Buying Bitcoin in Canada with Newton
Buying Bitcoin in Canada with Newton.com is a simple and straightforward process. Newton is a Canadian-based cryptocurrency exchange that offers a user-friendly platform to purchase and trade cryptocurrencies, including Bitcoin. Newton brands itself as a low-cost crypto trading platform. It lives up to this brand by serving its Canadian customers with some of the lowest fees for depositing, trading, and withdrawing cryptocurrencies.
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Here is a step-by-step guide on how to buy Bitcoin in Canada with Newton.com:
Create an account on Newton.com: To start, go to Newton.com and sign up for an account. You will need to provide your email address, password, and personal information, including your name, address, and phone number. After submitting the necessary information, Newton will send a confirmation email to your email address. Follow the instructions in the email to complete the verification process.
Verify your identity: To comply with Canadian anti-money laundering (AML) regulations, you will need to verify your identity with Newton. To do this, you will need to upload a government-issued photo ID and a selfie to confirm your identity. The verification process may take a few minutes to several hours, depending on the volume of submissions.
Add funds to your Newton account: Once your identity has been verified, you can add funds to your Newton account. You can do this by linking a Canadian bank account, using Interac e-Transfer, or by using a credit or debit card. After you have added funds to your account, the funds will appear in your Newton wallet and be ready to use.
Buy Bitcoin: To buy Bitcoin, go to the “Buy/Sell” section of the Newton platform. Select Bitcoin from the list of available cryptocurrencies, and enter the amount of Canadian dollars you want to spend. You can also specify the amount of Bitcoin you want to purchase. The platform will calculate the equivalent amount in Canadian dollars. After confirming the details of your purchase, click the “Buy” button. The purchased Bitcoin will be added to your Newton wallet.
Store your Bitcoin: It is important to store your Bitcoin in a secure wallet. Newton provides a built-in wallet where you can store your Bitcoin. However, if you want to store your Bitcoin offline in a hardware wallet, you can transfer the Bitcoin from your Newton wallet to your hardware wallet.
In conclusion, buying Bitcoin in Canada with Newton.com is a straightforward and convenient process. Newton is a Canadian-based exchange that offers a user-friendly platform and a variety of payment methods to purchase and trade cryptocurrencies, including Bitcoin. To buy Bitcoin, simply create an account on Newton, verify your identity, add funds to your account, buy Bitcoin, and store it in a secure wallet.