Bitcoin Adoption and How to Buy Bitcoin in Canada

Photo by Ewan Kennedy on Unsplash

The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga.

It’s clear bitcoin is having a breakthrough year in 2021. 

Corporations like MicroStrategy, Tesla and Square put bitcoin into their balance sheets. Payment giants like Visa Inc. now accept crypto as payment. Macro traders like Guggenheim believe bitcoin should be worth at least $400,000 USD. Small countries like El Salvador adopted bitcoin as legal tender. To top it all off, bitcoin reached a record high price of $63,000 USD. 

While many are quick to label bitcoin a fad, fads don’t typically last 12 years. Nor does its adoption accelerate with time as both retail and institutional investors enter to buy bitcoin. 

Bitcoin continues to make rifts in the financial landscape as a result of all the money printing taking place in response to the pandemic. With trillions of dollars in quantitative easing around the world, cash is flooding the system and in turn devaluing the dollar we all use to save and invest with.

In the meantime, bitcoin becomes more and more scarce. It has a limited supply of 21 million that is being bought up by corporations and institutions. Unlike traditional fiat, bitcoin’s supply is fixed and not controlled by any single entity. The fact bitcoin is scarce, digital and decentralized makes it a safe-haven asset during these uncertain times. 

Now, you might be wondering how to allocate some of your capital into bitcoin. 

Not to worry, we’ll show you how to buy bitcoin in Canada.  

Canadians are Investing in Bitcoin with Netcoins.ca 

If you're ready to join the big players, consider buying bitcoin with Netcoins.ca. Netcoins is Canada's easiest, most trusted way to buy and sell bitcoin. It's quick and easy to open an account and start trading in just a few minutes.  

You can fund your account with an Interac e-Transfer (with 0% fees) and then use those funds to buy bitcoin (BTC) or any other cryptocurrencies they offer such as Ethereum (ETH), Litecoin (LTC) and more.   

Conversely, if you’re looking to cash out of your bitcoin, you can do so right away without Netcoins charging you any fees for Canadian dollar (CAD) withdrawals. This makes it super easy to dip your toes in whether you’re looking to buy, sell or hold bitcoin.

You can also take advantage of Netcoins’ instant orders, limit orders (where trades are automatically executed at your pre-set buy/sell price) and price alerts (so you can stay updated on crypto price actions without staring at the prices all day). Netcoins also offers incredible customer support via email, live chat and phone support. 

As bitcoin continues to make its stamp in the world, it may be wise to buy some bitcoin today — even if it’s as little as $10 — with Netcoins.ca.  

If you’re new to bitcoin, Netcoins also provides a comprehensive Crypto Academy to help you learn about cryptocurrencies, how to keep your bitcoin safe and common questions like ‘how to buy bitcoin in Canada’. 

Netcoins is owned by publicly traded company BIGG Digital Assets BIGG. 

For more information on Netcoins and how to buy bitcoin in Canada, check out www.netcoins.ca. 

The preceding post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. Although the piece is not and should not be construed as editorial content, the sponsored content team works to ensure that any and all information contained within is true and accurate to the best of their knowledge and research. This content is for informational purposes only and not intended to be investing advice.