Cryptocurrency and Everyday Use Cases in Canada

Cryptocurrency adoption in Canada has accelerated in recent years, evolving from a speculative asset class into a powerful tool for financial empowerment, payment flexibility, and investment diversification. Canadians are now using digital currencies like Bitcoin and Ethereum in more ways than ever before — not just for trading, but for everyday purchases, remittances, and even earning passive income. In this article, we’ll explore the practical use cases for crypto in Canada, and how MyBTC.ca supports you not only in the purchasing process, but when it comes time to sell your Bitcoin in Canada as well.

Buying Everyday Items with Bitcoin

More Canadian retailers are beginning to accept Bitcoin and other cryptocurrencies for payment. From coffee shops to online tech stores, crypto-friendly businesses are removing traditional barriers to purchase. Companies like Newegg.ca, which sells electronics, have long accepted Bitcoin as a payment method. Additionally, through gift card platforms like Bitrefill or Coincards, Canadians can indirectly spend their crypto at major retailers such as Amazon, Walmart, Uber Eats, and Tim Hortons.

For newcomers, MyBTC.ca makes it easy to purchase Bitcoin using a credit card, debit card, Interac e-Transfer, or bank wire. If you're looking for a fast and simple way to acquire Bitcoin or Ethereum with your Visa or Mastercard, you can do so securely through our credit card funding gateway.

Cross-Border Payments and Remittances

Traditional cross-border remittances can be slow and expensive. With cryptocurrency, such as BTC or ETH, Canadians can send money globally with lower fees and near-instant settlement. Ethereum and Solana support stablecoins (e.g., USDC), which is pegged to the U.S. dollar and minimize volatility. This makes crypto a viable alternative for families sending money abroad, gig workers paid by international clients, and travelers looking for flexible currency options.

The emergence of Canadian blockchain companies is helping streamline these processes. Our feature on the Top 5 Canadian Blockchain Companies to Watch in 2025 highlights firms building solutions for international transfers, secure identity verification, and decentralized finance (DeFi) services — making cross-border transactions more accessible and affordable for everyone.

Investing and HODLing for the Long-Term

One of the most common use cases for Canadians is long-term investing or “HODLing.” With inflationary pressures and fluctuating interest rates, many Canadians turn to Bitcoin as a hedge against fiat devaluation. As of May 2025, the price of Bitcoin reached new record highs, driving renewed interest in digital asset investment.

Securing your investment is critical. Wallets play a key role here — they can be hot (connected to the internet) or cold (offline, like hardware wallets). Learn more about choosing the right option in our guide on crypto wallet storage in Canada, which covers everything from mobile apps to advanced multisig solutions.

Earning and Paying with Crypto

Freelancers and small business owners across Canada are increasingly open to accepting cryptocurrency as payment for goods and services. Platforms like BTCPay Server or Coinbase Commerce let vendors receive crypto directly, avoiding traditional processing fees and enabling instant global access. Simultaneously, Canadian creators are monetizing digital content and NFTs through Ethereum-based platforms, creating new revenue streams.

Crypto isn’t just for receiving — you can also earn yield through staking or lending. Ethereum, Solana, and Polkadot all offer staking options, allowing you to passively grow your crypto holdings while supporting the blockchain network. These options can be managed through trusted wallets and exchanges that support staking pools or DeFi protocols.

Using Crypto for Online Gambling and Sports Betting

Cryptocurrency has become a popular funding method for Canadians who enjoy online gambling and sports betting. Bitcoin and Ethereum offer fast transactions, which is especially valuable for users who want to avoid traditional banking delays or credit card blocks on gambling-related purchases. Many top-tier platforms now accept crypto for deposits and withdrawals, often with lower fees and faster payouts than traditional methods. If you're into blackjack, poker, or sports parlays, using crypto lets you stay in the game with complete financial control. For Canadians, the following platforms are among the most trusted and crypto-friendly options:

Top 5 Crypto-Friendly Online Casinos & Sportsbooks for Canadians:

• Stake.com
  A global leader in crypto gaming with a strong Canadian user base, Stake.com offers a sleek UI, instant BTC/ETH deposits, and one of the best sportsbook experiences online.
• Bitcasino.io
  Licensed and regulated, this Bitcoin-first casino offers fast gameplay, live dealers, and over 2,500 slot and table games with top-tier crypto support.
• SportsBet.io
  A go-to for crypto sports betting fans, with full coverage of NHL, NBA, NFL, and international events. Accepts BTC, ETH, and USDT.
• Cloudbet
  Offers both casino and sportsbook action with high betting limits and early cash-out features. Known for excellent live odds and casino games.
• BC.Game
  A Canadian-friendly casino platform offering a vast library of games, sports betting, and community rewards. Accepts over 50 cryptocurrencies including BTC, ETH, and SOL.

🔒 Remember: Always verify that the platform you're using is licensed and compliant with local Canadian gambling laws. Crypto deposits are irreversible, so make sure you're betting on reputable sites.

Banking the Unbanked and Underbanked

While most Canadians have access to financial services, a growing number — particularly gig workers, immigrants, and the self-employed — prefer financial tools that don’t require bank approval. Cryptocurrency provides autonomy and direct access to digital value. Anyone with an internet connection and a smartphone can hold, send, and receive funds without needing a traditional bank account.

This accessibility is one reason cryptocurrency resonates with younger Canadians and tech-savvy professionals looking to reduce reliance on legacy institutions. Platforms like MyBTC.ca empower users with self-custody tools, competitive pricing, and a fast onboarding process that prioritizes privacy and security.

MyBTC.ca Mobile App: Crypto on the Go

To make managing crypto more convenient than ever, we’re excited to introduce new updates to the MyBTC.ca mobile app — now available on the App Store and Google Play.

We’ve redesigned the experience to take your convenience and security to the next level. With the latest update, you can now enable biometric Face ID or Touch ID 🔓 for effortless and secure login. Track your transactions, receive real-time price alerts, and manage your MyBTC.ca account with ease — all from your phone.

Crypto Education and Support for Canadians

Crypto can be intimidating at first, but platforms like MyBTC.ca make it accessible for everyone. Depending on if you’re just getting started or looking to diversify your portfolio, our educational content, helpful resources, and user-first support team are here to guide you.

Our Articles page is packed with deep dives on wallet safety, market analysis, and tips on avoiding scams — crucial reading for any responsible investor. For real-time data, check out our charts and price tracker. And when you’re ready to make your next move, our platform supports online transactions 24/7.

Empowering Your Everyday with Crypto

From daily spending to long-term wealth preservation, cryptocurrency is shaping how Canadians think about money. With platforms like MyBTC.ca offering intuitive tools, secure storage options, and fast funding methods like Banxa credit card purchases, it’s never been easier to participate in the digital economy. After all, crypto isn’t just the future — it’s already part of everyday life in Canada.