Bitcoin Transaction Fees in Canada
There are two types of fees to understand when using Bitcoin in Canada: exchange fees and on-chain network fees.
Buy Bitcoin at 1Bitcoin.ca →1. Exchange Fees (Buying/Selling Bitcoin)
When you buy Bitcoin at a regulated exchange, the platform charges a fee.
These are transparent, flat-rate fees. The price shown is the price you pay — no hidden spreads.
Comparison: Bitcoin ATMs charge 7–20%. Peer-to-peer platforms have variable fees and higher counterparty risk.
2. On-Chain Network Fees (Sending Bitcoin)
When you send Bitcoin on the blockchain, miners charge a small fee (measured in satoshis per byte). These fees go to miners, not to 1Bitcoin.ca.
Fees fluctuate based on network congestion. You can check current fees at mempool.space.
Tip: For small transactions, use Lightning Network wallets (Breez, Muun) — Lightning fees are near zero.
3. Withdrawal Fees at 1Bitcoin.ca
When you withdraw Bitcoin from 1Bitcoin.ca to your own wallet, a small network fee is included.
This is the on-chain miner fee — not a 1Bitcoin.ca fee.
Minimizing Fees
- Buy: Use a low-fee regulated exchange (1Bitcoin.ca at 3.49% vs 10–20% at ATMs)
- Send: Choose low-fee periods (check mempool.space for congestion)
- Small amounts: Use Lightning Network
- Hold: Most Canadians hold Bitcoin — minimizing transactions minimizes fees