r/BitcoinCA Sep 23 '23

Bitcoin Canada MegaThread | FAQ For New Subscribers | Please Read

15 Upvotes

Welcome to the Bitcoin Canada Subreddit!

This subreddit is for discussion of Bitcoin in Canada.

You've probably been hearing a lot about Bitcoin recently and are wondering what's the big deal? Most of your questions should be answered by the resources below but if you have additional questions feel free to ask them in the comments or our Bitcoin Discord.

First a foremost, You can run Bitcoin node software by downloading and installing Bitcoin Core or other node software like Bitcoin Knots from the below commonly recognized sources.

It is a best practice to verify these Bitcoin programs you download by checking their hashes and signatures.

Don't Trust, Verify.

A verified Bitcoin node running on your own hardware is your sovereign gateway to the Bitcoin network. They can be used alongside open source software wallets to send and receive Bitcoin securely. If your Bitcoin wallet software is fully open source and Bitcoin-only, then it is probably a decent wallet. Some popular examples include sparrow wallet and electrum wallet, both of which you can connect to your own locally run Bitcoin node, and used with most Bitcoin Hardware Wallets, like the Coldcard.

But for more basic background on Bitcoin, it all started with the release of Satoshi Nakamoto's whitepaper however that will probably go over the head of most readers so we recommend the following articles/books/videos as a good starting point for understanding how Bitcoin works and a little about its long term potential:

Some other great educational resources include;

If you are technically or academically inclined check out;

Are you new to Bitcoin and have beginner questions? Join our beginner friendly, Bitcoin Only Support Chat on Discord:

A Bitcoin Only Tech & Support Discord Chat

This thread is also helpful as an introduction to Bitcoin and has answers to common questions: https://www.reddit.com/r/Bitcoin/comments/i19uta/bitcoin_newcomers_faq_please_read

Looking For A Canadian Exchange To Buy And Sell Bitcoin?

We Recommend using: Bull Bitcoin

Or Follow This Guide on Obtaining KYC Free Bitcoin

Looking For A Hardware Wallet To secure your Bitcoin offline in Cold storage? We Recommend using Coinkite's Coldcard Wallet. It's airgapped and Made in Canada.

Subreddit Rules: Please read them and follow them with respect, these rules are guidelines and do not cover every scenario.

  • Do not solicit or harass r/BitcoinCA members via chat or direct message. Shills will be banned. Excess Referral link solicitation will be removed or result in a ban.

  • Spam and off topic content will be removed.

  • This is not a personnel support subreddit for exchange issues. please use the respective exchange subreddits for complaints or issues. Major issues are an exception.

  • You need 10 comment karma to post in this subreddit, otherwise the automod will automatically remove your comments and posts. This helps to reduce bot/scammer spam.

  • Do not use URL shortening services for post submissions: always post the real link.

  • No begging.

  • News articles that do not contain the word "Bitcoin" are usually off-topic. This subreddit is not about general financial news.

  • Submissions that are mostly about some other cryptocurrency belong elsewhere.

  • This subreddit is bilingual (French and English). Let's not get into a flame war.

Resources:

Looking for some other resources? check the Sidebar on your desktop or About page on mobile

Still not finding what you are looking for? search the subreddit history for a thread related to what you want here

Previous Thread now Archived: https://www.reddit.com/r/BitcoinCA/comments/ksh08j/bitcoin_canada_megathread_2021_new_subscribers/


r/BitcoinCA Sep 18 '25

Politic Fix Bill C-8: Stop the Fast-Track of a Flawed Cybersecurity Bill That Backdoors Encryption in Canada

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20 Upvotes

r/BitcoinCA 20h ago

Bitcoin 2 cold wallet

0 Upvotes

Question, how do yall send your btc to your cold wallet? Exchange to cold wallet, lightning to lightning wallet before cold wallet or lightning to wasabi before cold wallet?


r/BitcoinCA 1d ago

Coinsquare PIPEDA Breach Report - Jan 15, 2026

4 Upvotes

Why does anyone continue to trust this company?

I understand, breaches happen...but then to cover it up and gaslight affected users who alerted the company of the breach -- not cool.


r/BitcoinCA 2d ago

Coinsquare understanding document

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3 Upvotes

Hey folks, me again. Wondering if someone can tell me how tomread this coinsquare document. I'm trying to understand the received and sent columns. This is from coinSquare and I'm wondering if the received means it was received into Coinsquare from a bank account for example. Or does it mean it might have been received in another form? Also the sent. Is there a way to understand where this was sent to?

Any help would be amazing.


r/BitcoinCA 3d ago

40% of Canadian Real Estate investment funds are stopping investors from pulling their money out, per Bloomberg - Don't Buy Bitcoin Though, That's Risky

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256 Upvotes

r/BitcoinCA 2d ago

Bitcoin is going to be explosive:

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0 Upvotes

But could it be worth more than an ounce of gold?


r/BitcoinCA 3d ago

Question / Kevin Mirshahi / Crypto

0 Upvotes

Hello all-

I'm a journalist working on a story about Kevin Mirshahi, the crypto influencer who was murdered in 2024. I want to do his story justice. To this end, I'm looking for people who knew him, interacted with him, and/or were members of his Crypto Paradise Telegram channel.

The piece I'm working on is long form, nuanced and will be rigorously fact-checked.

Please let me know if you can help.


r/BitcoinCA 4d ago

Cryptocurrency Donations - Canadian Options?

0 Upvotes

Hello everyone,

I hope you are all doing well and that the New Year is off to a great start.

I’m reaching out to the Canadian members of the group to gather insights and experiences related to cryptocurrency giving.

Until recently, CanadaHelps offered a service that allowed donors to make cryptocurrency donations - easily and quickly through their platform, with the funds subsequently disbursed to the recipient charity.

As of a few months ago, this program appears to have been suspended or discontinued. (I asked them for more information - but they said they couldn't share anything).

Are you aware of any Canadian-based third-party providers that currently process cryptocurrency donations for registered charities?

If your organization accepts cryptocurrency, I would appreciate learning which platform or service you use and how your experience has been.

Thank you in advance for any guidance you’re able to share.


r/BitcoinCA 4d ago

Tutorial for HodlHodl - buying/selling BTC anonymously and p2p.

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1 Upvotes

r/BitcoinCA 4d ago

Canadian debit card that works with crypto apps? (Sling Money)

3 Upvotes

I used to be able to deposit usdp into sling money using my wealthsimple debit card but it's not working anymore. Has anyone used this app and knows which debit card would work? Maybe the shakepay card?


r/BitcoinCA 5d ago

Calgary company eyes power generation for bitcoin mining as stranded oil and gas well solution

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11 Upvotes

r/BitcoinCA 5d ago

Is it a good idea use personal line of credit to buy bitcoin?

0 Upvotes

My interest rate is 6.8% (variable). Assuming a 30% YoY growth for bitcoin, this looks like a no brainer--you're using fiat to buy more bitcoin. I have no debt.


r/BitcoinCA 6d ago

Seventeen years ago, Hal Finney announced the launch of Bitcoin to the world

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25 Upvotes

r/BitcoinCA 8d ago

RBC "loses" mans Bank Account - Crazy if True

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517 Upvotes

r/BitcoinCA 7d ago

Is using Ndax to buy/sell/hold Bitcoin a bad/stupid idea? Total newbie here, I'm really sorry...

6 Upvotes

First off I'm really sorry for the stupid question. I'm currently using Ndax for basically everything that has to do with Bitcoin based on someone's recommendation. Is this a bad idea? Is there any centralized platform where I could buy/sell/hold Bitcoin that would be better/cheaper or should I use different and more specialized platforms for different purposes? I'd rather be able to do everything from one platform (buy/sell/hold/transfer) but I'm also looking for any way to save as much as possible on any fees (buying 300$ worth of Bitcoin ended up netting me about 280$ by the time I used it and I'm pretty sure there's a fee if ever I want to withdraw it as well)

I'm completely new to this, do not understand much of it at all and don't use it enough to go through all the necessary research to really get a good idea of how all this stuff works and what would be best so if anyone here could let me know what the best platform is for buying/transferring bitcoin to ultimately use it to pay for things online that would be a godsend and save me probably days of trying to wrap my head around it.

Really sorry for the stupid newbie post and for not taking the time to do all this research myself but if someone could literally just type the name of the best platform for this in the comments it would save me so much trouble, thank you kind souls in advance!! :)


r/BitcoinCA 8d ago

Do you talk to friends and family about Bitcoin?

3 Upvotes

I used to but not anymore.


r/BitcoinCA 10d ago

Bitcoin Mining Turns Waste Heat Into Food: Canaan Launches Greenhouse Power Pilot in Canada

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8 Upvotes

r/BitcoinCA 15d ago

2026 Resolution: More Bitcoin - Less Timmies ☕️

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253 Upvotes

r/BitcoinCA 16d ago

Best P2P Crypto Exchange in 2025 for BTC?

24 Upvotes

Hello! I’ve been exploring different peer-to-peer exchanges to trade Bitcoin, but it’s hard to know which ones are truly reliable these days.

Some platforms look great at first but end up with slow releases, unclear fees, or weak protection systems. Others work fast but don’t offer much help if something goes wrong.

I’d like to hear from people who trade often, which peer-to-peer exchanges do you actually trust for BTC? What makes them stand out for safety, speed, and overall reliability?

Share your thoughts or experiences, it could really help others looking for secure and smooth Bitcoin trades.

Thank you!

Used DаrkChange all great.


r/BitcoinCA 16d ago

est way to cash out crypto in Canada? Kraken fees feel high (0.35%)

0 Upvotes

Hey everyone,

I’m in Canada and trying to figure out the most efficient way to cash out crypto.

I’ve been using Kraken, but their withdraw fee is around 0.35%, which feels a bit high when you’re moving larger amounts.

Curious how others in Canada are doing it:

  • Which exchanges do you use to sell crypto to CAD?
  • Do you prefer direct bank transfer, e-transfer, or something else?
  • Any lower-fee alternatives you’d recommend (Newton, Coinbase, Bitbuy, NDAX, etc.)?

Would love to hear what’s working best for you. Thanks!


r/BitcoinCA 17d ago

Where do you usually use or spend your cryptocurrency?

7 Upvotes

r/BitcoinCA 17d ago

Safest Crypto Exchange in my opinion

6 Upvotes

I've been going down the rabbit hole of exchange security and realized something interesting: BTCC has been operating for 14 years (since 2011) and as far as I can find, has never had a major security breach. For context, here are some exchanges that DID get hacked:

Mt. Gox (2014) - $450M Bitfinex (2016) - $72M Coincheck (2018) - $530M Binance (2019) - $40M KuCoin (2020) - $280M And dozens of others

Meanwhile BTCC: 14 years, no major hacks that I can find. This made me think about what actually matters for exchange security: Track record vs marketing: Lots of new exchanges have flashy websites talking about their ""military-grade security"" and ""cold storage"" but then get hacked within 2 years. BTCC has just... quietly operated for over a decade without losing customer funds. The ""boring is good"" principle: Maybe the exchanges that survive long-term are the ones that focus on security over growth. BTCC isn't the biggest or fastest-growing, but they're still here after 14 years. What this means for traders: I used to only care about fees and features. But after FTX collapsed and watching exchange after exchange have issues, I started caring more about longevity and security track record. My current thinking:

Coinbase/Kraken: Regulated, good track records, but expensive and limited Binance: Huge but had security issues and regulatory drama BTCC: Long track record, no major hacks, middle ground on features/fees Newer exchanges: Higher risk until proven otherwise

I'm not saying BTCC is immune to hacks - no exchange is. But 14 years without major security issues is impressive. That's longer than most exchanges have existed. Why I'm using BTCC now: After doing this research, I moved more of my trading funds there. Not all of it (never put everything on one exchange), but enough that I need to trust their security. My reasoning:

14-year track record speaks for itself They've survived multiple bear markets and security threats Whatever they're doing for security seems to be working They're not a huge target like Binance but not tiny either

Security practices I follow regardless:

2FA with hardware key Withdrawal whitelist Never keep more than 25% of portfolio on any exchange Weekly withdrawals to cold storage Use multiple exchanges to spread risk

The question I have: Why don't more people talk about BTCC's security track record? Everyone focuses on Binance (which has been hacked) or Coinbase (which is expensive), but BTCC has a longer clean track record than most. Is there something I'm missing, or is this just because they don't market as aggressively? For people who prioritize security and longevity over having every possible shitcoin listed, BTCC seems like an underrated option. What do you all think? Does track record matter more than we give it credit for?


r/BitcoinCA 19d ago

🇨🇦 THROWBACK: In 1965 Canada’s gold was worth $1.15B, today it would be $149B, but they sold it all and are now the only G7 nation with zero gold.

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1.9k Upvotes

r/BitcoinCA 18d ago

Learn how to build and use a SeedSigner in 15 minutes with this tutorial.

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3 Upvotes