Beginner’s Guide to Tracking Bitcoin Price in CAD

If you’re just getting into crypto and wondering how to keep an eye on the Bitcoin price in CAD (Canadian Dollars), you’re definitely not alone. A lot of new folks in Canada are diving into Bitcoin these days, but most of the info online is either too technical or just written for people who already know their stuff. This guide is for us beginners.

Why Track Bitcoin Price in CAD?

Most crypto websites and charts show the price of Bitcoin in USD (U.S. dollars), which makes things kinda confusing for Canadians. You might see BTC is $40,000 — but that’s in USD. So if you’re in Canada, that doesn’t tell you exactly what it means for your wallet.

Tracking Bitcoin price CAD helps you:

  • Know the actual value in your local currency

  • Avoid surprise exchange rates or fees

  • Make smarter buying or selling decisions

Easiest Ways to Check Bitcoin Price in CAD

1. Use a Canadian Crypto Exchange

This is probably the most straightforward option. If you’re using platforms like Shakepay, Newton, or NDAX, they show you the BTC price in CAD by default.

Most of these apps or sites update prices in real-time, so you always know the latest rate. Just remember, the price might differ slightly depending on the platform due to fees or spreads.

2. Google It (Seriously)

You can just Google “Bitcoin price CAD” and it will usually show the latest number right at the top of the page. It’s quick and easy, but not always super detailed.

3. CoinMarketCap or CoinGecko

These sites are popular for tracking crypto prices globally, but they also let you change the currency to CAD.

  • On CoinMarketCap, click the currency in the top right and switch it to CAD

  • Same with CoinGecko, and you can even track price history, charts, and more

These are great if you wanna get a bit nerdier with your tracking.

4. Crypto Price Widgets / Apps

There are apps (like Blockfolio or Delta) where you can customize your portfolio and track the Bitcoin price in CAD in real-time. Some even send you price alerts if BTC hits a certain number — pretty useful if you’re thinking about buying or selling.

A Quick Note on Prices

Bitcoin is super volatile — the price can change by hundreds (or thousands) of dollars in a day. So don’t be surprised if you check the BTC price in CAD in the morning and it’s different by lunch. That’s just how it goes.

Also, the price shown might be slightly different depending where you’re looking. One app might show $73,450 CAD while another shows $73,300. It’s normal. Fees, demand, and supply affect each platform’s rates.

Common Mistakes to Avoid

  • Only looking at USD prices: Remember, always check CAD unless you like doing math in your head

  • Forgetting about fees: The price shown isn’t always what you’ll actually pay. Look at the final amount after fees.

  • Trusting just one source: It’s smart to compare at least 2 platforms when making decisions.

  • FOMO buying: Just ‘cause Bitcoin jumped in price doesn’t mean it’s the right time to buy. Do your own research!

Final Thoughts

Tracking the Bitcoin price CAD doesn’t have to be complicated. Once you know where to look and how to read it, you’re already ahead of a lot of beginners.

Just remember — take your time, double-check prices, and don’t stress the small ups and downs. It’s a long game.

Good luck and happy stacking!

Latest Posts

Don't Miss