101 Guide – The Best Ways to Buy Bitcoin in Canada

Buy Bitcoin in Canada

If you are interested in bitcoins, then now is definitely a great time to research them and get involved in the world of bitcoin because it is bigger than ever. In order for you to deal with bitcoins, first you need to acquire them, or buy bitcoin. There are a few ways in which you can do this and all of them, of course have their own pros and cons and in this article we will let you know about of the ways in which you can do this is Canada.

Exchange

Finding an exchange is one of the most popular ways in which you can buy bitcoin in Canada and it can be done in a few different ways. One is in person, the second is at a store and the third, and probably most popular is via an online exchange website. Buying bitcoins in person can be done by using over-the-counter platforms that help you such as Coin Cola which help you connect with people in your area, but there is a big concern when it comes to safety. The second option are bitcoin AMT’s and with 400 of them worldwide, these is also a good amount of them in Canada, and the third option, online exchange, is a method that mostly requires additional verification in order for you to transact on the website.

Accepting bitcoins as payment

Although this is not technically buying bitcoins, it still allows you to acquire them. A lot of businesses now are accepting bitcoins as payment, so if you are doing any type of online service, then it would be a great idea for you to accept bitcoins as payment. If you are the owner of a small business or if you are an independent professional, then accepting payment with bitcoin can also be a great idea for you because it costs absolutely no money for you to do so and because bitcoin transactions are irreversible, there is no way for you to lose money because of customer’s credit card problems.

You can spend them online

The great thing about getting over with the difficult task of acquiring bitcoins is that after you have done that, you can go online and spend them because there are now a lot of retailers that accept bitcoins as payment. The great thing about making payments with bitcoins is that most of the time the whole process is actually a lot easier than you having to enter your credit card information every time. Bitcoins are a great payment method to use if you are buying from a store that’s in another country, like Canada, because then you don’t have to figure out the exchange rate of the currency that your country uses compared to the one you have to pay in.

As you can see, to buy bitcoins, and just bitcoins in general can be very useful. Do your research and figure out what is the best way for you to purchase bitcoins and of course, always be careful, no matter which way of purchase you choose is the best one for you, make sure that you are only doing business with people that you trust, because the world of bitcoin can be a dangerous place if you are not careful.

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