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5159684 No.5159684 [Reply] [Original]

Day trading crypto in Canada? How do I into?

First of all is everyone here is using binance or what? Is that okay for people in Canada?

Do I just get it and trade to my hearts content?

And then what? Cash out by selling to BTC and then sending to Quadriga to withdraw?

>> No.5159933
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5159933

Bump, plz help!

>> No.5160190
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5160190

>>5159684
>Day trading crypto
Crypto is horrible for 'daytrading'. You could be sitting waiting for hours and hours, even days for a scalp.

>First of all is everyone here is using binance or what?
No. Binance is an exchange. There are other platforms which are better designed for 'your' needs.

>Do I just get it and trade to my hearts content?
Or until your wallet is empty - that's more likely.

>> No.5160440

>>5160190
I want to fuck around with 1000$ and hope for some moons. I thought exchanges are where trading takes place?

>> No.5161319

bump. what about bitfinex?

and let's say if for example, I'm hoping that iota will moon in the next couple of days would this be the process? but $1000 of worth of bitcoin, send it to bitfinex, trade the BTC for iota, and then trade it back to BTC after it rises and then sending it back to my quadriga account to cash out?

What if bitcoin plummets in the mean time?

>> No.5161758

C'mon can one of you fuck heads that live in Canada explain what you do?

>> No.5162571

>>5161758
>influx of lazy fuck normies

>> No.5162797

>>5161758
Yes. You've got it. Wire money to quadriga. Buy ETH (bitcoin fees are too high and the coin is too slow if you just want to send it off to invest in altcoins). Fund your binance account with your new ETH. It will arrive in 10 mins or so. Then buy whatever alt coins you think will do well and either day trade (and almost certainly lose money) or pick horses you believe in and step away form crypto for a while. As long as you don't pick absolute shitcoins, your coins will go up. Once you're happy with your gains, you sell your altcoin for ETH and refund your quadriga account with it, and sell it there for fiat $$$ (don't do this last step for a few years, crypto is just taking off).

>> No.5163015

>>5159684
>Leaf here.
You can use any exchange you'd like. Binance is great. Buying BTC initially is the problem. Coinbase 'works' for Canadians but has heavy limitations on credit card purchases. Almost every other site restricts Canadians. I only know of one Canadian Exchange that has no credit card limit, but they are in beta and having major issues. No endorsement yet. Other online brokers will take a well over a week to setup/ bank transfer.

For Canada; if you want BTC quickly use BTC atm:
>Make Wallet (Exodus Eden is great, or temporarily use exchange wallet.
>print QR code for your BTC address.
>Nearest BTC atm https://coinatmradar.com/

>> No.5163869

>>5162797
Sweet thank you. sorry for the harsh language.

>> No.5163900

>>5163015
OK thanks. I actually have all the money I want to spend already in my Quadriga account since I've sold out of bitcoin