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@totoroutes5389 11 сағат бұрын
If less than 9K cad$ per day is e-transferred from a canadian platform to a bank account would that amount still be subject to taxation the same as would a larger amount otc wire transfer be taxed? Would taxation and fees be lessened with either e-transfers or larger otc wire-transfers?
@cryptoforcanadians 9 сағат бұрын
Tax isn't dependent on how much you withdraw. Taxes are based on how much you've made. Check out www.cryptoforcanadians.ca/crypto-taxes for more information on how taxes on crypto works. Hope that helps!
@blessedokechukwu8482 2 күн бұрын
Thank you very much for this. But a quick question, would i be taxed if I only buy crypto and transfer to wallet without HODL?
@cryptoforcanadians 2 күн бұрын
You realize a taxable event when you sell/dispose of your coins. If all you do is buy, no taxable event. Also, check out www.cryptoforcanadians.ca/crypto-taxes for more information about taxes on crypto. Hope that helps!
@fakalakaloo 2 күн бұрын
If I try to transfer with the exact same method 100 usdt for testing purposes to my margin wallet, I get this message: "The currency is unavailable to do this action due to policy reasons." Do you have any clue why?
@cryptoforcanadians 2 күн бұрын
Is Binance available to you in your country?
@fakalakaloo 2 күн бұрын
@@cryptoforcanadians it should be, the basic trading is working just fine, I just can't transfer usdt from my spot to maring :/
@cryptoforcanadians 2 күн бұрын
Sorry but I'm not sure about that then.
@douggregory2497 2 күн бұрын
Great video the information you provide is top notch. I am looking for a Crypto Futures platform. Do you have any info on Crypto Futures platform for Canadians . Thanks for now.
@cryptoforcanadians 2 күн бұрын
Absolutely! Check out Bitget as they're the best exchange for Canadians with futures/leverage. Use this link to save 20% on your trading fees: partner.bitget.com/bg/l87j35641689827277614 Also, check out www.cryptoforcanadians.ca/trading-crypto to learn more about them if you're interested. Hope that helps!
@douggregory2497 2 күн бұрын
@@cryptoforcanadians In Alberta Bitget is unavailable in my country or region.
@cryptoforcanadians 2 күн бұрын
There are 3 options that I know of. All of which has their pros and cons. 1) Use a VPN and passport to bypass the KYC. Do this at your own risk obviously 2) Use a DEX like APX finance. If you check out www.cryptoforcanadians.ca/trading-crypto, I talk more about it. 3) Find a NO KYC, NO VPN exchange. In terms of how legit they are, that's something you'll need to do your research on.
@totoroutes5389 3 күн бұрын
Is it secure to reveal bank account info to newton and shakepay to withdraw fiat from those platforms? What are secure methods to cash out larger amounts, since newton only allows e-transfer withdrawals up to $50K per week ? Up to What amount of cad$ in those platforms are insured ? Example: If ever you were fortunate to try to cash out $1M worth of crypto what are the secure ways not limited by the $50k withdrawal per week e-transfer?
@cryptoforcanadians 3 күн бұрын
Check out Ndax as they have OTC which is for larger buys/sells. Hope that helps!
@Razear 4 күн бұрын
Learned my lesson after the Celsius fiasco... Fool me once, shame on you; fool me twice, shame on me!
@cryptoforcanadians 4 күн бұрын
Yea that’s fair. With Celsius, they were promising really high returns. Bitget’s offering unremarkable returns. The interest can be covered because the margin borrow interest rates are higher than what Bitget is paying out to those who put their funds to earn interest on.
@MrRezz20002000 4 күн бұрын
Great Idea 👍❤
@cryptoforcanadians 4 күн бұрын
Thanks! I appreciate the support as always Rezz!
@EyeFlowter 4 күн бұрын
Nice nice. Thank
@cryptoforcanadians 4 күн бұрын
Thanks!
@cryptoforcanadians 4 күн бұрын
Earn passive income on Bitget. Save 20% on your trading fees on Bitget: partner.bitget.com/bg/l87j35641689827277614
@kaneli7197 5 күн бұрын
Compared to Binance, the transaction fees on currently available trading platforms are very high
@cryptoforcanadians 5 күн бұрын
Have you checked out Bitget? They're the best Binance alternative for Canadians. If you're interested in using them, this link saves you 20% on your trade fees: partner.bitget.com/bg/l87j35641689827277614. Hope that helps!
@kaneli7197 4 күн бұрын
@@cryptoforcanadians sounds good. thanks! I will try it.
7 сағат бұрын
@@cryptoforcanadians trying to get me and or my son to figure this out. so Binance is what? A concept of crypto, or like Coinbase or? But ya, I have had an NDax web tab open for weeks after stumbling accross it in google reading and looking forward to figuring it out.
@ji-younkim6608 7 күн бұрын
Is it possible to purchase USDT straight from Bitget in BC and skip coinbase or no? And on Bitget, is it better to trade USDC for USDT or use their conversion feature?
@cryptoforcanadians 7 күн бұрын
You can buy directly from Bitget but it’s way more expensive to do so which is why this is the best method. I normally spot trade USDC for USDT. Also, if you haven’t already signed up with Bitget, this link will save you 20% on trade fees: partner.bitget.com/bg/l87j35641689827277614 Hope that helps!
@mustaphamustapha9760 7 күн бұрын
How about declare the activity? Nothing is required to declare? And another question I have, is I have binance accoubt balance but wheb read, if founf that is restricted in Canafa, how can I process to backup my funds from binance to one of these exchange you'd already mentioned.?
@cryptoforcanadians 7 күн бұрын
Not sure what you mean by declare the activity. You can withdraw your funds from Binance even if you're in Canada. You just can't trade on them or do anything else. Hope that helps!
@mustaphamustapha9760 7 күн бұрын
@@cryptoforcanadians i thought that even to withdraw from binance in canada is restricted and not eligible!!
@cryptoforcanadians 7 күн бұрын
@mustaphamustapha9760 nope, you can withdraw within Canada.
@xmonikerhotmailcom 8 күн бұрын
USDC will not fail, ever. Circle owns them.
@cryptoforcanadians 8 күн бұрын
I agree with you on that.
@berry9723 9 күн бұрын
Cheers great explanation
@cryptoforcanadians 9 күн бұрын
Thanks! I appreciate it!
@cryptoforcanadians 9 күн бұрын
Save 20% on your trade fees with Bitget: partner.bitget.com/bg/l87j35641689827277614
@samerj 9 күн бұрын
Staking was a f****ing disaster. Ndax lost my gains and my inital. Lost. Vanished. It took 50+ screenshots and their entire team to work on my case to refund me.
@cryptoforcanadians 9 күн бұрын
Dang, sorry to hear that. Not sure why that happened. At least you were able to get your funds back.
@Funnyxen 10 күн бұрын
Is there a way to see where all the shorts and longs are positioned?
@cryptoforcanadians 10 күн бұрын
www.binance.com/en/futures/funding-history/perpetual/trading-data
@viktorzhyrovskyi5010 11 күн бұрын
Hi, I currently have a problem with Ndax, 2 days ago I bought Solana, and the next day, I wanted to sell them, but I wasn't able to do anything. All my funds are only on PORTFOLIO VALUE . Besides this, I have no open orders, I got in touch with the support and explained to them this situation, and sent screenshots of transactions, however, they can't help me fix this, writing me only messages that I have to wait. Did you face with similar before? What do you think, what should I do?
@cryptoforcanadians 11 күн бұрын
Sorry to hear about your experience. No I've never had any issues with them before. I'm not sure why you're unable to sell your Solana. Is this a new account? First time buying?
@user-lu7hq7zd3s 11 күн бұрын
@@cryptoforcanadiansFinally, they fixed it, but curious to know why it happened, and how to avoid so in future.
@cryptoforcanadians 11 күн бұрын
Glad to hear they were able to fix it! Yeah that's odd as I've never experienced that before.
@joshuasmith2635 11 күн бұрын
Q: Is a paper trading competition?
@cryptoforcanadians 11 күн бұрын
No it's live.
@cryptoforcanadians 11 күн бұрын
Register and save 20% on your trade fees: partner.bitget.com/bg/l87j35641689827277614 Competition details: www.bitget.com/events/competition/31f7b9274fad5c7eb333823fbd9cacca
@sebastienpaul242 11 күн бұрын
Shakepay is possible too.
@cryptoforcanadians 11 күн бұрын
No point, Ndax is cheaper.
@MrRezz20002000 11 күн бұрын
❤👍
@cryptoforcanadians 11 күн бұрын
Thanks!
@cryptoforcanadians 11 күн бұрын
Get $10 after trading $100 worth of crypto on NDAX: refer.ndax.io/ase4
@OGwhale 11 күн бұрын
I like cdc but the charts are very choppy on the exchange and it will never hit your limit order but on tradingview it will blow way past your limit order. Its a little suspicious. Try it out for yourself if you don't believe me. Especially for their native token CRO. Coinbase always seems to offer more for their own CRO token which is very suspicious in itself. Never has a problem filling my buy orders but always problems with my sell orders on high volume too.
@OGwhale 11 күн бұрын
Another thing is Canadians are forced to sell at market order for a huge fee on the app for CAD fiat which I believe is not ok because that one fee could put a huge dent in your trading profits potentially putting you back to basically brake even. The only thing I like about cdc is the security and UI.
@OGwhale 11 күн бұрын
They dick their users way too much on cdc is the problem and you got to have a keen eye for detail to be able to spot and catch it. The problem is that they think everyone are stupid and that is simply just not the case.
@cryptoforcanadians 11 күн бұрын
I believe you alright. I agree with everything that you've said that I didn't really cover. That said, Bitget's a much better alternative to them in Canada which is why I always recommend them first. Not sure if you already have an account with them but if you don't, consider using them. If you're interested, here's a link where you can save 20% on your trade fees: partner.bitget.com/bg/l87j35641689827277614.
@bradyhughes2114 12 күн бұрын
Hi. I’ve been following you and all your videos are great help! Im new to the crypto space but have a portfolio on Newton. The question I have is, how do I buy meme coins like ($DADDY) ($Brett) etc. What exchange do you recommend i download to buy memecoins and how do i transfer money from my Newton account to a different exchange to purchase such coins. Thanks
@cryptoforcanadians 12 күн бұрын
Thanks I appreciate the positive feedback! For meme coins, check out Bitget as they have a plethora of them. I've actually made a video on how to buy from them: kzfaq.info/get/bejne/ld5gnrKd297LqJ8.html That said, use this link to save 20% on your trade fees: partner.bitget.com/bg/l87j35641689827277614 Hope that helps!
@honeysahni6529 13 күн бұрын
I want to buy usdt for cash in BC
@cryptoforcanadians 13 күн бұрын
Check out this video as it should help you out on how to buy and sell USDT in Canada: kzfaq.info/get/bejne/fdtyncSX0pe8n2g.html Hope that helps and let me know if you’ve got any questions.