Friday, December 8, 2017

Where to buy Bitcoin or other cryptocurrencies in Canada

Since this is one of the biggest searches currently going on in the investment world, I thought to make it easy for my readers to decide where to buy Bitcoin and other Crypto Currencies in Canada.

But, just before you jump into buying bitcoins and all other cryptocurrencies (also knows as alt coins), I have few pieces of advice I would like to share from a personal finance and investment perspective:


  • Make sure you have read through at least 5-10 different articles around what Blockchain (the technology behind all these cryptos) is. What is the vision and goal behind creating this technology.
  • Make sure you have been following price charts for the currency you are looking to invest in.
  • Understand those price charts and invest at the dips; not when everyone is buying and price is soaring like crazy.
  • Invest with smaller amounts, and, as you understand more, start increasing your investment value
Now, to get to the most important point of this post, here are a couple of good options to get started with:

Coinbase (< click the link): Coinbase is a perfect place for beginners to start, the fees are a little high, but they have convenient funding options and you can fund your accounts even using Credit Cards. On Coinbase you can buy BTC, ETH, and LTC.

Update: There are many other ways Coinbase has introduced for you to earn crypto for free. Join using the Coinbase Link and start earning.

Coinsquare (<click the link): Coinsquare is a Canadian base exchange where you can buy Bitcoin and many other crypto and fiat currencies. They also have convenient funding options e.g. Interac Online, Wire etc. Their fees are also in the mid to high range, but this is a good place once you have bought bitcoins (or other crypto currencies, for that matter) to sell among other users. Their volume is low, though.

Again, make sure to invest wise and invest with extra money!

Good luck!

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