Personal Finance

[Guide] How to buy bitcoins in Canada

  • Last Updated:
  • Mar 5th, 2014 8:50 pm
Tags:
None
Deal Addict
User avatar
Aug 30, 2011
1357 posts
262 upvotes
Thanks for the info.

Any chance you know where you can get those physical silver bitcoins with the hologram? Also, i may have missed it, but do you have the link to the up to date bitcoin/dollar price chart?

Something I've always wanted to look into. thinking of diverting some gold/silver to bitcoin.
[OP]
Jr. Member
User avatar
Mar 12, 2007
195 posts
63 upvotes
Toronto
popcorneater wrote:
Dec 8th, 2012 4:08 pm
Thanks for the info.
Any chance you know where you can get those physical silver bitcoins with the hologram? Also, i may have missed it, but do you have the link to the up to date bitcoin/dollar price chart?
Something I've always wanted to look into. thinking of diverting some gold/silver to bitcoin.
This is the only place that I know of that sells physical bitcoin coins. https://www.casascius.com/. Size comparison of the coins.

There are all kinds of bitcoin charts here. If you'll be buying from Virtex in Canadian dollars, you'll be most interested in this chart.
Deal Addict
Jul 7, 2004
4235 posts
346 upvotes
BornRuff wrote:
Dec 8th, 2012 12:16 am
It is an untraceable form of payment that people use to buy stuff like heroine and kiddie porn online.
Nothing is untraceable.
Deal Addict
User avatar
Jul 11, 2001
3408 posts
72 upvotes
********************. I am not planning on using these for kiddie pron, drugs, taking out a hit or any other nefarious purposes. I just want to upgrade to a VIP membership on a nzb site and this is the only form of payment they will take. I think its kind of stupid, but it is what it is.
Heat 51-0-0

External links in signatures are not allowed except for Heatware and Ebay ratings.
Member
Nov 10, 2003
481 posts
83 upvotes
Just use the two exchanges, its super simple

1. walk into bank
2. "I would like to deposit xx.xx dollars in this account"
3. Hand teller cash and piece of paper with bank account info on it

You now have bitcoins
Deal Expert
May 17, 2008
15134 posts
152 upvotes
actng wrote:
Dec 8th, 2012 3:55 pm
try again

money laundering by definition is taking dirty illegal money and making it legal

you cant use that analogy
Well, at its heart, money laundering is simply concealing the source of money by chanelling it through an intermediary. It is only a crime if you happen to be doing it for illegal purposes, but in reality, who would go through all that trouble for no reason?
Deal Guru
User avatar
Nov 2, 2003
14544 posts
671 upvotes
Scarborough
BornRuff wrote:
Dec 14th, 2012 4:43 pm
Well, at its heart, money laundering is simply concealing the source of money by chanelling it through an intermediary. It is only a crime if you happen to be doing it for illegal purposes, but in reality, who would go through all that trouble for no reason?
ok i see what you did there.

so then we should ban USD too right? cuz international drug rings deal in USD?
MOONBOX PRO:Group Buy | User Thread
H.TVBox 3 Group Buy | User Thread
TVPad4 | User Thread
Deal Addict
User avatar
Mar 10, 2003
4466 posts
260 upvotes
Toronto
Mike71 wrote:
Dec 14th, 2012 5:22 am
*********************. I am not planning on using these for kiddie pron, drugs, taking out a hit or any other nefarious purposes. I just want to upgrade to a VIP membership on a nzb site and this is the only form of payment they will take. I think its kind of stupid, but it is what it is.
Me too. I really only need $12 worth, but I'll pay a small premium.
Deal Addict
User avatar
Dec 13, 2002
2854 posts
428 upvotes
I'd never heard of bitcoins until about 2 weeks ago and as there's many here on RFD who likely haven't heard of them until seeing this thread, although it's actually OT from the topic title, I'd like to warn fellow RFDers that as Bitcoins are a 'currency' and as it's a currency that can be earned online, you should be aware that criminal-minded trojan developers are loving the new opportunities to make money (ie: Bitcoins) using YOUR computer, without your knowledge.

How I discovered 'Bitcoins':
Recently, I noticed that when I clicked Results hits in Google on my netbook, I was frequently being taken to pages that I had no idea how I got to. At first I thought I'd mis-clicked, then when it happened again later that evening, I knew something was up. As I run NOD32, SuperAntiSpyware, Malwarebytes Anti-malware, and Microsoft Security Essentials, and run anything that I download and deem to be dubious or potentially 'risky' through Sandboxie, I consider my systems to be better-protected than most, but know better than to think I'm immune.

It turns out my computer had a bitcoin miner rootkit infection. In other words, my system had somehow become compromised and was being used without my authorization or knowledge to generate click-referral clicks so that someone(or a group) could fraudulently 'earn' bitcoins. After over a week's worth of effort to detect the cause of my problem and every scan I ran coming up clean (including Kapersky Lab's TDSS anti-rootkit mentioned in the article below), I finally found a utility called "Dr.Web CureIt!" that detected a problem file - identifying a rootkit, specifically a bitcoin-related one.

I found a recent article that warns of the extent of the rootkit browser hijack problem. Here's part of the article:
"ZeroAccess Botnet Cashing in on Click Fraud and Bitcoin Mining | threatpost" [Source]
threatpost.com article on fraudulent bitcoin mining via botnets wrote:[snip]
.. Researchers at Kindsight Security Lab reported today that ZeroAccess accounts for 29 percent of home network infections in the third quarter, up significantly from previous measurements, said Kevin McNamee, security architect and Kindsight Security Labs director.

“At the middle of the year it changed from a TCP-based peer-to-peer botnet to one that uses UDP,” McNamee said. “Its mechanisms for ad click fraud also changed. The people running this botnet have been more aggressive about its distribution through affiliate channels. They’re making a lot of money I would guess.”

UDP is a more robust protocol than TCP, McNamee said. He added that would make a takedown much more difficult.

Kindsight counts more than two million ZeroAccess infections on any given day and added that 600,000 of those are in the United States. More than one million of those bots are involved in ad click fraud, clicking on close to 140 million ads per day, accounting for 260 terabytes of network traffic daily.

The actual attempted ad click fraud is around $900,000 per day,” McNamee said.

Kindsight said the botmasters own a number of sites that host pay-per-click ads and the ZeroAccess bots are programmed to click on ads hosted on these sites. The bots reach out to command and control servers for a list of ads; C&C controls which ads are clicked by which bots and when in order to beat fraud detection mechanisms.

“To enhance the realism and make the clicks look like they are from a real person, the bots are programmed to follow the ad-click through to the advertiser’s landing page through several layers of redirection, loading all the HTML, javascript and graphics components as would a regular browser,” Kindsight’s report said. The report adds that about 18 of every 140 clicks is paid out by an advertiser, which at five cents per click accounts for the $900,000 total.

The botmasters are running the Black Hole Exploit Kit on malicious sites, and using phishing or spam campaigns to lure victims. Once a user lands on a compromised site, Black Hole attempts to exploit a number of browser vectors, including Adobe Flash plug-ins or Java browser plug-ins. If successful, ZeroAccess drops for the most part either the TDSS or Alureon rootkits giving an attacker remote control of the compromised machine. The rootkits allow them to drop additional malware depending on the campaign; Zeus, DNS Changer, Flashback, Cutwail and many others are in the botmasters’ arsenal.


[snip]
.. Half of ZeroAccess bots are in the Bitcoin mining pool, Kindsight said. Sophos estimated that ZeroAccess could be earning as much as $2.7 million annually via Bitcoin mining.
I am still clueless how exactly my system got infected (I don't click spam links and haven't installed any new apps let alone 'illegal' ones for months on that system), but my system now seems to be 'clean' and free of the browser issue. Having said that, as I type this I'm suddenly reminded that since around the time I removed it, 'Windows Live Mail' has not worked - it almost always locks up my system when it starts, despite a 'Repair install' - so I haven't been able to use it and am still trying to troubleshoot the problem. Coincidence??

Anyhow, thank you OP for the post - I had not really looked into what how Bitcoins were legitimately purchased or used, so I definitely learned something due to your post/linked guide.
Deal Expert
Mar 25, 2005
20361 posts
1594 upvotes
RenegadeX wrote:
Dec 15th, 2012 5:42 am
I'd never heard of bitcoins until about 2 weeks ago and as there's many here on RFD who likely haven't heard of them until seeing this thread, although it's actually OT from the topic title, I'd like to warn fellow RFDers that as Bitcoins are a 'currency' and as it's a currency that can be earned online, you should be aware that criminal-minded trojan developers are loving the new opportunities to make money (ie: Bitcoins) using YOUR computer, without your knowledge.

How I discovered 'Bitcoins':
Recently, I noticed that when I clicked Results hits in Google on my netbook, I was frequently being taken to pages that I had no idea how I got to. At first I thought I'd mis-clicked, then when it happened again later that evening, I knew something was up. As I run NOD32, SuperAntiSpyware, Malwarebytes Anti-malware, and Microsoft Security Essentials, and run anything that I download and deem to be dubious or potentially 'risky' through Sandboxie, I consider my systems to be better-protected than most, but know better than to think I'm immune.

It turns out my computer had a bitcoin miner rootkit infection. In other words, my system had somehow become compromised and was being used without my authorization or knowledge to generate click-referral clicks so that someone(or a group) could fraudulently 'earn' bitcoins. After over a week's worth of effort to detect the cause of my problem and every scan I ran coming up clean (including Kapersky Lab's TDSS anti-rootkit mentioned in the article below), I finally found a utility called "Dr.Web CureIt!" that detected a problem file - identifying a rootkit, specifically a bitcoin-related one.

I found a recent article that warns of the extent of the rootkit browser hijack problem. Here's part of the article:
"ZeroAccess Botnet Cashing in on Click Fraud and Bitcoin Mining | threatpost" [Source]

I am still clueless how exactly my system got infected (I don't click spam links and haven't installed any new apps let alone 'illegal' ones for months on that system), but my system now seems to be 'clean' and free of the browser issue. Having said that, as I type this I'm suddenly reminded that since around the time I removed it, 'Windows Live Mail' has not worked - it almost always locks up my system when it starts, despite a 'Repair install' - so I haven't been able to use it and am still trying to troubleshoot the problem. Coincidence??

Anyhow, thank you OP for the post - I had not really looked into what how Bitcoins were legitimately purchased or used, so I definitely learned something due to your post/linked guide.
That is pretty clever, I never would have through bitcoin mining would occur illegally.
Deal Guru
User avatar
Nov 2, 2003
14544 posts
671 upvotes
Scarborough
there was massive articlr a while back about goe bitcoins were xonpromised abd scammers were crewting them out od thin air much easier thqn minibg
MOONBOX PRO:Group Buy | User Thread
H.TVBox 3 Group Buy | User Thread
TVPad4 | User Thread
Deal Expert
User avatar
Oct 26, 2003
25047 posts
1272 upvotes
Richmond Hill
BornRuff wrote:
Dec 8th, 2012 3:12 am
Converting your money into Bitcoin to pay for your VPN serves no real purpose, but there is good reason to take it seriously.

Bitcoin enables all sorts of clandestine business to take place, mostly within the Tor(http://en.wikipedia.org/wiki/Tor_(anonymity_network)). If you think about what kind of people would go to great lengths for the ability to buy things with anonymity, you realize that a huge portion of that group are into child porn, beastiality, snuf, and other pretty terrible thing.

The other main group seems to be people looking to buy things such as drugs, stolen credit card numbers, and paying people to do all sorts of cyber bad things.

There are also numerous businesses offering to do anything from steal to commit murder for you, for the right amount of bitcoins. Lets hope they are joking about the last part.
bitcoin is a digital currency, there are other digital currency as well, also cash is just as untraceable. i don't think most people will ever take it seriously though, it's kind like a vanity item, the market for bit coins is quite limited.
4930k/32gb/256gb ssd/8tb hdd/win10pro/msi 290
list of ongoing trades BST & free stuff giveaway
Sr. Member
Mar 3, 2010
588 posts
38 upvotes
I went to read this thread to learn more about Bitcoins. I knew so far that it is digital currency ideal for purchases with no regular currency boundaries and costs. It was invented to get away from grabbing hands of banks, credit cards and anybody and everybody involved in financial transactions.
I'll give you live example, maybe it is a bit off theme here. While is USA I purchased something from Best Buy. It didn't work and within 20 minutes I returned it and bought another part that worked. So in that simple transactions I lost about 6 dollars. My Visa bank charged 2.5% exchange fees when buying and later charged 2.5% again when returning it to the store (Best Buy charged and refunded correct amount both ways).

There is no such thing with Bitcoins. There is no exchange fees ever, no service fees, time limits any kind of crap in that respect. It suppose to be truly international money with many benefits. It is obvious that current establishment would like to burn any idea like that at stake! How otherwise they will rob us blind? Just wait and see for another 20 days until USA falls off "financial cliff"! US dollars already doesn't worth a paper it's printed on and after "cliff" thing kicks in, it will worth even less.

Anyway, this is probably theme for another thread. What actually surprised me is how posts turned violently into animosity against Bitcoin garnished with child pornography, crime, stealing, money laundering and what not! How did you people come up with that? With any currency in the world people buy guns, porn, tanks whatever. Nobody ever said to hate franks, or dollars or yens because of what people could POSSIBLY buy with given currency. I mean, it's plain stupid.
× < >

Top