Buy Bitcoin with Bank Wire in Canada
Bank wire transfer is the best way to buy large amounts of Bitcoin in Canada.
Why Canadians Use Bank Wire to Buy Bitcoin
Interac e-Transfer is the most popular way to buy Bitcoin in Canada — but it has limits. Most Canadian banks cap Interac e-Transfers at $2,000–$3,000 per day.
If you want to buy more, a bank wire transfer is the answer.
Bank wire advantages:
No daily limits — send $10,000, $100,000, or more in a single transaction
Direct from your bank — no third-party payment processor
Secure and traceable — full audit trail from your bank account to ours
CAD-denominated — no currency conversion required
How to Buy Bitcoin with Bank Wire to 1Bitcoin.ca
Create Your Account
Visit 1bitcoin.ca and sign up. Takes under 2 minutes. You'll need your email address and phone number.
Complete Identity Verification
Canadian law requires identity verification before purchasing Bitcoin. You'll need:
- Government-issued photo ID (driver's licence or passport)
- Proof of address (utility bill or bank statement dated within 3 months)
- A quick selfie
Most users are verified within a few hours. For large purchases, enhanced verification may be required — our team will reach out if so.
Get the Wire Instructions
Once your account is verified and you're ready to fund via bank wire, navigate to the Funding section of your account. Select Bank Wire and you'll receive:
- Our bank name and address
- Account number
- Transit number
- Institution number
- A unique reference code to include in your wire
Send the Wire from Your Bank
Log into your bank's online banking or visit a branch. Most Canadian banks support outgoing wire transfers online:
- RBC: Online Banking → Transfers → Wire Transfer
- TD: Online Banking → Transfers → International/Domestic Wire
- BMO: Online Banking → Transfers → Wire Transfer
- Scotiabank: Online Banking → Transfers → Wire
- CIBC: Online Banking → Transfers → Wire Transfer
Confirmation and Bitcoin Purchase
Wire transfers typically arrive within 1–3 business days for domestic Canadian wires. Once received:
- Funds appear in your 1Bitcoin.ca account balance
- You can immediately purchase Bitcoin at the current market rate
- Bitcoin is sent directly to the wallet address you provide
Bank Wire Fees in Canada
No deposit fees for bank wire transfers. You pay a transparent trading fee on your Bitcoin purchase — shown clearly before you confirm.
Most Canadian banks charge a wire transfer fee of $15–$30 for domestic wires. Check with your bank for their current rate.
A small network fee applies when your Bitcoin is sent to your wallet. This varies based on network congestion.
Bank Wire vs Interac e-Transfer: Which Is Better?
| Factor | Bank Wire | Interac e-Transfer |
|---|---|---|
| Purchase limit | No limit | $2,000–$10,000/day |
| Processing time | 1–3 business days | 30–60 minutes |
| Best for | Large purchases ($10,000+) | Regular purchases |
| Fee (your bank) | $15–$30 | Free or $0.50–$2 |
| Fee (1Bitcoin.ca) | None | None |
Why Choose 1Bitcoin.ca for Large Bitcoin Purchases
Bitcoin-only platform. No altcoins, no distractions. Just Bitcoin.
Non-custodial. Your Bitcoin is sent directly to your wallet. We never hold your funds. This eliminates the risk of losing Bitcoin to a platform hack, freeze, or insolvency.
FINTRAC Registered MSB. 1Bitcoin.ca is a registered Money Services Business under Canadian federal law. We comply with all anti-money laundering and know-your-customer requirements.
Transparent pricing. No spread games. You see exactly what you pay before confirming.
Canadian support. Our team is available 7 days a week.
Who Uses Bank Wire to Buy Bitcoin in Canada?
High-net-worth individuals converting a portion of their portfolio to Bitcoin. Bank wire allows large, clean transactions from established bank accounts.
Business owners purchasing Bitcoin as a treasury asset. Bank wire provides a clear audit trail from business accounts.
Real estate sellers converting proceeds from a property sale into Bitcoin. Bank wire handles large transaction sizes that Interac can’t.
Repeat buyers scaling up from Interac purchases. As confidence grows, many buyers move to bank wire for larger allocations.
Frequently Asked Questions
What is the minimum bank wire amount at 1Bitcoin.ca?
The minimum is $500 CAD. For wire transfers, most buyers use this method for purchases of $5,000 or more, where the bank wire fee is proportionally small.
How long does a bank wire take?
Domestic Canadian wires typically arrive in 1-3 business days. Same-day processing is available at some banks for wires submitted before noon.
Can I send a wire from a business account?
Yes. We accept wires from both personal and business bank accounts. Business accounts may require additional verification documentation.
Is bank wire safe?
Yes. Bank wires are one of the most secure payment methods available. They are initiated directly from your bank, fully traceable, and protected by your bank’s security systems.
What if my wire doesn't arrive?
Contact our support team at help@1bitcoin.ca with your wire confirmation number and we will investigate immediately.
Can I wire from a US bank account?
1Bitcoin.ca serves Canadian residents with Canadian bank accounts. International wires may be available — contact support for guidance.
No. This is general education only.
Ready to Buy Bitcoin with Bank Wire?
1. Create a free account at 1bitcoin.ca
2. Complete identity verification
3. Get your wire instructions
4. Send your wire
5. Buy Bitcoin — sent directly to your wallet
1Bitcoin.ca is a FINTRAC-registered Money Services Business | Non-Custodial | Bitcoin-Only | 20,000+ Canadians Served Since 2020