Canadian Bitcoin Exchange
Cryptocurrency is still an evolving landscape and the various elements of this ecosystem are still being built. Since bitcoin and other cryptos are a global phenomena, anyone can participate and invest, no matter what country they belong to. Also, since it is a nascent industry, the potential for future reward is quite considerable for most people.
The Canadian crypto market has always been a prominent crypto market ever since bitcoin took off. Thanks to the increasing clear cryptocurrency regulations, it is becoming an even more pro-crypto nation. As a result, Canadian crypto exchanges are seeing healthy volumes and are expected to continue to see growth.
How to buy bitcoin Canada is no longer a hard question to answer as there are many options for Canadian bitcoin and crypto users. However, there are some things you should keep in mind as far as global and local cryptocurrency exchanges are concerned.
Problems Facing Canadian Bitcoin Investors
When you want to buy bitcoin or sell bitcoin, the first thing you consider is whether to make an account on global exchanges like Coinbase or Binance. While they have a good track record and have built trust over the years, there are some basic problems that Canadians face on these exchanges.
First of all, depositing and withdrawing CAD (Canadian Dollars) from and to these exchanges can be much harder. These exchanges are based in other countries like the US or Malta and so, involving CAD in the process can be a bit cumbersome. In fact, Binance doesn’t even have full CAD support.
This might cause Canadians to miss out on the opportunities to earn bitcoin profit since markets can change tides in a matter of hours. The on-ramp for fiat is especially more important due to this reason.
Seeing how cryptocurrency is a borderless instrument, these old restrictions shouldn’t come in your way of investing with ease and security. Until such time when crypto becomes mainstream, the pain points of fiat will last.
Second of all, as with all other global brands and businesses, Binance and Coinbase may not necessarily provide you with the localised support and have complete experience in the local language or the nuances of the language involved. In an event where unhindered support becomes critical, these things have considerable importance. Sometimes, significant investments can be on the line.
Why Canadian Crypto Exchanges?
Canadians have easy access to the cryptocurrency exchanges that are in Canada. Since they are usually started by Canadians themselves, they are well aware of the specific needs of the Canadian crypto investors and traders.
Countering the disadvantage of the global exchanges, the Canadian crypto exchanges have easy deposits and withdrawals of CAD as they are based in Canada and do not have to deal with laws relating to foreign currency.
This makes the whole process of buying bitcoin and selling bitcoin and other cryptos much easier. Canadians can easily invest in the market as well as exit it. This may not sound like that much of a big deal, but seeing how crypto markets are volatile, even a few minutes can be the difference between being able to capitalise on an opportunity or missing it entirely.
Also, the Canadian exchanges are more aware of the local languages and as such provide excellent support. As a result, it can be much safer and easier for Canadians to invest and trade in cryptocurrencies.
Making Digital Currency Simple
So, when you are first investing in the crypto market, you might not be totally aware of all the different projects and cryptocurrencies. It’s more than likely that you first hear about bitcoin before any other project.
There are many good cryptocurrencies and projects which have been building for quite some time and it would be better if you have a comprehensive understanding of these cryptos as well. Below is a list of the main ones:
Ethereum is a smart contract platform that developers can use to build decentralized apps (or dapps). It came into the spotlight in 2017 after seeing the astronomical price rise. It is used by tons of crypto projects today and crypto pundits would tell you to buy ethereum for sure.
Litecoin was one of the first cryptocurrencies to be created. It is based on the bitcoin protocol but uses a different mining algorithm. If you want to buy litecoin, you can easily do so on PCCEX.
Dash is a cryptocurrency that was made to bring crypto to the mainstream. It’s designed to be fast, easy, secure and almost without any fees. During the last bull market phase, it saw huge price gains leading it to become one of the top crypto projects. We provide Canadian with hassle-free ways to buy Dash.
The main use case of XRP is to help the legacy financial institutions and infrastructure to benefit from the fast and secure use cases that cryptocurrencies provide. It provides governance as well as fast settlements for interbank flows. We provide lightning-fast method to buy XRP on our exchange.
Wondering Is Bitcoin Legal?
With each passing year, Canadian regulators are coming up with clearer regulations, both for the Canadian crypto exchanges and for the retail and institutional investors. It is completely legal to invest in bitcoin and other cryptocurrencies in Canada.
Taking Crypto To The Masses
At PCCEX, we want to take crypto to the masses. We believe that crypto has the potential to transform lives for the better and make financial instruments available for everyone. This financial inclusion is what we aim for.
We have many cryptocurrencies that you can buy and trade with ease and security. Apart from buying bitcoin Canada users can also buy eth, litecoin, xrp, dash, etc.
Simply click the registration button below and get started.
***Please ensure to declare any capital gains or reward income to your local taxation authorities to ensure you always remain compliant. Cryptocurrency purchased on illegitimate exchanges that do not run KYC may not be supported and have been listed/traded there without our permission. Investing in cryptocurrencies is a high-risk and volatile
Canadian Bitcoin Exchange