Investing

How do you invest in BitCoin?

  • Last Updated:
  • Sep 20th, 2017 4:34 pm
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[OP]
Newbie
Jul 30, 2016
15 posts

How do you invest in BitCoin?

I'm with RBC Direct Investing. Is there a way to buy BitCoin through them?

If not, what is the best and safest way to buy BitCoin?

Thank you
28 replies
Member
Oct 29, 2014
284 posts
56 upvotes
905
Read more about bitcoin before you thing of buying it. Unless it is just casino money then go to Coinbase, sign up and start buying. Put it in a wallet (exodus) and ya.. Buy the dips, dollar cost average and dont look at it to much.
Jr. Member
Mar 4, 2008
198 posts
20 upvotes
BC
Follow through the Bitcoin and Ether thread.

Look at QuadrigaCX rather than coinbase.com
Newbie
Jan 15, 2017
82 posts
28 upvotes
JimboD wrote:
Aug 12th, 2017 5:53 pm
Follow through the Bitcoin and Ether thread.

Look at QuadrigaCX rather than coinbase.com
It used to be that QCX had such terrible price that coinbase was cheaper even with its fee. Is it better nowadays?
Jr. Member
Mar 4, 2008
198 posts
20 upvotes
BC
digger314 wrote:
Aug 13th, 2017 12:46 am
It used to be that QCX had such terrible price that coinbase was cheaper even with its fee. Is it better nowadays?
Great question. I guess it depends on how much you buy. Sign up for both websites and compare/contrast depending on how much you want to spend?
Sr. Member
Jun 29, 2010
974 posts
401 upvotes
Somewhere in Ontario
Purchase fee is 1.5% vs 3.99% on coinbase.
Member
User avatar
Dec 21, 2007
346 posts
59 upvotes
Scarborough
DPyro wrote:
Aug 13th, 2017 11:10 am
Purchase fee is 1.5% vs 3.99% on coinbase.
1.5% if you can use Interac Online, but most banks/users can't. EFT is 5% last I checked.

So far I've just been using Coinbase...fees are kind of high, but given the volatility of crypto, 4% isn't that much on a few hundred here and there. Also they let you buy on credit, so you might get between 1-4% back depending on your card.
I am the Stig's brother's cousin's friend's former roommate.
Newbie
Mar 19, 2017
13 posts
6 upvotes
Conundrum1911 wrote:
Aug 13th, 2017 12:19 pm
1.5% if you can use Interac Online, but most banks/users can't. EFT is 5% last I checked.

So far I've just been using Coinbase...fees are kind of high, but given the volatility of crypto, 4% isn't that much on a few hundred here and there. Also they let you buy on credit, so you might get between 1-4% back depending on your card.
Any idea why QCX took away e-mail money transfer? It was so simple with Tangerine!

Wire transfers to QCX are also really confusing, the beneficiary is in HK, but the bank is in... Poland? The bank teller couldn't complete the wire for me because of how convoluted it was. So we ended up wiring to Kraken instead, which accepts CAD deposits, and the wire is to a single bank in Japan. If you want it quick and don't mind paying a premium for it, look into localbitcoins.com
Deal Addict
Mar 10, 2005
4348 posts
429 upvotes
Interac online (BMO, RBC, Scotia and TD) works with Quadriga and the fee is 1.5%. Keep in mind each exchange also charges a spread.
I don't do downvotes but feel free to downvote me.👎

"Talent gets you in the door. Character keeps you in the room."
Deal Addict
Mar 10, 2005
4348 posts
429 upvotes
alexwaltz wrote:
Aug 12th, 2017 4:37 pm
I'm with RBC Direct Investing. Is there a way to buy BitCoin through them?

If not, what is the best and safest way to buy BitCoin?

Thank you
You need to sign up with an Exchange. See QuadrigaCX and Coinbase Do your research before investing any money and don't invest money that you cannot afford to lose
I don't do downvotes but feel free to downvote me.👎

"Talent gets you in the door. Character keeps you in the room."
Deal Addict
User avatar
Feb 6, 2012
4641 posts
323 upvotes
Gloucester, Canada
I personally find Coinbase the easiest. The painful part about Coin base is the weekly limit. You can also buy Bitcoin from ATM. Sometime you can find one that is under 4%. Need a bit of searching.
Deal Addict
Nov 9, 2013
1852 posts
640 upvotes
Edmonton, AB
blexann wrote:
Aug 13th, 2017 8:48 pm
You need to sign up with an Exchange. See QuadrigaCX and Coinbase Do your research before investing any money and don't invest money that you cannot afford to lose
I invest money in equities that I can't afford to lose - it is my retirement nest egg after all.

Perhaps a better phrase would be "Do your research before speculating with any money and don't speculate with money that you cannot afford to lose".
Deal Addict
Mar 10, 2005
4348 posts
429 upvotes
treva84 wrote:
Aug 13th, 2017 10:10 pm
I invest money in equities that I can't afford to lose - it is my retirement nest egg after all.

Perhaps a better phrase would be "Do your research before speculating with any money and don't speculate with money that you cannot afford to lose".
ok but we aren't talking about equities
I don't do downvotes but feel free to downvote me.👎

"Talent gets you in the door. Character keeps you in the room."
Member
User avatar
Dec 21, 2007
346 posts
59 upvotes
Scarborough
I wouldn't put anything into crypto that you're not willing to walk away from...the market is so volatile that yes you can make big gains, but you could just as easily lose most to all of it. Stocks, bonds, ETFs, mutual funds, etc are all safer forms of investing that won't net as much, but should be there for you when you need it (unless the economy has collapsed world wide...but in that case bottlecaps will be worth more than dollars anyhow).
I am the Stig's brother's cousin's friend's former roommate.

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