Intro To The Best Place To Buy Bitcoin Think back to December 16th, 2017. It’s the holiday season and your family is sitting around the dinner table talking about the best place to buy Bitcoin. Everyone knows about it, not just you. Your nieces and nephews, your aunts and uncles, your parents. Even your grandparents […]
Intro to Bitcoin vs. Monero In this post we are going to compare Bitcoin vs. Monero. Both projects promise users the ability to exchange value anonymously using a decentralized database that records transactions on a public ledger making it difficult if not impossible to create fraudulent transactions or manipulate their respective blockchains in any way, […]
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 […]
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, […]
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 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 […]
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 […]
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.
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 rented by the hour. We look at majority attacks (51% attacks) and some of the biggest majority attacks in cryptocurrency history.
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 go online until January 2009, when Nakamoto mined the first block of bitcoins in existence.
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).