How to Buy Bitcoin Using Interac e-Transfer

When you fund your account to buy bitcoin using Interac e-Transfer you’ll get to see why it's Canada’s most popular payment method. Familiarity reigns supreme when navigating the Interac e-Transfer product within your online banking. Most people already send friends or family CAD electronically — making the process refreshingly simple and speedy.

When you’re on the MyBTC.ca/fund page, click or tap the red “View Instructions” button for the Interac e-Transfer payment method selection. View the details provided in the MyBTC.ca Interac e-Transfer Instructions such as Recipient Name, Recipient Email, and the Security Question & Answer so that you can add them into the appropriate fields within your online banking. Please use the provided clipboard to copy and paste the information to ensure accuracy.

The next step is to add MyBTC.ca to your Interac e-Transfer recipient list. Remember to double check your list of recipients — this will help make sure you’re all set to fire off your e-Transfer with the click of a button. The minimum send amount is $30 and maximum depends on your bank account. The majority of e-Transfer daily limits are $2,000 to $3,000 per rolling 24 hours although some accounts or businesses offer up to $10,000 per single transaction.

Once you’ve selected the amount you’d like to send and account bearing your first and surname, send your e-Transfer! Your funds will arrive either instantly or in exactly 30 minutes — depending on the account and bank. Once we receive your e-Transfer, MyBTC.ca auto-accept intelligence will process your funding in approximately 5 minutes and you will receive an email notification immediately once your account balance has been populated.

Take a moment to view this tutorial video to make sending your transaction easier and faster by learning visually how to fund your account via Interac e-Transfer.

If you want to buy more Bitcoin than your banking limits will grant you, please contact MyBTC.ca support immediately and our friendly staff will assist your scenario and work with you to find a solution that fits your buying goals so you can hit your target today.

Click here to fund your account via e-Transfer and thank you for choosing MyBTC.ca!

Published: 2022-02-14

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