Bitcoin is making waves throughout the world. That’s why many investors want to buy it to take advantage of the skyrocketing Bitcoin price. For those who live in Canada, the dilemma they face is where to buy the cryptocurrency. If this statement describes you, it’s your lucky day because we are going to highlight 5 online platforms to buy Bitcoins efficiently, securely and fast:
1) Buy Bitcoins on Coinbase
Coinbase is, by far, the most popular platform to buy Bitcoins in Canada. The cool thing about Coinbase is that it allows you to buy Bitcoin using your credit card and debit card. The platform deducts 3.99% percent for every Bitcoin purchase, and you get your Bitcoins in only a matter of minutes. Coinbase makes it easy for rookies to buy Bitcoins. As stated above, you can buy Bitcoin on this platform using your credit card or debit card. On top of all that, the platform offers high liquidity and buying limits. The downside to Coinbase is that if you buy Bitcoins using Bank Transfer, the transaction could take up to 5 days to be effected. Another downside is that the platform may monitor how you spend your money. However, this is just for security reasons. If you are spending your Bitcoins on legit stuff, then you don’t need to worry.
2) LocalBitcoins is another site to buy Bitcoins in Canada
People in Canada like Local Bitcoins because Escrow owns it. So it’s a legit and efficient website to match Bitcoin buyers and sellers. Most people purchase Bitcoins on this platform using cash. However, users are allowed to use other payment options they prefer. LocalBitcoins is one of the safest and fastest ways to buy Bitcoins out there. The upside to LocalBitcoins is that it can be confidential, easy to use and fast and you can make quick Bitcoin purchases using cash. However, when using LocalBitcoins to buy Bitcoins, be careful that you don’t get scammed. Scammers are everywhere these days, and they can by-pass any tight security measure around. It’s also difficult to buy Bitcoins in large amounts when compared to other robust exchanges.
3) Coinmama makes our list of the best sites to buy Bitcoins in Canada
This site also allows you to buy Bitcoins using your credit or debit card. They deduct a commission of 6 percent for any purchase you make. You’ll not be required to verify your identity if you by Bitcoins worth less than $150. The cool thing about Coinmama is that it operates in all countries. The downside is that it has the highest fees of all Bitcoin brokers in Canada.