{"id":744189,"date":"2018-08-06T03:37:52","date_gmt":"2018-08-06T07:37:52","guid":{"rendered":"https:\/\/www.finder.com\/ca\/?p=744189"},"modified":"2023-09-29T09:07:28","modified_gmt":"2023-09-29T13:07:28","slug":"mybtcca-exchange-review","status":"publish","type":"post","link":"https:\/\/www.finder.com\/ca\/cryptocurrency\/exchanges\/mybtcca-exchange-review","title":{"rendered":"MyBTC.ca exchange review"},"content":{"rendered":"<h3><b>What is MyBTC.ca?<\/b><\/h3><p>Created and run in Canada, MyBTC.ca was developed with the aim of allowing Canadians to buy bitcoin in a matter of seconds.<\/p><p>Buying bitcoin from MyBTC.ca is relatively simple:<\/p><ol><li style=\"font-weight: 400;\">Navigate to the \u201chome\u201d or \u201cBuy Bitcoin\u201d page.<\/li><li style=\"font-weight: 400;\">Enter the amount of bitcoin you\u2019d like to buy or the amount of CAD that you\u2019d like to spend.<\/li><li style=\"font-weight: 400;\">Enter your bitcoin wallet address.<\/li><li style=\"font-weight: 400;\">Enter your cell phone number and press \u201cTEXT ME\u201d to receive an SMS verification.<\/li><li style=\"font-weight: 400;\">Enter the SMS code.<\/li><li style=\"font-weight: 400;\">Create an account by entering your personal information and confirm your email address.<\/li><li style=\"font-weight: 400;\">Verify your identity.<\/li><li style=\"font-weight: 400;\">Buy your bitcoin and receive it directly into your wallet.<\/li><\/ol><h3><b>Which cryptocurrencies can I buy?<\/b><\/h3><p>You can use MyBTC.ca to buy the following cryptocurrencies:<\/p><ul class=\"list-1\"><li style=\"font-weight: 400;\">Bitcoin (BTC)<\/li><\/ul><h3><b>Available countries<\/b><\/h3><p>If you want to create an account with MyBTC.ca, you\u2019ll need to be at least 18 years old and be a resident in Canada.<\/p><h3><b>Which payment methods are accepted?<\/b><\/h3><p>MyBTC.ca accepts Canadian dollars. You can buy bitcoin with CAD in several ways:<\/p><ul class=\"list-10\"><li style=\"font-weight: 400;\">Interac e-Transfer<\/li><li>Credit or debit card<\/li><li>Bank wire<\/li><li>Flexepin voucher<\/li><li>Cash or debit at Canada Post<\/li><\/ul><p>You should be aware that not all payment methods are supported by every Canadian bank or financial institution. You can find out more in the table below:<\/p><table class=\"luna-table luna-table--responsiveList\"><thead class=\"luna-table__header\"><tr><th><b>Payment method<\/b><\/th><th><b>Supported by<\/b><\/th><\/tr><\/thead><tbody class=\"luna-table__body\"><tr><td>Interac e-Transfer<\/td><td>All Canadian banks<\/td><\/tr><tr><td>Credit or debit card<\/td><td>Some Canadian banks<\/td><\/tr><tr><td>Wire transfer<\/td><td>All Canadian banks<\/td><\/tr><tr><td>Flexepin Voucher<\/td><td>Purchase online or via specific retailers<\/td><\/tr><tr><td>Cash or debit at Canada Post<\/td><td>Canada Post<\/td><\/tr><\/tbody><\/table><h3><b>How much will it cost me to use MyBTC.ca?<\/b><\/h3><p>The cost of your transaction will depend on the method of payment you use. You can see the fees charged by MyBTC.ca in the table below:<\/p><table class=\"luna-table luna-table--responsiveList\"><thead class=\"luna-table__header\"><tr><th><b>Payment method<\/b><\/th><th><b>Fee<\/b><\/th><\/tr><\/thead><tbody class=\"luna-table__body\"><tr><td>Interac e-Transfer<\/td><td>7.75%<\/td><\/tr><tr><td>Credit or Debit card<\/td><td>~9.75%<\/td><\/tr><tr><td>Bank Wire<\/td><td>4.75%<\/td><\/tr><tr><td>Flexepin Voucher<\/td><td>7.75%<\/td><\/tr><tr><td>Cash or Debit at Canada Post<\/td><td>7.75%<\/td><\/tr><\/tbody><\/table><h3><b>Is verification required?<\/b><\/h3><p>You will need to verify your identity one of two ways: Online by emailing MyBTC.ca or in-person at a Canada Post location.<\/p><p>To verify your identity online with MyBTC.ca, you will need to provide the following information:<\/p><ul class=\"list-1\"><li>Close up of valid Government issued photo ID.<\/li><li>Photo of yourself holding your ID with a sign reading &#8220;MyBTC.ca ID Verification for Bitcoin Purchase&#8221; and the current date.<\/li><li>Original copy of a utility, phone or Internet bill showing your address.<\/li><li>Original copy of a loan, credit card statement or bank statement.<\/li><\/ul><p>You will need to present the following information to the Canada Post agent in-person:<\/p><ul class=\"list-1\"><li>Your valid Government issued photo ID<\/li><li>Your MyBTC.ca profile information<\/li><li>The unique barcode sent to your home address<\/li><\/ul><h3><b>How quickly will my bitcoin be available?<\/b><\/h3><p>The speed at which your bitcoin is available will depend on the method of payment you choose. You can find out more in the table below:<\/p><table class=\"luna-table luna-table--responsiveList\"><thead class=\"luna-table__header\"><tr><th><b>Payment method<\/b><\/th><th><b>Bitcoin available?<\/b><\/th><\/tr><\/thead><tbody class=\"luna-table__body\"><tr><td>Interac e-Transfer<\/td><td>Same day speedy funding<\/td><\/tr><tr><td>Wire transfer<\/td><td>12-hour funding<\/td><\/tr><tr><td>Flexepin Voucher<\/td><td>Instant buy*<\/td><\/tr><\/tbody><\/table><p>*Note that there will be a delay the first time you pay for your bitcoin using these methods. This is necessary in order to confirm these payment methods as legitimate.<\/p><h3><b>Are there any buying limits?<\/b><\/h3><p>MyBTC.ca imposes limits on the amount of cryptocurrency you can purchase, but these limits vary depending on the payment method you use. These limits can be found in the table below:<\/p><table class=\"luna-table luna-table--responsiveList\"><thead class=\"luna-table__header\"><tr><th><b>Payment method<\/b><\/th><th><b>Minimum<\/b><\/th><th><b>Daily max<\/b><\/th><th><b>Monthly max<\/b><\/th><\/tr><tr><td>Interac e-Transfer<\/td><td>$100<\/td><td>$10,000<\/td><td>$150,000<\/td><\/tr><tr><td>Bank Wire<\/td><td>$7,500<\/td><td>$100,000<\/td><td>$500,000<\/td><\/tr><tr><td>Flexepin<\/td><td>$50<\/td><td>$2,500<\/td><td>$75,000<\/td><\/tr><tr><td>Cash or Debit<\/td><td>$50<\/td><td>$2,500<\/td><td>$75,000<\/td><\/tr><\/thead><\/table><h3><b>Is it safe to use MyBTC.ca?<\/b><\/h3><p>According to its website, MyBTC.ca runs on hardware stored on one of the most secure cloud providers. All communications are additionally encrypted with SSL. Your banking or credit card information is never stored on MyBTC.ca.<\/p><p>It\u2019s also worth pointing out that your bitcoin is stored in your own bitcoin wallet off the site, which means it is not stored on MyBTC.ca. You should additionally consider the safety and security of the bitcoin wallet you choose to store your bitcoin in.<\/p><p>Before you can buy bitcoin through MyBTC.ca, you\u2019ll need to verify your identity one of two ways. One way is to visit a Canada Post location in-person and verify your identity through their system known as <span>Digital Proof of Identity. You must present the <\/span><span>Canada Post agent with your valid Government issued photo ID, as well as a document containing your profile information and a unique barcode that MyBTC.ca mail to your home address. The second way is to email MyBTC.ca with the required information in order to become a verified member. <\/span><\/p><h3><b>Customer support<\/b><\/h3><p>If you have a problem with a transaction or a question about your MyBTC.ca account, you can check the range of FAQs answered on the company\u2019s website. If you need further assistance, you can contact the company by:<\/p><ul class=\"list-10\"><li style=\"font-weight: 400;\">Using the contact form on the website<\/li><li style=\"font-weight: 400;\">Sending an email to <a href=\"mailto:help@mybtc.ca\" target=\"_blank\" rel=\"noopener noreferrer\">help@mybtc.ca<\/a><\/li><li style=\"font-weight: 400;\">Using the live chat feature on Facebook<\/li><li style=\"font-weight: 400;\">Reaching out via Twitter<\/li><\/ul><h3><b>Next steps<\/b><\/h3><p>If you\u2019ve researched and compared a variety of options and decided that you\u2019d like to buy bitcoin using MyBTC.ca, click on one of the \u201cGo to site\u201d links on this page. You\u2019ll then be securely redirected to the MyBTC.ca website where you can begin buying bitcoin. You\u2019ll need to provide your email address, phone number and create an account to get started, as well as verify your identity in order to begin buying.<\/p><h3><b>Frequently asked questions<\/b><\/h3><ul class=\"luna-accordionGroup accordionGroup\"><li class=\"luna-accordion\" data-accordion=\"accordion\">\n  <div class=\"luna-accordion__summary\">\n    <h4 class=\"luna-accordion__heading\">\n      <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"accordion0000000000\" data-toggle=\"collapse\" data-target=\"#accordion0000000000\">\n        <span class=\"luna-accordion__title\">Can I trade or sell bitcoin on MyBTC.ca?<\/span>\n        <svg class=\"luna-icon\" aria-hidden=\"true\">\n          <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n          <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n        <\/svg>\n      <\/button>\n    <\/h4>\n  <\/div>\n  <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"accordion0000000000\" data-accordion=\"details\">\n    <div class=\"accordionContent\"> No, these services are not available. MyBTC.ca only allows you to buy bitcoin.<\/div>\n  <\/div>\n<\/li><li class=\"luna-accordion\" data-accordion=\"accordion\">\n  <div class=\"luna-accordion__summary\">\n    <h4 class=\"luna-accordion__heading\">\n      <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"accordion0000000001\" data-toggle=\"collapse\" data-target=\"#accordion0000000001\">\n        <span class=\"luna-accordion__title\">What is a Flexepin Voucher?<\/span>\n        <svg class=\"luna-icon\" aria-hidden=\"true\">\n          <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n          <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n        <\/svg>\n      <\/button>\n    <\/h4>\n  <\/div>\n  <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"accordion0000000001\" data-accordion=\"details\">\n    <div class=\"accordionContent\"> A Flexepin Voucher is a prepaid card that you purchase online or at select retail locations. This can then be widely used to buy bitcoin. Flexepin Vouchers can be purchased online or from select Canadian Tire gas stations across the country.<\/div>\n  <\/div>\n<\/li><li class=\"luna-accordion\" data-accordion=\"accordion\">\n  <div class=\"luna-accordion__summary\">\n    <h4 class=\"luna-accordion__heading\">\n      <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"accordion0000000002\" data-toggle=\"collapse\" data-target=\"#accordion0000000002\">\n        <span class=\"luna-accordion__title\">Does MyBTC.ca provide a bitcoin wallet?<\/span>\n        <svg class=\"luna-icon\" aria-hidden=\"true\">\n          <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n          <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n        <\/svg>\n      <\/button>\n    <\/h4>\n  <\/div>\n  <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"accordion0000000002\" data-accordion=\"details\">\n    <div class=\"accordionContent\"> No, MyBTC.ca does not. You will need to have a bitcoin wallet set up before you buy bitcoin using the service.<\/div>\n  <\/div>\n<\/li><\/ul>","protected":false},"excerpt":{"rendered":"<p>Your guide to Canadian-based bitcoin buying service MyBTC.ca, including its fees and features and any other pros and cons new users should be aware of.<\/p>\n","protected":false},"author":452,"featured_media":744195,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"apple_news_api_created_at":"","apple_news_api_id":"","apple_news_api_modified_at":"","apple_news_api_revision":"","apple_news_api_share_url":"","apple_news_cover_media_provider":"image","apple_news_coverimage":0,"apple_news_coverimage_caption":"","apple_news_cover_video_id":0,"apple_news_cover_video_url":"","apple_news_cover_embedwebvideo_url":"","apple_news_is_hidden":"","apple_news_is_paid":"","apple_news_is_preview":"","apple_news_is_sponsored":"","apple_news_maturity_rating":"","apple_news_metadata":"\"\"","apple_news_pullquote":"","apple_news_pullquote_position":"","apple_news_slug":"","apple_news_sections":[],"apple_news_suppress_video_url":false,"apple_news_use_image_component":false,"footnotes":""},"categories":[5337],"tags":[],"asset_tag":[],"class_list":["post-744189","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-exchanges"],"apple_news_notices":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.9 (Yoast SEO v24.9) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>MyBTCA.ca cryptocurrency exchange review | Finder Canada<\/title>\n<meta name=\"description\" content=\"If you\u2019re looking for a Canada-based exchange which accepts CAD and provides local support, check out our review of myBTC.ca. 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