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@cryptoforcanadians

Joined 1 June 2020 · 10 posts

Educating Canadians, and others, about crypto

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@cryptoforcanadians Trading & the market

When Should I Buy? If you're new to the crypto space you may have wondered when a good time to buy is. Or perhaps you've already made the rookie mistake of FOMO (short for fear of missing out) buying when the coins are "going to the moon" but only to have the bags dumped on you. If you've ever experienced either, you're not alone. I've definitely experienced both when I first started out in the crypto space in early 2017. It wasn't until I had gotten burned that I decided to…

@cryptoforcanadians Staying safe online

The BEST Way To Secure Your Crypto In one of my previous posts, I talked about the importance of decentralized platforms. I wrote about this more so because I wanted to stress the importance of having full control over one's coins. By leaving your coins on centralized platforms such as exchanges, you're putting yourself at risk as you are *hoping* that the platform will honour their financial obligation to you. Just because you have some numbers to your crypto holdings in…

@cryptoforcanadians Other coins

CryptoTab - Another Crypto Browser and My Experience Pretty much everyone knows about the Brave browser and how you can earn BAT tokens just from receiving notifications of advertisements while browsing the web. When looking through Publish0X’s site, you can see that there are numerous articles posted weekly pertaining to the Brave browser. These articles vary from an explanation of how the Brave browser works to articles on hacks you can use to can get more BAT tokens to…

@cryptoforcanadians Trading & the market

Bitcoin Price Models From time to time you'll get people in the crypto space making wild and unfathomable Bitcoin price predictions. Probably the most notable and outrageous price prediction was made by John McAfee who said that Bitcoin's price would be worth $1,000,000/coin by the end of 2020 back in November 2017. Not only did he make this call, but he also said that he'd put his "manhood" on the line. You can check out the tweet here. Talk about a ballsy move (pun…

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@cryptoforcanadians Trading & the market

The BEST Way To Trade Crypto in Canada Lately more and more people have been contacting or asking me how to get into trading or how I personally trade. I suppose that's because of COVID-19 as people are looking at different ways to fill their time now that we've all got more of it. Either that or they're looking for ways to earn a side income, or perhaps both. I guess that with cryptocurrencies, trading is something to take an interest in as it's possible to make money in,…

@cryptoforcanadians Trading & the market

How To Buy Stablecoins in Canada If you're Canadian, then you know just how difficult it can be to find a ***solid*** crypto exchange in Canada. The exchanges in Canada all lack a lot of things or features that good exchanges have. Some of these include lots of volume, low trading fees, and a small percentage spread between the bid and ask price *at a minimum*. Not to also mention, ***TRUSTWORTHY***; no one wants to see another potential exit scam like they did with…

@cryptoforcanadians Crypto scams & rug pulls

Top 5 Crypto Scams As we all know that crypto transactions can't be reversed and that it can be near impossible to track or trace where the crypto ends up, this results in a lot of bad characters joining the space to scam unsuspecting, innocent, and naive people out of their *hard earned money*. Although this post is intended for those who are just getting started in the crypto space it's still be a good reminder to those who have been around for a while as well. I'll be…

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@cryptoforcanadians Other coins

How to Buy Crypto in Canada For people who are just starting out in the crypto space, a couple of the most commonly asked questions that I see are, "How do I get started?" and, "How do I buy crypto?" These can be tough questions to answer as each country has their own "best" platform where you can buy from, and this is also the case in Canada. In fact, there are well over ***a dozen*** places, platforms, websites, and or exchanges where you can buy crypto in Canada. I would…

@cryptoforcanadians Other coins

How To Buy Bitcoin In The Stock Market - The Bitcoin Fund Have you ever wished that you could buy Bitcoin in the traditional investment world, i.e. the stock market? Well, now you can. On April 9th this year, a fund called, “The Bitcoin Fund” (Ticker: QBTC.U), which was created by 3iQ, listed on the Toronto Stock Exchange (TSX). Essentially the way that this fund works is that 3iQ buys Bitcoin, and then gives it to Cidel Trust Company and Gemini Trust Company for…

@cryptoforcanadians How crypto works

When Will My Bitcoin Transaction Get Confirmed and How Much Should I Pay In Miner Fees? Before I can answer the questions of "When will my bitcoin transaction get confirmed?" and "How much in fees should I pay?" we first need to understand how the fees work when sending Bitcoin. So the way that Bitcoin works when you want to send some is that you need to include a miner fee. Now this miner fee should depend on how quickly you want this transaction to go through. Think of it…

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