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Can you buy Bitcoin with Questrade?

Summary: Questrade does not allow Canadian investors to buy real Bitcoin that they can withdraw into a cold wallet or an exchange. Their platform only offers synthetic exposure through a Bitcoin ETF.

Tanya Chen

Senior Writer at Buy Bitcoin Finder

Can you buy Crypto on Questrade?

Clients with a Questrade account in Canada can only buy a Bitcoin ETF (The Bitcoin Fund), which is a synthetic representation of Bitcoin.

Buy Bitcoin Finder does not recommend that users in Canada purchase Bitcoin or cryptocurrency this way, because they cannot get actual custody of their own digital assets.

How to buy Crypto in Canada

We recommend Bitbuy as the best crypto exchange in Canada. They are Canada's most trusted digital asset trading platform that offers the best and simplest way to start buying cryptocurrencies.

Bitbuy will also give Canadian investors real custody of the cryptocurrencies they invest in. This ultimately means you can withdraw the cryptocurrency off the exchange and keep it in secure cold storage.

A guide to getting started with Bitbuy:

  1. Visit Bitbuy Canada and sign up an account
  2. Complete your verification by providing identity details
  3. Click the 'Accounts' tab as shown below
  4. Add Funds from any Canadian Bank account
  5. Buy the crypto of your choice.

Fees and Charges

If you are interested in getting Bitcoin investment exposure through the Bitcoin ETF on Questrade, you will pay a fixed fee of $4.95 CAD.

Alternatively, if you are interested in getting real exposure to Bitcoin, Ethereum, Dogecoin or other cryptocurrencies with Bitbuy, you will pay a 0.2% trading fee.

Visit Bitbuy