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How did you get in contact with support? I have about 300 CAD of bitcoin and keep keeping the error "not enough funds" to send when I have funds after transaction fees. I have an Electrum wallet ready but can't receive the funds. Any help you can provide would be appreciated
Look, all I'm saying is I just mocked up a 2.5" buttplug in CAD software I'm not going to name and it was about 1/2 a kg of gold, so this probably isn't as bad as it sounds. If you want a legal solid gold buttplug though DM me; I'll make it whatever size you want and it will be 100% confidential.
You all just straight up skip reading? 3 years ago 7 bitcoin was total of $173k now, 7 bitcoin is over a million CAD.
What to do with three fifty CAD now?
So if they had the $173k CAD today, they would get just over 1 Bitcoin (1.16 BTC). Would they be able to wait 5 years to become a millionaire or more like 10?
You’re not making sense bud. This was 3 years ago, 7 btc was $173k CAD.
Same for us in Canada. Bought my house in 2000 for 125k CAD and now the municipal evaluation is over 900k, market price would go for 1 million. I could not buy my own house today, my wages never followed this market and it saddens me for my kids as buying anything close to a major city is impossible.
I was looking at old localbitcoins emails the other day and killed me “0.97006 BTC sold for $120CAD” and there’s just dozens of emails like that
Moi j'ai Trezor safe 3. Quand je l'ai acheté, Trezor m'affiche 20 mots et tu dois les écrire en ordre selon ce qui est inscrit. Tu dois garder cette feuille caché, mais pas au même endroit que le Trezor 3. J'ai acheté une pochette sur Amazon (18$ CAD) qui protege contre le feu et l'eau, donc j'ai mis cette feuille là dans cette poche. Il est impérial de ne jamais jamais perdre cette feuille!!!! C'est plus important que l'objet. Ensuite Trezor 3 te demande de créer un NIP de 4 à 8 chiffre, ce NIP est comme un NIP pour ta carte débit. Chaque fois que tu voudras transferer tes bitcoins dans ton wallet, il faut toujours rentrer ce NIP. Si un voyeur saisit ton Trezor 3, naturellement il n'a pas ton NIP et même si le voleur fait un reset, sans les 20 mots, il ne pourra jamais récupérer tes Bitcoins. Très important, ne pas sauvegarder tes 20 mots digitalement, ils peuvent toujours hacker ton telephone/ordinateur.
Around October 2023 I had a gut feeling we’d hit $100k (CAD) imminently and liquidated my stocks to go all in on BTC. I had already been stacking with my income but I needed a boost. The following October we hit 100k, December we hit $150k. I regret that I hadn’t gone all in on BTC when I started investing during the 2020 crash, but we ball.
The Kroner is absolutely fucked. After CAD, I have the Kroner as the next western currency / bond market to flop. 2030 is my estimate. has been since COVID.
Lol if i do make a quick 500 off these because one is paired with USDT the rest can be done. i will try and if i succeed ill find my way back here. If you take 100k and bought ADA for example 92 cents CAD and held staked and traded some back n forth over time. If it expect to see a 10$ price prediction would buying 100k x 9$ equal out to be more then the current price of btc ? Who wants to ride the ADA coin train lets gooo 😈
Please tell me if you made this happen inbox me if you can i was just explaining this theory to my mate and it seems like graphs can prove black phoenix is a crypto coin and also in fact is in the market as such so lets get together put our brains Together if you want a trade buddy for BPX lets do it. I want to get $10 @ 0.08 and dump at 3.98 ( i am canadian so CAD ) would sincerely gain alooot
Bitcoin needs fiat to be worth any value tbh... until the entire world is putting btc prices vs USD, CAD, EUR ect. It will always be that way.
BTCC: 1 year, + 54.44% BTC-CAD: 1 year, +54.47% Pretty fucking close if you ask me.
> Can’t even get past 2500 change your currency to CAD
That's just a broad term used to describe your regular currencies, so USD, CAD, GBP, EUR, etc.
That's the next book I'll be buying. I'm currently listening to the Little Bitcoin Book on Amazon Audible, it's pretty good and the price was very good (6$ CAD...so maybe it's somewhere around 3-4$ for Americans).
Totally fair questions, and it’s smart of you to pause and ask before diving in. Is it normal for apps like Newton to ask for ID? Yes, this is **completely normal**, especially in countries like Canada. Apps like **Newton** are called **crypto exchanges** (similar to a stock brokerage but for crypto). Because they deal with real money and are regulated, they must follow **KYC (Know Your Customer)** laws. That’s why they ask for: * Full name and address * Date of birth * Government-issued photo ID It’s the same reason your bank would ask this info: to prevent fraud, money laundering, and comply with financial regulations. Newton is a **legit, Canadian-regulated** exchange. Newton is a **Canadian cryptocurrency platform** that lets you: * Receive crypto (like Bitcoin, ETH, or USDC) * Convert it to Canadian dollars (CAD) * Withdraw that CAD directly to your bank account It’s one of the more beginner-friendly options in Canada. Will banks block transfers from crypto platforms? Some banks used to cause issues, but today: * **Most major Canadian banks** do allow deposits from Newton and similar platforms * Newton also lets you withdraw via **Interac e-Transfer** or direct deposit — both are normal payment rails That said, it's smart to check with your specific bank (or do a small test withdrawal once you're set up) to be sure.Last tip: Be careful with your wallet * Never share your **private keys or recovery phrase** (Newton doesn’t use them, but if you ever use other wallets, keep them secret!) * Use strong passwords and 2FA # You're not alone! Everyone starts somewhere, and it's totally normal to feel unsure at first. But you're already doing the right thing by asking questions. Crypto can be powerful (especially for payments) once you get the hang of it.
I bought 10k CAD of FBTC in my RRSP account at btc 108k. I was unlucky because the CRA delayed my 25k tax refund. Has I got it on time, I would have been able to max out my contribution room for the year when btc was 75k. Its ok, I am planning to hold for 10+ years so no biggie
Its ATH in CAD. Trump dragged us down with him
Should just be able to toggle through options, right now mine allow me to quickly switch from USD to CAD. Don’t see why they couldn’t allow you to go from BTC to Sats
Just broke 150k on CAD in fact. You can pick whatever fiat shitcoin as comparison, but 1BTC = 1BTC and that's part of the beauty.
I mean if you're in Canada (I assume) - NDAX has .2% trade fees. Best in the CAD market.
Because when people buy btc in Europe it’s not denominated in USD. They buy BTC/EUR which is in fact not at an all time high right now. I buy BTC/CAD because I live in Canada and we also did not reach an ATH today
the USD is the global currency and all prices are measured in USD for everything in the world. Euro is used within Europe while USD is used worldwide. The price of bitcoin is measured in USD first and then converted to Euro, GBP, CAD etc.
I clicked on this and my first thought was "wtf?" Then I noticed the extra zero. I'm in Canada and in CAD they're close to $150,000 each.
This is $700k - $800k CAD in southern Ontario. We still have a ways to go unfortunately.
Exchanges get to choose how much they want to charge their customers for withdrawing bitcoin from their platform. This fee is referred to as a bitcoin withdrawal fee. Some exchanges choose not to charge a bitcoin withdrawal fee at all (it's free to withdraw bitcoin). [Swan Bitcoin](https://www.swanbitcoin.com/) chooses not to charge a bitcoin withdrawal fee. [Strike](https://strike.me/) chooses not to charge a bitcoin withdrawal fee if you choose the slowest option. [Cash App](https://cash.app/) chooses not to charge a bitcoin withdrawal fee if you withdraw 0.001 BTC or more and you choose the standard speed option. [River](https://river.com/) chooses to give their customers one free bitcoin withdrawal per month. Wealthsimple adjusts their bitcoin withdrawal fee based on the current mempool activity. $1.49 CAD to withdraw bitcoin isn't unreasonable. You can withdraw all of your bitcoin from Wealthsimple at once in a single withdrawal to save on fees.
I actually bought $5k CAD worth of btc during last month when it was ~76k. Definitely happy with my returns since then. If you want to get in at a really good price I would honestly wait until crypto winter which is allegedly due by mid-end of summer.
Lol no. Do you pay capital gains tax when you buy something in another currency? Every time you buy something on your credit card in EUR, GBP, AUD, CAD you pay capital gains on your USD? You exchange your money before you go on vacation abroad, do you pay tax? You buy foreign stocks in your brokerage account- do you pay tax?
Too true. There is so much friction in TradFi: 5 business days for a trade to go through, a day for deposits to “settle”, 3-6 weeks to transfer a registered savings plan between banks. The other day the balance in my Lightning “spending wallet” was getting a little low so I logged onto Bitcoin Well and bought some BTC with some CAD to top it up. The BTC was in my Wallet of Satoshi in less than a minute. So refreshingly fast and friction-free!
When I make a Lightning payment I send an equivalent amount of CAD to Bitcoin Well. They automatically convert it to BTC and it ends up in my Wallet of Satoshi in less than a minute.
Two kids up in Canada runs us 7,500 (CAD) per year. Start a protest already
You answered your own question, 10K CAD :)
What is the maximum amount of bitcoin to keep on an exchange before I'd need to get a wallet? It seems like a hassle to do, but If I'm approaching 10k CAD it's meaningful money to me
Nearly $4K CAD in XRP. Down about $200 but hopeful for the long run. DCA $3.50 CAD.
A mistake. In since 2009, you know how many times I could say cant be greedy :-) Issue is you think of it as an investment and not as a store of value (money) Once you see this as a store of value (for me it was gold and silver physical an in my hands) then you will see where BTC offers additional benefits over gold. I have personally been stopped on the AirCanada ramp steps from the aircraft with 4 tactical officers asking if I have over 10K on me and if any of that was in gold. A wake up call and that was back in 2008. Selling btc, to me, is like paying to by USD or CAD dollars. Example getting rid of sound money to purchase an item. USD$ might as well be buying a new TV in my mind. To each there own, I suggest you evaluate if you see BTC as a store of value, or the USD$ or some other devaluing currency. Just my 2 cent.
I don’t want to prove anyone wrong, but many are missing out WHY we should be investing in Bitcoin. A coin getting to $1 million dollars need only be celebrated if you’re calculating it in USD/Fiat and looking to sell or convert to fiat. We buy bitcoin because it’s a hedge against a debasing dollar and inflation. If Bitcoin went up 4%-5% a year (on average) it’s doing its job in preserving your wealth. Everything else is a bonus. Sure, as a bonus, and as people jump in it has speculative properties and we see high vol. with massive moves relative to equities. But over time that growth will lessen as the asset matures and it becomes more stable. Less vol to the up and down sides. But if you’re about self sovereignty and want to preserve your wealth then Bitcoin has the strongest properties of being the hardest money on earth. We are seeing ceos of some of the largest financial institutions touting the strength of BTC and suggesting a 1%-2% allocation. This will likely increase over time. But if everyone in the world just allocates 2% to Bitcoin then a million dollars a bitcoin (in usd fiat) isn’t hard to imagine. You also need to consider other countries whose dollars aren’t as strong as the USD. Right now 1 Bitcoin is approx $144,000 in CAD. So for Canadians it’s actually performing better. And in impoverished countries owning Bitcoin is literally a lifeline. Americans are likely the last to “need” Bitcoin. But fortunately the current administration seems to be taking a positive stance on it and moving bills to the house and senate to strengthen its properties. A win for us all.
Every professional software company like Adobe, Autodesk ect makes their software for Windows and Apple. IF you're on linux and want to do CAD you're out of luck, if you want to do film editing or photo editing you can find some sketchy freeware, but you won't be taken seriously if you're doing it free lance.
Yea I would say $350 USD or $500 CAD
.... and that's only the USD. CAD, EUR, AUD, MXN, YEN...
The ETF I suggested, [LBIT.to](http://LBIT.to), is from a Canadian issuer and trades on the TSX if that makes a difference! I believe they offer USD units as well as CAD.
My partner has work in a smaller city today so I’m just hanging around. I glance over and see a woman with (only 2) grocery bags waiting at a bus stop. Some hamburger buns roll out. The bus pulls up with a plastered ad “look like a million bucks with only $25” and that’s CAD not USD. As Deliotte releases data that Canada is heading into a recession, unemployment set to rise and home values @ steepest drop from peak levels in over 30 years. For many people worldwide, even getting to 0.1 is now out of reach. BTC holders, even those with just 0.1, will be extremely wealthy by 2035
Then it’s approximately 0.002654 BTC - Roughly $350 CAD
What if I don’t have CAD? What if I only have sats?
How much $CAD do you feel comfortable with getting debased on? Look at the BTCCAD chart. CAD is losing purchasing power against Bitcoin just like USD. Put all 60k into BTC and take custody of it. Don’t touch it for at least 4 years and you’ll do better off than most. Hit me back with any follow up questions.
You don’t need to go to a bank or explain anything to anyone. On Binance, you can easily borrow even more than $40k using your existing crypto or stablecoins as collateral through Cross or Isolated Margin. Since fiat currencies are debt-based anyway, it makes sense to strategically use this kind of leverage, especially while we're still in a bull market. Just be mindful of your liquidation price , in this case, with $100k CAD fully invested in BTC at \~$130k/BTC, the liquidation price would be around $54,900 CAD.
You have $60,000 CAD, and you can easily borrow another $40,000 CAD. Since fiat currencies are debt-based anyway, it makes sense to take advantage of this opportunity while we're still in a bull market.
So the bitcoin dilemma- you bought $95k at $118k (all CAD). So now you sell it at $130k, and you now have roughly $4k added to your taxable income. Say that costs you $1k. Now you have to decide the best place to invest the remainder, and so you have $94k of bitcoin at $130k. I’m not sure I would recommend an all in strategy. Bitcoin has lots of ups and downs, but historically has steadily increased in value. It’s a long term game, and some people just get stressed by the downswings - or worse, panic and sell off. If you think you will need some of that in the next 5 years, you need to face the possibility that your need will force you to sell someday a loss. If you have the stomach for the ride, hold it - ignore the waves and trust the tide. If it’s going to cause you undo stress, cash out and join a yoga group.
Don’t try fool us. We all know CAD is a penny stock.
That's not the right question. Ask something more like, what is the comparable risk of Bitcoin dropping 50 percent, vs your fiat CAD dropping 50 percent? What is the risk of Bitcoin dropping to zero, vs the risk of fiat dropping to zero, before you die?
Stay. Get to 1btc if you haven't already. You're good. Move on, start another little CAD stack over the next few months to make you feel better.
All-in with all you got- Very risky move. But, the die is cast as they say. You need some sort of plan to get through the next couple of years without touching your stash. 1. Live below your means. To a guy that saved 104K CAD at age 34, you probably excel at that. Make sure that you cover all your spending with your current income. 2. Avoid debt like the plague 3. Scabble together a minimal financial “shock absorber”. Aim for maybe $5000
It’s CAD so that’s like 15 bucks now
Does CAD count as real money?
DXY is roughly at 99-100 - Bitcoin is $95k DXY was roughly 100 in September - Bitcoin was $62k. Yen/AUS/CAD still way down. Euro and Ruble are up.
By 2030 it may well be 1.5M USD but also only 150K CAD
Maybe 1.30 - 1.35 CAD but I’m no FOREX expert
fml... I bought at 70k CAD I had like $700 bucks... had to sell at like 80k CAD... man being broke SUCKS. could of had $1330 CAD if I sold when it was early January at $150k... RIP
Additionally, many people would be more likely to contribute via lightning than on-chain. If I wanted to send CAD$2.00 right now on-chain, it would cost me about $0.50 to do so - 25% of what I'm tipping. Whereas a lightning tx would cost about a penny or less. And would be private, as mentioned. I personally would never tip on-chain but often tip/donate via lightning.
It’s up 2.9 against CAD, 2.4 USD. Where do I see this flatness you describe?
It’s progressively losing value against CAD since tariffs begun
Pretty fast. I’m watching the CAD to USD exchange rate and the USD is losing value. All started when the tariffs did.
USD has lost 4 cents of value vs CAD since December, from 68 to now 72 cents. Give it a few months and we'll see who has the monopoly money
Maybe start with the wiki/faq here or over on /r/BitcoinBeginners Here's my best try at an ELI5 though: Consider the types on money you already know about, e.g.: US dollars (USD) are used in the US. Canadian dollars (CAD) are used in Canada. Euros (EUR) are used in parts of Europe. These are all different types of *fiat* money. Fiat money is created at will by a central authority based on the economic/political needs of their government. You can freely exchange USD for EUR (or vice versa) at a currency *exchange*. The exchange *rate* is just based on market forces - i.e. what people are willing to pay at a given moment. Governments can create more, but that also makes it less valuable compared to other currencies. Fiat money involves a lot of infrastructure behind the scenes which we call the *banking* system. Bitcoin (BTC) is slightly different because it has no central authority, and it has no banking system. Instead of a central authority which creates it, it has a process called *mining* which results in new bitcoin being created at a predictable but constantly shrinking rate. Instead of a *banking* system, it has what's called the *blockchain*, which is a kind of decentralised database of transactions that anyone, anywhere can interact with to send or receive bitcoin. To send or receive, you need a ***wallet***, which is a piece of software (or hardware) which interacts with the blockchain. To buy or sell, you usually use an ***exchange***, which is exactly like a currency exchange used to swap between fiat currencies. You typically buy BTC on an exchange with e.g. USD, then transfer it (*withdraw* it) to your own wallet in order to spend it, with no permission or explanation needed. A list of trusted wallets & exchanges can be found in the faqs/wikis. Just like any exchange, there are usually fees involved, so shop around. There are also fees to send bitcoin itself, but these vary constantly and currently run to around 50 cents per transaction.
I’m not saying PoW is anyone should join. I’m saying you keeping relatively effective server running 24/7 is not giving you a penny back. Let’s say your server running rippled takes 500W so that’s 12kW per day. You Canadian so the cost is about at least 10c/kWh. So it’s around $1.20CAD per day and $438CAD a year. Plus hardware. Let’s say hw is about same and round it $1000/year. That’s absolutely minimum. More like $4000 or n reality but let’s keep it $1,000CAD. XRP is now what? $3CAD. It has about tripled during seven years. You think your effort to put seven years is minimum $7000 and what was XRP 7 years ago? $0.7CAD. So you spent $7000 and absolutely no return for running rippled. Why wouldn’t you put the money in XRP. If you’d put same $72 a month to BTC the seven years how much worth it would be now. Exactly what do you mean the best incentive is no incentive. You would have $36,000 of BTC now if you’d spend the amount of money through DCA to BTC as you have spent in running rippled.
1 USD = 1 USD 1 CAD = 1 CAD 1 BTC = 1 BTC You are a citizen of a "Bitcoin country" that exclusively uses Bitcoin for savings, and prices all its goods and services in Bitcoin - you wouldn't care what other currencies are worth. You can buy a candy bar for 1 USD today, but in the past, it cost a quarter dollar. You can buy a candy bar with 0.000012 BTC today, but in the past, it cost 1 BTC. If you are an Alien observer in orbit watching these humans trade for 50 years, and witnessed this Bitcoin country and America, out of those two currencies, which would you choose to exchange if you were to join their trade?
Great question. See if this works: Friend has an uncle who sends him money from Canada to Sri Lanka. Instead of the uncle sending the friend 100 CAD he can send you 0.00085347 BTC. You can then hand the friend 21473.08 LKR. Write everything down so that everyone knows what to expect. You just got bitcoin without any exchange fees, only the blockchain fee and your friend got his money without any fees. Use [coingecko.com](http://coingecko.com) for pricing.
> No, no it won't. I agree. Bitcoin is way to correlated to US stocks for it to benefit from the collapse of the US Dollar. This is not 2013. Since then Bitcoin has pivoted from a P2P cash Cyberpunk currency to a high beta financial asset traded on Wall Street, more of ten than not with significant leverage. I can see the following doing well in a USD collapse: Gold, EUR, JPY, GBP, CHF, possibly CAD and AUD. In crypto Monero (XMR).
Merrily dumped another load of CAD into it It was at 83 before my nap and woke up to sats on discount :D
Google still says "119,303 CAD" even tho it's down to $111,931 CAD.. they're as delusional as Trump lol WHERE'S THE $8k GOOGLE?? HUH?
Yeah, makes you think eh? The first time I ever heard of it I was in 2011, I think. I was slaving away in a restaurant kitchen for $12 CAD an hour, forever one missed paycheck away from being homeless, stealing food from my own employer on occasion. Anyways, I came around to Bitcoin when I was ready.
I compare to Canadian dollars. Up 7% more over the past year in CAD compared to USD (because CAD is 💩)
Thansk for the info. Since I'm 28, my maximum contribution limit is 71K. I'm no where near that limit, but have made lots of money over the last 3 years on wealthsimple. My total contribution as of today is 21,000 CAD. My accounts value is hovering around 43,000 CAD. I put everything into gold in the beginning, Waited, waited, waited, sold gold for other assets, then every time i got paid from work, Put more into gold, Waited, Waited, sell gold into more assets, rinse and repeat. I read up the federal laws, as long as you stay under your LEGAL Contribution limit (71K for me) the CRA will not ding you with 1% fee and they will leave you alone.
It's up more against euros, CAD, pounds. About the same vs yen.
Exactly plus I also like seeing full coins not fractions of one because most people can't afford $115000 CAD for 1 Bitcoin 🤣
On bitcoin.com yes 166$ CAD
Whoops I was thinking in $CAD
I heard about it … checked there is about 2000$CAD spread … as i am new I don’t know how to compare … is it alot or is it ok?
I’m for real lol, how would a random American valet know what CAD looks like? How often do Americans travel to Canada vs the other way around? It’s not like CAD is big in pop culture either
Why would an American know what CAD looks like? Could argue you as a Canadian are up your own ass for assuming a random valet driver would know lol
USD has (history) been stronger than CAD. In my experience, people gladly accept USD at parity so they get a little more for the hassle. Understandably, will probably be accepted less and less and USD may not be as strong over CAD.
That’s not any different than the U.S. not accepting CAD. In fact, Canada accepts (or did accept) USD much more frequently than the other way around. Especially in Quebec.
It can be a pain in the ass exchange currency in the US. Even CAD & Euros.
Ah no, it's much more likely that the CAD becomes legal tender in new England and the weat coast. But it's cute that you think so.
Canadians have accepted us currency forever, the US has always refused Canadian currency. Hell, Americans are so fucking up their own ass I tipped a valet in Seattle a $20CAD note because I ran out of US cash, and the fucking guy didn't even know where it was from....this is a two hour drive from my house...
USA: $27.7 trillion (2023) Canada: $2.89 trillion (2023) Canada’s GDP is only slightly greater than 10% of the entire US GDP. Insignificant is actually an understatement. Canada needs the USA. Without us, the cost of goods that Canada will have to import from other countries at a high cost will ultimately cripple the economy, as evidence by the value of CAD declining in value against the USD ever since mid-2024. Canada will eventually capitulate to the USA’s economic policies and trade demands and order will be restored peacefully.