Overview

The crypto world can be both exciting and perplexing for beginners. While you may be intrigued by Bitcoin, Ethereum, Litecoin, and many other cryptocurrencies making waves, you should also be wary of the possibility of being a victim of a crypto scam. That's where we come in!

Below we will discuss the best places to buy crypto in Montreal. We’ll focus on Montreal-based crypto companies with a physical presence, which are subject to Canadian and local laws, making them safer. They also offer physical access points for buying crypto which makes the buying experience easier.

The internet is flooded with international crypto/Bitcoin exchanges operating everywhere. However, there are significant advantages to focusing on Canadian crypto exchanges/companies. Let’s start by taking a look at the crypto landscape in Montreal.

Is it Illegal to Buy Cryptocurrency in Montreal?

No! Buying/selling cryptocurrency is perfectly legal in Canada. However, this doesn't mean trading cryptocurrency comes without pitfalls. If you are not cautious of the crypto companies you use, crypto scams are all too common. So, where are the best and safest places to buy cryptocurrency in Montreal?

Best Places to Buy Crypto in Montreal

1. Bitcoin Counters in Montreal

This is arguably the best way to buy crypto in Montreal as a beginner. If you don’t want to take unnecessary risks with online crypto companies, simply head over to Bitcoin counters of reputable crypto companies like us at bitMachina. You can buy all major cryptocurrencies Bitcoin, Bitcoin Cash, Litecoin and Ethereum with cash (Canadian Dollars).

The process is as simple as walking to a physical location and being assisted by a cashier. You can convert up to $4,995 daily at bitMachina’s bitcoin counters. This applies to all cash transactions for cryptocurrencies available for buying/selling. If you need to buy crypto in Montreal using more money, bitMachina has a special VIP service.

VIP Counter for Buying Crypto in Montreal

You can buy or sell crypto up to $90,000 daily or more using bitMachina's special VIP service (cash only) available to verified users only.

Get verified now and buy/sell crypto with ease. This service is available by appointment only every day of the week. Contact info@bitmachina.ca or call: 343-308-6313 to buy/sell Litecoin (LTC), Bitcoin (BTC), Ethereum (ETH), and Bitcoin Cash (BCH) at higher limits.

Benefits of Buying Cryptocurrency via Bitcoin Counters

Bitcoin counters come highly recommended, especially for crypto beginners. Here’s a summary of the main benefits:

• Familiar buying experience: As mentioned, the physical location with a cashier offers a sense of security and trust that is lacking in purely online crypto transactions. You can buy crypto like you would buy any other product in a store. This buying experience significantly lowers the barrier to entry for potential crypto investors who would otherwise be apprehensive. If you are a beginner, the cashier can assist with everything, including setting up a crypto wallet (if needed), making the initial entry into crypto easier and less intimidating.
• Reduced risk of crypto scams: Unlike most online-only crypto trading platforms, bitcoin counters are actual businesses registered in Montreal and subject to local and Canadian laws, including protection similar to that offered by securities regulations and the Canadian Deposit Insurance Corporation. This makes bitcoin counters less likely to engage in crypto fraud. In case of any eventualities, local crypto companies are subject to Canadian laws, unlike international online crypto exchanges. Canadian crypto companies like us at bitMachina, with bitcoin counters in Montreal, already have established secure blockchain protocols and a solid reputation to uphold within the community.
• Higher transaction limits for VIP clients: As mentioned, you can buy/sell up to $90,000 worth of crypto daily using bitMachina's VIP service. Most importantly, you can transact even higher limits safely without worrying about scams. Purely online transactions don't offer such limits and safety guarantees.
• No ID verification required: VIP Bitcoin counters like those of bitMachina also have a smooth process where ID verification isn't necessary. While identity verifications are still done, the first security measure is a credit check. IDs are only required when the credit check method fails.

2. Buying Crypto Online via Local-based Crypto Companies

You can also buy crypto online, however, we recommend that you still do so from a company with both a physical and online presence, given that such companies are subject to local regulations, making them safer than international companies that are purely online.

Companies like ours allow users to buy/sell crypto in Montreal online via reputable partners like Simplex.

Trading cryptocurrencies or digital assets is as simple as getting verified (for first-time users) and buying crypto using a credit card, debit card, or bank transfer from your bank account.

Final Thoughts: Where to Buy and How to Buy Crypto in Montreal

There are many places to buy crypto in Montreal, however, we suggest you stick to reputable cryptocurrency companies, like us. We not only make the process simpler but also guarantee it is more secure and subject to Canadian regulations should anything go wrong. In a nutshell, we offer a secure, familiar, hands-on, and straightforward approach to cryptocurrency transactions.

Contact bitMachina now for more information. Ask about anything from the benefits of trading crypto to competitive trading fees/transaction fees, the latest crypto asset trading platforms, trading popular cryptocurrencies/favorite coins, card payment methods, verification processes, receiving crypto in a secure hard wallet/cold wallet/personal wallet, converting crypto like Bitcoin to Ethereum, regulatory compliance, exchange fees, advanced trades and other crypto investments such as Bitcoin or Ethereum exchange-traded funds and upcoming blockchain projects!