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How 1Bitcoin.ca Works

Last Updated May 20, 2026

1Bitcoin.ca allows Canadians to buy and sell Bitcoin using simple payment methods such as Interac e-Transfer.

The process is designed to be beginner-friendly and can usually be completed in a few steps.


πŸ“ Step 1: Create Your Account

To get started:

  • create an account

  • complete identity verification if required

  • confirm your account information

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πŸ’³ Step 2: Fund Your Account

Most users fund purchases using:

  • Interac e-Transfer

  • supported banking methods

Before sending a payment:

  • double-check payment details

  • include the correct reference code if provided

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β‚Ώ Step 3: Buy Bitcoin

Once payment is received and processed:

  • your Bitcoin purchase is completed

  • Bitcoin can be sent to your wallet

Processing times may vary depending on:

  • bank processing

  • verification status

  • blockchain confirmations

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πŸ‘› Step 4: Receive Bitcoin to Your Wallet

You can receive Bitcoin using:

  • a mobile wallet

  • a hardware wallet

  • another supported Bitcoin wallet

Always verify wallet addresses carefully before sending or receiving Bitcoin.

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πŸ”’ Step 5: Stay Safe

Before sending Bitcoin:

  • verify wallet addresses carefully

  • avoid scams and impersonators

  • never share your seed phrase

  • send a small test transaction first when possible

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