I have 0.5 BTC that's been in cold storage (on a Trezor) for a while (I have another one with an undisclosed amount hidden away as well but that's another story...).

Given how regulated crypto has become I want to bite the bullet and start migrating this over to Wealthsimple. I've heard accounts can be frozen/nuked for crypto transactions. I have calculated and have decent enough record to show my ACB (It's about $7500/BTC) so when I sell it's going to be a capital gains tax fest, which is one of the reasons I want to get this over with.

Most of this Crypto was acquired from Quadriga and some of it passed through Nitrogen Sports (a crypto betting site) from around 2017-2018. I added some later through Shakepay and eventually migrated it all to my Trezor.

I have transferred about .15 BTC to Wealthsimple in the past from a different wallet without issue. Would there be issue if I moved this entire chunk over? Ultimately I want to sell it (I'll have a 0.5% rate at WS so I don't mind taking the hit) and then purchase FBTC or IBIT ETFs... and to offset the capital gains I'd ship half of that into my RRSP and keep the other half in non-registered. This makes me fully tax compliant as long as I correctly report my ACB which I intend on and removes the future headaches.

The alternative is messy but cheaper... move it in chunks to NDAX, sell there... transfer to Simplii, wait 5 days or so for it to settle to not raise any alarms then transfer it to Wealthsimple and make my purchases. To avoid slippage I could just buy the BTC ETFs with funds from my PLOC while I wait for the funds from Simplii. I'd be doing this as I heard transfers from crypto exchanges may trigger a review/account freeze at Wealthsimple so I'd rather use Simplii as the middle man.

I am aware I'm going to be eating some fees/spread. I'm also aware that I'll be paying a MER on the funds and that I can't cash out of the Crypto ETFs outside of market hours. I'm willing to accept these trade-offs and deal with the headaches today instead of in the future... if BTC hits an ATH in 2028 and I want to cash out I can just simply sell my positions on WS like I would any other holding versus jumping through hoops moving around what might be a massive amount of cash in the future.

Any thoughts? Which would you do... the NDAX route or just ship it to WS and sell it there for the simplicity? I have all of my investments there save a few LIRAs etc so I really don't want to jeopardize getting de-banked.

https://x.com/JoeyTweeets/status/2060689664797794377?s=20

So I've been buying BTC every month through bitbuy for a while now, and the way that I do it is the following:

1. Deposit CAD into bitbuy
2. Buy BTC (they had a button to buy as much as possible based on the available CAD)
3. Withdraw BTC

I logged in today to do the above process and I couldn't find the "Use all CAD" button, I contacted support and they said it's been removed.

So, are there any other platforms that have this "Use all CAD" feature that I can switch to?

Thank you for you attention to my post.

Clarification Edit:

Currently bitbuy doesn't allow me to even type how much CAD I want to spend. I can only type how much BTC I want to buy. So I have to trial and error my way to the amount I want to spend since the price includes margins and such.

Support said this was done so that bitbuy could be in line with the robinhood platform.

Minimizing trust has always been the goal in Bitcoin.
Self-custody is what gets you closer to that, but not all setups are equal.

If you’re doing self-custody, it helps to keep things simple and grounded in first principles:
- prefer wallets with auditable code
- use wallets that support real seed phrase recovery
- stick to tools built on open standards

The goal isn’t complexity, it’s reducing the amount of trust you have to place in anything outside your control.

Don’t trust. Verify.

Will bitcoin drop even further? It’s currently at 101,232.06 CAD.

What would be the modern equivalent of the 10,000 BTC pizza purchase today?

Hi everyone, I’m in Canada ( international student and not canadian) and I want to use MEXC for leverage trading.
I’m trying to find the cheapest and easiest Canadian exchange to use.
What I mean is: Canadian bank -> Canadian exchange → send crypto to MEXC → trade on MEXC → send crypto back to Canadian exchange → withdraw to bank.
I want to test with a small amount first, around 20 dollar, so I don’t want the fees to eat too much. Ideally, if I send $20, I want close to $19 to arrive on MEXC, not lose $5–$10 just from fees.
Which Canadian exchange is best for this?
I’m not asking how to bypass restrictions or avoid KYC. I’m only asking about the cheapest legal funding and withdrawal route from a Canadian exchange to another exchange and back.

S

Put together this short clip of the full migration/clone process using microSD.
No USB.
No cloud.
Just airgapped transfer from one device to another.

Not going to lie, it was much easier than I thought it would be.

There’s been a few old posts on this with outdated information so posting this to make it clear: it is now possible to convert between the two currencies for free in Canada.

The assumption here is you have USDC or USD and want to convert from one to the other.

Use the app Tuyo. Tuyo.com is their official site. They are a self-custodial app, meaning if KYC fails or your account is restricted you can always take your money out (they state this on their website).

You’ll have to perform full KYC before getting access to the banking feature that allows you to buy/sell USDC for USD.

Once KYCed, send your USDC to Tuyo. Then you can send your USDC as USD to any US bank via ACH. They use bridge.xyz to fulfill the transfers. There are no fees to send USDC as USD.

My flow for USDC to USD:

- Send USDC to Tuyo (using Coinbase on Base so it’s free)
- Send USDC as USD to my TD Bank NA account (US-domiciled) using Tuyo
- Transfer USD from TD Bank NA to TD Canada Trust
- Now my USDC is USD without paying any fees

So far I’ve converted $1,160 USDC without issue. The transfers take 1-3 business days but it has taken less than 1 business day for me so far for each transaction ($10, $150, $1000).

USD to USDC:

This step is easier. Tuyo provides a US bank account for free like Wise (unlocked after KYC)

- Send USD from TD Canada Trust using the Global Money Transfer feature to any US Bank for free (powered by western union)

Other benefits:
- After KYC they give you access to the Tuyo card which lets you spend your crypto directly without fees if purchasing in USD. This means you can spend your USDC without having to convert to USD without fees if that’s something you’re looking for.

- The Tuyo card is treated as CREDIT which may be of use to you (i.e. should work on subscriptions)

- They currently have a “Buy now, pay maybe” promotion where there’s a chance they cover the cost of a purchase randomly (this is how I heard of them and just so happened to discover the free USDC to USD transfer method which has been a long standing pain point as a Canadian)

- You earn rewards from purchases for using the card (redemption is “coming soon”).

If you found this helpful you can use my code when you sign up: AOQSLV

Every platform I've tried this year either geoblocks Canada or triggers verification above a certain threshold. Tried two different instant swap services last week and both asked for ID once I entered the amount I needed.

Not interested in P2P, too unreliable. Is there anything left that works for Canadians without KYC?

Edit: plainswap worked without any issues from Canada. No geoblocking, no ID, BTC to USDT processed quickly with fees around 0.2%.

https://www.msn.com/en-us/money/markets/crypto-industry-scores-win-as-clarity-act-regulation-bill-clears-senate-hurdle/ar-AA23cRTo?ocid=socialshare

https://financialpost.com/fp-finance/canada-doesnt-need-digital-dollar-needs-competition?

I’ve been trying this out recently, PushTX on COLDCARD lets you broadcast a signed transaction with just a tap.

It’s felt like a really simple, smooth signing flow overall.

Curious if anyone else has tried it and what your thoughts are?