Looking to buy large amounts of Bitcoin (BTC), Ethereum (ETH) or USD Coin (USDC) in Canada? MyBTC.ca offers two convenient funding methods for larger cryptocurrency purchases: Bank Wire Transfer and Bill Payment. Both allow Canadians to fund their accounts using Canadian dollars directly from their financial institution.
Bank Wire is ideal for larger purchases ranging from $10,000 to $500,000 CAD, while Bill Payment offers a convenient alternative for transactions between $10,000 and $100,000 CAD. Depending on your financial institution and preferred payment method, you may be able to complete the entire funding process through online banking without visiting a branch.
Once your Canadian dollars arrive and your MyBTC.ca account is funded, you'll be ready to purchase Bitcoin, Ethereum or USD Coin at the current exchange rate and have your cryptocurrency delivered directly to your designated wallet address.
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MyBTC.ca offers next-business-day Bank Wire funding in many instances, with transfers generally arriving within 1–2 business days. Bill Payments also typically arrive within 1–2 business days, giving Canadians two convenient ways to fund larger cryptocurrency purchases.
Ready to buy bigger? Click the red "Buy Now" button above to create or sign in to your MyBTC.ca account, complete identity verification and explore your funding options.
How Can I Buy Large Amounts of Bitcoin in Canada?
Looking to buy larger amounts of Bitcoin fast? MyBTC.ca's Bank Wire Transfer and Bill Payment options are designed for Canadians who want to purchase larger amounts of cryptocurrency while taking advantage of lower funding fees compared to smaller payment methods.
Both methods support purchases starting at $10,000 CAD. Bank Wire allows funding up to $500,000 CAD, while Bill Payment supports transactions up to $100,000 CAD, subject to applicable account requirements and financial institution limits.
Buying Cryptocurrency with Bank Wire Transfer
Verified MyBTC.ca clients can get started by visiting the MyBTC.ca funding page, selecting Bank Wire and clicking the red "View Instructions" button.
Follow the instructions provided for your account, including any additional information or compliance documentation requested by our team. Once the necessary details have been provided, you'll receive the banking instructions required to complete your wire transfer.
Depending on your financial institution, you may be able to initiate your Bank Wire directly through online banking. Otherwise, you'll need to visit your local bank branch and provide the wire transfer instructions to the teller.
The most important part of funding your account via Bank Wire is getting your transfer sent early enough for the bank to process it. Sounds simple enough, right? One of the most common barriers to next-business-day funding is waiting until the last minute, particularly before weekends or banking holidays.
The sooner in the day you complete your Bank Wire Transfer, the better your chances of receiving next-business-day funding. While many transfers arrive the following business day, processing can take up to 2 business days depending on your financial institution and the timing of your transfer. In short, the early Bank Wire bird gets the Bitcoin!
Once your wire has been sent, keep a copy of the bank's confirmation or receipt, including the required reference code. Follow any instructions provided by our team for submitting proof of payment. Once your Bank Wire arrives and is processed, your MyBTC.ca account balance will be credited with the applicable amount after funding fees, allowing you to complete your cryptocurrency purchase.
Buying Cryptocurrency with Bill Payment
Prefer to fund your cryptocurrency purchase directly through online banking? MyBTC.ca also offers Bill Payment, a convenient alternative to Bank Wire for Canadians purchasing between $10,000 and $100,000 CAD in Bitcoin, Ethereum or USD Coin.
Bill Payment is available through select compatible Canadian financial institutions and allows eligible customers to send Canadian dollars without visiting a physical bank branch.
To get started, visit the MyBTC.ca funding page, select Bill Payment and follow the instructions provided for your account. You'll use the appropriate payment details within your online banking to initiate the transaction.
Bill Payments typically arrive within 1–2 business days. Once your payment has been received and credited to your MyBTC.ca account, you'll be ready to complete your cryptocurrency purchase.
With a published funding fee of 3.95%, Bill Payment can be an attractive option for Canadians who want to purchase larger amounts of cryptocurrency while keeping funding costs down.
Which Funding Method Should I Choose?
Bank Wire is a great choice for customers purchasing larger amounts of cryptocurrency, particularly transactions exceeding $100,000 CAD. It supports funding up to $500,000 CAD and many transfers arrive by the next business day.
Bill Payment is a convenient alternative for eligible customers purchasing between $10,000 and $100,000 CAD. With a lower published funding fee and the ability to complete the process through compatible online banking platforms, it's worth considering before heading to your local bank branch.
Whichever method you choose, remember that funding times depend on your financial institution, banking hours and the completion of any applicable account verification or compliance requirements.
For a complete breakdown of available payment methods, transaction limits and fees, visit our Funding Limits and Fees page.
Need Help Buying Large Amounts of Cryptocurrency?
Remember to contact MyBTC.ca support with any questions you may have. A member of our team will be happy to guide you through the process step by step, one on one, so you have peace of mind when funding your account.
Whether you're making your first large Bitcoin purchase or returning to buy more Ethereum or USD Coin, we're here to help you find the funding method that works best for your needs.
We can't wait to help you get started with your next large cryptocurrency purchase. Let's get you on your way to buying Bitcoin, Ethereum or USD Coin with MyBTC.ca today!
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