Bitcoin is a decentralised, peer-to-peer cryptocurrency. As such, it can operate without the need for a centralised authority (such as a bank) for transactions. Created in 2009, Bitcoin has become more and more popular amongst traders with its current market cap exceeding 1 billion dollars. You can buy Bitcoin quickly and easily on a registered Bitcoin exchange like Swyftx.
Mining is the process that creates the digital currency where transaction validators who secure the network are rewarded in Bitcoin. Buy Bitcoin in Canada and take advantage of our low spreads and trading fees. Using Swyftx, you can set up recurring orders to buy and sell Bitcoin, use our stop, limit and market orders feature, view real-time price feeds and practise trading with our free demo mode.
Bitcoin was first created in 2009 by a person or group using the pseudonym Satoshi Nakamoto. The true identity of Nakamoto is still yet to be revealed. The idea behind Bitcoin was to create a peer-to-peer cash system unlike any government-issued or fiat currencies. Since its founding, Bitcoin has soared to new heights and is accepted as a currency in several destinations across Canada. Canada is now seen to be one of the most Bitcoin-friendly countries in the world with both Toronto and Vancouver considered ‘Bitcoin hubs.’ In fact, Canada boasts the title of being the first-ever country to have a Bitcoin Automatic Teller Machine (ATM). Currently, there are thousands of Bitcoin ATMs scattered around the country allowing users to exchange Bitcoin assets for cash and vice-versa. For those looking to buy Bitcoin in Canada, simply sign up to the Swyftx Bitcoin Exchange and verify your ID.
You can buy Bitcoin in Canada using registered Bitcoin Exchanges/crypto trading platforms that support selling and buying Bitcoin, such as Swyftx Crypto Exchange. When you sell, trade or buy Bitcoin and other cryptocurrencies in Canada with Swyftx, you trade with low fees and small spreads. Sign up for a free trading account, verify your account, deposit CAD with a variety of payment methods including bank transfer, OSKO, PayID or POLi and click ‘buy Bitcoin.’ After you purchase Bitcoin, it will become immediately available in your wallet. As a secure platform, Swyftx has several security measures in place to protect you when you buy Bitcoin such as two-factor authentication and bio-metric login technology to keep your account and Bitcoin safe from hackers. With the Swyftx app, you can buy Bitcoin on the go and chart and monitor your favourite cryptocurrencies wherever are you. Using our demo mode, you can practice Bitcoin trading and ‘buy and sell Bitcoin’ with no financial risks which are particularly handy for those new to the Crypto space. Then, once you’re more comfortable with the Bitcoin and crypto markets, turn off demo mode and buy Bitcoin for real. On top of this, Swyftx has features that allow you to automate your trading and set recurring orders to buy Bitcoin. If you need any assistance when you go to buy Bitcoin, Swyftx has a live chat that offers personalised customer supports.
before you buy Bitcoin and other cryptocurrencies, it’s important to do your research and be cautious of scams and fraud. It’s generally considered that the safest and best to buy Bitcoin in Canada is to purchase it on a cryptocurrency exchange like Swyftx. The Swyftx exchange offers users low fees and spreads, allowing you to earn more from your crypto assets and maximise your profits. For beginners, our demo mode is a handy learning platform for you to mock trade using artificial currency. This allows you to learn the crypto markets and get the confidence to trade for real. For more experienced traders, our Swyftx Bitcoin Exchange includes advanced features such as limit, stop and market orders, biometric login, recurring order options, trading viewing charts and debit/credit card and bank transfer deposits. We give our users the ability to buy BTC on our mobile app or on a desktop, meaning you can trade on the go or at home.
On the Swyftx crypto trading platform, you can deposit money into your account using debit and credit card, which can then be used to buy BTC and other cryptocurrencies. You can also deposit money into your account via bank transfer, PayID, and POLi. So if you’re looking for a reputable and registered crypto exchange in Canada, where you can buy Bitcoin with credit card, look no further than Swyftx. Credit card deposits usually take no longer than 1 minute, however, it can take up to 30 minutes for the CAD to land in your account.
Yes, Swyftx allows you to deposit CAD into your account via bank transfer, PayID, POli and debit/credit card. Once the funds have landed in your account, this can then be used to buy Bitcoin and other cryptocurrencies listed on our exchange. Bank transfer deposits are typically received within 1 minute, however, this can differ depending on who you bank with.
A crypto wallet is the safest place to store your Bitcoin and other cryptocurrencies. This is unlike the wallet you keep in your pocket, as they don’t hold physical funds. A crypto wallet is necessary for sending, receiving and storing your digital assets. A wallet will be automatically integrated into your account when you sign up to our cryptocurrency exchange. When you buy BTC and other assets, these are immediately stored in your wallet. If you wish to transfer your digital assets to an external wallet, you can easily do so, by withdrawing the asset and sending it to your wallet address.
The price of Bitcoin that is listed on the Swyftx trading platform, is reflective of real-world trading volumes. If you are looking to either buy or sell Bitcoin, the price is set depending not the most recent trade that occurred. This is why you may have noticed that the buy and sell price of Bitcoin listed on Swyftx is slightly different. This is called a spread, and all crypto exchanges have them. Swyftx is proud to offer our users some of the lowest spreads in the country.
Swyftx has low spreads and low trading fees.
Verify your account in under a minute with our fast and document free verification process.
Secure accounts protected by two-factor authentication and breached password detection.
Learn to trade and gain experience with Swyftx risk free by enabling the demo mode. We even simulate real life liquidity and market depth.Create a free account
Deposit and Withdraw AUD via PayID, OSKO, Bank Transfer & POLi
Automate your crypto investments. Setup recurring deposits to your Swyftx account and have then automatically split across your own range of cryptos.
Never miss a trade or get caught out by the crypto market volatility. Set Buys and Sells to trigger at any price you want.
Easily secure your account with multi-factor authentication and biometric login. Swyftx also monitors other sites for data breaches that might result in compromises on your account.