Where to buy Bitoin, Litecoin and Ethereum in Calgary?
Calgary is the highest producer of oil and gas in the country. With investors looking for a safe way to invest their funds in this thriving economy, it is no surprise that this makes cryptocurrencies a popular commodity. Access to bitcoins, litecoins or Ethereum is quite easy for anyone living in the Calgary region.
Interested in Cryptocurrencies?
Are you looking to buy bitcoins, litecoins, and ethereumin in Calagray? Exchange platforms are the best place to start. They offer cryptocurrencies at very good prices and most exchanges allow trading in Canadian Dollars. The most widely used exchange platforms are CoinBase, Kraken, and CoinSquare.
This is the safest and easiest way to acquire cryptocurrencies. The platform allow users to create a wallet and connects those wallets to their bank account. The consumer can then start buying and selling cryptocurrencies at will. Here are the advantages:
- Simple to use.
- Individuals can easily pay for coins via credit card, once their bank account has been connected to their wallet (be sure to check for the price of 1 btc to cad).
- CoinSquare recently introduced PayPal as a form of payment.
- Fantastic customer support
One of the most popular bitcoin exchanges in Canada for trading litecoins and ethereum is CoinSmart. CoinSmart allows users to buy bitcoin and litecoin with their credit card; however, fees are high. They charge 3%-4% per purchase. Digital currency stored on CoinSmart servers is covered by their insurance policy. Rest assured that your digital currency is protected. The exchange is relatively quick, enabling you to send and receive digital currency that is immediately exchanged to your local currency.
This is one of the easiest and most accessible way of acquiring bitcoins. This is because ATMs are located at strategic positions throughout Calgary. With more ATMs popping up throughout the city, this should be most popular way people acquire cryptocurrencies in the future. This a fast and simple way to purchase Bitcoins without much banking information needed.
If you feel don’t feeling like finding an ATM in your city, there are websites that allow you to buy and sell cryptocurrencies. These websites enable yo to purchase digital currencies from the comfort of your home. These online platforms give you a catalog of all the available currencies and live prices. It is also quite easy to compare the prices online and finds the best btc to cad value in real time.
One of the most popular sites is localbitcoins.com. The website is very reputable and been in business for a long time. The general consensus, based off local reviews, is that LocalBitCoins are reliable and quick to respond to customer inquires. LocalBitCoins also provides the user with a variety of payment methods which makes purchasing digital currency on their website very convenient.
Blockchain is a digital ledger that can be seen by anyone in the chain of computers. It is a decentralized database. To transact on an exchange platform, you need to make use of a trusted middleman like a bank. However, the blockchain technology allows you to connect directly to a seller or buyer. Essentially, it removes the need for a third party.
All you need to do is create an online wallet with a valid email address. Set up an account with one of the partners. Once completed, you can start buying and selling cryptocurrency. There is a specific blockchain association in Calgary called Blockchain Calgary meetup. This association is opportunity for local people to looking to buy and sell cryptocurrencies to meet up.
Peer to Peer Markets
This marketplace allows buyers and sellers of Ethereum, litecoin and bitcoin to meet and trade with each other. The fees on these peer to peer markets are relatively low, 0.2%-1.5%. In these markets, you set a price for bitcoins and wait for a potential seller. This allows you to buy cryptocurrency at pocket-friendly prices.
Using Other CryptoCurrencies
You can actually buy litecoins using ethereum or buy bitcoins using litecoins. ShapeShift and Changelly are some popular exchanges that allow these types of transactions. Changelly is one unique and fast exchange platform for buying ethereum using litecoins. Using Changelly, you do not even need to store your money on the exchange platform, reducing the risk of your digital currency being stolen. You simply specify the amount of digital currency you want to buy, and specific the address your digital currency should be sent to. Changelly will then alert you on the amount of coins to send them. 30 minutes later, your cryptocurrency is in your wallet.