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How to cut costs on international money transfers Jan 10th
While many Canadians know how expensive it can be to send money abroad, they’re likely unaware of how the costs are broken out. But one virtual bank is changing that.
EQ Bank has formed a partnership with TransferWise, a global money transfer platform that’s committed to being cheap, fast and tr.... More »
Hedging against inflation with dividend-paying stocks Apr 2nd
Dividend-paying stocks typically don’t get much attention, but that’s changing as investors look for ways to protect their wealth in the face of market turbulence and inflation. Investing in dividend-paying stocks is one proven way to both grow your portfolio and cushion it against loss. That’.... More »
Canada’s best travel credit cards 2022 May 25th
With a good travel credit card in your name, going on a trip can suddenly become more affordable (when you are ready to travel again, of course). And, you can get even more value if you sign up for the right travel credit card—one that doesn’t just focus on points, but also has perks such as lou.... More »
The best credit cards for airport lounge access in Canada for 2023 Nov 4th
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The best credit cards for airport lounge access in Canada for 2023
Searching for the perfect credit card? In under 60 seconds, CardFinder narrows down your top matches without impacting your credit score, no SIN required.
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Compare the best savings accounts in Canada for 2023 Jan 28th
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The best savings accounts in Canada for 2023
Here are the best accounts to hold your savings.
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Scan the savings account comparison table above to view interest rates offered by financial institu.... 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…