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Buy Bitcoin in Canada: How to Buy Cryptocurrency with BitBuy Exchange in 2021 (For Canadians!) - YouTube

Channel: Crypto Casey

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Hello! I'm Cryptocasey. In this video, we will be looking at how to buy cryptocurrency if you live

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in Canada using Bitbuy. A Canadian Cryptocurrency Exchange. Bitbuy has been a premiere Canadian

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Crypto Exchange since 2013. Making it easy for people who live in Canada to buy, sell,

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deposit, withdraw, and manage large amounts of funds. In the first part of this video,

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we will be going over the 7 features that make bitbuy a superior choice for people that live

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in Canada. In the 2nd part of this video, we will walk through setting up a Bitbuy account

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and buying, selling, depositing and withdrawing cryptocurrency step-by-step. Feel free to use the

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time stamp table of contents in the description area below to hop around this video. Let's go

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over the 7 features that make Bitbuy Canada's modern exchange. Number 1, Canadian Centric,

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Bitbuy is a great option for Canadians as they are both based and regulated in Canada. So they focus

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specifically on servicing their Canadian market. Many exchanges service several different countries

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and do not have Canadians as their top priority. Currently, exchanges like Coinbase do not have

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Canadian customers as their top priority since their main market is the United States. As of now,

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Canadians are unable to take out Canadian funds on the Coinbase Platform. Number 2,

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Top-rated customer support. Bitbuy has top-rated customer service support. Often responding to any

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inquiries on the same day they receive them. The team at Bitbuy is customer-driven and has a toll

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free number you can call anytime to speak with a customer service agent. Number 3, Prioritizes

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security. Bitbuy adheres to the 95% cold storage policy meaning 95% of the cryptocurrency is

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stored safely offline to limit the amount of cryptocurrency available to any hackers that try

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to breach the system. They also have two-factor authentication enabled on all transactions for

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increase security when users manage their crypto on the exchange. Number 4, Fast Transaction Times.

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When you sign up for Bitbuy, your account is instantly verified. This means that you can

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fund your account on the same day withdraw, buy, and sell cryptocurrency fast. Most cryptocurrency

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exchanges have a long verification and funding process that can take days and sometimes weeks.

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With Bitbuy, you don't have to wait to buy digital currency. Number 5, Compliant and

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Transparent. Bitbuy is a registered money based services business by Fintrac. An entity of the

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federal government of Canada. Making it both compliant and transparent. Number 6, Available

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Cryptocurrencies. At the time of this video, Bitbuy supports 6 different cryptocurrencies

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you can deposit and withdraw quickly and easily. They support Bitcoin, Etherium, Bitcoin Cash,

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Litecoin, XRP, and Stellar. NUmber 7, No hidden fees. Bitbuy features and easy to understand fee

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structure with transparent transaction summaries. Sounds pretty good right? So in this next section,

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let's set up a Bitbuy account and check out the platform together. First, It's important to take

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the necessary steps to set up your own personal bank before buying cryptocurrency. If you have it

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already, watch my video about what you need to do before buying digital assets by clicking on this

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link. Watch it and then come back to this video to set up and fund your Bitbuy account. Let's

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get started. Scroll down to the description are below and click on the Bitbuy link to ensure you

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access the correct site safely. Then make sure you bookmark this page and access it only through your

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bookmark to avoid becoming a victim of phishing sites. Enter the Protonmail account we set up

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together on my video about what you should do before investing in cryptocurrency. If you don't

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have a Protonmail account yet, you can check them up by clicking on the link in the description area

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below. Next, Enter a long, Strong Password and confirm it. A referral code will automatically

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fill in. Click to verify you're not a robot and then click sign up. Login to your Protonmail

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account, open the email, and click verify my email. Awesome! Your email address has been

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verified. You can click here to sign in. Enter your email, password, click to verify I'm not a

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robot, and click sign in. Enter your phone number to secure your account when making transactions

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and then click Add Phone number. A text will be sent to your phone with a verification code.

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Enter the code here and click sign in. Before you can buy and sell cryptocurrencies on Bitbuy,

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You'll need to verify your identity. Enter your name, Date of Birth, and Phone number. Entering

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your social insurance number is optional. Choose your occupation from the drop-down menu, and then

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scroll down to enter your address. Below that you will need to disclose if you are a politically

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exposed person or the head of an international organization and then consent to an electronic

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verification of your identity. Next, click request verification. Note that instant verification may

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take up to 2 minutes. If you're verified, Great! If your identity was unable to be verified

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automatically, you will need to submit some documents. This includes the photo of your ID,

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a Selfie with your ID, and a note, and a financial statement, and a utility bill. When these items

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have been uploaded, you can click request verification. You will receive an email when your

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account has been verified. In the email, click on my account button to log in. Enter your login

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credentials, confirm you're not a robot, and click sign in. You will receive a text message with the

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verification code on your cellphone. Enter your code in the space provided and click sign in.

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Once logged in, you may receive a notification. Review it and click, Got it. On the main screen,

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you will see a list of all the list of all the cryptocurrencies currently supported by

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Bitbuy at the time of this video. At the top, you will see a notification stating to get started,

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add cash to your cash balance in order to buy digital currencies. So let's click on the add

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funds button. You will see three payment methods. Express E-transfer, Interac E-transfer, and Bank

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Wire. Let's check out the Express E-transfer option. The transfer amount for this option

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must be between $500 and $10,000 dollars. If you click on the information here, it will be copied

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to your clipboard so you can easily paste it into your online banking e-transfer form. Once you've

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completed the E-transfer, with your bank, click I have sent an E-transfer. Confirm the amount you

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sent button to be deposited to your Bitbuy account then click next. A code will be sent to your

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phone. Enter into the space provided and click add funds. Awesome! Your funds should be added to your

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cash balance within two hours which is quite fast. Let's return to your accounts. Click on the add

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funds button and check out the interac E-transfer option. The transfer amount for this option must

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be between $100 and $10,000 dollars. Read through the other requirements and when you're ready,

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you can click on the information below to copy into your clipboard and paste it into

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your online e-transfer form. Once you've completed the E-transfer, with your bank, click I have sent

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an E-transfer button. Confirm the amount you sent to be deposited to your Bitbuy account then click

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next. Enter the code sent to your phone into the space provided and click add funds. Cool!

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Your funds should be added to your cash balance within 24 hours. Click return to accounts and

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click add funds. And let's check out the Bank Wire option. The transfer amount for this option must

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be between $10,000 and $500,000 dollars. Enter the name of your financial institution and the

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amount you wish to transfer. Review the summary and click next. Enter the code sent to your phone

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into the space provided and click add funds. Nice! The Bitbuy team will contact you with

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your appropriate banking information. Click return to accounts. By clicking on the three dots here,

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you can access the withdraw function to transfer your available cash balance back into your bank

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account at any time. For the payment method, you can choose Interac E-transfer, Electronic Bank

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Transfer, Bank Wire, or Expedited bank Transfer. Enter your bank name and simply click next to

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proceed. Another way you can fund your account is by depositing any Bitcoin or other supported

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cryptocurrency into the corresponding wallet on the Bitbuy exchange. Before funding your account,

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Let's go to your account settings. In the Security Section, you will see Two Factor Authentication

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for sms is on. If you followed the steps on my previous videos about what you should do before

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buying cryptocurrency, You will have the google authenticator app setup on your phone. So let's

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turn on Google Authenticator. Open the google Authenticator app on your phone and tap scan

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barcode. Lift your phone as if you're taking a picture of the QR Code on your computer screen.

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You will see a six-digit code that changes every 30 seconds or so. Enter that code in

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to the space provided before the time expires and code changes. Then click validate code. Awesome!

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Google Authenticator is on for your two-factor Authentication. In the security section,

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you can also change your password and view an audit log of your account's transactions and

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security history. Below the security section, you will see your referral code and a referral link.

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You can send this referral link or code to friends and family to receive $20 after they sign up for

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Bitbuy and make their first transaction. Below that, you will see some basic account details

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and your contact information. at the bottom, you will see a financial regulation section and

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your account status. Here you can choose the deactivate your account if you ever need to.

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Scroll to the top and click close to navigate back to the main menu. If you look at the top menu,

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you will see that you're in the express trade screen. Here you can quickly and easily buy

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and sell cryptocurrency with FIAT for the market price. Back on the top menu, let's check out the

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Pro Trade Option. This is a more advanced trading platform where you can trade some crypto to crypto

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pairs like trading Bitcoin for Etherium and you can also place winning orders as well as market

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orders. Let's go back to the Main screen and deposit some Bitcoin into our bitcoin wallet.

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Click on the three dots next to Bitcoin and click deposit. You will see your wallet address. You

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can copy the wallet address or you can use your mobile device or similar to scan the address to

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send the Bitcoin. Once you're finished with the wallet address, you can track its progress in the

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deposit section of your history page. Click Done, and after a few minutes or so your deposits should

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clear. Awesome! our deposit is ready to go. Note that by clicking on the three dots you can deposit

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more Bitcoin here or you can withdraw Bitcoin. Let's try out the buying and selling functions

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Bitbuy has to offer. We are going to sell our Bitcoin for canadian dollars. Click the sell

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button next to Bitcoin. You will be brought to a screen asking how much you'd like to sell. You can

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enter any amount of bitcoin or you can click on the use available amount to sell all of it. You

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will see the selling price calculate. Make sure everything looks good then click sell Bitcoin.

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Enter your Google Authenticator Verification code and the sale should automatically complete. Nice!

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Let's click return to accounts. You can see the amount of Canadian Dollars available at the

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top. Let's test out the Buy feature and by some Stelllar. Click Buy next to Stellar. Enter the

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amount of Canadian Dollar you would like to use or you can click use available funds. Review the

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transaction summary and when you're ready, click purchase Stellar. Enter your Google Authenticator

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verification code and the purchase should automatically complete. Awesome! Let's click

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view my stellar account. You will see its market activity as well as your balance and some options

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to deposit, withdraw, Buy or sell Stellar. Below that you will see the Stellar transaction history.

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Click close on the top right corner.Next I'm going to quickly sell some Stellar for Canadian Dollar

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so we can buy and sell some cryptocurrency using the Pro trade features. Done. On the main screen,

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Click on the Pro trade on the top menu. You'll be brought to a screen with many features. First,

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market history charts. to the buttom left, market trade history data. to the right of that, towards

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the center, and order book. on the top left, if you tap on the BTC to CAD a drop down menu will

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appear. featuring all the pairs you can exchange using the pro trade feature. Like ETH to BTC,

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LTC to BTC, and much more. so let's buy and sell some cryptocurrency. Let's trade a Etherium and

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Canadian dollars by clicking on the ETH-CAD Pair. The data on the market trade history, market

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history charts, and order, will change to show the most recent data for Etherium and Canadian Dollar

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trades. In the top-left corner, you will see the new order section that allows you to place limit

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orders or market orders. You can use the options in the order button to place limit orders. On the

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amount fields, you can enter the amount of crypto or FIAT or you can choose a percentage of what's

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availabel in your wallet here. To place a limit order, choose the amount you wish to trade. Then

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make a selection from the order book. as you click to the order book, the data will change

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accordingly in the order section. The top section shows asking prices while the bottom section shows

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Bids. You can set an ask or a bid then when you're ready, you can click buy or sell to

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place your limit order. Nice, Next let's play some market order and buy at the market price.

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Click market in the top left part of the screen in the new order section enter the amount you wish to

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exchange then simply click buy. Awesome! You can see your market order in the bottom right corner

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here. Under the My order section, in the bottom right corner, you will see all of your transaction

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history. Using the filters here, you can click between the order types like open orders, field

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orders etc. In the market history section, you can use the chart features to help you decide when to

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buy and sell. You can choose between a wide range of any caters here, you can also choose between

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different kinds of charts also you can choose the time range. Cool! Let's go back to the main screen

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by clicking on express trade on the top right corner. Then, let's click on wallets. Listed

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here are all the cryptocurrency wallets that will hold the funds you'll keep on the exchange. here

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you can deposit funds to the exchange or withdraw funds to another crypto currency wallet. Back on

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the main screen you can also deposit or withdraw by clicking on the three dots like we did earlier

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in this video. It's not a great Idea to leave your funds on the exchanges because they are constantly

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under attack by hackers. So you need to withdraw your funds to a cryptocurrency hardware wallet for

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safe keeping. If you don't have one yet, scroll down to the description area below and click on

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one of the links for recommended wallets to ensure you access the correct site safely.

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Never buy a used crypto currency wallet and never buy one from a site not listed below to make sure

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you get an official certified device and not a hacked one. So let's withdraw the Etherium on

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the exchange to an Etherium Wallet on a hardware device by clicking withdraw. Here you can choose

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an amount to withdraw or click use available amount to withdraw everything. copy and paste

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your hardware device's Etherium public address in this field. Then click calculate fees. review the

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transaction summary for accuracy, then click next. And finaly enter the code you'll recieve on google

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authenticator. Great! your Etherium is on the way to your hardware wallet for safe storage. You can

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click return to accounts to go back to the main screen. Awesome! No funds are left on the exchange

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so you're good to go. Thank you for taking the time to watch my video. So for those of you living

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in Canada, What do you guys think about Bitbuy? Is it an exchange you would consider using? What

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exchanges do you use currently instead? Let me know in the comments below. Be safe Out there!

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