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How to buy BitShares (BTS) in Canada

Learn how to buy BitShares (BTS) on 4+ crypto exchanges in our step-by-step guide.

BitShares (BTS) is the 635th largest cryptocurrency by market cap, valued at US$23,458,640.

BitShares is a highly volatile asset capable of major price swings in a single day. Today BTS is trading for $0.00865388 USD, which is higher than yesterday's trading price of $0.0085881804 USD. Over the past year, BitShares's price has seen a decrease of -32%.

So before you buy BitShares, make sure you understand these unique risks as well as its legal and tax status here in Canada.

If you're ready to get started, read on for step-by-step instructions on how you can buy BitShares.

How to buy BitShares in 4 steps

The whole process can take as little as 15 minutes and all you'll need is a smartphone or computer, an internet connection, photo identification and a means of payment.

  1. Compare crypto exchanges
    The easiest way to buy BitShares is from a cryptocurrency exchange. Comparing in the table below lets you find one with the features you want such as low fees, ease of use or 24-hour customer support.
  2. Create an account
    To create an account on an exchange, you will need to verify your email address and identity. Have some photo ID and your phone ready.
  3. Make a deposit
    Once verified, you can deposit CAD using the payment method that best suits you – cryptocurrency, bank and card payments are widely accepted.
  4. Buy BitShares
    You can now exchange your funds for BitShares. On easier-to-use exchanges, this is as simple as entering the amount you want to purchase and clicking buy. If you like, you can now withdraw your BitShares to your personal wallet.
Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

Where to buy BitShares in Canada

Find an exchange to buy, sell and trade BTS by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the exchange.

1 - 1 of 1
Name Product Deposit methods Fiat Currencies Cryptocurrencies Offer Disclaimer
Bittrex Global
Bittrex Global
Bank transfer, Credit card, Cryptocurrency, Debit card
USD, EUR

349
cryptocurrencies

Go to site
View details
Disclaimer: Star ratings are only displayed for products with 10 or more reviews.
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How we keep this BitShares guide up-to-date

  • BTS price data is regularly updated through data feeds so you always have the latest information.
  • BitShares performance data is regularly updated using automated comparisons and AI systems built by our technical experts Zak Killermann and Helen Hu.

How do I find the best places to buy BitShares?

Cryptocurrency exchanges offer similar services, but differ in a few key ways – mainly fees, the range of cryptos available and payment methods. You can use our table to compare the features of popular cryptocurrency exchanges available in Canada to help you choose the one that's right for you.

Some other factors you may want to consider are customer support, user reviews, ease of use and whether or not the exchange is registered with a local regulator. This information can be found by clicking on the exchange name in the table which will take you to its review page.

What will I need to buy BitShares?

To create an account on any cryptocurrency exchange you will need an email address. Some exchanges may also ask for a phone number and photo ID, so it's a good idea to have those ready.

An increasing number of cryptocurrency exchanges will ask to verify your identity before you can deposit funds and start trading BitShares.

  • This process is known as Know Your Customer (KYC) and usually requires photo ID and a webcam or smartphone. You may also need to prove your address by uploading a copy of a recent bank statement or utility bill.
  • Some exchanges allow you to deposit and trade cryptocurrencies without passing KYC, but they will not allow you to transfer local currency from your bank account. So if you are planning on purchasing BTS with your local currency then you will need to pass KYC.
  • Once you have verified your identity, it is a good idea to enable 2-factor authentication (2FA) before depositing any funds. This will increase the security of your account and help keep your funds safe.

What are the best ways to buy BitShares?

Once you've created an account, you will need to deposit funds to buy BTS with. You can either deposit local currency from a bank account or credit card, or transfer cryptocurrency from another exchange or wallet. Here are some popular ways to buy BTS:

  • Bank account: Transfers from local bank accounts are usually free, but you will need to double-check this with the exchange you choose – this information can be found in our table by clicking on 'view details'.
  • Credit or debit card: Linking a card to your account is another convenient way to top up your account, but be aware that it usually attracts an additional fee. An advantage, though, is that you can use a card to make instant purchases or set up a recurring purchase.
  • Cryptocurrency: You can usually purchase BTS by trading it for another cryptocurrency like Bitcoin or a stablecoin. This varies between exchanges though, so you will need to search for BTS on the spot market to see what cryptocurrencies it can be traded for.

What is the easiest way to buy BitShares?

The easiest way to buy BTS is by placing an 'instant buy' order to purchase it for a fixed price but not all crypto exchanges offer this feature.

Alternatively, you can open a trade on the spot market which allows you to set your own price – this is the most common way to purchase cryptocurrency. Using the instant buy feature is straightforward but typically more expensive than using the spot market.

Before buying BTS, you may want to check the market conditions. To help you decide if now is the right time to buy, you can take a look at our all-time high tool to get an idea of how the price of BitShares has been performing recently.

Best BitShares wallets to store your BTS

You can keep your BTS on the exchange you purchased it on, or move it to a personal wallet:

  • Some people like to use their own wallets to guarantee total ownership over their assets, or to use them with other applications like DeFi services.
  • Hardware wallets are typically considered to be the safest type of cryptocurrency wallet, as they use a physical device to enhance security in a number of ways. You can take a look at some of our top hardware wallet picks for self-custody of your BTS below.

Ledger Nano X Wallet

Trezor Model T Wallet

Go to site
Go to site

Supported assets

5,500+

Supported assets

1,317+

Price (USD)

$149

Price (USD)

$186

Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

Is BitShares a good investment?

Cryptocurrencies are complicated, volatile and highly speculative, so you’ll need to be fully aware of all the risks involved before buying or holding any cryptocurrency. If you’re thinking of buying BTS, consider the following factors:

  • Use-case. BTS is the native token of the BitShares blockchain. It has a number of uses, such as paying transactions and fees on the BitShares exchange, acting as collateral to create pegged assets, paying community developers and staking.
  • Foundation. The BitShares Blockchain Foundation is a non-profit organisation registered in the Netherlands. Founded in 2016, its mission is to promote and grow the BitShares ecosystem.
  • Competition. Decentralised finance is a sector that has been heating up ever since the dawn of the decade. As the number of decentralised exchanges on the market grows, competition for space in the industry is becoming tighter. BitShares has to contend with players like UniSwap, Pancakeswap and Binance DEX for customers.

Today's BitShares price versus ATH

Compare today's price of BitShares ($0.00865388 USD) against its all-time-high price of $0.923921 USD on 03 January 2018. The closer the bar is to 100%, the closer BTS is to reaching its ATH again.

BitShares's price: $0.00865388
ATH date: January 03, 2018
0.94%

BitShares ATH: $0.923921


How to trade, convert or sell BitShares

You can convert or sell your BTS with the same exchange you bought it through:
  1. Sign in to the exchange you have BTS on.
  2. If you store your BitShares in a digital wallet, compare crypto exchanges to convert or sell it on.
  3. Choose Sell or Convert and place a sell order.
  4. Choose the amount of BTS you'd like to convert or sell.
  5. Confirm the sell price and fees and close your sale of BitShares.
  6. Complete your transaction and move your BTS to a wallet for storage.
  1. Bitcoinist
  2. Data by CoinGecko

Disclaimer: Cryptocurrencies, including BitShares, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of BTS is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the BitShares or any other cryptocurrency discussed.

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