As the interest in bitcoins and other cryptocurrencies is increasing, more and more people in Canada have started wondering how they can buy these cryptocurrencies. There are a few options that allow secure transactions, but in order to use them, you have to rely on your credit card. Purchasing cryptocurrencies with a credit card is not as simple as using local bank transfers. Of course, this doesn’t mean that this activity is very difficult. As a matter of fact, there are dozens of bitcoin and cryptocurrency exchanges and trading service providers that you can use in Canada.
First of all, there is eToro. This is a special platform because it allows users to copy the trades of the most popular cryptocurrency investors. So, it acts as a social investment website. It works in Canada and almost every other country in the world. The fees are not fixed and eToro uses spreads. Besides credit cards, users can also rely on other payment methods like bank transfer and PayPal.
Another good option for Canadians interested in Bitcoin investments is xCoins. In case you didn’t know, this is a peer-to-peer Bitcoin lending system. It allows you to purchase bitcoins with your credit cards and also with the help of your bank account or PayPal. The fee depends on the size of the transaction. Obviously, the more you invest the smaller the fee.
There is another system that is used by many Canadians and that’s Changelly. What’s unique about this platform is the fact that it allows a crypto-to-crypto exchange. You can exchange both Bitcoin Gold and Bitcoin Cash. The fees are fixed – 0.5% per transaction and an additional networking fee. You can use dollars, Euros and over 35 cryptocurrencies to buy Bitcoin and other cryptocurrencies.
Indacoin, Paxful, cex.io, and LocalBitcoins are some other popular options used by Canadian cryptocurrency investors. Basically, you can use peer-to-peer exchanges, bitcoin brokers and open exchanges for this purpose.
When selecting a service for buying Bitcoin or other cryptocurrencies, you should analyze a few things. You should check things like type of credit cards that are accepted, credit card surcharges, transfer limits, currency exchange fees and the mechanics behind these transfers.
Buying bitcoins with a credit card is one of the safest and most convenient methods of buying this popular cryptocurrency in Canada today. Find the best service provider for your needs and start your business venture.
— Y&R South Africa (@YoungRubicamSA) 14 de diciembre de 2017