Bitbuy announces partnership with Knox, creating first 1:1 insured Bitcoin platform Bitbuy has entered into a partnership with Knox, an institutional Bitcoin custody provider with a comprehensive insurance policy. The partnership, which allows Bitbuy users to store their bitcoin holdings in an offline vault with insurance up to the full value of the holdings, marks […]
Crypto Taxes in Canada: A Guide It’s everyones favourite time of the year! Tax season! Bitbuy gets a lot of questions about how cryptocurrency gains or losses are taxed, and we’ve published this updated 2020 tax guide to help you out. This is a big update from our previous tax guide from 2018, as some […]
Founded in 2012, Coinbase.com quickly rose in popularity among cryptocurrency enthusiasts thanks to the fact the website allows investors to purchase cryptocurrency instantly using a credit card. Seven years later, many are seeking out a Coinbase alternative. The reason for this is although Coinbase is great, it often doesn’t have all of it’s features available […]
Keeping your cryptocurrency experience safe and secure is extremely important to us here at Bitbuy. Cryptocurrency is a powerful and unique asset and currency, but because of crypto’s unique properties, you need to be extremely careful to avoid scams and phishing attempts. Here are 10 tips to keep you safe on Bitbuy, and elsewhere.
Since its introduction over a decade ago, bitcoin has become a household name around the globe. Even today, this popular cryptocurrency continues to generate headlines, driving a growing awareness of the digital asset class. Although there are now thousands of altcoins in circulation, bitcoin accounts for more than two-thirds of total market cap. However, for […]
Intro to Monero Monero, originally called BitMonero, is an open-source cryptocurrency that focuses on fungibility, privacy and decentralization. Created in 2014, Monero has been dubbed the ultimate privacy token because it uses an obfuscarted public ledger. This means that no outside observer can see the source, total amount or destination of any transaction on the […]
Dear Bitbuy user, In response to several customer questions, we wanted to reach out to you and let you know our plan for operations during the ongoing COVID-19 situation. Bitbuy will not be closing, even if there is a local or national restriction on non-essential businesses operating. We have long had a contingency plan in […]
The Third Bitcoin Halving Event: What Does It Mean for the Future? The next Bitcoin halving event is coming up in May. With so much uncertainty surrounding financial markets thanks to the COVID-19 epidemic and the supply of Bitcoin about to cut down to 6.25 bitcoins per block, there is arguably no time more interesting […]
***WARNING**** Please ensure you understand the following before funding your Bitbuy account: Bitbuy is NOT affiliated with any third-party investment platforms or investment brokers/advisors, such as forex brokers, binary options traders, bot trading platforms, cloud mining etc. Bitbuy will NEVER call, text, or email you offering investment advice, and is not affiliated with any companies […]
There are distinct advantages for Canadian citizens when buying from a Canadian exchange. Some of the advantages include lower rates, more deposit and withdrawal methods, and transacting in your local currency which will avoid high currency exchange fees.
We’re excited to release our first report on OTC cryptocurrency trading.
We examine the different types of OTC models, global OTC trading volume, and highlight the major players globally and locally.
Intro Last week, on Wednesday July 10th, 2019, the Financial Transaction and Reports Analysis Centre of Canada (“FINTRAC”) published the long awaited final version of amendments to the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (“PCMLTFA”) in the Canada Gazette. The new regulations form part of a larger legislative initiative to strengthen Canada’s […]
Intro to Bitcoin vs. Litecoin In this post, we’re going to take a look at Bitcoin vs. Litecoin. While both compete against each other for investor dollars, Bitcoin and Litecoin act as catalysts too. The two projects are driving innovation within the cryptocurrency space and the blockchain industry at large, allowing the world’s most devout […]
How To Sell Bitcoin & Altcoins in Canada Looking for a place to sell Bitcoin or other crypto for Canadian cash? In this guide we’ll break down how to sell bitcoin & altcoins in Canada, the do’s and don’ts, and how to get cash in your hand the safest way possible. Why Sell Bitcoin & […]
Intro To Bitcoin vs. Ethereum Today, we are going to look at Bitcoin vs. Ethereum, comparing the two most popular cryptocurrencies of all time. At the time of this writing, there are over 2,200 cryptocurrencies available on the open market. The collective worth of these currencies is over $336 billion CAD. Bitcoin (BTC) gave birth to […]
Intro to the Bitbuy Mobile App The Bitbuy mobile app is finally here! You can now buy, sell, trade, deposit and withdraw crypto right on your phone in a seamless native experience. We’re excited to have released the app on iOS and will have it released for Android in the coming days. Let’s take a […]
Have you ever been called a crypto noob, newbie or worse…….n00b? It’s okay, everyone’s a noob at something. There are no dumb questions when it comes to the complicated world of cryptocurrency and here at Bitbuy we want to make that clear. That’s why we had our relatively n00b intern compile 20 of his noobiest […]
The Best Cryptocurrency Apps In the latest article on Bitbuy resources, we take a look at all of the top cryptocurrency apps currently available. From covering the most recent news and updates in the industry, to the best trading apps and crypto-based games, we break them all down in our newest guide. Covering all […]
Introduction To OTC Bitcoin Trading OTC or Over-the-counter trading is an alternative to manually trading on an exchange interface, where a buyer and a seller transact a large amount of an asset. A price is agreed upon between buyer and seller which can be below, at par, or above market price depending on the asset, […]
Bitcoin’s first transaction occurred in January 2009 and ever since that time, it’s done nothing but endure several dips in the stock market, many changes impacting world governments both big and small, and a slew of detractors who constantly pronounce Bitcoin dead while extolling the virtues of more traditional central authority-style currencies and policies. Here […]
If you have signed up to use our platform (bitbuy.ca) to buy digital assets, otherwise known as cryptocurrencies, then you are familiar with the verification process we ask each user to complete. (If you have not yet registered with us, please click here to do so).
What do Canadians need to know about Bitcoin (and all digital currency) taxes? Bitbuy.ca spoke with Kathryn Walker, a lawyer at Thorsteinssons Tax Lawyers in Toronto about digital currency and tax obligations. Read the major takeaways with full explanations here: