INTERAC e-Transfer is a popular and easy way to buy and sell bitcoin, ethereum and other cryptocurrency in Canada.
Credit cards usually don’t work to buy Bitcoin in Canada.
Wire transfers are used to buy larger amounts of cryptocurrency.
INTERAC e-Transfer has daily, weekly and monthly limits on how much funds can be transferred.
Check with your bank for your transfer limits.
INTERAC e-Transfer can quickly and easily deposit funds to your bank account after selling bitcoin on an exchange.
Read the guide for beginners: How to Buy Bitcoin in Canada Tutorial →
Crypto Exchanges that Accept INTERAC e-Transfer
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Newton is a Canadian cryptocurrency trading platform that offers Interac e-Transfers, wire transfers, pre-authorized bank transfers to buy cryptocurrency in Canada.
Shakepay is a Montreal-based company that allows Canadians to buy/sell bitcoin and ethereum with Interac e-Transfers.
NDAX buy and sell 11 different cryptocurrencies. Advanced features and trading tools for professional traders. Fund your account from a Canadian bank account with Interac e-Transfers, wire transfers and bank draft.
NOTE: You can only make deposits to NDAX via INTERAC e-Transfer. The option to deposit from NDAX to your bank account via e-Transfer is not yet available.
Withdraw Fees & Spread
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 withdraw 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.
All three these exchanges are safe and easy to use.
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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HowToBuyBitcoin101.com is basic how to crypto guides, reviews and information for beginners to get started with cryptocurrency in Canada. NOT investment advice. Please do your own research. We like Bitcoin & crypto. [READ ABOUT]
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