Before purchasing Bitcoin on 1Bitcoin.ca, you'll need a Bitcoin wallet and a valid Bitcoin receiving address.
1Bitcoin.ca operates as a non-custodial service, meaning the platform does not store your Bitcoin. Instead, you are responsible for providing an external Bitcoin wallet address where your purchased Bitcoin will be sent. This ensures you maintain full control over your funds.
Your receiving address is the destination where your Bitcoin purchases will be delivered.
Examples of external wallets include mobile wallet apps, hardware wallets, or desktop wallets.
đą Step 1: Open Your Bitcoin Wallet
Open your external Bitcoin wallet and tap:
Receive
or Receive Bitcoin
Most wallets will display a Bitcoin receiving address and a QR code.
đŹ Step 2: Copy Your Bitcoin Address
Your wallet will generate:
a Bitcoin receiving address
and usually a QR code
You can copy the address directly to your clipboard.
This address is where your Bitcoin will be sent.
đ Step 3: Verify the Address Carefully
Before adding it to your 1Bitcoin.ca account:
Double-check the first few characters.
Double-check the last few characters.
Make sure you're using the correct wallet.
â ď¸ Bitcoin transactions usually cannot be reversed once sent.
Ensure that the wallet address matches the correct blockchain network for the asset you are buying. For example, if you are purchasing Bitcoin, the wallet address must be a Bitcoin address. Using an incompatible address can result in the loss of funds.
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đ Step 4: Add It as Your Whitelisted Wallet
Log in to your 1Bitcoin.ca account and add your Bitcoin receiving address as your Whitelisted Wallet.
You'll receive a confirmation email to verify the address before it becomes active.
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â ď¸ Important Reminder
Only use a wallet that you own and control.
Double-check your address before confirming it.
Bitcoin sent to an incorrect address cannot be recovered.
Some wallets generate a new receiving address after each use for privacy. This is normal, and previously generated addresses generally remain associated with your wallet.
