CHEAPEST Way To Buy Bitcoin in Canada: I ONLY Trade BTC This Way

There are two ways to buy Bitcoin in Canada in the cheapest possible way (and you can use Interac e-transfer for it): use either Bull Bitcoin or Bitcoin Well and I use both of them.

These are the only two exchanges in Canada that focus solely on Bitcoin trading, helping you cut costs. I've moved all my Bitcoin trading to these platforms because it just makes financial sense. I've shared my thought in my latest video or feel free to keep reading this thread.

I've been trading crypto in Canada since 2016. I started with Coinbase, which is great for multiple coins and fully regulated in Canada. Feel free to use my referral link in the description for Coinbase if you trade crypto coins besides Bitcon. But today, I want to highlight two non-custodial Canadian exchanges that specialize in Bitcoin. I find it the best way to buy bitcoin in Canada.

First up, Bull Bitcoin. I’ve posted a full review before, but here’s why I love them. When you buy Bitcoin, it’s sent directly to your personal wallet. This means you have full control over your Bitcoin at all times, and the exchange never has access to your private keys or funds. In simple terms, you are in full control of your money compared to traditional exchanges.

If you don’t have a personal wallet, I highly recommend getting one. I’ve shared my thoughts on the best crypto wallets for Canadians in a Reddit thread—check out the link in the description. Bull Bitcoin operates on a Bitcoin-only model, focusing on simplicity and efficiency. This specialization reduces overhead costs associated with supporting multiple cryptocurrencies, keeping fees low.

They charge a flat fee of around 0.5% per transaction. No hidden costs! Unlike many exchanges that make money off the spread between buying and selling prices, Bull Bitcoin charges a flat fee and offers market prices with minimal spread, ensuring more value for your money. Their dedication to Bitcoin allows them to streamline operations and reduce costs associated with maintaining a wide range of cryptocurrencies.

One of my favorite features of Bull Bitcoin is the ability to pay Canadian bills with Bitcoin. It’s an amazing service that I use all the time. You can also buy gift cards for popular Canadian retailers and stores with Bitcoin. When I do anything with Bitcoin, Bull Bitcoin is my go-to platform. If you decide to use them, here's my referral link with $20 bonus.

If you’re serious about Bitcoin, move your assets to a private wallet and use Bull Bitcoin for all your needs.

Next is Bitcoin Well which is also the cheapest way to buy and sell bitcoin in Canada. Similar to Bull Bitcoin, it’s non-custodial and Bitcoin-focused. They offer a different interface but provide the same essential services. I prefer Bull Bitcoin because they were first to offer bill payments with Bitcoin, but Bitcoin Well is a great choice too.

So what's the difference between these two? Bull Bitcoin allows to deposit via Canada Post to save anonymity and I know many use this but I still do via transfer + more Canadian retailers to buy gift cards with BTC.

I'd say Bitcoin Well is more transparent since it's a public company if it matters to you. I also use use their bitcoin savings plan.

At the end of the day, I use both of them to buy Bitcoin in Canada and I recommend both, so give them a try and see which one is best for your needs or you can use both at the same time like I do. You can read more detailed comparison in my article: https://ocryptocanada.com/comparison/bull-bitcoin-vs-bitcoin-well/

I hope this thread helps you save money on Bitcoin trading. If you found it useful, please upvote and share in comment which bitcoin service you prefer.

Bitcoin Mining Firm Holding Celsius Assets Postpones IPO Following Loss of CEO and Auditor

Bitcoin Mining Firm Holding Celsius Assets Postpones IPO Following Loss of CEO and Auditor

Challenges ‍and ‌Changes in Ionic Digital’s Journey to Going ⁣Public

Ionic Digital,‌ a notable player in‍ the bitcoin mining sector, has ⁤encountered significant hurdles on its⁤ path‌ to becoming a⁤ publicly listed company. ‍These challenges emerged following the acquisition of ⁢mining assets from a bankrupt crypto lender and have⁤ been exacerbated⁢ by recent shifts at the executive level and ⁤within‌ their auditing relationships.

Strategic Reorganization‍ Amidst Executive TurnoverPreviously under the leadership of Matt Prusak, who ⁢announced his departure effective August 14, Ionic Digital finds itself in a period⁤ of⁢ transition. In response to this ⁢unexpected change, John ​Penver was appointed as interim⁢ CEO shortly after taking his‍ post as ⁤CFO.⁢ Despite these upheavals, Ionic remains ​committed​ to advancing ​towards an initial public offering (IPO). The firm expresses confidence that under Penver’s interim leadership, their goal ⁢is still within ‌reach though no specific​ timeframe has been provided.

Facing Industry Headwinds with DeterminationThe competitive ⁤environment for bitcoin miners like Ionic Digital has intensified following recent ​industry developments such as Bitcoin halving events⁣ that reduce the reward for ‍mining⁣ efforts.⁣ Furthermore, investor​ focus has shifted somewhat‌ towards spot bitcoin​ exchange-traded funds (ETFs), which offer direct exposure ⁣without the complexities involved in ‌actual mining operations. ⁢This has made‌ capital ⁣more scarce ⁣for companies looking to enter ‌public⁤ markets.

Additionally, other financial services‍ entities related ⁤to Bitcoin have also⁢ faced setbacks; for example., Swan Bitcoin recently withdrew ‌its plans⁢ for an IPO amid broader ‌operational scale-backs due​ to declining⁤ revenue streams.

Audit​ Complications Add UncertaintyThe​ withdrawal of RSM US from serving ⁢crypto-related firms including Ionic Digital meant​ losing their auditor ‌unexpectedly did not stem from any disagreement over ‌financial practices ⁤but was ​rather born out of RSM’s strategic realignment away from ‍crypto enterprises. Consequently, this separation ⁣directly impacted ⁢Ionic’s progress with necessary securities filings—further delaying their⁤ IPO ambitions without providing clarity on when ‌they might resolve these issues.

Opportunities Ahead Despite SetbacksLooking ahead despite obstacles may define future‍ prospects for Ionics’ ambitions. The⁤ evolving landscape demands adaptability and ⁤resilience from firms like Ionic Digital if they are ‌looking persevere towards public listing aspirations amidst rapidly changing regulatory⁣ and market conditions.

https://iota-news.com/bitcoin-mining-firm-holding-celsius-assets-postpones-ipo-following-loss-of-ceo-and-auditor/

AUD/USD, ASX 200 catch a tailwind from Wall Street optimism. Aug 9, 2024

AUD/USD received a tailwind thanks to a pickup of risk appetite, as cooler jobless claims figures pointed expectations back towards a soft landing for the Fed. However, the risk-on 'rally' pales in comparison to the selloff which preceded it.

By :  Matt Simpson,  Market Analyst

Appetite for risk began to pick up pace on Thursday as cooler jobless claims figures pointed expectations back towards a soft landing for the Fed. Initial claims came in at 233k compared with 241k, and underscores the importance of incoming US economic data ahead of inflation, retail sales and consumer sentiment reports next week.

Wall Street indices closed at a 4-day high and US bond yields were higher across the curve, with the 2-year closing above 4% for the first day in five while the 10-year saw an intraday break above it. Commodities also caught a tailwind in the slight risk-on session, although it should be remembered that gains seen on Thursday still pale in comparison to the losses that preceded them.

Gold formed a bullish engulfing day in line with my near-term bullish bias, with silver and copper prices also perking up as we suspected earlier this week. Bitcoin futures closed above its 200-day MA and EMA, AUD/USD was the strongest FX major whilst safe-havens CHF and JPY were the weakest.

RBA governor Bullock reiterated the central banks hawkish stance, saying they would “not hesitate to hike if needed”. While it provided a small tailwind for AUD/USD, it failed to take out Wednesday’s high by the end of the Asian session.

 

https://preview.redd.it/d6ysrdrkgihd1.png?width=1587&format=png&auto=webp&s=1a76390afb34ceb991916b7d129b94f9e58d7b8a

Events in focus (AEDT):

• 11:30 – AU business confidence (NAB)
• 11:30 – China CPI, PPI (NBS)
• 16:00 – DE CPI
• 22:30 – CA employment report

 

 

ASX 200 at a glance

• The ASX 200 cash index remained in a relatively tight range for a third day, and is on track for its worst week since August
• It is also on track for a bearish engulfing month, just 8 calendar days into August
• But with the ASX holding above recent lows and without a fresh trigger to sell, it seems a bounce could be due – even if only small.

https://preview.redd.it/xyjsuhnngihd1.png?width=780&format=png&auto=webp&s=0a6d9af72fb8dcbd5e3a79bab25acef13fffcec5

Click the website link below to get our exclusive Guide to index trading in H2 2024.

https://www.forex.com/en-us/market-outlooks-2024/h2-indices-outlook/

https://preview.redd.it/zsx7s8qrgihd1.png?width=3000&format=png&auto=webp&s=9394ac6f946c0c314fae541899ce55ccb662a6ae

ASX 200 futures (SPI 200) technical analysis:

The daily RSI (2) reached oversold by Monday’s close, which found support just above the 200-day MA. The subsequent bullish pinbar and two doji’s saw false intraday breaks of the key average, before appetite for risk finally produced a decent bullish candle during Thursday’s overnight session. The 38.2% Fibonacci retracement acted as resistance, but I suspect it has further upside potential today.

 

Bulls could seek dips on lower timeframes and initially target the 7767 – 7794 range, neat a high-volume node (HVN) and 50% retracement level. A break above which brings the 7860 – 7895 region into focus around a 61.8% level and another HVN.

https://preview.redd.it/q1o0bdkugihd1.png?width=1584&format=png&auto=webp&s=d6612217c1da7620083cafd055f9a18945d4c720

Click the website link below to get our exclusive Guide to AUD/USD trading in H2 2024.

https://www.forex.com/en-us/market-outlooks-2024/h2-aud-usd-outlook/

https://preview.redd.it/bzq0p98xgihd1.png?width=3000&format=png&auto=webp&s=45c4036ff662b90aa29c047ca04b08705073cc09

AUD/USD technical analysis:

Risk-on appetite and hawkish RBA comments saw AUD/USD rise in line with my bias yesterday. A daily close above the June low and 50% retracement level is constructive for the bull camp, and upside potential remains today should Asia run with Wall Street’s lead. But I’m not expecting a big follow through. Besides, AUD/USD is now right within the potential sell zone I with the 200-day MA, EMA and 66c handle nearby.

Something to look out for is a false break 66c resistance, as a daily close back beneath it could warn of a swing high next week. For now, momentum points higher on the 1-hour timeframe and a move above 66c seems more likely than note. The question is whether we’ll see enough of a ‘risk-o’ follow through today to justify a sustained rally above the 0.6620 resistance zone. Also note that the daily RSI (2) is in the overbought zone.

https://preview.redd.it/3nuaa6szgihd1.png?width=1584&format=png&auto=webp&s=25cfbf2588a2fcd495a2bc9418465dadda59e1b1

View the full economic calendar

 

-- Written by Matt Simpson

Follow Matt on Twitter @cLeverEdge

https://www.forex.com/en-us/news-and-analysis/aud-usd-asx-200-catch-a-tailwind-from-wall-street-optimism-asian-open-2024-08-09/

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GME Utilization via Ortex - 29.98%

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