As the world's first virtual currency gaining wide acceptance among common people, merchants and investors, you want to know what is all about how to buy and trade bitcoin in Canada right now. Just like the US dollar, the Canadian dollar has had its ups and downs over the past year or so. As the Canadian dollar has dropped over the past few months, a lot of people have lost confidence in the currency. On top of that, the Canadian government introduced new regulations on March 15th that could further affect the way we use our currency going forward. In this brief 5-minute and 5-second guide on how to buy and trade bitcoins in Canada, you will discover the ins and outs of this highly volatile market.
The most popular way to Buy bitcoin in Canada is by doing an electronic transaction known as an e-transfer. Several companies in Canada allow you to do this, but a couple of the more popular options are Coins Managers and Wirex. With either one of these e-transfer services, you will be able to convert your current funds into US dollars. This allows traders like you to leverage the price difference in the two currencies. With leverage, you can trade more of the currency you own against less of it, thus increasing your potential return on investment (ROI).
Another way you can buy bitcoins in Canada is through the purchase of litecoin or thorium. Both of these digital currencies are similar to e bitcoin but they are two separate programs. When you buy litecoin or thorium in Canada, you will receive either US dollars or Canadian dollars. This is an easy and secure way to convert your current funds because both the service and the currency itself are based in the United States.
Most investors don't want to hold both currencies, but for smaller investments that you make weekly or monthly, it would be better for you to hold one of these currencies. In the past, the best way to buy bitcoins in Canada was to trade in the US market. However, with the recent changes to the Bank of Canada's interest rates, most traders are now focusing on the new litecoin and thorium markets. These are two of the fastest-growing cryptosurfs in the world, and they have both gained in popularity recently. Even though the CAD or Canadian Dollar is not as strong as it was before, it is still worth considering if you want to make a quick profit from selling some assets on the market.
Fortunately, there is another option besides trading in the US market: You can invest in the new crowdfunding project, called Canada Hacknuts. This online platform for investors offers you the ability to buy and trade thorium and litecoin with real cash. Because this new online platform for Canadian traders eliminates the need for brokerages, you can get involved without having to pay large fees. Unlike the US marketplace, however, it is recommended that you use a trading account with a reputable broker to make an effective investment. If you are new to the world of cryptosurfs, then you will likely find this platform easier to navigate than the current marketplace, due to the advanced tools that are provided for you to manage your investments. There are several advantages to investing in the new online Canadian marketplace, including the fact that you have a wide array of investment options that are available to you. Esure that you take a look at this tips on how to buy bitcoin in canada now.
The next time that you are considering buying cryptosurfers, consider either buying bitcoins in Canada or investing in the new thorium and litecoin exchanges. Both of these options have significant advantages over trading in the US market, and if you take a moment to consider how much more profitable these two investments are compared to trading in the US stock exchange, you will likely decide that the Canadian marketplace is the smarter choice. Even if you are not planning to start investing in Canada-based assets, you should still visit the new and popular exchanges to get a feel for the different features that are offered by their platform. If you have been looking for a place to invest in the world of digital currencies but are unsure which one is best for you, consider purchasing some bitcoins at the current value and wait for the price to rise as well as the functionality of the exchange platform. This could be just the ticket that you are looking for to jump into the world of digital currencies. Check out this post for more details related to this article: https://en.wikipedia.org/wiki/Bitcoin.
