Post
Topic
Board Trading Discussion
Re: Exchange advice to sell >10BTC
by
batang_bitcoin
on 10/03/2024, 20:59:07 UTC
The problem is if he uses Binance and other exchanges that require KYC he might end up paying taxes I heard that they ask for 50% tax on your capital gains from crypto in Canada. Instead of just paying fees, you'll also have to cover the associated taxes.
AFAIK, Binance have already dropped their support for Canadian customers since last year and that's why it's not a good choice because he might not be able to use their service.

So, given that I'm willing to identify myself to an exchange, are there any specific recommendations on exchanges that meet the above criteria and operate in Canada?
Have you checked out Coinbase Canada? $15000 is fees is certainly big that I will not go with.