A community dedicated to Bitcoin, the currency of the Internet. Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. You might be interested in Bitcoin if you like cryptography, distributed peer-to-peer systems, or economics. A large percentage of Bitcoin enthusiasts are libertarians, though people of all political philosophies are welcome.
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QCX, CS, and Kraken make up most of the volume for CAD order books, in that order. These businesses face the same challenge: having a business relationship with a bank where the bank gives your Bitcoin business a chequing account that can transact a billion dollars of transactions per month. In order for a Bitcoin exchange to scale, it must acquire clients. The more clients, the more potential trades, the more potential fees. Exchanges live off of fees. The challenge with scaling for CAD is that you can't: Canadian banks do not permit it, and the symptoms of this are exhibited in Canadian's inability to deposit and withdraw to and from exchanges in meaningful quantities. This is because Bitcoin exchanges that are incorporated in Canada, have their "business activity" in Canada, file taxes in Canada, conform to Canadian financial laws, and must go to Canadian banks to open a CAD chequing account. Since Canadian banks control the in and out flows of CAD, and thus the on and off ramps to crypto, no Bitcoin exchange can scale to billions per month. Many Canadians got rich off the last boom, and want to "cash out" in CAD to "crystallize" their gains in the CAD economy. So they all withdraw at the same time, now. These are the largest size and quantity of CAD withdrawals experienced for Bitcoin exchanges in Canada. The people that are withdrawing CAD at QCX experience the upper threshold of what can be permitted by the CAD accounts that can be obtained by Bitcoin exchanges. What will happen is that Bitcoin will not go away, and the price (dominated in CAD) will continue to increase. Since there is an upper threshold to what a CAD account can permit for a Bitcoin exchange, these limits will continue to be stressed until
Canadian Bitcoin Exchange ‘Hacked,’ Says All Funds are Gone! Was the honey pot too tempting to dip into or was it a genuine hack? Either way this just shows time after time: decentralized exchanges are the way to go, and EOS will be leading the way.
Earlier this week, we noticed an irregularity with regards to the sweeping process of incoming Ether to the exchange. The usual process involved sweeping the ether into a ETH/ETC splitter contract, before forwarding the ether to our hot wallet. Due to an issue when we upgraded from Geth 1.5.3 to 1.5.9, this contract failed to execute the hot wallet transfer for a few days in May. As a result, a significant sum of Ether has effectively been trapped in the splitter contract. The issue that caused this situation has since been resolved. In order to call a function in an Ethereum contract, we need to work out its signature. For that we take the HEX form of the function name and feed it to Web3 SHA3. The Web3 SHA3 implementation requires the Hex value to be prefixed with 0x - optional until Geth 1.5.6. Our code didn't prefix the Hex string with 0x and when we upgraded Geth from 1.5.3 to 1.5.9 on the 24th of May, the SHA3 function call failed and our sweeper process then called the contract with an invalid data payload resulting in the ETH becoming trapped. As far as recoverability is concerned, EIP 156 (https://github.com/ethereum/EIPs/issues/156) could be amended to cover the situation where a contract holds funds and has no ability to move them
Canadian Bitcoin Exchange ‘Hacked,’ Says All Funds are Gone! Was the honey pot too tempting to dip into or was it a genuine hack? Either way this just shows time after time: decentralized exchanges are the way to go!
What quadriga had for it was that it was the oldest and biggest bitcoin exchange in Canada. But it was starting to lose ground in volume, and the fact that it is the oldest does not entail that it is the safest or best. Quadriga was the longest surviving 1st generation of bitcoin exchange in Canada. All the exchanges for Canadian nationals so far have worked largely in the same way in the backend. It is a central database controlled by a developer and an admin. In the case of quadriga, the highest admin was Gerry, and the developer is Alex. Gerry was responsible for coming up obtaining bank accounts that he used to send and receiving funds. These accounts included but are not limited to personal accounts at all the big banks, and an assortment of corporate accounts that he could control. This includes “payment processors” at such as Billfery, Finconnect, Crypto Capital, 9082903 BC LTD, PayPal, and so on. When the first group of exchanges (Cavirtex, vault of Satoshi, cointrader, quadriga, Coinbase, kraken) started in canada, they all used payment processors. This was all during a time — and still ongoing — where the banks didn’t take a definite stance on Bitcoin. Then the various ways to accept funds from these exchanges started to ground to a halt: paypal, bank draft, Interac Online, bank wire. This is because banks do annual reviews of accounts that have been “flagged” during the year. Now quadriga’s reliance on loose corporate structures and various bank accounts is coming to an end.
Should be noob friendly and easy to register at and withdraw CAD. I am aware of Kraken, not a fan of them considering their use of Tethers. I am aware of Quadriga. [Votes for: 4+ (Bonus points for Supporting Bitcoin Cash)] I am aware of coinspace. What I am really hoping for is someone that I have come to trust that can suggest one for me so I can steer a friend to creating an account so I can send him some X-mas cheer.
Our Exchange Is Coming Soon. You will soon be able to buy online instantly with one of our convenient payment options. Coming Soon. Education. Bitcoin 101 . Learn the basics of Bitcoin and the revolutionary technology behind it. Start Here. Buying your first Bitcoin. Learn how to safely buy your first Bitcoin. Learn More. Wallets. Learn the ins and outs of digital wallets and how to keep your ... Bitcoin Cash (ABC) $370.14: $343.85: 97.6%: Bitcoin Cash SV: $236.63: $218.52: 97.0%: Litecoin: $78.76: $72.21: 95.8%: Ethereum: $554.68: $519.85: 98.0%: Ethereum Classic: $7.44: $7.02: 99.2%: Dash: $99.33: $93.41 : 98.8% *sticky* We have now added two more days to our COVID office hours for walk-in traffic. We are now open Monday-Thursday 10AM-4PM. Still closed on Fridays. Buy Bitcoins ... Buy Bitcoin . Netcoins is a Canadian exchange based in Vancouver. You can buy and sell Bitcoin, Ethereum, Litecoin and other major cryptocoins with Interac e-Transfer, online bill payment or wire. They charge 0% on funding and FIAT withdrawal fees and .5% on trading. Customers receive support during business hours through live chat, email or phone call. Getting started and verified takes a ... Comparison of Canada’s Top Three Bitcoin Exchanges. QuadrigaCX had distinguished itself definitively as the number one cryptocurrency exchange by way of volume in the Canadian market, and it is not particularly close. With the really tragic collapse of the exchange, we are waiting to see who emerges as top dog. Canadian Bitcoin Exchange. Cryptocurrency is still an evolving landscape and the various elements of this ecosystem are still being built. Since bitcoin and other cryptos are a global phenomena, anyone can participate and invest, no matter what country they belong to. Also, since it is a nascent industry, the potential for future reward is ...
How to Buy Your First Cryptocurrency in Canada - Best Exchange to Buy & Sell Crypto
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