How to Buy Bitcoin with Interac e-Transfer
Funding your account to buy bitcoin using Interac e-Transfer is by far the most popular method of payment. Most people are already familiar with navigating Interac’s e-Transfer product within their online banking from sending friends or family cash electronically.
Once you’re on the MyBTC.ca/fund page, click the red “View Instructions” button for the Interac e-Transfer option. Use the details provided in the MyBTC.ca Interac e-Transfer Instructions such as Recipient Name, Recipient Email, and the Security Question & Answer that you are viewing. Please use the provided clipboard to copy and paste the information.
You’ll then simply add MyBTC.ca to your Interac e-Transfer recipient list. You can double check your list of recipients to ensure we’re there and ready to rock!
The minimum send amount is $30 and maximum depends on your bank account. Most e-Transfer daily limits are $2,000 to $3,000 per rolling 24 hours although some accounts or businesses allow up to $10,000 per single transaction.
Once you’ve selected the amount and account, fire away! Interac e-Transfer will arrive either instantly or in exactly 30 minutes — depending on the account and bank. Once arrived, 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.
Watch this instructional video to learn more on funding your account via Interac e-Transfer.
If you want to buy more bitcoin than your banking limits will allow for, please contact MyBTC.ca support immediately and our friendly staff will troubleshoot your unique scenario and work with you to find solutions that fit your buying needs.