Bitcoin Investment

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.

5 min read

Gaby Pilson
#cryptocurrency#bitcoin#crypto#investing

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 Jackson

Curious 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

Company

AboutCareersCultureGamerLearnPartnersTravelStatus

Connect

The KOHO Visa* Prepaid card is issued by Peoples Trust Company pursuant to license by Visa Int. *Trademark of Visa Int., used under license. **These services are provided by Service Providers, including Visa, Peoples Trust Company and Galileo Processing. Learn more about your finances with Visa Practical Money Skills.