What does non-custodial Bitcoin mean?

A non-custodial exchange delivers Bitcoin directly to your wallet instead of holding it for you. This reduces counterparty risk and ensures full ownership. Users are responsible for securing their keys. 1Bitcoin.ca operates on a non-custodial model to prioritize control.

Are there hidden fees when buying Bitcoin in 1Bitcoin.ca?

1Bitcoin establishes the rate for Bitcoin on our platform by adding a margin of between 0.49% and 3.49% to the rate provided by our liquidity sources. The price you see during your trades is always the rate you can purchase or sell at — there are no hidden fees or charges.

How long does it take to receive Bitcoin after purchase?

Withdrawals are typically processed within one business day, depending on confirmations and banking hours. 1Bitcoin.ca prioritizes predictable processing.

1Bitcoin vs Kraken Canada:

Honest Comparison for Canadians

Kraken is one of the oldest global exchanges offering services to Canadians. But longevity and advanced features come with trade-offs. Here’s how Kraken Canada compares to 1Bitcoin.ca for Canadians focused on Bitcoin ownership.

Platform Comparison Table

Feature	1Bitcoin.ca	Kraken Canada
Platform focus	Bitcoin-focused platform	Global cryptocurrency exchange
Supported assets	Bitcoin	200+ cryptocurrencies
Platform complexity	Simple Bitcoin purchasing	Advanced trading platform
Pricing model	Transparent Bitcoin pricing	Maker/taker trading fees
Trading tools	Simple buy & hold	Advanced charting and order types
Deposit methods	Canadian banking options	Interac e-Transfer, wires, cards
Custody model	Focus on Bitcoin ownership	Custodial exchange wallets
Target users	Canadians focused on long-term Bitcoin accumulation	Traders and active crypto investors

Key Differences

Custody Model — Ownership vs Account Balance

1Bitcoin sends Bitcoin directly to a wallet you control. This non-custodial structure removes platform risk after purchase.

Kraken is custodial. Users hold account balances and must rely on Kraken’s withdrawal systems, limits, and compliance processes.

Complexity vs Simplicity

1Bitcoin.ca is designed for buyers who want to acquire Bitcoin simply and move it into self-custody immediately.

Kraken is built for active traders, offering order books, margin tools, and advanced interfaces.

Fees & Transparency

1Bitcoin.ca provides a single quote before purchase, making total cost easy to understand.

Kraken charges trading fees that vary by volume and order type, plus withdrawal fees.

Who Should Use Kraken Canada

Kraken may be a fit if you:

Actively trade or use advanced order types
Want access to many assets
Are comfortable managing a custodial account

Who Should Use 1Bitcoin.ca

1Bitcoin.ca is ideal if you:

Want Bitcoin sent directly to your own wallet
Value non-custodial ownership from day one
Prefer transparent pricing over incentives

1Bitcoin FAQs

Why do some Canadians choose 1Bitcoin instead of Kraken?

Kraken is a global cryptocurrency exchange designed for trading many digital assets.

Many Canadians prefer 1Bitcoin because it focuses entirely on Bitcoin, making it easier to buy and hold Bitcoin without navigating complex trading tools or hundreds of cryptocurrencies.

How is pricing different between 1Bitcoin and Kraken?

Kraken uses a maker-taker trading fee structure, with fees typically starting around 0.16% for maker orders and 0.26% for taker orders depending on trading volume.

1Bitcoin focuses on transparent Bitcoin pricing, allowing users to clearly see the cost of their purchase before completing a transaction

Is 1Bitcoin beginner-friendly?

Yes. 1Bitcoin is designed to make buying Bitcoin simple and accessible for Canadians who are new to Bitcoin.

Large exchanges like Kraken often include advanced trading interfaces and complex order types, which can be overwhelming for beginners.

Should you withdraw Bitcoin to your own wallet?

Many Bitcoin users recommend withdrawing Bitcoin to a self-custody wallet, where you control the private keys rather than leaving funds on an exchange.

Platforms like 1Bitcoin encourage self-custody and long-term Bitcoin ownership, helping users maintain full control over their Bitcoin.

Which platform is better for long-term Bitcoin accumulation?

The best platform depends on your goals.

Kraken may appeal to traders who want access to many cryptocurrencies and advanced trading tools.

However, Canadians focused on long-term Bitcoin accumulation often prefer platforms like 1Bitcoin that are designed specifically around Bitcoin ownership and transparent pricing.