Last Update June 22nd, 2020. Interac e-Transfer is a popular way for citizens of Canada to send money to one another using the money in their bank accounts.
Interac E-Transfer is also a popular method for buying and selling bitcoin instantly and securely.
At the moment, Paxful is the only platform that accepts Interac E-Transfer as a payment method.
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How Can I Buy Bitcoin With Interac E-Transfer?
If you want to buy bitcoin using Interac e-Transfer then you have to find a reputable exchange or marketplace that will let you do it.
How To Buy Bitcoin With Interac e-Transfer On Paxful Summary
- Create an account with Paxful.
- Verify your account.
- Go to “Buy Bitcoin” and look for Interac e-Transfer.
- Open a trade with the vendor and complete the terms.
- Receive bitcoins directly into your Paxful wallet.
That’s it! You have successfully purchased bitcoin with Interac e-Transfer as the payment method.
How To Buy Bitcoin With Interac E-Transfer
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Paxful is a person-to-person marketplace that supports over 300 payment methods.
Paxful gives vendors the ability to create offers in all currencies.
- Escrow system
- Diverse payment methods
- Simple user interface (UI)
- Wide variety of sellers
- Buyers and sellers are at risk of being scammed
What Is Interac?
Introduced in 1984, Interac is a Canadian interbank payment network that links participating financial institutions together including debit cards and ATM systems.
An Interac e-Transfer, or Interac Email Money Transfer, is a popular method of payment for sending and receiving money using either a business or personal account. An Interac e-Transfer resembles an eCheck in many forms, however, money can be sent instantaneously and transfers can not bounce.