Buying, Holding and Selling Cryptocurrencies
How do I get my first coin (or fraction of it)? Keep in mind, each exchange has their own daily limits, KYC requirements, fees and market exchange prices – the list below are just the ones I am familiar with and have experience with. You can also move coins across the various exchanges easily as each exchange will generate a unique wallet for you. Coinbase : Allows you to purchase Bitcoin; Ethereum; Litecoin and Bitcoin Cash directly using a Visa or Mastercard Weekly limits will initially be subject to $250 CAD once KYC verified, after some time you can increase this limit to $1,000/ week Fees are ~3.75% which are quite reasonable in comparison to other exchanges If you are concerned about daily price volatility, with Coinbase you can setup recurring transactions which can charge your credit card daily, weekly, bi-weekly or monthly. This is a great solution to automate purchases if you are considering buying a little BTC and forgetting about it, almost like an “automated