and how to buy in Canada
Netcoins is the easiest, most trusted way to buy Bitcoin in Canada.
Bitcoin is a digital currency that was created to offer a “peer-to-peer digital cash system” whereby two parties can transact directly without having to go through a financial institution. This means is that no single person or entity controls the Bitcoin network. This important trait of Bitcoin is called decentralization. Bitcoin shares some similarities with regular money in that it allows you to buy, sell and trade goods. But instead of existing in bills or coins, Bitcoin only exists virtually. Think of it as the online version of cash.
It does have some distinct differences from your conventional dollars like Euros, USD, and CAD though. Unlike traditional money that can be printed constantly, there is a limited supply of Bitcoin – 21 million to be exact, which helps to ensure true scarcity. Bitcoin is the oldest and most popular cryptocurrency.
Why buy Bitcoin?
Bitcoin gives control back to the people. In a traditional (centralized) money system, only the government and people of great power get to control the supply and worth of money.
The fact that it’s a new asset class is also exciting. You’ll find that a lot of people buy Bitcoin for investment purposes and as an alternative to hard assets like gold. If you had purchased Bitcoin at the time of it’s launch, your return of investment would have been over 6,000% in 2020.
Bitcoin is also great for online payments because of the low fees and its ability to go across borders quickly.
No single institution or person controls the bitcoin network, which helps to maintain its integrity. It is run by a distributed and open network of dedicated computers.
Bitcoin can be bought in fractions, the smallest unit being called a satoshi. It is one hundred millionth of a bitcoin (0.00000001). This allows for micro-transactions and allow investors to start small.
The number of new Bitcoins created every 10 minutes will decrease at every halving until the maximum of 21 million is reached. This is programmed in its algorithm.
Bitcoin transactions cannot be reversed, unlike electronic fiat transactions. This also means that transactions that have been recorded on the network cannot be tampered with or modified.
How much Bitcoin can I buy?
You don’t need to buy 1 entire Bitcoin to get started!
You can buy fractions of a Bitcoin. In fact, the smallest possible unit of BTC is called a satoshi (sats for short) and is equivalent to 0.00000001 BTC (8 decimal places). Many beginners start their Bitcoin journey by stacking sats.
You can start as small as $50, or invest up to $10 million with Netcoins.
0% Funding Fees
Enjoy free Interac e-Transfers, or fund via online bill payment, wire or a cryptocurrency deposit.
Trade Bitcoin easily and quickly with a click of a button. Get live prices and instant quotes.
Cash out your fiat with free Interac e-transfers or a wire, or securely withdraw your BTC to an external wallet.
How to buy Bitcoin on Netcoins
Just follow these simple steps:
Step 1: Sign up
Create an account or login by heading to netcoins.app.
Step 2: Get verified
Get verified in as little as 2 minutes. Most Canadians can get fully verified without having to upload any ID.
Step 3: Fund your account
Fund with fiat (Canadian dollars or USD) or cryptocurrency. Zero fees imposed by us for crypto deposits, Interac e-Transfers, online bill payments and wires.
Step 4: Buy Bitcoin (BTC)
Trade whenever and wherever you want.