In this thread I will do my very best to explain how to purchase Bitcoin safely and deposit it onto Roobet.com
If anything is too confusing or you need further instructions feel free to message a mod for help!Be very aware of other users offering to sell you bitcoin or purchase on your behalf.If you are new to Bitcoin in general I strongly recommend watching this quick video on the basics of bitcoin safety https://www.youtube.com/watch?v=2z2xggmeW1A
After you have watched that or you already understand bitcoin skip to down below!
Buying Bitcoin Step 1 Chosing an exchange
Ok so you want to buy bitcoin to play on roobet? No problem! Bitcoin is super easy to use once you understand it! The first thing you need to do is pick an exchange to purchase from. I would recommend coinbase as it is a very large and trusted exchange. If coinbase does not work in your region then I would recommend Binance
The last option if buying online doesn't work would be a local Bitcoin ATM use google to find one close to you.
Step 2 Signing up - coinbase
Sign up using https://www.coinbase.com/join/carava_zo
to get a bonus 10$ btc on your first purchase Once you create an account you will be prompt to verify both a Email & Phone Number *Sometimes a photo id is required* *(It is recommend to add one as it will improve account security and increase your buying limit)* Follow the on screen prompts until you get to Add Payment Method Add your method of payment
Once you link a Bank/Credit Card you will now be in the main page https://preview.redd.it/a58hftutv8d51.png?width=1892&format=png&auto=webp&s=9ce87ba198fdcaad10a2da4725c1030fca4d1741
- Takes you to the main page
- Takes you to the main page
- Your Portfolio view your holdings here
- Check current market prices
- Buy sell and send bitcoin/Crypto
Click on Trade (5) SOMETIMES AN ID IS REQUIRED It is recommended to do this step even if you do not get the prompt as it will increase account security and increase your buying limit. Verify your Id by following the steps
Once you have a verified account you will be able to purchase Bitcoin for life! YAAAY :) Click on Trade (5) once again and now you will see this pop up https://preview.redd.it/absss1xrx8d51.png?width=373&format=png&auto=webp&s=93308c636588421ead42f557cc5c51beeea4c431
GO SLOW FROM THIS POINT ON THERE IS NO RUSH Select the coin you would like to purchase Select the payment method you have added in the previous step Ensure that One Time Purchase is selected so it does not recur automatically Confirmation Window
This is the last chance to cancel or change anything before you purchase. In this example I am making a purchase of $100 Cad worth of BTC Take not of Coinbase fees so you do not get confused once the BTC arrives Complete
Your BTC will be available instantly! that is the beauty of setting up a verified coinbase account! Step 1 is complete we have now successfully purchased our first amount bitcoin! Step2 Sending Bitcoin
Now we will go back to the home page by click ether the logo (1) or the home button (2) From the main page we will click on portfolio (3) https://preview.redd.it/dzvva71mz8d51.png?width=1892&format=png&auto=webp&s=9f2d1cd9052b7751afd22a97c6a52fa4fd669a23
Once we are in the Portfolio screen scroll down until you see Your Assets This will display all your holdings
Now click on Bitcoin and it will bring you to your bitcoin wallet on the right hand side you will see a Send and Receive Tab ALWAYS TRIPLE CHECK ADDRESSES
Ok we are going to Pause Coinbase here and head on over to our Roobet AccountIf you do not have a Roobet Account Follow the guide here ( https://www.reddit.com/Roobet/comments/hydyap/how_to_create_a_roobet_account/
On the roobet home page you want to click on Deposit https://preview.redd.it/6x49blj939d51.png?width=1409&format=png&auto=webp&s=a6acb178137f90d874297f067b83e8abb143b035
Once you do that the Wallet Window will pop up IF you have the coinbase app you can Scan the QR code to deposit (not the one in the screenshot unless you want to deposit into my wallet!)
TRIPLE CHECK BEFORE CLICKING SEND
- Copy the Bitcoin Address (Your bitcoin address not the one in the screenshot)
- Head back to coinbase
- You should still have the Sent/Receive tab open if not open it back up
- Put in the amount of BTC you wish to send
- I like to add a note to keep my purchases organized this is optional
- PASTE THE ROOBET DEPOSIT ADDRESS WE COPIED FROM STEP 1
- DOUBLE TRIPLE QUADRUPLE CHECK THE ADDRESS IS CORRECT YOU ONLY GET 1 SHOT AT THIS GO SLOW
- If everything looks good click send
You will be given a confirmation screen again take note of the fees It is easy to get confused especially with currency conversion its always best to look at the BTC amount not the $ amount. (pro tip) Last chance to check everything
Once you confirmed everything click send and the BTC is on its way! Go back to roobet and keep an eye on your notifications. Thanks to Roobet Instant funding you only need 1 confirmation before your funds are ready to go! https://preview.redd.it/14x2wwmo59d51.png?width=524&format=png&auto=webp&s=d40212fd1b67555fecb6e7f69c78d47c1abe569f
Thats it!!!!You have successfully purchased and added BTC to your roobet account! Things to note Bitcoin is risky be safe take time to learn it Gambling is risky... Crpto is risky this website combines both please take the appropriate steps to ensure not only your financial safety but also your metal health Play Smart Play Safe
Thank you for reading!if this helped you at all I would love it if you used my links above when signing up This was my first reddit guide I apologize if it is messy/confusing I will work on the formatting any Feedback is appreciated
This post will show you the best ways to buy litecoins using many different payment methods and exchanges for each method. Before you start, make sure you have a good litecoin wallet to store your LTC. NEVER store your litecoins on a crypto exchange.
Popular Exchanges eToro
- Start trading fast; high limits
- Easy way for newcomers to get bitcoins
- Your capital is at risk.
- High liquidity and buying limits
- Easy way for newcomers to get bitcoins
- “Instant Buy” option available with debit card
- Works in almost all countries
- Highest limits for buying bitcoins with a credit card
- Reliable and trusted broker
Buy Litecoin with Credit Card or Debit Card
Let’s dive into some of the exchanges supporting Litecoin credit card purchases.
These exchanges are our favorite ways to buy.
Coinbase is the easiest way to buy litecoins with a credit card.
Coinbase is available in the United States, Canada, Europe, UK, Singapore, and Australia.
The fees will come out to 3.99% per purchase.
Here is a good video that can help walk you through the process of buying on Coinbase, although it’s fairly easy.
Coinmama recently added the ability to buy litecoin directly on the platform. Users from nearly any country in the world can use Coinmama to buy litecoins.
Coinmama has some of the highest limits among credit card exchanges.
BitPanda is based in Austria and is a crypto brokerage service. You can buy using a credit card from most European countries.
CEX.io is based in the UK and is one of the oldest crypto exchanges online.
CEX.io supports litecoin and its users from nearly anywhere in the world can buy litecoin with credit card on the platform.
Buy Litecoin with Bank Account or Bank Transfer
Coinbase is the easiest way to buy litecoins with a bank account or transfer.
Coinbase, like is is for credit cards, is available in the United States, Canada, Europe, UK, Singapore, and Australia.
Coinbase is one of primary exchanges used to buy Litecoins.
Americans can use ACH transfer (5–7 days wait), and Europeans can use SEPA transfer (1–3 days wait).
The fees will come out to 1.49% per purchase.
BitPanda is based in Austria and is a crypto brokerage service. You can buy using SEPA transfer from most European countries. You can also use SOFORT, NETELLER, or GiroPay.
CEX.io also supports litecoin buys via bank account. This is via wire transfer for US citizens, SEPA for Europe, and SWIFT for the rest of the globe.
Binance is now one of the largest if not the largest cryptocurrency exchange in the world. It supports bank and card purchases of Litecoin as well as Litecoin trading pairs with Bitcoin and Etehreum.
Get a Litecoin Wallet
Before we move onto other options:
Never store your litecoins on an exchange!
Always withdrawal your litecoin to an offline cryptocurrency wallet like the Ledger Nano S or any other wallet that you control.
The Ledger Nano S and TREZOR are the best options for secure storage.
Other Methods to Buy Litecoin
If you don’t have a card or want to avoid the high fees, you can use the following methods to buy Litecoin as well.
Find out which one works best for you.
Buy Litecoin with PayPal
Unfortunately, there is no easy way to buy Litecoin with PayPal. Other sites will tell you that cex allows for this, but that is no longer the case.
You can, however, now use eToro to buy Litecoin, unless you live in the United States.
If you live in the US, the only way to buy Litecoin with Paypal is to buy Bitcoin using paypal, and then use the Bitcoins to buy Litecoin. You can easily buy Bitcoin using Paypal on Local Bitcoins. Once you have Bitcoin, you can use an exchange like Coinbase Pro to swap the Bitcoin for Litecoin.
Buy Litecoin with Cash
There is no good way to buy litecoins with cash. LocalBitcoins is the most popular way to buy bitcoins with cash, and it does not have Litecoin support. Other popular cash to Bitcoin exchanges like BitQuick and Wall of Coins also do not support LTC. So you will have to first buy bitcoins with cash then exchange them for LTC using the method described below.
The same goes for Bitcoin ATMs. Most do not support Litecoin. So if you want to buy litecoins at a Bitcoin ATM you first have to buy bitcoins and then trade the BTC for litecoins.
Buy Litecoin with Bitcoin
If you already have Bitcoins then it is VERY simple to convert some of your BTC to litecoins.
You just need to find an exchange with the LTC/BTC pair, which is most exchanges since LTC/BTC is a very popular pair to trade.
Buy Litecoin with Skrill
BitPanda, mentioned above, also accepts Skrill payments for LTC. The fees will vary and are simply included in your buy price.
is probably the fastest way to convert BTC to Litecoin. You just enter the amount of LTC you want to buy, and give them a LTC address. Then they will tell you how much BTC to send to their address. Once your BTC is sent, you will have LTC delivered to your wallet very shortly after.
Buy Litecoin with Ethereum
Ethereum has experienced a massive price rise. Nearly a year ago it was $10, and now at over $500, many want to move some of their ETH gains into other coins like Litecoin.
Litecoin has very good liquidity, and is very popular among traders especially in China.
So this guide is going to show you how to buy litecoins with Ethereum. We will show some of the best exchanges you can use, and the pros and cons of using different types of exchanges over the other.
is one of the most unique exchanges, and also one of the fastest ways to convert your ETH to LTC.
With Cryptmixer you do not even need to store your money with the exchange, meaning you are at very little risk of getting your funds stolen.
With Cryptmixer you simply specify the amount of LTC you want to buy, and specific the address to where your litecoins should be sent and within 30 minutes you will have LTC delivered to your wallet.
Poloniex is the world’s largest altcoin exchange. However, there is a huge downside to using Poloniex to convert your ETH to LTC:
Poloniex does not have a LTC/ETH market, meaning you have to first trade your ETH to BTC, and then trade your BTC for LTC.
While this method works, you will have to make multiple trades and also pay fees twice.
Shapeshift is basically the same as Cryptmixer, and was actually the first company to come up with the concept of an exchange that does not hold your own funds.
Frequently Asked Questions About Buying Litecoin
Many of you may still have lots of questions about how to buy Litecoin.
Odds are we have answered almost any question you could think of below.
We will aim to answer many of the most common questions relating to buying Litecoin.
Why are there limited options to buying Litecoin using other altcoins?
The issue in all crypto markets is liquidity. As the space gets bigger, the liquidity also gets better. But as of now, the only VERY liquid cryptocurrency is Bitcoin. So exchanging two altcoins between each other is often harder than if BTC was involved on one side of the trade.
How much is a Litecoin worth?
Like all currencies, the value of Litecoin changes every second. The value of Litecoin also depends on the country you are in and the exchange you are trading on. You can find the most up to date price on Coinbase
How do I buy Ripple (XRP) with Litecoin?
The best way to buy Ripple using Litecoin is to either use a non KYC exchange like Cryptmixer or start an account on Binance
or Coinbase Pro and sell your Litecoin for Ripple. Look for LTC/XRP trading pairs, and make your trade.
How long does Litecoin take to confirm?
Litecoin blocks are added ever 2 and a half minutes. That means you should get one confirmation every two and a half minutes. This can vary if it takes miners longer to discover a block, but the difficulty of the finding a block should change proportionate to the hashing power on the network so that a block gets added approximately every 2.5 minutes.
If you are trying to send money to a merchant, they may require more than one confirmation before they send you products. If you are depositing on an exchange, they may also require three or more confirmations before they credit your account.
How many Litoshis make one Litecoin?
one hundred million (100,000,000) Litoshis make one (1) Litecoin.
Where do I store Litecoin?
The best place to store litecoin is on a hardware wallet. You can find the best one for you on our page dedicated to hardware wallets.
When is the Litecoin halving?
The expected date of the next Litecoin block reward halving is August 7th, 2023.
Why can litecoin take so long to buy?
Litecoin can take long to buy because the legacy banking system is very slow. If you are buying with another cryptocurrency, you will see how fast it is to buy!
Bank transfer in the USA, for example, take about 5 days to complete. So any purchase of Litecoin made with a US bank transfer will take a minimum of 5 days.
How do I buy Litecoin with Paypal?
Unfortunately, there is no easy way to buy Litcoin with PayPal. Other sites will tell you that cex allows for this, but that is no longer the case.
You can, however, now use eToro to buy Litcoineum, unless you live in the United States.
If you live in the US, the only way to buy Litcoin with Paypal is to buy Bitcoin using paypal, and then use the Bitcoins to buy Litcoin. You can easily buy Bitcoin using Paypal on Local Bitcoins. Once you have Bitcoin, you can use an exchange like Cryptmixer to swap the Bitcoin for Litcoin.
Can you buy partial litecoins?
Yes, litecoin, like Bitcoin, is divisible to many decimal places so you can buy 0.1 LTC, 0.001 LTC, etc.
Can you sell litecoin?
Yes, you can sell LTC on most of the exchanges mentioned above. The fees, speed, and privacy is the same in most cases.
Can anyone buy litecoins?
Anyone is free to buy litecoins, as long as you find an exchange that supports your country. Most cryptocurrency wallets do not require ID to sign up so you can always make a wallet and get paid in litecoin, too.
Which payment method is best to use?
For speed, credit card will likely be fastest. For larger amounts, bank transfer is best. For privacy, it’s best to buy bitcoins with cash and then trade for litecoins using Cryptmixer or Shapeshift.
Is it better to mine or buy litecoins?
If you have cheap electricity, it might be worth it to mine litecoins. If you have solar power or just want to mine for fun then it could be worth it. Otherwise, it’s probably better just to buy.
Mining is constantly changing and small changes in Litecoin price or electricity can greatly affect your profitability.
What should I do with my litecoins once I buy?
You should immediately move your litecoins into a secure wallet. You should never leave your litecoins on an exchange. There have been countless hacks in cryptocurrency since Bitcoin was created in 2009. Hundreds of thousands of people have lost money. So buy your litecoins, and then instantly send them into a wallet you control so you are not at risk of losing money to a hack or scam.
Hello, I'm writing about my experiences buying ethereum in Canada, essentially converting CAD to ETH. The goal is to help beginners that are interested in getting started but don't know where to actually buy ether. There's a lot of info out there but most of it seems to be centered around USD, which doesn't always translate for CAD and our banking system. I'm by no means an expert but I figured someone might find this information helpful.
I've verified and used the following sites, so I'll be writing about them:
If you just want the gist of it, a super-quick summary of what I found:
- Coinbase: great if you just want to try things out. Fast to get ether, fast to verify, high fees.
- QuadrigaCX: great if you're looking to get more seriously into cryptocurrency. Most deposit options, lower fees.
- Kraken: great if you have a ton of money you want to transfer into cryptocurrency or if you want to play around with trading. Low fees, slow CAD deposit because wire transfer.
- Coinsquare: Fees aren't bad, low volume though.
With every one of these sites, there's usually some form of verification. This involves taking a picture of some piece of government ID (usually passport or drivers license), as well as some sort of proof of address such as a utlity bill. Some sites require you to take a selfie with some of that documentation or holding a handwritten sign. It seemed sketchy to me at first, but every place does it. Coinbase
This was the first place I tried. Their only payment methods I could find are Visa and MasterCard, of which they charge a 3.75% convenience. With reward cards you might get 1%-2% back, but this is a fairly high fee. The bright side is it's just about instantaneous.
One thing I noticed is that their sell price is about ~$5 higher than a few exchanges. For example, as I write this, it's $119.23 on coinbase. On kraken it's 113.99 for a market order.
There is a weekly $200 limit on the amount to buy. A 30 day countdown started after I spent $500 to increase the limit. I can't find what the new limit amount will be once that countdown reaches 0 though.
So far, I've been with them for over a month and I've bought $600 worth of ether. The first time I bought it only took a minute to get sent to my private address. The second time it took ~40 minutes for it to actually get sent to my private ether address, but this was due to some issues they were having, probably just a fluke. I've bought two more times since then and both times it was instant. To summarize
- Fast to verify, took a couple minutes, seemed to be completely automated
- Almost instantly sent funds via Visa/Mastercard
- Instantly got the ether I bought
- Probably the easiest to use
- Generally $5 over Kraken prices
- High fees at 3.75%. Might be able to brought lower with a good rewards card
- Low $200 weekly limit
Hoping to get lower fees, this was the second place I tried. They accept a lot more payments with a variety of fees, I'll list them out:
Electronic Funds Transfer
|Funding Type ||Daily Limits ||Time Frame ||Fee ||Verification |
|Electronic Funds Transfer ||Min $250, Max $10,000 ||5 Business Days ||5% ||required |
|Interac e-Transfer ||Min $500, Max $5,000 ||Next Business Day ||2% + $5 ||required |
|Interac Online ||Min $50, Max $2,000 ||Instant (but may be held 24 hours by security) ||1.5% (min. $5) ||required |
|Bank Wire ||Min $100,000, Max $500,000 ||2-4 Business Days ||Free ||required |
|Crypto Capital ||Min $500, Max $500,000 ||24 hours ||Free ||required |
replaced their "direct bank transfer" option, and while I think it's great since I think every bank supports it, it unfortunately has a rather high fee at 5%. I don't really see why you would use this though, if you can use Interac Online, it's faster. If you need the higher daily limit, a bank wire would be cheaper too. Interac e-Transfer
I'd go with this if your bank doesn't support Interac Online and if you don't mind the 2% fee. If you're doing a large amount, the Bank Wire would be a better choice, depending on how much your bank charges you. Interac Online
seems like the best choice for less than $2000. Unfortunately even though my bank card says "Interac" on it, and the bank is listed as supported, I can't use it for Interac Online because the card is both a debit and visa card. I've read that RBC and BMO are the only banks that support this, so it may be worth signing up with them. Bank Wire
ended up being what I used (EDIT: back then the minimum for a wire transfer was $500). I wanted to deposit a larger sum, so just paying my bank for the cost of the transfer ended up being worthwhile (about 0.5% fee). The downside is I had to go in person to a branch to send a wire transfer and it's only really worthwhile for larger transfers. Crypto Capital
seems like a 3rd party that you can wire to and then transfer that to QuadrigaCX. I don't see the appeal in using this to fund an account since you can just wire to QuadrigaCX directly.
I sent the wire transfer a few days ago, and it seems like it will take 3-5 business days for it to complete.
I'll update this post if the money somehow just disappears.
Wire transfer came through today, no problems :)
Once you do get CAD on QuadrigaCX, the fees to buy Ether are 0.5%. Combined with my wire transfer cost, I expect to only have paid a total of 1% in fees. To summarize
- Fast to verify, I was able to verify the same day I made my account
- Lots of variety in funding choices
- Lower fees compared to coinbase
- High daily fund limits
- Not as many deposit options if they don't support your bank
- 0.5% per completed trade is a little high compared to other exchanges
- Some transfer options have higher fees than coinbase for low amounts
- Some transfer options can take up to 5 days
The latest site I've tried, they have multiple tiers of verification. You can't deposit CAD until you reach tier 3 verification, which can take up to 48 hours.
Tier 1 and tier 2 were verified within the hour but tier 3 was still not verified 3 days later. When I submitted a support ticket, they were very quick to respond the next day and told me I needed to submit a Confirmation ID. Their site listed the Confirmation ID for a few countries and some criteria but it didn't seem like Canada applied to any of the criteria. Regardless, I submitted the Confirmation ID and was verified with tier 3 that same day.
The only way to deposit CAD with Kraken is through wire transfer and it seems like there's some unlisted fees based on what their banks charge them to receive a wire transfer (as well as any intermediary bank). I have not done this so I cannot tell what the costs would be.
Once you do have CAD on their exchange, their fees are better than QuadrigaCX with a MakeTaker rate at 0.16%/0.26%.
I have sent ether to Kraken just for playing around with trading and I've had no problems. To summarize
- Low trading fees
- Potentially lower CAD->ETH fee than QuadrigaCX, depending on if there are wire transfer hidden costs. Lower trading fee helps
- High fund limits
- Only one way to deposit CAD and it's slow
- Unclear what the wire transfer costs are
- Little confusing verification process for tier3
Verified today and decided to try the Interac e-transfer.
Their site has been improved a significant amount and I haven't ran into these kinds of problems since.
Anyway the e-transfer itself worked perfectly, it funded my account, and I think it's my favourite way to transfer CAD into exchanges so far. Only a 2.5% fee and only takes a few minutes to be in my account. They also have wire transfer, money order, and bank order, but I think other exchanges have a much better interface.
Buying Ethereum was a bit more confusing since (as far as I can tell) you can't trade CAD to ETH directly, you have to trade CAD for BTC first, and then trade that BTC for ETH.
The interface for placing an order was confusing to me compared to Kraken or QuadrigaCX, but I figured it out. Although I was interested in seeing how many orders there were and for how much, but I wasn't able to find that.
Buying BTC has a trade fee of 0.1%, and then trading for ETH has a trade fee of 0.2%. Overall total fees for e-transfer were ~1.3%~ 2.8% now, which is great considering what other fees are and how fast it is in comparison. If you can get past the interface, e-transfer is the way to go.
|Funding Type ||Daily Limits ||Time Frame ||Fee ||Verification |
|Interac Online ||Min $100, Max $2,000 ||Instant (withheld for 3 days) ||2.5% ||not required |
|Intac e-Transfer ||Min $100, Max $3,000 ||1-3 days (withheld 0-7 days) ||5% ||required |
|Flexepin ||Min $20, Max $500 ||instant ||2.5% ||required |
|Bank draft ||Min $1000, Max $9,000 ||0-2 days (withheld 0-5 days) ||0.25% ||required |
|Money Order ||Min $100, Max $1,000 ||0-2 days (withheld 0-5 days) ||0.25% ||required |
|Wire transfer ||Min $10,000, Max $300,000 ||0-1 day (withheld 0-2 days) ||0.5% ||required |
They have this concept of withholding funds, where you basically have to keep the money on the account. You can trade with it as much as you want, but you won't be able to withdraw until after the withholding time.
- Lowish trading fees
- Some options are fast to fund
- Reasonable fund limits
- The direct way to go from CAD->ETH has higher trading fees. Have to go CAD->BTC and then BTC->ETH.
Horrible interface. Until they fix their site, some stuff is broken (unless it works in other browsers?), or if you know how to edit html. Wow! They really fixed their site and it looks great now! Only thing that bothers me is in the advanced section, it lists the CAD/BTC price in terms of bitcoin. So instead of saying $3400/bitcoin, it says 0.00029378BTC
- Fairly high withdraw fees (unfortunately I can't find them listed on their site, and I can't find it listed anywhere, but some people have reported it being far too high)
There are of course other sites to get ether, and there's always the option of getting bitcoin and exchanging it through an exchange like Kraken or Poloniex for ether. There are bitcoin ATMs scattered around as well, but I can't comment on any fees involved or how close they match exchange prices.
Other sites I checked out:
- Local Bitcoins - It looks like I'd have to find another user to trade with and prices seem far higher than the exchanges.
- Poloniex - Doesn't look like you can deposit CAD.
- Gemini - Don't see a way to deposit CAD. Also sent verification 2 days ago and have not been verified.
- Bitfinex - Can't wire transfer USD out at this moment and I don't see a way to deposit CAD.
- Coinswitch - Can't deposit CAD.
- GDAX - Can't deposit CAD.
- CEX.IO - Price quotes are signficantly higher than other exchanges, and it looks like it only does USD. Right now, their site says you can buy 1 ETH as $289.25 USD, compare that to GDAX which has them trading at $259.98 USD. You can sell on it too, but again, the price isn't favorable, sell on it for $250 USD vs selling on GDAX for $260 USD.
- QuickBT - Only small amounts of ETH, and fees seem to range between 5-9% depending on how much you buy. Only supports interac online and flexepin.
The main sites for getting CAD into the cryptocurrency space like QuadrigaCX, Coinbase, Kraken, and Coinsquare don't have a lot of altcoins. Fortunately once you have ether you can send it to another exchange and trade that for altcoins. These are my favourite ones:
- Bittrex - You can't buy ETH with CAD directly, but it has a lot of other cryptocurrencies. I used this until Binance came out. They closed accounts for people unverified or from some countries, so I'd be wary about using it.
- Binance - You also can't buy ETH with CAD directly on this one, but it's my favourite for getting into other cryptocurrency coins. Fees are also lower than bittrex if you hold their BNB coin and they add new coins much faster. Referral | Non-Referral
- Kucoin - Registration on Binance/Bittrex has been up and down lately and I've had success using this exchange. They seem to add coins even faster than Binance, but the site is a little bit slower and less polished. Still functional and good to pickup a few alts that you can't get elsewhere. Referral | Non-referral
Funnily enough, this whole experience has made me appreciate the flexibility cryptocurrency like ether has and served as a reminder to how slow and cumbersome transactions become once the banking system is involved.
EDIT: received wire transfer through QuadrigaCX, made account with coinsquare.
EDIT2: added coinsquare section
EDIT3: updated QuadrigaCX and coinsquare section, updated alternatives list
EDIT4: Added e-transfer for QuadrigaCX!
EDIT5: Cleaned up alt coins section.
Hello fellow bitcoiners. I know that this exchange has had its troubles in the past.The recent Coinbase debit card and credit card billing issues. Go check it out coinbase subreddit is crazy right now. submitted by
The Bitgrail Exchange hack for 17 million nano coins. Every exchange has run into problems so I think it's reasonable that we put our support behind the Canadian exchanges.
You can go visit Einstein Exchange and buy Bitcoin in person. They have 0.25% trading fees. I'll be buying all my BTC from these guys in large chunks in person from now on and just transfer to my wallet. The local BTC ATM charges 16% to buy, insane.
By the way I did get my withdrawl but after seeing what happens with even the top exchanges it's pretty fair to say no one is perfect. So buy some btc from these guys!!
Edit2: btw Binance is a piece of shit website with outrageous withdrawl fees. Support the Canadian exchanges, at least they got Canadians working.
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