Via Twitter: Canadians Can Now Purchase Bitcoin Using Using Tax Free Savings Accounts and Retirement Plans

If you’re new to cryptos, read through this tweet and think about what this means:

(You can read the full article HERE)

Accredited investors (who have to have either $250,000 in annual income or a $1,000,000 investment portfolio in order to qualify,) can now use money from structured retirement funds to purchase cyrptocurrency.  It’s not mass-adoption- yet- but it’s another step in that direction.  How long do you think it will be before Wall Street gets in on the game after a Bitcoin/Cryptocurrency ETF (Exchange Traded Fund) is approved?  Once an ETF is approved, you can bet your bottom dollar that all the investment houses will quietly be lobbying the appropriate people in Washington D.C. and state governments to get the green light for another product line to sell to the masses and earn commissions and fees off of.

The one caveat that I’m already pointing out ahead of time in using a third party to buy and hold cryptos (just like stocks and bonds today,) is: who holds the private keys?  The best analogy would be like saying, “who’s holding the keys to your safety deposit box?”  This is something you’ll have to consider one day, especially if you have the option to purchase cryptos using your IRA or 401(k).

Andreas Antonopolous summed up the basic rule of ownership like this: [I love this clip]

Enjoy, and be well, Everyone.


Miscellaneous Notes and Tools

Follow Tiny Crypto Blog on Twitter @tinycryptoblog

You can also follow new posts on Facebook

If you’re ever in Chicago, you’re always welcome to swing by one of the live meetups.


Use the Brave browser and block unwanted ads and decide which websites YOU want to support! https://brave.com/tin140


Purchasing Cryptocurrencies

Looking to start purchasing cryptos? Open an account at Coinbase, and you’ll receive $10 in free bitcoin for your first purchase of $100 or more. Link HERE

Binance is a great exchange to buy and sell cryptos. More Info Here

Kucoin is also a good option for coins not listed on Binance.  More Info Here

Changelly is a good option for exchanging coins without having to use an exchange and the fees are reasonable.  More Info Here


Mining Cryptocurrencies on your PC

Are you new to cryptos and want an easy way to mine them? The easiest way to get started is to use the Honeyminer. More Info Here

If you’re a little more technical, Minergate is a good option as well. More Info Here

Need a good, basic crypto wallet? Download the Exodus wallet


I manage this blog because I love being involved in the space and sharing what I’ve learned. If you’d like to say “thanks” in return, you can do so over at the TIP JAR

I also happily accept Smartcash tips

Sf4s9RJcxdakFspbntcCDnC3wTMgEUxHJR

smart cash qr code

One comment

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s