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Are you interested in buying bitcoin in Canada? Nowadays, purchasing a cryptocurrency has become way more accessible than before. You can find many authentic crypto apps and exchanges in Canada. This article focuses on all the necessary information regarding the best apps you can find to buy bitcoin. Happy reading!
Understanding bitcoin:
Bitcoin was invented in 2009 and is now the most popular and widely used cryptocurrency. It is a decentralized digital currency whose actual creators are still a mystery up to date. It aims to facilitate peer-to-peer payments without any indulgence of intermediaries. Btw, there is the option if you don’t wanna buy any Bitcoin. Learn how to get it for FREE - safetradebinaryoptions.com.
Main features of the best cryptocurrency apps:
A crypto app must have some key features that will be beneficial for you while you trade with them in Canada.
1. Security concerns:
Security is the first matter of consideration while investing. On the security feature, check how many of the assets are kept online. You must know if the exchanger is private insurance or a part of a bug bounty scheme. Also, check if it has been the victim of hackers.
2. Fees:
Before opening the account, look out for the cost of deposit, withdrawal, or trade. Avoid paying extra for unnecessary stuff.
3. Easy to use:
Look for an app whose features are easy to understand. In the case of a beginner, you should search for a beginner-friendly app.
4. Guidelines:
The more knowledge, the better, so check if your chosen app has some learning center there. You might want some guidelines during trading, so finding them on one platform is good.
The Best Trading Apps in Canada for Buying Bitcoin for Trading Purposes:
The wait is over because below, we are listing the best crypto apps where you can safely start investing or trading bitcoin.
1. Newtons
- 30+ coins are available on bitcoin, bitcoin cash, litecoin, monero, etc.
- No trading fees; however, they earn money through the spreads present on the quoted prices.
- It will cover up to $5 on mining fees for withdrawal, CAD for deposits cost zero, and the crypto withdrawal fee depends on the supported coins.
- Earn $25 with signup and 25$ for sharing it with your friends. You can buy at least 100 dollars in cryptocurrencies.
2. Shakepay
- It is known to be the most user-friendly app in Canada.
- 10+ coins available in Bitcoin and Ethereum
- No separate trading fee. Charges are based on the prices seen as the margins.
- CAD deposits, withdrawals, Bitcoin, and Ether deposits are free.
- It covers the mining fees in case of withdrawals.
- $10 on signing up and referring it to friends. You can trade at least $100—free Satoshi for opening the app and checking your phone daily.
3. NDAX
- 11 Coins available on Bitcoin, Ethereum, Litecoin,
- Charge 0.20% for buying and selling crypto.
- Flat fees for withdrawals, CAD 25 withdrawals with fees for the crypto assets.
- Earn $10 on signup,$25 for a reference to a friend. deposit a minimum of $100
- They are looking for investors interested in trading large volumes.
4. Netcoins
- Seven coins are available on Bitcoin, Ethereum, Bitcoin Cash.
- 0.5% trading fee plus additional markups/spread.
- CAD deposits, withdrawals, Depositing your crypto are all free. There is a flat fee (Bitcoin – 0.0005) BTC available for withdrawals.
- Sign up using a referral link, gain $10, $50 for referring to someone, and trade a minimum of $100.
5. Coinsmart
- Nine coins are available with 0.2% to 0.4% depending on the currency pairs.
- Sign up and earn a $20 referral bonus, deposit a minimum of $100.
- It consists of a feature called SmartPay, that makes it easy to invoice and start accepting crypto payments.
6. Bit buy
- Charge 0.2% fees on the Express Trade platform and 0.1-0.2% for Pro Trade and API users.
- $20 bonus on signing up, $20 to share with a friend. You can make a single deposit of at least $250.
- Recommended for Pro Trade and API for users looking to trade large amounts.
7. Wealth simple crypto
- Most popular Robo-advisor.
- It Allows electronic funds transfer.
- 10 dollar bonus on signing up.
- No trading fee
- 1.5-2.0% additional fee is included as a spread.
8. Mogo crypto
- It consists of only bitcoin.
- 1% trading fee available.
- 10 dollar bonus on signing up.
These are some of the best apps for trading bitcoin in Canada. While your trading profit or loss depends on your trading skills and knowledge, one thing that is sure about these apps is that trading has been made easy with these apps.
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.