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Wondering whether or not to buy Bitcoin in Canada? Read this article and discover the most important reasons why should you invest in Bitcoins Canada right now!

Basics For Buying And Investing In Bitcoin

So, you are interested in investing in Bitcoins Canada, but you are having second thoughts? Don’t worry as you are not the only one. There are so many people out there having the same thoughts as you, wondering whether or not investing in cryptocurrencies is a smart idea.

That is a completely normal thing for you to think as after all there are so many information about cryptocurrencies, we don’t really know what should we believe in. That is just one of the reasons why we always recommend our readers who are interested in investing in cryptocurrency to make their own research, gather their own information, and make the final call.

Bitcoins Canada

We are here to help you out, especially if you have already decided that investing in Bitcoins Canada is the right thing for you to do. We are going to present you a few reasons why Bitcoin is such an attractive investment and why you should definitely consider buying one:

Is Investing In Bitcoin A Good Idea?

  • No third parties – One of the best things about Bitcoin is that there are no third parties. This is because the database keeps every redundant copy of the transaction. The worst thing that can happen is if the Bitcoin owner sends Bitcoins to someone else. Considering the fact that no one is involved, no one can help you solve the problem.
  • No taxes – With Bitcoin transactions, there is no third party included but you already know that. What you don’t know is that there are no taxes as well. There will never be a way of controlling Bitcoin and implementing a Bitcoin taxation system.
  • No tracking – Unless you as a user publicizes your wallet address, the private transactions can’t be traced by absolutely anyone. Besides the Bitcoin wallet owner, no one really knows how many Bitcoins are there in the wallet. In case the wallet address gets publicized, finding or generating another Bitcoin address is a simple thing to do. Most Bitcoin users find this level of safety and privacy convenient and appealing.

Invest in Bitcoins

Investing In Bitcoin in 2018

  • No paperwork – Unlike the paperwork required to have your own bank account opened, to transfer funds, receive money, and etc, Bitcoin transactions don’t really involve any form of paperwork There is no proof of ID card, address, and sometimes even no passport is required for you to start trading Bitcoins. The two most important things for you to own is an address and a wallet. There are limits when it comes to Bitcoin addresses, you can have as many addresses as you want.
  • With Bitcoins you can easily access markets that were previously inaccessible – Did you know that in 2016, there were more than 2.3 billion people that have access to the internet. Most of these people use mobile phone internet, however, some of them are not really able to access the old or traditional system of money exchange. These individuals today are able to transact by using their crypto coins as the traditional banking institutions cannot reach them. Bitcoin is only growing bigger and bigger and there is no doubt that it is one of the most popular and used cryptocurrency in the world.
  • Immediate settlements – We all know that traditional settlements take a lot of time, sometimes you will have to wait a few days or weeks. The Bitcoin transactions are completed within a few minutes, regardless of your location.

So, are you ready to buy your first Bitcoins in Canada?