How much Crypt can a Crypt-chuk chuck
Can I do 3-4 posts a week?
Position Trading works
Luc is trader by (trade?) and he has leveraged his experience and knowledge into the Crypto world to take advantage of the youth and volatility of the Crypto markets. He shows that volatility can be a good thing for position trading, and that its is all about the % gain, not the $$. Your goal is to increase your BTC count and separate your mind from thinking in solely FIAT.
The best part of all this is that Luc is not trying to sell anything, he is not interested in making money from Youtube or sponsorship's (which you see none of in his posts), he just wants you to profit. I highly recommend you watch his videos, go back as far as you can and start from the beginning.
Where do you find this stuff?
So to continue on with the main reasoning behind my posts, I will continuously add everything Canadian that I can find relating to the Crypto world, and all the other neat stuff I find along the way.
So, what did i find?
New Today:
Coinsquare
Pros:
Canadian owned and managed
Can use Flexepin to fund instantly if you only have cash/no bank account
Lowest trading fees found so far 0.1%-0.4%
Cons:
2.5% fee for Interac funding (Quadriga is 1.5%)
2.5% fee for Flexepin deposit (you already have to pay a fee to buy Flexipen at the merchant 3.2%)-->$500 cost $15.95 to buy, then $12.50 to deposit into the wallet.
Deposit Fees
*Interac-2.5% (instant)
*EFT-5% (1-3 days)
*Flexepin voucher-2.5% (instant, but 3.2% to buy at merchant as well)
*Bank Draft/Money order-0.25% plus your bank fees(0-2 days)
*Wire Transfer-0.5% plus your bank fees (0-1 day)
Withdrawal Fees:
*EFT-5% (1-3 days)
*Direct Deposit-1% (1-5 days)
*Wire Transfer-0.5% (1-9 days)
Trading Fees:
0.1%-0.4%
Running list:
Wallets/Exchanges
Coinbase
Pro: Fast money, no verification
Con: Expensive and the only withdrawl option is back to credit card, low deposit limit
Deposit Fees:
*Credit Card-3.99% (only option for Canadians)
Transfer Fee:
*3.99%
Quadriga
Pro: Good deposit options, multiple withdraw options and can be your wallet
Con: First deposit must undergo a 24 hr validation period.
Deposit Fees:
*EFT-5% (5 bus .days)
*Interac-1.5%($5 min, instant)
*Wire Transfer-Free (2-5 bus. days)
Withdrawal Fees:
Ranging from next bus. day @ 5% to 10 bus. days @ free.
Trading Fees:
BTC/CAD, BTC/USD, ETH/CAD, LTC/CAD & BCH/CAD @ 0.5%
ETH/BTC @ 0.2%
Well, enough for tonight, I have more to share, and I will keep posting my findings as they arise and if your are a Crypto-Canadian like me, share your findings for us Canucks, and I will do my best to pass them on!
A running list of cool things I've found so far:
Bitpetite
Awesome HYIP, but buyer be-warned, although i have been withdrawing my daily profits without issues ($230 US in 3 days), I don't expect it to be there when i wake up each morning. Try it out though, might be your thing.
Payout Update day 4:
$308 total withdrawn and reinvested.
Coinigy
The best tool bar none, although it doesn't have every exchange out there, it is more than you need to get a good start. Consolidates your exchanges into one spot, easy to read and I highly suggest the one year sub, it is in beta, but works great IMO.
Have a good night Crypto land!!
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