Buying Bitcoin in Canada has never been easier! If you are interested in investing in Bitcoin Canada, you have come to the right place! Read this article and discover how to buy Bitcoin in Toronto, Canada!
As the value of Bitcoin continues to grow, at the same time its price grows as well. A lot of people are wondering how they can buy Bitcoins and get the latest investment sensation. If you are one of those people and you are interested in investing in Bitcoin Canada you have come to the right place as we are going to explain everything you need to know.
Buying Bitcoin in Canada has never been easier. You buy Bitcoins online through Bitcoin exchanges such as Coinsquare or you can buy directly at one of the Bitcoins ATMs Toronto.
There is one local startup that actually allows you to buy Bitcoins online, as well as, through an ATM. The name of the startup is Coinberry and they currently have 2 ATMs, one is next to Cold Tea, near the Kensington Market and one is at Riverdale Trading Company which in Riverside.
Yes, we know what you are thinking right now. These are pretty unusual locations for ATM, however, if you want to buy Bitcoins from an ATM, those are the places you need to go.
Buying Bitcoin from an ATM is a lot easier when compared to buying Bitcoins online, however it is more expensive as well. Why? Well, because there is a high fee or more specifically a built-in transaction fee which is similar to an ATM fee if you are not using the ATM from your own bank.
How the process goes?
You simply deposit money in order to complete the transaction. Once the transaction is complete, you have the option to store Bitcoin Canada in your hardware wallet or you can choose to have it stored by Coinberry. If you are wondering whether the process is 100% secure, we can say that in the last couple of years, there have been a few reported cases where Bitcoin exchanges have been compromised or hacked, but overall, the transaction is safe. There is no insurance or regulation against loss of theft so if you choose to store your Bitcoin investment at an exchange, and if they get hacked, your account will be hacked as well. The chances for something like this to happen are minimal.
So, don’t invest too much and keep it safe!
— Inazio López Ochoa (@InazioLopez) 12 de diciembre de 2017
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