Buy Bitcoin with Interac e-Transfer
The list of Canadian crypto exchanges below contains exchanges that allow you to buy bitcoin and crypto with Interac e-Transfer.
We may receive advertising compensation when you click certain products. Before jumping into this page, an important disclosure.
Bitbuy
Bitbuy
Bitbuy allows you to buy bitcoin and crypto online with Interac eTransfer instantly.
New users will receive a free $50 CAD bonus once they deposit at least $250 CAD.
- Fast way to buy bitcoins
- Very high buy and sell limits
- Only Canadian exchange to offer 1:1 BTC insurance
- No longer supports Flexepin
MyBTC.ca
MyBTC.ca
MyBTC.ca allows Canadians to buy between $20-$250,000 worth of bitcoin. ID for verification can be submitted online or done in-person at any Canada Post location nation-wide. Support available through live chat, SMS, phone or email.
MyBTC.ca payment options include the following:
- Interac e-Transfer
- Bank Wire
- Cash or Debit
- Flexepin Voucher
- Credit card
- Easy way to buy bitcoins in Canada
- Numerous payment methods accepted
- High fees
- Requires ID
Netcoins
Netcoins
Using Netcoins you can buy and sell Bitcoin, Ethereum, Litecoin and other major crypto with Interac e-Transfer.
New users will receive a $10 CAD bonus once they complete $100 in cumulative transactions.
- Deep liquidity with no slippage
- Instant withdrawals
- Fully audited
- Fast verification
- Great customer support
- Regulated and compliant MSB under FINTRAC
- No mobile app yet
Coinsquare
Coinsquare
Coinsquare is Canada's largest crypto and Bitcoin exchange. It allows users to buy and sell Bitcoin, Ethereum, Litecoin and other coins in Canada.
Customers can buy and sell bitcoin and ether using Interac e-Transfers, bank transfers and SWIFT.
- Many payment methods accepted
- Many coins offered
- Fast verification
- Order book may be confusing for new buyers
How to Buy Bitcoin with Interac e-Transfer
1. Find an exchange that will accept Interac e transfer as a payment method
We have done that part for you on this page, so you'll just need to pick one from the list above.
2. Open an account on one of the exchanges supporting Interac e Transfer
3. Fund your account with an e transfer
4. Choose your Interac e Transfer method
5. Enter the amount
6. Send your e Transfer
7. Make a market order for Bitcoin
8. Select your funded account as the payment method for the Bitcoin
9. Complete the order
What is Interac e Transfer?
Interac e Transfer is an electronic payment platform that allows its users to send and receive money via text or email, much like Zelle or Venmo in the US.
How do I buy Bitcoin with Interac e Transfer?
Buying Bitcoin with Interac e Transfer is quite easy. First, find an exchange that accepts Interac e-Transfer as a payment method. Then open an account, fund it with an e-Transfer, and make a market order for Bitcoin.
How does Interac e Transfer work?
Interac works very similarly to Venmo or PayPal. Most bank accounts include it automatically, so it easily allows you to send money to friends, family and businesses via an email address or phone number. All the receiver has to do is connect either of these to their checking account.
Is it safe to use Interac e Transfer to buy Bitcoin?
As long as the exchange you are sending money to is safe, then yes, it is perfectly safe to use Interac to buy Bitcoin.
Can I use Interac e Transfer on US exchanges?
Only Canadian residents will have access to e Transfer, so there is no effective way for US residents to use e Transfer as a payment method for buying Bitcoin.
Does Coinbase Support eTransfer?
No, Coinbase does not support Interac eTranser as a payment option on its platform.
Does Binance Support eTransfer?
No, Binance does not support Interac eTranser as a payment option on its platform.
Does Crypto.com Support eTransfer?
Yes, Crypto.com does support Interac eTranser as a payment option on its platform.
Does CIBC allow Cryptocurrency Buys?
CIBC does not appear to have issued any sort of comment on whether or not they allow their customers to use their services to buy Bitcoin. It does appear that many users have had a hard time using Interac to fund their exchange accounts using a CIBC bank account. So while they may not technically prohibit it, they don't seem to make it very easy either.