CANADIANS get IN HERE

[Anonymous No.4212782]

I have been urgently trying to buy about $10,000CAD of crypto for the past week.

I have a buy limit of only 200$ on coinbase after just getting verified, which will allegedly gets raised once I buy $401 (so basically 3 days) but will only raise to $1000.

I have made a Quadriga account and have been Equifax instant verified, but my ID verification has been sitting for over a week. I just sent support an email.

WTF why cant I find anyone to take my money fast enough.

WHERE DO CANADIANS BUY/TRADE CRYPTO AT? AND HOW LONG DOES IT TAKE YOU GUYS. Fuck me, this has been demoralizing trying to get my money into crypto.

Also do any canadians trade on GDAX to take advantage of 0% make orders?

[Anonymous No.4212802]

Send five bucks here if you are legit and want legit advice

1CoDfBP119FkQgk4wHVhVQMAUwYe97hVbM

[Anonymous No.4212805]

Quadriga is the best if you’re a pleb.

Also if you know anyone that is holding BTC then e transfer works.

I can do that for you at 2% mark up however I’m sure I’ll get lulled cuz it’s 4chan

[Anonymous No.4212825]

try coinsquare, supposedly a new site for leafs

[Anonymous No.4212838]

>>4212805
If I wasn't a pleb what would I use to trade then? Bitrex? Bitfinex? I spent about a week researching platforms and this seems like it is just not incredibly/competitively accessible to Canadians?

[Anonymous No.4212853]

>>4212802
This is the best I got. Sorry friend.

[Anonymous No.4212860]

>>4212838
Try local bitcoins What city you in ?

[Anonymous No.4212867]

>>4212853
I would have felt bad and given the money back if you sent it anyway, I dont know jack shit : / i was freaking out in anticipation of the guilt

[Anonymous No.4212882]

>>4212860
Hamilton area. =~ 40 mins away from Toronto.

>>4212867
Awe, well I appreciate your honesty. If I was Indian, I would tell you good karma is coming your way. What coins do you own? Your karma will make them moon, and I wanna ride it out with ya bud.

[Anonymous No.4212971]

I'm in the same boat as you, having trouble throwing money at bitcoins. Mostly because the big 5 banks are colluding against bitcoins right now.

Best way right now is to use Interac transfer. Not Interac Email transfer. Quadriga and Coinsquare can be funded this way.

Best to use credit unions right now. Tangerine is free, online set up in minutes, and get verified. Set up an account right now for a double referral bonus too.

Use this code: 51256798S1

You get $50 free after depositing $100. My wife and I set up 2 accounts with the referal - e-mail transfered our own money to those account, and got $100 free. Then interac funded the exchanges that allow it. (Quad and Coinsquare).

If you got a spouse/friend to help out, the best way we've found is, 2 Coinbase accounts, for 2 seperate limits with credit cards, + the 2 credit union accounts to fund with Interac Transfer. Plus Quadriga.

Tips here please :)

1Ls2FeFAh9EkyTh7EpR5ac2eoQ8vVYWMwN

[Anonymous No.4212993]

And dont use nTrust - they will take your money without verifying you, but won't let you do anything with your coins until you are verified.

[Anonymous No.4212997]

>>4212882
Just go on localbitcoins. You’ll have more success there. Quadriga has major inflated rates.

[Anonymous No.4213001]

$1000 limit?
Whats the problem, juts put $1k in a day for 10 days?

[Anonymous No.4213004]

I could sell p2p to you. But I'm brazilian, too much risk and work involved. Best of luck to you

[Anonymous No.4213009]

>>4212782
Use QuadrigaCX. I have no limit.
If you want I can help you out as I'm a Canadian and we gotta stick together.

[Anonymous No.4213012]

>>4212782
well i just signed up for quadriga and got instant equifax verfied. go craigslist or localbitcoins.

[Anonymous No.4213025]

>>4212997

Cost is too high for Canadians to buy from local bitcoins, because the people who are buying there generally have no other choice. $10,500+ CAD per coin there.

[Anonymous No.4213027]

>>4212782
If you want me to send you bitcoin, we'd have to chat on Skype and then the phone. I'm happy to put down a few thousand if you're legit and email-transfer the money back.

[Anonymous No.4213052]

>>4213001
at 4% credit fee, then 0.5% buy fee, and 0.5% fee... I was really hoping for something better than this.

[Anonymous No.4213059]

>>4212782
Literally missed the 6k top cause Quadriga takes forever.

[Anonymous No.4213063]

>>4212971
I will look into this. I understand that TD does not support this option though, and this is where my money is currently. What a hassle I have to start banking with another bank in order to use this feature. B/c with TD my debit is a Visa Debit which is stupid.

[Anonymous No.4213065]

>>4212971
Are you saying Quadriga let you use Tangerine to e transfer?

[Anonymous No.4213075]

>>4212993
Thanks for the advice! I think I have read this somewhere else online too.

>>4213004
I appreciate the offer but imma pass on this one. Hold your BTC and you'll get out of those favelas.

[Anonymous No.4213089]

>>4213052

You won't be able to avoid the fees in Canada. You need to suck them up. Without doing wire transfers, I've given you the easiest way you'll be able to throw CAD at bitcoin. Get a RBC or credit union account. 2 Coinbase accounts. A Coinsquare, and a Quadriga.

[Anonymous No.4213099]

>>4213063

RBC is the only big bank allowing it. Otherwise you gotta use a Credit Union account

[Anonymous No.4213116]

>>4213063

That's the problem I was having with BMO and my MC linked card. But Scotia is straight up denying transactions to bitcoin related things

[Anonymous No.4213133]

>>4213009
Please, any insight/experience from other leafs is appreciated. I just find it so difficult to find unanimously agreed upon information for Canadians who wish to trade cryptos.
My main questions:
I) Best way to get my money into the market (i.e. CAD -> BTC or ETH).
II) Then how to get some money into some of the Altcoins since Quad. or coinbase don't support any of the altcoins. So which secondary account should I transfer my crypto in so that I can then trade the alts from my BTC/ETH? I am not sure if you do this and will be able to help but I thought I'd ask.
III) Last question. Is it true that us canadians do not ONLY need to report our initial purchase and final sell for our taxes, but we need to report every crypto trade we make to pay cap gains tax on? If so I feel like this upcoming tax filing would be a fookin nightmare of complexity.
t. an Engineer kek

[Anonymous No.4213136]

I used a money order to deposit with coinsquare.

Kraken and Quad were so much of a fucking hassle

[Anonymous No.4213171]

>>4213027
If I knew more about this procedure I may consider it but I am a little sketched out about it so I will pass for now, thanks if that was a genuine offer though.

>>4213059
Which part takes forever? The account verification or the deposit. I was planing on wiring the money once my account got verified because it is free, but recently I have been reading people saying it takes weeks. Can you comment on the time if took for you do do your verification and to get your account funded using which methods? Thanks leaf.

>>4213136
What is the max you are able to deposit?
What are the fees?
And did you have to first complete ID verification?

[Anonymous No.4213175]

>>4213133
i'm just going to declare it as cap gains. if i get audited im going to just say i held it for 6 years. i'm not fucking declaring every trade, just take my money and be done with it.

[Anonymous No.4213199]

>>4213133

1) i promise ive given you the best info right now for your situation. You jsut have to be a bit patient to jump thru the hoops - and get compatible accounts (IE: credit union or RBC)

2) coinsquare lets you play with the alts

3) You can play ignorant right now if CRA comes after you. CRA has classified it as both "get rich quick" scheme, and gambling. Neither of those are taxable (in BC anyway). So, if you aren't on a radar )IE: gains in the millions) - they aren't going to put forth cost and effort to make a fight in court that you should pay taxes on it.

[Anonymous No.4213206]

>>4213089
Okay thanks. Do you know if us Canadians can use our CAD credit cards to trade ETH and BTC on GDAX?


ALSO HAS ANY CANADIAN HERE USED GDAX? I can't seem to find a clear answer on if other leafs have been able to purchase BTC or ETH on GDAX using a CAD credit card.

[Anonymous No.4213234]

>>4213206

I have not used GDAX

[Anonymous No.4213242]

>>4213175
But then won't they potentially ask for your proof of purchasing and selling it? Also since we have to verify our ID's and addresses, I figure CRA will simply request a list of names of people who have made crypto accounts and go after them in terms of audits and such. They NEED to get their pound of flesh after all.

[Anonymous No.4213262]

>>4213199
CRA appears to have actually classified it as "Bartering" and as such you will need to pay cap gains tax as an appreciated asset.
Sources:
https://turbotax.intuit.ca/tips/how-bitcoins-might-impact-your-income-taxes-333

https://www.canada.ca/en/revenue-agency/news/newsroom/fact-sheets/fact-sheets-2013/what-you-should-know-about-digital-currency.html

https://www.canada.ca/en/financial-consumer-agency/services/payment/digital-currency.html

If I am mis interpreting this please correct me.

[Anonymous No.4213276]

>>4213234
Thanks for the info. Have you converted any crypto back to CAD? If so how was that process for you and did you (or do you plan to) declare it as cap gains?

[Anonymous No.4213282]

>>4213242
worse case scenario you can just pay the cap gains on all of it. that's the most they'll get. how would they know how many trades i made if all the exchanges in the last few years require no identification if you are just trading crypto's?

[Anonymous No.4213287]

>>4213171
Using a money order with coinsquare, the max deposit is $1,000. The post office where I got the money order charges a flat fee of about $7 and I believe the coinsquare fee is only 0.25%

Yes, I had to do ID verification

[Anonymous No.4213295]

>>4213242

See #3 here

>>4213199

This guy knows what he's talking about. The legal cost for them to come after you would be FAR greater than what they say you might owe.

[Anonymous No.4213312]

>>4213282
>how would they know how many trades i made if all the exchanges in the last few years require no identification if you are just trading crypto's?

Well potentially if you are talking about trading low amounts, you may not need to provide ID.
But it seems any avenue of trading to allow a decent amount deposit ($10,000 or more) now absolutely requires at a minimum one piece of Government ID.

[Anonymous No.4213329]

>>4213287
Okay, thanks for the info.

[Anonymous No.4213338]

>>4213276

I've converted it back to CAD at a dip thru Quadriga. It's instant. And bought ETH thru them with that CAD. And I've also requested a withdraw, which only took 2 days with E-transfer.

I won't declare anything. I won't be on their radar, and in the tiniest chance they do - I'm claiming ignorance. It's a losing battle for them until they change the laws.

[Anonymous No.4213371]

>>4213312
if you change between USD/BTC in exchanges that don't require ID verification there is no record of your identity doing any trades. if you don't withdraw to fiat.

if you changed fiat into BTC, record it so you can deduct it from capital gains. but if you mined BTC like i did, there is no paper trail to follow and my trades were done on exchanges that required no ID verification.

in the end it's just less hassle for me to declare the whole sum as cap gains and be done with it.

[Anonymous No.4213439]

>>4213295
see >>4213199

I agree with:
>The legal cost for them to come after you would be FAR greater than what they say you might owe.

However us little guys are far less likely to lawer up then the big players, so I wouldn't want to take a risk meeting Tyrone in whatever is my closest jail. Too bad there is no fucking way to trade cryptos from within a TFSA.
>>4213338
So when you say you converted back to CAD, did you withdrawl it from your Quad account, or leave the funds in there to purchase the ETH in the future?

Also, see >>4213199 regarding the legality of the tax situation here in Canada. Initially I thought it was ill defined in the law until I found the above links. Now I am worried claiming ignorance will not be a valid option since it appears rather concise. Please correct me if I am wrong.


ALSO for anyone using quadriga to trade, it seems if you leave the funds in their account, because they are not real CAD's then having to report cap gains on any crypto to CAD transaction does not apply because you do not actually receive the CAD funds until the money is fully withdrawal'd from the account.

[Anonymous No.4213480]

>>4213371
>if you change between USD/BTC in exchanges that don't require ID verification there is no record of your identity doing any trades. if you don't withdraw to fiat.
I certainly agree with this.


>if you changed fiat into BTC, record it so you can deduct it from capital gains.
Only after I sell from BTC back to fiat, correct? There is nothing to report as cap gains if I simply buy from fiat and hold without transferring it back to fiat, is my understanding right?

[Anonymous No.4213491]

>>4213439

I withdrew $500 CAD from Quad as a test to see how long it would take. The rest I left in Quad to purchase ETH and XBT with when I felt the prices were good

[Anonymous No.4213524]

>>4213199

Wait, BTC profits aren't taxable in BC?


>>4213491

How long DID it take them for get the fiat to your account?

[Anonymous No.4213528]

>>4213491
When did you do this? What method of withdrawal did you use, and how long did it take?

Sorry for the many questions, I am just trying to hear some genuine feedback from folks instead of the shill comments that I see so often on other forums from staff of these exchanges.

[Anonymous No.4213531]

>>4212971
except that you can't buy bitcoin with a Tangerine account, only with interact email transfer.

[Anonymous No.4213570]

Is Interac e-Transfer the one via email adress? What is "Interac Online" payments in comparison to that? For example Envision ( a BC credit union) offers both eTransfer and Online). Which is the one that works to fund or recieve from QuadrigaCX?

[Anonymous No.4213580]

>>4213480
yes, you would only deduct your initial investment from your cap gains once you've realized your gains and put it into a bank account.

>>4213524
bitcoins are taxed as capital gains. and if you trade them for items, they are considered barters items and still taxed.

[Anonymous No.4213581]

>>4212782

Try being a bong.

Buying on Dr / Cr card is fine, but you have a £500 limit for a while and you get hit with the transaction fees.

If you want to do a wire transfer for over £500 amounts, you have to do a SEPA transfer to some cuckshed in Estonia in Euros, which means you get hit with a non-Sterling Euro fee, shitty exchange GBP/EUR exchange rate, a £9 SEPA transfer fee, then once you are on GDAX if you want to pull out you have to wire in Euros meaning you get hit with a shitty Euro exchange rate fee on the way out and another SEPA fee.

Then your bank flags your account and you get your doors smashed in by old bill while buttering your toast, who hit you with the double charge of money laundering and possession of a dangerous weapon.

[Anonymous No.4213597]

>>4213524

Request Monday morning was accessible on Wednesday.

Gambling profits aren't taxable. And bitcoins been thrown into that category. Which is why CRA runs risk of losing a legal battle they aren't willing to fight yet. It's gambling, so it's not taxable. But you're making money, jsut more reliably than we expected, so we want to tax it. Hard fight to fight.

[Anonymous No.4213611]

Kraken, Kraken works OP
If you can ever make your way down to this post. Expect a long wait for wire transfers though, there is no way around it.

[Anonymous No.4213619]

>>4213570
I use Envision credit union personally, and I use coinsquare, you can deposit using both Interac Online (fees are lower for this and instant) and Interac E Transfer, but I think you can only withdraw using E Transfer.

[Anonymous No.4213699]

>>4213597
Have you read any of the short blurbs I have posted regarding taxes? Do you agree? >>4213199


>>4213611
Is wire transfers the only way to deposit with them and are the fees large? Have you used any of the other exchanges mentioned in this thread (Quadriga, Coinbase, Coinsquare), and if so how do they compare to Kraken in your opinion?

[Anonymous No.4213703]

>>4212782
How do I get a girlfriend like this?

[Anonymous No.4213726]

>>4212782
I'm using coinsquare because they somehow verified me instantly. I've put $2000 in and my only complaints are that you can't withdraw anything you buy for 7 days and that the withdrawal fee is 0.001 btc

[Anonymous No.4213732]

>>4213597
Sorry, I just realized I have been posting the wrong post reference to my Canadian Tax resources post. Damn this has been a long day for me. I just want to get my money in and start trading :(
>4213262

[Anonymous No.4213754]

>>4213726
Is that withdrawal fee a flat fee, or does it scale with the size of your funds moved?

[Anonymous No.4213764]

>>4213611

Kraken has been processing my verification for 2 weeks, and I can't fund them yet.

>>4213699

Yes. No. Ignorance and being naive. You heard about it on the news and decided to play around. The big 5 Bankers and CRA don't understand crypto enough right now to come after you for anything legally.

[Anonymous No.4213771]

I've just checked out Quadriga for the first time and it looks basic as fuck.

What the fuck is XBT???????????

[Anonymous No.4213815]

>>4212782
I use both Quadriga and nTrust. Quadriga took a good 5 weeks before I got fully verified about 6 months ago, nTrust took 24 hours. Little bit higher to buy but they have no transfer fees. If you message Quadriga on Reddit, they are quicker to act on your ticket.

[Anonymous No.4213822]

>>4213764
Seems sketchy to commit to such a position but I understand what you mean. Thanks for the insights. I will keep these stances in mind incase I ever need to justify.

>>4213771
XBT is BTC. I think there are multiple sites that use the naming nomenclature. Something about being ISO compliant I believe. Are you Canadian, if you what exchange do you use, and what are your experiences with it?

[Anonymous No.4213859]

>>4213815
>If you message Quadriga on Reddit
lol dammit, now I need to have a make one of these accounts too... But that's a good idea, I will do that if they don't act on my ticket in 48 hours.

I will investigate nTrust. Do they have high liquidity to make for quick trades? I have not heard of them during all of my research before this thread.

[Anonymous No.4213912]

>>4213754
Flat. I dont want to pay it for my measly 0.2 btc, but they haven't confirmed anything for the fork and I'm worried

[Anonymous No.4213926]

>>4213859

They let me purchase with a credit card, without being verified. Then, those coins cant be sent to another wallet until my ID is verified. Going on 2 days and nothing yet. Purchase is locked there right now. They also don't show their spread until you have funding. They were the highest buys today at $9900

[Anonymous No.4213975]

Do you guys think Quadriga will bring back their Paypal withdraw option?

[Anonymous No.4213997]

>>4213975

It's Paypal, not Quadriga. Paypal has everything to lose with bitcoin's success.

[Anonymous No.4214289]

>>4213859
nTrust is just so you can buy BTC. I've linked my bank to that and Quadriga. (RBC). I buy BTC then transfer to Bittrex or whatever exchange I want to buy shitcoins. Not sure what the limit to deposit is, but the daily/monthly limit to buy BTC for a verified account is $9995 for nTrust. If you sign up, here's my referral code: dar323 (we both get $2).

[Anonymous No.4214414]

I have dual citizenship (US/CAN) and as such, have a GDAX account and a much easier time buying crypto than my fellow leafs

Should I be exploiting this opportunity to the fullest? i.e. using my US bank account to buy ETH/BTC and immediately selling at a markup in Canada?

[Anonymous No.4214470]

Haha Jesus fuck. You plebs are going to get annihilated.

Bitcoin is dropping 80-90% of it's value this month.

[Anonymous No.4214479]

>>4214414
Yes. But the markup difference might not be that significant after transfer fees.

[Anonymous No.4214571]

>>4214479

I have RBC cross-border banking and they supposedly give me a "preferred" conversion rate for USD-CAD. I'll have to look at what the actual rate is

I could also use Interactive Brokers to trade between currencies, I'm sure that would be cheaper

[Anonymous No.4214602]

Does anyone know where I can transfer my BTG off of Quadriga to? Bitfinex seems to allow trading but won't let me transfer it in.

[Anonymous No.4214763]

>>4214602

Binance has BTG


>>4213815

5 weeks? Damn, they took like 3 business days to verify me but that was back in 2016, I am assuming they are more swamped with new arrivals now.

[Anonymous No.4214851]

>>4214763
Binance says "suspend" for BTG on their deposit page

[Anonymous No.4214916]

>>4214851

Oh my bad, I GOT mine from Binance in the first place so I was able to trade it there

[Anonymous No.4214974]

>>4212782

Why am I so damn attracted to women's armpits? I just wanna drag my tongue through that pit in OP's image. Ugh.

[Anonymous No.4216006]

ezBtc
they accept e-transfer and have pretty high limits

[Anonymous No.4216619]

>>4214763
I think they must be swamped now as well. Most of the feedback I have read online said Quadriga doesn't take longer than a couple days to verify. But I am at a week and counting. You think they would hire more staff to help them accept as many people's cash as possible.

[Anonymous No.4216627]

>>4216006
Have you used any other exchanges that you can share your compare/contrasting experiences with?

[Anonymous No.4216827]

>>4212782
Kraken, then call your bank to setup the wire.