Binance No Longer Servicing Canada

Email that Binance sent out today to Canadian customers today.

Important notice about your Binance account

Dear Binancian,

We regret to inform you that Binance will be joining other prominent crypto businesses in proactively withdrawing from the Canadian marketplace. Albeit a small market, it held sentimental value for us as the home country of our founder. We had high hopes for the rest of the Canadian blockchain industry. Unfortunately, new guidance related to stablecoins and investor limits provided to crypto exchanges makes the Canada market no longer tenable for Binance at this time. We put off this decision as long as we could to explore other reasonable avenues to protect our Canadian users, but it has become apparent that there are none.

We ask the existing Canadian customers to close any open positions by September 30, 2023. From October 1st, 2023, Canadian customers will be put into liquidation only mode. 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 funds and cryptocurrencies from the exchange. Your funds will remain safe in your account until you withdraw them. You will be able to withdraw your cryptocurrencies to your self-custody wallet or your cryptocurrency account on another exchange.

While we do not agree with the new guidance, we hope to continue to engage with Canadian regulators aimed at a thoughtful, comprehensive regulatory framework. We are confident that we will someday return to the market when Canadian users once again have the freedom to access a broader suite of digital assets.

We sincerely apologize for the inconvenience caused by this change. If you have any questions or require assistance, please contact Customer Service.

Thank you,


How To Get Free Bitcoin & Crypto in Canada

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How to get Free Bitcoin
By: Craig Leontowicz | Published: May 14, 2023

I’ll be honest. When I first started in crypto I was extremely skeptical of everything.

I wanted to get as much free Bitcoin and crypto as I could because I am cheap and I didn’t want to risk any of my money. Getting free bonuses made things feel less scary.

Based on the last few years of my experience in crypto here is what I would do again to get as much free Bitcoin as possible.

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Kraken Review Canada

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By: Craig Leontowicz | Published: May 4, 2023

Kraken is one of the oldest, largest, and most trusted crypto exchanges in the crypto industry. They have a stellar reputation for security. I have been a Kraken customer for many years now.

All the screenshots in this Kraken Review are from my personal accounts and apps. I stake Ethereum on Kraken and have used it for the occasional crypto-to-crypto altcoin trade.

My Conclusion: Kraken is best and recommended for traders. Trusted exchange with a good reputation. Good UI design. The Kraken Pro website and app are fully featured for traders and it has been my go-to exchange for trading since the FTX implosion.

If you want a simple way to buy a small amount of Bitcoin I would probably recommend a different exchange that is simpler to use like Shakepay or Newton.

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Glossary of Terms: Bitcoin & Crypto

  1. Bitcoin – a decentralized digital currency that is based on a blockchain ledger system.
  2. Blockchain – a digital ledger that records and verifies transactions in a decentralized and secure manner.
  3. Cryptocurrency – a digital or virtual currency that uses cryptography for security and operates independently of a central bank.
  4. Altcoin – any cryptocurrency that is not Bitcoin.
  5. Mining – the process of solving complex mathematical equations to validate transactions on a blockchain and generate new cryptocurrency.
  6. Wallet – a digital storage space that holds your cryptocurrency.
  7. Exchange – a platform that allows users to buy, sell, and trade cryptocurrencies.
  8. ICO – Initial Coin Offering, a method of fundraising for new cryptocurrency projects.
  9. Smart contracts – self-executing contracts with the terms of the agreement between buyer and seller being directly written into lines of code.
  10. Decentralized – a system or network that is not controlled by a central authority.
  11. Fork – a split in the blockchain that results in two separate and distinct chains.
  12. Hard Fork – a type of fork that is not backward-compatible and creates a new blockchain.
  13. Soft Fork – a type of fork that is backward-compatible and does not create a new blockchain.
  14. Hash rate – the speed at which a computer is able to solve complex mathematical equations on a blockchain network.
  15. Public key – a cryptographic code that allows users to receive cryptocurrency.
  16. Private key – a cryptographic code that allows users to send cryptocurrency.
  17. Cold storage – a method of storing cryptocurrency offline to protect it from hacking and theft.
  18. Hot wallet – a digital storage space that is connected to the internet and used for frequent transactions.
  19. 51% attack – a scenario in which a single entity controls more than 50% of the computational power on a blockchain network, allowing them to manipulate the ledger.
  20. FOMO – Fear of Missing Out, the anxiety or apprehension that one might miss out on an opportunity or event.

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How To Fund Coinbase Canada

Fund Coinbase Canada
Fund Coinbase Canada

When I first set up my Coinbase account, I ended up just going in a loop of Reddit, Coinbase help, and Google searches trying to figure out how to fund my Coinbase account so I could buy some Bitcoin.

If you are Canadian you will need to use a Canadian crypto exchange like Shakepay or Newton to send money from your bank to a crypto exchange.

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Kraken Referral Code (Get $13)

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Kraken Referral Code
Written By: Craig Leontowicz | Updated: May 12, 2023

Join me on Kraken and we can both get $10 USD in Bitcoin or about $13 CAD. I have a limited number (9) of referral bonuses I can share.

To sign up go to:

The Kraken Referral Program allows you to earn a $10 USD referral bonus. Referrals are currently available on the Kraken app. Buys or sells made on Kraken Pro do not count towards eligibility for receiving a referral bonus. Once you sign up for Kraken using your invite link and buy or sell $100 USD in crypto.

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5 Canadian Crypto Exchanges to Set Up Corporate Accounts

Updated: February 7, 2023
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These 5 crypto exchanges allow corporate accounts in Canada:

  1. Bitbuy
  2. NDAX
  3. Shakepay
  4. Kraken
  5. Coinbase

Most corporate accounts require contacting the exchange and additional paperwork and verification.

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