How to Buy Bitcoin (BTC) in Canada

How to Buy BTC in Canada

“Bitcoin is the oldest and most popular cryptocurrency. It is often compared to gold.”

BUY PRICE1 BTC = CAD $0.00

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SELL PRICE1 BTC = CAD $0.00

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SUMMARY1. Brief Intro2. Price3. How to Buy4. Why Netcoins?5. About Bitcoin

Brief Intro

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.

Bitcoin Price

Buy Bitcoin

BTC / CAD

CAD $ -

1H24H7D

Buy Price$0.00

Sell Price$0.00

24h High$0.00

24h Low$0.00

How to Buy Bitcoin

1. Create an Account

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

https://www.youtube.com/watch?v=p9uRGnEC1vQ&ab_channel=Netcoins

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More about Bitcoin

Bitcoin’s History and Background

Since its launch in 2009, bitcoin inspired the creation of thousands of alternative cryptocurrencies (called ‘altcoins’ for short). However, bitcoin is unique in that it’s decentralized, public for the world to use, and scarce (its limited supply is capped at 21 million BTC). Scarcity can play a key role in providing value to an asset. Much like scarcity helped gold maintain its value for 10,000 years, bitcoin’s scarcity should also help bitcoin maintain its value in the long-term. That’s why many people, corporations and institutions are turning to bitcoin. They see bitcoin’s scarcity as a way to maintain their wealth and protect it from a loss of purchasing power created by inflation. To them, bitcoin is a safe haven asset and the ultimate way to hedge against risk in a time of extreme economic uncertainty. Having said that, bitcoin is still considered a risky investment. Although bitcoin has made overnight millionaires, it has also made people lose all their savings. After all, volatility works in both directions. High volatility assets can work in your favor and yield great potential for return, but they can also work against you by causing you to take on big losses. That is why it’s important to heed the age-old advice: never invest more than you’re ready or willing to lose. It’s ultimately up to you to decide how much you wish to invest in bitcoin. The beauty of bitcoin is that anyone, anywhere around the world can buy fractions of a bitcoin. If you decide to buy BTC but are not sure how much to buy, you can start by practicing any one of these strategies: Investing a percentage of your wealth into bitcoin (like 1% or 10%) Dollar-cost-averaging (buying a set amount of bitcoin every day, week or month) Buying the dip (buying when bitcoin prices decrease) Starting with as little as $10 to test it out yourself. Finally, it’s important to zoom out. When zooming out, you’ll notice bitcoin generally trends upward despite taking small dips along the way. When we zoom out we can see that bitcoin has been the best-performing asset of the decade outperforming real estate, gold and the S&P 500. Finally, it can be wise to build an investment portfolio that has a mix of traditional assets (like real estate, gold, stocks) and non-traditional assets (like bitcoin) in order to protect your wealth.

How much BTC can I Buy?

You don’t need to buy 1 entire Bitcoin to get started! You can buy fractions of a bitcoin. In fact, the smallest possible unit of BTC is called a satoshi (sats for short) and is equivalent to 0.00000001 BTC (8 decimal places). Many beginners start their Bitcoin journey by stacking sats. You can start as small as $10, or invest up to $10 million with Netcoins.

Why Buy Bitcoin?

Bitcoin gives control back to the people. In a traditional (centralized) money system, only the government and people of great power get to control the supply and worth of money. The fact that it’s a new asset class is also exciting. You’ll find that a lot of people buy bitcoin for investment purposes and as an alternative to hard assets like gold. Bitcoin is also great for online payments because of the low fees and its ability to go across borders quickly. Here are four more reasons why people buy BTC: Bitcoin is decentralized. No single institution or person controls the bitcoin network, which helps to maintain its integrity. It is run by a distributed and open network of dedicated computers. There is a finite supply of bitcoin. The number of new bitcoin created every 10 minutes will decrease at every until the maximum of 21 million is reached. This is programmed in its algorithm. Bitcoin is highly divisible. Bitcoin can be bought in fractions, the smallest unit being called a satoshi. That is one hundred millionth of a bitcoin (0.00000001). This allows for micro-transactions and allows investors to start small. Bitcoin transactions cannot be reversed, unlike electronic fiat transactions. This also means that transactions that have been recorded on the network cannot be tampered with or modified. It’s on the blockchain for all to see!

Bitcoin & The Future

2021 was a historic year for bitcoin: Corporations like MicroStrategy and Tesla put bitcoin into their balance sheets. Macro traders like Paul Tudor Jones, Stanley Druckenmiller and Ray Dalio said bitcoin is a storehold of value. Investment banks like JP Morgan, Citibank and Goldman recognized the importance of bitcoin and suggested people put a small portion of their wealth into bitcoin. Finally, small nation states like El Salvador began adopting bitcoin as legal tender. Never before have we seen bitcoin get global recognition as a new store of value asset like we did in 2021. Part of the reason why bitcoin accelerated in 2021 was due to the COVID-19 pandemic. When the pandemic hit, governments and central banks were forced to print trillions of dollars in order to keep their economies afloat. But too much money in the economy created inflation and diluted the value of the dollar (and ultimately shrank people’s savings). In a desperate attempt to protect their wealth, investors looked for alternative assets that would not lose value, were not prone to hyperinflation and were not affected by governments and central banks. They found bitcoin. It’s no surprise we saw record new prices for bitcoin in 2021. It’s easy to buy and sell bitcoin with Netcoins, and you can get started with as little as $10. History has shown us that a small portion of bitcoin today can go a long way in a few years. This post is for informational purposes only. For proper financial advice, we recommend you speak to a financial advisor.

FAQs

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?

Netcoins Inc. is a licensed money service business under FINTRAC, and a registrant under the Provincial Securities Commissions, and adheres to the strict guidelines set by them for Money Transmitter Businesses and Securities Registrants. We are required to have a Know-Your-Client (KYC) process and compliance program in place. KYC is a process that allows us to verify the identity of our customers.

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.

How can i fund my account?

Your Netcoins account can be funded with a crypto 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 BTC in Canada.

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Netcoins is owned by BIGG Digital Assets, a publicly traded company on the OTCQX under BBKCF.