How to buy Bitcoin with credit or debit card in Canada?

As crypto’s markets tend to grow and paying for goods with Bitcoin becomes more and more common it is very important for people to be able to get cryptocurrency easily. One of the fastest and safest ways to acquire Bitcoin from fiat money is to use crypto exchanges. Many of those give people many options to pay for cryptocurrencies, but one of the most common is using a credit or debit card. So, the question that needs to be answered is how to buy Bitcoin with a credit or debit card?

Choose the right crypto exchange

First of all you have to find a crypto exchange that does fiat crypto transactions. Different exchanges operate in different countries. If you are in the USA you will use one exchange but if you buy Bitcoin Canada you will probably have to use another exchange. 

Also, look at transaction fees at various exchanges and don’t forget to check reviews online. Trust your money only with respectable exchanges with competitible fees.

Create Bitcoin wallet

Another important step in order to acquire cryptocurrency is to have a crypto wallet. Once again search for secure wallets. Read reviews online to find the best options.

Also, don’t forget to use both cold and hot wallets. Cold for securely storing large amounts of crypto and hot for daily operations. This step is important for security reasons. Cold wallets are storages that are not connected to the internet and are protected from cyber attacks. Hot wallets, on the other hand, let users send and get tokens.

Choose payment option

Payment options differ from exchange to exchange. If we are talking about fiat to crypto exchanges the most common paying options are credit or debit, bank transfer, paypal. Other exchanges could offer more paying options.

Buy Bitcoin

You have exchange, wallet and have chosen a payment option all what’s left is to buy Bitcoin or other crypto. Select the amount, write your wallet address and now you are a proud owner of cryptocurrency. 

Nowadays when we have so many different crypto related services buying, selling and transferring cryptocurrencies are super easy. Anyone can incorporate cryptos in their day to day money operations. It is easy to acquire and operate.

What are the benefits of having bitcoin?

There are many but to name a few: more privacy, more security, more anonymity. Besides that Bitcoin is the best performing financial instrument of all time. It manages to give investors great financial returns. So, another reason why you should buy Bitcoin is to expand your investment portfolio.

Conclusion

Having cryptocurrencies is becoming more and more common between people. There are expanding amounts of services that use cryptos for payments. To be a part of tomorrow’s world you must acquire cryptocurrencies because they are the future. In this article we talked about how anyone could easily buy Bitcoin with a credit or debit card. The process is simple and available for almost anyone.

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