Post your strategies for trading in Canada if you live here.
1. How do you get your money to the exchange of your choice?
2. What if you want to trade AltCoins?
3. How do you cash out dodging the most amount of fees possible?
Ideally I'm trying to find the most access to various coins with the easiest way to cash out.
>>2042155
I deposit USD on Kraken directly from my RBC account, and then buy whatever coins Kraken has listed. Most of my investment has gone into XRP because of the limitless upside and low price.
I insist on using Kraken, they claim to have full capitalization, and I won't take the risk with other shitty ass exchanges. I don't really speculate on the new shitcoins.
>>2042155
>1. How do you get your money to the exchange of your choice?
https://www.quadrigacx.com/
It's for Canada
Transfer from there to any other exchange
I was buying on coinbase and transferring to bitfinex because eth was worth like 5% more there, but currently the difference is negligible. I'm going to submit my verification stuff to Kraken today and just start buying there directly.
>>2042183
Any experience with them?
OP Here.
Please don't neglect the most important question, 3.
You're not making any money until it's out and safe in your bank account.
Remember to post your fees too, I'm looking for the most economic option as well as easiest.
>>2042155
POSW is fucking gay u faggot nigger. Make it moon so I can dump this shit coin
>>2042229
I haven't cashed out yet, but apparently you should make a US Dollar savings account at your bank and have your money wired there first before switching it to loonies because the bank may give you a better exchange rate. You'd have to actually look at the numbers though, ymmv
>>2042200
They have an office in Vancouver so they're legit
>>2042313
Ideally I think it would be best to have a US Savings/Checking account. The only thing is, I feel it would be somewhat stupid to open one of these as a beginner trader given that Crypto would all it would be used for. Maybe once you get the hang of it and it's profitable for you, then sure it's probably the best bet.
>>2042200
very legit place, but transfer takes fucking ages to deposit into your bank, or getting a reply from them via email. seems understaffed as it takes fair bit of time to get verification done & email back from them.