c. Depositing or funding your Bitcoin trading account
Upon verification, you can proceed on to funding or deposit money in your account to start trading. Several options are available for you to do this. They include E-Transfer, Interac Online, Bank Wire, Crypto Capital, and Voucher among others. Each of the funding options has varying daily limits, transfer timeframe, transaction fee and verification requirement.
For instance, E-Transfer has no daily limits, it has a timeframe of 5 days, a transaction fee of 5% and you must be a verified trader. On the other hand, Voucher has a daily limit of up to $5000; it is instant. You do not pay a transaction fee, and verification is not a requirement.
And that is the first way how to buy Bitcoins in Canada. However, some people want to remain anonymous for some reasons or face difficulties in verifying the accounts. But the good this is you can also trade without signing up.