Buy Bitcoin with Interac e-Transfer

Using InteracĀ® Online can help you buy bitcoin quickly in Canada. The list below contains bitcoin exchanges and brokers that allow you to buy bitcoin with Interac e-Transfer.

We may receive advertising compensation when you click certain products. Before jumping into this page, an important disclosure.

bitbuybitbuy
Buy Now at bitbuy's Secure Site

bitbuy is a Bitcoin exchange based in Canada. You can buy bitcoins, litecoin, ethereum and other coins with Interace e-Transfer or bank wire for as low as 0.1% fees. The exchange has good support available through its live chat, or via phone & email.

Pros
  • Fast way to buy bitcoins
  • Very high buy and sell limits
  • Can handle large buys through OTC desk
  • Only Canadian exchange to offer 1:1 BTC insurance
Cons
  • No longer supports Flexepin
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Ease of Use
Easy
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Privacy
Low
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Speed
Fast
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Fees
Low
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Reputation
Trusted
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Limits
High
Buy Now

CoinSmartCoinSmart
Buy Now at CoinSmart's Secure Site

CoinSmart is a Canadian exchange. It allows users to buy and sell Bitcoin and all major cryptocurrencies in Canada.

Customers can buy and sell bitcoin and ether using Interac e-Transfers, bank transfers, SWIFT, and credit/debit card. New users will receive $20 CAD in BTC once they deposit at least $100 CAD.

Pros
  • Many payment methods accepted
  • Many coins offered
  • Fast verification
Cons
  • Somewhat new company
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Ease of Use
Average
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Privacy
Low
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Speed
Fast
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Fees
Low
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Reputation
Trusted
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Limits
High
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SatstreetSatstreet
Buy Now at Satstreet's Secure Site

Satstreet is a Canadian OTC (over the counter) exchange serves individuals and businesses looking to buy larger amounts from $25k to over $10M CAD.

Because you are buying Bitcoin, ETH or other crypto in bulk, you will pay some of the lowest fees in Canada.

Pros
  • Some of the lowest fees in Canada
  • Private banking experience
  • Great customer service
  • Regulated and compliant MSB under FINTRAC
Cons
  • Must buy at least CAD $25k of Bitcoin
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Ease of Use
Average
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Privacy
Low
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Speed
Fast
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Fees
Low
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Reputation
Trusted
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Limits
High
Buy Now

NetcoinsNetcoins
Buy Now at Netcoins's Secure Site

Netcoins is a Canadian exchange based in Vancouver. You can buy and sell Bitcoin, Ethereum, Litecoin and other major cryptocoins with Interac e-Transfer, online bill payment or wire.

They charge 0% on funding and FIAT withdrawal fees and .5% on trading. Customers receive support during business hours through live chat, email or phone call. Getting started and verified takes a couple of minutes.

New users will receive a $10 CAD bonus once they complete $100 in cumulative transactions.

Pros
  • Deep liquidity with no slippage
  • Instant withdrawals
  • Fully audited
  • Fast verification
  • Great customer support
  • Regulated and compliant MSB under FINTRAC
Cons
  • No mobile app yet
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Ease of Use
Average
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Privacy
Low
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Speed
Fast
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Fees
Low
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Reputation
Trusted
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Limits
High
Buy Now

CoinberryCoinberry
Buy Now at Coinberry's Secure Site

Coinberry is a Canadian 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, SWIFT, and credit/debit card.

Pros
  • Many payment methods accepted
  • Many coins offered
  • Fast verification
Cons
  • Only supports Canadian clients
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Ease of Use
Average
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Privacy
Low
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Speed
Fast
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Fees
Low
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Reputation
Trusted
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Limits
High
Buy Now Read Review

CoinsquareCoinsquare
Buy Now at Coinsquare's Secure Site

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.

Pros
  • Many payment methods accepted
  • Many coins offered
  • Fast verification
Cons
  • Orderbook may be confusing for new buyers
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Ease of Use
Average
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Privacy
Low
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Speed
Fast
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Fees
Low
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Reputation
Trusted
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Limits
High
Buy Now

Buy Now at MyBTC.ca's Secure Site

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

Pros
  • Easy way to buy bitcoins in Canada
  • Numerous payment methods accepted
Cons
  • High fees
  • Requires ID
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Ease of Use
Average
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Privacy
Low
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Speed
Fast
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Fees
Low
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Reputation
Trusted
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Limits
High
Buy Now

FAQ

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.

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.


2. Open an account on one of the exchanges supporting Interac e Transfer

interac e-transfer signup form

3. Fund your account with an e transfer

fund etransfer
Funding a Bitbuy account with Interac

4. Choose your Interac e Transfer method

enter name of recipient etransfer

5. Enter the amount

enter etransfer amount

6. Send your e Transfer

send money through etransfer

7. Make a market order for Bitcoin

8. Select your funded account as the payment method for the Bitcoin

9. Complete the order

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 it connect either of these to their checking account. There are now Bitcoin exchanges, such as Bitbuy and Coinberry, that will let you use e transfer to buy on their platform.

etransfer app
Interac's payment app

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?

eToro is an exchange that services both Canada and the United States and accepts Interac e Transfer. However, 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 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.