Newton makes it fast and easy to buy, sell and hold 65+ cryptocurrencies in Canada.
Bitcoin (BTC) was launched in 2009, Bitcoin is currently the world鈥檚 largest cryptocurrency, valued at over $700 billion CAD at time of writing. Bitcoin is a decentralized currency, which means you can buy, sell, and exchange it without a bank or other centralized institution. People purchase Bitcoin for a variety of reasons, including Bitcoin鈥檚 relative stability and widespread distribution among cryptocurrencies, its potential hedging benefits, and because it can function as a store of value.聽
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*聽Although the term "stablecoin" is commonly used, there is no guarantee that the asset will maintain a stable value in relation to the value of the reference asset when traded on secondary markets or that the reserve of assets, if there is one, will be adequate to satisfy all redemptions.
Because stablecoins* are designed to maintain a peg to fiat currencies, they can be useful tools. Coins such as USDC, USDT and QCAD generally experience lower volatility than other crypto assets.
*聽Although the term "stablecoin" is commonly used, there is no guarantee that the asset will maintain a stable value in relation to the value of the reference asset when traded on secondary markets or that the reserve of assets, if there is one, will be adequate to satisfy all redemptions.
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