Learning how to buy Bitcoin online in Canada is one of the first steps to starting your crypto investment strategy. In the past, getting your hands on Bitcoin was more difficult. You only had a few options if you wanted to convert your fiat currency over to Bitcoin. Luckily, nowadays there are a variety of high-end trusted platforms that offer top-notch service to the market.
In terms of online Bitcoin purchase options, you have exchanges, brokers, and LocalBitcoins. All have their advantages and disadvantages. For example, when you purchase your Bitcoin from a broker, you will need to provide ID. LocalBitcoins doesn’t require this option because it only links you with other people in the area selling their Bitcoin. However, this option does require you to eventually meet up with a live person to get your Bitcoin.
For most people, the thought of meeting up with strangers to conduct crypto transactions doesn’t sit well. Also, since this is an in-person transaction, it will require you to bring cash. These factors make this option only viable for certain individuals. For the rest of the market, online platforms are the best option. One such platform is MyBTC.ca.
Buy Bitcoin – Canada
MyBTC.ca simplifies the entire Bitcoin purchasing process through the integration of an easy-to-navigate online portal and a variety of other unique features. The first step is to sign up for an account. Registration is free and takes only a few minutes to complete. Notably, all companies accepting CAD in exchange for Bitcoin require you to complete identity verification.
To accomplish this task, MyBTC.ca integrates an in-house Photo ID & Address verification system. In most instances, you receive approval in under an hour after submitting your photo ID. You can also opt to utilize a Canada Post in-person ID verification option. Once your account verification is complete, you are ready to get some Satoshis.
Buy Bitcoin with Credit or Debit Cards
MyBTC.ca edges out the competition in terms of flexibility. The platform allows you to purchase Bitcoin using a credit card. This service is exclusive to MyBTC.ca. Best of all, you receive your Bitcoin in under 30-minutes. Additionally, you have 24/7 access to your account, so you can always stack your sats whenever you desire.
Offering Bitcoin credit card purchases is a big deal in the market. To accomplish the task, MyBTC.ca entered into a referral agreement with Simplex. Specifically, Simplex acts as the processing partner. The firm performs the customer KYC, processing of payments, procurement, and sending of your cryptocurrency.
MyBTC.ca was built with convenience in mind. The firm is part of the Flexepin network. This network allows users to buy Bitcoin by redeeming a prepaid voucher purchased with Cash or Debit at 1000’s of sales outlets in Canada. This voucher redeems instantly online. In this way, MyBTC.ca continues to remove barriers to large scale Bitcoin adoption.
MyBTC.ca – Buy Bitcoin in Canada
It doesn’t take long to see that MyBTC.ca aims to be the premier cryptocurrency onramp for Canada. The platform has the experience and network to accomplish this task. For now, anyone interested in buying Bitcoin online in Canada just got a powerful new ally.