1. Choose a Trusted Crypto Platform
Pick a regulated, reputable exchange. Popular options in Canada:
-
Coinbase – beginner-friendly
-
Kraken – low fees
-
Binance – large selection of coins
-
Shakepay – fast and easy CAD deposits
-
Newton – low-cost Canadian exchange
-
Wealthsimple Crypto – very simple, regulated, but fewer features
? 2. Create an Account
You will need to:
This usually takes 5–10 minutes.
? 3. Deposit Money
Most platforms support:
? 4. Buy Bitcoin
Once your account is funded:
-
Go to Buy/Sell
-
Choose Bitcoin (BTC)
-
Enter the amount (e.g., $100 CAD)
-
Confirm the purchase
Your BTC will appear instantly in your account or wallet.
? 5. Sell Bitcoin
Selling is the same:
-
Go to Buy/Sell
-
Select Sell BTC
-
Choose the amount
-
You receive CAD
-
Withdraw to your bank using Interac e-Transfer or bank transfer
?? 6. (Optional but recommended) Store in Your Own Wallet
If you want extra security:
-
Hardware wallets (Ledger, Trezor)
-
Mobile wallets (BlueWallet, Exodus)
This protects your BTC even if the exchange is hacked.
?? Tips for Safety
-
Use platforms with good reputation + regulation
-
Enable 2-factor authentication (2FA)
-
Never share your wallet seed phrase
-
Double-check wallet addresses before sending
|