One of the selling points of blockchain and cryptocurrencies is ease of use. This also applies to the buying processes.
There are many methods you can use in buying cryptocurrencies here in Canada, but these are the best and safest methods I have found out myself. I have personally used these methods to purchase bitcoins and other cryptocurrencies, and I can recommend the use of these platforms to anyone.
Wealthsimple is a fintech company based in Canada. Focused on investing for the millenial generation, they have been around for several years. They first launched in Canada a product that helps Canadians invest in mutual funds. They then launched Wealthsimple Stocks last year, which allows Canadians to invest into the stock exchange. Their latest app which released in 2021 allows Canadians to invest in Cryptocurrencies. Although they have a limited selection of Cryptocurrencies to choose from at the moment, the plan is to add more as time goes on. With the simplicity and reliability of the Wealthsimple platform, you can invest in Cryptocurrency without any fear.
These are the Cryptocurrencies that are currently available for investing in on Wealthsimple:
- Bitcoin
- Ethereum
Wealthsimple is planning to add more cryptocurrencies as time goes on, here is the latest from their website:
As you may have noticed, we like keeping things simple. That’s why we’re starting out by offering Bitcoin and Ethereum. They’re two of the highest market cap and most popular cryptocurrencies. We do plan to offer more in the future — stay tuned.
Wealthsimple.com (02/05/2021)
Click here to signup for Wealthsimple using our referral link and we both get $10 free!
Newton is the new kid to the party, but they are definitely a cool alternative to Wealthsimple. Unlike Wealthsimple, Newton has not been around for a long time and they solely focus on Cryptocurrencies opposed to any other type of investing. Newton can be thought of as a cryptocurrency brokerage where you can buy cryptocurrencies, save them, and withdraw cash to your bank account whenever you need.
Newton is also a free platform, meaning they charge zero transaction fees for your purchase of crypto.
You can either visit their website to get started, or you can download the mobile app for android or IOS, or both depending on your preference.
Why I especially love this site, is their enthusiasm. They are definitely prepared to take cryptocurrencies right to your fingertips.
“We want cryptocurrency to be taken seriously, so we go above and beyond to make sure we’re compliant with current and anticipated Canadian regulations”
Not only are they enthusiastic, they are also very focused on following the latest and most robust Crypto regulations here in Canada.
Newton’s buying process is pretty simple.
- Click here to access the site
- Hit the “get started” button or log in,
- Verify your account
- Buy as much crypto as you choose
Bitbuy is a Canadian-only platform where you can easily buy cryptocurrencies.
This service is especially great because of their local affiliations. It has been in operation since 2016 and has very high ratings.
The platform adopts a simplistic user interface, allowing users with different experience levels to buy and sell cryptocurrencies without hassle.
Payment and withdrawal methods available on this platform are
- Bank wire
- Interac
To get started, follow the simple steps outlined below.
- You must be within Canada to access this site
- Click here to access the site
- Hit the get started button
- Register and verify your account
- Buy, Sell, and keep at it!
This is one of the few crypto platforms that has been Insured, FINTRAC registered and PIPEDA compliant.
It is one of the safest platforms out there and I chose them over any platform any day anytime.
This platform is protected by Gemini Trust Company LLC™.
Let’s get down to how to buy using this platform.
- Click here to get to the site
- Hit the sign up button
- Verify your account
- Start your buying and selling
All platforms discussed in today’s post, are tested and trusted.
I have personally never had any issues using any of these platforms and i can easily recommend them. More importantly, these are not paid promotions, they are rather my honest recommendations.
Coming soon.
