Buying and storing bitcoin safely – a simple guide

This guide will help you in buying and storing bitcoin safely by utilizing non-custodial bitcoin practices. This means, at no point in time should your bitcoin (or the private keys associated with them) be at the mercy of other people or services.

Step 1: Learn about our services

We offer different services to meet your various needs, making it easy for you to self-custody your bitcoin:

Online Portal: Our online portal allows you to buy, sell and use bitcoin from the comfort of your home. This is the fastest, safest, and cheapest way to buy, sell and use bitcoin in Canada. Learn more about our online portal.Bitcoin Well Infinite: Provides institutional-level liquidity and pricing, enabling you to buy or sell bitcoin with no transaction limits, no hidden fees, and no withdrawal fees. A dedicated Bitcoin Specialist is also available to assist you throughout the process. Learn more about Bitcoin Well Infinite.Bitcoin ATMs: With over 250 locations across Canada, bitcoin ATMs offer a convenient and private way to buy bitcoin instantly. Simply visit a bitcoin ATM near you and follow the on-screen instructions to purchase bitcoin using cash. Find your nearest bitcoin ATM.

Step 2: Create Your Personal Wallet

If you plan on buying and storing bitcoin you’ll need a personal wallet. Wallets come in various forms, including hardware wallets and software wallets. Hardware wallets are physical devices that securely store your private keys offline, while software wallets are apps installed on your computer or mobile device. 

When choosing a wallet, consider factors like security features, and ease of use. Some popular wallet options include:

• Ledger (hardware)
• Trezor (hardware)
• Blue Wallet (software, mobile)
• Green Wallet (software, mobile)

For safety and security only buy a hardware wallet direct from the manufacturer or from an official reseller.

Step 3: Buying and storing bitcoin