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I'm pulling for my ETH bags as much as the next guy but an Ethereum ETF has been available for years in Canada. [https://www.purposeinvest.com/funds/purpose-ether-etf](https://www.purposeinvest.com/funds/purpose-ether-etf) It's current AUM is $424M CAD (309M USD). An ETH ETF has to land in the US to reach big deal status.
Well it did happen. I just missed it hoping for better. It hit $100k CAD
If this goes through, will I be able to drive over from across the border, and exchange some BTC for USD/CAD without being taxed on it from either government? That's my dream lol
I also come from Fusion360, who sadly got rid of the free tier and are just too expensive. Onshape has a pretty similar workflow, so the transition was pretty easy for me, espacially after trying out other CAD programms. If you need something different than Fusion and have no problem with all your files being public it's a good alternative for modeling.
If you're offering up USD, sure. Not all fiat is created equal. USD is the golden goose. EUR, JPY, GBP, CAD, SEK, and CHF are acceptable. Anything else you're going to have a rough time acceptance in other countries.
Hyperinflation of USD/CAD will lead to massive inflows of capital into scarce/limited assets like Gold and Bitcoin as people collectively lose faith in the US Dollar and Bitcoin's price will proceed to blast through the roof, and more. That being said I don't think USD is "on its way out" like this sub would tell you. The US dollar collapsing is similar to the Sun collapsing on itself in 500m years, ie not anytime soon. Canada on the other hand...
This is what robinhood says, very vague and does tell you anything: Transfer limits: Your Robinhood Crypto account's withdrawal limits are determined by a variety of factors, such as the level of verification you have completed on your account, your transaction history, and your preferred payment methods, among others. It's important to note that while deposit limits for crypto will remain unlimited, withdrawal limits are subject to change based on factors including account verification level and transaction history. You may qualify for increases in your withdrawal limits. https://robinhood.com/us/en/support/articles/crypto-transfers/#Transferlimitsfeesandtiming This is what our canadian app Wealthsimple says, nice and clear: There is also a daily withdrawal limit of $10,000 CAD and a weekly withdrawal limit of $25,000 CAD across all coins. https://help.wealthsimple.com/hc/en-ca/articles/4415114270363-Withdraw-crypto-to-an-external-wallet
Some coins have only USD pairs, but the normal version has a CAD pair. Does anyone know in which case the fee might be better?
What noob check BTC price in CAD pesos ?
The "crash" did not scare me, but it ticked me off that I bought on Friday before the approximately CAD7K-8K dip this weekend. I am still in the green at 29% profit average (fiat current value / fiat buy order value). Maybe Monday buying if these low prices continue so I can reach my next milestone.
This is the craziest coincidence ever. When I was reading through these comments and posts. I was actually thinking the same thing. If someone ever asks me how much something is (in fiat terms) I would answer back using BTC at its current market price. For example, last night I was talking to my friend about an apartment unit that I am currently looking into buying as an investment. He had asked me how much would the down payment deposit would be.. I told him normally it would be 5% of the asking price... I then told him that I usually do a down payment of " 1 BTC " although it isn't required amount. Current BTC price in CANADIAN DOLLARS is 89k CAD. The aparment is a little over 920k CAD. So it is about 10% of the asking price.
Not sure how an L2 is "complicated," its not any bit harder than using Ethereum, its the same interface / UI. And cards aren't really comparable to cash or crypto. Cash and crypto transfers are methods of instant settlement, while credit cards are a consumer payment systems with dispute arbitrage services, lending, etc. that are services which are not specific for any currency, credit cards could work with BTC, ETH units just as much as they may support USD, EUR, CAD, etc.
Should’ve done the same. Bought a 100$ Thursday when it was 10K more (in CAD)
I had a limit buy on dot at $10 CAD that I set almost 2 months ago and forgot about. When i received the notification that it filled i knew something had gone bad lol
My wallet is showing all $CAD values.
its all about survival in the state of present things. one must do what is necessary to survive using fiat currency as a store of value wont work anymore btc helps that gold does too but restrictions to getting gold.therefore if someone claims anyone in btc is greedy ask them how their usd or CAD or euro etc is helping them right now
If ya'll have any problems with this site let me know I haven't got any profits but I have been pulling out 50$ CAD here and there because that's how Much i make daily.
I did and have withdrawn.. I can up to 50$ CAD in BTC daily!!! No jokes.
Huh? If you're using USD as a base currency, of course you'll measure everything in that currency, even carrots and milk. That doesn't make milk and carrots fiat currencies. Have you ever lived in another country where you deal with exchange rates? Is it true that the majority of Bitcoin users keep it on exchanges (if that is what you're referring to)? I don't believe that is actually the case. But, when we talk about decentralization, we're typically talking about the system/network, not the Bitcoin holdings. There is no CEO of Bitcoin (as the meme goes). The network code and blockchain are distributed on many thousands of nodes all over the world, and it takes consensus to make changes. Mining is the least distributed aspect of Bitcoin, and the community is working to fix that (even though it would still be very hard to pull off an attack... most likely current problem is favoring some transactions over others). Most Bitcoiners want to be their own bank. Ever heard, "Not your keys, not your coins."? USD is currently the world reserve currency, so it gets lots of attention. I actually want to know what my Bitcoin is worth in CAD. I'd imagine most Japanese people want to know what it is worth in Yen. Which brings us to your real point... that Bitcoin isn't yet all that ***directly*** useful for mainstream commerce. Since everyone doesn't accept Bitcoin, you often have to exchange it, or use some service that does it (ex: I can pay my electric bill in Canada, or buy an iPhone, because there are services that take care of this. I can even pay my taxes!). But, if I go to the USA, most stores won't take my Canadian dollars. I'll have to exchange them for USD, or use a service (like Visa) to allow me to buy things there. That doesn't make my Canadian dollars useless, or mean they are really just US Dollars, etc. Sorry, your conclusion make no sense.
People will take profit and price will fall. I expect the price to go down by at least CAD$10,000 in the first month. It will eventually settle between CAD$75,000 - CAD$80,000.
so she has CAD on binance? that's actually an interesting problem and pretty annoying they don't give a clear answer on what to do. the last email i got from them in october said you are still able to withdraw > To confirm again - this means that you will no longer be able to use any product on the platform, except to reduce, redeem or close open positions and withdraw assets from the exchange. but obviously that doesn't help if there's no CAD withdrawal option and you need to buy another coin to withdraw and buying is blocked.. here's what i would do: * Contact support and explain the situation and ask what you should do * Use a VPN to login from somewhere that isn't blocked and see if any more options are available. You might be able to swap for another stablecoin and withdraw that. Not sure how exactly this would work though because there are no CAD pairs now. You'd probably need to use the Convert feature on the wallet page if possible. if it's a large amount of money and nothing i said above works you could get a lawyer involved and force them to give you the equivalent value in another coin and close your account i'd be interested in hearing what happens cuz this is a pretty messed up situation. tell her not to give up on it.
The CAD will be the first G7 nation currency to blow up. 4 years ago I said 2028, now I’m thinking 2027 depending on the election. Get outtttt
From my experience there are always fees, one way or another. I'm Canadian and use Kraken Pro. With Kraken Pro, you can deposit in CAD then use your CAD to buy USD. Then buy crypto with USD. (Of course there are fees for exchanging cad to usd this way). As a Canadian, I don't know if you can directly deposit USD in Kraken, with your USD bank account or something. But you could research it / ask them. The only currencies you can directly buy with CAD on Kraken right now are : fiat : USD, EUR Cryptos : BTC, ETH, XRP, USDC
Any asset is better than holding CAD now. We'll be Weimar Germany soon, carrying wheelbarrows of our plastic money to buy bread.
I was just referring to OP's question regarding crypto being decentralized. Being rich is pretty subjective. If I have a 100k CAD or USD in my bank, I consider myself richer than the majority of the world. The amount of shit I can do with that money is all relative to what I need to do and what I want to do. 100k is more than enough money for me to pursue my personal goals, be that to deal with my own and my families finances, starting a business or a establishing creative platform, acquiring fame, or social media influence — all that. Idk what rich means to you. I've made a 100k off BTC and crypto. The only reason I'm winning in the crypto market and still have steam to use for this cycle and the next is because I didn't bag hold my alts through the blood market. My advice was that people should always use BTC as a reference point. That is, if my alt bag can't hold up against BTC. I am losing in the long run.
Dude I think I know where you’re coming from and you have my sympathies for your limited knowledge. Normally I wouldn’t bother arguing with an unarmed opponent but, for the sake of just being a dick, I’m going to make a special exception just for you! 1. I only spend bitcoin I’ve bought during the last week. Because of its “newness” its had relatively little time to be exposed to significant gains and losses due to short-term market fluctuations most of the time. “Older” bitcoin is hodled in cold storage. Let’s say that I spend for a loss or a gain maybe 2 times out of 10. Compare that to the guaranteed constant (and invisible) loss of fiat’s buying power due to inflation. In most cases the loss or gain is maybe a few pennies to a few bucks. Bitcoin 1, Cash 0 2. I pay a 1.5% fee to swap BTC for CAD. So what. My bitcoin gains over the years swamp that out to the point where its fly shit in comparison. My “limited” knowledge of math tells me that’s an acceptable trade-off. Bitcoin 2, Cash 0 3. I’m a physicist. What do I know about “math”? You are such a twit dude! Me 1, You 0. 4. You know fuck all about shit about finance like the vast majority of trolls on this reddit. I, on the other hand, have done just fine over many years following my “insane” strategy. Me 2, You 0 5. Stick with your studies. Maybe you’ll graduate from Kindergarten before you grow some body hair.
I’m Canadian. Thinking of replacing my checking account at the bank with Shakepay. I could keep my readily spendable bitcoin here and do virtually instantaneous conversions to CAD when I need cash. Shakepay is very handy because they have their own VISA card for spending.
0.0071 btc is what i paid for $650CAD (I already had $150 in my wallet) at the time I did this transaction btc was 94237.03CAD how much did it cost me
Unfortunately we can't directly send CAD to it.
USD/CAD/(all fiat) is a liability, not an asset… btc is an asset… the pristine asset in the hierarchy of assets… rephrasing your statement: *I have more of my net worth in the pristine asset class than in cash liabilities* Is that a bad idea? No, it’s a great idea… As long as you can pay all your cash obligations without having to liquidate your pristine assets during times when the market value of the asset drops below your marginal price… that is, don’t sell lower than you bought… and if you don’t have to sell ever, then you’re golden
CAD is a dying currency anyway. They all are.
I appreciate the advice. I made a transfer this morning. Cost me $1.24 CAD to move $x,xxx. I am ok with that fee cost for simplification of the process.
It's because you trade bitcoin for your dollars. I tend to trade mine in Canadian dollars and all my apps are set to Canadian dollars so you would argue I value it in CAD
This post makes no sense cause you can’t convert CAD for your time back lmfaoooo
I used to work with an old guy that bought 8 of those and claimed to have sold some for 11 grand CAD each. But he was a liar so not sure he was telling the truth. Never showed us an account balance or cash
Is under a 100k CAD still and hasn’t broken through yet so far. Maybe a dip in a couple years or maybe maybe. I don’t know I just see my bitcoin balance go up. I think the consensus here is usually half now and half dca. If is bull market is better all in now vs dca down in a bear market. Either case you aren’t selling so bitcoin goes up. If you can ignore exchange rate is good. This looks like mumbo jumbo but you asked for my thoughts.
I've been holding funds for a dip to happen so i can just unload my usdc and buy a load of btc, but does anyone think there's going to be a dip soon? From what i've been seeing this week its been ranging from 94-96k CAD so im just thinking how long I want to hold off until buying. Any thoughts?
ok but I have to research beyond the skepticism/ naysayers to know for sure. who's giving me the best spread even if it's not good? i'm in canada so in CAD
I considered maxing out a $500 credit card as a grad student, by buying Bitcoin, and didn’t. I was a computer science grad student. I *understood* the implications, but figured it was a crapshoot, like trying to pick VHS vs BETAMAX way back in the day. It was $0.14 per coin when I’d have bought in. It would be worth close to $350 million CAD right now if I had done it.
Unfortunately no. Bitcoin CEO will close Bitcoin in some weeks. Better keep CAD, they will skyrocket in the next 5 years!
Look at it this way, is your CAD likely to be debased in the future? Well Bitcoin cannot be. Do you think more people will use Bitcoin in the future? If yes to both questions, than the price in CAD must go up.
When CAD is worth less than toilet paper or when the government seizes your bank account for discussing bitcoin online, your question will have a whole different meaning.
This idea that $1 is always $1 is the psyop that has the mainstream against Bitcoin. Prices can only be measured in relation to other prices over time. It doesn’t really help to think that $8,000 CAD will never be worth less than $8,000 CAD because in 5 years inflation will erode that value
In 5 years I can guarantee that $8000 CAD will not buy as much as it does today.
*laughs in french-canadian* I have a mortgage of $900 CAD / month for a 5 bedroom house in the third most populated city of my province. Canada is huge, you don't need to live in vancouver-toronto-montreal.
NDAX is a Canadian exchange which does bank transfers to in CAD as well as a bunch of crypto options as well.
0.20% trading fees. Although the price to withdraw is equivalent to $30CAD at the moment so I wait until I have 0.1 BTC or more accumulated. Although I’ve heard they are looking at reducing those fees soon.
Bought hundreds of FET at 35 cents sold at 3.5 rebought at 3 and now it's 4.65 (CAD $)
Drugs still get dealt in USD and CAD. BTC or Ross’s platform was not the issue. Drugs have been around since the dawn of man; see stoned ape theory.
Follow what BTC does and put some more CAD into BTC when the market dips a good 20/30%. Keep doing this and you probably gonna have a smooth life financially.🎯 💵💵💵💵💵💵💵💵💵💵💵 If you develop a true passion for crypto and trading you can begin studying white papers, charts and how to read them. 💰💰💰💰💰💰💰💰💰💰💰 Good luck mate!👍
dollar cost average, withdraw to cold storage, learn to manage your UTXOs, and never sell for fiat (CAD, USD, etc.) welcome to the movement brother
read this waiting for "so anyways, i put the $3000 CAD into $SWAG token on SOL, they pulled the liquidity, wife left me kids r gone" pocket the cash and if you MUST enter the crypto casino, try $20 or dollar cost averaging tiny amounts just to get familiar with self custody
I stake my CAD in my bmo savings account /s
Wondering if anyone tried Ndax. Thier withdrawal fees seems to be only $4 CAD. I would personally go that route
Coinbase and a lot of other exchanges charge fees to withdraw Bitcoin to your own wallet. From Shakepays website it looks like they do not have such fees, but instead earn money by having a slightly higher Bitcoin price. From the numbers you give, it seems like they charged 4980 satoshis (0.00004980 BTC) which at the moment is about 4.27 CAD.
I'm just not good at this Crypto. Invested way to much in KNC ($1200) after it dropped from. $1.50 to $1.20 CAD while everything else was going up. Needed the money thought it would bounce. It dropped to 96 cents, when things were going down, got shaken out and sold ($998) Then recovery slightly when I woke up, and fairly stable upward trend. Need to invest with more discipline
Correct. AUD users are getting fleeced but our CAD to usdc spread whilst not almost zero as it was before the depegging happened, still better than 4% they need to add fiat rails to their exchange in Canada and available countries. It's a good exchange but whether by design or careful negotiation and preparation at the jurisdictions they want to operate; it's expensive to trade in the CDC app. These days in mostly use them for custody and not much else.
Average buying around $6.5-7k CAD here..
Does the app have a seperate market with another order book? I think it's more a CAD vs USD problem. It's different order books obviously
I don’t think the spread is that high for USDC? I remember checking and it seemed like only 1% for me CAD-USDC which better than our big banks here
I looked the site. Do they take USD, or is it CAD only? I tried to look into their FAQ. May reach out to them via email. Thank you!
Bought 70.19 Dogecoins at 0.18 CAD, its been less than an hour and its at 0.19 CAD. Small victories guys, small victories
Someone posted a graph showing farm land / acre / $ vs per oz of gold. The opposite is true. As money becomes worth less gold becomes WAY more expensive in dollars. Just recently Costco was selling 1 oz for $2600 CAD. 2 months later? $3000.
I've seen bookmarks in book stores go for $10-$15CAD so $1USD is generally cheaper than buying a bookmark.
Stop trying to make CAD relevant, no one cares about it /s
Bitcoin hit 100k CAD thats pretty cool
You are selling this week and waiting for it to drop to 40k? That sounds like a good plan. Let's see, at the current rate of decline it will reach 40k in.... Hmm, it is up 3k CAD since I got up this morning. Not sure your plan is going to work.
Ive used Coinbase and Kraken in the past, if I had to cash out now I would most likely use Kraken since they are my fav CEX. The ETH fees you will have to eat in either case, so there is no avoiding that. Whether you swap to BTC or just sell the ETH for CAD you will pay the ETH fee.
2014 BTC was $1000 CAD. 2024 BTC went over $90,000 CAD. That is 90x in 10 years.
Canadians would be subject to capital gains on the btc, where you would lose no more than 25% of their profit. They can be sheltered through a TFSA which is capped at $95,000. Which is roughly the price of a btc in CAD. It's speculation, but HUT will outpace btc at this point as it's trading at <1x NAV. This won't last forever and would be a bet I'd take if my TFSA wasn't already packed with securities.
You can initiate orders, but they aren’t filled until the bell rings at 9:30 am EST. Two weeks ago I put in two ETF sell orders pending the FOMO candles. I made $20,000 CAD in 11 minutes while drinking coffee …sell the rips, buy the dips…
We just tickled $1 in CAD.
Canadian here. I use Neutronpay to dca directly to my Lightning wallet. Costs about $0.10-$0.15 CAD to DCA $10 CAD.
Only when I see a new ATH posted to see the CAD equivalent. The 2013 and especially 2017 Bull run it was basically a dozen times a day.
i mean how the last ath in 2020 was 80, 000 CAD, and this latest one was 100, 000 CAD. 20% increase in 4 years. of course i dont know shit about fuck
Too much 😭me and my other friends who’s invested will send updates nearly every 1k CAD it changes
I’m gonna take a contrarian view and write from the perspective of a Dad. Son, you learned a lesson and that’s good. There are consequences to your actions. I think it was F A Hayek that said that. What you’ll have to calculate in the future is whether the potential reward was worth the risk. Yes, fiat banks are inherently evil. But you don’t f&$@ with a man’s rice bowl. Your request wasn’t to withdraw your money from your account. It was to them to loan you their money based upon their expectation of your good faith. Separating the nuance of the definition of “student” for a moment, the bank folks you negotiated with understood this to be a loan to a student for use as a student, not for anything else. You lied to them. You breached their faith in you. That’s unkind. It’s time to count the costs: -your credit worthiness at this bank will not be restored for years. -your credit worthiness at this bank will float upwards to national credit agencies that will pass along the revised credit rating to other banks to which you apply for future credit. -your credit worthiness may be escalated to credit companies with which you have accounts. This may result in automatic increases in your interest rates. -you may have to sell the BTC you’ve purchased to date to account for actual student expenses in CAD. -and much more. But you’re young and you have time to recover from this financial mistake. Learn from the pain. And remember that with great rights come great responsibilities. That comes double with BTC. When you own your keys, you are the bank of yourself. When you f$&@ with THAT bank, you f$&@ with yourself. Btw, your Dad did worse things when he was your age. R/dave Standing by for incoming…
Luckily no. I was able to find offers for CAD $10k/mo. Which is the most they offered me in Toronto.
I bought at $18CAD sold 5 at $360 to recoup my investment and now I’m just watching the rest unsure of what to do.
Oh man my dreams were crazy tho. We had a god candle to 108 (CAD). Woke up to the opposite
Back when dogecoin was being thrown around like a literal joke on forums, back in like 2016-2017, my buddy sent me 200k dogecoins as a ‘get into crypto bud!’ Present. It was worth about $100-120 CAD at the time for 200,000 dogecoins lol. I traded that for a small amount of XRP and XLM. My friends and I have a saying now, ‘don’t get doged!’ Still makes me cringe when I think of it.
Is there any currency that is not fiat? Isn't the USD value fluctuating constantly? Everything in the world is a pair. Every single thing has a slash and a currency next to it bread/USD, croissant/EUR, taco/MXN, PEPE/CAD... unless it's backed by gold or silver or plutonium, it floats on an exchange.
bro my friends are too retarded to even know how much the price has gone up since i told them about it only person whos upset is my dad, told him to buy at 20k CAD, he only realized at 50K
go to Pancakeswap - connect wallet and exchange BNB straight to whatever metamask supports that has low fees (no bridging needed) maybe choose polygon MATIC if your wallet does not support LTC - then transfer to exchange and sell for CAD
swap your tokens to something extremely low fees like litecoin. transfer to an exchange and swap out to an exchange like coinbase/kraken and swap out to CAD
Would XRP still be a good choice to swap to from BNB for the transfer to an exchange? Any others I should consider? How can I go from BNB to either CAD$ or ETH with the smallest loss to fees?
Canada: Onboard with Newton (free etransfer) -> buy USDC -> Transfer USDC (SOL) to Coinbase -> Coinbase advanced trading with usdc pairs -> Trsanfer USDC (SOL) back to Newton (Free on SOL) -> Trade USDC to CAD -> Free etransfer on Newton to bank. Minimizes Coinbase fees to advanced trading only
I did uber eats in 2021-2022 to stack bitcoin . It was 0.01 around $350-$400 CAD . Now its 0.01 for $900-$1000 !!!!! Best decision I’ve ever made .
2022 I put in 7k and made 20k, should use the 20k and transfer it into Bitcoin, Bitcoin was at like 46k CAD at that time
It’s not CAD either, I wonder which currency OP uses
Back in 2014-2015 i was botting gold in osrs and one chinese gold resseller offered to pay in bitcoin , i said no and took CAD via paypal instead :(
.5 btc today is closer to 50K CAD but at least you have a house, which is great vs an extra 10K if you kept waiting.
$100k just hits different. Even in CAD
So close to 100k CAD. Come on BTC, do it for Canada eh?
Almost there in CAD this morning…
BTC just shy of $100K CAD