Learn more about Canada’s top banks rates, rules and the latest news – read on!
Latest News
Making sense of the markets this week: May 22 May 21st
Million Dollar Journey editor and Canadian Financial Summit founder Kyle Prevost shares financial headlines and offers context for Canadian investors.
All that glitters is not Crypto
“It’s going to replace the world’s currency for day-to-day transactions.” they said.
“The fees are.... More »
Canadians to see lower fees and simpler account transfers Nov 6th
Ottawa plans to make it easier for Canadians to move their banking and investment accounts in a bid to increase competition and reduce costs for consumers. The government said as part of Tuesday’s federal budget, it will move to eliminate investment and registered account transfer fees, which .... More »
Is bitcoin a good investment? A guide for Canadian investors Jul 28th
The dramatic rise and spectacular fall of bitcoin prices over the past few months grabbed front-page headlines across the world and touched off a social-media frenzy. Understandably, the crash rattled the crypto sphere. However, dyed-in-the-wool bitcoin bulls are quick to point out the volatility is.... More »
The best high-interest savings accounts in Canada for 2024 + MORE Nov 4th
Savings comparison tool
Find the best and most up-to-date savings rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated return based on the size of your balance.
Why trust us
MoneySense is an award-winning magazine, helping Canadians navigate mo.... More »
The best high-interest savings accounts in Canada for 2024 Nov 12th
Savings comparison tool
Find the best and most up-to-date savings rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated return based on the size of your balance.
Why trust us
MoneySense is an award-winning magazine, helping Canadians navigate mo.... More »
How to Buy and Sell Bitcoin and Other Cryptocurrency in Canada
– canadianfinanceblog.com
If you pay attention to investing news at all, it’s impossible not to notice the emergence of Bitcoin. This speculative currency has become enormously popular in Canada, with online exchanges and Bitcoin ATMs showing up just about everywhere. Still, there are many questions that need to be asked. What is Bitcoin, and how can I buy it? Is it even a good investment?
In this post, I’ll show you how to buy Bitcoin in Canada, and share my thoughts on whether or not you should place your hard-earned money in this speculative investment at all.
What is Bitcoin?
Bitcoin is a digital currency, also known as a cryptocurrency, that does not exist in a physical form.
You can’t hold bitcoin in your hand, as you would Canadian dollars. There are a number of reasons that cryptocurrencies like Bitcoin have become popular, the main one being that it’s very difficult for governments and central banks to regulate. The decentralization of cryptocurrency also provides a certain level of anonymity, which appeals to a lot of buyers…
In this post, I’ll show you how to buy Bitcoin in Canada, and share my thoughts on whether or not you should place your hard-earned money in this speculative investment at all.
What is Bitcoin?
Bitcoin is a digital currency, also known as a cryptocurrency, that does not exist in a physical form.
You can’t hold bitcoin in your hand, as you would Canadian dollars. There are a number of reasons that cryptocurrencies like Bitcoin have become popular, the main one being that it’s very difficult for governments and central banks to regulate. The decentralization of cryptocurrency also provides a certain level of anonymity, which appeals to a lot of buyers…
