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/biz/ - Business & Finance

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6397956 No.6397956 [Reply] [Original]

>robinhood isnt available here
>coinbase doesnt even allow you to sell
it seems as though every beginner friendly app doesnt work in canada. does anyone know of a beginner friendly app/website that actually works properly in canada??

>> No.6398001

What are you trying to do exactly?

>> No.6398021

coinsquare

>> No.6398035

Quadrigacx is unquestionably the best exchange for us Canadians. They take a little while for verifcation, but once accepted, it's smooth sailing.

Use my ref code: r3kgo0srz5im1hkljh84p2f5 if you want to help a fellow brother out!

>> No.6398057

>>6397956
QuadrigaCX is god-tier. That's what all the /biz/ leafs will recommend.

Have personally cashed out half a million from QuadrigaCX to Royal Bank of Canada without a single issue.

>> No.6398061

ntrust is good

>> No.6398117

I've used coinsquare but I heard good things about Quadriga too.

>> No.6398239

>>6397956
Quadrigacx no contests.
No issues, no flaws, quick rapid no fucking problems like 3/4 of these exchanges

I cashed out tons and got it sent by interac in a day to my RBC bank account.

I'm from Quebec le gros

>> No.6398260

>>6397956
Coinsquare's good because they verified me instantly and didn't require my passport and semen samples like other exchanges. However you can't move your funds off the exchange for around 7 days after you deposit.
It has much lower volume that other exchanges though, but I've found that the high volatility and spread makes it very forgiving if you want to learn to daytrade, swing trade or arbitrage.
I'll post a referral if you want, I don't know what it gives me

>> No.6398550

damn, I didn't realize canada was tough on crypto

good luck to all my moose riding, maple syrup chugging, hockey player brothers in the true north. don't blow all your gains on poutine

>> No.6398594

just as an FYI - interac withdrawals are down on Quadrigacx

>> No.6398598

>>6398057
Good to hear. I'm paranoid that my bank account will be frozen for money laundering if I cash out that much

>> No.6398808

>>6398550
if there was a poutine coin i'd buy it.

>> No.6398909

>>6398550
Canada's not bad at all for crypto. We have a better tax structure for crypto than the US... and we can legally buy ICOs.

>> No.6398971

equifax keeps failing for me on quadrigacx

>> No.6399015

>>6398239
Que/biz/er too, I transfered by ETF a few weeks ago, but now it seems that ETF transfers are down. I got an email about that which kinda sucks because they don't have an ETA for the fix

>> No.6399081

>>6398057
Any issues or calls from the bank after depositing a large amount of money? AML crackdown is pretty big in canuckland

>> No.6399099

my only problem with quadrigacx is sometimes eth in takes longer than it should, gotten all the money out no problem

>>6398598
look at the real estate markets in vancouver and toronto

canadian banks have no problem with money laundering, as long as it's through them

>> No.6399770

Sign up to coinsquare, use this referral and receive $20
F667713F8

>> No.6400452

>>6399015
Ive always used interac.

How do you fill your taxes?

>> No.6400730

Any of you fellow leafs knowledgeable about canadian laws on crypto taxation? Just asking out of curiosity for when i eventually cash out

>> No.6400782

>>6397956
>robinhood isnt available here
>coinbase doesnt even allow you to sell
wtf I love canadian immigration services for denying my application now.

>> No.6400869

Almost all funding options on Quad are down. Also doesn’t accept co-branded debit cards for Interac online.

>> No.6401013

Quadrigacx is overwhelming for a beginner

>> No.6401100

>>6401013
>overwhelming
Yeah I hope it overwhelms normies

>> No.6401258

>>6400452
I did not cash out yet

>> No.6401337

>>6399081
Nope. It's only been a few weeks, but no calls from the bank yet.

I don't think half a mil is really enough to cause concern.

>> No.6401891

So is quad and coinbase the only options?

>> No.6402041

>>6401891
It's easy to instabuy on coinbase...but just be sure to transfer it to quad or even coinsquare asap. Normiebase becomes unusable once something big happens in the markets

>> No.6402207

>>6400730
Yes. Your cryptocurrency taxation in Canada is pretty simple.

Profit = amount cashed out - initial investment
Taxable profit = 50% of profit
Tax rates = income tax on the taxable profit.

You'll be paying maximum ~25% on your profit depending on which province you live in.

So basically, look at your stack in USD, and that's what you'll receive in CAD when you pay taxes.

Also, our taxes go to doctors, emergency services, and paying blue collar guys to build roads and infrastructure so you better not cry about it.

>> No.6402288

>>6401337
Thanks, good to know. What withdrawal method did you use and how long did it take?

>> No.6402598
File: 252 KB, 899x1599, cashout.png [View same] [iqdb] [saucenao] [google]
6402598

>>6402288

I used QuadrigaCX and the EFT transfer. I did it 5 times at 100,000 (the maximum) and each one took under a week, as they advertised. No issues, no late payments, I didn't have to talk to support or my bank once.

Here's the deposit I got today.

>> No.6403221

EGAS has a 13 mil max coin supply and the price is sub 10cents right now. Even if it turns out to be a scamcoin it will definitely get pumped to $1 before then and that will only put it at 13m market cap.
Take a look@ https://coinmarketcap.com/currencies/ethgas/

>> No.6403300

>>6402598
Awesome, looks like quadragia is the way to go