How to buy cryptocurrency in Canada?

How to buy cryptocurrency in Canada?


Purchasing cryptocurrencies like Bitcoin (BTC), Dogecoin (DOGE) or Ether (ETH) in Canada is on an upsurge as crypto ownership rises. Moreover, the Ontario Securities Commission, in their report, stated that more than 30% of Canadians plan to buy crypto assets in 2023. 

So, if you are wondering how to buy Bitcoin or crypto in Canada, then read on and familiarize yourself with the details.

Is it legal to buy cryptocurrency in Canada?

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Cryptocurrency trading is legal in Canada even though it is not yet considered a legal tender. Canada Revenue Agency (CRA) specifies what virtual currencies are and provides information on all applicable taxes. One can choose to shop in cryptocurrency in Canada if retailers, coffee shops or e-commerce websites accept it.  

The CRA treats cryptocurrency like a

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