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 […]
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 […]
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.
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 […]
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 […]
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 […]
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 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 […]
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.
Click here to access Part I of this series. ICO’s – A New Way To Raise With blockchain radically transforming the way in which the world conceptualizes transactions of value, various sectors have focused heavily on the research and development of blockchain-based solutions. In particular, crypto’s fundamental capability to circumvent the double-spend issue of digital […]
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 […]
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.
Intro From a legislator’s perspective, the rapid growth of digital assets over the last few years has shaken up the financial regulatory landscape and triggered a call to action in many jurisdictions. As with any new technology, Bitcoin brought forth challenges in determining how to reconcile cryptocurrency within a legal paradigm contemplated for a […]
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, […]
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:
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).
Intro To How To Buy Stellar (XLM) In Canada If you want to know how to buy Stellar in Canada, you’re in the right place. Of all the altcoins currently trading on the open market, Stellar is easily one of the more exciting projects investors and enthusiasts alike are looking at. Stellar essentially aims to […]
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 […]
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 Cryptocurrency is an incredible and powerful new innovation that is poised to change the world. However, we are still in the early days of crypto, and unfortunately scammers are preying on individuals who don’t fully understand the technology. We’ve updated our guide to help you steer clear of the most common scams. This is […]
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.
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 […]