Bitcoin Traders in Canada
Bitcoin is no longer news. Since it became a global digital asset, several platforms have been established for its trade. If you are reading this, you are either trying to gather information on this topic or about to join the millions of digital traders in the world. In Canada alone, there are over 10 establishments that are into the buying, selling, and exchange of bitcoin and other cryptocurrencies.
Find the right Bitcoin traders
However, as many as they are, selecting the right traders which give users a certain degree of peace despite the volatility of this currency is important. Forex brokers watch out for some important factors when choosing a crypto exchange. These include ease, charges, services, funding methods, and customer support rendered. According to user reviews, the traders listed below are considered the best:
Bitbuy
- Bitbuy: This is a leading exchange platform that works in Canada alone. Established in 2003, its goal of providing fast, reliable, and easy ways to trade bitcoin has been and is being achieved. Currently, The Canadian Federal Authorities are in charge of the regulation of activities on Bitbuy. Here, the purchasing of bitcoin is done in the Canadian dollar although it allows bank transfer, bitbuy a transfer, and also accepts payment on various platforms.
Users of all categories consider Bitbuy to be one of the best as it offers separate trading packages for both experienced and inexperienced users. Due to the fact that it serves only Canadians, it is efficient, trustworthy, easy to use, and has excellent customer support services. The charges for transactions are minimal, with strict measures put in place to protect users’ information and asset.
It is seen as an MSB (Money Services Business) that promotes transparency and accountability. Also, its mobile app has made trading on the go a reality.
MyBTC.ca
- MyBTC.ca: This is a true and original trader of bitcoin only in Canada. It is reputed as an important platform for trading since its inception in 2016. Instead of withholding purchases, MyBTC.ca allows users to be in charge of their accounts. Users can set up an account online or in person, and there is a verification process that ensures accurate information is provided to curtail fraud. It is linked to all banks and most cards of the people in Canada, so there is an ease in the purchase and instant delivery of bitcoin to the user’s private wallet.
At least one of the payment methods is perfect for a particular user; Interac e-Transfer, Credit bank, debit card, in-person payments, and more. Services on Mybtc.ca are available all week round, extra fast, easy, and secured.
In addition, the fees charged on transactions are reasonable. Without breaking the bank, mybtc.ca is found a good place to start one’s bitcoin investment journey.
Coinsquare
- Coinsquare: Coinsquare is registered under FINTRAC. Worthy of note is its “quick trade” feature. It offers dual ways of trading, allowing withdrawal into local bank accounts directly. Whatever currency is being traded, there is an assurance of quick delivery. Fiat currencies can be deposited; it accepts bank drafts, wire transfers, and other payment methods. Transactions are almost free on Coinsquare. Its highest charges are placed on deposits and that is just a fee of 2.5%.
On top of the list of its feature is security. Since it was established, uncompromised security of assets and information can be boasted of. For support, the customer service can be contacted via email or direct access to the help center.
Coinsmart
- Coinsmart: Founded in 2018, services on Coinsmart are regulated by Luminus Financial. Setting up an account is easy on Coinsmart, and it allows fast and smart trading of bitcoin. Bitcoin can be purchased in up to 3 different ways with charges reaching up to $5, 000,000 on deposits. For withdrawal of funds, it is possible in 2 ways, with charges less than that on deposit. Although only the Canadian dollar is allowed, bitcoin can be deposited in several modes; wise transfer, money draft, etc.
Coupled with all these are user-friendliness, timely delivery, and top-notch security. Customer service support is available 24/7 on phone or email, and setting up an account is done in easy steps with a detailed verification process to prevent fraud. Coinsmart is backed by a registered bank in Canada, to ensure funds are under the regulation of Canadian laws.
Coinberry
- Coinberry: Coinberry is the number one safe and secure trader of bitcoin in Canada. It is the only insured, FINTRAC registered & PIPEDA compliant crypto trading platform trusted by Canadian Municipalities. Coinberry isn’t the best out of the blues. There are several measures put in place which have been tried several times and have stood the test of time. For people who want to test the water first, Coinberry provides a platform for them to start purchasing bitcoin for as low as $50. Transactions are carried out in minutes without charging any fee.
Because it is insured and recognized by organizations, users report transparency on all trade carried out Coinberry. Information is protected, support is readily available, prices are reasonable, and in case of illicit acts on the part of its staff, Coinberry takes responsibility. Over and over again, Coinberry has been rated as a top bitcoin trader in Canada.
Different Platforms
After all is said and done, singling out a specific platform as the best is a tough or near impossible task as each of these platforms have features that are specific to them. All of these platforms presented to you here have been tried, tested, and proven legitimate. Users have taken into consideration the customer service support, charges, funding methods, security and have confidently recommended these exchange platforms. So, if you are thinking of what trader to use for your bitcoin investment, compare the price and packages, and choose one that is just right for you.