Buy Bitcoin with Interac e-Transfer

Using Interac® 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.

bitbuy

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

Ease of Use

Easy

Privacy

Low

Speed

Fast

Fees

Low

Reputation

Trusted

Limits

High

CoinSmart

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 $50 CAD in BTC once they deposit at least $200 CAD.

Pros

Many payment methods accepted
Many coins offered
Fast verification

Cons

Somewhat new company

Ease of Use

Average

Privacy

Low

Speed

Fast

Fees

Low

Reputation

Trusted

Limits

High

Satstreet

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

Ease of Use

Average

Privacy

Low

Speed

Fast

Fees

Low

Reputation

Trusted

Limits

High

Netcoins

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

Ease of Use

Average

Privacy

Low

Speed

Fast

Fees

Low

Reputation

Trusted

Limits

High

Coinberry

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

Ease of Use

Average

Privacy

Low

Speed

Fast

Fees

Low

Reputation

Trusted

Limits

High

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.

Pros

Many payment methods accepted
Many coins offered
Fast verification

Cons

Orderbook may be confusing for new buyers

Ease of Use

Average

Privacy

Low

Speed

Fast

Fees

Low

Reputation

Trusted

Limits

High

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

Pros

Easy way to buy bitcoins in Canada
Numerous payment methods accepted

Cons

High fees
Requires ID

Ease of Use

Average

Privacy

Low

Speed

Fast

Fees

Low

Reputation

Trusted

Limits

High

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

3. Fund your account with an e transfer

Funding a Bitbuy account with Interac

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

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.

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?

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.