Where to Buy Bitcoin in Toronto: Store, Online or ATM? | The Coin Shack

Where to buy Bitcoin in Toronto

Toronto has more ways to buy Bitcoin than anywhere else in Canada, and the cost varies a lot between them. This guide compares the three main routes, so you know what you are paying before you buy.

TL;DR

Cheapest: buy online by Interac e-Transfer, 2.35% fee already in the price, Bitcoin sent to your own wallet.
Want help or cash? Visit our store at 238 Copper Creek Dr, Markham, near the 407. Cash buys under $1,000 need no ID.
Skip Bitcoin ATMs: fees of 6% to 15% or more are common.
Stay safe: only send Bitcoin to a wallet you set up yourself. No government agency or bank asks to be paid in Bitcoin.

Online by Interac e-Transfer

For most people in Toronto, buying online is the simplest and cheapest way. With The Coin Shack you pay from your own bank by Interac e-Transfer, and we send the Bitcoin to your own wallet, never ours. Our fee is 2.35%, already in the price you see. We pay the Bitcoin network fee (want it faster? You can choose a $2 or $5 speed-up). Start at Buy Online.

In person at a GTA Bitcoin shop

If you prefer cash or want help, our shop is in east Markham at 238 Copper Creek Dr, near Highway 407. Cash buys under $1,000 need no ID, and we set up your wallet with you. Visit our store for hours and cash rates.

Bitcoin ATMs

You will find Bitcoin ATMs all over Toronto. Fees of 6% to 15% or more are common, plus the exchange rate on screen is usually above the market price. In April 2026 the federal government also announced plans to ban crypto ATMs, after a rise in scams that used them. See how the cost compares with our Bitcoin ATM fee calculator.

How to stay safe wherever you buy

Only send Bitcoin to a wallet you set up yourself.
Write down your wallet’s backup words on paper and keep them private.
No government agency, bank or police service will ask you to pay in Bitcoin.
Check that the business is registered with FINTRAC. Ours is N300001054.

Questions

What is the cheapest way to buy Bitcoin in Toronto?

Usually online by Interac e-Transfer. With us that is a 2.35% fee included in the price, versus 6% to 15% or more at many Bitcoin ATMs.

Can I buy Bitcoin with cash in Toronto?

Yes, at our store in east Markham, a short drive from Toronto. Cash buys under $1,000 need no ID.

Is online buying available everywhere in Canada?

Our online service is available across Canada except Quebec.