Bitcoin was first launched in 2009 by the pseudonymous Satoshi Nakamoto with the goal of creating the world’s first decentralized currency. Bitcoin uses blockchain technology to regulate the release of new Bitcoins and verify transactions independently of the banking system. It was designed to pay for goods and services online without relying on the major banks and paying high transaction fees.
Bitcoin has been used as a currency since 2010 and it continues to grow. Businesses are using Bitcoin to reduce transaction fees and pay suppliers, while individuals can buy an increasing number of goods and services with Bitcoin. Individual investors and mutual funds have also begun investing in Bitcoin and other cryptocurrencies.
Since 2016, Bitbuy has offered Canadians an on/off ramp for cryptocurrencies. Bitbuy allows you to buy Bitcoin with Interac e-Transfer and Bank Wire. It’s the easiest way to convert fiat currency into Bitcoin.
Ever since skyrocketing prices brought Bitcoin into the headlines, more people have been asking themselves if they should buy Bitcoin. There are several reasons why it may make sense for you to sign up to buy and sell Bitcoin today.
#1 Investing in Bitcoin: Many Bitcoin buyers are investors who use the cryptocurrency in their portfolio the way they might invest in gold. It’s an alternative to fiat currency that can produce big gains. Buying and selling Bitcoin as an investment also comes with risk, as the cryptocurrency has seen major price volatility. However, there are a finite number of Bitcoins that can be unlocked, and the rate at which they can be mined is periodically halved. There are only 21 million Bitcoins that will ever exist, most of which are already in circulation.
#2 Using Bitcoin for Transactions: As prices stabilize, Bitcoin will return to its roots as a decentralized currency. Other cryptocurrencies like Litecoin and Bitcoin Cash were designed to make transactions faster and be used for buying goods and service. There’s a growing list of merchants who accept Bitcoin. From e-commerce to server providers, you can pay for a number of goods and services with Bitcoin. As a business, Bitcoin allows an alternative to the banking system. More businesses are using Bitcoin to pay suppliers to avoid foreign currency exchange, regulations, high transaction fees, and wait times for international wire transfers.
#3 Digital Cash without Banks: Independence from the banking system is a major motivating factor for many Bitcoin and Bitcoin Cash buyers. They want to avoid the high fees and wait times involved in digital cash. As the world increasingly moves toward a cash-free society, Bitcoin and other cryptocurrencies are the only alternative to relying on major banks.
Whether you want to invest in cryptocurrency or use it as a business solution to cut transaction fees and pay suppliers, you can safely buy Bitcoin online on Bitbuy with the assurance of customer support. At Bitbuy we stand out as a Canadian crypto exchange by providing better customer service and support.
Bitcoin and cryptocurrencies are at the heart of the new decentralized economy. Bitbuy encourages buying and selling Bitcoin by providing a technology platform that anyone can use. In addition to providing an easy way to buy Bitcoin, we also provide resources for learning about blockchain technology and cryptocurrencies.
Everyone should be able to buy Bitcoin simply and securely. Sign up for Bitbuy and start trading cryptocurrencies.
To learn more check on Bitcoin’s Whitepaper: https://bitcoin.org/bitcoin.pdf
Eager to buy Bitcoin but not sure how? No worries! Bitbuy is the simplest and most secure platform to buy Bitcoin and other cryptocurrencies on. Bitbuy always ensures the lowest associated fees and highest security when buying, selling or trading cryptocurrency.
Investors can easily invest in Bitcoin by creating an account with Bitbuy, adding funds to their account directly through e-Transfer or bank wire and buying Bitcoin directly through the Bitbuy platform. Experience problems or need questions answered along the way? Do not fear, Bitbuy is always here. Our customer support team will ensure your investment journey is smooth sailing throughout.
Buying Bitcoin in Canada as well as other digital currencies is simple and secure with Bitbuy. Here is how it works:
If at any point you need help signing up, verifying your account, adding funds, or buying and selling Bitcoin, just contact customer support for same-day assistance.
Bitbuy is one of the best and most secure places to buy Bitcoin in Canada. Here is why:
Every transaction you make on Bitbuy is encrypted using SSL (Secure Socket Layer) technology with two-factor authentication solutions implemented throughout. Bitbuy operates with a 99% cold storage reserve for all digital currencies in custody and executes daily encrypted and distributed backups for disaster recovery. Here at Bitbuy, it is crucial users know that their digital assets are is safe with us.
Bitbuy offers some of the lowest buying and selling fees in Canada. You can check out our trading fees and processing times before you buy Bitcoin.
Buying cryptocurrency directly from individuals is slow and risky. Cryptocurrency exchange platforms like Bitbuy make the process faster and far more efficient.
We pride ourselves in our exceptional customer support which sets us apart from other digital asset marketplaces. Simply submit a request under Bitbuy Support to be paired with one of our experts. We believe that exceptional customer support is an essential part of simplifying cryptocurrency for everyone.
Interac e-Transfer is the most popular way to pay online in Canada. Canadians want to buy Bitcoin (BTC) with Interac, but banks do not make it easy. Bitbuy exists to simplify the process when you want to buy BTC in Canada with Interac. You can use your bank account directly to fund your Bitbuy account, which you then use to buy and sell cryptocurrencies in Canada.
Looking for a place to store your Bitcoin? Bitbuy is the perfect place to start. Bitbuy has a built-in wallet in each user ‘s account that you can use to store your Bitcoin safe and securely.
You can trade your Bitcoin on Bitbuy. Follow the instructions below to understand how;
When you log into your Bitbuy account you will be automatically directed to the ‘Accounts’ section of your account. Click 'Express Trade' located at the top of the page if you are already logged in. To institute the trade, click the 'Sell' button which will appear in red.
Click the drop-down and search Bitcoin (BTC) to begin the sale.
Enter the amount of BTC that you wish to sell. The dollar value of your sale will be displayed below under ‘Transaction summary'. When you are ready, click the 'Sell' button to complete the transaction.
Sign into your Bitbuy account and you will be automatically directed to the 'Accounts' section. If you are already logged in, click on 'Accounts' in the bottom right corner of the navigation bar.
Locate Bitcoin and click on the 'Sell' button.
Enter the amount of Bitcoin you wish to sell. The value of your sell will be displayed at the bottom of the page. When you are ready to continue, click the 'Place Sell Order' button to complete your transaction!
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Quickly find the answers you need in our support centre, or contact a member of our team 24/7/365, and we'll be happy to assist you.
Bitbuy was designed for both new traders seeking a simple interface and for advanced traders who know their way around the crypto world. We understand that getting started with cryptocurrency can seem a little daunting and our goal is to make the process easier for you.