Buying Bitcoin Cash (BCH) in Canada has become increasingly accessible thanks to a growing number of regulated cryptocurrency exchanges and trading platforms. Whether you're new to digital assets or expanding your crypto portfolio, this guide walks you through the safest and most efficient ways to purchase, store, and manage Bitcoin Cash—all while staying compliant with Canadian financial regulations.
From trusted exchanges to secure storage options, we’ll cover everything you need to make informed decisions in 2025.
Understanding Bitcoin Cash (BCH)
Bitcoin Cash (BCH) emerged in 2017 as a result of a hard fork from the original Bitcoin blockchain. The split was driven by a need to address Bitcoin’s scalability issues—particularly slow transaction speeds and high fees during network congestion.
The key innovation behind Bitcoin Cash is its larger block size limit of 32MB, compared to Bitcoin’s 1MB (later increased with SegWit, but still functionally smaller). This allows BCH to process more transactions per second, making it faster and cheaper for everyday payments.
Despite its technical advantages, Bitcoin Cash has not achieved the same level of adoption or market value as Bitcoin (BTC). However, it remains one of the top cryptocurrencies by market capitalization and is supported by major exchanges across Canada.
Like Bitcoin, Bitcoin Cash uses the Proof of Work (PoW) consensus mechanism, ensuring decentralized mining and network security.
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Best Ways to Buy Bitcoin Cash in Canada
There are several methods available for purchasing Bitcoin Cash in Canada. Each comes with different trade-offs in terms of cost, speed, security, and user experience.
1. Cryptocurrency Exchanges
Crypto exchanges are the most popular way to buy BCH. These platforms allow direct trading between users or against fiat currencies like CAD and support multiple deposit methods.
Top Canadian exchanges offering BCH:
- Bitbuy
- CoinSmart
- NDAX
- Binance
These platforms typically require identity verification (KYC), offer competitive fees, and support bank transfers via Interac e-Transfer or wire transfer.
2. Cryptocurrency Brokers
Brokers like Wealthsimple Crypto and Newton provide a simplified interface ideal for beginners. While they often charge higher spreads or fees, their ease of use makes them attractive for casual investors.
Unlike full exchanges, some brokers restrict withdrawals to personal wallets, which can be a drawback for those prioritizing control over their assets.
3. Crypto ATMs
Bitcoin ATMs are physical kiosks where you can buy BCH using cash or debit cards. While convenient for quick purchases, they usually come with high fees (up to 10%) and limited transaction amounts.
Availability varies by city—larger urban centers like Toronto, Vancouver, and Montreal have more options.
4. Mining Bitcoin Cash
Technically inclined users can mine BCH by contributing computing power to validate transactions on the network. However, due to rising hardware and electricity costs, mining is rarely profitable for individuals without specialized equipment (ASIC miners).
For most Canadians, buying BCH directly is more practical than mining.
Top Platforms to Buy Bitcoin Cash in Canada
Here’s a closer look at some of the best-regulated and most user-friendly platforms available.
Bitbuy
Launched in 2016, Bitbuy was among the first Canadian exchanges to list Bitcoin Cash. It's known for strong compliance with regulatory standards and offers a wide range of over 50 cryptocurrencies.
- Supported Coins: BTC, ETH, BCH, ADA, SOL, LINK, AAVE, and more
- Funding Methods: Interac e-Transfer, bank wire, crypto deposits
- Trading Fees: Up to 2%
- Cold Storage: Yes – 100% of assets held offline
Bitbuy also offers an advanced trading platform (Bitbuy Edge) for active traders and robust customer support.
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Wealthsimple Crypto
Wealthsimple Crypto is operated by Wealthsimple Digital Assets Inc., a registered crypto trading platform under Canadian securities regulations.
- Available Assets: Over 50 cryptocurrencies including BCH, UNI, COMP, FTM
- Funding Method: Electronic Fund Transfer (EFT) only
- Fees: No deposit/withdrawal fees; 1.5%–2% spread on trades
- Wallet Access: No external wallet withdrawals
Ideal for beginners who want a simple, all-in-one investing experience integrated with other Wealthsimple financial tools.
Newton
Founded in 2018, Newton is a low-cost brokerage offering fast execution and transparent pricing.
- Cryptocurrencies Available: 45+, including Bitcoin Cash
- Deposit Options: Interac e-Transfer, EFT, wire transfer, crypto
- Trading Fees: 0.50% – 2.20%
- No Hidden Fees: Free fiat deposits and withdrawals
Newton emphasizes speed and transparency, making it a favorite among cost-conscious traders.
How to Store Your Bitcoin Cash Safely
Once you’ve purchased BCH, storing it securely is crucial. There are two main types of wallets:
Hot Wallets (Online)
- Connected to the internet
- Convenient for frequent trading
- Examples: Exchange wallets, mobile apps like Edge or Exodus
While convenient, hot wallets are more vulnerable to hacking.
Cold Wallets (Offline)
- Not connected to the internet
- Much more secure for long-term holding
- Examples: Ledger Nano X, Trezor Model T
Hardware wallets are highly recommended if you're holding significant amounts of BCH.
You can also use paper wallets, though these require careful handling to avoid loss or damage.
Is Bitcoin Cash a Good Investment?
Bitcoin Cash remains a speculative asset. While it offers faster and cheaper transactions than Bitcoin, its long-term value proposition depends on adoption and developer activity.
As of 2025:
- Market Cap: Mid-tier among cryptocurrencies
- Use Case: Primarily peer-to-peer payments
- Volatility: High – prices can swing dramatically in short periods
Always conduct independent research before investing. Only allocate funds you can afford to lose.
Frequently Asked Questions (FAQs)
Can I buy Bitcoin Cash with CAD?
Yes. Most Canadian crypto platforms allow you to purchase Bitcoin Cash directly using Canadian dollars through Interac e-Transfer, EFT, or bank wire.
Which exchange has the lowest fees for buying BCH?
Among major Canadian platforms, CoinSmart typically offers the lowest trading fees for Bitcoin Cash transactions.
Can I transfer my BCH to a personal wallet?
Most exchanges allow withdrawals to external wallets. However, brokers like Wealthsimple do not currently support this feature.
Is Bitcoin Cash legal in Canada?
Yes. Bitcoin Cash is fully legal in Canada and treated as a commodity under tax law. Profits from trading or selling BCH may be subject to capital gains tax.
How fast are Bitcoin Cash transactions?
Thanks to its 32MB block size, BCH transactions are confirmed quickly—usually within seconds to minutes—and at very low fees, even during peak times.
What’s the difference between Bitcoin and Bitcoin Cash?
Bitcoin Cash was created to improve scalability by increasing block size. This results in faster and cheaper transactions compared to Bitcoin, though BTC maintains greater network security and global adoption.
Final Thoughts
Buying Bitcoin Cash in Canada is straightforward with the right tools and knowledge. Whether you choose a full-featured exchange like Bitbuy or a beginner-friendly broker like Wealthsimple Crypto, there are plenty of secure options tailored to your needs.
Always prioritize platforms that are regulated, offer strong security features, and give you control over your private keys when possible.
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By understanding how Bitcoin Cash works, where to buy it safely, and how to store it securely, you can confidently take part in Canada’s growing digital economy.