If you’ve been in the cryptocurrency sector for a while now, you probably have come across the Interac money transfer system. The money transfer system provides various features and benefits for users, particularly in trading cryptocurrencies.
What is an Interac e-Transfer?
Interac e-Transfer is a method of sending and receiving money directly from one bank account to another. Most times, it works the same as regular bank transfer, but it’s easier to use because you only need to provide the phone number or email address of the recipient — not their bank details.
Almost all Canadian banks have Interac as part of their services, so, all you have to do is to locate the Interac e-Transfer registration page within your online banking and use the service from there.
Steps to Buy Bitcoin with Interac e-transfer
Interac e-Transfer is considered the most popular payment method used by Canadians to fund an account and buy bitcoin. Use MyBTC.ca to buy Bitcoin with Interac e-Transfer by following these easy steps:
- Navigate to the homepage and start your order with Interac e-Transfer by clicking the “Buy Now” button or use this direct link.
- Enter the dollar amount of Bitcoin you would like to process for and enter all the other required fields like your Bitcoin wallet address and phone number.
- Press “Text Me” to receive an SMS code via text and enter it into the respective field.
- Enter your profile information and proceed to identity verification.
- Perform identity verification by uploading your government-issued photo ID or request to complete it in-person at Canada Post.
- Once your identity is verified you’ll be able to press the “View Instructions” button to and see all the instructions to set up MyBTC.ca as a recipient and send the Interac e-Transfer from within your online banking.
- After MyBTC.ca receives and deposits your Interac e-Transfer, your account balance will be funded with the matching amount and you’ll be able to checkout by pressing the green “Complete Order” button.
- Bitcoin will be sent to the wallet address you provide, and confirm on its Blockchain.
Reasons why millions of Canadians Choose Interac e-Transfer
More than 20 million Canadians trust Interac e-Transfer to send, receive, and request funds. And, since the service is used more than one million times daily, it’s difficult to deny that it’s one of the favorite digital payment solutions in Canada because of these reasons:
All you need is to access mobile banking through a participating financial institution, and you can send or request money to anyone with an email address or mobile phone number and a bank account in Canada – without disclosing any personal financial information.
This money transfer system is one of the safest in the world. When you send money using Interac e-Transfer, the fund is transferred using established and secure banking procedures that financial institutions have used for years..
3. Ease of use
Sending or receiving Interac e-Transfer needs nothing but a Canadian deposit account, an email address, or a phone number. You can directly send money to buy bitcoin from your existing deposit account in only a few steps. You don’t need to set-up new accounts, passwords, or user IDs.
So what are you waiting for? Navigate to MyBTC.ca to buy bitcoin with Interac e-Transfer, today!