How to Buy Bitcoin with Cash or Debit at Canada Post

ARCHIVED ARTICLE. Instead, use cash to buy a Flexepin voucher. See article: https://mybtc.ca/article/7-simple-steps-to-buy-bitcoin-with-flexepin-vouchers

In September of 2019, we wrote an article for Blockgeeks.com featuring step-by-step instructions on how to verify your identity at Canada Post to unlock access to payment options we extend to our users for purchasing Bitcoin. The latter part of the article also describes the process of funding your MyBTC.ca account by using Cash or your Interac Debit card while you are still at Canada Post completing your ID verification.

Since the guide published on Blockgeeks.com highlights the process every step of the way, we suggest you navigate to the respective post for a full set of the easy-to-understand instructions: How to Verify Your Identity for Bitcoin at Canada Post!

Remember, you can also buy bitcoin in Canada using your credit card or debit card with Banxa for additional buying power!

How to Buy Bitcoin with Cash or Debit in Canada Today

The Canada Post guide above is archived, so here’s how you can buy Bitcoin with cash or a debit card on MyBTC.ca right now. You no longer need to go anywhere to verify your identity: it’s done online by uploading a clear, full-colour photo of your valid government-issued photo ID and a photo of yourself holding it. Submissions are usually approved within 1 hour.

Option 1: Pay cash for a Flexepin voucher

Flexepin is a prepaid voucher you can buy with cash or debit at participating retailers across Canada, such as convenience stores and gas stations. Each voucher has a unique 16-digit PIN that you redeem on MyBTC.ca to fund your account.

• Limits: $20 to $500 per transaction, up to $500 per day and $7,500 per month.
• Fee: 9.75% or $5.00, whichever is greater.
• Timing: instant funding once your voucher is redeemed.

Use our Flexepin voucher locator to find a store near you, then follow our 7 simple steps to buy Bitcoin with Flexepin to redeem it.

Option 2: Send an Interac e-Transfer from your bank account

If your debit card is linked to a chequing account, Interac e-Transfer is usually the easier route for larger amounts. You send the money from your online or mobile banking, using the instructions on your MyBTC.ca funding page.

• Limits: $25 to $25,000 per transfer, up to $100,000 per day.
• Fee: 7.75% or $5.00, whichever is greater.
• Timing: usually 0 to 30 minutes.

Your transfer must come from a Canadian bank account registered in your own name, showing the same first and last name as your verified profile. Our Interac e-Transfer guide walks you through each step.

Quick Answers

Can a friend or family member send the money for me? No. MyBTC.ca doesn’t accept third-party funding. All funds must come from you.

Can I cancel once my Bitcoin is sent? No. Blockchain transactions can’t be reversed, so double-check your wallet address before you confirm your order.

Can I buy on weekends? Yes. You can place orders 24/7/365, and Flexepin funding is instant, so a voucher bought on a Sunday can be redeemed right away.

Author: Duane Seamans, MyBTC.ca CEO