7 Exchanges to Buy Bitcoin with INTERAC e-Transfer in Canada

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buy bitcoin with interac e transfer
Updated: September 30, 2022

INTERAC e-Transfer is a fast, easy, and lowest fee way to buy and sell Bitcoin, Ethereum, and other crypto in Canada.

Summary: Buy Bitcoin with INTERAC e-Transfer

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 →

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 $30 Sign Up Bonus →

  1. Shakepay
  2. Newton
  3. Netcoins
  4. Bitbuy
  5. Coinberry
  6. NDAX
  7. Kraken

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

INTERAC e-Transfer is the easiest and fastest way to 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 with INTERAC e-Transfer.

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

Crypto Exchanges to buy/sell Bitcoin with INTERAC e-Transfer

1. Shakepay

Shakepay

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
  • Shaking SATS rewards
  • Earn Bitcoin cashback reward with a prepaid Visa debit card

Shakepay Cons

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

Get a $30 Shakepay Sign Up Bonus →

2. Newton

Newton

Read: Newton Review

Newton Fees

  • Deposits and withdrawals: $0
  • Spread: ~0.7%
  • 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: 60+

Newton Pros

  • Low spread fee on trades.
  • Easy to use and nice design.
  • Lots of altcoins to trade and more are always being added.

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

Features

  • Get 3% back in Bitcoin with Netcoins Visa Prepaid Card
  • USD funding and deposits for Canadians
  • Limit orders
  • Buy crypto with a credit card
  • Easy to use
  • 30+ altcoins

Fees

  • Deposits and withdrawals: $0
  • Spread: 0.5%
  • Crypto withdrawal: 0.00025 BTC ($15)
Check Fees and Prices at Netcoins

Funding & Withdrawal Options

  • Interac E-Transfer
  • Wire Transfer
  • Online Bill Payment

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)

Cons

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

Get $25 Netcoins Sign Up Bonus →

4. Bitbuy

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

Bitbuy Cons

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

Get $20 Bitbuy Sign Up Bonus →

5. Coinberry

6. NDAX

NDAX Fees

  • Deposits and withdrawals: $0
  • Spread: 0.2%
  • Crypto withdrawal: 0.000399 BTC (~$25)

Check Fees and Prices

Funding & Withdrawal Options

  • Interac E-Transfer – Funding only
  • Wire Transfer
  • Bank Draft

Cryptocurrencies: 18+

NDAX Pros

  • 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
  • Buy Bitcoin with stablecoins USDT or USDC trade pairs

NDAX Cons

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

Get $10 NDAX Sign Up Bonus →

7. Kraken

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

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 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.

Click Here to Compare Canadian Crypto Exchanges

How to Buy Bitcoin with INTERAC e-Transfer

  1. Signup to a crypto exchange.
  2. Verify your account.
  3. e-Transfer funds from your bank to the exchange.
  4. Buy crypto.
  5. Send crypto to a wallet.

Conclusion

All three of these exchanges are safe and easy to use.

For beginners to buy bitcoin in Canada with INTERAC e-Transfer – Shakepay and Newton are the first exchanges I would recommend creating accounts.

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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