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How to Buy Bitcoin Using Online Bill Payment

Online bill payment lets you buy bitcoin by sending a payment from your Canadian bank. It is also useful for scheduled recurring buys.


This workflow, including Lightning delivery, is available only to Canadian accounts. Bank bill payments normally take about three business days to reach Bitcoin Well. The live payment-method selector shows the processing time and limits that apply to your account.


Get your Bitcoin Well bill-payment details


  1. Sign in to Bitcoin Well and select Buy bitcoin.
  2. Open Select payment method.
  3. Select Bill Payment via Bank.
  4. Choose On-chain or Lightning.
  5. Select or add the destination wallet.


Select Bill Payment via Bank and choose the delivery network


  1. Under Payment details, copy the payee name and payee account number exactly as shown.


The bill-payment detail fields with private values replaced


The payee account number is tied to your Bitcoin Well account. Do not share it publicly or use details copied from someone else's account.


Add the payee in online banking


  1. Sign in to your bank.
  2. Open the bill-payment section and add a new payee.
  3. Search for the payee name shown in Bitcoin Well.
  4. Enter the payee account number exactly.
  5. Save the payee.


Make a one-time or recurring buy


  1. Send a bill payment for the CAD amount you want to spend on bitcoin.
  2. For recurring buys, schedule the payment in your online banking app.
  3. Allow about three business days for the bank payment to arrive.
  4. When the payment is processed, Bitcoin Well converts the received CAD using the applicable rate and spread, then sends bitcoin to the destination selected in your account.


After setting up the payee, you can make another buy directly from your bank without signing in each time. Check the saved destination before beginning a recurring schedule.


Buy to a Lightning wallet


Select Lightning before saving the bill-payment details, then choose a saved Lightning destination or add one. Lightning delivery avoids an on-chain miner fee, but the applicable rate and spread are applied when Bitcoin Well processes the payment.


Confirm that the saved Lightning destination is still valid before scheduling recurring payments.


To check whether your bank supports this payment method, see Which Canadian Banks Support Apaylo Bill Payments?.

Updated on: 20/07/2026

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