If you're wondering how to buy cryptocurrency in Canada, you're not alone. With digital assets gaining momentum across the financial world, more Canadians are exploring ways to enter the crypto market. This guide will walk you through everything you need to know—from choosing the right platform and payment methods, to understanding risks and long-term investment strategies—while keeping things simple, secure, and compliant.
Whether you're interested in Bitcoin, Ethereum, or altcoins like Stellar and Chainlink, we’ll show you how to get started quickly and safely in 2025.
Top Platforms to Buy Cryptocurrency in Canada
When it comes to buying crypto in Canada, selecting a trusted, regulated platform is crucial. Here are two of the most reliable options available today.
Bitbuy – The Leading Exchange for Canadian Traders
Launched in 2013, Bitbuy is one of Canada’s most established and fully regulated cryptocurrency exchanges. It's registered with FINTRAC (Financial Transactions and Reports Analysis Centre of Canada) as a Money Services Business, ensuring compliance with federal anti-money laundering regulations.
Bitbuy offers a user-friendly experience ideal for beginners and experienced traders alike. You can buy and sell nine major cryptocurrencies directly in Canadian dollars (CAD), including:
- Bitcoin (BTC)
- Ethereum (ETH)
- Litecoin (LTC)
- Bitcoin Cash (BCH)
- Stellar Lumens (XLM)
- Ripple (XRP)
- EOS
- AAVE
- Chainlink (LINK)
👉 Discover a secure way to start your crypto journey today.
Key Features
- Instant CAD deposits via Interac e-Transfer (minimum $50)
- Bank wire transfers available for larger deposits
- Express Trade function with a flat 0.2% trading fee
- Pro trading interface with maker/taker fees (0.1% / 0.2%)
- No fees on cryptocurrency deposits
- Strong customer support and fast KYC verification
While Bitbuy supports fewer coins than some global exchanges, its focus on security, ease of use, and regulatory compliance makes it a top choice for Canadian investors.
Capital.com – Trade Crypto CFDs Commission-Free
For those who want exposure to crypto price movements without owning actual digital assets, Capital.com offers an alternative through Contracts for Difference (CFDs). This platform allows you to speculate on over 200 crypto pairs—including BTC/USD, ETH/USD, and various altcoin crosses—with zero commission fees.
Regulated by top-tier authorities like the FCA (UK), ASIC (Australia), and CySEC (Cyprus), Capital.com provides a secure environment for leveraged trading.
Why Consider CFDs?
- Trade with leverage (amplifying both gains and losses)
- Go long or short based on market predictions
- No need to manage wallets or private keys
- Free deposits and withdrawals
- Access to advanced charting tools and mobile trading apps
However, CFDs are complex instruments best suited for experienced traders due to their high risk. Unlike direct ownership, you don’t hold the underlying asset.
How to Buy Cryptocurrency in Canada – Step-by-Step
Ready to get started? Follow these four straightforward steps using Bitbuy, one of Canada’s most trusted platforms.
Step 1: Create Your Account
Visit Bitbuy’s official website and click “Get Started.” Enter your email address, phone number, username, and password. Accept the terms and complete registration.
Step 2: Verify Your Identity
To comply with FINTRAC regulations, upload a government-issued ID—such as a driver’s license or passport. Verification typically takes just minutes.
Step 3: Deposit Funds
Choose your preferred deposit method:
- Interac e-Transfer: Minimum $50, processed instantly
- Bank Wire Transfer: Ideal for larger amounts (fees apply)
Navigate to “Add Funds” in your dashboard and follow the prompts.
Step 4: Buy Cryptocurrency
Go to the “Express Trade” section, select your desired cryptocurrency, enter the CAD amount you wish to invest, and click “Buy.” Your purchased crypto will be reflected in your account immediately.
Selling works the same way—simply choose “Sell,” confirm the amount, and receive CAD back into your account.
Popular Ways to Buy Crypto in Canada
Different platforms support various payment methods. Here’s how you can fund your crypto purchases:
Using Interac e-Transfer
Fast, secure, and widely supported—especially on Bitbuy. Perfect for small to medium investments with low minimums ($50).
Via Bank Wire Transfer
Best for larger deposits. Processing times vary but offer lower per-transaction fees compared to e-Transfers.
With PayPal
While not supported directly on Bitbuy, platforms like Capital.com allow PayPal-funded CFD trading—ideal for quick access without bank integration.
Anonymously? Think Twice
Decentralized exchanges (DEXs) like Uniswap may offer anonymity but lack regulatory protection. For safety and peace of mind, stick with FINTRAC-regulated platforms.
Why Invest in Cryptocurrency in Canada?
Despite volatility, many Canadians are turning to crypto for several compelling reasons:
Growing Institutional Adoption
Major companies like PayPal, Square, and Tesla have integrated Bitcoin into their operations—either by accepting it as payment or adding it to their balance sheets. This institutional validation signals growing legitimacy.
High Growth Potential
Consider this: a $100 investment in Bitcoin in 2010—when it was worth just $0.10—would be worth tens of millions today. While past performance doesn’t guarantee future results, early adoption can yield significant returns.
Exposure Through ETFs and Stocks
Not ready to buy crypto directly? Consider alternatives:
- Bitcoin Futures ETFs (e.g., ProShares BITO) let you gain exposure via traditional brokerage accounts.
- Invest in public companies tied to crypto, such as Coinbase or PayPal, which benefit from blockchain adoption.
👉 Explore new financial opportunities with ease and confidence.
Risks You Should Know
Cryptocurrency investing isn't without dangers:
Market Volatility
Prices can swing dramatically within hours. For example, Bitcoin dropped from ~$68K in November 2021 to ~$34K just months earlier. Always invest only what you can afford to lose.
Regulatory Uncertainty
While Canada regulates crypto platforms via FINTRAC, broader policies around taxation and classification are still evolving.
Blockchain Forks
Occasional splits in blockchain networks (like Bitcoin Cash from Bitcoin) can create uncertainty and affect holdings.
Frequently Asked Questions (FAQ)
Q: How do I start buying cryptocurrency in Canada?
A: Choose a regulated exchange like Bitbuy, verify your identity, deposit CAD via Interac or bank transfer, then buy your chosen crypto in seconds.
Q: Where is the safest place to buy cryptocurrency in Canada?
A: Platforms registered with FINTRAC—such as Bitbuy—are among the safest due to strict compliance standards and investor protections.
Q: Can I buy crypto with Interac e-Transfer?
A: Yes! Bitbuy supports Interac e-Transfer with a low $50 minimum deposit and near-instant processing.
Q: Are there fees when buying cryptocurrency?
A: Yes. Bitbuy charges a flat 0.2% fee on express trades and small deposit fees depending on the method used.
Q: Is it legal to buy cryptocurrency in Canada?
A: Absolutely. Buying, selling, and holding crypto is fully legal and subject to capital gains tax upon disposal.
Q: Can I trade crypto 24/7 in Canada?
A: Yes. Unlike stock markets, cryptocurrency markets operate around the clock, allowing trades at any time.
Final Thoughts
Buying cryptocurrency in Canada has never been easier—or more accessible. With regulated platforms like Bitbuy offering seamless CAD integration and strong security protocols, even beginners can confidently enter the market.
Whether you're looking to invest long-term or explore short-term trading strategies, understanding your options—from direct ownership to CFDs and ETFs—is key to making informed decisions.
👉 Take control of your financial future—start exploring digital assets now.
Remember: always do your research, diversify your investments, and never invest more than you’re willing to lose. The crypto journey begins with a single step—but make sure it’s a smart one.