#crypto exchange in canada

[crypto195]

Top Cryptocurrency Startups in Canada

Discover Innovative Cryptocurrency Startups in Canada Learn about the top cryptocurrency firms in Canada that are thriving in industries like gaming, lending, trading, DeFi, and blockchain infrastructure. These forward-thinking businesses are influencing the direction of technology and digital finance by providing cutting-edge solutions that spur expansion and change the crypto scene in Canada and abroad. Leading Crypto Startups in Canada The blockchain business in Canada is growing, and its future is being shaped by creative startups. These enterprises provide businesses and consumers with innovative services. Launched in 2018, Ledn specializes in neglected markets such as Latin America and offers specialized loan and borrowing products in the crypto finance space. Another 2018 startup, VirgoCX, provides a safe and easy-to-use cryptocurrency trading platform that emphasizes security and openness. Asteroid 1 provides CAD-based trading and teaches Canadians about digital currencies, while Index Coop streamlines decentralized finance through controlled cryptocurrency indices. TrustSwap creates safe DeFi apps for investors of all stripes, including institutional clients. These firms demonstrate their broad reach by driving blockchain innovation and impacting industries like gaming. Innovative Blockchain Solutions for the Gaming Industry Thanks to cutting-edge blockchain solutions, the Canadian gaming industry is undergoing a major transformation. From traditional RPGs to the growing sector of online casinos in Canada, companies like Horizon Blockchain Games Inc. are leading the way by creating user-focused environments where players can control their digital assets and participate in transparent economies. This tactic gives players a true sense of ownership over their virtual in-game possessions in addition to improving their gaming experiences. Another well-known company based in Vancouver, Dapper Labs, is skilled at creating immersive blockchain-powered experiences that combine gameplay with real-world interactions. By utilizing state-of-the-art blockchain technology, Dapper Labs creates novel revenue streams and vibrant gaming communities. By establishing ground-breaking game markets based on real asset control through seamlessly integrated secondary marketplaces for player-to-player exchange of digital property, Mythical Games is also breaking new ground in the industry.

To Know More- top cryptocurrency startups in Canada

[bitcoinmemes]

Shakepay Referral Code (Get $20 Sign Up Bonus)

Shakepay Referral Code: FM8INVL

Get $20 sign-up bonus when you trade $100 CAD or more. Shakepay is a great exchange for beginners

You will get $20 added to your account when you use this Shakepay promo code and also activate the ‘ShakingSats‘ rewards easter egg.

To be eligible to receive the $20 sign-up bonus you will need to verify your account with ID, email, and phone number. You will also need to deposit and buy at least $100 of cryptocurrency. Use Interac E-Transfer to easily buy and sell Bitcoin and Ethereum in Canada with Shakepay.

How Does Shakepay Work?

Shakepay is a Canadian cryptocurrency exchange. They can exchange Canadian Dollars $ for Bitcoin or Ethereum.

Shakepay is NOT a wallet. They do not have a seed phrase and it is best practice to move your coins off exchanges to your wallet.

To buy/sell Bitcoin or Ethereum on Shakepay:

Sign up for Shakepay and verify your account

Deposit $ CAD with Interac E-Transfer

Exchange dollars for crypto

SEND crypto from Shakepay to your wallet RECEIVE address

How to Refer a Friend on Shakepay

Already have a Shakepay account and want to refer a friend. Here is how you can refer a friend and you and your friend will both get a $20 sign-up bonus.

Open Shakepay App

Click > Settings (Gear icon, bottom right)

Click > Refer a friend

This will give you a unique Shakepay referral code that you can share to be credited with the referral and earn the bonus.

Click here to get the Shakepay sign up bonus: https://shakepay.me/r/FM8INVL

[netincomesource]

Exploring the Best Crypto Exchanges in Canada in 2024

hi friends In this guide, we delve into the best crypto exchanges available to users in Canada. Whether you’re a seasoned trader or a novice investor, choosing the right platform is paramount to your success in the digital asset market. I’m going to quickly talk about how to get started with trading crypto in Canada and which crypto exchange is best for you based on your situation and level of…

[mariacallous]

The prospect that US residents may soon be able to invest in bitcoin through their brokerage, as if it were a regular stock, has prompted a fresh round of hype in crypto circles—and a surge in crypto prices.

Several investment firms, including heavy-hitters like BlackRock and Fidelity, are queuing up to launch a spot bitcoin exchange-traded fund (ETF) in the US. These funds would track the price of bitcoin, making them the closest thing to investing in the crypto token directly without dealing with a crypto exchange or storing crypto manually, a process fraught with risk.

After a bruising 18 months in which crypto prices buckled, high-profile businesses collapsed, and two crypto figureheads were convicted of crimes in the US, the crypto industry is supposed to be cleaning up its act. That the US Securities and Exchange Commission (SEC) appears to be entertaining a spot bitcoin ETF after years of resistance is seen by some as a signal that crypto is moving beyond its free-wheeling years.

The arrival of such a fund in the US—by far the world’s largest ETF market—“is a significant milestone,” says Samson Mow, a prominent bitcoin evangelist and CEO of bitcoin-centric technology firm JAN3, as it will allow investors to hold bitcoin through a conventional financial product for the first time.

While there is broad consensus around the likelihood of an ETF approval among analysts, the idea that it would be symbolic of the industry’s coming of age is contradicted by the frenzy of speculation around what will happen to the price of bitcoin.

On X, crypto influencers with hundreds of thousands of followers are predicting an ETF will send the price of bitcoin soaring, in posts peppered with the rocket ship emoji. The arrival of a spot bitcoin ETF, claims Mow, will unlock a wave of pent-up demand and lead a “torrent of capital” to “pour into bitcoin.” Institutions and other investors that either cannot or choose not to invest in unregulated financial products will seize the opportunity to invest, he says, driving the price far beyond its previous heights.

An ETF might point to a growing acceptance of bitcoin among legacy financial institutions, but the implications for the price of bitcoin are being both mis- and overstated, ETF analysts warn, and the boosterism on display shows that little about crypto has changed.

Twelve applications for spot bitcoin ETFs are awaiting approval from the SEC. Delays are commonplace, but the agency is due to make a call on some of the applications as early as January 1, 2024. The three ETF analysts who spoke to WIRED expect the SEC to green-light a spot bitcoin ETF at some point next year.

In Canada, Germany, and elsewhere, spot bitcoin ETFs already exist. And US investors have had access to bitcoin futures ETFs, the value of which are correlated with the price of bitcoin, since 2021. The approval of a spot bitcoin ETF in the US is significant because it would, for the first time, give US investors access to a close proxy to bitcoin in a familiar and regulated format.

The attention paid to the topic by crypto trade media emphasizes the current fixation in industry circles. Since this summer, when speculation about the arrival of a spot bitcoin ETF began to ratchet up, crypto news site CoinDesk has published dozens of articles and videos on the topic.

In that same period, crypto markets have experienced dramatic swings, and the price of bitcoin has risen by almost a third. In some cases, price swings have been triggered by rumor and misreporting. On October 16, crypto outlet CoinTelegraph issued a retraction and apology after putting out an erroneous post on X announcing the approval of the first spot bitcoin ETF in the US, based on a screenshot posted by an X user, which led to a buying spree that increased the price of bitcoin by 10 percent.

On November 13, a falsified ETF filing relating to a separate cryptocurrency, XRP, caused a 13 percent rise in the token’s price. By the end of the day, those gains had evaporated. The Financial Times calculated that “imaginary bitcoin ETFs” were already worth 30 times the actual spot bitcoin ETFs already in existence worldwide.

Some ETF analysts, like Aniket Ullal of investment research firm CFRA, share the belief that the arrival of an ETF is likely to increase demand for bitcoin as an investment asset. But the effect on price will not be a “short-term spike,” Ullal says, but rather stretch out over multiple years.

Others say it will have the polar opposite effect to that predicted by figures like Mow, and that the price of bitcoin could plummet as investors attracted by the hubbub quickly cash out their winnings. “The idea that there is a huge pile of demand that will somehow materialize is just not true,” argues Peter Schiff, economist and CEO at asset management firm Euro Pacific. “It’s more of a ‘buy the rumor, sell the fact’ situation.”

The “narrative” that an ETF is a “catalyst for growing demand” has attracted speculators, says Bryan Armour, director of passive research strategies for North America at investment research firm Morningstar. “Hype has always been one of the core tenets of bitcoin. It seems like hype is at an all-time high.”

Figures from research firm Fineqia suggest the volume of crypto trading activity has surged in response to speculation over the approval of a spot bitcoin ETF and its market impact. In mid-November, daily trading volume on crypto exchanges reached $31.4 billion, the highest level in more than six months.

“There’s always the possibility that people are hyping it up for their own benefit,” says Mow, who adds that he doesn’t believe the broader crypto industry—which he considers to be separate from bitcoin and describes as a “grift”—is capable of cleaning up its act. “The crypto industry will keep churning out FTXs and people will keep investing because it’s a spectacle,” he says.

But whether or not bitcoin is different—a mature asset whose legitimacy would be “cemented,” as Mow claims, by an ETF approval—the relentless speculation surrounding it will expose investors to risk. “It is wildly volatile and should be handled carefully,” says Armour. But, he adds, people “hear the siren song and buy in.”

[coinatory]

Coinbase Engages with Canada's Big Five Banks

Coinbase, the U.S.-based cryptocurrency exchange, is in dialogue with major Canadian banks as it looks to gain a stronger foothold in Canada. This comes amid regulatory challenges the company faces in the U.S. Lucas Matheson, who heads Coinbase’s operations in Canada, told CoinDesk that he’s been actively engaging with top-tier Canadian banks, commonly known as the Big Five—though he didn't name them explicitly. Matheson expressed optimism that Canada's leading banks would start embracing the cryptocurrency ecosystem in the coming quarters. “We have five banks that serve the majority of Canadians, so one of my key objectives is to work closely with these banks to help them get onboard with crypto and support our industry,” Matheson said. Coinbase recently began its operations in Canada after facing legal troubles in the U.S., spec

Read more on Coinbase Engages with Canada's Big Five Banks

[blockinsider]

US Fed’s Anticipated Quantitative Easing Cycle Boosts Bitcoin (BTC) to Surpass Key Support Levels

Key Points

Bitcoin (BTC) price has closed above crucial support levels, following the start of the US Federal Reserve’s quantitative easing cycle.

The decrease in Bitcoin supply on centralized exchanges and the bullish crypto outlook for Q4 could push Bitcoin towards a new all-time high.

Bitcoin (BTC) saw a nearly 3% increase in its price over the last 24 hours, reaching a high of approximately $62,508 before settling around $62,138. This rally has resulted in Bitcoin closing above the 50-day Moving Average (MA) for two consecutive days, and surpassing the 50% level on the Relative Strength Index (RSI).

Despite a daily death-cross between the 50 and 200 MAs, Bitcoin has maintained a strong support level above $53,697 since early July. This has led to a triple bottom and a bullish divergence on the daily RSI.

Factors Driving Bitcoin’s Price Increase

The price rally of Bitcoin over the past 24 hours can primarily be attributed to the Federal Funds Rate cut, which initiated the quantitative easing cycle. The Federal Reserve reduced its benchmark interest rate by 50 bps, more than the 25 bps cut expected by Wall Street analysts. This move aligns the United States with the European Central Bank (ECB) and the Bank of Canada in stimulating their economies through lower interest rates.

The correlation between Gold and Bitcoin prices due to their common use as safe havens is another factor that could drive a major bullish recovery in the Bitcoin price. The supply of Bitcoin on centralized exchanges is at a multi-year low of approximately 2.35 million, down from over 2.7 million at the start of the year. This decrease is largely due to high demand from institutional investors and US spot Bitcoin ETFs.

Future Predictions

From a technical perspective, if the bulls remain in control, Bitcoin is on track to retest its all-time high in the near future. However, to ensure a rally towards $68k, Bitcoin must consistently close above $62k in the coming days.

If the bulls fail to defend the current rising trend, Bitcoin could retrace towards $54k before rebounding in the fourth quarter.

[taxpartners]

Top 5 Mistakes to Avoid When Filing Cryptocurrency Taxes

Filing cryptocurrency taxes can be a complex process, especially given the rapid evolution of digital assets and regulations. Whether you are a seasoned investor or new to the crypto world, avoiding common pitfalls is crucial for ensuring compliance and avoiding costly tax audits. Here are the top five mistakes to avoid when filing cryptocurrency taxes in Canada.

1. Failing to Report All Transactions

One of the most significant mistakes in cryptocurrency tax filing is failing to report all transactions accurately. In Canada, every trade, sale, or exchange of cryptocurrency is considered a taxable event. This means that even small transactions need to be reported. Many taxpayers overlook this, thinking that only large transactions matter, but the Canada Revenue Agency (CRA) expects a complete record. Incomplete reporting can lead to discrepancies that may trigger a tax audit for Bitcoin or other cryptocurrencies.

2. Ignoring the Tax Implications of Crypto-to-Crypto Trades

Crypto-to-crypto trades, where you exchange one cryptocurrency for another, are often misunderstood. In Canada, these transactions are considered taxable events. This means that you must calculate the fair market value of the cryptocurrencies involved and report any capital gains or losses. Many taxpayers neglect this aspect, assuming that since no fiat currency is involved, it does not need to be reported. However, failing to account for these transactions can lead to significant tax issues and potential penalties.

3. Misclassifying Cryptocurrency Transactions

Proper classification of cryptocurrency transactions is vital. Mistakes often occur when taxpayers misclassify transactions as either capital gains or income. For instance, if you are a day trader or an individual earning cryptocurrency from services, your transactions are considered business income rather than capital gains. Misclassifying these transactions can lead to inaccuracies in your tax return, potentially resulting in additional scrutiny from the CRA.

4. Not Keeping Detailed Records

Another common mistake is inadequate record-keeping. The CRA requires taxpayers to maintain detailed records of all cryptocurrency transactions, including dates, amounts, values, and parties involved. Without accurate records, it can be challenging to substantiate your claims and calculate gains or losses correctly. Utilizing cryptocurrency tax software or consulting a tax accountant specializing in cryptocurrency can help ensure that you maintain thorough and accurate records.

5. Neglecting Professional Tax Advice

Navigating the complexities of cryptocurrency taxation often requires expert guidance. Many individuals attempt to handle their cryptocurrency taxes without professional help, which can lead to errors and missed opportunities for tax optimization. Consulting with a tax accountant specializing in cryptocurrency can provide valuable insights and ensure compliance with Canadian tax regulations. A tax professional can also assist in strategizing to minimize tax liabilities and avoid common pitfalls.

Conclusion

Filing cryptocurrency taxes can be intricate, but avoiding these common mistakes can help ensure a smooth and compliant tax filing process. By diligently reporting all transactions, understanding the tax implications of crypto-to-crypto trades, accurately classifying transactions, maintaining detailed records, and seeking professional advice, you can minimize the risk of errors and potential tax audits for Bitcoin and other cryptocurrencies. For personalized guidance and expert assistance, consider reaching out to a tax accountant specializing in cryptocurrency at Tax Partners.

By avoiding these pitfalls and leveraging the expertise of a knowledgeable tax professional, you can navigate the complexities of cryptocurrency taxation with confidence and accuracy.

[insideoutvietnam]

What's Next for WEEX Exchange in North America: Moving from Toronto to Miami

TORONTO, Sept. 06, 2024 (GLOBE NEWSWIRE) — WEEX Exchange, a trailblazing platform renowned for its pioneering spirit in digital asset innovation, proudly unveils a new chapter in its esteemed WEEX WE-Launch series. Transport yourself to the vibrant canvas of Canada Crypto Week (August 7-17, 2024) in Toronto, where a tapestry of events exploring blockchain, Web3, DeFi, digital assets, AI, gaming,…

[bitcoinmemes]

Newton Crypto Referral Code – Get $25 Sign Up Bonus

Unlock a special $25 bonus when you embark on your cryptocurrency journey with Newton, Canada's user-friendly crypto exchange platform. Begin by using our exclusive referral code: YASRDJ, or click through our unique link: https://web.newton.co/r/YASRDJ, to sign up and dive into the world of digital currency with an added advantage.

Why Choose Newton? Newton stands out as the go-to crypto exchange for Canadians, offering a seamless experience with its intuitive interface design, competitive low fees, and a wide array of altcoins supported across multiple networks. It’s designed to cater to both beginners and seasoned traders looking for an efficient way to buy and sell cryptocurrencies.

Earning Your $25 Sign-Up Bonus:

Sign-Up: Begin by creating your account with Newton. Use the referral code YASRDJ or access the platform via our unique link to ensure you qualify for the bonus.

Account Verification: Follow the simple steps to verify your identity on the platform. This process is quick and ensures a secure trading environment for all users.

First Deposit: Make an initial deposit of at least $100. For convenience, we recommend using Interac eTransfer, a straightforward method to transfer Canadian dollars from your bank directly to your Newton account.

Buy Crypto: Navigate to the 'Add Funds' option to deposit CAD and then exchange your Canadian dollars for Bitcoin (BTC) or any other available cryptocurrency of your choice.

Bonus Eligibility:

To be eligible for the $25 bonus, ensure you trade over $100 CAD within the first 90 days of your sign-up.

If you've signed up without using the referral code or link, don’t worry! You have 48 hours post-verification to add the code YASRDJ in your referral drawer to still claim your bonus.

Seamless Crypto Transactions: With Newton, buying and selling crypto is as simple as:

Making a deposit via Interac eTransfer.

Using the funds to purchase Bitcoin or any altcoin available on the platform.

Sending your newly acquired crypto from Newton directly to your personal wallet’s receive address.

Why I Recommend Newton: As a frequent user, I've found Newton’s platform to be unparalleled in terms of ease of use, fee structure, altcoin variety, and network support. Its user interface is designed for effortless navigation, making it an ideal choice for anyone looking to get started with cryptocurrencies or enhance their trading experience.

Join the Newton community today and take the first step towards optimizing your crypto trading experience with a $25 bonus, courtesy of our referral. Explore the vast possibilities of the crypto market with Newton, where convenience, security, and variety meet.

Click here to get the sign up bonus: https://web.newton.co/r/YASRDJ

[interchangefinancial]

How To Transfer Money To Australia Easily from Canada

In an increasingly interconnected world, the need to transfer money internationally has become a common requirement for many individuals and businesses alike. Whether you are supporting family, paying for tuition, or managing international investments, Send Money to Australia from Canada efficiently and securely is crucial. Luckily, with a variety of available options, transferring money across borders has never been easier. This guide will walk you through the most effective ways to transfer money to Australia from Canada.

Understanding Your Transfer Needs

Before diving into the various methods available, it's essential to consider your specific needs. Are you transferring a one-time payment, or will you need to make regular transfers? Is speed more important than cost? Do you prioritize security or ease of use? By understanding your priorities, you can choose the best method to transfer money to Australia efficiently.

Traditional Bank Transfers

Traditional bank transfers are a tried-and-true method of moving money internationally. Most major Canadian banks offer the service to send funds directly to Australian bank accounts. Here's what you should know:

Pros: Bank transfers are highly secure and reliable. If you have an account with a major bank that operates in both countries (such as HSBC), you might benefit from additional services or reduced fees.

Cons: They are often more expensive than other methods, with considerable fees and less favorable exchange rates. The process can also be slower, usually taking 3-5 business days.

If you choose this method, it is advisable to compare fees and exchange rates among different banks and inquire about any partnerships they might have with Australian banks that could reduce costs.

Online Money Transfer Services

Online money transfer services have revolutionized the way we send money internationally, offering speed, competitive rates, and user-friendly platforms. Here are some popular services to consider:

1. Wise (formerly transferWise): Known for its transparency and real-time exchange rates, Wise charges a small upfront fee and uses the mid-market exchange rate. This can be one of the most cost-effective ways to transfer money to Australia.

2. PayPal/Xoom: Combining convenience with global reach, PayPal allows users to Send Money to Australia quickly. Their service Xoom specializes in remittances and offers fast transfers.

3. OFX: Renowned for no transfer fee on amounts above a certain threshold and competitive exchange rates, OFX is ideal for large transfers.

Pros: These platforms often provide better exchange rates and lower fees than traditional banks. They are also faster, with many services offering same-day or next-day transfers.

Cons: You may need to set up an account and verify your identity, which could take time. Additionally, each service has different fees and rules that you need to adhere to.

Crypto currency Transfers

For tech-savvy individuals, crypto currency can be a novel way to transfer money to Australia. By converting Canadian dollars into a crypto currency like Bit coin or Ethereum, you can transfer it to a recipient who can then convert it to Australian dollars.

Pros: Potentially lower fees and faster transfers, particularly if both parties are comfortable with crypto currency.

Cons: High volatility in crypto currency values can pose a risk. Additionally, both the sender and receiver must understand the process and know how to handle crypto exchanges.

Foreign Exchange Brokers

Foreign exchange (FX) brokers can be an excellent option, particularly for those needing to transfer large sums. They usually offer better Currency exchange rates and tailored solutions.

Pros: Personalized service, competitive rates, and the ability to fix exchange rates for future transfers.

Cons: FX brokers may require a minimum transfer amount, which may not be ideal for small transfers. The process may also involve more paperwork.

Tips for Transferring Money Safely and Efficiently

1. Compare Providers: Always compare multiple providers to ensure you’re getting the best deal in terms of fees and exchange rates. Websites and apps like Monito and Currency Fair can help with comparisons.

2. Watch Exchange Rates: Currency exchange rates can fluctuate significantly. If your transfer is not urgent, consider monitoring the rates and transferring when they’re in your favor.

3. Consider Transfer Limits and Fees: Be aware of any limits on transfer amounts and additional fees that may be incurred for larger amounts.

4. Check for Hidden Fees: Always read the fine print to avoid unexpected fees, especially when using online services.

5. Ensure Security: Use trusted providers and ensure that the service you choose complies with regulations in both Canada and Australia.

Conclusion Transferring money to Australia from Canada doesn’t have to be a daunting task. With the right information and by carefully choosing the best service for your needs, you can make the process straightforward and cost-effective. Whether you opt for traditional banks, embrace the speed of online money transfer services, explore the world of crypto currencies, or leverage the expertise of FX brokers, there are plenty of ways to efficiently transfer money to Australia. Always remember to balance your need for speed.

[harinibw]

The British Columbia Securities Commission (BCSC) concluded that David Smillie and his company, ezBtc, committed fraud, misappropriating approximately $13 million CAD ($9.5 million USD) in customer cryptocurrency assets between 2016 and 2019. Over 2,300 Bitcoin and 600 Ether, claimed to be securely stored, were diverted to online gambling and personal accounts.

EzBtc falsely assured clients of cold storage security, but the investigation exposed the misuse of assets. Smillie now faces potential sanctions, including fines and market bans, with a decision expected by September 24, 2024.

This case highlights the financial and emotional distress inflicted on investors, undermining trust in crypto platforms. Despite such setbacks, Canada's overall cryptocurrency adoption remains low, with only 3% of Canadians using digital currencies regularly. However, there’s positive news as 3iQ Digital Asset Management plans to launch North America’s first Solana exchange-traded product (ETP), signaling ongoing innovation in the sector.

[turkishnyradio]

Crypto Exchanges in Canada Scramble to Meet CIRO Membership Deadline