How to Buy Bitcoins in Canada
MyBTC.ca is a Canadian brokerage exchange site that helps you to buy Bitcoin in seconds with Interac e-Transfer, Interac Online, Visa or Mastercard Credit or Debit Card, Bank Wire, Flexepin vouchers and Cash or Interac Debit Card
Most people use MyBTC.ca because it allows them to buy Bitcoin within seconds with Canada's most convenient payment methods. We provide some of the best and most responsive customer support times the Canadian Bitcoin exchange space has to offer.
Before creating MyBTC.ca, our CEO was operating in the Bitcoin space since 2014. He maintained a trusted 100% feedback score as a broker with 10,000+ trades on peer-to-peer platforms to over 3,000 individuals. Building on the success, he wanted to create a platform specifically for Canadians to better serve the buying needs in our country with fast and convenient payment methods.
Over the lifespan of MyBTC.ca, we have managed to become authorized merchants for Interac, Flexepin and have an agreement by crown corporation Canada Post for ID verification. Plus, we have stable banking with a Canadian financial institution where our funds are insured.
If you'd like to see what others are saying about our product and service, we encourage you to check out our customer reviews online:
You’ll be prompted to confirm your email address and enter some basic information like name(s), address and date of birth.
After your account is open, you’ll then need to complete ID verification at Canada Post in-person, or our in-house Photo ID & Address verification, to access the payment options and add funds to your account for Bitcoin purchase.
Once funds are within your account balance you’ll immediately be able to use them to create your order and receive your Bitcoin.
- You select your payment option from the Home or Login/Signup page, enter your phone number and press "TEXT ME" in the green box to initiate the first step in creating an account.
- Enter your email address and then click on the confirmation link sent to your email inbox.
- You’ll be prompted to confirm your email address and enter some basic information like name(s), address and date of birth.
- Answer a few final questions about your indented use of the account
- Complete ID Verification.
- Fund your account balance with any featured payment method
- Complete your purchase for Bitcoin with your new account!
Yes. If you select our in-house Photo ID & Address verification, you submit your ID to us online — submissions are usually approved within 1 hour. If you choose to use Canada Post in-person ID verification, a document with a unique barcode will be emailed to your inbox which you will present to a Canada Post agent along with your government issued photo ID.
You can complete identity verification Online directly with MyBTC.ca or In-Person at Canada Post. If your name and address is automatically confirmed by our verification partners, you will be required to upload the following to complete online verification:
1. A clear close-up photo of your valid government issued photo ID in full colour on its own. Black and white copies and Health Cards are not accepted from users in provinces where it's prohibited by provincial legislation.
2. A clear photo of yourself holding your government issued photo ID along with a piece of paper that has a handwritten message which reads “MyBTC.ca ID Verification for Bitcoin Purchase” with today’s date.
If you prefer to complete verification in-person at any Canada Post location, click here. You will need valid Government issued photo ID and proof of residency to complete this form of in-person verification.
Interac e-Transfer is a convenient email-based method to send money directly from your bank account to MyBTC.ca as the recipient via your online or mobile banking. Almost all Canadian Banks and Credit Unions offer Interac e-Transfer. For the full list please see here: https://interac.ca/en/interac-e-transfer-consumer.html
After you have created your account profile, you'd complete any one method of identity verification, which will unlock access to the Interac e-Transfer payment instructions.
After you have sent the Interac e-Transfer using the instructions unique to you and your MyBTC.ca profile, it will take approximately 0-30 minutes for your bank and the Interac network to send the funds to us. Once your Interac e-Transfer is received, it will be automatically deposited and your account subsequently funded. Once the funds have been added to your account balance you will receive an email notification advising you to create an order and instantly complete the transaction for your Bitcoin.
Flexepin is a fast, secure and private method of buying Bitcoin by redeeming a prepaid voucher purchased with Cash or Debit at 1000's of sales outlets Canada - wide or online with debit card here: TopMeUp.ca. Once you have purchased your Flexepin voucher featuring a unique 16-digit code, you can redeem it immediately on MyBTC.ca for instant delivery of your Bitcoin. Follow the steps here to pay with Flexepin.
To purchase Bitcoin using Flexepin with a $%MAX(flexepin)% daily limit, you must first complete ID verification. Once you have completed verification you'll gain access to the account funding page where you can redeem your voucher, applying the value to your account balance. After your balance for each voucher you apply has been instantly funded, you'll be able to lock-in the current Bitcoin rate and complete your order.
Cash or Debit in-person payments is where you download a unique QR code from our site, that's linked to your MyBTC.ca account, and present it to the Canada Post clerk to scan before you make payment with Cash or with Interac Debit card.
Within 5 minutes of making payment the funds will be automatically added to your MyBTC.ca balance to buy Bitcoin with.
In-person ID verification is offered through our agreement with Canada Post and their Digital Proof of Identity product. This form of verification is done at a Canada Post retail outlet where you present the agent with your government issued photo ID along with a document containing your profile information and unique barcode that we email OR send to your home address.
|Payment Method||Minimum||Daily Max||Monthly Max|
|Cash or Debit||$50||$2,500||$75,000|
Fee Schedule for buying Bitcoin:
- Interac e-Transfer: 7.75% or $10.00 minimum, whichever is greater.
- Bank Wire: 4.75%.
- Flexepin: 9.75% or $5.00 minimum, whichever is greater.
- Cash or Debit: 9.75% or $10.00 minimum, whichever is greater.
- Credit Card: ~9.75%
- A small order fee may also apply, depending on the size of your transaction. See full fee schedule here.
Bitcoin are stored within a Bitcoin wallet. Here's a couple good articles and guides:
Best Bitcoin and Cryptocurrency Wallets of 2021: https://mybtc.ca/article/best-bitcoin-and-cryptocurrency-wallets-for-2021
Article by Blockgeeks for learning about and choosing a Bitcoin wallet: https://blockgeeks.com/guides/cryptocurrency-wallet-guide/
As the price of Bitcoin is in a constant state of flux, the Live Rate changes to match its current market value. Once you confirm you enter your SMS mobile PIN on the order page and click the "Checkout" button, your order and rate will be locked-in.
Yes. While all first-time transactions are held until manually verified for reasons of compliance and fraud prevention, all subsequent transactions are sent immediately.
After we send your Bitcoin they begin confirming on its Blockchain. The number of confirmations on the Blockchain each wallet provider requires before they add Bitcoin to your balance vary. In terms of time per confirmation, a good rule of thumb is 10 minutes per confirmation.
Yes, MyBTC.ca is running on dedicated hardware in one of the most secured Cloud Providers. All communications are encrypted with SSL and Cloudflare provides us with an additional layer of protection.
Your account history can only be viewed if you are logged in. If you are logged out, you first need to log back in by verifying your phone number via SMS and then clicking on the confirmation link sent to email address you previously verified. Once you are logged in, you will want to look for the "History" section to observe your order and funding history. For faster navigation, here's a direct link.
You can now sell your Bitcoin to us at MyBTC.ca. To start, Bitcoin auto-sell limits are $20 - $50,000 CAD per 24hrs.
Once your Bitcoin order reaches 2 confirmations on the blockchain, its value is immediately converted to CAD for you to request a withdrawal via the ultra popular Interac e-Transfer payout method. Other payout methods like debit card and bank transfer are coming soon.
Do you have Bitcoin to sell? If “yes”, navigate here to access your Bitcoin auto-sell address: MyBTC.ca/sell
See full fee schedule here.
Please use the contact form or email us directly to see if support can update your profile with your new number. Additional information may be requested to link your profile to your new number.
Yes. We accept account registrations and funds for both personal and business use. If you would like to verify your business for buying Bitcoin, please contact support and they will guide you through the requirements and process.
We know speed is important to you. Generally, we have your account funded within a hour upon arrival of your e-Transfer. In certain scenarios and rare circumstances, e-Transfer fundings may take up to 12 hours.
If 12 hours has passed and your account is not funded, there’s very likely a hold placed by your bank or Interac. To have the hold removed so that we can deposit your Interac e-Transfer, please call your bank to verify and have it released.
Turn the brightness all the way up on your device, or show them a printed paper copy, and ask the clerk to scan your verification barcode document or QR code.
Once they have it scanned, their computer system will help successfully direct them through the next steps. If they are still having difficulties, ask them to contact their supervisor for help as this product is available at all Canada Post locations nationwide.
Yes! Thanks to our referral partnership with Simplex, you can now buy Bitcoin and other popular cryptocurrencies using Visa or Mastercard credit and debit cards. Use this link to quickly navigate to the order entry page and request a quote for the amount of Bitcoin or other supported cryptocurrency you want to buy: https://mybtc.ca/buy-crypto-with-credit-card
If you want to use your debit card in-person instead of online, you can pay using the Cash or Debit at Canada Post option. For more information, navigate here and follow the steps the website guides you through.
Yes. You can buy other digital assets with credit or debit card through our referral partnership with Simplex. Here's the order page to start your purcahse of other cryptocurrencies: https://mybtc.ca/buy-crypto-with-credit-card
Most people buy Bitcoin from MyBTC.ca to then trade on other sites that offer swapping and exchanging between multiple cryptocurrencies. Our speed of delivery can help you get the Bitcoin you need, to trade for other digital assets, in a fast and expedite fashion.
Sorry, we are non-custodial exchange/broker that doesn't store your Bitcoin. We strongly encourage you to download the Bitcoin wallet you have researched, trust and then upon buying Bitcoin send directly to it.
Here's a good resource:
Sorry, NO REFUNDS.