Articles on: Canada

How to Buy Bitcoin With Your Account Balance

Use Canadian dollars already in your Bitcoin Well account balance to make a one-time or recurring bitcoin purchase.

Your account balance must contain enough CAD to cover the purchase. If needed, select Fund CAD and follow the funding instructions shown in your account.

Buy bitcoin with your account balance

Select Buy bitcoin

Enter the amount you want to spend. It must be at least $10 and cannot exceed your available account balance.

Enter the purchase amount

Select the payment-method field, then choose Account balance.

Choose Account balance

Under Destination, select the self-custody wallet that should receive your bitcoin.

Select your destination wallet

Select the Frequency field.

Open the frequency menu

For a one-time purchase, choose One time, then select Confirm.

Choose One time and confirm

Select Review.

Review the purchase

Verify the amount, destination, exchange rate, spread, delivery speed, and network fee. Select Confirm purchase to finish.

Confirm the purchase

Open Activity to view the purchase status.

Bitcoin transactions cannot be reversed. Confirm that the selected wallet belongs to you and is the correct destination before completing the purchase.

To automate future purchases, choose a recurring schedule instead of One time and keep enough CAD in your account balance before each scheduled purchase.

What happens next?

The purchase amount is deducted from your CAD balance, and the bitcoin is sent directly to your selected self-custody wallet. On-chain delivery time depends on your selected transaction speed and current network conditions.

Updated on: 14/07/2026

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