Beaver Bitcoin offers a full suite of payment methods to ensure a seamless bitcoin purchase every time. Whether you need bitcoin quickly or just sold the family farm, Beaver offers three payment methods to match with your needs.
- Interac e-Transfer
- Bill Payment
- Wire Transfer
The table below provides an overview of the payment methods supported by Beaver, including settlement timing, minimum and maximum purchase size, and the corresponding fee.
Buy Bitcoin with Interac e-Transfer
Fee 1.5%
Etransfer is the easiest way to buy bitcoin quickly in Canada. As a trusted and familiar payment method, etransfer is the best way to buy smaller amounts of bitcoin. The only downside to buying with etransfer is the low limits you'll run into with your bank. Because of these limits (typically less than $5,000 per day, and less than $10,000 per week) Beaver provides additional options for purchasing larger amounts of bitcoin.
Buy Bitcoin with Bill Payment
Fee: 1.5%
Bill Payment is the most convenient way to buy a large amount of bitcoin from the comfort of your own home. Unlike wire transfers that require you to visit your bank branch in person, bill payments can be completed via your online banking app. To transfer Beaver funds via a bill payment, simply add us as a payee with your unique account number, then proceed with your bill payment, entering the CAD value for the amount of bitcoin you'd like to purchase.
For details on adding us as a payee, and for your unique account number, send an email to hello@beaverbitcoin.com.
There's no limit to your purchase size on our end via Bill Payment, however it's possible you will run into a limit with your bank - these limits can vary widely by banks and account types.
Buy Bitcoin with Wire Transfer
Fee: 1.5% + $50
Wire transfer is the tried and true method for buying large amounts of bitcoin in Canada. Boasting same-day settlement and virtually no limit, wire is the payment method of choice for individuals buying large amounts of bitcoin who are also looking for speedy settlement.
With Beaver, wires involve manual handling and so we cannot guarantee same-day settlement, however if your wire is sent in the morning it is likely it will clear by the afternoon or evening. In addition, because of the manual handling required, there is an additional $50 fee applied to wires.
Another tradeoff with wires is that more often than not, sending a wire requires that you visit your bank branch in person. For significantly larger bitcoin purchases this is hardly an inconvenience, however if your purchase size falls within your personal limit with your bank for a bill payment, you may opt for the latter for a more convenient transfer.
All of that said, if you're buying a large amount of bitcoin, you cannot go wrong with a wire. To purchase bitcoin via wire with Beaver, send an email to hello@beaverbitcoin.com to receive our wire details.
Buy Bitcoin with Bank Transfer
Fee: 1.5%
A bank transfer is similar to a wire transfer in a few ways. You'll be required to visit your bank branch in person and request a "bank transfer". Bank transfers also settle within 1 business day. Where they differ is in the limits you may encounter with your bank. Limits will vary by bank and by individual. Bank transfer is ideal for a quick settlement time for amounts greater than your etransfer limit, and for those whose bank does not support bill payment.
For details on sending us a bank transfer, email hello@beaverbitcoin.com.
Beaver currently does not support buying Bitcoin via Paypal, stablecoins, credit cards, debit cards, cheque, or cash.