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How to buy Bitcoin

BTC

Satoshi Nakamoto invented Bitcoin in 2009. He based the concept on another invention - the blockchain, which is a distributed digital record. As the world’s first and most popular cryptocurrency, Bitcoin is practically the face of the industry. It's also the most valued cryptocurrency. Bitcoin is governed by the collective authority of its users. Peer-to-peer transactions are made using a decentralised infrastructure, and value is stored without the involvement of any government, enterprise, or financial institution. Besides being controlled by a network of decentralised computers and providing an alternative to centrally controlled fiat money, Bitcoin also allows you to efficiently transfer funds over the internet. You can buy and sell BTC for any major cryptocurrency – like ETH and XRP – or traditional currency such as Canadian Dollar, US Dollar, and Euro. Trading cryptocurrencies is like foreign exchange of traditional currencies – you trade BTC for ETH the same way you trade CAD for USD. You can also trade BTC to CAD based on the BTC price. To learn how to buy Bitcoin / BTC, scroll down to see how to buy Bitcoin.

Created in 2009 by a pseudonymous person or group of individuals using the name Satoshi Nakamoto, Bitcoin, is a digital currency or cryptocurrency owned and controlled by its users. Unlike central currencies, which are usually controlled by governments and banks, Bitcoin users are the ones to control the currency. Now that you know how to buy Bitcoin and its history, here’s a few fun ways you can use it.

You may want to consider buying BTC if you would like to:

Introduce a high-value digital asset to your portfolio

Buy, sell and trade goods online securely

Make overseas transfers at a lower cost and without fiat currency fluctuations

Explore projects on the blockchain like e-commerce, gaming and NFT marketplaces

Bitcoin (BTC)

All prices are in USD.

How to buy Bitcoin

BTC

Satoshi Nakamoto invented Bitcoin in 2009. He based the concept on another invention - the blockchain, which is a distributed digital record. As the world’s first and most popular cryptocurrency, Bitcoin is practically the face of the industry. It's also the most valued cryptocurrency. Bitcoin is governed by the collective authority of its users. Peer-to-peer transactions are made using a decentralised infrastructure, and value is stored without the involvement of any government, enterprise, or financial institution. Besides being controlled by a network of decentralised computers and providing an alternative to centrally controlled fiat money, Bitcoin also allows you to efficiently transfer funds over the internet. You can buy and sell BTC for any major cryptocurrency – like ETH and XRP – or traditional currency such as Canadian Dollar, US Dollar, and Euro. Trading cryptocurrencies is like foreign exchange of traditional currencies – you trade BTC for ETH the same way you trade CAD for USD. You can also trade BTC to CAD based on the BTC price. To learn how to buy Bitcoin / BTC, scroll down to see how to buy Bitcoin.

Here’s how to buy Bitcoin on Quick Trade

Buying Bitcoin is just like foreign exchange of traditional currencies like the Canadian Dollar, US Dollar, or Euro. You trade coins that you have – either a cryptocurrency or a dollar – for Bitcoin, which trades as BTC. Based on when you think you can get a good BTC price, you should be able to trade BTC to CAD.

To buy Bitcoin, simply follow these steps:

1

Sign up for a Quick Trade account and verify your identity

This is the first step to buying BTC. Verifying your identity helps us to properly connect your funds to your account.

2

Fund your account with Canadian Dollars

Funding is like putting gas into a car – it helps you get where you want to go.

3

After funding, select BTC from the list on the trade section

Quick Trade lets you trade BTC without leaving the app. You can also check the Bitcoin stock price and convert BTC to CAD on the platform.

4

Select a currency you’ve funded and use it to check the BTC price

In the Quick Trade app, all currencies available to trade can be found in the drop down list.

5

Buy BTC

Congratulations! You’re now the proud owner of BTC. You can either HODL or use it to exchange BTC to CAD. To the moon!

Created in 2009 by a pseudonymous person or group of individuals using the name Satoshi Nakamoto, Bitcoin, is a digital currency or cryptocurrency owned and controlled by its users. Unlike central currencies, which are usually controlled by governments and banks, Bitcoin users are the ones to control the currency. Now that you know how to buy Bitcoin and its history, here’s a few fun ways you can use it.

You may want to consider buying BTC if you would like to:

Introduce a high-value digital asset to your portfolio

Buy, sell and trade goods online securely

Make overseas transfers at a lower cost and without fiat currency fluctuations

Explore projects on the blockchain like e-commerce, gaming and NFT marketplaces

Where do I keep my BTC?

At Coinsquare, we offer customers the power of easy transactions and cold storage security. We’re constantly organizing funds to ensure our customers trade instantly and securely. There are different storage options available for your cryptocurrency, your choice should ultimately be the one that suits your needs. Mobile and web wallets can make transactions easy as the currencies are accessible directly from your phone or device, whereas hardware wallets are best suited for secure, long-term storage as they eliminate the vulnerability found in online environments.

Ready to add BTC to your portfolio?

Create your account, fund it with spare change and get a little bit of BTC.

Sign Up & Buy BTC

Prices and percentage changes are for information purposes only and in no way reflect Coinsquare Ltd.’s speculation of market direction. Past performance is not an indicator of future performance. Please find our Risk Disclosure statement here.

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