--- title: How to Buy Crypto and Bitcoin in Canada description: Crypto’s appeal is global. Here's how traders and investors can buy bitcoin and other cryptocurrencies in Canada. authors: - name: Marc Guberti url: https://money.com/author/marc-guberti/ bio: Marc Guberti is a personal finance writer who hosts Breakthrough Success, a podcast where he teaches listeners how to grow their businesses and achieve personal transformations. at_money_since: 2024 articles: 437 covers: - Investing - Banking - Career Advice - Credit - Credit Cards - Debt - Economy and Politics - Health and Wellness - Housing - Identity Theft - Insurance - Lifestyle - Loans - Mortgages - Personal Finance - Pets - Professional Services - Retirement - Shopping - Taxes editors: - name: Jordan Chussler role: Editor, Investing and Banking url: https://money.com/author/jordan-chussler/ bio: Jordan is an investment editor and CPFC who specializes in traditional equities, gold and other precious metals, retirement savings and income investing. He combines his personal and professional interests in finance and education to help readers increase their financial literacy and make better investment choices. education: Lynn University certifications: Certified Personal Finance Counselor at_money_since: 2023 articles: 130 covers: - Investing - Banking - Credit - Credit Cards - Economy and Politics - Housing - Identity Theft - Insurance - Loans - Mortgages - Personal Finance - Professional Services - Retirement also_seen_in: - Weiss Ratings - 24/7 Wall Street - Better Investing - Yahoo Finance - Nasdaq - Investing.com - Marketbeat - MSN Money social: - https://www.linkedin.com/in/jordan-chussler-b3597811/ published: '2025-06-02T19:13:22.000Z' modified: '2026-08-06T19:39:19.000Z' section: Investing word_count: 1047 canonical: https://money.com/how-to-buy-crypto-bitcoin-in-canada/ type: Article source: structured-blocks --- > **Disclosure:** We research all brands listed and may earn a fee from our partners. Research and financial considerations may influence how brands are displayed. Not all brands are included. [Learn more](https://money.com/page/disclaimer/). ![How to Buy Crypto and Bitcoin in Canada](https://img.money.com/2025/05/Crypto-Canada.jpg?quality=85&w=1012&h=569&crop=1) ## Our Partners ### TOP PARTNER ![Start Investing](https://s3.consumersadvocate.org/prd/image/image/35181/medium_5684f912-7a5b-41aa-9612-d176140b8756.webp) Our Partner [Start Investing](https://money.com/go/ada533fb9663?ap_referrer=%2Fhow-to-buy-crypto-bitcoin-in-canada%2F&bidid=4039681451&ptid=663422856&ptoken=debb6b9bce88869dfca064b2e9787368&zip=20149) **Own crypto—and bank, borrow, invest—all in one app** - The first national chartered bank where individuals can buy, sell, and hold crypto - Access cryptocurrencies like Bitcoin, Ethereum, Solana, and over 30 more coins  - Buy, sell, and hold crypto on a platform with the safeguards of a bank - Trade instantly when you transfer funds through SoFi Checking and Savings * * * ![Start Investing](https://s3.consumersadvocate.org/prd/image/image/37687/medium_e07d0277-9443-4943-95ae-3c4b5f116dda.webp) Our Partner [Start Investing](https://money.com/go/cd8d7fb72ec7?ap_referrer=%2Fhow-to-buy-crypto-bitcoin-in-canada%2F&bidid=4039681425&ptid=663422856&ptoken=20b57ae491faf808a5a7b7eb8eed1bee&zip=20149) **Watch 2,000 crypto markets across multiple exchanges** - 24/7 live customer support - High liquidity - Margin and futures trading - Custom alerts and charts - Mobile tools for trading on the go * * * ![Start Investing](https://s3.consumersadvocate.org/prd/image/image/21764/medium_697ebd7c-81e9-4b79-a9b5-4208486d7fc5.png) Our Partner [Start Investing](https://money.com/go/eb835138bf81?ap_referrer=%2Fhow-to-buy-crypto-bitcoin-in-canada%2F&bidid=4039681437&ptid=663422856&ptoken=4ba8b555bffd267699143956c33552cb&zip=20149) **Purchase crypto securely - directly to your wallet** - Powered by MPC cryptography  - 3-factor-authentication recovery model - Secure wallet recovery - never worry about losing your seed phrase again - 24/7 live in-app support. * * * ![Start Investing](https://s3.consumersadvocate.org/prd/image/image/25167/medium_6ffb8e26-c174-4c4b-b1bd-3da570a5fe64.png) Our Partner [Start Investing](https://money.com/go/9091c6e3a08e?ap_referrer=%2Fhow-to-buy-crypto-bitcoin-in-canada%2F&bidid=4039681442&ptid=663422856&ptoken=1efaecd9db8bd1a4195e8a6c0b18cc37&zip=20149) **Discover new tokens before they’re listed on other platforms** - Trade cryptocurrencies with a unique one step process - Buy, sell, exchange and hold 300+ digital assets\* - Robust security measures \*Capital at risk. 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That’s particularly true of established cryptos like bitcoin, which has appreciated by 10x over the past five years and continues to attract new investors. Bitcoin is valuable due to its decentralized nature and its finite supply, which makes it the digital antithesis of [fiat currency](https://money.com/what-is-fiat-money/). Only 21 million bitcoins can ever be mined. With 94.59% already in existence, as more people buy this popular asset, scarcity will result in it becoming more expensive. Crypto’s appeal is global. As such, it’s now perfectly legal to trade bitcoin in most countries, including Canada. The process of buying crypto in Canada isn’t too different from buying it in any other part of the world that has legalized it. If you find yourself in the Great White North, you can follow these steps to buy bitcoin in Canada. ## Jump start your crypto portfolio ### SoFi® is the easiest place to buy and sell cryptocurrency. Select your state and get started today! [Start Investing](https://money.com/pr/xa8a6fbbc40c?ap_referrer=%2Fhow-to-buy-crypto-bitcoin-in-canada%2F) Offer valid for U.S. residents 18+ and subject to account approval. There may be other fees associated with trading. See Public.com/disclosures. ## Create a brokerage account Canadians can choose from many brokerages that let them trade stocks and crypto. You will have to provide personal details like your ID and Social Insurance Number (SIN), so this route isn’t anonymous by any means. But some investors gravitate toward brokerage accounts because of the convenience they offer. You don’t have to store your crypto wallet keys or figure out new technology. And with some brokerages, you can see your traditional equity holdings (e.g., stocks, mutual funds and [ETFs](https://money.com/etfs-for-crypto-exposure/)) in the same dashboard as your crypto holdings. Before you create an account with a brokerage, make sure that the firm lets you buy crypto. Some of these accounts are limited and only let you invest in bitcoin and ethereum. However, some brokerage accounts let you choose from dozens of cryptocurrencies. ## Use a digital wallet for more anonymity If you create a digital wallet, you [store your crypto anonymously](https://money.com/how-to-buy-crypto-bitcoin-anonymously-without-verification/) (note that purchasing crypto is a public transaction). Some companies, such as [Best Wallet](https://secure.money.com/p/best-wallet-review?encoded_id=%7B%7Bencoded_id%7D%7D&pcuid=m0c8d3d7bc2f&skip_rechoose_link=1&url=https%3A%2F%2Fbest.sng.link%2FDnio2%2F20l7%3F_smtype%3D3&vertical_alias=cryptocurrency-exchange&wafid=18800&ca_referer=https%3A%2F%2Fcontent.money.com%2F&jump_from_embed=true&skip_dynamic_offer=1), Ellipal and SafePal, allow you to create wallets without providing any of your personal details and giving you access to thousands of cryptocurrencies. Because they do not follow traditional financial institutions’ know your customer (KYC) procedures, using wallets offered by these companies means no one can track your crypto transactions. Returning to one of those examples, Best Wallet is available in Canada where users can download it via the App Store or Google Play. The app receives positive reviews overall and has an average rating of 4.4 stars out of 5 in the App Store and 4.3 stars out of 5 in Google Play. Best Wallet has more than 30,000 reviews across the App Store and Google Play, combined. You can choose from numerous options of both hot wallets and cold wallets (which are used for storage, not purchasing crypto) that let Canadians create accounts and buy crypto. It’s good to assess each provider based on its wallet’s features, pricing and the amount of cryptocurrencies you would have access to. For instance, Best Wallet lets investors choose from thousands of cryptocurrencies across more than 50 blockchains. Please note that even though these wallets can maintain your anonymity, because of the nature of blockchain transparency, crypto transactions are public (though some may be able to shield your identity). Additionally, some wallet-integrated fiat purchases — such as using a debit card to buy crypto in Canada — may require KYC for larger amounts. ## How to buy bitcoin in Canada using Best Wallet Best Wallet is one of the top digital wallets for people who are considering crypto, but the steps here are nearly identical to any other crypto wallet. After you have downloaded the Best Wallet app and created your account, you can follow these steps to buy bitcoin and other crypto assets in Canada. ### Step 1: Navigate to the app’s “Buy” section Best Wallet and other crypto wallet apps have a “Buy” section that allows you to purchase cryptocurrencies. You can create an order ticket that lets you specify which crypto you want to buy and how much you want to invest. Although bitcoin is the most popular option, it’s worth exploring altcoins as well. Some of these digital assets gain momentum in a hurry and end up outperforming bitcoin in short bursts. However, bitcoin is the least risky cryptocurrency and has a proven record of delivering exceptional long-term returns. ### Step 2: Enter the amount you want to invest After selecting a cryptocurrency, Best Wallet will ask how much you want to invest. You can put this amount in the order ticket, and Best Wallet will let you know how much crypto you can purchase. Most digital wallets and crypto brokerages automatically perform this calculation for you. That way, you know how much you will receive with a $500 investment (or any amount), which is helpful when the amount invested is less than the cost of a single coin or token. If you do not have enough money to buy an entire bitcoin, for example, you will receive a fractional share. ### Step 3: Enter a payment method When you are about to make the investment, a brokerage account or digital wallet will request a payment method. Best Wallet offers several payment options, such as [credit cards](https://money.com/how-to-buy-crypto-bitcoin-with-a-credit-card/) and [debit cards](https://money.com/how-to-buy-bitcoin-crypto-with-a-debit-card/). You will have to enter your payment details the first time, but they’re saved for future transactions. ### Step 4: Review and confirm the order When you enter the information, it’s good to check your order ticket one final time to ensure there aren’t any mistakes. Some people accidentally put in the wrong number or enter an extra zero. It can feel a bit complex to place your first crypto trade. However, when you get familiar with the crypto brokerages or crypto wallet of your choice, it will get easier over time. Canadian investors have several options when it comes to buying crypto. They can stick with conventional brokerage accounts or opt for anonymous digital wallets like Best Wallet. Cold wallets are for storage, not for directly buying crypto. If you plan on buying crypto in Canada and then transferring it to your cold wallet, be aware that you may be risking anonymity. Additionally, in Canada, some exchanges impose limits on withdrawals for new users. ## Compare Crypto Wallets Today ### Own crypto—and bank, borrow, invest—all in one app ![Start Investing](https://s3.consumersadvocate.org/prd/image/image/35181/medium_5684f912-7a5b-41aa-9612-d176140b8756.webp) Our Partner [Start Investing](https://money.com/go/7f95e7925271?bidid=4039681380&pmeta=p129-c1003-u24464&ptid=663422851&ptoken=bc7999626e8e9100b22f526853ca28b2) ### Watch 2,000 crypto markets across multiple exchange ![Start Investing](https://s3.consumersadvocate.org/prd/image/image/37687/medium_e07d0277-9443-4943-95ae-3c4b5f116dda.webp) Our Partner [Start Investing](https://money.com/go/14953ff2f6c9?bidid=4039681376&pmeta=p129-c1003-u24464&ptid=663422851&ptoken=703bb488d423c18df3a186b01eb289aa) ### Zero wallets hacked since 2018 ![Start Investing](https://s3.consumersadvocate.org/prd/image/image/21764/medium_697ebd7c-81e9-4b79-a9b5-4208486d7fc5.png) Our Partner [Start Investing](https://money.com/go/b1eb516717d0?bidid=4039681378&pmeta=p129-c1003-u24464&ptid=663422851&ptoken=cbea6e94db4d2b95912d3dd5e303756f) ### Robust security measures ![Start Investing](https://s3.consumersadvocate.org/prd/image/image/25167/medium_6ffb8e26-c174-4c4b-b1bd-3da570a5fe64.png) Our Partner [Start Investing](https://money.com/go/19a25c77c296?bidid=4039681379&pmeta=p129-c1003-u24464&ptid=663422851&ptoken=806cf0111a10f53274aa4c38598b3d20) ### Secure vault, user-friendly interface, and FDIC insured ![Start Investing](https://s3.consumersadvocate.org/prd/image/image/15529/medium_919a3dd7-f2c3-4ff2-a42d-661bfc3d4aec.png) Our Partner [Start Investing](https://money.com/go/2230db61fbe4?bidid=4039681375&pmeta=p129-c1003-u24464&ptid=663422851&ptoken=e05c7b0e9704df28ac1619d63c46dfaa) ![](https://s3.consumersadvocate.org/prd/image/image/35181/medium_5684f912-7a5b-41aa-9612-d176140b8756.webp) Start investing in crypto with SoFi® [Start Investing](https://money.com/pr/i0cab33ed2c9?ap_referrer=%2Fhow-to-buy-crypto-bitcoin-in-canada%2F) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "BreadcrumbList", "@id": "https://money.com/how-to-buy-crypto-bitcoin-in-canada/#breadcrumb", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://money.com" }, { "@type": "ListItem", "position": 2, "name": "Investing", "item": "https://money.com/investing/" }, { "@type": "ListItem", "position": 3, "name": "Cryptocurrency", "item": "https://money.com/cryptocurrency/" }, { "@type": "ListItem", "position": 4, "name": "How to Buy Crypto and Bitcoin in Canada" } ] }, { "@type": "WebSite", "@id": "https://money.com/#website", "url": "https://money.com", "name": "Money", "publisher": { "@id": "https://money.com/#organization" } }, { "@type": "WebPage", "@id": "https://money.com/how-to-buy-crypto-bitcoin-in-canada/#webpage", "url": "https://money.com/how-to-buy-crypto-bitcoin-in-canada/", "name": "How to Buy Crypto and Bitcoin in Canada", "isPartOf": { "@id": "https://money.com/#website" }, "datePublished": "2025-06-02T19:13:22.000Z", "mainEntity": { "@id": "https://money.com/how-to-buy-crypto-bitcoin-in-canada/" }, "inLanguage": "en-US", "breadcrumb": { "@id": "https://money.com/how-to-buy-crypto-bitcoin-in-canada/#breadcrumb" }, "dateModified": "2026-08-06T19:39:19.000Z" }, { "@type": "Article", "headline": "How to Buy Crypto and Bitcoin in Canada", "articleSection": "Investing", "image": [ { "@type": "ImageObject", "url": "https://img.money.com/2025/05/Crypto-Canada.jpg?quality=85", "width": 2880, "height": 1920 } ], "author": [ { "@type": "Person", "name": "Marc Guberti", "url": "https://money.com/author/marc-guberti/", "@id": "https://money.com/author/marc-guberti/#author", "description": "Marc Guberti is a personal finance writer who hosts Breakthrough Success, a podcast where he teaches listeners how to grow their businesses and achieve personal transformations.", "worksFor": { "@id": "https://money.com/#organization" } } ], "publisher": "https://money.com/#organization", "datePublished": "2025-06-02T19:13:22.000Z", "description": "Crypto’s appeal is global. 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