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 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 […]
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 […]
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.
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 […]
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.
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 […]
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 […]
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 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 […]
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 […]
Bitcoin (BTC/USD) continued the downtrend last week, before finding support in the early hours of 11 September at $9 855 ($13 064 CAD) and the 0.618 Fibonacci retracement level of the prior impulse wave from $9 320 to $10 949 ($12 355 – $14 514 CAD) on the daily chart. BTC has since found itself […]
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 […]
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 […]
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).
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.
This brings us to our next chapter and we couldn’t be more excited to announce the launch of Bitbuy Pro in the new year! This platform hasn’t been designed only for our existing users but for the next generation of cryptocurrency traders that deserve the best technologies in order to execute on their trading strategies.
Bitcoin (BTC/USD) has had a tumultuous week, first breaking below the $9500 / $9600 ($12 569 / $12 702 CAD) trendline support of the corrective phase, then breaking down from the critical $9 386 ($12 419 CAD) triangle support, which then became the catalyst for bitcoin to descend into free-fall mode, losing both the 200-day […]
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, […]