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Author: Admin | 2025-04-28
Fiat currency. Thereafter, click “Buy with CAD” and complete the process. Crypto exchanges generally allow you to pay using your debit/credit card or a wire transfer. Step 2: Buy BitcoinWhen you click “Buy with CAD,” a “Buy/Sell” panel will appear. On the “Buy” panel, fill in the amount in CAD. The “Receive” box will reflect the corresponding value in Bitcoin. Select the preferred method of payment.Complete the buying process, and Bitcoin will appear in your exchange wallet.You can also acquire Bitcoin through over-the-counter (OTC) trading or peer-to-peer (P2P) trading on a centralized exchange. In OTC trading, the crypto exchange facilitates the buying and selling of the cryptocurrency directly between two parties. Such trades typically involve large sums with a minimum order size. For example, Binance requires a minimum of $200,000 for OTC Bitcoin trades. For smaller amounts, P2P trading is a viable option. For this method, the exchange acts as a secure intermediary between the buyer and seller, holding the crypto in escrow until the money transfer is confirmed. Depending on the seller’s preferences, buyers can use fiat currency or other cryptocurrencies to complete the purchase.How to buy Bitcoin in Canada using a non-custodial walletUnlike centralized exchanges, non-custodial wallets give you complete control of your Bitcoin. Here is how to buy Bitcoin using a non-custodial wallet with Trust Wallet as an example. It assumes you have created a new wallet on Trust Wallet after setting up a password and securely storing your 12-word recovery phrase.To begin the buying process of Bitcoin, tap the “Buy” button on Trust Wallet Home screen.Search for “Bitcoin” or “BTC” and select it. Fill in the amount and complete the purchase.Verify all purchase details and tap “Confirm” to complete the transaction. Once the network processes the transaction, the purchased Bitcoin will appear in your Trust Wallet.Did
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