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Firstly, it is important to find a trusted source for learning about Bitcoin.
I have found Some great You-tubers who have compiled many informative videos on the subject.
We recommend browsing through their playlists and learning a thing or two before transacting with Bitcoin, Not only because the price can be volatile but if stored/transferred improperly can lead to loss.
Please always double check Addresses and amounts before sending and always make sure that there is a fee attached to the transaction so that the Blockchain will process your transaction.
It should be noted that none of the following is to be considered Investment Advice.
To Locate an ATM near you with Low Fees the CoinATMRadar app is very helpful!
You may browse all atms in your area and track down the one with the Lowest Fees!
To load by an ATM one must first create a Secure Bitcoin wallet.
If you do not have one already, There are many to choose from, Its important to find one that you trust and that works for you, and most importantly allows you access to your Private Keys.
(PLEASE NOTE The above video is a few years outdated but the basic principals are still the same, and there are now plenty of wallets that allow for users to have a “Segwit”wallet )
If you are just interested in using a wallet as a one time use “Disposable” wallet such as for making a payment, You can set up a Free Simple wallet with Edge Wallet on Android or iOS.
You may experiment making as many wallets as you want, and delete them as you wish. But please note once deleted you may only access it again with a Private Key for that wallet.
Please look into what a “Private Key” is and how to back this up and store it safely if you wish to continue using any wallet to store bitcoin in the future.
Please note while holding Bitcoin the CAD Price will Fluctuate as the price changes. Please Be aware of all the risks involved.
The Fastest Way to pay for your order would be the Buy+Send Method.
The Buy+Send Method works as follows: Members use a third party app Such as BitBuy.ca or Shakepay.co Web or Mobile app to Purchase and Send Bitcoin DIRECTLY TO MERCHANTS who only accept Bitcoin!
Why is this helpful?
Simply, it takes the complications out of everything!
Built into the infrastructure of the apps are a Canadian $ and a BTC wallet that work in unison.
Fund your account by any method you prefer (E-Transfers are the most popular and quickest method.)
Purchase ONLY the amount needed for your order by sending the total amount as an
E-Transfer to the Email provided in the app funding section; So if your order total at checkout is $20 you send $20 E-Transfer. Some fees may apply (Buying, Selling and Sending bitcoin always incurs a small fee, this is to keep the system working and secure. However, please note that we will cover any fees from this Exchange and sending to our wallet.)
Once you have the total in your CAD Wallet You may either complete your order by checkout with BTCPAYServer
**If the total amount of bitcoin you Received is a smaller amount than the total required, don’t panic! Just Send the max amount that you received from the Exchange ( For Example, $100 would appear as 0.00984433 BTC, and BTCPAYServer is asking for 0.0994238 Just send the MAX you have available to the address and TEXT *BTCPAID and your order# to: 1-778-400-8444
We will manually verify the transaction and Flag your order as approved!!
So dont worry, If you’re worried at all about this, Please feel free to contact us beforehand:
Most members are Loving making their purchase using the Shakepay App to Buy+Send Bitcoin to pay for their order!
Its one of the Fastest ways to pay with Bitcoin from the Comfort of your own home!
Easy to fund Using E-Transfer (INSTANT) or a direct BankWire!
Funds land as CAD into your ON-EXCHANGE WALLET
Exchange to BTC whenever you wish!
Send BTC to your own wallet or direct from Exchange wallet(withdraw) to pay for your order DIRECT from the App to our wallet!
PLEASE Keep in mind Shakepay has minimum limits to withdraw so in some cases the amount you withdraw/buy will need to meet that threshold. For Smaller amounts under $100 we recommend using MOONPAY.
The best thing is they are CANADIAN!
If you are after ore information about Bitcoin and Blockchain Technology, We Recommend Subscribing to: Andreas M. Antonopoulos