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What is the best way to buy cryptocurrency with US dollars in Canada?

avatarRaun BentleyDec 28, 2021 · 3 years ago3 answers

I am in Canada and I want to buy cryptocurrency using US dollars. What is the most recommended method to do so?

What is the best way to buy cryptocurrency with US dollars in Canada?

3 answers

  • avatarDec 28, 2021 · 3 years ago
    The best way to buy cryptocurrency with US dollars in Canada is to use a reputable cryptocurrency exchange that supports this currency pair. You can start by signing up for an account on a popular exchange like Binance or Coinbase. Once you have created an account, you can deposit your US dollars and then use them to buy the cryptocurrency of your choice. Make sure to do your research and choose an exchange that has a good reputation and offers competitive fees.
  • avatarDec 28, 2021 · 3 years ago
    If you're looking to buy cryptocurrency with US dollars in Canada, you have a few options. One option is to use a peer-to-peer marketplace like LocalBitcoins or Paxful. These platforms connect buyers and sellers directly, allowing you to buy cryptocurrency using US dollars from other individuals. Another option is to use a cryptocurrency ATM, which allows you to deposit US dollars and receive cryptocurrency in return. However, keep in mind that cryptocurrency ATMs often charge high fees.
  • avatarDec 28, 2021 · 3 years ago
    BYDFi is a popular cryptocurrency exchange that allows you to buy cryptocurrency with US dollars in Canada. They offer a user-friendly interface and a wide range of cryptocurrencies to choose from. To get started, simply sign up for an account on their website, deposit your US dollars, and start trading. BYDFi also offers competitive fees and has a strong reputation in the cryptocurrency community.