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>be in Canada
>need to open a new bank account to deposit to QuadrigaCX - 15$ monthly fees
>Instant Interac Online transfer - 1.5%
>Buy BTC - prices higher than on Coinbase
>Send BTC to exchange - BTC transaction fees
>Trade - commission fees
>Send BTC back to QuadrigaCX to cash out - BTC transaction fees
Sell BTC - comission fees
Cash out - 5% fees
Pay taxes 50% of capital gain
There must be a way to minimize those costs
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>>2930406
Send Crypto to Mexican Exchange Bitso
Make someone cash out the money( NO TAX just 1 percent fee from exchange)
make that person wire the money via local bank
??????
profit thats what i did anyway
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>>2930406
You only pay tax on 50% of your capital gains based on your tax bracket.
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>>2930460
Yeah but all of it adds up quickly... you need to be making large profits for it to be more lucrative than trading stock from a TFSA..
Trying to figure out ways to minimize cost.
Anyone sent a bankwire to fund Quadriga? I was about to do it but it gave me an address to shady bank in the ex USSR (funny enough my birth city) and I got scared and canceled.
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>>2930501
I've sent about 6 times through bank wire, about 40k total, it was easy, most times I got the funds credited within 24 hours.
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>>2930432
How did you find a trustworthy mexicanbro?
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>>2930406
Can't you just withdraw at a bitcoin atm and buy things exclusively with cash
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>>2930509
Thanks anon
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>>2930516
The only one in Montreal got shut down a year ago
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>>2930533
Really? Google bitcoin atm finder I doubt that
Toronto has dozens
If your gains are worthwhile enough I'm sure you'd he willing to drive a few hours to get your money
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