With the cryptocurrency market growing fast, many Canadians are trying to figure out how to set it up.
But how to find an exchange that will accept your bitcoin?
Here are our top tips for getting started.1.
Know where you’re goingFirst, you need to know where you want to shop.
In Ontario, there are a number of exchanges that accept bitcoin and Ethereum, but you should be able to find a local exchange in your area.
The easiest way to find one is to use the BitGo app, which will scan your QR code and give you a list of all the bitcoin exchanges in your city.
Once you’re in the app, tap on the link on the bottom of the screen and choose “Create Account.”
It will ask you a few questions, such as your city, which currency you’re buying and how much you want.
After the first page, you’ll see a list with several options.
You can either go with the standard Bitcoin price, which is usually around $5,000, or go with a higher, higher-volume price like $20,000.
If you’re unsure about the bitcoin price, you can check it with Coinbase, which offers a more in-depth look at the market.
For Ethereum, the option for a higher-price is the one you’ll want to take.
If that option doesn’t work, you may need to buy Ethereum from an exchange.
This is the easiest way for Canadians to get in on the ground floor of the cryptocurrency craze, but there are plenty of others out there.2.
Don’t go with just one exchange.
There are a few exchanges out there that will only accept one cryptocurrency at a time.
This can be confusing for some, so we’ve listed the exchanges we’ve found so far below.
You’ll want your Bitcoin wallet to have a “local” address, and that address is a URL that you can paste into a browser to retrieve your wallet.
Once you’ve got the address, go to Coinbase and enter the bitcoin address into the “Buy and Sell” section.
That should give you access to your wallet on any exchange.3.
Set up a local walletIf you’re not sure what to do with your wallet after you’ve chosen an exchange, you’re free to leave it at home and use it for whichever cryptocurrency you want, but remember that you’ll need to pay the same transaction fees on all of the different exchanges.
We recommend the local wallet, which allows you to set a new wallet address every time you go online and withdraw.
The easiest way of doing this is to create a local bitcoin address for your wallet and add it to a Coinbase account.
Then, every time that you want money in your wallet, simply copy and paste the address into your browser and the wallet will automatically be updated with the new balance.
You can use this local wallet to buy and sell any currency, but it may not work if you’re unfamiliar with cryptocurrency, or if you don’t know how to use your local wallet.4.
Don, don’t go homeThe best way to set your wallet up is to take your wallet to an exchange and deposit some Bitcoin or Ether in the account.
This will give you immediate access to the funds you want in your Bitcoin or Ethereum wallet, and you can do so without any friction.
We also recommend setting up an “instant withdraw” function that will automatically send money out of your wallet each time you log in.5.
Know your feesIf you decide that you’re ready to buy or sell bitcoin, there’s nothing wrong with starting with the cheapest option.
The fee will be lower for Bitcoin, so you can expect to pay less if you decide to spend more than you originally planned.
If your wallet isn’t set up properly, you should have to pay more fees.
We’ve included the top 10 cheapest Bitcoin exchanges right here.6.
Make sure you have the right balanceYour wallet may not be set up correctly to receive your Bitcoin, Ethereum or Litecoin, and your balance may be wrong.
Make a note of the amount you have in your wallets, and check that your balance is correct before you open up an account.
In some cases, a customer will charge more than what they’re supposed to.
If your balance isn’t correct, contact the company and request a refund.
We suggest contacting them within 24 hours, but if it’s too late, you might want to contact your local Bitcoin or Litecointalk forum for support.7.
Set your withdrawal limitThe next thing to check is your withdrawal limits.
If it’s not clear, or you’re just not sure if you can withdraw more than your limit, you have a few options.
First, you could try to withdraw less money, but this will lower your transaction fees.
But if you’ve already spent more than the amount that you’ve withdrawn, you probably have too much money.
If this happens, you don.
You should also contact your exchange directly