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How to buy Bitcoin(BTC) in Canada

Updated on:  2024/02/22 05:30:47(UTC+0)
Coin rating
4.1
Bitget is legally accessible in Canada. You can buy Bitcoin in Canada through Bitget.
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In this tutorial, we will discuss:
1
Where and how to buy Bitcoin in Canada
2
Alternative methods to obtain Bitcoin in Canada
3
Methods to obtain Bitcoin for free
4
What are the applications of Bitcoin in Canada
5
Market stats to assist in determining optimal times for purchasing Bitcoin
6
How to safely store your Bitcoin
7
How to withdraw Bitcoin

Where and how to buy Bitcoin in Canada

Investing in Bitcoin has never been easier. Simply sign up on Bitget, complete the identity verification process, and make payments using bank transfers, debit cards, or credit cards, all while ensuring security through crypto wallets. This is a widely adopted method to buy Bitcoin. Here's a step-by-step guide on how to buy Bitcoin on Bitget.

Step-by-step guide

Step 1: Create a Bitget account.

Sign up and download the Bitget app to start your journey on Bitget.

Step 2: Complete Bitget's identity verification.

Kindly verify your identity to ensure full compliance and enhance your Bitget experience.
You can access the identity verification page, fill out your country, upload your ID documents, and submit your selfie. You will receive a notification once your identity has been successfully verified.

Step 3: Place a Bitcoin order through any of the various payment options provided.

Credit/Debit card: For Visa/Mastercard, select Credit/Debit card and then click Add New Card in the Buy Crypto tab.
Complete your payment on Bitget AppCredit/Debit in the Buy Crypto tab of the Bitget app
Enter the bank card details to complete your payment on Bitget WebsiteCredit/Debit in the Buy Crypto tab of the Bitget website
Select your preferred fiat currency, enter the amount you wish to spend, link your credit card, and then complete your payment with zero fees.
Complete your payment on Bitget AppAdd a new card to complete your payment on the Bitget app
Enter the bank card details to complete your payment on Bitget WebsiteEnter your bank card details to complete your payment on the Bitget website
For Diners Club/Discover card, click Buy Crypto > [Third Party] in the top navigation bar to place your Bitcoin order.
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How to buy crypto with credit/debit card
Google Pay and Apple Pay: Turning your Google Pay and Apple Pay balance into Bitcoin is easy and secure on Bitget. Click Buy Crypto > [Third Party] in the top navigation bar to place your Bitcoin order.
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How to buy crypto via third-party gateway
Buy Bitcoin via bank transfer: We accept iDeal and SEPA for EUR payments, PIX for BRL payments, PayID for AUD payments, UPI for INR payments, QRIS, DANA, and OVO for IDR payments, SPEI for MXN payments, and Gcash for PHP payments. Services are provided by the AlchemyPay, Banxa, Mercuryo, and Simplex payment gateways. Select Buy Crypto > [Third Party] in the top navigation bar, then select a fiat currency to place your Bitcoin order.
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How to buy crypto on Bitget P2P
Buy Bitcoin with your Bitget account fiat balance: You can Deposit fiat funds with Advcash, SEPA, Faster Payments, or PIX payment gateways to top up your Bitget fiat balance. Then, click Buy Crypto > [Cash conversion] in the top navigation bar to place your Bitcoin order.
Zero-fee P2P trading: With Bitget P2P, you can buy crypto with over 100 payment methods, including bank transfer, cash, and e-wallets like Payeer, Zelle, Perfect Money, Advcash, and Wise. Just place an order, pay the seller, and you'll get your crypto. Enjoy secured transactions using escrow.

Step 4:Monitor Bitcoin in your Bitget spot account

If you've chosen to purchase Bitcoin on Bitget, your Bitcoin will be instantly credited to your Bitget spot account upon payment completion. You can click Assets located on the top right corner of the page to check your assets. Additionally, you can buy, deposit, convert, trade, and withdraw them.
Check your Assets
Check your assets

Alternative methods to obtain Bitcoin in Canada

In addition to purchasing Bitcoin directly, there are numerous other ways to obtain Bitcoin.

Convert crypto to Bitcoin with Bitget Convert

Bitget Convert offers a secure, swift, and zero transaction fee method to convert crypto to Bitcoin. Just choose your available crypto assets, specify the amount for the Bitcoin swap, confirm, and check Bitcoin instantly credited to your spot account. Ensure sufficient account balance before proceeding with the conversion.
Bitget Convert Preview
Bitget Convert preview

Swap on-chain assets to Bitcoin with Bitget Swap

Unlike buying or selling crypto, swapping does not access traditional financial rails since fiat currencies are not involved. Bitget Swap supports over 250,000 cryptocurrencies on 30 major blockchains including Ethereum, Polygon, and Solana. You can exchange any other crypto to Bitcoin anytime, anywhere, including cross-chain transactions. Transaction gas fees are automatically converted.
Click Trade > [Bitget Swap] in the top navigation bar to swap any other cryptocurrency for Bitcoin.

Methods to obtain Bitcoin for free

Using real money to buy Bitcoin is not the only way to obtainBitcoin. If you have the time to allocate, you can get Bitcoin for free.
Learn how to earn Bitcoin for free through the Learn2Earn promotion
Earn free Bitcoin by inviting friends to join Bitget's Assist2Earn promotion
Receive free Bitcoin airdrops by joining On-going challenges and promotions
All crypto airdrops and rewards can be converted to Bitcoin through Bitget Convert, Bitget Swap, or Spot Trading.
Note: Want to keep tabs on coin prices? Visit our Coin prices directory or Bitcoin Price Page and bookmark them to stay updated!
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Bitcoin Price Now:
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The live Bitcoin price today is $51630.29 USD with a 24-hour trading volume of $593536533.79 USD. We update our BTC to USD price in realtime. BTC is -1.00% in the last 24 hours.
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How to buy Bitcoin in other countries?

You can easily buy Bitcoin (Bitcoin) with the lowest fees and highest security wherever Bitget is available. Select your country in the search box below to start buying Bitcoin in your preferred location:
This information is manually updated. If you come across any inaccuracies, please inform us at [email protected]. Last checked on 2024-02-22.

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What can you do with Bitcoin?

Now that you've secured your share of the digital revolution, it's time to take the next steps. Whether you're a seasoned investor or just starting out, explore our advanced trading features, like margin trading and futures trading, to amplify your potential returns. Keep an eye on the market through our intuitive interface and real-time charts, helping you seize opportunities as they arise. Consider staying ahead of market trends with Bitget's insightful educational resources, providing you with the knowledge you need to make informed trading decisions. Your crypto journey has just begun. With Bitget, you're positioned to navigate the exciting world of cryptocurrencies with confidence. And remember, our dedicated customer support team is here to assist you on your journey, addressing any queries you might have.
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Store/Hold Bitcoin

Many users hold on to their Bitcoin with the expectation of it increasing in value. You can store your BTC safely on your Bitget account or on our crypto wallet app BG Wallet, the most user-friendly and secure mobile wallet.

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Trade Bitcoin

You can trade Bitcoin for 150+ cryptocurrencies on Bitget’s industry-leading, fast, and secure trading platform. Bitget offers many trading pairs for Bitcoin trading to meet your needs.

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Send Bitcoin

Yes, Bitget allows you to easily transfer value around the world, fast. You can buy Bitcoin online and send to anyone and anywhere with their Bitcoin address.

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Spend Bitcoin

You can also buy goods and services with your Bitcoin. More and more vendors and retailers accept Bitcoin every day.

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Donate Bitcoin

Bitget Charity accepts Bitcoin donations for global projects that aim to improve the lives of people in the bottom billion. You can donate Bitcoin so no one misses out on the growth made possible by blockchain.

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Learn More About Bitcoin

You can read more in-depth articles on Bitcoin from Bitget Research and study how cryptocurrencies like Bitcoin work on Bitget Academy

Market stats to assist in determining optimal times for purchasing Bitcoin

Maybe you just need to know more about it. Let us briefly guide you through the most interesting Bitcoin facts from our Bitget Academy articles. Learn why people buy Bitcoin today!

What Is Bitcoin (BTC)?

In 2008, a paper authored by Satoshi Nakamoto titled “Bitcoin: A Peer-to-Peer Electronic Cash System ” was posted. The paper introduced the basic concept of Bitcoin as a decentralized peer-to-peer digital currency. In the next year, Satoshi Nakamoto mined the first block and received 50 bitcoins as a block reward. Bitcoin was launched in 2009. It provides users with the ability to send and receive digital money without any intermediaries like financial institutions.

Unlike the fiat currencies such as USD, there is not any centralized institution like a bank or government controlling Bitcoin, which means no government issues it, and no banks or institutions manage accounts and verify transactions. Instead, the financial system in Bitcoin is run by thousands of computers distributed around the world. Transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain. Anyone can participate in the ecosystem of Bitcoin.

How Bitcoin Works

Bitcoin is a system of decentralized verification based on math and cryptography. The details of a transaction are public and open to anyone. In a Bitcoin transaction, if Sender A sends a Bitcoin to Receiver B, the transaction details including the sender, receiver and the amount of coins will be recorded on a particular database called “blockchain ”.

A blockchain is a chain of blocks that contains all the transaction information. Each block contains the hash of the previous block which acts as a fingerprint of a block, unique and unrepeatable. It prevents the data from being changed by anyone and helps secure transparency and safety. There is no centralized bank or institution to process transfers. Those who record the transaction details and store them in the chain will receive Bitcoins as a reward.

The Bitcoin blockchain uses a mechanism called the "Proof-of-Work " which allows to secure the blockchain, to trace, and to have proof that simply all the transactions made on the blockchain are valid.

Let's say Alice wants to send Bitcoin to her friend named Bob. As a reminder, when there is a transfer of Bitcoins, for this transfer to take place, several conditions are required. First of all, it is necessary to verify that Alice is solvent and therefore that she has the quantity of bitcoins she wants to send. Then, the transaction must be registered in a register and recorded in what is commonly called the "blockchain." It is then necessary to register Alice's sending of Bitcoins to Bob in the blockchain, which is a digital ledger to which all participants in the Bitcoin network have access. When Alice sends to Bob for example 1 BTC, there are then people with more or less powerful computing machines, who are called "miners," and who are located a little bit everywhere in the world, who when the transaction is going to be initiated are going to fight to solve a complex mathematical problem and the first one who succeeds in solving this complex mathematical problem will have the right to add the transaction that Alice carried out towards Bob in the blockchain. And in fact, when a miner adds a transaction to the blockchain, he is rewarded by the blockchain via an algorithm and receives BTC in exchange for his efforts.

How Much Bitcoin (BTC) Is in Circulation?

Bitcoin has not been pre-mined, meaning that no coins have been distributed between the founders before it became available to the public. The long-term vision of Bitcoin’s creator has resulted in a hard supply limit of 21,000,000 coins, making it a scarce, thus valuable, asset. To date, 19 million bitcoins have already been issued - mined, with about 2 million bitcoins still to be released, signaling a near-future pivotal point in its evolution.

The successful miner finding the new block collects all transaction fees from transactions they included in the block and a reward of newly created bitcoins. All bitcoins in existence have been created through this type of transaction. When Bitcoin was first established, the reward was 50 bitcoins per block - this number gets halved with every 210,000 new blocks mined (approximately every four years ). As of May 2020, this reward is currently 6.25 bitcoins. Eventually, in 2140, the reward will round down to zero, no new bitcoins will be issued, and the limit of 21 million bitcoins will be reached, the miner will then be rewarded by transaction fees only.

Moreover, the amount of BTC in circulation will only decrease with time due to various reasons such as lost wallet private keys, sending Bitcoin to the wrong addresses, etc. All these reasons are likely to cause Bitcoin to go down in supply and increase in value as a result.

Bitcoin Value and Price

Maybe you have never owned or bought Bitcoin before, but you will definitely have heard the name somewhere. When we look back, it has been such an impressive journey for Bitcoin.

Bitcoin Price History

It was worth nothing when the pseudonymous Nakamoto Satoshi published the Bitcoin whitepaper and changed hands barely above zero in the next five years. Do you know that there is a Bitcoin Pizza Day that is celebrated on May 22 every year? It was the first time ever that Bitcoin was used in a commercial transaction, as a man in Florida agreed to pay for his two delivered pizzas with 10,000 BTC in 2010.

It took the coin three more years to climb to the US$1,000 mark and even led to the installation of the first Bitcoin ATM in Vancouver, but the rally did not last long. At that time, many had predicted the fall of Bitcoin and referred to it as a scam, only to be stupefied by the 2017 upsurge. Bitcoin price exceeded US$20,000, representing a return of 20X in less than 12 months and a market capitalization of over US$1 billion dollars. It immediately captured the attention of mainstream media, encouraging more retail investors to trade and hold BTC.

To date, Bitcoin is inarguably the most well-known and most traded cryptocurrency for more than a decade. Skeptics waiting for the fall of crypto have been stunned when the famous coin hit US$67,000 in 2021.

How much of the world’s money is in Bitcoin now?

The global balance sheet of 2020 reported a total wealth of US$1,540 trillion, while the market cap of Bitcoin currently stands at US$787.4 billion.

Is Bitcoin an alternative store of value?

It is too early to dismiss the idea that Bitcoin may become the new store of value . What we know is Bitcoin is on the same beginning track as all other existing stores of value and, considering its current market cap, there is much more to observe until Bitcoin price finally reaches its steady state.

For now, Bitcoin meets the four criteria of being (1) rare, (2) the medium of exchange, (3) the unit of account, and (4) the store of value, so it is considered by many to be "digital gold".

How to Buy Bitcoin

If you're interested in becoming a part of the Bitcoin ecosystem, one of the first steps you can take is to purchase crypto. There are various ways to do so, such as instantly buying crypto with credit/debit cards , via bank transfer, via peer-to-peer transactions, or even in-person purchases. Alternatively, you can deposit funds into your Bitget account and use them to purchase cryptocurrencies, including Bitcoin.

Once you have Bitcoin, you can use it for a variety of purposes, including crypto purchases, investment, or even as a means of transferring value across borders without the need for traditional financial institutions.

Consider investing in Bitcoin (BTC)? It only takes 2 minutes to register an account on Bitget and start trading Bitcoin. Check out the available BTC trading pairs on Bitget!

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Buy Bitcoin in Canada with Bitget 

How to safely store your Bitcoin

Many investors opt to hold onto their Bitcoin for long-term investment. Safeguard your Bitcoin with confidence using the Bitget Wallet, known for its industry-leading security and risk control, backed by Suntwin Technology, Qingsong Cloud Security, HEAP, and Armors. Sign up now to enjoy the perks of owning a Bitcoin wallet at Bitget.

How to withdraw Bitcoin with Bitget's hassle-free withdrawal process

Using an exchange is one of the most convenient methods to cash out your Bitcoin or other crypto, and Bitget stands out as an excellent choice. With its user-friendly Buy/Sell buttons, Bitget simplifies the experience, allowing you to intuitively select the cryptocurrency you want to sell and specify the sell amount.
When it comes to withdrawing the Bitcoin you've acquired, Bitget offers a seamless experience. Enjoy competitive fees, a flexible minimum withdrawal threshold, and lightning-fast delivery times within 24 hours, ensuring your is readily available for you.
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Canada is a country located in North America, it is bordered by the United States on land and the Atlantic Ocean to the east, and the Pacific Ocean to the west. Canada is not only the second-largest country by the total area of land, but also has the world's longest land border. Canada has a population of 36,991,981, and the currency is the Canadian dollar (CAD). The official languages in Canada are English and French, and both languages are supported on Bitget app and website.


The climate in Canada varies across different regions within the country, some of the areas experience harsh winters (with an average daily temperature of -15 °C). Much of the land in the northern part of Canada is covered by ice and permafrost and it is home to the Inuit people in Canada. The Inuit are the indigenous group of people who live in extremely cold weather such as in places like Alaska, northern Canada, and Greenland. You can go to Inuit Nunangat, a place where many Inuit people live, to experience the weather and see the houses that are made out of the seal’s skin.


Whether you are in Montreal, Calgary, or Vancouver, Bitget is ready to serve you with any kind of cryptocurrency needs. You can buyBitcoin(BTC)easily on Bitget, and enjoy full products and services such as crypto deposit, P2P, spot, and futures trading.

When investing in crypto currencies you want to be sure to rely on one of the best canadian crypto exchanges. Bitget is listed among the top crypto exchanges in Canada and offers a variety of crypto trading products to provide you with the best trading instruments in the crypto market.

With the Bitget App you will be able to track all the crypto currency prices at anytime. Whether you are a daily trader or a long term holder in Bitget you will find products for spot trading, cryptocurrency futures, trading bots, copytrading and much more.

If you haven’t heard of it yet, socia l trading and copytrading are some of the new trading concepts in the crypto industry. Those instruments allow you to look for the best crypto traders on Bitget and copy their strategies.

FAQ
How do I purchase Bitcoin?
Nowadays, you can purchase and store Bitcoin hassle-free on a CEX like Bitget. You can use your debit/credit card, bank transfer, or perform peer-to-peer trading to buy Bitcoin. You can easily do it on your computer, tablet, iOS, or Android.
Can I buy US$1 worth of Bitcoin?
In theory, Bitcoin can be divided and bought in an amount that is worth US$1, but on Bitget, the minimum order amount on the spot market is limited to US$5.
Can I buy US$10 of Bitcoin?
Yes, can be divided and bought in an amount that is worth US$10. On Bitget, the minimum order amount on the spot market is limited to US$5.
Where else can I buy Bitcoin?
If a token is not available for purchase via the P2P market or debit/credit card. You can place a buy order for it via the spot market.
Where is the best place to buy Bitcoin?
The best place to buy Bitcoin is the exchange that provides hassle-free and secure transactions combined with a convenient interface and high liquidity. Millions of users every day choose Bitget as a trusted crypto purchase platform.
Should I buy Bitcoin right now?
You should make a decision on purchasing or investing in Bitcoin or other tokens after performing your own research and analysis. Bitget provides user-friendly crypto trading and purchasing services. Additional resources such as Bitget Academy and Bitget Insights help users to navigate the current market news and trends.
Cryptocurrency investment activities, including actions done to buy Bitcoin online via Bitget, are subject to market risk. Bitget provides easy and convenient ways for you to buy Bitcoin instantly, and we put our best efforts to fully inform our users about each and every cryptocurrency we offer on the exchange, but we are not responsible for the results that may arise from your Bitcoin purchase. This page and any information in it is not meant to be interpreted as an endorsement of any particular cryptocurrency or method of acquiring it.