How to Buy Bitcoin

(BTC)

What is Bitcoin (BTC)?

Created by the anonymous Satoshi Nakamoto in 2009, Bitcoin was the first-ever cryptocurrency. Nakamoto made BTC in the aftermath of the 2008 housing crisis. The idea was to create an online money protocol that allowed two parties to directly interact with each other without the requirement of an intermediary like a bank.

Bitcoin utilizes blockchain technology and a peer-to-peer network to build a financial protocol that’s transparent and decentralized. Through the use of asymmetric cryptography (private keys and public addresses), you get complete control over your BTC. Another powerful aspect of Bitcoin is that it’s a deflationary asset. There is a hard upper cap limit of 21 million BTC. To ensure mining longevity, the total supply entering the ecosystem gets halved every 4 years.

Bitcoin is the first of its kind, decentralized, and deflationary financial protocol that has blazed the trail for the multi-trillion dollar crypto ecosystem.

What can you do with Bitcoin?

Send Bitcoin To Your Friend

Bitcoin was originally created to be the internet's money. As long as two people have a Bitcoin wallet, it doesn't matter who they are or where they are – they can transact with each, with ease. These two parties can directly transact without having to go through an intermediary.

Bitcoin Store Of Value

Bitcoin has gained a lot of respect as a store of value. Companies like MicroStrategy have regularly purchased Bitcoins to store their wealth as a hedge against market fluctuations. If you do have a "buy-and-hold" strategy, then we recommend transferring your coins to a cold hardware wallet like Ledger Nano. Having said that, CoinSmart has taken several security measures to ensure user fund protection. These include – mandatory 2FA, withdrawal confirmation emails, cold storage & BitGo user funds insurance.

Trade Bitcoin

If you don't want to hold your BTC, then there are several things you can do. Swap them for another coin via SmartPay. Or, you can just transfer your BTC to an exchange that specializes in altcoins and trade the BTC pairs.

Buy With Bitcoin

There are several merchants and websites around the world that sell their products for Bitcoin. In fact, even a trillion-dollar company like Tesla was selling their cars for BTC (they have since stopped this service).

Donate Bitcoin

There are several Bitcoin charities around the world that are supporting several causes. People from around the world can easily donate to a cause they believe in by paying via BTC. The transparency of the blockchain allows you to trace your funds closely and hold the organization accountable in case of misuse.

Steps to Buying Bitcoin

Purchase Bitcoin with Credit Card

With CoinSmart you can instantly fund your account with your credit card (up to 6% fees) and buy BTC.

Purchase Bitcoin with Bank Transfer

Fund your account with ease via bank wire transfer, bank draft, and Interac e transfer. Receive your funds on the same day and buy BTC.

Purchase Bitcoin with Other Cryptos

Use SmartTrade to convert one of your other cryptos to BTC in one step. SmartTrade allows you to instantly buy and sell Bitcoin and other cryptocurrencies.

Why Buy BTC
on Coinsmart?

Trade safely with our powerful security

CoinSmart enforces Google 2FA and Email Withdrawal Confirmations to access user accounts and withdrawals. CoinSmart user funds are covered by BitGo to ensure protection in the event of a hack. Plus, we provide the safest crypto asset trading environment for our users by following cybersecurity best practices.

Jargon-free,
Complication-Free

CoinSmart is the perfect starting point if you are new to crypto, thanks to its 24X7 client service and jargon-free approach. Everything in our interface is straightforward. Extra care has been taken to ensure simplicity in each and every step.

Buy Bitcoin on the go

CoinSmart’s intuitive, simple-to-use mobile app streamlines the onboarding, digital asset buying, selling, and trading process while providing users on-the-go access to Bitcoin and other popular cryptocurrencies. The app is available on both Android and IOS.

Made with <3 in Canada

CoinSmart is proudly Canadian. We want to create the ideal crypto platform for our users in Canada, Europe, and beyond. To provide a safe environment for our users, CoinSmart has worked closely with the Ontario Securities Commission (OSC) to obtain the license as a restricted dealer. In simple terms, we are legally obliged to operate transparently and ethically.

About Coinsmart

Regulation First

Being a public company, CoinSmart is legally obligated to operate while adhering to the highest standards of transparency and ethics. We firmly believe that the growth of the crypto economy lies in “trust agents,” like regulated, centralized exchanges.

Commitment to Transparency

CoinSmart’s financial reports are regularly published on both our website and SEDAR. As a user, you can be at ease knowing that your funds are completely safe with the company, and you can keep track of any and all operational expenses.

A Powerhouse Team

CoinSmart is led by a fantastic group of individuals and a board of directors. The three co-founders have previous experience in successfully founding and running startups. The board includes a “Top 40 Under 40” recipient, a founding member of the “Women General Counsel Canada” (WGCC), and the SVP of a multi-billion dollar company.

CoinSmart
Reviews &
Testimonials

“The Coinsmart staff has been very helpful and assisted me when I had any issues. They answered all my questions and resolved any problems that I encountered! This has been a great support as a newbie in this space.”

– Al Torjdamn

“Very easy to purchase and sell BTC.”

– Wendy Dickel

“I use CoinSmart as my primary exchange. It’s got a nice layout, it’s easy to navigate, the verification process was quick and easy and I was able to fund my count without issues afterward. I had a couple of questions and they were very informative in answering them. The customer support even reminded me of their referral options which have ended making me a little extra cash to play with.”

– Brandyn Funk