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How to buy Bitcoin (BTC) in Canada

Learn how to buy Bitcoin in 3 easy steps with 0% CAD deposit and 0% CAD withdrawal fees.
Buy Bitcoin
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What is Bitcoin?

Bitcoin is the world’s first cryptocurrency and remains the most popular one. Created in 2009 by an anonymous group or computer programmer called Satoshi Nakamoto, Bitcoin is a decentralized digital currency. It lets peers make secure transactions over the Internet through a digital ledger, called a blockchain. Each Bitcoin can be divided into smaller parts, called satoshis. One satoshi equals 0.00000001 of a Bitcoin.

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Bitcoin (BTC) logo

Bitcoin (BTC)

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Why should you invest in Bitcoin?

Bitcoin has remained the world’s most popular cryptocurrency because there’s a high demand to buy coins, but there’s a limited supply. There can be only 21 million Bitcoin ever, so its scarcity helps drive its value.

Along with Bitcoin’s limited supply, its long history also makes it an attractive investment. Many investors buy Bitcoin because this crypto currency is a valuable way to diversify. Although Bitcoin prices can be volatile, many investors add it to their portfolios since it offers a chance of getting high returns.

What are Bitcoin’s pros and cons?

PROS

  • Independent management without any oversight by banks or financial institutions
  • Easy to buy in Canada on platforms like Coinberry.
  • High potential for big returns on investment

CONS

  • All transactions are final and can’t be reversed.
  • No regulation means no control over the minimum value when you buy Bitcoin.
  • Bitcoin’s value is volatile and can change drastically from day to day.

Why does Bitcoin stand out as a crypto coin?

Bitcoin stands out because it is the first ever cryptocurrency and it inspired all other cryptocurrencies. Also, Bitcoin remains popular because it’s the cryptocurrency with the largest network of users.

Bitcoin also stands out due to mining, which was another first for cryptocurrency. Although other cryptocurrencies now require mining, Bitcoin attracts the largest amount of miners worldwide. The demand is so high that Bitcoin mining farms have been put in place because of the competition and power needed.

Coinberry makes it easy to buy Bitcoin (BTC) in Canada. Just follow these simple steps:

1

Create your account.

Sign up now, or download our Coinberry app from Google Play or the App Store. Like the crypto markets, we’re available 24/7.

2

Get verified.

After you sign up, you’ll need to verify your account.

Over 90% of our members get verified immediately, and then start trading right away.

3

Buy Bitcoin (BTC).

You can buy BTC right away at the best rates.

Get started with as little as $50 CAD. You can use a bank wire or an Interac e-Transfer to fund your account.

Buy Bitcoin

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