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Author: Admin | 2025-04-27
In this guide, I’ll show you the best options for buying Bitcoin in Canada. I will also explore the legality and popularity of Bitcoin in Canada.How to Buy Bitcoin in Canada SummaryAlong with Bitcoin ATMs, there are several ways to get your hands on Bitcoin in Canada. Just follow these steps:Get a Bitcoin walletOpen an account at CoinSmartChoose how much Bitcoin you want to buyEnter your Bitcoin wallet addressSelect your payment optionIn addition to CoinSmart, here are some more options for buying Bitcoin in Canada: Availability: Canada only Availability: Canada only Availability: Canada only arrow-left arrow-right That’s how to buy Bitcoin in Canada in a nutshell. If you want a more detailed explanation, keep on reading. Here’s what I’ll cover:Bitcoin legal status in CanadaBitcoin’s popularity in CanadaBitcoin communities in CanadaBuy Bitcoin on Canadian exchangesBuy Bitcoin on international exchangesBitcoin ATMs in CanadaConclusion 1. Is Bitcoin legal in Canada?While digital currencies aren’t officially recognized as money, Bitcoin is legal in Canada. According to the Government of Canada website, tax rules do apply to digital currency transactions, and cryptocurrencies such as Bitcoin are taxed as either a capital gain or business income.Canadian residents are, therefore, free to buy, sell, and trade Bitcoin, which is regulated under Canada’s anti-money laundering and counter-terrorist financing laws. 2. How popular is Bitcoin in Canada?The Google Trends chart below shows the interest in Bitcoin across Canada. This chart provides live data directly from Google. When you search for ‘bitcoin,’ the chart reveals how frequently users look it up
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