Back to learn
5 Things to know before putting all your money into Bitcoin & cryptocurrencies
Rounding it up
The unregulated world of Bitcoin and other cryptocurrencies may promise potential big profit, but they also promise uncertainty.
Before you invest, know that buying cryptocurrency can be tricky; you must set up a digital wallet that many financial institutions don’t allow.
You’ll also be charged a foreign transaction fee on your cryptocurrency purchase as well.
Cryptocurrencies are not regulated or insured, and their value fluctuates a lot. Safe to say, you should invest only if you’re okay with some financial risk.
Gaby Pilson
Gaby Pilson is a writer, educator, travel guide, and lover of all things personal finance. She’s passionate about helping people feel empowered to take control of their financial lives by making investing, budgeting, and money-saving resources accessible to everyone.
Recent Articles
Upcoming trip? Here's why you should use a prepaid Visa card for travel purchases
Do I need renter's insurance in Canada?
How much should Canadians save for retirement?
What is value added tax? Is there VAT in Canada?
Is it more expensive to live in Canada or the US?
Should I keep accounts at multiple banks?
Related articles
Is cryptocurrency taxable in Canada?
7 mins
Cedric JacksonCurious about crypto? Discover the tax laws governing cryptocurrency in Canada so you can accurately report it on your taxes.
Is cryptocurrency taxable in Canada?
7 mins
Cedric Jackson
Curious about crypto? Discover the tax laws governing cryptocurrency in Canada so you can accurately report it on your taxes.
#crypto
#cryptocurrency
#tax
#CRA
Is cryptocurrency regulated in Canada?
7 mins
Cedric JacksonCryptocurrency is almost always regulated as a security. Discover what this means for future or current crypto investors like yourself.
Is cryptocurrency regulated in Canada?
7 mins
Cedric Jackson
Cryptocurrency is almost always regulated as a security. Discover what this means for future or current crypto investors like yourself.
#cryptocurrency
#crypto
#bitcoin
#regulation
Are cryptocurrencies considered legal tender in Canada?
5 mins
Cedric JacksonIs crypto legal or not? Will it be taxed like your other investments? Learn how you can legally use this buzzy currency in Canada.
Are cryptocurrencies considered legal tender in Canada?
5 mins
Cedric Jackson
Is crypto legal or not? Will it be taxed like your other investments? Learn how you can legally use this buzzy currency in Canada.
#cryptocurrency
#crypto
#bitcoin
#tax
What is green investing?
8 mins
Gaby PilsonWant to invest and help the environment? You can ensure that your investments are eco-conscious with a dedicated green investing strategy.
What is green investing?
8 mins
Gaby Pilson
Want to invest and help the environment? You can ensure that your investments are eco-conscious with a dedicated green investing strategy.
#investing
#investment
#green investing
#ESG investing
What is ethical investing?
7 mins
Ally StreelmanThis investment strategy can not only have a positive impact on the world but also on your wallet. Welcome to ethical investing 101.
What is ethical investing?
7 mins
Ally Streelman
This investment strategy can not only have a positive impact on the world but also on your wallet. Welcome to ethical investing 101.
#investing
#investments
#ethical investing
#ESG investing
Are ETFs a risky investment?
9 mins
Cedric JacksonETFs, or exchange-traded funds, are designed to be low-risk, but that doesn’t mean they’re risk-free. Do your research before investing.
Are ETFs a risky investment?
9 mins
Cedric Jackson
ETFs, or exchange-traded funds, are designed to be low-risk, but that doesn’t mean they’re risk-free. Do your research before investing.
#investment
#ETF
#exchange-traded funds
#investing