When you keep bitcoins in a wallet you control, you never have to ask permission to use them. This means you can receive your bitcoins without waiting for a third party like a centralized exchange to approve the transaction. Here’s an article to understand how to easily buy bitcoin in Canada.

1. What is Bitcoin — How To
Easily Buy Bitcoin In Canada?

2. When you keep bitcoins in a wallet you control, you
never have to ask permission to use them. This means
you can receive your bitcoins without waiting for a third
party like a centralized exchange to approve the
transaction. Here’s an article to understand how to
easily buy bitcoin in Canada.

4. It also means you can send your bitcoins wherever
you want, whenever you want. In contrast, many
custodial bitcoin wallets place severe restrictions on
what you can do with your bitcoins. You may be
required to register an address before sending them
bitcoins, and you may have to wait a few days before
being allowed to withdraw. In some cases, withdrawals
of any kind are simply not allowed.

5. It’s not unusual for your account to be completely frozen.
For example, if you are considered a security risk or fraud,
you may have your account locked without action. The
best-unattended bitcoin wallets also allow you to customize
the “network fee” with each deposit. This means you can
save money on transaction fees when you’re not in a hurry,
or pay more to send faster when needed. Perhaps more
importantly, unattended wallets are more secure. As long
as you maintain the best key management practices, you
will never have to worry about being hacked, nor have your
counterparty risk a centralized exchange being hacked or
going bankrupt.

6. Why do you exactly need to verify my identity to buy
Bitcoins?
When you buy bitcoin with government-issued currency
through an exchange, you’re dealing with a regulated
company.
These companies must comply with Know Your Customer
(KYC) and Anti-Money Laundering (AML) regulations in
order to transfer funds. These regulations require the
collection and retention of customer information, including
identification and sometimes proof of address.

7. How to buy Ethereum in Canada?
After looking at the basics of buying bitcoin, let’s take a
closer look at the methods and processes.
1. Buy bitcoin from a centralized crypto exchange
2. Buy bitcoins with a peer-to-peer trading platform
3. Buy bitcoin cash with our peer-to-peer trading
platform

8. Here is the process to buy bitcoin using Netcoins:
Step 1: Set Up a Netcoins Account
It’s a simple platform for beginners looking to buy, sell
and trade cryptocurrencies. And signing up only takes
a couple of minutes. You’ll just need to verify your
email address and provide some basic information to
get started.

9. Step 2: Fund Your Account
Once you are verified, choose your preferred funding
method. Interac e-Transfer is your best friend when it
comes to funding your account quickly in order to buy
Ethereum fast.
Step 3: Buy Ethereum with Canadian dollars or
Other Cryptocurrencies
Once you’ve funded your account, you’re ready to
start trading.

10. Go to the “Trade” page to enter the amount you would
like to buy in Canadian dollars, and Netcoins will show
you how much Ethereum you will get in return.
SOURCE CREDIT :
https://medium.com/@netcoinscanada/what-is-
bitcoin-how-to-easily-buy-bitcoin-in-canada-
c6c49c008b56

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