Best exchange for crypto?
Currently with coinsquare which is good but seems limited with number of alt coins. Kraken seems unable to verify and therefore can't use. What exchanges are other people using?
Dec 17th, 2017 10:33 am
Dec 17th, 2017 11:15 am
Dec 17th, 2017 11:25 am
Dec 17th, 2017 2:43 pm
Coinsquare is rumoured to be adding Monero, Dash and Ripple in the near future, which is great news, still their fees are higher than the competition. As you found with Kraken, they're not verifying right now, even if they were I would avoid them because of their constant server issues.
Dec 17th, 2017 3:40 pm
Dec 17th, 2017 5:34 pm
Dec 17th, 2017 5:59 pm
Dec 17th, 2017 8:13 pm
That's pretty standard and it's not going away anytime soon. To open a chequings, savings or self-directed investment account you need to complete FINTRAC guidelines including 2 pieces of ID, one must be government issued, 2 years residential history, employment history, etc. Most FIs require a credit check as well. So for a Crypto exchange to ask for 1 piece of ID, a statement or bill and some photos really isn't that bad of an ask. If anything it's only going to get worse to make it easier for the CRA and IRS to track transactions for tax, AML and corruption & bribery (I forget the body who monitors the AML and ABC stuff, but usually gets fwd'd to the RCMP at the end of the day).
Dec 17th, 2017 8:21 pm
Dec 17th, 2017 9:02 pm
I think you don't understand what Bitcoin is all about.hameljon wrote: ↑ That's pretty standard and it's not going away anytime soon. To open a chequings, savings or self-directed investment account you need to complete FINTRAC guidelines including 2 pieces of ID, one must be government issued, 2 years residential history, employment history, etc. Most FIs require a credit check as well. So for a Crypto exchange to ask for 1 piece of ID, a statement or bill and some photos really isn't that bad of an ask. If anything it's only going to get worse to make it easier for the CRA and IRS to track transactions for tax, AML and corruption & bribery (I forget the body who monitors the AML and ABC stuff, but usually gets fwd'd to the RCMP at the end of the day).
Dec 17th, 2017 9:36 pm
No for sure, I get the general goal with many platforms and/or coins is decentralization and with some, complete anonymous transactions, I just don't have faith in the government allowing it once a coin/platform reaches a certain monetary amount. It's just hard for big brother to get away from threats to their system and forget about tax income. Definitely a lot of opportunity for better exchanges.
Dec 18th, 2017 10:03 am
Dec 18th, 2017 10:31 am
Dec 18th, 2017 3:25 pm
Yes, because you are so knowledgeable, intelligent and well informed.
Jan 10th, 2018 2:08 pm
Jan 10th, 2018 2:11 pm
Jan 10th, 2018 2:17 pm
Pm'd you about it.
Yeah. The mods locked mine already.