/r/BitcoinCA

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Let's talk about Bitcoin in Canada

This subreddit is about Bitcoin for Canadians.

Join The Bitcoin Discord:

A Bitcoin Only Tech & Support Chat

Run A Bitcoin Node:

BitcoinCore.org
BitcoinKnots.org

Get a Bitcoin Wallet:

Bitcoin.org Recommended Wallets
Coldcard Bitcoin Hardware Wallets

Buy Bitcoin:

Recommended Canadian Bitcoin Services

Bull Bitcoin (Buy & Sell Bitcoin)

Non-custodial / P2P exchanges & Swap Services

Centralized Crypto Exchanges, Services & Apps

Buy In Person

Please note: That most of the exchanges require identity validation. It's normal if they ask you for IDs, it's not a scam, it's normal KYC/AML policy. Some of the above links are affiliate links.

Spend Your Bitcoin:

Community Rules:

  • Do Not Promote Altcoins. Promotion and Mention of Bitcoin Hardforks Will Be Removed. Altcoin posts will be removed.
  • No referral links in submissions, solicitation or spam. Shills will be banned.
  • Do not use URL shortening services for post submissions: always post the real link.
  • No begging.
  • News articles that do not contain the word "Bitcoin" are usually off-topic. This subreddit is not about general financial news or shitcoins.
  • Submissions that are mostly about some other cryptocurrency belong elsewhere and will be removed.
  • This subreddit is bilingual (French and English). Let's not get into a flame war.
  • More Details Here

Communities:

Tools:

Follow the market:

Merchants:

Gaming and Faucets

Contact a mod to add your site! We do not endorse these sites. If you lost money doing a transaction with them, we are very sorry but we cannot be held responsible.

/r/BitcoinCA

88,875 Subscribers

10

Assigning crypto gains to spouse

I suspect gifting my crypto to my spouse is possible for tax purposes. The gift being a taxable event but from then on, the taxable events would go against the spouses income. Anyone know anything about this?

I'd rather not hear from those who advocate for tax avoidance. I prefer to operate above board even if I believe taxation with ineffective representation is deeply unethical.

31 Comments
2024/11/30
13:09 UTC

2

What are your thoughts about the tradition stock market?

I've been wondering what people who are bitcoin supporters think about the normal stock market. I have been recently (last 3-5 years) becoming more and more a hardcore bitcoin kind of guy because of my lost of faith in fiat and everything around it. I understand the companies have "real value" in that they produce some kind of service or product but with companies "buying back their stocks" and the money printer going brrrrr and artificially supporting the stock market i get an uneasy feeling about it all. I am not here to cast away the whole stock market as a balloon but i am having a hard time justifying any investments in it. Do you invest in the stock market? What are you ratios like? 50%50%? 20%80%?80%20%?

And also why do i get this feeling that the stock market is heavily manipulated and want to stay away from it. Am i wrong with this feeling ?

47 Comments
2024/11/30
00:00 UTC

12

Educate - Bitcoin as an Asset for the City of Vancouver

Can someone please provide another perspective on Bitcoin as a reserve asset for https://www.reddit.com/r/vancouver/comments/1h2vhu6/could_vancouvers_public_funds_be_used_for/?utm_source=share&utm_medium=web3x&utm_name=web3xcss&utm_term=1&utm_content=share_button

The comments are very one sided...nobody has done the work nor the open mind. But for those who are more open minded, I am sure they are open to evidence.

8 Comments
2024/11/29
23:59 UTC

120

Oh Canada

29 Comments
2024/11/29
18:19 UTC

17

Canadian Federal Bitcoin Reserve!

It’s time to be a man Canada and build up a Bitcoin reserve for our future!

113 Comments
2024/11/28
19:40 UTC

13

What site do you use to buy bitcoin?

Jw which has the lowest fees and spread, and why you choose the platform that you did!

90 Comments
2024/11/28
15:22 UTC

2

Trading volume

Hi,

I have invested in stocks before and I have done some trading with crypto. But, I want to pay more attention to cryto. I am a bit consfused with the taxes. Do you know how many trades I can make in a month since crypto is violate, I wanted to profit off the pumps and dumps, along the charts. I was wondering would I be classified as capital gains tax or business tax.

3 Comments
2024/11/28
05:20 UTC

2

Bitcoin Wallet Black Friday Deals?

Hi guys,

I’m looking to finally buy a bitcoin wallet but don’t know much about it yet. Ideally something that can also hold other coins but I guess that’s not a thing? But BTC is def most important for me anyway. I was hoping someone could recommend a good one that ideally has a Black Friday Deal going on?

22 Comments
2024/11/28
04:10 UTC

7

Best OTC exchange for canadians

34 Comments
2024/11/27
13:47 UTC

0

BitCoin will keep climbing! Vote me for PM!

I’m going to say BTC will keep climbing. It will be within the next years. If it climbs up, make sure you vote me as your Prime Minister.

If it crashed like 2023 ($16k), don’t blame me. I said it will go up within next years.

Just like the other right wing post indicating

Pierre Pollievier is right and will make us rich And Justin Trudeau will make us POOR! He doesn’t want us to invest in BTC! He just want us to be POOR!

The conservatives leader Pierre Pollievre told ppl to invest in BTC around 2021. BTC crashes in 2022 and he stopped telling people to invest in BTC.

3 Comments
2024/11/27
02:36 UTC

1

Optimizing Solar Surplus: A Smart Mining Solution for Energy Self-Consumption

Hello, I have solar panels at home that produce a big surplus in summer, I would have liked to put miners at home to use the lost electricity, I did some research but I have the impression that it exists.

I had the idea of a custom os for existing miners who deactivated their chip on request, the system looks in real time if we are in overproduction and if this is the case, it activates the chips accordingly, it is not as precise as a water heater resistance but it is already not bad.

Do you have solutions?

2 Comments
2024/11/27
02:33 UTC

0

Just curious.

I have seen some wildly optimistic projections about bitcoin. And so much FUD. What year do you think 1 sat = 1 CAD?

4 Comments
2024/11/27
01:38 UTC

0

Post selling crypto question

After moving crypto from a wallet to an exchange and sell it, do you...

  1. hold it in cash on the exchange until you need to buy again

or

  1. convert it to a stable coin and send it back to your wallet
12 Comments
2024/11/26
20:26 UTC

7

Best Place to Buy and Hold Bitcoin for Recurring Purchases?

What's the best place to buy Bitcoin in Canada regularly (e.g., weekly or monthly)? My goal is simple: buy, hold, and minimize fees and risks. I’ve been researching, but I’d love to hear your thoughts and suggestions.

58 Comments
2024/11/25
19:40 UTC

6

Ndax or kraken for active trading

Is it just personal preference? I know to deposit kraken charges 0.5% fee while Ndax is a flat fee of $1.50. Is there any other major differences?

21 Comments
2024/11/25
17:17 UTC

3

A question about exchange limits and wire transfers

  1. Is the $30,000 limit a per exchange policy? I notice that Kraken and NDAX lists Alberta as non-exempt while in Coinbase its exempted?
  2. Have any of you sent a wiretransfer to Kraken lately? My bank was unable to find Bank Frick on their system. If you have been able to send a wire transfer recently to Kraken, can you PM me which bank it was from and how was your process (if you're not comfortable in sharing in the post). I printed out the instructions from Kraken to avoid any mistake on my part and gave it to the clerk but sadly they can't figure out how to send it. A manager even tried to help but said they don't know.
6 Comments
2024/11/23
20:53 UTC

127

Dennis Porter: "I told the former Prime Minister of Canada that they need to start a Strategic Bitcoin Reserve." 🇨🇦 🇺🇸

101 Comments
2024/11/22
23:23 UTC

4

Coinbase VS Kraken VS Kucoin VS Other CEX

Been using Coinbase for some time now and can’t complain. How does it compare to other CEX in your experience ? Please no bots only real helpful humans 😁

23 Comments
2024/11/22
21:36 UTC

2

Cheapest way to get BTC to Ledger

Currently I send from Kraken to the cold wallet. Are there any other suggestions?

7 Comments
2024/11/22
16:00 UTC

5

Gap between Bitcoin ETF valuations and their BTC holdings value - website?

Back in 2021 when the Canadian Bitcoin ETFs launched and GBTC started in the USA, there was a website that showed the current ETF market value vs the valuation of the underlying BTC held in each BTC.

I would love to see this again, for both Bitcoin and ETH ETFs, ideally including both Canadian and USA ETFs. I'm sure it exists. I can't believe I didn't bookmark it!

Does anyone remember this website or have a similar source? Thank you!

3 Comments
2024/11/22
15:04 UTC

58

Best Way to Swap ETH for BTC?

Looking to swap ETH for BTC without having to sell ETH for cash and then buying BTC. Is there a decentralized way to do this efficiently? Thanks!

21 Comments
2024/11/22
11:26 UTC

40

That remind me couldn’t have been better timed as BTC about to cross 100k USD

9 Comments
2024/11/22
07:05 UTC

5

Is it too late to buy bitcoin ? 🤡

64 Comments
2024/11/22
04:50 UTC

18

Bitcoin about to hit 100k. Let’s watch it now.

6 Comments
2024/11/22
03:57 UTC

2

Should I be buying Bitcoin or continue buying through an ETF?

I currently own a small amount of actual bitcoin that I bought on shake pay (about 0.05 btc at avg entry of 15k USD), the rest of my actual crypto are in mainly large and medium cap alt coins, which I plan to rotate into bitcoin this market cycle.

Luckily right now I am in a position where I have a good amount of extra income that I can use to invest. With that I've have been buying VEQT/VFV shares as well as FBTC shares. This has all been within my TFSA, where I still have about 16k worth of room and then 7k more on Jan 1st, 2025.

Is it better to keep buying in my TFSA, or should I directly be buying bitcoin? What about once I run out of TFSA room? Then RRSP? or again just straight bitcoin?

THANKS!

24 Comments
2024/11/22
02:40 UTC

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