Short Answer: You Don’t — and That’s by Design
At 1Bitcoin.ca, we operate as a non-custodial Bitcoin brokerage. That means you do not deposit Bitcoin into an account balance the way you would at an exchange or wallet service.
We never hold your Bitcoin.
Instead, you buy Bitcoin through us, and we send it directly to your own wallet, where you control the private keys. This model exists to reduce counterparty risk and keep ownership where it belongs — with you.
If you’re new to our process, it often helps to first understand how we handle purchases when you Buy Bitcoin in Canada through a self-custodial workflow.
How the Process Actually Works
Here’s what happens step by step:
- Fund your order with CAD
You send Canadian dollars via Interac e-Transfer or bank wire. - Compliance & confirmation
Once funds are received and any required checks are completed, your order is queued for fulfillment. - You provide a wallet address
This is your Bitcoin wallet — mobile, hardware, or desktop. - We send Bitcoin directly to you
Our operations team manually sends the Bitcoin to the address you provided.
Most orders are completed within a few hours. During high-volume periods, fulfillment may take up to ~12 hours.
At no point does Bitcoin sit in a “1Bitcoin balance.”
“What If I Already Have Bitcoin Somewhere Else?”
If you already own Bitcoin and want it in your own wallet:
- Simply send it directly from its current location to your wallet
- There is no reason to route it through 1Bitcoin.ca
- We do not accept inbound Bitcoin deposits or hold funds on your behalf
This distinction is important. We are not an exchange, and we are not a custodial wallet.
For larger transactions, block trades, or situations requiring discretion, Canadians sometimes work with Bitcoin OTC Canada — which follows the same non-custodial delivery principle, just at higher volumes.
Why We Don’t Accept Bitcoin Deposits
This model exists for one core reason: security.
By not holding Bitcoin:
- We eliminate exchange-style custody risk
- You never depend on us for withdrawals
- Your funds cannot be frozen, rehypothecated, or lost in insolvency
This same principle is why many sophisticated users — from families to corporations — prefer direct delivery models when managing meaningful value, including those exploring Corporate Treasury Bitcoin Canada strategies.
Common Misunderstanding (and Why It Matters)
If you’re used to exchanges, it’s natural to ask:
“Where do I deposit my Bitcoin?”
With 1Bitcoin.ca, the correct mental model is:
CAD comes in → Bitcoin goes out → straight to your wallet
Once the Bitcoin is sent, it’s yours. We cannot reverse it. We cannot access it. And we cannot control it.
That’s not a limitation — it’s the point.
Final Takeaway
You don’t deposit Bitcoin into 1Bitcoin.ca because we’re built around self-custody and direct ownership.
If you’re holding Bitcoin with us, something is wrong — because we never hold it.
And that’s exactly how it should be.
