Let’s face it; there’s no time like the present to buy Bitcoins. This isn’t because Bitcoin is seeing exponential growth, even though it has done, but it’s because the Bitcoin value has plummeted. Before current Bitcoin investors panic though, just remember that this happens. It has always happened and will continue to happen. Investors know the risks, and the volatility of cryptocurrency is one of those things you have to accept when you decide to invest hard-earned money into it.
Ultimately, you have to decide whether you’re willing to go with the ups and downs, or whether your best choice is an investment in real estate or a savings account instead. It seems that even though November has brought a drop in the Bitcoin value of around $3,000, you can still benefit from investing in it. In fact, the current BTC to CDN value of 1 BTC to 1 CDN is still $9315.38. There’s much to be gained by choosing to invest.
For newcomers to the cryptocurrency game, it’s a lot to take in. You might be confused by the fact that even though there has been a plummet in Bitcoin’s value, investors don’t appear to be fazed. That’s because they’re not worried, and you shouldn’t be either.
When Bitcoins first hit the market in 2009, they were worth a mere 0.30 cents. Some people chose to throw a few dollars into the scheme to “see what happens” and the payoff was huge. College graduates with substantial levels of debts suddenly remembered that few dollars and realized they were now millionaires. It has happened before, and it can happen again.
So, when you’re ready to roll with the punches, experience loss and then gain, and then loss again, find a Bitcoin exchange in Canada. You’ve got to be in to win, and we can help you find an easy-to-use platform to get you started. See the many options below.
Sometimes when you’re investing in something new, you want to make sure you’re dealing with a platform that’s close to home. We recommend CoinSquare because it’s based in Canada and is used by thousands of Canadians every day. Because of its low fees, easy-to-use components, and flexibility with buying, selling and trading, it’s Canada’s leading platform.
You can not only buy, sell and trade Bitcoin on this platform, but you can look at other options such as Ethereum as well. Or, if you’re not quite ready to invest in something you can’t touch or see, you could invest in the more traditional gold or silver instead.
CoinSquare also isn’t deterred by how much you’re looking to invest. If you’re nervous and simply want to put a couple of hundred dollars into it to see what it does, you have every opportunity to do so. However, if you’re looking to invest thousands of dollars to potentially earn big money over a number of years, you can safely do so on CoinSquare as well. Unlike other platforms around the world, CoinSquare is for the big guy as well as the little guy. Don’t be afraid to give it a go.
If you’re new to Bitcoin investment, you might feel there’s a possibility you won’t be getting the best deal. It’s all well and good to find a platform that’s easy to use, but what if its fees are high and the price you’re paying isn’t giving you the best value? That’s where Bittybot comes in. Whether you’re buying, selling or trading, Bittybot hunts down the best prices on the best exchanges and offers it to you in one easy-to-understand list. It shows you the various marketplaces Bitcoin is being sold on, who is selling it, how you can pay for it, the minimum amount you can buy, and the maximum amount you can buy, as well.
Bittybot is regularly updated and gives you a real-time view of bargain Bitcoin deals. With the current BTC to CAD rate fluctuating daily, there’s no harm in watching this platform for a few days to get a gauge of the average price to pay before you jump in and spend your money.
Quebex works similarly to Bittybot, but it gives you the added confidence that you can get help if you need it. As it’s based in Canada, you can contact them directly by phone to ask for advice or talk about any issues you’re having. All Bitcoins for sale on Quebex are in Canadian Dollars, and this makes it easier for you to get to grips with what you’re really paying. When the majority of leading platforms operate in US Dollars, it can all get a little confusing.
The best part about Quebex is that it lists Bitcoin for sale in order of price. This means you can opt to pay the least for 1 Bitcoin, or the most – depending on the limits that suit you the best. If you don’t think Bitcoin is the way forward for you, you can opt for Litecoin or Ethereum instead. The options are endless on Quebex.
There are always going to be people who say digital currency won’t work, and it won’t take off. Those same people said computers would never work, and who also said planes could never hold more than 10 people. The truth is, you’re never going to know if something will work, but isn’t it worth taking the risk, in case it does?