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/biz/ - Business & Finance

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28893735 No.28893735 [Reply] [Original]

fellow Canadians redpill me on wealthsimple. Is it good for crypto?

>> No.28894448

Fuck off Leaf. Your country is the worst. Shouldn’t you and your PM be in a tranny parade and giving all your money to diversity Canadians. Faggot.

>> No.28894517

>>28893735
Lol yeah it’s great you don’t even get access to wallet address

>> No.28894544

It's not a real crypto exchange. You don't directly own the crypto, and you cannot deposit or withdraw crypto directly. You're essentially betting on the price of crypto.

Use NDAX or Shakepay for btc/eth, and bincance for other coins.

>> No.28894620

>>28894544
This, but I still use wealthsimple for stocks. There's no reason to use it for crypto though

>> No.28894706

>>28894448
Dont hate the man because of what his traitorous state does

>> No.28895615

>>28894706
Leafs are faggot supporting low iq mutts that love the tyranny. So dumb. They elected and legitimize the govt. All leafs deserve scorn. Fuck em all. Choke on your maple syrup.

>> No.28895876
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28895876

>>28894544
>>28894620
Correct. End of thread.

>> No.28895883

>>28894620
What do you use for crypto then? Any of the ones mentioned?

>> No.28895898

>>28895615
Nigger you had a nigger president ten years ago and now you have a faggot pedophile president get off your nigger horse

>> No.28896078

>>28895898
Nigger how can you type with Justins Commie cock so deep in your mouth.

>> No.28896105
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28896105

>>28895883
Newton, Kraken.
If you wanna go full poor mode, ShakePay lets you win Sats by fucking shaking your phone, install it anyway. Use my ref code so we both get some free bux shakepay dot me /r/JUKVQ0E

>> No.28896161
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28896161

If you want to use shakepay you can sign up with my link and we both get 30leafbux and the ability to get free sats every day. It had the quickest verification and transfers of the canadian exchanges I tried.

https://shakepay.me/r/NW801QO

>> No.28896249

>>28896105
Newton is good also but their KYC takes weeks instead of minutes. Kraken can be good but they only accept fucking wire transfers which is gay

>> No.28896374

>>28896249
To elaborate on kraken, they only accept wire transfers or an EXTREMELY SUSPECT intermediary to handle funds called "Etana Custody"

>> No.28896499

>>28893735
I've got a question: So Canada is getting Bitcoin ETF on Friday. Why should I buy a bitcoin etf when I can buy the actual bitcoin itself? Can anyone explain this to me?

>> No.28896713

>>28896499
its for boomers

>> No.28896717

>>28896105
>>28896374
Which would you pick between Kraken and Newton? I'm not quite poor enough I need to shake to get coins but I'll keep it in mind.

>> No.28896899
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28896899

>>28896499
>Why should I buy a bitcoin etf when I can buy the actual bitcoin itself? Can anyone explain this to me?
Holding the ETF is inferior in every way
WITH ONE DIFFERENCE:
You can buy the Bitcoin ETF using your TFSA which literally means you don't need to pay taxes on your investment. I'm not sure if Bitcoin is going to 200k in this run but I will for sure dump a bunch of money on it on my TFSA once the bull run starts because I don't like paying taxes.

>>28896717
Kraken if you are a trader. Newton/Shakepay if you just want to buy easily and withdraw to your wallet immediately.

>> No.28897091

>>28895615
Lol i didnt vote for trudeau.

>> No.28897173

>>28896899
I second this. I only suggest shakepay for a quick on-ramp to buy your crypto and then send to a real exchange or ethereum wallet, the spread is too shit for trading.

>> No.28897304
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28897304

>>28897091
Most of us didn't. And to think this faggot's election was on the promise of "electoral reform" (and dude weed lmao)

>> No.28897335

>>28896899
>>28897173
Amazing. Thank you. Saved me from getting fucked by Wealthsimple's shit a few years from now.

>> No.28897772

>>28893735
Dog... no. Wealthsimple and questrade (if they even do crypto) aren't good for that or trading.
>15 minute delay
>not everything is listed
>high withdrawal fees
NDAX is a decent exchange. Based in Canada, 0.2% fees, nice UI. Here's a link for a $10 bonus if you sign up: https://one.ndax.io/bfQfmK

Otherwise, I'd say the best way for canadians to buy crypto with the lowest fees and best access is to get shakepay, use it to buy btc, set up a binance account and send it there. Also metamask is a good idea.

>> No.28897956

>>28897304
based as fuck

>> No.28898093

>>28897304
Do u think trudeau is gonna win again? I feel so demoralized. I feel like even if there was another scandal he' win again.

>> No.28898164

Am I being retarded or is it the norm to cost 20 canuck bucks to withdraw btc. Using Newton

>> No.28898322

>>28898093
I think it comes down to who's running against him. If the other parties can bring somebody really good to the table they can probably give him the boot.

>> No.28898321

>>28896249
>>28896374
>>28896374
I used to use coinsquare but their fees were too high. They even used to charge you a fee for etransfering in like 5% of total and then fees on the trades too fucking kikes. They removed the etrasnfer fee recently. I started using kraken a few months ago and its way better. You can deposit money to kraken in cash or debit at a canada post. you just take a QR code with you there and pay. google kraken canada post you'll be able to figure it out easy.

>> No.28898342

>>28894544
>what about coinsmart?

>> No.28898361

>>28896899
Can I buy bitcoin etf with RRSP? I just learned about TFSA AND RRSP this year.

>> No.28898366

>>28896078
He’s our faggot trust me I hate him more than you do

>> No.28898439

>>28896499
>>28896899
Canada already has Bitcoin ETFs, like he says, main use is to have BTC exposure inside your TFSA

>> No.28898612
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28898612

>>28898439
Canada does NOT have ETFs at the moment, but you can still invest in closed funds who charge you a premium (QBTC, GBTC, BITC). It's exposure nonetheless and I've made money with it, but these are not ETFs. This first approved ETF will have the ticker BTCC and will be released on February 18.

>>28898361
Read above.

>> No.28898637

>>28898342
0% deposit fee if you have $2k, otherwise it's 1.5%. Too much imo. 0.3% on trades

>> No.28898785
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28898785

can this be a trudy hate thread now?

>> No.28899136
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28899136

>>28898785
I am /k/ and he's banning all my fun shit for globohomo virtue signaling. 147gr at 2700fps would wipe that smirk off his face nicely

>> No.28899451
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28899451

>>28898785
>>28899136
I got the advice I needed from this thread. You guys have fun.

>> No.28899645

Why are CDN banks assholes about crypto?

can't use Mastercard, can't use e-transfers, ....buy money orders and a whole lot of dicking around to get money to your account...

WTF?

>> No.28899699

>>28897304
Don't forget the droves of hockey moms and feminazis who voted for him because he made their holes wet.

>> No.28899856
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28899856

>> No.28899958

>>28899645
what shitty bank are you with? I've had no issues with e-transfers

>> No.28900098

>>28899699
While i agree that those people you say voted for him, i feel that mostly immigrants and new canadians voted for him.

>> No.28900176

>>28899856
>tfw no grandma chretien to bake me apple pies

>> No.28900387

There's no point. You don't own it, it's only BTC/ETH and it's not insured. At that point just buy qBTC or qETH and put it in your TFSA for huge gains

>> No.28900535

>>28896105
>Newton is good also but their KYC takes weeks instead of minutes
Newton was the only exchange I was able to get KYC verified on within minutes. Weird that you had such a different experience.

>> No.28900558

>>28900176
and granny harper to scare the shit out of your kids at halloween

>> No.28900794

>>28893735
If you want to see which exchange has the best rates go here: https://www.cryptolens.ca/ and enter the amount you want to buy.

In my experience newton will always have the cheapest fees under 10k. If you want to use newton and want 25$ of free BTC you can use my ref link if you want. https://web.newton.co/r/GI65J3

>> No.28902261

>>28900794
Fuck off with your referral links

>> No.28903401

>>28893735
awesome for buying canadian stocks
don't bother buying us stocks since they make all their money on insane conversion fees

>> No.28903882

>>28903401
uh... no it isn't. They don't list anything from CSE or CNSX.

>> No.28904424

>>28899645
MasterCard is too racist, try visa.