How to Send and Receive Bitcoin in Canada

Sending and receiving Bitcoin
is straightforward

But the irreversibility means you need to get it right. Here's how.
Buy Bitcoin to Send at 1Bitcoin.ca →

How Bitcoin Addresses Work

A Bitcoin address works similarly to a bank account number — except it is public and cryptographically generated.

Example Bitcoin address:
bc1qxy2kgdygjrsqtzq2n0yrf2493p83kkfjhx0wlh

Public but Secure

Bitcoin addresses are designed to safely receive transactions without exposing your private keys.

Always Copy-Paste

Never type a Bitcoin address manually. Always copy-paste or scan the QR code.

Transactions Are Final

Sending Bitcoin to the wrong address usually results in permanent loss with no recovery option.

Use New Addresses

Most modern wallets automatically generate a new address for every transaction to improve privacy.

Important: Bitcoin transactions are irreversible.

Always verify the address carefully before sending any Bitcoin.

How to Receive Bitcoin

Step 1

Open your Bitcoin wallet (BlueWallet, Ledger, Trezor, etc.)

Step 2

Tap "Receive" to generate a receiving address.

Step 3

Copy the Bitcoin address or share the QR code.

Step 4

The sender transfers Bitcoin to your address.

Step 5

The transaction appears as pending, then confirms after 1–6 confirmations.

How to Send Bitcoin

1. Open Wallet

Launch your Bitcoin wallet app or hardware wallet software.

2. Tap Send

Select the "Send" option.

3. Enter Address

Paste the recipient's Bitcoin address and double-check it carefully.

4. Enter Amount

Input the amount in BTC or CAD equivalent.

5. Choose Fee

Higher fees usually confirm faster. Most wallets recommend a fee automatically.

6. Confirm

Review everything carefully before broadcasting the transaction.

Transaction Fees & Confirmations

Bitcoin transactions require a fee paid to miners. Fees fluctuate depending on network congestion.

Low Fee

$0.50–2 CAD

Estimated confirmation: 30–60 minutes

Medium Fee

$2–10 CAD

Estimated confirmation: 10–30 minutes

High Fee

$10–50 CAD

Estimated confirmation: next block (~10 minutes)

Confirmations explained: Most services require between 1–6 confirmations before considering Bitcoin fully settled. Each block typically takes ~10 minutes.


Buy Bitcoin at 1Bitcoin.ca →

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See also: Bitcoin Wallet Canada | Bitcoin Self-Custody Canada | Buy Bitcoin in Canada