in Canada
Bitcoin and other Cryptocurrencies can be purchased both by from specialized businesses online and also in person. Businesses listed below are registered with financial authorities to support Canadians.
The majority of them will support Debit Visa/MC and/or Interac E-mail Transfers. Some also support directly linking your bank account or paying by bill payment. Use of Credit Cards specifically for buying Crypto is frowned upon by most banks in Canada, it is likely your card with be declined by your Canadian bank.
Most of the list below is required to collect some I.D. from customers before they are allowed to sell Crypto.
Shakepay
[Go Directly to ShakePay]
Founded in 2015, based in Montreal, Canada. Have one of the easiest/most straight forward platforms both for funding and getting verified. They also have no immediate funding fee, you send them $100, you receive $100 in your account. (recommended)
Funding methods:
e-Transfers & Wire
Crypto.com
Founded in 2017, registered in Hong Kong under Monaco Technologies GmbH. One of the leading companies pushing to offer Cryptocurrency based debit cards to Canadians.
Funding methods:
Debit Visa/MC & e-Transfer
Allows automated recurring purchases for those that wish to regularly fund weekly/monthly over time.
Coinbase
Founded in 2012, based in USA, very large reputable company.
Funding methods:
Debit Visa/MC only, withdrawals by PayPal only
Kraken
Founded in 2011, based in California USA, very large reputable company. Currently difficult to fund for Canadians unless you are a large purchaser comfortable with Wires.
Funding methods:
Wire Transfers
CoinField
Founded in 2017, based in Europe, registered with the Financial Intelligence Unit of EU.
Funding methods:
Debit Visa/MC, e-Transfer ($15 fee min) & Wire
Newton.co
Founded in 2018, based in Toronto, Canada. They claim to have no fees.
Funding methods:
e-Transfers direct to Newton
Debit Visa/MC & direct Bank Account links via 3rd party Plaid. (At this time we do not recommend Newton due to some security concerns)