We are not financial experts, and the resource links below are provided for information purposes only. They are based on our own research and experience with Bitcoin in Canada. They are not intended to be legal and/or financial advice.

Some of the links below are affiliate or referral links. If you use those links to sign-up at the associated website, we will receive small commission. In some instances, you will also receive a credit. These links are clearly marked with a dollar symbol to indicate ‘referral/affiliate.’ A check mark denotes a resource that we personally use.

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Buying Bitcoin

The easiest way to get started purchasing Bitcoin in Canada.

ShakePay

Shakepay is a mobile app which allow you to send and receive Bitcoin very easily–using a phone number, email or BTC address.

BitBuy.ca

Bitbuy.ca is a Canadian owned and operated digital currency platform, offering Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH), and Bitcoin Cash (BCH). Funding is offered via Interac, Flexepin and bank wire.

BitAccess

BitAccess was founded in Ottawa, Canada, in 2013 and produces Bitcoin Automatic Teller Machines (BTM). Check out their website for a map of current BTM locations where you can purchase Bitcoin with cash instantly.

Bitcoin Exchanges

Bitcoin exchanges allow you to trade (buy/sell) bitcoin. You can also use exchanges to sell your digital currency back into Canadian dollars.

BitBuy.ca

Bitbuy.ca is a Canadian owned and operated digital currency platform, offering Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH), and Bitcoin Cash (BCH). Funding is offered via Interac, Flexepin and bank wire.

Coinsquare

Coinsquare is another Canadian exchange based in Toronto. We haven’t personally used this exchange, but we do hope to have a review available soon.

Binance

Binance is quickly becoming the fastest growing exchange in the world. They recently occupied the number one spot for 24-hour trading volume, after just 5 months in operation. A great exchange with low fees, solid support and a rapidly growing coin selection. Well worth signing up for an account. Fees can be lowered even further by paying in their native Binance Coin (BNB).

Bitfinex

Bitfinex is an exchange with a wide variety of top cryptocurrencies. It has some of the best account security features. However, there are concerns about the connections between Bitfinex and the Tether (USDT) currency, so it is not a good idea to keep coins on Bitfinex for any length of time.

Kucoin

Kucoin is a relatively new exchange based in Hong Kong. It has a good choice of trading pairs, as well as a nice user interface and standard security features. It also offer revenue sharing with users who hold their native coin, Kucoin Shares (KCS).

Einstein Exchange

Canadian exchange based in Vancouver, BC allowing instant credit card buys as well as CAD funding options.

Kraken

Kraken is a San Francisco-based cryptocurrency exchange. They offer a large array of trading pairs, and fees are pretty standard at the lower end of the scale.

As discussed in the Beginner’s Guide on this website, the sign-up process can be a little off-putting and it takes a long time to get fully verified – but it is a fairly straightforward process.

Coinbase Pro

Coinbase Pro (previously GDAX) is the trading exchange owned by Coinbase. Canadian customers can use their Coinbase account to open a Coinbase Pro account very easily. However, trading is currently limited to cryptocurrency non-fiat markets only.

BitMEX

BitMEX is the number one platform for leveraged trading of cryptoassets. Be warned—margin trading is extremely risky, especially at the levels offered by BitMEX (up to 100x!).

If you are considering margin trading, it is advisable to do plenty of research around how the BitMEX contracts work. You can also open a separate account at their testnet trading platform to practice trading using a test version of the BitMEX system.

Bitcoin Software Wallets

Also known as 'hot wallets', software wallets are run on internet-connected devices, such as your laptop, phone or tablet. They are primarily used for frequent day-to-day small transactions such as sending or interacting with exchanges, where convenience is important.

Zap

Zap is a desktop and iOS Bitcoin Lightning wallet allowing users to connect to Lightning nodes and use the Lightning network with ease. Currently in beta, the amazing UI/UX and solid developer commitment means the software is likely to be a mainstay in future.

Exodus

Exodus is a beautifully designed desktop multi-asset wallet. It is marketed as an “All-in-one app to secure, manage and exchange blockchain assets.” It has ShapeShift exchange built into the app so you can exchange various coins for a nominal fee, or just use the app as a secure wallet for your portfolio.

Jaxx

Jaxx is a well-designed, easy to use wallet. You can be setup in seconds, and it syncs across multiple devices (laptop, tablet, phone) on various different platforms (Apple, Windows, iOS, Android) so you can keep track of your portfolio easily. The app is developed by Decentral, a Toronto-based company.

Jaxx also offers built-in integration with ShapeShift exchange, so you can buy cryptocurrency directly in the app, which is a great feature for quick purchases on the go.

Bitcoin Hardware Wallets

Hardware wallets, or 'cold-storage wallets', offer security over convenience and should be used for long-term secure storage of bitcoin.

Trezor

Trezor is a cold storage hardware wallet. The most secure way to save your cryptocurrency coins is offline on a cold storage device such as hardware wallet. You are in control of your private keys which helps lower the risk of theft or loss.

Bitcoin News

Resources to stay up-to-date with Bitcoin industry news and get involved in the blockchain community.

YouTube: Crypt0

While his channel is not specifically aimed at Canadians, Omar Bham provides a wealth of insight and analysis into everything crypto. Anyone can benefit from his amazing videos that are published daily to his YouTube channel. I strongly suggest subscribing if you’re looking to stay up to date with the fast pace of the cryptocurrency markets.

YouTube: Ameer Rosic

Ameer Rosic is a well-respected Canadian cryptocurrency analyst–just one of many titles—who provides daily YouTube updates on the digital currency space. I find his videos to be non-biased and very informative, and they helped me considerably when taking the next step to learning the ins and outs of the cryptocurrency world. I advise you to subscribe to his YouTube channel and spend some time watching some of the many educational videos he has explaining everything from getting started to wallet security, as well as industry news and analysis right across the board.

Reddit

This subreddit about Bitcoin, Litecoin, Ethereum and other cryptocurrencies is specifically aimed at Canadians. It is a great resource to bookmark and check often for updated news, articles and analysis.

Spending Bitcoin

Websites and services allowing you to use your bitcoin for everyday purchases and bill payments.

CoinCards.ca

CoinCards.ca is a Canadian company offering store cards in exchange for cryptocurrency. If you are looking to shop on Apple, Amazon, or other online retailers, you can exchange your Bitcoin for store cards. The current pricing/fees can be found on the CoinCards website.

Bitcoin Apps & Tools

Bitcoin Taxes

Very reasonably priced online software for calculating your Adjusted Cost Basis (ACB) required for filing Canadian taxes. Includes API access for many exchanges, as well as CSV import of transactions.

Coin Market Cap

CoinMarketCap is the go-to site for checking coin prices, market caps, movements and other information. It is a great resource for traders, or even just newcomers looking to get up to speed with the various markets.

Blockfolio

Blockfolio is great app for tracking your digital currency portfolio. The only downside is that you need to enter your coin holdings manually, which can take some time if you have many. It offers the ability to log each trade (buy or sell) so that you can track your gains and losses over time.

CoinTracking

CoinTracking.info is an advanced cryptoasset tracking platform, allowing for automatic trade imports via API from the vast majority of exchanges (Pro version), as well as portfolio tracking, tax reports and backup options. A free account is available, as well as premium upgrade options.

Bitcoin Education

The following links provide a more in-depth approach to the world of blockchain technology and the Bitcoin protocol.

Blockgeeks

Blockgeeks is a “blockchain training technology educational platform” which teaches students the fundamentals of blockchain technology. A great resource for anyone interested in the technology side of cryptocurrencies.

Banking & Investments

Some additional resources which may be useful when setting up and preparing to purchase bitcoin.

Wealthsimple

Wealthsimple is an online investment service using automated technology to maximize profits, while at the same time lowering fees for more competitive investing over traditional banks and brokers.