11 Exchanges to Buy Bitcoin in Canada (2020 Updated)

CryptoCurrency Trading

CryptoCurrencyTrading is a place for the open discussion on all subjects related to trading all cryptocurrencies and altcoins.
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CoinberryHQ

Official Community Forum of Coinberry, Toronto's FINTRAC-registered crypto trading platform.
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National Digital Asset Exchange

National Digital Asset Exchange (NDAX) is a Canadian-based digital asset exchange designed for both individuals and institutions. Built on institutional-grade infrastructure, NDAX is Canada’s most advanced cryptocurrency trading platform that offers the largest portfolio of digital currencies in the country. NDAX has secured a segregated bank account making cryptocurrency trading fast, simple and secure for all Canadians.
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Royal Bank of Canada exploring Cryptocurrency Trading Platform - this is huge if true.

Royal Bank of Canada exploring Cryptocurrency Trading Platform - this is huge if true. submitted by thebitcointroy to Bitcoin [link] [comments]

Royal Bank of Canada Embraces Cryptocurrency with Potential Trading Platform

Royal Bank of Canada Embraces Cryptocurrency with Potential Trading Platform submitted by Ichi_MokuM to CryptoMarkets [link] [comments]

Royal Bank of Canada Embraces Cryptocurrency with Potential Trading Platform

Royal Bank of Canada Embraces Cryptocurrency with Potential Trading Platform submitted by Ichi_MokuM to BitcoinCA [link] [comments]

Canada's largest bank will launch a platform for cryptocurrency trading

Canada's largest bank will launch a platform for cryptocurrency trading submitted by TheBudGod to Bitcoin [link] [comments]

Royal Bank of Canada Embraces Cryptocurrency with Potential Trading Platform

Royal Bank of Canada Embraces Cryptocurrency with Potential Trading Platform submitted by Ichi_MokuM to CryptoCurrencies [link] [comments]

Royal Bank of Canada Embraces Cryptocurrency with Potential Trading Platform

Royal Bank of Canada Embraces Cryptocurrency with Potential Trading Platform submitted by Ichi_MokuM to Crypto_Currency_News [link] [comments]

Royal Bank of Canada launching new cryptocurrency trading platform: Report

Royal Bank of Canada launching new cryptocurrency trading platform: Report submitted by n4bb to CoinPath [link] [comments]

Canada's largest bank to launch a cryptocurrency trading platform

Canada's largest bank to launch a cryptocurrency trading platform
Royal Bank of Canada (RBC) will launch a platform for trading bitcoin and other cryptocurrencies. The bank manages $ 499 billion of assets.
https://preview.redd.it/df5tih4w0hy31.png?width=900&format=png&auto=webp&s=1a7982011dcabeda0fde294dacd782fc636d0309
The Bank has filed for patent applications in Canada and the United States for solutions to integrate cryptocurrencies into its operations. It is assumed that RBC will also be able to open accounts for storing cryptocurrencies.
One of the patents says that for individual users managing cryptographic keys and conducting operations with various crypto assets can be a problem. In some situations, it may take some time to confirm transactions with crypto assets and/or they may be incompatible or not supported by trading systems.
The bank refused to comment on the rumors and noted that applications are constantly being submitted to protect ideas and concepts.
This material is considered a marketing communication and does not contain, and should not be construed as containing, investment advice or an investment recommendation or, an offer of or solicitation for any transactions in financial instruments.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81.65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Legal Information: ITRADER is operated by Hoch Capital Ltd., a Cypriot Investment Firm (CIF), authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) under the license no. 198/13, in accordance with the Markets in Financial Instruments Directive (MiFID II).
submitted by Itrader_com to u/Itrader_com [link] [comments]

Royal Bank Of Canada Launching New Cryptocurrency Trading Platform

Royal Bank Of Canada Launching New Cryptocurrency Trading Platform submitted by coinsfera to Coinsfera [link] [comments]

Royal Bank of Canada Embraces Cryptocurrency with Potential Trading Platform

Royal Bank of Canada Embraces Cryptocurrency with Potential Trading Platform submitted by CryptoCrunchApp to CryptoCrunchApp [link] [comments]

Canada’s biggest bank exploring to launch cryptocurrency trading platform

submitted by ThrillerPodcast to thrillerpodcast [link] [comments]

Canada’s biggest bank exploring to launch cryptocurrency trading platform

Canada’s biggest bank exploring to launch cryptocurrency trading platform submitted by a36 to AllThingsCrypto [link] [comments]

Royal Bank of Canada Embraces Cryptocurrency with Potential Trading Platform

submitted by cryptoallbot to cryptoall [link] [comments]

Canada Adds VirgoCX as an Emerging Institutional and Retail Cryptocurrency Trading Platform

Canada Adds VirgoCX as an Emerging Institutional and Retail Cryptocurrency Trading Platform submitted by ososru to Bitcoin4free [link] [comments]

Canada Adds VirgoCX as an Emerging Institutional and Retail Cryptocurrency Trading Platform

Canada Adds VirgoCX as an Emerging Institutional and Retail Cryptocurrency Trading Platform submitted by cryptoallbot to cryptoall [link] [comments]

Canada Adds VirgoCX as an Emerging Institutional and Retail Cryptocurrency Trading Platform

Canada Adds VirgoCX as an Emerging Institutional and Retail Cryptocurrency Trading Platform submitted by n4bb to CoinPath [link] [comments]

Canada Adds VirgoCX as an Emerging Institutional and Retail Cryptocurrency Trading Platform

Canada Adds VirgoCX as an Emerging Institutional and Retail Cryptocurrency Trading Platform submitted by Ranzware to BitNewsLive [link] [comments]

BlockEQ (BlockEquity Inc.) has been acquired for $12 million by Coinsquare, Canada’s largest cryptocurrency trading platform.

BlockEQ (BlockEquity Inc.) has been acquired for $12 million by Coinsquare, Canada’s largest cryptocurrency trading platform. submitted by lilliyland to CryptoMarkets [link] [comments]

[ICO] CSZ TOKEN Canada Cryptocurrency Exchange and Trading Platform

CoinSeason Trading Platform
CoinSeason is dedicated to becoming a Canada based, legally regulated, fast, and secure trading platform for all the global users with blockchain assets. all new own utility token CSZ can be used to pay for the transaction fees with exclusive discount on our exchange platform, as the implementation of blockchain technology into daily use.
Start selling on July 18, 2018 (09:00 PST)
Total for sale CSZ (60%)
End selling on Sep 6, 2018 (23:59 PST)
Token Price 1 ETH = 15,000CSZ
Accepted payment ETH
Crowdsale: 1 ETH
link: https://www.coinseason.com/ico/
submitted by ericaaaaaaaaawy to ico [link] [comments]

Best platform(s) to trade cryptocurrencies in Canada?

My friend and I decided to do some experiment on cryptocurrency investing and looking for a platform, exchange with low fee and a good variety of cryptos. Right now we're looking at Coinbase (allows credit card but only BTC and ETH) and Kraken (more variety but only allows bank transfer which will costs $13.5 each time).
submitted by nqtri to PersonalFinanceCanada [link] [comments]

Investment Thesis: Why investing in POW.TO (Power Corporation of Canada) now is an investment in a future high market cap Wealthsimple IPO

I have seen some posts here wondering about the wisdom of investing in Wealthsimple's parent company, Power Corporation of Canada (POW.TO). I decided to look more into this, decided to post my investment thesis and research on why I, long-term, I have a very bullish view on Wealthsimple (and by extension POW.TO), and why I think this is equal to being an early stage investor in a Wealthsimple IPO.

Overview

Current Products

Investment Rounds

WS has had many successful rounds of funding and a vote of confidence from both its parent POW.TO and other multinationals investing in fintech.

Growth

WS has been extremely aggressive in targeting growth areas. Wealthsimple’s CEO Mike Katchen has said he wants to position the company as a “full-stack” financial services company. Here are some of their current expansion areas:

People

WS is run by young guys who have big ambitions and plans for the company. Sometimes there are CEOs with the intangibles that can really drive a company's growth, and from what I can glean, I think the company has a lot of potential here in terms of vision by its leaders. You can read more about the founders here
Quote sfrom CEO: Michael Katchen
On being laughed out of the boardroom when he proposed his idea for Wealthsimple:
Within the last month, Wealthsimple has also opened an office in London. Katchen said a push into the European market is “possible” as its “ambitions are global,” but right now the Canadian and U.S. markets are “a lot to chew.” It is a far cry from the company’s early days: Katchen said he was “laughed out of the boardroom” for laying out a global vision for Wealthsimple at a time when they had just $1.9-million in funding and 20 users***.***“It’s a very personal mission of mine since I moved back from California, to inspire more Canadian companies to think big and to think internationally about the businesses that they’re building,” he said. (reference)
On Wealthsimple's growth in the next 10-15 years:
Wealthsimple has more than $5 billion in assets under management and 175,000 customers in Canada, the U.S. and U.K. He sees that reaching $1 trillion 15 years. “We’re just getting started,” he said. “Our plans are to get to millions of clients in the next five years.” (reference)

Brand Value and Design

Out of all the financial services company in Canada, WS probably has the most cohesive and smart design concept across its platforms and products. I see the value in Wealthsimple in not just the assets they have under management, but also the value of the brand itself. I mean, what kind of financial services company makes a blog post about their branding colour scheme and font choices? Also see: Wealthsimple’s advertisement earlier this year capturing 4 million views on Youtube.
There also seems to be very strong brand awareness and brand loyalty amongst its users. I think a lot of users find WS refreshing as a financial services company because they cut through the "bullshit" and legalese, and try to simply things for the consumer. They also have their own in house team of designers and creative directors to do branding, design, and advertising, and this kind of vertical integration is generally unheard of in the financial services industry (reference).

Potential IPO?

Interestingly, the CEO’s ultimate goal is to take the company public. Therefore, I see an investment in POW.TO as being an early stage pre-IPO investor in WS (reference).
The goal is to get Wealthsimple to the size and scale to go public, something that Katchen said he’s “obsessed with.” While admitting that an IPO was still a few years down the road, Katchen already has a target of $20 billion in assets under administration (AUA) as the tipping point (the company recently announced $4.3 billion in AUA as of Q1 2019) (reference)

Future Potential

Ultimately, my sense is that a spun-out Wealthsimple IPO eventually be worth a lot, perhaps even more than POW.TO at some point. Obviously the company is losing money right now, and no where even close to an IPO, and there are still many chances that this company could flop. The best analogy that I can think of is when Yahoo bought an early stake in Alibaba (BABA) back in the early 2000s, and there came a point where their stake in BABA was worth more than Yahoo’s core business. I think an investment in POW.TO now is an early investment in WS before it goes public. (reference)

Risks

The X Factor

What I find particularly compelling about WS is they have aggressively positioned themselves to be a disruptor in the Canadian financial services industry. This is an area that has traditionally been thought to be a firewall for the Big Five Banks. There is also a generational gap in investing approaches, knowledge, and strategy, and I think WS has positioned itself nicely with first-time investors. My sense is that COVID-19 has also captured a huge amount of young adults with its trading app in the last few months, who will continue to use Wealthsimple products in the future. The average age of its user is around 34. As younger individuals are more comfortable with moving away traditional banking products, I think Wealthsimple’s product offering offers significant advantages over its competitors.

Power Corp is a Good Home

Currently POW.TO is trading at $26.30, down from its 52-week high of $35.15. I see an investment in POW.TO now as fairly low risk, and while WS grows, and there is also the added benefit of a high dividend stock. One of the most confusing things I found about Power Corp was its confusing corporate structure where there were two stocks, Power Financial Corp, and Power Corp of Canada. Fortunately, in Dec 2019, they simplified and consolidated the stocks, which also simplifies the holding structure of WS. I currently see POW.TO has a good stock to hold as well if you're a dividend holder, with a dividend of 6.86%.
Also, POW.TO is patient enough to bide its time and let its investment in WS grow, unlike a VC that might want to sell it quick. For example, the reason why WS went with POW.TO instead of the traditional VC route is explained here:
Katchen has directly addressed the question of why he did not go the traditional VC route recently, saying: If you are a business that requires perhaps decades to achieve the vision you have, well, if you’re not going to be able to generate the kind of returns that venture needs is they will force you to sell yourself, they will force you to go public before you’re ready, or they will just forget about you because you’re going to be a write off. And so Katchen essentially flipped Wealthsimple to Power Financial. Power is well known as a conservative, patient, long-term investor. (https://opmwars.substack.com/p/the-wealthsimple-founders-before)
My belief is there is a huge unrecognized potential in POW.TO's massive ownership stake in WS that will be realized maybe 5-10 years down the road. I didn't really dive into the financials of POW.TO in relation to WS's performance, because the earnings reports do no actually say much about WS. I'm aware of the main criticisms that POW.TO is a mature company and dividend stock that has been trading sideways for many years, and the fact that WS is currently not a profitable company. I am not a professional investor, and this is just my amateur research, so I certainly welcome any comments/criticism of this thesis that people on this subreddit might have! (Please be gentle on me!).

Other Readings

- https://betakit.com/wealthsimple-raises-100-million-from-allianz-x-to-build-a-full-stack-financial-service/
- https://betakit.com/power-financial-claims-89-percent-stake-in-wealthsimple-following-new-30-million-investment/
- https://www.powercorporation.com/media/uploads/reports/quartepcc-2020-q2-eng_3KVPXLd.pdf

Edit: Thanks to all for the thoughtful comments about POW's size and other holdings relative to WS, and that WS is basically a tiny, tiny portion of POW.TO. Again, I am just an amateur investor, appreciate we can discuss these points on this forum! And fair point is taken that WS's margins are also razor thin right now. I guess I am buying more into the CEO's vision of growth (see this video about his confidence about getting to $1 trillion AUM (!) in the next 8 years), rather than the current financial status or size of the company. Call me delusional if you will :P.
In any case, glad that I was able to flush out these thoughts with the CanadianInvestor community! I do wonder if WS's expansion into a broad-based financial services company (into mortgages, credit lines, and life insurance) might increase their profitability and size over time. https://www.bnnbloomberg.ca/wealthsimple-targets-canada-s-richest-with-grayhawk-partnership-1.1301993
submitted by soggybread to CanadianInvestor [link] [comments]

Your Pre Market Brief for 07/24/2020

Pre Market Brief for Friday July 24th 2020

You can subscribe to the daily 4:00 AM Pre Market Brief on The Twitter Link Here . Alerts in the tweets will direct you to the daily 4:00 AM Pre Market Brief in this sub.
Morning Research and Trading Prep Tool Kit
The Ultimate Quick Resource For the Amateur Trader.
Updated as of 3:30 AM EST
-----------------------------------------------
Stock Futures:
Thursday 07/23/2020 News and Markets Recap:
Friday July 24th 2020 Economic Calendar (All times are Eastern)
(Home Sales and Oil Rig Count Today)
News Heading into Friday July 24th 2020
NOTE: PLEASE DO NOT YOLO THE VARIOUS TICKERS WITHOUT DOING RESEARCH. THE TIME STAMPS ON THE FOLLOWING ARTICLES MAY BE LATER THAN OTHERS ON THE WEB. THE CREATOR OF THIS THREAD COMPILED THE FOLLOWING IN A QUICK MANNER AND DOES NOT ATTEST TO THE VERACITY OF THE INFORMATION BELOW. YOU ARE RESPONSIBLE FOR VETTING YOUR OWN SOURCES AND DOING YOUR OWN DD.
COVID-19 Stats and News:
Macro Considerations:
Most Recent SEC Filings
Other
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Morning Research and Trading Prep Tool Kit
Other Useful Resources:
The Ultimate Quick Resource For the Amateur Trader.
Subscribe to This Brief and the daily 4:00 AM Pre Market Brief on The Twitter Link Here . Alerts in the tweets will direct you to the daily brief in this sub
It is up to you to judge the accuracy and veracity of these headlines before trading.
submitted by Cicero1982 to pennystocks [link] [comments]

Lots of opportunities for Canadian crypto platforms if country leads on regulation: Coinsquare CEO How to Buy Cryptocurrency for Beginners (UPDATED Ultimate ... Best Crypto Exchanges To Buy Bitcoin & Trade ... Xendatrade  Crypto Exchange Platform  Trade stroke  Trading App Intro  Best Earning App 2020 WEALTHSIMPLE CRYPTO FULL REVIEW HOW TO TRADE CRYPTOCURRENCY IN CANADA

This cryptocurrency exchange platform focuses on trading at low risk, but confirming recurring purchase across the order books is the central part of its goal. This platform is working to promote adoption to cryptocurrency since 2016. Founded mid-2011, Kraken is the one of the world's largest cryptocurrency exchanges, and the largest in Europe based on daily average trading volume. It is available in almost all countries. Deposits can be made via bank wire, SEPA, ACH and SWIFT. Newton is Canada's first no-fee cryptocurrency brokerage. Newton is crypto as it should be: with a native mobile app, instant approval, and no commissions. Link to your bank account to add or withdraw funds seamlessly. Leave your crypto with us, or move it to your own wallet. Connect your bank account, add funds, and start trading in 24hrs Heading into 2020, buying Bitcoin and cryptocurrency in Canada can be a difficult process. Yes, there are a lot of options, but there are also a lot of factors to consider when choosing which platform is right for you. In this article, we break down what details to consider, and rate our top Canadian cryptocurrency exchanges available specifically to Canadians. Bitcoin futures trading Find out what exactly Bitcoin futures trading is, where to get started and how to pick the right trading site. Beginner’s guide to cryptocurrency tax in Canada A beginner’s guide to your cryptocurrency tax obligations and how the CRA is targeting digital currency holdings in 2019.

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Lots of opportunities for Canadian crypto platforms if country leads on regulation: Coinsquare CEO

A revolutionary Crypto Exchange and Investment Platform. Xentatrade trading system that is unified and efficient to meet practical applications, the need to connect the chain ecosystem is imminent. Wealthsimple just announced their new ZERO commission cryptocurrency trading platform. Now Canadians can trade Bitcoin and Ethereum in Canada for free 24/7. We will see the full review of this new ... Simple Method To Make $100 A Day Trading Cryptocurrency As A Beginner Tutorial Guide ... 15:14. Top 5 Forex Trading Platforms for 2019!! - Duration: 15:04. Top Traders 164,297 views. Cole Diamond, CEO of Coinsquare, joins BNN Bloomberg to weigh in on the crypto platform regulatory framework proposed by Canadian regulators. He also provides his outlook for the cryptocurrency space. This is the ultimate guide on how to buy cryptocurrency like Bitcoin, Ethereum, and other cryptocurrency for beginners. Link to the article version of this g...

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