Buying and Selling Bitcoin in Canada
Both buying and selling Bitcoin
in Canada is simple when you use a regulated platform.
How to Buy Bitcoin in Canada
1. Create Account
Create your account at 1bitcoin.ca in just a few minutes.
2. Verify Identity
Upload government ID and proof of address as required under FINTRAC regulations.
3. Send e-Transfer
Send an Interac e-Transfer directly from your Canadian bank account.
4. Buy Bitcoin
Choose your amount and enter your Bitcoin wallet address.
5. Receive Bitcoin
Your Bitcoin is delivered directly to your wallet immediately.
Buy fee at 1Bitcoin.ca: 3.49% flat with no hidden spreads or surprise charges.
How to Sell Bitcoin in Canada
1. Log In
Access your 1Bitcoin.ca account securely.
2. Select Sell Bitcoin
Choose the amount of Bitcoin you want to sell.
3. Enter Bank Details
Provide the Interac e-Transfer email linked to your Canadian bank account.
4. Send Bitcoin
Transfer your Bitcoin to the receiving address provided.
5. Receive CAD
CAD funds are sent to your bank by Interac e-Transfer, usually the same business day.
Sell fee at 1Bitcoin.ca: 0.49% flat — among the lowest Bitcoin sell fees in Canada.
Processing Times
Buying Bitcoin
Once your Interac e-Transfer is received, Bitcoin is typically sent immediately during business hours.
Weekend transfers are processed Monday.
Selling Bitcoin
CAD is usually sent within 1–3 business hours after your Bitcoin is received.
Weekend sales are processed Monday morning.
Tax Considerations
Buying Bitcoin
Purchasing Bitcoin is not a taxable event.
Your purchase price establishes your cost basis for future reporting.
Selling Bitcoin
Selling Bitcoin is a taxable event in Canada.
Capital gains are calculated as: proceeds minus cost basis.
50% of the gain is included in taxable income.
Important: Keep records of every Bitcoin purchase and sale.
CRA reporting requires accurate records of transaction dates, purchase amounts, and sale proceeds.
Start Buying and Selling at 1Bitcoin.ca →
FINTRAC M21226416 | Non-Custodial | Bitcoin-Only | 20,000+ Canadians | Since 2020
See also: How to Sell Bitcoin Canada | Bitcoin Fees Canada | Bitcoin Taxes Canada | Buy Bitcoin in Canada