Bitcoin was the first cryptocurrency created in 2008 by pseudo-anonymous creator, Satoshi Nakamoto. It was created to offer a “peer-to-peer digital cash system” whereby two parties can transact directly without having to go through a financial institution. This important trait of bitcoin is called decentralization. Bitcoin is often compared to gold because of its limited supply and its potential as a store of value. It does have some distinct differences from your conventional money like Euros, USD, and CAD though. It exists only virtually and unlike traditional money that can be printed constantly, there is a limited supply of bitcoin – 21 million to be exact, which helps to ensure true scarcity. When buying bitcoin, some prefer to stick to Canadian crypto exchanges/platforms due to the ease of funding with Canadian dollars, but there’s also a handful of international crypto exchanges that Canadians can leverage. If you are wondering how to buy bitcoin in Canada, Netcoins is a publicly-owned, fully regulated crypto trading platform based in Canada. With 0% funding fees free cash withdrawals with e-transfers and live customer support service seven days a week, we make it simple for Canadians to buy BTC and other cryptocurrencies.
1. Create an Account
Sign up for an account and provide some personal details to get your account verified.
2. Fund It
Your Netcoins account can be funded with a crypto deposit, an Interac e-transfer or a bank wire transfer.
3. Start Trading
Buy and sell as much Bitcoin as you want with no slippage due to our deep liquidity
4. Video Tutorial on How to Buy Bitcoin with Netcoins
Bitcoin’s History and Background
How much BTC can I Buy?
Why Buy Bitcoin?
Bitcoin & The Future
Why buy Bitcoin?
Bitcoin is a great way for investors to diversify their portfolio by having non-traditional assets (bitcoin mixed in with traditional assets (gold, real estate, stocks). People invest in bitcoin for three main reasons: They believe it’s the future of money It’s potential as a store of value As a hedge against inflation Bitcoin has actually been the best performing asset over the last 10 years, outperforming the S&P500. Even major institutions and corporations have invested in bitcoin. Now that you know a little more about how to buy bitcoin and why it’s a good investment, trust Netcoins to help you. We make it easy to buy bitcoin crypto so that you can buy as much as you like – or as little as $10 – in a quick and easy way. Contact us if you need support.
Why is KYC (verification) required?
As a Money Service Business (MSB) registered with FINTRAC, we are required to have a Know-Your-Customer (KYC) process and compliance program in place. KYC is a process that allows us to verify the identity of our customers, as per Canadian regulations.
What do i need to provide for your verification process?
You will have to provide your email address, phone number and personal information including your first name, last name, address, date of birth and a piece of identification (like a driver’s license). Most users are verified at this point through our automated process. If you don’t pass the automated KYC process, you will have to go through an additional document verification stage. This is important and required as we are a regulated money service business in Canada.
How can i fund my account?
Your Netcoins account can be funded with a bitcoin deposit, Interac e-Transfer, or a bank wire transfer. Once you have funds in your Netcoins account, you’ll find that it’s super easy to buy bitcoin in Canada.