Best Ways to Buy Bitcoins with Interac® Online 2018

People across the world were shocked when the bitcoin hit a high value earning huge profit to the people who had invested just a few hundred bucks in it a few years back. That is when most of the people were acknowledged with this latest technology of cryptocurrency or blockchain, with the most well-known of them, Bitcoin. That is when most of us wished that we had invested in it just a few months before. But it’s never too late. We can invest or buy bitcoins even now using Interac® Online.

All of us know that bitcoin is a cryptocurrency and it is completely virtual. People don’t buy bitcoins for making payments online, they buy it for earning profits in future. Bitcoin works on blockchain technology and it is a secure form of currency. There are many countries in the world who have accepted bitcoins as legal currency. The query is, most of us don’t know the methods to buy bitcoin. Using Interac is one way to buy Bitcoin.

What is Interac?

Interac Association is a non-profitable Canada based association of banks linked to financial institutions and different enterprises for the purpose of exchanging electronic financial transactions. As the development of Canada is high for traditional card providers such as VISA and MasterCard, credit card providers rarely provide any debit card. Interac is different, it provides debit card system.

How to quickly buy bitcoin using Interac® Online?

Here is a list that includes bitcoin exchanges and brokers that allow you to buy bitcoin with Interac.

1. Coinbase

It is the most popular and largest bitcoin broker around the globe. It allows for fast and easy transactions to even new users. It includes countries such as Australia, Singapore, Canada, United States and Europe with a total of 30 countries. The methods of a transaction are via credit card, debit card, SEPA and more.

Pros

  • High limits.
  • High liquidity and volume.
  • Instant payment method is available with a credit card or debit card.
  • Huge user base which makes them invest heavily in their security.

Cons

  • Coinbase will track each transaction, you are not anonymous when using Coinbase.
  • Bank transfer takes at least 5 days for the transaction to be completed.

 

2. Canadian Bitcoins

Canadian Bitcoins is a Canadian based bitcoin exchange platform. It allows for easy and fast methods using payment methods such as Flexepin voucher, Interac Online, cash via email, cash in person, debit in person, debit card from a bank account, online bill payment. It carries out large purchases of bitcoins.

Pros

  • Easy-to-use platform for newbies.
  • Variety of payment methods.
  • Trustable
  • A large number of transactions are done on an hourly basis.
  • Fast and easy method.

Cons

  • Many payment methods are public and not secured ways to buy bitcoins.

 

3. QuickBT

QuickBT is a broker for Canadians as it is based in Canada. It is the fastest way to buy bitcoins in Canada. QuickBT requires a Canadian phone number for transactions. One can buy a limited amount of bitcoins and the operation is quite simple. One can buy bitcoins from the homepage by entering desired amount and bitcoin wallet address.

Payments are accepted through online debit cards, wire transfers through most of the Credit Unions and RBC, with some of the cards issued by Scotiabank, BMO and TD and Flexepin Vouchers can also be used for the payment. Then the bitcoins are delivered to wallet address within a fraction of the time.

Pros

  • Easy and fast way to buy Bitcoin using Interac Online
  • Only a mobile number is required for verification purpose.
  • The operation to buy bitcoin is simple.

 Cons

  • Only limited amount of bitcoins are to be purchased per sim card.

 

4. bitBUY.ca

bitBUY.ca is a financial services software company. It allows clients to buy bitcoin and also facilitates business to accept bitcoin. It provides bitcoins to business across the world. Verification requires a longer time and is done manually by the staff.

One of the fastest way to buy bitcoin in Canada. Around $250 amount of bitcoins can be bought with an email address and phone number.

  Pros

  • Fast transaction.
  • Secure.

  Cons

  • Very low limit.
  • High rate.

 

5. QuadrigaCX

QuadrigaCX is a Canadian based bitcoin exchange platform that makes selling and buying bitcoins is simple. They include an advanced measure of security and all the withdrawals are carried within 24 hours.

 

6. Anycoin Direct

  • It provides bitcoins across Europe and Canada.
  • It provides easy and local payment methods that include SEPA, SOFORT, Giropay, iDEAL, Bancontact, MyBank, Trustpay and Interac Online.
  • It is the fastest mode of transaction.
  • Bitcoins are transferred within 5 minutes of receiving successful payment.
  • It consists of a fast validation process.

Pros

  • Easy and fast.
  • Variety of payment methods.
  • Validation is done within a couple of minutes.
  • High limits.

Cons

  • Fees not clearly mentioned on the website.

 

7. Happy Coins

  • It is based in the Netherlands and provides its service across Europe. It is a bitcoin exchange platform.
  • Just like Anycoin Direct, Happy Coins includes a variety of payments methods along with some instant payment methods.
  • Different payment methods include SOFORT, Giropay, iDEAL, Bancontact, MyBank and Interac Online.
  • SEPA deposits are offered to EU residents within a time period of 1 to 3 days.

Pros

  • Most trusted and currently well running.
  • Provides “HappyHour” with 0% fee period occasionally.
  • Variety of payment options available.
  • Secured.

Cons

  • It doesn’t display any fees publically, only displayed at the time of payment.

 

 

Conclusion

Cryptocurrencies are growing popular day by day. But people still find buying bitcoin as a complex process, whereas they are unaware of different platforms that allow the purchase of bitcoins quickly and easily. Interac Online, on the other hand, has different brokers to carry out bitcoin operations easily by opening variety of options in front of people.