Top Bitcoin Exchange Options in Canada

Top Bitcoin Exchange Options in Canada

Bitcoin is a cryptocurrency that has rocked the world of finances in the last year. From a relatively unknown digital currency, Bitcoin has become extremely popular investment option even for people that have never invested in currencies before. This is especially true for Canada where people can legally buy and sell Bitcoins. Many of them have learned that this relatively volatile currency that has frequent ups and downs is a good choice for short-term gains. Of course, most experts agree that people can earn even more if they use Bitcoin as a long-term investment. In order to witness success in Bitcoin trading, Canadians should look for Bitcoin exchange options available to Canadian users. The good news is that there is more than one reliable option like this.


Although Coinbase is an online Bitcoin exchange that operates in the United States, it is available to Canadians too. This platform is known for the high liquidity. Coinbase allows users to use debit cards and credit cards to buy Bitcoins, but you should check their policies because these payment methods may get changed for Canadian users. Another thing that’s great about Coinbase is that this website has user-friendly design and even complete beginners can use it. The trading fee is fixed – 1%.


You can tell by the name of this online exchange that it’s focused on convenience and speed. They are promoting their website as the fastest website for buying and selling Bitcoin. Bitquick also allows trading with cash. But, this convenience and speed come at a price. The fees can reach up to 2%. Another downside is that this website was once attacked by hackers and it was unavailable for around 30 days. The owners have included better security this time.


Here’s a suggestion with very low fees that can’t pass 0.26%. Kraken also has excellent liquidity and allows margin trading which is good for experienced traders. Don’t forget that this website has withdrawal fees too.


The list ends with a Canadian online Bitcoin exchange known as QuadrigaCX. This exchange accepts fiat currencies and digital currencies. It is known for the excellent security features. Creating an account on QuadrigaCX is very simple and it usually takes just a couple of minutes to get this job done. The trading fees are around 0.5% and there is also a withdrawal fee of around 2% and 20 CAD.

How to Avoid Bitcoin Scams: The Ultimate Guide

How to Avoid Bitcoin Scams: The Ultimate Guide

There are lots of Bitcoin scams and frauds online! Follow the ultimate guide and learn how to protect yourself and avoid trouble!

 If you follow the Bitcoin news and trends, you probably know that Bitcoin price significantly increased over the past couple of years and reached billions and billions of dollars in market capitalization. This has attracted so many people as they finally understood the value of Bitcoin and its appeal. However, this brought out the good and the bad in human nature, meaning lots of Bitcoin scams and frauds were soon created online.

 There are a lot of scammers online and people who will try to lie to you to just to take your money. The bottom line is that these people also want to profit in a way from Bitcoin as they don’t have the money to buy Bitcoins on their own. Yes, they are using the easy way, and sometimes it includes unprepared victims who end up losing their investment or their bitcoins.

In this article, we will talk about how to avoid Bitcoin scams and frauds and protect yourself. We will show you how to spot the scams and ensure you don’t become the next victim.

  • Fake Bitcoin wallets – Yes, there are fake Bitcoin wallets and spotting them is not so simple as wallets are about storing Bitcoins and not about buying Bitcoins or selling them. This scam has less to do with your money or your investment than it does with the software you currently use. Usually, these types of scams infect your device in order to steal your personal information and your passwords.
  • Fake Bitcoin exchanges – You probably have seen links on social media saying something like Save big and buy Bitcoins for under 5% of the market value. Don’t click anything as this is a marketing trick to visit their website and user their fake Bitcoin exchange. When visiting a Bitcoin exchange website, the first thing you should do is check whether or not the website is HTTPS secured. If you notice HTTPS it means that the web traffic is secured and encrypted.
  • Phishing Scams – This is a very common scam online. Phishing is a method when someone tries to scam you into thinking they are reputable and trusted website or company by having you visit a website that is also fake. Usually, the phishers contact potential victims via fake advertisement or via email.

 If you are not sure whether a specific Bitcoin website is a scam or not, it is better to leave the site and find a website you are 100% safe.

How Bitcoin Mining Really Works: Everything You Need to Know

How Bitcoin Mining Really Works: Everything You Need to Know

What is Bitcoin mining? How Bitcoin mining really works? What is Bitcoin cloud mining? Read this article and discover everything you need to know!

What is Bitcoin Mining and How Bitcoin Mining Really Works?

Bitcoin mining is a decentralized process which has 2 very important functions – it creates new bitcoins in each block and confirms transactions in a secure way when enough power or effort is devoted to a specific block.

The process goes something like this, it first verifies the transaction and confirms it is valid, then it bundles the transactions in a block and select the header of the block and insert it as a hash into the new block. After that, it solves the proof of work problem, and finally, when a solution is found, a new block is added to the blockchain and spread through the network.

You probably wonder what is exactly proof or work? Well, it is a method to make sure the information (the new block) is made. The process costs processing power which can be translated to hardware, time, and energy, however, it is quite helpful as it allows you to check if the requirements are met.

What is Mining Difficulty?

In order to better understand the bitcoin mining process, you should also know what mining difficulty really is. It is a measure of how challenging and difficult is to find a hash below a specific target value during the method proof of work. Usually, the target value is recalculated every two weeks or every 2016 blocks.

It goes something like this – when more miners join the network, the block creation rate automatically increases and the average mining time decreases. Please keep in mind that the ideal average mining time is 10 minutes per block. After that, the mining difficulty grows and block creation rate goes down. The average mining time restarts or goes back to normal.

What is Bitcoin Cloud Mining?

Now that you know more about Bitcoin mining, it is time to learn about Bitcoin cloud mining as well. Cloud mining allows you to buy mining capacity of hardware. It allows users to earn Bitcoinswithout managing electricity, hardware, software, bandwidth, and etc. The Bitcoin mining process is done remotely. In other words, it allows you to concentrate on your Bitcoins and not deal with any of the usual hassles encountered when mining Bitcoins, for instance, heat, hosting issues, electricity, and other troubles.