Where to Buy or Sell Bitcoin & Crypto with USD in Canada

Affiliate Disclaimer – We earn from qualifying purchases.

If you are Canadian and have USD in your bank account and are wanting to buy crypto without doing a currency exchange to save those fees this is how – Netcoins.

How to Use Netcoins

1. Set up Netcoins Account

Sign up for Netcoins and get a $25 credit once you trade $100 worth of crypto.

Netcoins crypto exchange
Netcoins crypto

About Netcoins

Netcoins was founded in 2014. Netcoins, via its parent company BIGG Digital Assets, is the first Canadian crypto brokerage to be publicly owned. BIGG trades under the following symbols: CSE: BIGG, OTCQX: BBKCF, and WKN: A2PS9W.

2. Fund Account with US Dollars

There is no fee to fund the account in USD. Minimum in $500 via Wire Transfer. The estimated time is 0 – 3 business days.

fund from bank wire transfer

3. Buy Bitcoin with USD in Canada

Click Buy/Sell and change the currency to USD.

Buy Bitcoin with USD in Canada
USD cryptocurrency exchange canada

You can now buy and sell crypto as Canadian for US dollars.

Click the profile icon to change your account to show a balance in USD or CAD.

Netcoins Overview

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)

Netcoins Cons

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

Get $50 Netcoins Sign Up Bonus →

VirgoCX Overview

VirgoCX US Dollar
VirgoCX US Dollar

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 →

Kraken Overview

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 →

Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct your own research before making any investment decisions.

Errors or corrections? Contact Us.
favicon


HowToBuyBitcoin101.com is a simple guide for beginners to get started with cryptocurrency in Canada. We also review and compare crypto exchanges and wallets.

AFFILIATE DISCLAIMER – We earn from qualifying purchases.

© 2024, HowToBuyBitcoin101.com

Privacy Policy · Terms of Use · Editorial Integrity Policy · Affiliate Disclosure · GPDR Policy

IMPORTANT DISCLAIMER: All content provided herein on our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third-party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice, or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyze, and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.