Bitcoin Explained for Canadians

Bitcoin is digital money with a fixed supply. That’s it. Everything else follows from those two properties.

What Is Bitcoin?

Bitcoin is a form of money that:

Exists only digitally, with no physical coins
Has a hard limit of 21 million — no more can ever be created
Is controlled by no government, central bank, or company
Can be sent anywhere in the world in minutes

Think of it like digital gold — scarce, globally recognized, and valuable because of its fixed supply.

Why Does Bitcoin Have Value?

Scarcity. Only 21 million Bitcoin will ever exist. No inflation. No dilution. No printing more.

Decentralization. No government controls it. No bank can freeze it if you self-custody. No company can shut it down.

Network effect. Over 100 million people worldwide hold Bitcoin. Every major bank and investment fund now has exposure.

Proven track record. Bitcoin is 15+ years old. It has survived every crisis, crash, and regulatory attack thrown at it.

Bitcoin vs Traditional Money

	Bitcoin	Canadian Dollar
Supply	Fixed 21M forever	Unlimited, can be printed
Controller	Nobody	Bank of Canada
Inflation	Predictable, decreasing	Variable
Settlement	Minutes, 24/7	Days, business hours

Is Bitcoin Legal in Canada?

Yes. Completely legal. FINTRAC regulates Bitcoin platforms, the CRA taxes capital gains, and the OSC oversees Bitcoin ETFs. You can buy, hold, and sell Bitcoin freely as a Canadian.

How to Buy Bitcoin in Canada

At 1Bitcoin.ca:

Create account
Verify identity, as required by FINTRAC
Send Interac e-Transfer
Receive Bitcoin in your wallet

Get Started →

FINTRAC Registered | Non-Custodial | Bitcoin-Only | 20,000+ Canadians | Since 2020