Bitcoin Canada MegaThread | FAQ For New Subscribers | Please Read
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Welcome to the Bitcoin Canada Subreddit! - This subreddit is for discussion of Bitcoin in Canada.
You've probably been hearing a lot about Bitcoin recently and are wondering what's the big deal? Most of your questions should be answered by the resources below but if you have additional questions feel free to ask them in the comments or our Bitcoin Discord.
First a foremost, You can run Bitcoin node software by downloading and installing Bitcoin Core or other node software from some of these commonly recognized sources. It is a best practice to verify these programs you download by checking their hashes and signatures.
Don't Trust, Verify.
- https://github.com/bitcoin/bitcoin/releases
- https://bitcoincore.org
- https://bitcoin.org/en/bitcoin-core/
- For Live Help on Running a Node, Bitcoin Wallet or Any Other Technical Bitcoin Questions, Join Our Bitcoin Only Tech & Support Discord Chat
Bitcoin nodes are your gateway to the Bitcoin network. They can be used along with third party open source software to send and receive Bitcoin securely. If your Bitcoin wallet is fully open source and Bitcoin-only, then it is probably a decent wallet. Some popular examples include sparrow wallet and electrum wallet, both of which can connect to your own locally run Bitcoin node, and used with most Bitcoin Hardware Wallets, like the Coldcard.
But for more basics on Bitcoin, it all started with the release of Satoshi Nakamoto's whitepaper however that will probably go over the head of most readers so we recommend the following articles/books/videos as a good starting point for understanding how Bitcoin works and a little about its long term potential:
- Article: The Bullish Case for Bitcoin
- Book: The Bitcoin Standard - or download a free copy here
- Video 1: The Bitcoin Standard - Saifdean Ammous
- Video 2: Bitcoin 101 - Balaji Srinivasan
Some other great educational resources include;
- The Satoshi Nakamoto Institute (check them out!)
- Michael Saylor's "Bitcoin for Everybody" course
- Jameson Lopp's resource page
- Gigi's resource page
- James D'Angelo's Bitcoin 101 Blackboard series
- Parker Lewis's Gradually Then Suddenly series
- Some Bitcoin statistics can be found here (1, 2, 3, 4).
If you are technically or academically inclined check out;
- Developer resources
- Peer-reviewed research papers
- Course lectures from both MIT and Princeton
- Future protocol improvements and scaling resources.
Are you new to Bitcoin and have beginner questions? Join our beginner friendly, Bitcoin Only Support Chat on Discord:
A Bitcoin Only Tech & Support Discord Chat
This thread is also helpful as an introduction to Bitcoin and has answers to common questions: https://www.reddit.com/r/Bitcoin/comments/i19uta/bitcoin_newcomers_faq_please_read
Looking For A Canadian Exchange To Buy And Sell Bitcoin?
We Recommend using:
Or Follow This Guide on Obtaining KYC Free Bitcoin
Looking For A Hardware Wallet To secure your Bitcoin offline in Cold storage? We Recommend using Coinkite's Coldcard Wallet. It's airgapped and Made in Canada.
Subreddit Rules: Please read them and follow them with respect, these rules are guidelines and do not cover every scenario.
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Do not solicit or harass r/BitcoinCA members via chat or direct message. Shills will be banned. Excess Referral link solicitation will be removed or result in a ban.
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Spam and off topic content will be removed.
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This is not a personnel support subreddit for exchange issues. please use the respective exchange subreddits for complaints or issues. Major issues are an exception.
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You need 10 comment karma to post in this subreddit, otherwise the automod will automatically remove your comments and posts. This helps to reduce bot/scammer spam.
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Do not use URL shortening services for post submissions: always post the real link.
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No begging.
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News articles that do not contain the word "Bitcoin" are usually off-topic. This subreddit is not about general financial news.
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Submissions that are mostly about some other cryptocurrency belong elsewhere.
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This subreddit is bilingual (French and English). Let's not get into a flame war.
Resources:
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Check out the wiki for Canadian exchanges and services
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Questions about Taxes? See the Taxation 2020/2122 Threads: https://www.reddit.com/r/BitcoinCA/comments/jwmn6h/taxation_2020_incoming_bull_market https://www.reddit.com/r/BitcoinCA/comments/nfn8a3/2021_bull_run_tax_update/ https://www.reddit.com/r/BitcoinCA/comments/szod00/2022_canadian_crypto_tax_guide_the_basics_from_a/
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Interested in Altcoins? Watch This First: https://youtu.be/5LZS8lt_hNI
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Use bitbo.io for tracking premiums of exchange traded bitcoin funds that can be bought with your TFSA stock market / brokerage trading account.
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Here’s a detailed thread about how Premiums and Net Asset Values work for TSX exchange traded Bitcoin funds and why they matter when buying or selling these products with your TFSA: https://www.reddit.com/r/BitcoinCA/comments/jr62o9/the_bitcoin_fund_announces_new_25_million_offering/
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Want to exchange Bitcoin for CAD peer to peer without KYC? Use Bisq! More Details: https://www.reddit.com/r/BitcoinCA/comments/k6r0ye/bisq_cad_liquidity_week_0310_january_info_and_how
Looking for some other resources? check the Sidebar on your desktop or About page on mobile
Still not finding what you are looking for? ask in the daily thread (should be stickied below this one in r/bitcoinca) or search the subreddit history for a thread related to what you want here
Posted Sep 23, 2023, 11:40 PM UTC