The Investors Centre is all the rage, and some people believe they can be a great investment. But be careful — these investments can be very risky and may not fit your needs or investment goals. Before you buy any crypto, take the time to fully research each coin’s technology and project goals as well as its development team. And be sure to invest in a secure wallet for your assets to prevent theft or hacking.

In Canada, you can buy cryptocurrency through a crypto exchange or by using an online brokerage platform. Some exchanges accept fiat currency (that’s national currencies like the Canadian dollar) through Interac e-transfers, wire transfers or debit cards. Be aware that some exchanges charge fees for deposits and withdrawals.

Step-by-Step Guide to Starting Crypto Investment in Canada

Another option is to buy and hold crypto privately, through an app or service like Best Wallet, which lets you manage your crypto in a digital wallet and even store it offline (in a “cold” wallet) for extra security. These services are typically registered with FINTRAC as money services businesses and are favored by privacy-conscious investors.

Finally, you can also invest in crypto through a bitcoin exchange-traded fund (ETF). These funds trade on an exchange just like stocks and bonds, but they offer exposure to crypto prices without the risks of owning crypto directly. Before you decide to invest in crypto, it’s important to check your provincial or territorial securities regulations for more information about how they treat digital assets.