Can you buy crypto through Questrade?

Asked 3 years ago

Morning, morning. I want to buy Bitcoin through Questrade. Is this possible? If not, which other platforms can you recommend?

Questrade Buying crypto currency Range of services on trading platforms Bitcoin

Jessie King

Friday, September 17, 2021

While you cannot purchase cryptocurrency directly on Questrade, you can acquire the myriad of crypto-related exchange-traded funds (ETFs) offered in Canada.
﻿On Questrade, here are the crypto investments you can scoop up and at a discount considering the selloff in the industry in recent months.
Purpose Bitcoin ETF (BTCC)
BTCC (CAD and currency-hedged)
BTCC.B (CAD and non-currency hedged)
BTCC.U (USD and non-currency hedged)
Evolve Bitcoin ETF (EBIT)
EBIT (CAD AND unhedged)
EBIT.U (USD)
CI Galaxy Bitcoin ETF (BTCX)
BTCX.B (CAD and unhedged)
BTCX.U (USD)
CI Galaxy Ethereum ETF (ETHX)
ETHX.B (CAD unhedged)
ETHX.U (USD unhedged)
Purpose Ether ETF (ETHH)
ETHH (CAD Hedged)
ETHH.B (CAD non-hedged)
ETHH.U (USD non-hedged)
Evolve Ether ETF (ETHR)
3iQ CoinShares Ether ETF (ETHQ)

Filip Dimkovski

Sunday, November 28, 2021

Questrade does not currently support buying crypto with cash currency, so you cannot go directly to the store and purchase it.
Even though Questrade does not take part in the trading of digital assets directly, it enables you to purchase cryptocurrency ETFs indirectly.
In terms of buying cryptocurrencies and keeping the keys, which can then be transferred to a cold storage digital wallet to provide buyers unrivaled ownership of the cryptocurrency, Questrade does not have that capability.
Why Can't You Buy Cryptocurrency with Questrade?
It's vital to note that purchasing and investing in cryptocurrency aren't always the same thing.
Why is that so?
Even though you may invest in cryptocurrencies like Bitcoin on Questrade, you can't purchase the crypto coins directly through the platform.
The primary reason for this is that executing actual cryptocurrency transactions needs a lot of computing power. 
Making cryptocurrency transactions can be an excruciatingly time-consuming and inefficient procedure without the required technological infrastructure.
If platforms cannot handle huge-scale crypto transactions and secure user keys, they can suffer significant consequences. 
Because of this, many popular fintech platforms that provide a diverse range of investments and are not limited to cryptocurrencies, such as Questrade, do not allow you to make direct crypto purchases. 

Carin Hazell

Thursday, December 01, 2022

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