WindRider
Sat Jun 08 2024
|
5 answers
1065
Why can't i buy crypto in Canada?｜Yes, you can legally purchase and sell any cryptocurrency available in Canada. You can open your account on any crypto buying platform and purchase digital currencies. Remember, you have to pay tax on the profit that you make from buying and selling crypto as it's considered taxable like any other investment.
Why is it that I'm unable to purchase cryptocurrency in Canada? I've heard that Canada allows for the legal purchase and sale of various digital currencies. Shouldn't I be able to simply open an account on a crypto trading platform and start buying? Also, I'm a bit unclear on the tax implications. Do I really need to pay taxes on any profits I make from trading crypto? It seems like a rather complex process compared to other types of investments.
