{"id":70492,"date":"2021-05-19T06:05:23","date_gmt":"2021-05-19T10:05:23","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=70492"},"modified":"2021-05-26T15:18:38","modified_gmt":"2021-05-26T19:18:38","slug":"cryptocurrency-starter-guide-how-to-buy-your-first-bitcoin-and-trade","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/cryptocurrency-starter-guide-how-to-buy-your-first-bitcoin-and-trade\/","title":{"rendered":"How to Buy Bitcoins in Canada &#8211; Step by Step Guide to your First Bitcoin (2021)"},"content":{"rendered":"<p>Cryptocurrency has been a heavily discussed topic over the last decade, with arguments from both sides of the aisle. Some love it, some don\u2019t believe in it. The <a href=\"https:\/\/en.wikipedia.org\/wiki\/Bitcoin\" target=\"_top\" rel=\"noopener noreferrer\">most famous<\/a> amongst the various digital currencies is the original Bitcoin. Read further to learn about Bitcoins in Canada and How to Buy Bitcoins.<\/p>\n<p>Things change fast in the crypto world. \u00a0New crypto players, new cryptos, new trading apps. This is our 2021 update to buying Bitcoins and cryptocurrencies in Canada.<\/p>\n<p>Interest in digital investment is growing quickly, with the general public becoming more and more aware of bitcoins. If you\u2019re curious about how cryptocurrency works, and how to go about purchasing your first Bitcoins, we\u2019ve gathered all the information you\u2019ll need here. We also have an older post on the <a href=\"https:\/\/stockchase.com\/discover\/top-7-cryptocurrency-investing-tips-a-beginners-guide\/\">Top 7 Cryptocurrency Investing Tips<\/a>\u00a0that you might find useful still.<\/p>\n<div style=\"margin: 30px 0; background-color: #e6f5f6; border: 1px solid #99d6d9; padding: 30px;\">\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Discover What&#039;s Inside<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/stockchase.com\/discover\/cryptocurrency-starter-guide-how-to-buy-your-first-bitcoin-and-trade\/#From_CAD_to_Trading_Bitcoin\" >From CAD to Trading Bitcoin<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/stockchase.com\/discover\/cryptocurrency-starter-guide-how-to-buy-your-first-bitcoin-and-trade\/#What_is_cryptocurrency\" >What is cryptocurrency?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/stockchase.com\/discover\/cryptocurrency-starter-guide-how-to-buy-your-first-bitcoin-and-trade\/#How_does_cryptocurrency_work\" >How does cryptocurrency work?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/stockchase.com\/discover\/cryptocurrency-starter-guide-how-to-buy-your-first-bitcoin-and-trade\/#Is_Bitcoin_Safe\" >Is Bitcoin Safe?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/stockchase.com\/discover\/cryptocurrency-starter-guide-how-to-buy-your-first-bitcoin-and-trade\/#How_to_Buy_Bitcoins_In_Canada\" >How to Buy Bitcoins In Canada?<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/stockchase.com\/discover\/cryptocurrency-starter-guide-how-to-buy-your-first-bitcoin-and-trade\/#Coinsquare\" >Coinsquare<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/stockchase.com\/discover\/cryptocurrency-starter-guide-how-to-buy-your-first-bitcoin-and-trade\/#Why_use_Coinsquare\" >Why use Coinsquare?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/stockchase.com\/discover\/cryptocurrency-starter-guide-how-to-buy-your-first-bitcoin-and-trade\/#Getting_verified_and_fund_transfers\" >Getting verified and fund transfers<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/stockchase.com\/discover\/cryptocurrency-starter-guide-how-to-buy-your-first-bitcoin-and-trade\/#Trade_the_deposited_funds_and_fees\" >Trade the deposited funds (and fees)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/stockchase.com\/discover\/cryptocurrency-starter-guide-how-to-buy-your-first-bitcoin-and-trade\/#Quick_Trade\" >Quick Trade<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/stockchase.com\/discover\/cryptocurrency-starter-guide-how-to-buy-your-first-bitcoin-and-trade\/#Social_Proof\" >Social Proof<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/stockchase.com\/discover\/cryptocurrency-starter-guide-how-to-buy-your-first-bitcoin-and-trade\/#i\" >\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/stockchase.com\/discover\/cryptocurrency-starter-guide-how-to-buy-your-first-bitcoin-and-trade\/#i-2\" >\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/stockchase.com\/discover\/cryptocurrency-starter-guide-how-to-buy-your-first-bitcoin-and-trade\/#Coinsquare_to_Binance\" >Coinsquare to Binance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/stockchase.com\/discover\/cryptocurrency-starter-guide-how-to-buy-your-first-bitcoin-and-trade\/#How_to_transfer_from_Coinsquare_to_Binance\" >How to transfer from Coinsquare to Binance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/stockchase.com\/discover\/cryptocurrency-starter-guide-how-to-buy-your-first-bitcoin-and-trade\/#How_to_transfer_from_Coinsquare_to_Binance-2\" >How to transfer from Coinsquare to Binance<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/stockchase.com\/discover\/cryptocurrency-starter-guide-how-to-buy-your-first-bitcoin-and-trade\/#Social_Proof-2\" >Social Proof<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/stockchase.com\/discover\/cryptocurrency-starter-guide-how-to-buy-your-first-bitcoin-and-trade\/#Crypto_Trading_Bot_%E2%80%93_Zignaly\" >Crypto Trading Bot &#8211; Zignaly<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/stockchase.com\/discover\/cryptocurrency-starter-guide-how-to-buy-your-first-bitcoin-and-trade\/#Tracking_Bitcoin_using_CoinTracking_and_Wealthica\" >Tracking Bitcoin using CoinTracking and Wealthica<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/stockchase.com\/discover\/cryptocurrency-starter-guide-how-to-buy-your-first-bitcoin-and-trade\/#Conclusion\" >Conclusion<\/a><\/li><\/ul><\/nav><\/div>\n<h2 style=\"text-align: center; padding-bottom: 10px;\"><span class=\"ez-toc-section\" id=\"From_CAD_to_Trading_Bitcoin\"><\/span>From CAD to Trading Bitcoin<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ol>\n<li><a href=\"#what-is-crypto\">What is Cryptocurrency?<\/a><\/li>\n<li><a href=\"#how-does-crypto-works\">How does Cryptocurrency works?<\/a><\/li>\n<li><a href=\"#is-bitcoin-safe\">Is Bitcoin safe?<\/a><\/li>\n<li><a href=\"#purchasing-bitcoins-coinsquare\">Buying Bitcoins in Canada: Coinsquare<\/a><\/li>\n<li><a href=\"#coinsquare\">Coinsquare<\/a><\/li>\n<li><a href=\"#why-use-coinsquare\">Why use Coinsquare?<\/a><\/li>\n<li><a href=\"#coinsquare-social-proof\">Coinsquare Social Proof<\/a><\/li>\n<li><a href=\"#trading-crypto-binance\">Trading Cryptocurrency from Coinsquare to Binance<\/a><\/li>\n<li><a href=\"#binance-social-proof\">Binance Social Proof<\/a><\/li>\n<li><a href=\"#crypto-trading-bot\">Next level: Crypto Trading Bot<\/a><\/li>\n<li><a href=\"#tracking-bitcoin\">Tracking Bitcoin with CoinTracking and Wealthica<\/a><\/li>\n<li><a href=\"#conclusion\">Conclusion<\/a><\/li>\n<\/ol>\n<\/div>\n<hr style=\"color: #99d6d9; background-color: #99d6d9; border-top: 1px solid #99d6d9;\" \/>\n<p style=\"font-size: 16px;\"><span style=\"background-color: #ffff00;\"><strong>Affiliate Disclaimer<\/strong><\/span> \u2013 Even though we receive referral fees from companies mentioned on this website, we try to make our reviews unbiased and backed by our own experience and social proof. If you sign up for Coinsquare, Newton, Shakepay, Binance or Zignaly using our <a title=\"Coinsquare\" href=\"https:\/\/stockchase.com\/discover\/go\/coinsquare\/\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">affiliate links<\/a> we may earn a commission. We will use most of the revenues to make <a href=\"https:\/\/stockchase.com\" target=\"_blank\" rel=\"noopener noreferrer\">Stockchase<\/a> and <a href=\"https:\/\/wealthica.com\" target=\"_blank\" rel=\"noopener noreferrer\">Wealthica<\/a> better. Your support helps and we genuinely appreciate it. We truly believe they\u2019re great cryptocurrency tools and that you\u2019ll be happy with the service they provide. Do your research on Google, Reddit and Facebook groups and you\u2019ll find most people <a title=\"Is Coinsquare legit? (Reddit Link)\" href=\"https:\/\/www.reddit.com\/r\/BitcoinCA\/comments\/80o7fo\/is_coinsquare_a_scam\/\" target=\"_blank\" rel=\"noopener noreferrer\">say the same<\/a>.<\/p>\n<h3 id=\"what-is-crypto\"><span class=\"ez-toc-section\" id=\"What_is_cryptocurrency\"><\/span>What is cryptocurrency?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Cryptocurrency is a decentralized digital asset or digital currency. This is contrary to what is called fiat currency, which is a legal tender backed by an issuing government. The Canadian dollar would be an example of fiat currency.<\/p>\n<blockquote>\n<p>Bitcoin is generally considered the first decentralized cryptocurrency launched in 2009.<\/p>\n<\/blockquote>\n<p>It\u2019s still the most widely known and held cryptocurrency. Since there have been more than 4,000 altcoins, or alternative variants of Bitcoin. According to <a href=\"https:\/\/fortune.com\/2017\/12\/12\/bitcoin-historical-investment-values\/\" target=\"_blank\" rel=\"noopener noreferrer\">Fortune<\/a>, if you had bought $100 USD worth of Bitcoins in 2010 at 6 cents a Bitcoin, it was worth $28,341,266 in 2017. Imagine what it would be worth today in 2021.<\/p>\n<p>However, Bitcoins and other cryptocurrencies are very speculative. They experience huge volatility and are only recommended as an investment you make with money you don\u2019t mind losing.<\/p>\n<p>Investing in cryptocurrency has some advantages such as paying cheap fees compared to investing in fiat currencies. They also offer the availability of transactions and a quick exchange, as well as being able to trade whenever you want. Anyone, anywhere, at any time can trade bitcoins.<\/p>\n<h3 id=\"how-does-crypto-works\"><span class=\"ez-toc-section\" id=\"How_does_cryptocurrency_work\"><\/span>How does cryptocurrency work?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Cryptocurrency works through blockchain technology that serves as a public transaction database. All transactions are included in the blockchain are reinforced with cryptography for the integrity and chronological order of the blockchain. You can read more about this technology <a href=\"https:\/\/bitcoin.org\/en\/how-it-works\" target=\"_blank\" rel=\"noopener noreferrer\">here<\/a>.<\/p>\n<h3 id=\"is-bitcoin-safe\"><span class=\"ez-toc-section\" id=\"Is_Bitcoin_Safe\"><\/span>Is Bitcoin Safe?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Bitcoins can be securely held in local drives, computers or in digital wallets. Bitcoins themselves are safe. However, as this is still a developing domain with little regulation, which currency exchange, digital wallet and other services you use when trading your bitcoins is important. There have been stories of massive scams that have had millions of dollars worth of Bitcoins being stolen away.<\/p>\n<blockquote>\n<p>One key factor in trading Bitcoin safely is to choose the exchange wisely.<\/p>\n<\/blockquote>\n<p>In terms of investment risk, as we previously noted, Bitcoin and other Altcoins are very volatile so you must be prudent and only invest as much as you are willing to lose.<\/p>\n<h3 id=\"purchasing-bitcoins-coinsquare\"><span class=\"ez-toc-section\" id=\"How_to_Buy_Bitcoins_In_Canada\"><\/span>How to Buy Bitcoins In Canada?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Buying your first Bitcoins is easy if you go with the right platform. We used to recommend\u00a0<a href=\"https:\/\/stockchase.com\/discover\/go\/coinsquare\/\">Coinsquare<\/a> as the best and easiest way to buy Bitcoins for Canadians. But today, there are other great alternatives for Canadians.<\/p>\n<p>\u00a0<\/p>\n<p>+ <a href=\"https:\/\/stockchase.com\/discover\/go\/coinsquare\">Coinsquare<\/a>\u00a0($10 CAD in BTC)<\/p>\n<p>+ <a href=\"https:\/\/stockchase.com\/discover\/go\/newton\">Newton<\/a>\u00a0($25 Signup Bonus)<\/p>\n<p>+ <a href=\"https:\/\/stockchase.com\/discover\/go\/shakepay\">Shakepay<\/a>\u00a0($10 Signup Bonus)<\/p>\n<p>+ <a href=\"https:\/\/stockchase.com\/discover\/go\/questrade\">Questrade<\/a> &#8211; Through a Bitcoin ETF ($50 in free trades)<\/p>\n<p>+ <a href=\"https:\/\/stockchase.com\/discover\/go\/wtrade\">Wealthsimple Trade<\/a>\u00a0($10 Signup Bonus)<\/p>\n<p>\u00a0<\/p>\n<h2 id=\"coinsquare\"><span class=\"ez-toc-section\" id=\"Coinsquare\"><\/span>Coinsquare<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Coinsquare calls itself Canada\u2019s home for digital currency.<\/p>\n<p>It\u2019s a Toronto based leader in cryptocurrency exchange in Canada. The main draw for using Coinsquare is that you can exchange CAD to Bitcoins. As Canadian investors, this is a huge advantage as you won\u2019t need to pay for exchange fees to buy USD to trade to Bitcoins.<\/p>\n<p><a href=\"https:\/\/stockchase.com\/discover\/go\/coinsquare\/\">Coinsquare<\/a> also has a 95% <a href=\"https:\/\/www.investopedia.com\/terms\/c\/cold-storage.asp\" target=\"_blank\" rel=\"noopener noreferrer\">cold storage<\/a> policy that guarantees a very high level of security. Cold storage means the digital wallet is stored on a platform that is not connected to the internet, protected from unauthorized access or hacks.<\/p>\n<h3 id=\"why-use-coinsquare\"><span class=\"ez-toc-section\" id=\"Why_use_Coinsquare\"><\/span>Why use Coinsquare?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div style=\"margin: 10px 0px 0px 0px; background-color: #ffffff; border: 1px solid #99d6d9; border-radius: 5px; padding: 20px 10px 10px 10px;\"><img decoding=\"async\" class=\"alignnone size-medium wp-image-70500\" src=\"https:\/\/stockchase.com\/discover\/wp-content\/uploads\/2019\/05\/aSjQ73TN09SfpMH6jGtPhR9wEt8ADFtFkE-yaW4Rl79d0GiUVegIwuxoy0M7qkS11wUQwgKzXKNLkfnpUKLmnegiBqIt37A0UCpQxOpgqnyet5Src4wCnrOwnhCP2sLxEeHsAInh-760x310.png\" alt=\"aSjQ73TN09SfpMH6jGtPhR9wEt8ADFtFkE yaW4Rl79d0GiUVegIwuxoy0M7qkS11wUQwgKzXKNLkfnpUKLmnegiBqIt37A0UCpQxOpgqnyet5Src4wCnrOwnhCP2sLxEeHsAInh\" width=\"850\" \/><\/div>\n<p>Here are a few reasons to use Coinsquare :<\/p>\n<ul>\n<li>CAD Support<\/li>\n<li>Transfer funds easily using Interac eTransfers<\/li>\n<li>Easy and quick account verification process<\/li>\n<\/ul>\n<p>The user interface is also very sleek!<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Getting_verified_and_fund_transfers\"><\/span>Getting verified and fund transfers<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>To buy Bitcoins on <a href=\"https:\/\/stockchase.com\/discover\/go\/coinsquare\/\" rel=\"nofollow\">Coinsquare<\/a> you\u2019ll need to first complete the signup process and get verified. To open an account, you\u2019ll need a mobile phone to get a verification code, government issued photo ID and a proof of address.<\/p>\n<div style=\"margin: 10px 0px 0px 0px; text-align: center; background-color: #f4f4f4; border: 2px dotted #99d6d9; border-radius: 5px; padding: 20px 10px 10px 10px;\">Get $10 when you signup for <a href=\"https:\/\/stockchase.com\/discover\/go\/coinsquare\/\" rel=\"nofollow\">Coinsquare<\/a> using our affiliate <a href=\"https:\/\/stockchase.com\/discover\/go\/coinsquare\/\" rel=\"nofollow\">link<\/a>\u00a0(awarded by Coinsquare after verification and funding).<\/div>\n<p>Once verified, you can transfer funds to the account using the following methods:<\/p>\n<div style=\"margin: 10px 0px 0px 0px; background-color: #lightgrey; border: 1px solid #99d6d9; border-radius: 5px; padding: 20px 10px 10px 10px;\"><img decoding=\"async\" class=\"alignnone size-medium wp-image-70501\" src=\"https:\/\/stockchase.com\/discover\/wp-content\/uploads\/2019\/05\/Screen-Shot-2019-04-24-at-11.17.41-PM-760x511.png\" alt=\"Coinsquare Deposit Methods Fund Transfers\" width=\"850\" \/><\/div>\n<p>Personally, it took a day to be verified and another four days, including the weekend, for them to accept my e-transfer. Their usual processing time is 1-5+ days, according to their website.<\/p>\n<p>All accounts are subject to 7 days of withholding on incoming e-Transfers.<\/p>\n<p>Your funds will be available for trading as soon as they are credited to your account but the funded balance (CAD and purchased coins) will not be available for withdrawal until the end of the withholding period.<\/p>\n<p>Withholding restrictions are removed on subsequent transfers after a minimum of 5 completed e-transfers and 3000 CAD of cumulative volume.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Trade_the_deposited_funds_and_fees\"><\/span>Trade the deposited funds (and fees)<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>You can trade your deposited funds to Bitcoins directly on <a href=\"https:\/\/stockchase.com\/discover\/go\/coinsquare\/\" rel=\"nofollow\">Coinsquare<\/a> on their platform, or to any other digital currencies they support. Take a note that QuickTrade fees are a little higher than buying on the Bit Markets (or \u201cAdvanced Trading\u201d) but they are both very low.<\/p>\n<div style=\"margin: 10px 0px 0px 0px; background-color: #ffffff; border: 1px solid #99d6d9; border-radius: 5px; padding: 20px 10px 10px 10px;\"><img decoding=\"async\" class=\"alignnone size-medium wp-image-70502\" src=\"https:\/\/stockchase.com\/discover\/wp-content\/uploads\/2019\/05\/Screen-Shot-2019-04-24-at-11.26.19-PM-760x287.png\" alt=\"Coinsquare Fees\" width=\"850\" \/><\/div>\n<h3><span class=\"ez-toc-section\" id=\"Quick_Trade\"><\/span>Quick Trade<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><img decoding=\"async\" style=\"margin-left: 20px;\" src=\"https:\/\/stockchase.com\/discover\/wp-content\/uploads\/2019\/05\/Screen-Shot-2019-04-17-at-5.08.06-PM-copy.png\" alt=\"Quick Trade with Coinsquare\" width=\"250\" align=\"right\" \/>The Quick Trade screen is easy to use and accessible from the main screen. It also has shortcuts for the amount you want to allocate for your trade.<\/p>\n<p>However, we recommend just buying Bitcoins with CAD and to use the Binance exchange to trade between different cryptocurrencies, as they support a greater number of altcoins and allows for more functionality.<\/p>\n<h3 id=\"coinsquare-social-proof\"><span class=\"ez-toc-section\" id=\"Social_Proof\"><\/span>Social Proof<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><a href=\"https:\/\/stockchase.com\/discover\/go\/coinsquare\/\" rel=\"nofollow\">Coinsquare<\/a> is a favourite among Canadian bitcoin investors for their excellent support and ease of use. We compiled a few comments found on Twitter and Reddit about Coinsquare.<\/p>\n<div style=\"margin: 10px 0px 0px 0px; text-align: center; background-color: #ffffff; border: 1px solid #99d6d9; border-radius: 5px; padding: 20px 10px 10px 10px;\"><a href=\"https:\/\/stockchase.com\/discover\/go\/coinsquare\/\" rel=\"nofollow\"><img decoding=\"async\" title=\"Coinsquare Testimonial Review 1\" src=\"https:\/\/stockchase.com\/discover\/wp-content\/uploads\/2019\/06\/Screen-Shot-2019-06-16-at-11.41.23-PM.png\" alt=\"Coinsquare Testimonial Review\" width=\"550\" border=\"0\" \/><\/a><\/div>\n<div style=\"margin: 10px 0px 0px 0px; text-align: center; background-color: #ffffff; border: 1px solid #99d6d9; border-radius: 5px; padding: 20px 10px 10px 10px;\"><a href=\"https:\/\/stockchase.com\/discover\/go\/coinsquare\/\" rel=\"nofollow\"><img decoding=\"async\" title=\"Coinsquare Testimonial Review 2\" src=\"https:\/\/stockchase.com\/discover\/wp-content\/uploads\/2019\/06\/Screen-Shot-2019-06-16-at-11.41.55-PM.png\" alt=\"Coinsquare Testimonial Review - Social Proof 1\" width=\"550\" border=\"0\" \/><\/a><\/div>\n<div style=\"margin: 10px 0px 0px 0px; text-align: center; background-color: #ffffff; border: 1px solid #99d6d9; border-radius: 5px; padding: 20px 10px 10px 10px;\"><a href=\"https:\/\/stockchase.com\/discover\/go\/coinsquare\/\" rel=\"nofollow\"><img decoding=\"async\" title=\"Coinsquare Testimonial Review 3\" src=\"https:\/\/stockchase.com\/discover\/wp-content\/uploads\/2019\/06\/Screen-Shot-2019-06-16-at-11.42.18-PM.png\" alt=\"Coinsquare Testimonial Review - Social Proof 2\" width=\"550\" border=\"0\" \/><\/a><\/div>\n<div style=\"margin: 10px 0px 0px 0px; text-align: center; background-color: #ffffff; border: 1px solid #99d6d9; border-radius: 5px; padding: 20px 10px 10px 10px;\"><a href=\"https:\/\/stockchase.com\/discover\/go\/coinsquare\/\" rel=\"nofollow\"><img decoding=\"async\" title=\"Coinsquare Testimonial Review 4\" src=\"https:\/\/stockchase.com\/discover\/wp-content\/uploads\/2019\/06\/Screen-Shot-2019-06-16-at-11.53.03-PM.png\" alt=\"Coinsquare Testimonial Review - Social Proof 3\" width=\"550\" border=\"0\" \/><\/a><\/div>\n<div style=\"margin: 10px 0px 0px 0px; text-align: center; background-color: #ffffff; border: 1px solid #99d6d9; border-radius: 5px; padding: 20px 10px 10px 10px;\"><a href=\"https:\/\/stockchase.com\/discover\/go\/coinsquare\/\" rel=\"nofollow\"><img decoding=\"async\" title=\"Coinsquare Testimonial Review 5\" src=\"https:\/\/stockchase.com\/discover\/wp-content\/uploads\/2019\/06\/Screen-Shot-2019-06-16-at-11.51.53-PM.png\" alt=\"Coinsquare Testimonial Review - Social Proof 4\" width=\"550\" border=\"0\" \/><\/a><\/div>\n<h2><span class=\"ez-toc-section\" id=\"i\"><\/span>\u00a0<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h2><span class=\"ez-toc-section\" id=\"i-2\"><\/span>\u00a0<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h2 id=\"trading-crypto-binance\"><span class=\"ez-toc-section\" id=\"Coinsquare_to_Binance\"><\/span>Coinsquare to Binance<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>If you are serious about trading cryptocurrencies, you will probably want to transfer some Bitcoins from Coinsquare to an exchange like Binance. You will need to signup with a <a href=\"https:\/\/en.m.wikipedia.org\/wiki\/Cryptocurrency_exchange\" target=\"_blank\" rel=\"noopener noreferrer\">Cryptocurrency Exchange<\/a>. The exchange will allow you to trade almost all of the existing cryptocurrencies.<\/p>\n<h2 id=\"Trading on Binance\"><span class=\"ez-toc-section\" id=\"How_to_transfer_from_Coinsquare_to_Binance\"><\/span>How to transfer from Coinsquare to Binance<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Before you can trade on <a href=\"https:\/\/stockchase.com\/discover\/go\/binance\/\" rel=\"nofollow\">Binance<\/a>, you need to :<\/p>\n<p>&#8211; Convert Canadian Dollars to Bitcoin using <a href=\"https:\/\/stockchase.com\/discover\/go\/coinsquare\/\" rel=\"nofollow\">Coinsquare<\/a><\/p>\n<p>&#8211; Transfer some Bitcoins to <a href=\"https:\/\/stockchase.com\/discover\/go\/binance\/\" rel=\"nofollow\">Binance<\/a><\/p>\n<p>&#8211; Buy other cryptocurrencies using your Bitcoins<\/p>\n<div style=\"margin: 10px 0px 0px 0px; text-align: center; background-color: #f4f4f4; border: 2px dotted #99d6d9; border-radius: 5px; padding: 20px 10px 10px 10px;\">We recommend <a href=\"https:\/\/stockchase.com\/discover\/go\/binance\/\" rel=\"nofollow\">Binance<\/a>. You can support Stockchase and signup for <a href=\"https:\/\/stockchase.com\/discover\/go\/binance\/\" rel=\"nofollow\">Binance<\/a> using our <a href=\"https:\/\/stockchase.com\/discover\/go\/binance\/\" rel=\"nofollow\">link<\/a>.<\/div>\n<p><\/p>\n<h2 id=\"coinsquare-to-binance\"><span class=\"ez-toc-section\" id=\"How_to_transfer_from_Coinsquare_to_Binance-2\"><\/span>How to transfer from Coinsquare to Binance<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>To transfer your Bitcoins from <a href=\"https:\/\/stockchase.com\/discover\/go\/coinsquare\/\" rel=\"nofollow\">Coinsquare<\/a> to <a href=\"https:\/\/stockchase.com\/discover\/go\/binance\/\" rel=\"nofollow\">Binance<\/a>, you\u2019ll need to withdraw your coins from Coinsquare to your unique deposit address on Binance. You can find your deposit address under Wallet &#8211; Deposit on Binance and use it under Withdraw &#8211; Bitcoin at Coinsquare.<\/p>\n<p>Once your Bitcoins are transferred, you can either directly trade them against other digital currencies or trade automatically by using external crypto signals providers. We believe that a good strategy for investors who are less experienced in trading altcoins to use a Crypto Trading Bot that reacts quickly to signals and market changes.<\/p>\n<h3 id=\"binance-social-proof\"><span class=\"ez-toc-section\" id=\"Social_Proof-2\"><\/span><strong>Social Proof<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Binance is recommended by many users for it\u2019s excellent customer service, security, and speed.<\/p>\n<div style=\"margin: 10px 0px 0px 0px; text-align: center; background-color: #ffffff; border: 1px solid #99d6d9; border-radius: 5px; padding: 20px 10px 10px 10px;\"><img decoding=\"async\" title=\"Binance Review 1\" src=\"https:\/\/stockchase.com\/discover\/wp-content\/uploads\/2019\/06\/Screen-Shot-2019-06-16-at-11.29.39-PM.png\" alt=\"Binance Review 1\" width=\"550\" border=\"0\" \/><\/div>\n<div style=\"margin: 10px 0px 0px 0px; text-align: center; background-color: #ffffff; border: 1px solid #99d6d9; border-radius: 5px; padding: 20px 10px 10px 10px;\"><img fetchpriority=\"high\" decoding=\"async\" title=\"Binance Review 2\" src=\"https:\/\/stockchase.com\/discover\/wp-content\/uploads\/2019\/06\/Screen-Shot-2019-06-16-at-11.28.43-PM.png\" alt=\"Social Proof - 2\" width=\"588\" height=\"144\" border=\"0\" \/><\/div>\n<div style=\"margin: 10px 0px 0px 0px; text-align: center; background-color: #ffffff; border: 1px solid #99d6d9; border-radius: 5px; padding: 20px 10px 10px 10px;\"><img decoding=\"async\" title=\"Binance Review 3\" src=\"https:\/\/stockchase.com\/discover\/wp-content\/uploads\/2019\/06\/Screen-Shot-2019-06-16-at-11.55.42-PM.png\" alt=\"Social Proof - Binance 3\" width=\"438\" height=\"105\" border=\"0\" \/><\/div>\n<div style=\"margin: 10px 0px 0px 0px; text-align: center; background-color: #ffffff; border: 1px solid #99d6d9; border-radius: 5px; padding: 20px 10px 10px 10px;\"><img decoding=\"async\" title=\"Binance Review 4\" src=\"https:\/\/stockchase.com\/discover\/wp-content\/uploads\/2019\/06\/Screen-Shot-2019-06-16-at-11.55.59-PM.png\" alt=\"Social Proof - Binance 4\" width=\"450\" height=\"69\" border=\"0\" \/><\/div>\n<p>\u00a0<\/p>\n<h2 id=\"crypto-trading-bot\"><span class=\"ez-toc-section\" id=\"Crypto_Trading_Bot_%E2%80%93_Zignaly\"><\/span>Crypto Trading Bot &#8211; Zignaly<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>We use <a href=\"https:\/\/stockchase.com\/discover\/go\/zignaly\/\" rel=\"nofollow\">Zignaly<\/a> as a Crypto Trading Bot to automate trading without actively managing trades. You can also manually trade. They offer a <a href=\"https:\/\/stockchase.com\/discover\/go\/zignaly\/\" rel=\"nofollow\">30-day trial<\/a> to try out the service for free.<\/p>\n<p><a href=\"https:\/\/stockchase.com\/discover\/go\/zignaly\/\" rel=\"nofollow\">Zignaly<\/a> integrates with <a href=\"https:\/\/stockchase.com\/discover\/go\/binance\/\" rel=\"nofollow\">Binance<\/a> using an API, making it easy to connect and use. On the platform, you can use external crypto signals providers, connect with your <a href=\"https:\/\/stockchase.com\/discover\/go\/tradingview\/\" rel=\"nofollow\">TradingView<\/a> account and use with indicators to automate trading. They offer Trailing Stop Loss, not offered by most exchanges, that follows the price until the market reverses. You can also use Zignaly to set your full trading strategies with concurrent orders like Stop-Loss, Take-Profit, etc. for the same balance.<\/p>\n<p>The clean trading screen for manual trades and the provider signal integration gives a great user experience:<\/p>\n<div style=\"margin: 10px 0px 0px 0px; text-align: center; background-color: #ffffff; border: 1px solid #99d6d9; border-radius: 5px; padding: 20px 10px 10px 10px;\"><img decoding=\"async\" class=\"wp-image-70503 size-medium\" src=\"https:\/\/stockchase.com\/discover\/wp-content\/uploads\/2019\/05\/Screen-Shot-2019-04-25-at-12.17.11-AM-760x402.png\" alt=\"Zignaly Trading Experience\" width=\"850\" \/><\/div>\n<p><a href=\"https:\/\/stockchase.com\/discover\/go\/zignaly\/\" rel=\"nofollow\">Zignaly<\/a> trades directly on the exchange side and your coins are always stored on the exchange so withdrawal rights are not needed.<\/p>\n<p>You can start with few basic configurations on the general settings page or connect with a signal provider. The tools have explanations on each feature so it\u2019s easy to learn what works for you. There are more than a dozen signal providers that you can choose from, ranging in subscription fees from free to $20 per month.<\/p>\n<p>Most offer a free trial period and you can see their past performance. It\u2019s highly recommended to research each providers strategies, cost, and performance. You can also create your own provider by creating your own signals through <a href=\"https:\/\/stockchase.com\/discover\/go\/tradingview\/\" rel=\"nofollow\">Tradingview<\/a>, Coinigy or any other place.<\/p>\n<p>To set-up and start trading using <a href=\"https:\/\/stockchase.com\/discover\/go\/zignaly\/\" rel=\"nofollow\">Zignaly<\/a>, follow these steps:<\/p>\n<ol>\n<li>Create <a href=\"https:\/\/stockchase.com\/discover\/go\/binance\/\" rel=\"nofollow\">Binance<\/a> API Keys<\/li>\n<li>Go to <a href=\"https:\/\/stockchase.com\/discover\/go\/zignaly\/\" rel=\"nofollow\">Zignaly<\/a> Settings and save your <a href=\"https:\/\/stockchase.com\/discover\/go\/binance\/\" rel=\"nofollow\">Binance<\/a> API Keys<\/li>\n<\/ol>\n<div style=\"margin: 10px 0px 0px 0px; text-align: center; background-color: #ffffff; border: 1px solid #99d6d9; border-radius: 5px; padding: 20px 10px 10px 10px;\"><img decoding=\"async\" class=\"size-medium wp-image-70504 alignnone\" src=\"https:\/\/stockchase.com\/discover\/wp-content\/uploads\/2019\/05\/Screen-Shot-2019-04-11-at-1.57.03-PM-760x202.png\" alt=\"Screen Shot 2019 04 11 at 1.57.03 PM\" width=\"850\" \/><\/div>\n<p>You&#8217;re now connected to your Binance account through Zignaly.<\/p>\n<p>To follow signals and automate your trade, use a signal provider!<\/p>\n<div style=\"margin: 10px 0px 0px 0px; text-align: center; background-color: #ffffff; border: 1px solid #99d6d9; border-radius: 5px; padding: 20px 10px 10px 10px;\"><img decoding=\"async\" src=\"https:\/\/stockchase.com\/discover\/wp-content\/uploads\/2019\/05\/Screen-Shot-2019-05-07-at-10.16.34-PM-760x392.png\" alt=\"Screen Shot 2019 05 07 at 10.16.34 PM\" width=\"850\" \/><\/div>\n<p>To connect to a provider:<\/p>\n<ol>\n<li>Enable a signal provider<\/li>\n<li>Configure the settings of the chosen provider<\/li>\n<li>You\u2019re all set! Just wait for the next signal<\/li>\n<\/ol>\n<h2 id=\"tracking-bitcoin\"><span class=\"ez-toc-section\" id=\"Tracking_Bitcoin_using_CoinTracking_and_Wealthica\"><\/span>Tracking Bitcoin using CoinTracking and Wealthica<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>You can track your bitcoin and other digital currencies using <a href=\"https:\/\/stockchase.com\/discover\/go\/cointracking\/\" rel=\"nofollow\">CoinTracking<\/a> through Wealthica. Wealthica is an investment aggregate platform that gives you a holistic view of all your investments across institutions.<\/p>\n<p>Wealthica is also brought to you by the same team that brings you Stockchase.<\/p>\n<p><a href=\"https:\/\/stockchase.com\/discover\/go\/cointracking\/\" rel=\"nofollow\">CoinTracking<\/a> and Wealthica recently announced their partnership add-on to help investors track cryptocurrency alongside other investments. You can create a <a href=\"https:\/\/wealthica.com\" target=\"_blank\" rel=\"noopener noreferrer\">Wealthica<\/a> account here if you don\u2019t have one already. To track bitcoins, you will need to have both a CoinTracking account and add the add-on on Wealthica.<\/p>\n<div style=\"margin: 10px 0px 0px 0px; text-align: center; background-color: #ffffff; border: 1px solid #99d6d9; border-radius: 5px; padding: 20px 10px 10px 10px;\"><img decoding=\"async\" class=\"alignnone size-medium wp-image-70506\" src=\"https:\/\/stockchase.com\/discover\/wp-content\/uploads\/2019\/05\/Screen-Shot-2019-04-11-at-2.14.23-PM-760x446.png\" alt=\"Screen Shot 2019 04 11 at 2.14.23 PM\" width=\"850\" \/><\/div>\n<p>You can create an account with <a href=\"https:\/\/stockchase.com\/discover\/go\/cointracking\/\" rel=\"nofollow\">CoinTracking<\/a> <a href=\"https:\/\/stockchase.com\/discover\/go\/cointracking\/\" rel=\"nofollow\">here<\/a> and generate an API key to connect to Wealthica.<\/p>\n<h2 id=\"conclusion\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Cryptocurrency is a developing field of currency investment that has experienced wild highs and severe crashes. Although there is quite a lot of volatility, Bitcoins have a lot of support around the world, and is lauded as the next stage of currency. Having the right tools is critical in making it easy to trade crypto. With a combination of <a href=\"https:\/\/stockchase.com\/discover\/go\/coinsquare\/\" rel=\"nofollow\">Coinsquare<\/a>, <a href=\"https:\/\/stockchase.com\/discover\/go\/binance\/\" rel=\"nofollow\">Binance<\/a> and <a href=\"https:\/\/stockchase.com\/discover\/go\/zignaly\/\" rel=\"nofollow\">Zignaly<\/a> to trade, along with <a href=\"https:\/\/stockchase.com\/discover\/go\/cointracking\/\" rel=\"nofollow\">CoinTracking<\/a> and <a href=\"https:\/\/wealthica.com\" target=\"_blank\" rel=\"noopener\">Wealthica<\/a> to track, we\u2019re sure you\u2019ll have a good experience trading cryptocurrencies.<\/p>\n<p>Make sure to do your research and due diligence in order to have the best experience possible.<\/p>\n<p>Happy investing!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cryptocurrency has been a heavily discussed topic over the last decade, with arguments from both sides of the aisle. Some love it, some don\u2019t believe in it. The most famous amongst the various digital currencies is the original Bitcoin. Read [&hellip;]<\/p>\n","protected":false},"author":10,"featured_media":22894,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"cwp_meta_box_check":"Yes","cwp_rev_product_name":"Bitcoins","cwp_rev_product_image":"","wppr_links":{"Binance":"https:\/\/stockchase.com\/discover\/go\/binance\/"},"cwp_rev_price":"0.00","wppr_options":[{"name":"User Interface","value":"90"},{"name":"Ease of Use","value":"90"},{"name":"Updates","value":"90"},{"name":"Commissions","value":"90"}],"wppr_pros":["","","","","","","","","",""],"wppr_cons":["","","","","","","","","",""],"footnotes":""},"categories":[9],"tags":[151,153,150,152,148,149,104,154],"class_list":["post-70492","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-top","tag-altcoin","tag-binance","tag-bitcoin","tag-coinsquare","tag-crypto","tag-cryptocurrency","tag-wealthica","tag-zignaly"],"wppr_data":{"cwp_meta_box_check":"Yes","cwp_rev_product_name":"Bitcoins","_wppr_review_template":"default","cwp_rev_product_image":"","cwp_image_link":"link","wppr_links":{"Binance":"https:\/\/stockchase.com\/discover\/go\/binance\/"},"cwp_rev_price":"0.00","wppr_pros":["","","","","","","","","",""],"wppr_cons":["","","","","","","","","",""],"wppr_rating":"90.00","wppr_options":{"1":{"name":"User Interface","value":"90"},"2":{"name":"Ease of Use","value":"90"},"3":{"name":"Updates","value":"90"},"4":{"name":"Commissions","value":"90"}},"wppr_review_type":null,"wppr_review_custom_fields":[]},"_links":{"self":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/70492","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/comments?post=70492"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/70492\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/media\/22894"}],"wp:attachment":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/media?parent=70492"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=70492"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=70492"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}