INTERAC e-Transfer is a popular and easy way to buy and sell bitcoin, ethereum and other cryptocurrency in Canada.
This post is a super abbreviated version HowToBuyBitcoin101.com.
Simply, it is exactly what I tell my Canadian friends to do who want to buy and hold Bitcoin fast and easily. But don’t want to spend any time learning or researching.
This is the least amount of steps you need to take to safely buy and hold Bitcoin in Canada.
When doing research — I always like to add the qualifier ‘Reddit’ to a few related Google searches to try and get more unbiased reviews about cryptocurrency exchanges, wallets, scams and the laws / legality of crypto as a Canadian.
Here is my list of recommended subreddits I think you should check out when learning and researching crypto as a beginner.
If you are looking where in your bank account to ‘Buy Bitcoin’ — you won’t find a button that makes it fast or easy.
NO big Canadian banks or brokers directly sell Bitcoin to their customers.
Podcast are a great way to start learning about Bitcoin, altcoins, trading and other cryptocurrency news and updates.
This is by no means an exhaustive list of crypto podcasts… one guy can only listen to so much talk of blockchains.
Here is a list of blockchain and crypto podcasts I currently subscribe and listen to:
Updated: March 10, 2021
Trading cryptocurrency to cryptocurrency is a taxable event in Canada.
HODLers have to pay tax upon disposing, selling or exchanging cryptocurrencies.
Read the guide for cryptocurrency users and tax professionals by Canada Revenue Agency.
Crypto tax software connects your crypto wallets and exchanges. View your gains and losses. Download tax documents.