7 Best Options for Buying Bitcoin in Canada (2020 Updated)
Buy Bitcoin Canada The best way to buy Bitcoin in Canada
NiceHash - buy & sell hashing power
NiceHash offers you to buy or sell hashing power directly, no contracts, no limitations, pay-as-you-go if you're a buyer and be-paid-as-you-go if you're a seller. Why bother renting rigs, when you can rent hashing power? NiceHash brings more to renters and rig owners. Visit https://www.nicehash.com today! Simply create order and you are already mining your favorite coin or point your rig to our stratum server and you are already earning bitcoins.
Where to buy Bitcoins Canada, quickly, without verification?
I am looking to purchase approximately 2.5 bitcoins and am looking for the most painless way to do it. Would ideally like to get my bitcoins today for my purchase, so the verification process that may take days is something I would like to avoid. Any help is appreciated!
So where I live (Canada) you cannot buy bitcoin if you are under 18, I tried coinbase, blockchain and I searched all around and can’t find a safe secure wallet for buying under 18. Does anyone know a wallet to buy,sell and deposit and withdraw bitcoin underaged in Canada? 🇨🇦🇨🇦🇨🇦
05-05 00:24 - 'Just do $1 a day. If you by chance live in Canada, I've got a few recommendations on some trustworthy, secure, and easy to use, platforms where you can buy crypto within minutes that won't price gouge you. / There ar...' by /u/Crypto4Canadians removed from /r/Bitcoin within 421-431min
''' Just do $1 a day. If you by chance live in Canada, I've got a few recommendations on some trustworthy, secure, and easy to use, platforms where you can buy crypto within minutes that won't price gouge you. There are only three sites that I personally trust to buy (and sell) crypto in Canada (Coinberry, Newton, and Shakepay). All three websites have their pros and cons but I’ve never had a problem with any of them and I’ve been using them for a long time. I’ve actually made a video on each site if you’re interested in learning more about them or how you can safely and easily buy crypto within minutes (on your phone too). I’ve also created a comparison video showing the differences among all three sites. The spreadsheet used in the video has also been updated so check the link below to see the updated differences. If you are interested in signing up with any of the websites, be sure to get yourself the signup bonus ($25 with Newton, $20 with Coinberry and $10 with Shakepay) by using the links in the videos. Comparison of all 3: [[link]6 Updated spreadsheet of comparison: [[link]7 Coinberry: [[link]8 Newton: [[link]9 Shakepay: [[link]10 ''' Context Link Go1dfish undelete link unreddit undelete link Author: Crypto4Canadians 1: *outu.be*y0CWj**6*Cc 2: *oc*.go*gle.***/document/d/1Bek8*C*hb*Zc*gUGdkH***UU5SF0Xk*O***VvdHbFew/**i*?*sp=s*aring 3: yout*.be*7FyZ*v*t2d* 4: y***u.*e/503zOWw*c2I 5: yo*tu.*e/mZh2Xv4**W* 6: **u*u*be/y0CW*Xh6\_C*]^^1 7: *ocs*goog*e.c**/*o**ment/d/1*e*8cCn*bUZcZ*UGdkHms2U*5SF*Xk*Od*dVv*HbFew/e*i*?usp*sharing**^* 8: youtu.*e/7F**Jv*t2dI]**3 9: yo*tu*be/503zOWw**2I*^^* 10: you*u.be/m***Xv4jRWM*^^* Unknown links are censored to prevent spreading illicit content.
Where can I buy a gaming laptop sent to Canada with bitcoin?
Newegg.ca doesn't accept BTC anymore, I verified on purse.io and my limit is like $200 dollars is there any were trust able I can buy a gaming laptop? Trying to buy shit with bitcoin is a lot harder than I thought it was going to be.
Gemini is the platform where investors can buy Bitcoin (BTC) and Ether (ETH) using US dollars or just trade between BTC and ETH. It has begun operations in Canada and U.K. Here is the guide for Beginners to help them start trading on GEMINI.
I'm looking to buy my first chunk of bitcoin but I'm not sure where to do so and through which site, I also live in Canada so I know the options are a little more limited. I already have the Bitbox02 hardware wallet
Please read the entire post before posting a new thread, or messaging a vendor.
NO ACTIVE SPORES WILL BE SHIPPED TO CA, GA, or ID IF YOU ASK YOU WILL BE BANNED General Rule! Spores of the Cubensis (or any "active" species) are for MICROSCOPE USE ONLY. Microscopy is the study of spores under the microscope, where you can study their unique features. If you discuss cultivation of active species your post will be deleted and you WILL be temporarily/permanently banned from sporetraders and sporeswap !!
Contents of this post:
List of Vendors
How to message a vendor
Leaving a review
PLEASE BE CAUTIOUS OF NEW VENDORS! AS SOON AS YOU CLICK ON THE VENDORS PROFILE CHECK THE AGE OF THEIR ACCOUNT AND POST/COMMENT HISTORY. ---------------------------------------------------
SF - Ships from ST - Ships to ____________________________
Click on any of the vendors names above, which will take you to their most recent product listings. They'll usually have a detailed list of products as well as the country/countries they ship to.
Once you see something that catches your eye, this is when you need to message them.
How to message on a mobile
On the Vendors reddit page, there will be 3 little dots on the top right hand corner of your screen.
Click those three dots, and a dialogue box will pop up.
Click on start chat.
How to message on a Desktop
On the vendors reddit page, look on the extreme right hand side of the page. Under the Vendors profile picture there will be 2 buttons: "Follow" and "Chat".
Hit Chat, and a Pop up box will appear on the bottom right hand corner of you screen.
Composition of your message to the vendor
What product you would like e.g. "Good-Morning, squire. I would like to buy 3 Golden oyster spore prints"
Addressee's Name Street Address or P.O. Box number City or Town Country 3) Your method of payment, e.g. Paypal, Venmo, Cashapp, Credit Card, BitCoin (for those vendors that accept them) In my experience vendors are more than happy to answer your questions/doubts. Please DO NOT ask any questions regarding cultivation. Leaving Feedback It really helps the Vendors as well as potential buyers out!
Notes: My samples arrived in less than two weeks! Samples were exactly what I expected. They were labelled and everything was very professional! Vendors who have achieved trusted vendors status, please direct message me, and i'll be more than happy to add you to the list. If you'd like a notation added regarding the country/countries you ship from please send me a direct message. If you are a new vendor, please do not message me or the other mods. Only other mods can request me to add new vendors to the list. This is only to prevent scamming.
Advice About Bitcoin Transaction Fees (In anticipation of high fees for the next bullrun)
Hi guys, this is my first post here! Thanks for having me, I interact a lot on Bitcoin and crypto groups on Facebook but I wanted to find new Bitcoin folks and discussions here! The other day I saw someone complaining about the wait time for a Bitcoin transaction so I wrote a few pieces of advice in regards to Bitcoin transaction fees. I hope this can be useful for some of you! Here it is: For those worried about Bitcoin's high transaction fees and transaction wait times right now, you should brace yourself for the upcoming TRUE Bitcoin Bullrun. Remember that in 2017, at the peak of the bubble, the average transaction fee was up to $ 50 per transaction and some people even paid $ 1000 for single transactions. This is sure to repeat itself at an unprecedented level as I believe this time around an even bigger wave of people will be buying Bitcoin. Not only investors like you and me, but also big companies who will buy in tens and hundreds of millions. Here are some tips to mitigate the impact of transaction fees on your use of Bitcoin.
1. Learn How to Use the Mempool.
The mempool is the space where valid Bitcoin transactions are stored while waiting to be included in a validated Bitcoin block. Obviously, miners will select transactions with higher transaction fees to fill up a valid block. I recommend this mempool explorer which visually represents how full the mempool is and will indicate to you how many satoshi /vbyte you need to apply on your transaction in order for it to be included in your desired timeframe. Fee estimators in wallets are not ideal and ultimately none of them has found the perfect recipe for proper fee estimation. Selecting the transaction fee manually by consulting the mempool remains the best option to select the fee. A few tips:
Evenings and weekends are generally less busy from a transactional standpoint, so this is a good time to save on fees.
If you're not in a rush, include a really low fee, it will be included at some point.
2. Use wallets that support Segwit and RBF (Replace by Fee)
Segwit is an improvement made to Bitcoin in 2017 that redefined the way transactions take space in a block. Just by using a Bitcoin wallet that supports it, you will save between 20-60% in fees depending on the complexity of the transaction. RBF is a function in wallets that allows you to modify the transaction fees associated with a transaction following its broadcast on the Bitcoin network. So, if your transaction does not go through quickly enough for your liking, you can increase the fee later. To find out which Bitcoin software wallet supports both features, you can consult this comparison table from Veriphi where they list several dozen wallets here. Fun fact: Veriphi also made a case study to find out how many fees could have been saved by Bitcoin users if they had used SEGWIT and the Batching technique in the cases where they apply.
Between 2012 and August 2020, more than 57,817 .69 BITCOINS would have been saved in transaction costs, or approximately 1 billion Canadian Dollars in transaction fees. For those who are interested in the results, check it out more in detail here.
3. Do not leave your coins on a platform (Bonus: Use a immediate delivery platform)
Custodial exchanges often block Bitcoin withdrawals during high transaction volume episodes because they do not want to pay their user's Bitcoin transaction fees. If they don't block it they will often make their user overpay for the transactions fees. This has happened in the PAST and even quite recently, so if you want to avoid a lot of the frustration and stress when the Bullrun comes, remove your coins from there before it is too late, preferably right now. Some non-custodial platform in Canada: veriphi.io Bullbitcoin.com I strongly anticipate the increase in transaction fees. Watch out for platforms that haven't implemented transaction optimization techniques yet, they will have the hardest time sending transactions. Check out this article about the advantages of an immediate delivery platform here.
High Bitcoin transaction fees are inevitable in Bitcoin and even desired because they will one day have to replace the block rewards. This is a demonstration that Bitcoin works and that the world is using it. By adopting the best practices and the right technologies, you will be able to mitigate your costs and accumulate more Bitcoin in the end. *Disclaimer: I work at Veriphi.io but didn't want to be too pushy, I hope you appreciate the tips and the provided resources. Cheers
I thought WS Crypto might be an easy way to invest in Bitcoin without having to worry about security. But now that I've tried it, I suggest -- don't bother. Here's my experience:
I had to create a new WealthSimple Trade account, and add my bank accounts again, because the Trade platform is not linked to WealthSimple Invest in any way (if you are already an existing Invest customer).
Must download Android/iPhone app, because you can't use WealthSimple Trade in browser.
You need to create a WS Crypto account. This is a process of checking "I agree" to 10+ warnings that your Bitcoin may disappear, because WealthSimple does not have faith in the Cold Storage service that is being used to hold your crypto, and they want to clear themselves of all legal responsibility if your crypto should go missing.
Deposit funds: you must wait 5 business days before you can start trading! Even thought your bank account is already withdrawn after the first day.
Buying Bitcoin: there is a 1.7% spread from market price (so on CA$1000, that's a CA$17 fee).
To buy Bitcoin, you need to accept more legal disclaimers that WS is not responsible for any loses.
Selling Bitcoin: there is a 2.2% spread from market price (so on CA$1000, that's a $22 fee).
Withdrawing: wait 2 to 5 business days for the funds to appear in your bank account.
So you're looking at a long wait and a ~4% fee on a trade. While I waited 5 days for my funds to clear, I missed the 8% growth last week re: PayPal news. So if you're in Canada, here's what I've been using instead:
Order a Trezor: now only EUR 59 (about CA$93). Make sure it's from Trezor website, because otherwise it could have compromised security.
Sign up at https://coinsquare.com and go through the Identification process. It takes a little bit of time, but once you're identified, everything else is fast.
Fund CoinSquare account: my Interac E-Transfers clear within 12-24 hours now, much faster than WS Trade. Right now, E-Transfer funding is free until Nov. 2, they have these promos every few months so take advantage of them (usually it's a 1.5% e-transfer fee).
Buying Bitcoin: the fee is only 0.1 - 0.2%, way lower than WS Crypto. The rates seem to be reflective of the market price, they're not inflated. You can also set your own rate and wait, unlike WS Crypto which only offers a fixed rate.
Storage: when your order is complete, transfer your crypto to your Trezor. Bitcoin withdraw fee is 0.0005 BTC (about CA$8.50). DO NOT leave your crypto on the exchange for a long period, because if you return in a few weeks/months, the exchange may no longer be solvent (although, CoinSquare is the most professional option in Canada so far).
Sell & Withdraw: CoinSquare charges a 2% withdraw fee on direct deposit. But you can always sell your Bitcoin somewhere else instead -- in person, at a Bitcoin ATM, on another exchange, or altogether just use it to shop online. So because you control your crypto, there is no requirement to use this sell feature (unlike WS Crypto, where your custodian won't let you take the Bitcoin elsewhere, and you are forced to eat their sell fee).
How to Buy Bitcoin in Canada ️ Canada Regulated Platforms ️Low Spreads ️High Leverage ️Advanced Trading Tools ️Paypal, Credit and Debit Card The best way to buy Bitcoin and other cryptocurrencies in Canada is through an exchange such as Coinbase, Bitbuy, Kraken, Shakepay and Coinberry. There are a plethora of options available, so it is best to look at each of the exchanges’ processes for deposits and withdrawals, fees, and transaction speeds to determine which is best for you. Our editorial team has ranked and reviewed the Coinbase is probably one of the most popular and well-known exchanges in the world. It allows Canadian residents to buy Bitcoin using their debit card. Unfortunately, Coinbase does not support Canadian bank transfers (), and most credit card companies do now allow credit card cryptocurrency purchases.This leaves debit cards as your only option in Canada. Buy Bitcoin online in Canada Instantly with Interac e-Transfer, Credit, Debit, Flexepin vouchers or Bank Wire. Best rate for BTC with Canadian verification. 1. Is Bitcoin legal in Canada? While digital currencies aren’t officially recognized as money, Bitcoin is legal in Canada. According to the Government of Canada website, tax rules do apply to digital currency transactions, and cryptocurrencies such as Bitcoin are subject to the Income Tax Act.. Canadian residents are therefore free to buy, sell, and trade Bitcoin, which is regulated under ...
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