How to pay your bills and send e-transfers with Bitcoin in Canada

You have Bitcoin in your Bitcoin wallet, and you would like to use them to pay your bills or to send e-transfers to anyone in Canada without first having to sell them on an exchange and withdraw dollars into your bank account? No problem, Bull Bitcoin has got you covered!

With Bull Bitcoin, you can send Canadian dollars to:

• Any e-transfer email address, even if it doesn’t belong to you

• Any Canadian credit card

• Over 14,000 billers (select from our list)

• Direct deposit in any Canadian bank account, even if it’s not in your name

Bull Bitcoin has been offering bill payment and e-transfer payment services in Canada since 2013. With 10 years of experience, we are by far the most reliable and trusted Bitcoin company in Canada. 

As soon as your Bitcoin payment is sent, the Bitcoin exchange rate will be locked in. You don’t have to wait for a confirmation on the blockchain. As soon as the Bitcoin payment is confirmed, an e-transfer will automatically be sent to the recipient. It’s that easy! Once you’ve made the Bitcoin payment, you have nothing else to do, the recipient you wanted to pay will receive Canadian dollars within the next business day. 

Bull Bitcoin offers a no-KYC option that allows you to pay up to $999.99 worth of bills per transaction without requiring you to upload identity documents or share personal information. Our Bitcoin privacy tools prevent unauthorized third parties from spying on your Bitcoin transactions and knowing that you are using Bitcoin to pay your bills.

No mention of Bitcoin will appear on your bill statements, and you don't have to tell your bank that you are using a Bitcoin exchange. This is important, as some banks restrict users from receiving funds from Bitcoin exchanges.

Bull Bitcoin is the only Canadian Bitcoin Exchange that accepts Lightning Network transactions for credit card payments. Our Bitcoin payment solutions are non-custodial, which means that you don't have to trust us to hold your Bitcoin on your behalf. You can pay directly from your own Bitcoin wallet! Our customer support team is always available to help you understand Bitcoin, help you complete your transactions and provide security advice.

This is a great way for businesses to accept Bitcoin payments to pay their business expenses.

How to send an e-transfer to anyone in Canada straight from your Bitcoin wallet

Imagine your landlord wants to receive an interac e-transfer for your monthly rent payment. You have Bitcoin in your wallet, and you don’t want to spend money from your bank account. In fact, maybe you don’t even have a bank account! And you don’t want to have to send Bitcoin to an exchange, sell the Bitcoin, withdraw dollars to your bank account, and then make a payment. This can be annoying and take a lot of time.

Here is how to do it with Bull Bitcoin

Step 1: enter the amount of dollars you want to send

Step 2: enter the recipient’s email address, and his name

Step 3: choose your Interac secret question and secret answer

Step 4: click “create sell bitcoin order”

Step 5: once you’ve created the sell Bitcoin order, you can add a message that the recipient will receive with the Interac e-transfer. This way, they can know what the payment was for.

Step 6: simply pay the Bitcoin invoice we display!
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How to pay a bill with Bitcoin in Canada straight from your Bitcoin Wallet

Step 1: enter the amount you want to send

Step 2: search Bull Bitcoin’s database of billers for the biller you are looking for. We have over 14,000 billers, so the one you are looking for is probably in our list. This includes electricity, gas, internet, phone bills, mortgage payments, tuition, taxes and more.

Step 3: add the account number associated with your bill. This will usually be located on the statement you have to pay. This is the same process as if you were paying it directly from your bank account.

Step 4: add a label to this biller, so you remember what that biller is. That way, you can manage multiple billers from your Bull Bitcoin account.

Step 5: click “create sell Bitcoin order”

Step 6: simply pay the Bitcoin invoice we display!

How to pay a credit card bill with Bitcoin in Canada straight from your Bitcoin Wallet

Step 1: enter the amount you want to send

Step 2: search Bull Bitcoin’s database to find your credit card issuer. Pro-tip: type “mastercard” or “visa” first and see if you find your credit card. If you have a VISA card at Scotia Bank, it will show up as “Visa - Scotia Bank”.

Step 3: type your credit card number.

Step 4: click “create sell Bitcoin order”

Step 5: simply pay the Bitcoin invoice we display!

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How to send a direct bank deposit to anyone’s bank account in Canada with Bitcoin

Step 1: enter the amount you want to send

Step 2: type the recipient’s bank account number (institution number, transit number and account number).

Step 3: click “create sell Bitcoin order”

Step 4: simply pay the Bitcoin invoice we display!

Example of an onchain invoice :

Example of a lightning invoice :
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