Buy Crypto in Canada: Buy crypto can be as easy as losing the crypto. What I mean is, if you don’t get it right the first time, you might get scammed, or end up buying a crypto you’ll never receive. Don’t worry, we’ve got help for you with this simple guide.
You might not know but you can easily buy crypto in Canada using e-transfer on the Binance Mobile App. Truth be told, it’ allots easier than you think and it’s very safe (so long you don’t give out you log in details to strangers and follow the steps below).
Buy Crypto in Canada on the Binance Mobile App
Log into your Binance App and click on the P2P trading section as shown below.
Select the particular cryptocurrency you want to buy, once selected, specify the amount you want to spend buying crypto in the space provided. For example, you want to buy 50 Canadian dollars worth of bitcoin as shown in the screenshot below.
You will see the exact amount you are to pay as well as the exact amount of bitcoin you will get once you pay as seen in the screenshot above. You will also see the payment method, it shows Interac e-transfer as seen below.
Once you are satisfied with the numbers, choose confirm purchase, you will taken to the transaction page. Here is the transaction page below.
On the transaction page, you will find all the details of the amount you will receive send the amount you will pay. You can see it stated clearly that “Binance is holding the seller’s crypto in the escrow account”.
This simply means that once you pay and the seller confirms that he has received the money the crypto will be released to you. Now click on the icon, to payment page.
On the payment page, you will find the details of the seller you will use for payment, you are to pay immediately. Once you make payment, click on the “payment made” button. The seller will immediately get a notification that you have paid.
Once they receive the money, they will confirm the transaction, this usually takes a few minutes. As soon as they confirm, the crypto will be sent to your spot account.
Next, go to your home page and select the wallet icon on the low right corner, once you get to your wallet.
Once in your wallet page, select spot. You will see that the particular crypto you paid for has reflected in your spot account.
This is how to buy crypto in Canada using e-transfer on the Binance Mobile App. It’s simple, easy, fast and reliable.