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Search for an ETF or holding
Updated 2mo ago.
Updated 2mo ago.
A cryptocurrency is a decentralized digital currency that uses cryptography to secure transactions and control the creation of new units. Bitcoin and Ethereum are the most well-known. Cryptocurrencies operate on blockchain networks without traditional banking intermediaries.
In Canada, you can invest in Bitcoin and Ethereum through ETFs listed on the TSX, without having to manage a digital wallet:
These ETFs can be held in a TFSA, RRSP, or non-registered account.
For beginner investors, a small crypto allocation (5% maximum of your portfolio) through a regulated Canadian ETF is a safer approach than buying directly on an exchange platform. Warning: volatility is extreme (Bitcoin has lost more than 70% of its value on multiple occasions). Make sure the rest of your portfolio is well diversified with ETFs like XEQT.TO before considering crypto.