You might not be aware of it, but you can buy Bitcoin in Canada, just like with any other country. If you want to start buying Bitcoins at a discount, don’t forget that you will need to do so from an online exchange and not from the local bank branch. This is because all your transactions are final. But because it is an option, there are many banks and financial institutions that are willing to take Bitcoin deposits. A bank can be a good choice for you if you have cash on hand or need to access your account quickly. To check whether you have been accepted as a customer, you can visit their website. Canadian banks have also started accepting cryptocurrency for deposit.
However, you have to wait until after you have made a deposit at the bank before you can start making transactions. By then, you might get scammed into believing that there is a limit to how much you can deposit and withdraw per day. And it’s likely that a bank representative will ask you questions such as what you want to use the Bitcoins for. If you have some cash on hand, this may be difficult for you to answer, especially if you only want to buy a couple of items at a time.
The best choice for you is to use a Canadian or US bank in which you will find it easier to deal with since they specialize in this field. The main reason why banks do not accept deposits from foreigners right now is because they have not adapted to the current methods of online banking. As soon as they adapt to the new ways of doing business, they will surely go head to head with other banks around the world. A bank is also one of the few institutions which is secure and can help you buy Bitcoin with ease. You can always go to them to ensure that you have easy access to Bitcoins if and when you need it.