Home 2018-02-20T20:04:55+00:00

How to Buy Bitcoin – The Only Crypto Guide You Will Ever Need in Canada

The term bitcoin has been everywhere over the last few years, so it is very easy to see why people are so interested in them. If you don’t know what the term even means, then it represents a form of digital money that is protected by cryptography and it only exists in a digital form which means that you can never touch, or even see the bitcoins and they can also never be printed either. There definitely are a lot of advantages and disadvantages to using this digital currency, and it is up to you to decide if the pros outweigh the cons and if you decide that they do, then you will probably be interested in how to buy bitcoin in Canada, how to store them and how you can spend them, and in this article we will talk to you about those things.

Bitcoin wallets

If you want to buy bitcoins in Canada then the first thing that you need to do is create a wallet for yourself. This is a special program where you will be able to store any private data that you will need in order to manage your bitcoin transactions as well as make transaction. There are a few different types of wallets, but the major ones are the offline, online and hardware wallets. We recommend you start with an online one because it is the easiest to manage. One of these online wallets is Blockchain and it has been used by thousands of people that can vouch for it. It is a great choice if you are a beginner because it isn’t overloaded with a lot of information and contains only the most important functionalities. The registration process for this wallet is very easy and all you have to do is write your name and confirm your email address.


Once you get yourself a wallet, the next thing that you need to do is to actually buy bitcoin. If you are new in the game then exchanges are the best option for you. There are many different exchange options out there, such as Coinbase, Poloniex, Kraken and so on, so it is very important that you do the necessary research and pick a reputable one. There are three steps to the purchasing process and those are registration, input of your card data and writing your digital wallet address which you will get once you get the wallet. When you are doing these steps you need to make sure that there are no typos because that could send your bitcoins to another address and you can lose them forever. There are other ways in which you can purchase bitcoins, but for a beginner this is definitely the way to go.

Making purchases

Once you buy bitcoin, it is then time for you to make purchases. When bitcoins in Canada first appeared there were only a few private individuals who were willing to sell their stuff for bitcoins, but now things have definitely changed and more and more companies are accepting the digital currency for their items. You can buy things such as laptops from Dell, or any product from Microsoft and you can even pay for ProtonMail upgrades with bitcoins as well. To make things even better, there are some bitcoin wallets that will provide you with mobile apps which will make it even easier for you to make purchases.

The idea of bitcoin is definitely something that sounds very appealing and for good reason. The fact that it is not influenced by anything except by the supply and demand for it and that it is under the control of no government or organization, can make the whole thing seem even more appealing to some people, but for others it can be a big no-no. So, before you buy bitcoin in Canada, make sure to really read about bitcoins and get as much information as possible.