Bitcoin 101: Everything you need to know about the cryptocurrency that took the world by storm

In 2021, it’s highly unlikely you haven’t heard about cryptocurrency (and blockchain). And in case those terms seem unfamiliar, you’ve certainly heard of Bitcoin. The media doesn’t tire of covering it, the news doesn’t exhaust itself mentioning its historical price movements, and influencers seem to have adopted it as a part of their lives. But what exactly is Bitcoin? Why is it all the rage now? And what does it mean to invest in Bitcoin? This post will give you a brief overview of everything you need to know about Bitcoin, starting from its history and current position to what

FFCON21: Breaking Barriers

A society without physical money has become apparent in recent years, as tech-savvy users have turned to electronic payments and, even more interestingly, cryptocurrency. The recent market high of Bitcoin, Ethereum and even Dogecoin have sparked mainstream interest in cryptocurrency. Thanks to mass media and increased adoption, cryptocurrency is becoming embraced worldwide by both merchants and consumers. Can cryptocurrency become the mainstream form of currency? Our Chief Operating Officer and Vice President of Legal, Eric Richmond shared his thoughts during the “Mainstream Adoption of Digital Currencies and Investing in Alternative Assets” panel at the Fintech & Financing Conference and Expo,

Coinsquare Finalizes Agreement With CRA: Protects Majority of Client Data

In September 2020, the Canada Revenue Agency (CRA) filed an application in Federal Court seeking an order to compel Coinsquare to provide information pertaining to all of our clients’ account history and trading data. The CRA stated that it requires this information for tax reporting and compliance purposes. For reference, this story was covered in the media and you can read it here. We expect that similar disclosures will soon be required from other Canadian digital asset exchanges. Coinsquare negotiated to protect our client’s privacy, and limit any disclosure to only what was absolutely required by the CRA under Canadian

How to Increase Your Coinsquare Account Security (Updated 2021)

Coinsquare takes client security very seriously, and we value client awareness and participation in our security features.  Despite the numerous behind-the-scenes security protocols Coinsquare has in place, there are some additional security measures our clients can take to protect their accounts. The two most advised security features Coinsquare recommends implementing are two-factor authentication (2FA), and a complex password generator.  There are additional security measures clients can take, like ensuring their emails are secure, or educating themselves on the risks of phishing, but 2FA is the most beneficial extra layer of protection for your Coinsquare account. What is 2FA? If you

Mogo Announces Strategic Investment in Coinsquare, Canada’s Leading Digital Asset Trading Platform

VANCOUVER, British Columbia–(BUSINESS WIRE)–Mogo Inc. (NASDAQ:MOGO) (TSX:MOGO) (“Mogo” or the “Company”), a digital payments and financial technology company, today announced its investment in Coinsquare Ltd. (“Coinsquare”), Canada’s leading digital asset trading platform, including the execution of a definitive agreement (the “Agreement”) for Mogo to acquire 19.99% ownership of Coinsquare’s outstanding common shares on a post-transaction basis for total consideration of approximately $56.4 million. The Agreement also includes rights for Mogo to acquire an additional 20% ownership interest in Coinsquare through purchases of shares from current shareholders and the exercise of warrants under certain conditions (refer to “Terms of the Transaction”), for

Goodbye Interac e-Transfer fees!

Coinsquare’s mission has always been to become a 21st century full-service financial institution. We’ve been hard at work to make Coinsquare the best experience possible for our clients and today we’re one step closer to that goal. We’re excited to announce that we’re waving goodbye to Interac e-Transfer fees forever! Now you can fund your account with as little as $20 all the way up to $10,000 and pay ZERO funding fees on all Interac e-Transfer deposits.  Here’s a quick refresher on how to fund your Coinsquare account with Interac e-Transfer. Important Notes: Interac e-Transfer fees are now 0%. Third-party transfers will not be accepted. The name

Summary of changes to our Terms and Conditions

Coinsquare is updating its Terms and Conditions of Use and Privacy Policy (collectively, the “Terms”), effective immediately for new users beginning on December 8, 2020 and for existing users January 7th, 2021. The updates to the Terms are intended to make them easier to read and to better describe our contractual relationship with you. Below are some highlights of the changes to each document. To see the entire scope of changes to the Terms that will govern your Coinsquare Account and use of the Coinsquare Services, please refer to the full Terms and Conditions of Use and Privacy Policy. If you disagree with the

Coinsquare Announces New Leadership Team; Files Applications to Operate a Regulated Digital Asset Marketplace in Canada

TORONTO–(BUSINESS WIRE)–Coinsquare, Canada’s leading digital asset trading platform, has announced the appointment of Nicholas Thadaney and Wendy Rudd to its board of directors. The appointments follow the confirmation of Stacey Hoisak as Coinsquare’s new Chief Executive Officer, and the appointments of Lawrence Truong as Chief Compliance Officer, and Eric Richmond as Chief Operating Officer. The newly appointed directors and executive team bring tremendous experience in Canadian securities regulation, investment dealer operations and regulated marketplaces to Coinsquare. Coinsquare Capital Markets Ltd. (CCML) has also submitted a dealer membership application to the Investment Industry Regulatory Organization of Canada (IIROC) and an application

Bitcoin Cash Fork Update

Update 11/18/2020: The split has been successful and BCH trading and withdrawals is back online Bitcoin Cash is scheduled to hard fork on November 15, 2020 around 7:00 AM EST. After the fork, there will be two chains; Bitcoin Cash Node (listed as ‘BAB’ on our platform) and Bitcoin Cash ABC. Coinsquare will continue to support Bitcoin Cash Node but will not support Bitcoin Cash ABC. What does this mean for Coinsquare users? If you plan on claiming Bitcoin Cash ABC, before the fork please withdraw your coins to a wallet that will support the split. What action is Coinsquare

Coinsquare’s 2020 Trends & Insights

We are now midway through 2020, and only one thing is certain: the last six months have been a whirlwind of unprecedented circumstances. From the COVID-19 pandemic ravaging global health and economic conditions, to the civil unrest and protests centered in the United States but proliferating to other countries, the world is at a pinnacle point of change.  For the cryptocurrency ecosystem, the atmosphere of global uncertainty has driven a renewed interest in Bitcoin and other digital assets which don’t rely on centralized financial institutions. As the market continues to mature and evolve amidst these unpredictable ‘strange’ times, here are