How to Buy USD1 in Canada (2026 Guide)

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Check real-time USD1/CAD quotes from Canadian platforms. Compare fees, payment methods, and speed in one place.

Buying USD1 in Canada is straightforward with several exchanges supporting Canadian dollars. This guide explains how to purchase USD1 using Interac e-Transfer, EFT, and other Canadian payment methods — and how to compare fees to get the best price.

How do I purchase USD1 in Canada?

You can buy USD1 in Canada through cryptocurrency exchanges that list the token. Create an account, verify your identity, and fund it with CAD using Interac e-Transfer, EFT, wire transfer, or debit/credit card.

Since USD1 is a stablecoin pegged to $1 USD, the main cost is the exchange fee and CAD/USD spread. You can also swap other stablecoins for USD1 on supported exchanges.

Coinvela helps Canadians compare live USD1/CAD prices and fees across platforms.

What makes USD1 unique? USD1 is a fiat-backed stablecoin issued by World Liberty Financial Inc., fully backed by US Treasuries, USD deposits, and cash equivalents, with custody by BitGo Trust Company. Canadian users can hold USD1 for stable USD-denominated value across multiple blockchain networks.

How to Buy USD1 in Canada

Compare platforms

Check live USD1/CAD prices, fees, spreads, and payment methods across exchanges, DEXs, and onramps. Pick the option with the lowest total cost for your amount and preferred deposit method.

Create and verify your account

Open an account on your chosen platform and complete KYC. Have government ID and a selfie ready. Verification often completes in under 15 minutes on custodial platforms.

Deposit Canadian dollars

Fund your account with Interac e-Transfer, EFT, wire, PayPal, or debit/credit card. Interac is fast with low to medium cost. EFT and wire suit larger deposits. Cards are instant but usually higher cost.

Place your order

Choose Market to buy now at the current rate, Limit to set your price, or set up Recurring buys (DCA) for automated purchases.

Secure your USD1

For long-term holding, move USD1 to a private wallet. Hardware wallets provide stronger protection. Enable 2FA everywhere and store recovery phrases offline.

Set up recurring purchases of USD1 →

Different Ways to Buy USD1 in Canada

Not all USD1 purchases work the same way. Most exchanges in Canada let you choose between instant market buys, limit orders, or automated recurring purchases. Here's how they differ:

Method	How It Works	Best For	Example
Market (Spot) Order	Buy USD1 instantly at the current USD1/CAD rate shown on the exchange.	Beginners who want USD1 fast and don't mind small price fluctuations.	Buy $100 worth of USD1 right now at the live rate.
Limit Order	Set your own price target and the exchange executes your order automatically once the market reaches it.	Active traders looking for a better entry point.	Place an order to buy USD1 when it drops to $100 CAD.
Recurring Buy (DCA)	Set automatic daily, weekly, or monthly purchases. This is called Dollar-Cost Averaging (DCA).	Long-term investors who want to reduce the impact of short-term volatility.	Buy $100 of USD1 every week through auto-buy.

Market (Spot) Order

How It Works

Buy USD1 instantly at the current USD1/CAD rate shown on the exchange.

Best For

Beginners who want USD1 fast and don't mind small price fluctuations.

Example

Buy $100 worth of USD1 right now at the live rate.

Limit Order

How It Works

Set your own price target and the exchange executes your order automatically once the market reaches it.

Best For

Active traders looking for a better entry point.

Example

Place an order to buy USD1 when it drops to $100 CAD.

Recurring Buy (DCA)

How It Works

Set automatic daily, weekly, or monthly purchases. This is called Dollar-Cost Averaging (DCA).

Best For

Long-term investors who want to reduce the impact of short-term volatility.

Example

Buy $100 of USD1 every week through auto-buy.

Which Method Is Best?

Most beginners start with a market order because it's simple and fast. As you gain experience, you might use limit or recurring orders to optimize your price or automate your investing strategy.

You can use these order types on major exchanges like Kraken, Coinbase, and other platforms that support advanced order features.

Best Platforms to Buy USD1 in Canada

Live USD1 prices from Canadian exchanges. Compare real-time rates, fees, and payment methods across all major platforms

Amount

$CAD

Crypto Platform

Payment Methods

Fees

USD1 You’d Receive

No exchange data available

Best Payment Methods for USD1 in Canada

Interac e-Transfer is the most popular method; compare options to find the best fit for your needs

Payment Method

Speed

Typical Fee

Limits

Loading payment methods...

Is USD1 Legal in Canada?

Yes, USD1 is legal in Canada. Cryptocurrency exchanges in Canada must register with FINTRAC as Money Service Businesses. USD1 is available on exchanges accessible to Canadian users.

Most platforms require Know Your Customer (KYC) verification for all transactions. The Bank Secrecy Act requires reporting of transactions over $10,000 CAD.

Tax Treatment: The CRA treats cryptocurrency as a commodity. Since USD1 is pegged to $1 USD, capital gains from price changes are typically minimal. However, any yield earned through DeFi protocols may be taxable as income.

Major licensed exchanges in Canada that support USD1 include Binance, KuCoin, HTX, Bybit, MEXC, Gate.io.

Best Wallets for USD1 in Canada

Choose the right wallet for your needs and security level.

Hot wallets (software)

Great for everyday use and multi-chain transactions.

USD1 is available on multiple chains. Choose a wallet that supports your preferred network.

Hardware wallets

Best for long-term storage and larger balances.

Typical cost: $100 to $220 CAD. Store your recovery phrase offline. Verify the correct network before sending USD1 to your hardware wallet.

How to Sell USD1 in Canada

Complete step-by-step guide to selling USD1 safely and getting cash in your account

Transfer to Exchange

Move your USD1 from your wallet to a Canadian exchange. Ensure you send on a network supported by the exchange (Ethereum, BNB Chain, Tron, Solana, or Aptos).

Wait for Confirmation

Confirmation times vary by network. Ethereum takes a few minutes; other networks are typically faster.

Place a Sell Order

Choose between a market order (instant) or limit order. Since USD1 is pegged to $1, market orders are generally safe.

Review Fees & Total

Check the trading fee and CAD/USD spread before confirming.

Withdraw to Bank

Transfer your CAD to your linked Canadian bank account via Interac e-Transfer (free, 1-24 hours) or EFT (1-3 business days).

USD1 ETFs in Canada

No USD1-specific ETF exists in Canada. Direct purchase on an exchange is the primary way to acquire USD1.

How to Get Exposure to USD1

Method

Description

Best For

Direct Purchase

Buy USD1 on a cryptocurrency exchange

Simplest method, lowest fees

Stablecoin Swap

Swap USDT/USDC for USD1 on supported exchanges

Users who already hold other stablecoins

For most Canada investors, buying USD1 directly through a regulated exchange remains the primary method. Compare platforms based on fees, security, and ease of use.

USD1 Adoption in Canada (2026 Snapshot)

Key statistics and trends for cryptocurrency adoption in Canada

13%+

of Canadian adults own cryptocurrency

Interac e-Transfer

Why USD1 in Canada?

USD1 gives Canadians access to a fiat-backed stablecoin with institutional-grade custody by BitGo Trust Company, backed by US Treasuries and available across multiple blockchain networks.

Key USD1 Features:

Institutional-grade custody - Assets custodied by BitGo Trust Company
Fully backed reserves - Backed by US Treasuries, USD deposits, and cash equivalents
Multi-chain availability - Available on Ethereum, BNB Chain, Tron, Solana, and Aptos
USD-pegged stability - Maintain stable USD-denominated value regardless of CAD fluctuations