instant way to fund and withdraw funds between a crypto exchange and your bank.

Is a debit card the same as Interac?

No. While each method allows you to directly pay with funds from your own bank account, Interac e-Transfer electronically transfers money from your bank account to another one.

🏆 Best Ways to Buy Bitcoin e-Transfer Canada — Conclusion Summary

For beginners to buy bitcoin in Canada with INTERAC e-Transfer – Shakepay and Newton are the first exchanges I would recommend creating accounts because they are, secure, easy to use, and have the lowest fees.

Read Shakepay vs Newton here ➞

Signup and create accounts at multiple crypto exchanges.

Sometimes there are network congestion issues, exchange bugs, or some other problem that could hamper your buying and selling of Bitcoin for Canadian dollars.

Each exchange also offers slightly different features like limit buys and sells recurring purchases or altcoins.

Signing up to multiple exchanges to make buys and sells of crypto is a good way to learn more about how the Bitcoin network works and to get a deeper understanding of the whole crypto world. And to figure out what Bitcoin buying and selling websites and apps work best for you.


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