Buy Bitcoin in Canada with Interac e-Transfer (2025)
How to Buy Bitcoin in Canada with Interac e-Transfer (2025 Guide)
Want to buy Bitcoin in Canada quickly and safely? Interac e-Transfer is the fastest and most popular way for Canadians to purchase cryptocurrency. In this step-by-step guide, you will learn exactly how to buy Bitcoin in Canada with e-Transfer, which platform to use, and how to get a $20 bonus on your first purchase.
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Why Use Interac e-Transfer to Buy Bitcoin?
Interac e-Transfer is the best way to buy Bitcoin in Canada for several reasons:
- Speed: Funds arrive in minutes — you can buy Bitcoin almost instantly
- Security: Trusted by all major Canadian banks with built-in encryption
- No credit card needed: No interest charges or cash advance fees
- Low cost: Most crypto platforms accept e-Transfers with zero deposit fees
- Easy to use: Send directly from your banking app — no wire transfers needed
Whether you are buying Bitcoin in Canada for the first time or making regular purchases, Interac e-Transfer is the simplest payment method available.
Best Platform to Buy Bitcoin in Canada: Shakepay
After testing multiple Canadian crypto exchanges, Shakepay is our top recommendation for buying Bitcoin with Interac e-Transfer. Here is why:
- Zero deposit and withdrawal fees — you keep more of your money
- Instant Interac e-Transfer support — funds arrive in under 10 minutes
- Clean, beginner-friendly app — buy Bitcoin in just a few taps
- $20 referral bonus — get free Bitcoin when you buy your first $100 (use code 8K3RGZD)
- Fully regulated in Canada — registered with FINTRAC and CSA-compliant
- ShakingSats and Shakepay Card — earn Bitcoin rewards daily
Read our complete Shakepay review for more details.
Step-by-Step: How to Buy Bitcoin with Interac e-Transfer
Follow these steps to buy Bitcoin in Canada using Shakepay and Interac e-Transfer:
- Create a Shakepay account — go to shakepay.me/r/8K3RGZD and sign up using referral code 8K3RGZD
- Verify your identity — upload your government ID and take a selfie (takes about 5 minutes)
- Add funds via Interac e-Transfer — tap "Add Funds," select Interac e-Transfer, and follow the instructions
- Send money from your bank — open your online banking, send an e-Transfer to the Shakepay email address with the security answer provided
- Wait a few minutes — your Canadian dollar balance will update automatically
- Buy Bitcoin — tap "Buy," select Bitcoin, enter the amount, and confirm the transaction
That is it — you now own Bitcoin in Canada. The entire process takes less than 15 minutes from start to finish.
How Much Does It Cost to Buy Bitcoin in Canada?
With Shakepay, the cost structure is straightforward:
- Deposit fee: Free (Interac e-Transfer)
- Trading fee: No commission — Shakepay charges a spread (typically 1.5-2.5%)
- Withdrawal fee: Free for Canadian dollars; small network fee for Bitcoin withdrawals
Compared to credit card purchases (which often charge 3-5% plus cash advance fees), buying Bitcoin with e-Transfer is significantly cheaper.
Is It Safe to Buy Bitcoin with Interac e-Transfer?
Yes — as long as you use a regulated Canadian platform like Shakepay. Here is what makes it safe:
- Interac e-Transfer uses bank-level encryption
- Shakepay stores the majority of crypto in cold wallets
- Two-factor authentication (2FA) protects your account
- Shakepay is registered with FINTRAC and regulated by the CSA
Security tip: For long-term storage, consider moving your Bitcoin to a hardware wallet after purchase. Never buy crypto from random individuals — always use a regulated Canadian exchange.
Other Ways to Buy Bitcoin in Canada
While Interac e-Transfer is the most popular method, there are other options:
- Credit/Debit Card: Faster but comes with higher fees (3-5%+)
- Wire Transfer: For large amounts, but slower and more expensive
- Bitcoin ATMs: Convenient but charge high fees (5-10%)
- Peer-to-peer (P2P): Not recommended due to scam risks
For most Canadians, Interac e-Transfer remains the best way to buy Bitcoin — it is fast, free, and works with every Canadian bank.
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Frequently Asked Questions
Can I buy Bitcoin instantly with Interac e-Transfer?
Yes — most Interac e-Transfers are processed within 5-10 minutes on Shakepay. Once your funds arrive, you can buy Bitcoin instantly.
What is the best app to buy Bitcoin in Canada?
Shakepay is the best app to buy Bitcoin in Canada for beginners. It offers zero fees on deposits, a simple interface, and a $20 referral bonus. For more advanced traders, platforms like Newton or Bitbuy offer additional features.
How much Bitcoin can I buy with $100 in Canada?
The amount of Bitcoin you receive depends on the current market price. At any price level, you will get approximately $100 worth of BTC minus the small spread. Check the current Bitcoin price on Shakepay for the exact amount.
Do I need to verify my identity to buy Bitcoin in Canada?
Yes — all regulated Canadian crypto exchanges require identity verification (KYC) as mandated by FINTRAC. This typically involves uploading a government ID and taking a selfie.
Where to buy Bitcoin in Canada without high fees?
Shakepay offers the lowest fees for e-Transfer purchases — zero deposit fees and a competitive spread. Avoid credit card purchases and Bitcoin ATMs, which charge significantly more.
This article contains a referral link. Sign up with code 8K3RGZD and we both receive $20 in Bitcoin.