I’ll be honest. When I first started in crypto I was extremely skeptical of everything.
I wanted to get as much free Bitcoin and crypto as I could because I am cheap and I didn’t want to risk any of my money. Getting free bonuses made things feel less scary.
Based on the last few years of my experience in crypto here is what I would do again to get as much free Bitcoin as possible.
Kraken is one of the oldest, largest, and most trusted crypto exchanges in the crypto industry. They have a stellar reputation for security. I have been a Kraken customer for many years now.
All the screenshots in this Kraken Review are from my personal accounts and apps. I stake Ethereum on Kraken and have used it for the occasional crypto-to-crypto altcoin trade.
My Conclusion: Kraken is best and recommended for traders. Trusted exchange with a good reputation. Good UI design. The Kraken Pro website and app are fully featured for traders and it has been my go-to exchange for trading since the FTX implosion.
If you want a simple way to buy a small amount of Bitcoin I would probably recommend a different exchange that is simpler to use like Shakepay or Newton.
Polygon (Previously Matic Network) is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Covert MATIC to CAD
Is it possible to buy Bitcoin in Canada with PayPal?
NO.
Coinbase claims Canadians and makes fiat withdrawals to Paypal. I’ however have not been able to get this to work. And based on what I have read on Reddit and Twitter — not many other Canadians have got PayPal to work either.
If you are Canadian and tried to use Coinbase, you will quickly realize it’s not as simple to use for us.
It’s hard to fund and deposit because Coinbase does not accept eTransfers. The Paypal withdraw featured didn’t work for me. Not all the coins listed on Coinbase are available to Canadians. For this reason, it is best to use a Canadian crypto exchange.
Choosing the best crypto exchange between Newton vs NDAX will ultimately depend on a few factors. Mainly how much you want to buy/sell and if you want to trade or just buy and hold. I have used both of these exchanges for more than 4 years now and this is what I would recommend and why.
TL;DR Summary
Newton – Easy to use exchange for beginners with lots of altcoins. Best overall exchange for most people.
NDAX – Best for traders. Stake crypto to earn interest rewards.
For Fees: Use Newton to buy/sell less than $5K worth of crypto and use NDAX if you want to buy/sell more than $5K.
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