Investing

Bitcoin and Ether

  • Last Updated:
  • Oct 22nd, 2018 6:01 pm
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Deal Expert
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May 8, 2009
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Toronto
Anyone here use Quad's interac e-transfer deposit before? It says within two business days processing time, does it come much sooner or is that accurate? Everything else seems straight forward, you set the amount you want to deposit and they send an interac e-transfer email to you requesting the funds..
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Jun 21, 2008
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Toronto
Jimboski wrote:
Jul 23rd, 2018 2:41 pm
Anyone here use Quad's interac e-transfer deposit before? It says within two business days processing time, does it come much sooner or is that accurate? Everything else seems straight forward, you set the amount you want to deposit and they send an interac e-transfer email to you requesting the funds..
Try Shakepay that seems to be the preferred method now for Canadians
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Dec 14, 2010
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Jimboski wrote:
Jul 23rd, 2018 3:36 pm
Yeah i used them before but i don't like how it's just a mobile app. Not sure if that's a good or bad thing in terms of security, lol.
Shakepay has a working / responding support, Quad doesn't. Shakepay has PIN and email confirmation settings, so not much different than Binance app to trade, buy and withdraw crypto. Email money transfer with Shakepay takes hours, not days.

Nobody ever lost money with Quad, it's true. The biggest issue that I have with Quad is that there are delays beyond their control, and the lack of support / communication would leave anyone nervous about pending deposits / withdraws. They are not a cheap brokerage, so I see little value from the price that they charge.


Rod
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Jun 21, 2008
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Jimboski wrote:
Jul 23rd, 2018 7:30 pm
Well that was quick, my interac e-transfer deposit cleared on the same business day.
At Quad?
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Dec 7, 2009
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Quad is figuring out that Shakepay is eating their lunch.
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Deal Guru
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Mar 14, 2009
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Is it true that Bitcoin and Ethereum are both considered currencies now, and you don't have to worry about paying capital gains tax if you buy some and then it goes up?
I am a Public Mobile customer.
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Dec 14, 2010
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SickBeast wrote:
Jul 23rd, 2018 11:53 pm
Is it true that Bitcoin and Ethereum are both considered currencies now, and you don't have to worry about paying capital gains tax if you buy some and then it goes up?
No, CRA taxes cryptocurrrncies as capital gains, but if you trade often, it's taxed as income.

BTW, currency trading (forex) is also taxable.
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Jun 21, 2008
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rodbarc wrote:
Jul 24th, 2018 6:45 am
No, CRA taxes cryptocurrrncies as capital gains, but if you trade often, it's taxed as income.

BTW, currency trading (forex) is also taxable.
Is it too late to pay your captial gains tax?
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Dec 14, 2010
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Ticco wrote:
Jul 24th, 2018 8:04 am
Is it too late to pay your captial gains tax?
It's never late. The earlier you show CRA that you made an honest mistake (didn't know you had to pay, for example), the more they are willing to not penalize you with fees and interest. File a tax amendment.

There are a few software that helps tracking all the trades, as you just import a xls downloaded from exchanges or setup a read-only API so the software captures for you. All you need is to enter that info at the tax software.


Rod
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Apr 5, 2016
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Calgary/Vancouver
I'm going to cash in some bitcoin. What would be the best exchange to cash it out. CAD or US is fine. Is it still Quad or other exchanges?
Current Fido customer.
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Jan 31, 2007
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Aurora
I need $30 of ETH to cover various fees. What's the fastest way to get some?

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