We look at blocks, mining and forks three of the concepts that are at the very base of cryptocurrency. By the end of this article, you’ll know enough to understand these concepts how blockchain tech and crypto works, and maybe even enough to start mining
In this article we’ll discuss some of the pros and cons associated with the current state of the global remittances industry, the companies looking to take a bite out of this rapidly growing market and what it all means for investors in crypto assets.
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.
Many comparisons have been made between Bitcoin and Gold in the last couple of years, as investors have tried to understand how to price-in the future value of digital assets that have little to no track record. We go in depth to compare Bitcoin and Gold for investors.
As Bitcoin prices climb, we take a look at three psychological factors that are affecting investors. Why have investors, especially those with deep pockets, stayed out of virtual currencies? What do the 2013 and 2017 price explosions tell us about the psychology of traders and investors?
Litecoin wallets are secure places to store litecoin if you want to move your cryptocurrency off of electronic/ online exchanges. Bitbuy.ca reviews some of the best options out there, and the pros and cons of litecoin wallets
When a hacker manages to gain control of a cryptocurrency mining network, they have the ability to reverse transactions, print new currency for themselves, and more. How they gain control of a network varies – but is becoming increasingly common, and easy, with GPU systems that can be rente...
Whether it’s getting access to larger returns, or getting your hands on early-stage technology, there are lots of reasons to join an ICO. Here’s how to join an ICO, buy tokens, and keep yourself protected from scams and theft.
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:
It all started August 18, 2008. That’s when the domain Bitcoin.org became registered. Then, in October of that year, the website featured a link to a “whitepaper” authored by a mysterious man named Satoshi Nakamoto called “Bitcoin: Peer-to- Peer Electronic Cash system.” The Bitcoin network didn’t...
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).