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In 2021, canada's security regulator made history by approving the first bitcoin etf in north america to trade on the toronto stock exchange. They have an easy to use web app and ios/android app that enables users to buy bitcoin and other cryptocurrencies within minutes. Shakepay have already served 50,000+ customers worldwide and has exchanges $50m+ in crypto currency. You can buy bitcoin on coinsmart with cad directly using a credit or debit card, for a 6% processing fee. Bitcoin is not considered a legal tender currency in canada but is rather treated as a commodity.
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The best way to buy bitcoin and other cryptocurrencies in canada is through an exchange such as coinbase, bitbuy, kraken, shakepay, coinsmart and coinberry.
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There are a plethora of options available, so it is best to look at each of the exchanges' processes for deposits and withdrawals, fees, and transaction speeds to determine which is best. Bitbuy has some of the most competitive fees in the industry. Shakepay is a new and highly regarded bitcoin and cryptocurrency exchange based in canada. It is basically coins that can be transacted through internet. You can choose to pay via interac etransfer, flexpin voucher, or bank wire.
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So the easiest way to buy bitcoin in canada is probably going to be through paypal when it enables it sometime in 2021 (but perhaps as a limited rollout at the beginning).
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Shakepay have already served 50,000+ customers worldwide and has exchanges $50m+ in crypto currency.
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