{"id":983126,"date":"2022-04-29T15:22:14","date_gmt":"2022-04-29T19:22:14","guid":{"rendered":"https:\/\/www.finder.com\/ca\/?p=983126"},"modified":"2025-06-23T06:27:16","modified_gmt":"2025-06-23T10:27:16","slug":"crypto-faq","status":"publish","type":"post","link":"https:\/\/www.finder.com\/ca\/news\/crypto-faq","title":{"rendered":"Crypto FAQ: Answers to 5 commonly asked crypto-related questions"},"content":{"rendered":"<h2><span>When considering whether to invest in cryptocurrency, it helps to know a little bit about it first. <\/span><\/h2><div class=\"is-visible@s is-hidden\"><article class=\"luna-card luna-card--shadow\"><div class=\"luna-card__block\"><p><a href=\"https:\/\/my.wealthsimple.com\/app\/public\/promo?code=findercryptocampaign&amp;locale=en-ca&amp;b_con\" target=\"_blank\" rel=\"sponsored noopener\"><img decoding=\"async\" class=\"alignleft size-thumbnail wp-image-1655447\" style=\"margin-bottom: 40px; padding-top: 20px; margin-right: 20px;\" src=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2021\/12\/WealthSimple-sponsored-logo2.png\" alt=\"\" width=\"24%\" height=\"24%\" srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2021\/12\/WealthSimple-sponsored-logo2.png?fit=180 180w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2021\/12\/WealthSimple-sponsored-logo2.png?fit=360 360w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2021\/12\/WealthSimple-sponsored-logo2.png?fit=600 600w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2021\/12\/WealthSimple-sponsored-logo2.png?fit=900 900w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2021\/12\/WealthSimple-sponsored-logo2.png?fit=1200 1200w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" loading=\"lazy\"><\/a>Sponsored by <strong><a href=\"https:\/\/my.wealthsimple.com\/app\/public\/promo?code=findercryptocampaign&amp;locale=en-ca&amp;b_con\" rel=\"noopener sponsored\" target=\"_blank\">Wealthsimple Crypto<\/a><\/strong>. The only platform in Canada that lets you trade stocks and crypto in one app. Trade 55+ tokens. Get $25 when you open and fund your Crypto account with $150. T&amp;Cs apply.<\/p><div class=\"luna-buttonGroup luna-buttonGroup--stretch luna-buttonGroup--stack@xs\" role=\"group\"><a href=\"https:\/\/my.wealthsimple.com\/app\/public\/promo?code=findercryptocampaign&amp;locale=en-ca&amp;b_con\" target=\"_blank\" rel=\"noopener sponsored\"><button class=\"luna-button luna-button--success\" style=\"margin-top: 10px;\" type=\"button\">Learn more<\/button><\/a><\/div><\/div><\/article><\/div><div class=\"is-hidden@s\"><article class=\"luna-card luna-card--shadow\"><div class=\"luna-card__block\"><a href=\"https:\/\/my.wealthsimple.com\/app\/public\/promo?code=findercryptocampaign&amp;locale=en-ca&amp;b_con\" target=\"_blank\" rel=\"sponsored noopener\"><img decoding=\"async\" class=\"alignleft size-thumbnail wp-image-1655447\" style=\"margin-bottom: 10px; padding-top: 0px; margin-right: 0px;\" src=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2021\/12\/WealthSimple-sponsored-logo2.png\" alt=\"\" width=\"60%\" height=\"60%\" srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2021\/12\/WealthSimple-sponsored-logo2.png?fit=180 180w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2021\/12\/WealthSimple-sponsored-logo2.png?fit=360 360w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2021\/12\/WealthSimple-sponsored-logo2.png?fit=600 600w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2021\/12\/WealthSimple-sponsored-logo2.png?fit=900 900w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2021\/12\/WealthSimple-sponsored-logo2.png?fit=1200 1200w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" loading=\"lazy\"><\/a><br><span><small><br>Sponsored by <strong><a href=\"https:\/\/my.wealthsimple.com\/app\/public\/promo?code=findercryptocampaign&amp;locale=en-ca&amp;b_con\" rel=\"noopener sponsored\" target=\"_blank\">Wealthsimple Crypto<\/a><\/strong>. The only platform in Canada that lets you trade stocks and crypto in one app. Trade 55+ tokens. Get $50 when you open and fund your Wealthsimple Crypto account with $150. T&amp;Cs apply. <\/small> <\/span><br><a href=\"https:\/\/my.wealthsimple.com\/app\/public\/promo?code=findercryptocampaign&amp;locale=en-ca&amp;b_con\" target=\"_blank\" rel=\"noopener sponsored\"><button class=\"luna-button luna-button--success\" style=\"margin-top: 10px;\" type=\"button\">Learn more<\/button><\/a><\/div><\/article><\/div><p><span>Cryptocurrency is a relatively new phenomenon and people naturally have questions about what it is and how it works. Having the answers to these 5 questions will go a long way in helping you conceptualize cryptocurrencies and understand their place in your investment portfolio. <\/span><\/p><p>This guide, sponsored by <a href=\"https:\/\/my.wealthsimple.com\/app\/public\/promo?code=findercryptocampaign&amp;locale=en-ca&amp;b_con\" target=\"_blank\" rel=\"noopener sponsored\">Canadian crypto platform Wealthsimple<\/a>, gives you answers to 5 commonly asked crypto-related questions to help you make the right decisions for you.<\/p><h3><span>1. What is cryptocurrency?<\/span><\/h3><p><span>Cryptocurrency comes in many different forms. The first and most well-known cryptocurrency is Bitcoin. Bitcoin can be thought of as digital money or money for the Internet. Many other cryptocurrencies have been built in the last 13 years for a number of different purposes. Some cryptocurrencies can be used for transactions (like LTC for example), others are designed to be held as investments ( such as BTC and ETH in a similar way you\u2019d hold stocks or commodities), and others are referred to as governance tokens (like UNI, and AAVE) since the cryptocurrency doubles as voting power to make decisions.<\/span><\/p><p><span>The takeaway definition is that cryptocurrency is Internet currency. Much like the regular Internet was a new way to transfer information around the globe, cryptocurrency is a new way to transfer value.<\/span><\/p><h3><span>2. How is cryptocurrency stored?<\/span><\/h3><p><span>Cryptocurrency is stored on computers located all over the world. Any computer that contributes to a particular copy of the blockchain \u201cstores\u201d the fact that a particular user\u2019s cryptocurrency exists. But just because they are storing this record, doesn\u2019t mean they can access, move or transfer the cryptocurrency. Only the holder of a unique piece of text called \u201ca private key\u201d can move cryptocurrency located at a \u201cpublic address\u201d. <\/span><\/p><p><span>Cryptocurrency storage is analogous to physical mailboxes. There is a piece of public information that tells mail delivery services where to send mail. Then there is a private key that lets the owner of the mailbox retrieve their mail. Cryptocurrency is no different. Only the holder of the private key can access the cryptocurrency located at a public address. This is what cryptocurrency wallets are for. Wallets store the private key safely for the user. So cryptocurrencies themselves aren\u2019t stored in wallets, but the keys that are used to access them are.<\/span><\/p><h3><span>3. How can I start trading cryptocurrency?<\/span><\/h3><p><span>If you have decided you want to learn more about cryptocurrency and are ready to obtain some, it is best to start slow. Don\u2019t put in any money that you\u2019re not willing to lose. The second piece of advice is that you don\u2019t need to become a trader just because you\u2019ve bought cryptocurrency. Buying and holding for the long term is a strategy that many people are comfortable with, and is the first step in crypto education for the first time crypto buyer.<\/span><\/p><p><span>If you do want to learn how to trade, then it is best to familiarize yourself with trading terminology and a basic trading interface before executing any trades. Learn about market orders, limit orders and stop losses as well as when to use each of them. Lastly, write down a set of rules and price targets for your trades. If you want to buy your first coin CAD$50k and sell it later at CAD$55k, then make sure you stick to your principles. Forming a strong set of principles to use when investing is one of the best ways to have a viable career as a trader.<\/span><\/p><div class=\"is-visible@s is-hidden\"><article class=\"luna-card luna-card--shadow\"><div class=\"luna-card__block\"><p><a href=\"https:\/\/my.wealthsimple.com\/app\/public\/promo?code=findercryptocampaign&amp;locale=en-ca&amp;b_con\" target=\"_blank\" rel=\"sponsored noopener\"><img decoding=\"async\" class=\"alignleft size-thumbnail wp-image-1655447\" style=\"margin-bottom: 30px; padding-top: 20px; margin-right: 20px;\" src=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2021\/12\/WealthSimple-sponsored-logo2.png\" alt=\"\" width=\"24%\" height=\"24%\" srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2021\/12\/WealthSimple-sponsored-logo2.png?fit=180 180w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2021\/12\/WealthSimple-sponsored-logo2.png?fit=360 360w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2021\/12\/WealthSimple-sponsored-logo2.png?fit=600 600w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2021\/12\/WealthSimple-sponsored-logo2.png?fit=900 900w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2021\/12\/WealthSimple-sponsored-logo2.png?fit=1200 1200w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" loading=\"lazy\"><\/a><small>[Sponsored]<\/small> Get a $25 cash bonus and commission-free trades when you open a <a href=\"https:\/\/my.wealthsimple.com\/app\/public\/promo?code=findercryptocampaign&amp;locale=en-ca&amp;b_con\" rel=\"noopener\" target=\"_blank\">Wealthsimple Crypto account<\/a> and deposit and trade at least $150. Sign-up today to take advantage of this offer.<\/p><div class=\"luna-buttonGroup luna-buttonGroup--stretch luna-buttonGroup--stack@xs\" role=\"group\"><a href=\"https:\/\/my.wealthsimple.com\/app\/public\/promo?code=findercryptocampaign&amp;locale=en-ca&amp;b_con\" target=\"_blank\" rel=\"noopener sponsored\"><button class=\"luna-button luna-button--success\" style=\"margin-top: 10px;\" type=\"button\">Get deal at Wealthsimple<\/button><\/a><\/div><\/div><\/article><\/div><div class=\"is-hidden@s\"><article class=\"luna-card luna-card--shadow\"><div class=\"luna-card__block\"><a href=\"https:\/\/my.wealthsimple.com\/app\/public\/promo?code=findercryptocampaign&amp;locale=en-ca&amp;b_con\" target=\"_blank\" rel=\"sponsored noopener\"><img decoding=\"async\" class=\"alignleft size-thumbnail wp-image-1655447\" style=\"margin-bottom: 10px; padding-top: 0px; margin-right: 0px;\" src=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2021\/12\/WealthSimple-sponsored-logo2.png\" alt=\"\" width=\"60%\" height=\"60%\" srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2021\/12\/WealthSimple-sponsored-logo2.png?fit=180 180w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2021\/12\/WealthSimple-sponsored-logo2.png?fit=360 360w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2021\/12\/WealthSimple-sponsored-logo2.png?fit=600 600w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2021\/12\/WealthSimple-sponsored-logo2.png?fit=900 900w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2021\/12\/WealthSimple-sponsored-logo2.png?fit=1200 1200w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" loading=\"lazy\"><\/a><br><span><br>Sponsored: Get a $25 cash bonus and commission-free trades when you open a <a href=\"https:\/\/my.wealthsimple.com\/app\/public\/promo?code=findercryptocampaign&amp;locale=en-ca&amp;b_con\" rel=\"noopener\" target=\"_blank\">Wealthsimple Crypto account<\/a> and deposit and trade at least $150. Sign-up today to take advantage of this offer.<\/span><br><a href=\"https:\/\/my.wealthsimple.com\/app\/public\/promo?code=findercryptocampaign&amp;locale=en-ca&amp;b_con\" target=\"_blank\" rel=\"noopener sponsored\"><button class=\"luna-button luna-button--success\" style=\"margin-top: 10px;\" type=\"button\">Get deal at Wealthsimple<\/button><\/a><\/div><\/article><\/div><h3><span>4. What is blockchain?<\/span><\/h3><p><span>Blockchain is the technology behind every cryptocurrency. The purpose of a blockchain is to record each transaction that takes place on a network and make it permanent. Transactions are made between users. These transactions are then organized or batched into blocks. Then, every so often (for example, every 10 minutes), the computers that are running the network reach a consensus on which transactions took place within that period. Once consensus is reached, the latest block of transactions is added to the end of the blockchain. This process of batching transactions into blocks and adding them to the chain continues forever.<\/span><\/p><h3><span>5. What is DeFi?<\/span><\/h3><p><span>DeFi is short for \u201cdecentralized finance\u201d. It is the idea that people no longer need to get financial services from centralized service providers such as banks. The same services can now be offered to people through cryptocurrencies. It helps to break financial services into 4 categories: storage, transfers, credit and investments (equities and commodities). Digital coins like Bitcoin and Litecoin, for example, offers its users the ability to store and transfer money on the Internet without needing to have identification or permission to use its services. Other cryptocurrencies, for example ETH and ADA, enable a wider range of financial services, such as credit (borrowing and lending) and alternative investments in a wide range of other cryptocurrencies. <\/span><\/p><p><span>While DeFi is a big topic, it is crucial to understand that it represents a shift away from centralized financial institutions and in some cases, the services offered by blockchain networks are comparable to those provided by banks. These decentralized applications (dApps) don\u2019t require permission to use or people to run them. Lastly, DeFi stands to make the full breadth of financial services accessible to anyone with an Internet connection. DeFi has the potential to allow a much wider degree of participation in the global economy than what was ever before possible.<\/span><\/p><h3><span>Your cryptocurrency journey<\/span><\/h3><p><span>These are just 5 of the questions that people have when being introduced to cryptocurrency. There are, of course, many more aspects, definitions, acronyms and nuances to the answers that were given above. It\u2019s recommended that you absorb one teaching at a time, then try to do something that puts what you\u2019ve learned into practice. Reading is one thing, but doing it is really what tests your knowledge. 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comparison-table__sortIcon\"><use href=\"#chevron-up-down\"><\/use><\/svg><svg class=\"comparison-table__sortIcon--asc luna-icon\"><use href=\"#arrow-up\"><\/use><\/svg><svg class=\"comparison-table__sortIcon--desc luna-icon\"><use href=\"#arrow-down\"><\/use><\/svg><\/th><\/tr><\/thead><tbody><style>\n\t.rewards-infobox .deals-banner { display:flex; flex-direction: row; border-radius: 16px; border:1px solid #000; overflow: hidden; }\n\t.rewards-infobox .deals-left { background:linear-gradient(103.63deg, #FFD23B 9.47%, #FFD835 16.17%, #FEDA3D 21.75%, #FEE053 29.57%, #FEEA77 39.61%, #FDF7A9 50.78%, #FDFFC4 56.36%, #FDF8AC 58.59%, #FDEE88 61.94%, #FEE669 65.29%, #FEE052 68.64%, #FEDB41 73.1%, #FED838 77.57%, #FFD835 83.15%, #FFD23B 89.85%); display:flex; flex-direction: column; align-items:center; justify-content:space-between; position: relative; width: 110px; cursor:pointer; }\n\t@media (min-width: 768px) { .rewards-infobox .deals-left { width: 110px; } }\n\t.rewards-infobox .deals-right { background:#1a50ff; color:#fff; padding: 8px; display:flex; flex-direction: column; gap:2px; justify-content:center; flex: 1; }\n\t@media (min-width: 768px) { .rewards-infobox .deals-right { padding: 8px; } }\n\t.rewards-infobox .deals-phone { position: absolute; top: 8px; left: 12px; }\n\t.rewards-infobox .deals-ends { color:#000; font-weight:800; font-size:12px; line-height:12px; padding:6px 10px; font-style: italic; border-radius: 9999px; display:inline-flex; align-items:center; text-transform: uppercase; display: none; }\n\t.rewards-infobox .deals-ends-text { padding-top: 2px; }\n\t.rewards-infobox .deals-header { display:flex; align-items:center; flex-wrap: nowrap; gap:4px; cursor:pointer; }\n\t.rewards-infobox .deals-amount { background:linear-gradient(103.63deg, #FFD23B 9.47%, #FFD835 16.17%, #FEDA3D 21.75%, #FEE053 29.57%, #FEEA77 39.61%, #FDF7A9 50.78%, #FDFFC4 56.36%, #FDF8AC 58.59%, #FDEE88 61.94%, #FEE669 65.29%, #FEE052 68.64%, #FEDB41 73.1%, #FED838 77.57%, #FFD835 83.15%, #FFD23B 89.85%); color:#232320; font-size:32px; line-height:28px; letter-spacing: -0.75px; text-transform: uppercase; padding: 2px 4px 0 2px; border-radius: 4px; font-style: italic; font-weight: bold; font-size: 30px; }\n\t.rewards-infobox .deals-title { color: white; text-transform: uppercase; font-style:italic; font-weight:bold; font-size:16px; flex: 1; }\n\t.rewards-infobox .deals-list { display:flex; flex-direction: column; flex-wrap: wrap; gap:2px; margin: 4px 0 2px; cursor:pointer; }\n\t@media (min-width: 768px) { .rewards-infobox .deals-list { flex-direction: row; row-gap: 4px; column-gap: 20px; } }\n\t.rewards-infobox .deals-step { display:flex; align-items: baseline; gap:4px; }\n\t.rewards-infobox .deals-step-num { background:#FFD23B; color:#000; display:inline-flex; align-items:center; justify-content:center; font-weight:bold; font-style: italic; border-radius:2px; font-size:12px; margin-top:2px; line-height: 12px; padding-top: 2px; min-width: 11px; }\n\t.rewards-infobox .deals-step-text { color:#fff; font-size:12px; line-height:16px; font-weight: bold; }\n\t.rewards-infobox .deals-disclaimer { color:#E8EEFF; font-size:12px; margin-top: 4px; width: fit-content; }\n\t.rewards-infobox .deals-disclaimer a { color:#BFD0FF; text-decoration: underline; font-size: 12px; }\n\t.rewards-infobox .rewards-end-date { font-size: 12px; }\n\t\n\t\t.rewards-infobox .deals-countdown {\n\t\tdisplay: flex;\n\t\talign-items: center;\n\t\tmargin-top: 8px;\n\t\tflex-wrap: wrap;\n\t}\n\n\t.rewards-infobox .deals-countdown__label {\n\t\tcolor: #fff;\n\t\tfont-size: 12px;\n\t\tfont-weight: 800;\n\t\tpadding-right: 6px;\n\t\twhite-space: nowrap;\n\t}\n\n\t.rewards-infobox .deals-countdown__timer {\n\t\tdisplay: flex;\n\t\talign-items: center;\n\t\tgap: 4px;\n\t}\n\n\t.rewards-infobox .deals-countdown__unit {\n\t\tdisplay: inline-flex;\n\t\talign-items: center;\n\t}\n\n\t.rewards-infobox .deals-countdown__value {\n\t\tbackground: #FFD238;\n\t\tcolor: #000;\n\t\tfont-size: 12px;\n\t\tfont-weight: 800;\n\t\ttext-align: center;\n\t\tfont-style: italic;\n\t\tmin-width: 24px;\n\t\tmin-height: 14px;\n\t\tline-height: 100%;\n\t\tletter-spacing: -0.025em;\n\t\tfont-feature-settings: 'tnum' on, 'lnum' on;\n\t\tpadding: 2px;\n\t}\n\n\t.rewards-infobox .deals-countdown__separator {\n\t\tcolor: #fff;\n\t\tfont-size: 16px;\n\t\tfont-weight: 600;\n\t}\n\n\t@media (max-width: 600px) {\n\t\t.rewards-infobox .deals-countdown__value {\n\t\t\tpadding: 2px;\n\t\t}\n\t}\n\n\t\ttd.comparison-table__feature--longtext div.comparison-table__cellWrapper { width: 100%; }\n\n\t\t@media (max-width: 600px) {\n\t\t.reward-col-order-3 { grid-row: 3 !important; }\n\t\t.reward-col-order-4 { grid-row: 4 !important; }\n\t\t.reward-col-order-5 { grid-row: 5 !important; }\n\t\t.reward-col-order-6 { grid-row: 6 !important; }\n\t\t.reward-col-order-7 { grid-row: 7 !important; }\n\t\t.reward-col-order-8 { grid-row: 8 !important; }\n\t\t.reward-col-order-neg-3 { grid-row: -3 !important; }\n\t\t.reward-col-order-neg-4 { grid-row: -4 !important; }\n\t\t.reward-col-order-neg-5 { grid-row: -5 !important; }\n\t\t.reward-col-order-neg-6 { grid-row: -6 !important; }\n\t\t.reward-col-order-neg-7 { grid-row: -7 !important; }\n\t\t.reward-col-order-neg-8 { grid-row: -8 !important; }\n\t}\n<\/style><style>\n  \/* Gold gradient on minimal UX reward rows (desktop only) *\/\n  @media (min-width: 601px) {\n    tr[data-minimal-ux=\"true\"][data-should-show-rewards=\"true\"] {\n      background: linear-gradient(45deg, rgba(255, 210, 59, 0) 76%, rgba(255, 210, 59, 0.5) 100%), #fff;\n      background-repeat: no-repeat;\n      background-size: 50% 50%;\n      background-position: top right;\n    }\n  }\n\n  tr[data-minimal-ux=\"true\"][data-should-show-rewards=\"true\"] > td.comparison-table__cta {\n    gap: 4px;\n    margin-top: 0 !important;\n  }\n\n  \/* Pill wrapper centered in CTA cell (td is display:grid with 3 columns) *\/\n  .rewards-pill-wrapper {\n    z-index: 3;\n    align-self: flex-end;\n    justify-self: flex-end;\n\n    @media (max-width: 600px) {\n      grid-column: 1 \/ -1;\n      text-align: center;\n      justify-self: unset;\n    }\n  }\n\n  \/* &#9472;&#9472; Base pill styles (original compact design) &#9472;&#9472; *\/\n  .rewards-pill {\n    display: inline-flex;\n    align-items: center;\n    gap: 6px;\n    background: linear-gradient(103.63deg, #FFD23B 9.47%, #FFD835 16.17%, #FEDA3D 21.75%, #FEE053 29.57%, #FEEA77 39.61%, #FDF7A9 50.78%, #FDFFC4 56.36%, #FDF8AC 58.59%, #FDEE88 61.94%, #FEE669 65.29%, #FEE052 68.64%, #FEDB41 73.1%, #FED838 77.57%, #FFD835 83.15%, #FFD23B 89.85%);\n    border: 1px solid #E6B40F;\n    border-radius: 4px 20px 20px 20px;\n    padding: 0px 8px 0px 2px;\n    cursor: pointer;\n    position: relative;\n    overflow: visible;\n    transition: filter 0.15s ease;\n    height: 24px;\n    box-sizing: border-box;\n\n    @media (max-width: 600px) {\n      box-shadow: 0 0 24px 0 rgba(255, 210, 59, 0.75);\n    }\n  }\n\n  .rewards-pill__shimmer {\n    position: absolute;\n    top: 0;\n    left: 0;\n    right: 0;\n    width: 100%;\n    height: 100%;\n    border-radius: 4px 20px 20px 20px;\n    overflow: hidden;\n    pointer-events: none;\n  }\n\n  .rewards-pill__shimmer::after {\n    content: '';\n    position: absolute;\n    top: 0;\n    width: 50%;\n    height: 100%;\n    background: linear-gradient(\n      90deg,\n      transparent 0%,\n      rgba(255, 255, 255, 0.5) 50%,\n      transparent 100%\n    );\n    animation: rewards-pill-shimmer 4s infinite;\n  }\n\n  .rewards-pill__icon {\n    z-index: 2;\n    display: flex;\n    align-items: center;\n    flex-shrink: 0;\n    position: relative;\n  }\n\n  .rewards-pill__icon-svg {\n    width: 44px;\n    height: 27.75px;\n    overflow: visible;\n  }\n\n  .rewards-pill__star {\n    position: absolute;\n    z-index: 4;\n    opacity: 0;\n    pointer-events: none;\n    width: 22px;\n    height: 22px;\n    top: 55%;\n    left: 3%;\n    margin-top: -19px;\n    margin-left: -6px;\n    animation: rewards-pill-star-rotate 4s infinite;\n  }\n\n  .rewards-pill__text {\n    font-size: 16px;\n    font-style: italic;\n    font-weight: 900;\n    text-transform: uppercase;\n    letter-spacing: 0px;\n    color: #092673;\n    z-index: 1;\n    line-height: 24px;\n    white-space: nowrap;\n  }\n\n  \/* &#9472;&#9472; New design overrides (data-show-tc=\"true\") &#9472;&#9472; *\/\n  .rewards-pill[data-show-tc=\"true\"] {\n    padding: 0px 10px 0px 4px;\n    border-radius: 4px 32px 32px 32px;\n    height: 38px;\n    align-items: center;\n  }\n\n  .rewards-pill[data-show-tc=\"true\"] .rewards-pill__shimmer {\n    border-radius: 4px 32px 32px 32px;\n  }\n\n  .rewards-pill[data-show-tc=\"true\"] .rewards-pill__icon-svg {\n    width: 68px;\n    height: 48px;\n  }\n\n  .rewards-pill[data-show-tc=\"true\"] .rewards-pill__star {\n    top: 0;\n    left: 0;\n    margin-top: 0;\n    margin-left: 0;\n  }\n\n  .rewards-pill[data-show-tc=\"true\"] .rewards-pill__text {\n    font-family: 'Modern Era', Arial, Helvetica, sans-serif;\n    font-weight: 900;\n    font-style: italic;\n    font-size: 16px;\n    line-height: 18px;\n    letter-spacing: 0;\n    text-align: center;\n    font-variant-numeric: lining-nums tabular-nums;\n    color: #092673;\n    white-space: nowrap;\n    text-transform: none;\n  }\n\n  .rewards-pill__content {\n    display: flex;\n    flex-direction: column;\n    justify-content: center;\n    z-index: 1;\n    height: 100%;\n    padding: 2px 0;\n    box-sizing: border-box;\n  }\n\n  .rewards-pill__tc {\n    font-family: 'Modern Era', Arial, Helvetica, sans-serif;\n    font-weight: 400;\n    font-style: normal;\n    font-size: 10px;\n    line-height: 130%;\n    letter-spacing: 0;\n    text-align: center;\n    font-variant-numeric: lining-nums tabular-nums;\n    text-decoration: underline;\n    text-decoration-style: solid;\n    color: #092673;\n    white-space: nowrap;\n  }\n\n  .rewards-pill__tc:hover {\n    opacity: 0.8;\n  }\n\n  @keyframes rewards-pill-shimmer {\n    0% {\n      transform: translateX(100%);\n    }\n    20% {\n      transform: translateX(-100%);\n    }\n    100% {\n      transform: translateX(-100%);\n    }\n  }\n\n  @keyframes rewards-pill-star-rotate {\n    0% {\n      opacity: 0;\n      transform: rotate(0deg) scale(0);\n    }\n    5% {\n      opacity: 1;\n      transform: rotate(45deg) scale(1);\n    }\n    15% {\n      opacity: 1;\n      transform: rotate(135deg) scale(1);\n    }\n    20% {\n      opacity: 0;\n      transform: rotate(180deg) scale(0);\n    }\n    100% {\n      opacity: 0;\n      transform: rotate(180deg) scale(0);\n    }\n  }\n\n  \/* Rewards Pill Countdown - wrapper layout for countdown + pill *\/\n  .rewards-pill-wrapper:has(.rewards-pill-countdown:not([hidden])) {\n    display: flex;\n    align-items: center;\n\n    @media (min-width: 601px) {\n      flex-direction: row;\n      gap: 10px;\n      margin-bottom: 6px;\n    }\n\n    @media (max-width: 600px) {\n      flex-direction: column;\n      gap: 12px;\n    }\n  }\n\n  .rewards-pill-countdown[hidden] {\n    display: none !important;\n  }\n\n  .rewards-pill-countdown {\n    font-family: 'Modern Era', Arial, sans-serif;\n    font-weight: 800;\n    font-size: 12px;\n    line-height: 100%;\n    letter-spacing: -0.025em;\n    font-variant-numeric: lining-nums tabular-nums;\n    color: #232320;\n    white-space: nowrap;\n    display: flex;\n    align-items: center;\n\n    @media (min-width: 601px) {\n      order: -1;\n    }\n\n    @media (max-width: 600px) {\n      justify-content: center;\n      margin-bottom: 8px;\n    }\n  }\n\n  .rewards-pill-countdown__timer {\n    display: inline;\n  }\n\n  .rewards-pill-countdown__sep {\n    margin: 0 1px;\n  }\n\n<\/style><tr data-product-id=\"608f4c78-f640-41c8-bb05-a236720be51f\" data-provider-id=\"6ba5caef-a622-4365-9b28-f8e34c133fe9\" data-product-name=\"Wealthsimple Crypto\" data-provider-name=\"Wealthsimple\" class=\"grid-column-count-4  mobile-column-count-3 mobile-row-count-7  js-comparison-table__row  \"><td class=\"comparison-table__name combined-column-header   f1-clarity-header\"><a href=\"https:\/\/www.finder.com\/ca\/cryptocurrency\/exchanges\/wealthsimple-crypto-review\" data-component-id=\"1003\" data-component-version=\"1\"><img decoding=\"async\" border=\"0\" src=\"data:image\/svg+xml;base64,PHN2ZyB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciIHdpZHRoPSI5IiBoZWlnaHQ9IjUiIHN0eWxlPSJiYWNrZ3JvdW5kLWNvbG9yOiAjRjVGNkY3OyIvPg==\" data-src=\"https:\/\/www.finder.com\/niche-builder\/6350d6ecaee9b.png\" alt=\"Wealthsimple logo\" class=\"lazysizes\" srcset=\"https:\/\/www.finder.com\/niche-builder\/6350d6ecaee9b.png?fit=180 180w, https:\/\/www.finder.com\/niche-builder\/6350d6ecaee9b.png?fit=360 360w, https:\/\/www.finder.com\/niche-builder\/6350d6ecaee9b.png?fit=600 600w, https:\/\/www.finder.com\/niche-builder\/6350d6ecaee9b.png?fit=900 900w, https:\/\/www.finder.com\/niche-builder\/6350d6ecaee9b.png?fit=1200 1200w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" loading=\"lazy\"><\/a><div class=\"finder-score-container\"><div class=\"detail-info \" style=\"cursor: pointer;\"><a class=\"scoreCombined score__container finder-score\" onclick=\"showFinderScoreModal('gxfcy')\"><span class=\"score__badge score__badge--great\"><span class=\"score__value\">8.7<\/span><\/span><span class=\"score__text-wrapper score__text score__text--great\">Great<\/span><\/a><\/div><\/div><div class=\"product-info_name combined-column-header\"><span class=\"nameLink\"><a href=\"https:\/\/www.finder.com\/ca\/cryptocurrency\/exchanges\/wealthsimple-crypto-review\" target=\"_blank\" data-component-id=\"1014\" data-component-version=\"1\">Wealthsimple Crypto<\/a><\/span><div class=\"gx-badge\"><span class=\"gx-badge__body awards-badge__body hasPopover\" rel=\"popover\" data-content=\"Wealthsimple was the winner of the &lt;b&gt;Homegrown Canadian&lt;\/b&gt; award in the &lt;a href='https:\/\/www.finder.com\/ca\/cryptocurrency\/exchanges\/finder-crypto-trading-platform-awards-2023'&gt;Finder Crypto Trading Platform Awards 2023&lt;\/a&gt;.\" data-html=\"true\"><span class=\"badge-text\">Finder Award<\/span><\/span><\/div><\/div><\/td><td class=\"comparison-table__feature\n                     data-row                     \n                                                                                                                                                                                                                            first-row\n                                                                                                                        default-sort-descending\" data-mobile=\"hide\" data-sortvalue=\"\" data-column-index=\"1\" data-decorator=\"text,gxfcy.product.datapoint_finder_score_v2_m\"><div class=\"comparison-table__cellWrapper js-calculator-table-value\n                                                            \" data-heading=\"Finder Score\"><div class=\"detail-info \" style=\"cursor: pointer;\"><a class=\"scoreCombined score__container finder-score\" onclick=\"showFinderScoreModal('gxfcy')\"><span class=\"score__badge score__badge--great\"><span class=\"score__value\">8.7<\/span><\/span><span class=\"score__text-wrapper score__text score__text--great\">Great<\/span><\/a><\/div><\/div><\/td><td class=\"comparison-table__feature\n                     data-row                     \n                                        border-top\n                                                                                rounded-top-left\n                                                            rounded-top-right\n                                                                                                                                                                                                                                                \" data-sortvalue=\"\" data-column-index=\"2\" data-decorator=\"text,gxfcy.product.datapoint_fiat_currencies_table\"><div class=\"comparison-table__cellWrapper js-calculator-table-value\n                                                            \" data-heading=\"Fiat currencies\"><span><span class=\"detail-highlight\">2<\/span><span class=\"table-popover\" rel=\"popover\" data-content=\"&lt;strong&gt;Including:&lt;\/strong&gt; CAD, USD\" title=\"\" data-original-title=\"\"><\/span><\/span><\/div><\/td><td class=\"comparison-table__feature\n                     data-row                     \n                                                                                                                                                                middle-row\n                                                                                                                                                                                    \" data-sortvalue=\"\" data-column-index=\"3\" data-decorator=\"text,gxfcy.product.test_exchange_cryptos_supported_table\"><div class=\"comparison-table__cellWrapper js-calculator-table-value\n                                                            \" data-heading=\"Cryptocurrencies\"><span><span class=\"detail-highlight\">147<\/span><span class=\"table-popover\" rel=\"popover\" data-content=\"&lt;strong&gt;Including:&lt;\/strong&gt; BTC, ETH, XRP, BCH, FET, LTC, ADA, XLM, ETC, BNB, DOGE, BAT, LRC, KNC, BNT, SKY, LINK, MANA, RLC, STORJ, GTC, NMR, DOT, MEME, BIO, XCN, TRUMP, ATOM, IMX, UNI, SUPER, XTZ, USDC, ANKR, ALGO, CHR, CC, QNT, LPT, HBAR, SNX, HYPE, CHZ, GOAT, ARB, SPX, TIA, OP, COMP, PUMP, BAND, RSR, OGN, KSM, COTI, POL, CTSI, SOL, TRB, RPL, DIA, UMA, YFI, CRV, AVAX, HNT, SUSHI, SAND, RUNE, FIL, AAVE, CAKE, INJ, NEAR, AXS, ACH, SKL, GRT, 1INCH, CELO, TRU, API3, AUCTION, ALICE, ICP, SHIB, LQTY, MASK, JUP, PUNDIX, CVX, STRK, JASMY, ILV, RAY, TON, PENDLE, GALA, LDO, YGG, RARE, MON, DYDX, FLOKI, ENS, APE, ERA, WLD, BONK, BLUR, PEPE, SUI, TURBO, ARKM, SEI, PYTH, JTO, ONDO, WIF, ETHFI, ENA, W, MEW, MOG, POPCAT, VIRTUAL, DRIFT, RENDER, IO, ATH, EIGEN, MOODENG, PNUT, GRASS, SYRUP, MORPHO, CHILLGUY, FARTCOIN, PENGU, S, PLUME, BERA, SPK, PROVE, TOWNS, WLFI, XPL\" title=\"\" data-original-title=\"\"><\/span><\/span><\/div><\/td><td class=\"comparison-table__feature\n                     data-row                     \n                                                                                                                        rounded-bottom-left\n                                                            rounded-bottom-right\n                                                                                                                                                                                                  border-bottom\n                                                                                                                                                     sorter-false\" data-sortvalue=\"Cryptocurrency,Debit card,Interac e-Transfer,Wire transfer,Linked bank account,Bank transfer (Direct Deposit),Online wallet\" data-column-index=\"4\" data-decorator=\"text,global.value.list\"><div class=\"comparison-table__cellWrapper js-calculator-table-value\n                                                            \" data-heading=\"Deposit methods\">\n                        Cryptocurrency,           Debit card,           Interac e-Transfer,           Wire transfer,           Linked bank account,           Bank transfer (Direct Deposit),          Online wallet\n                                          <\/div><\/td><td class=\"comparison-table__feature comparison-table__cta coa-data cta-column-count-4 \"><div class=\"comparison-table__cellWrapper\"><a aria-hidden=\"false\" data-product-id=\"608f4c78-f640-41c8-bb05-a236720be51f\" data-product-name=\"Wealthsimple Crypto\" data-niche=\"Cryptocurrency\" data-provider-name=\"Wealthsimple\" data-rewards-campaign-name=\"\" target=\"_blank\" rel=\"sponsored\" href=\"https:\/\/www.finder.com\/redirect\/gx\/cryptocurrency\/wealthsimple-ca-secure.html?nb=1&amp;src_country=ca&amp;redirect_tracking_params=%7B%22placement_type%22%3A%22table%22%2C%22site%22%3A%22GXFCY%22%2C%22fieldset%22%3A%22exchanges%22%2C%22template%22%3A%22comparison%22%2C%22category_id%22%3A%22825f45a6-7675-4738-bcf6-19751fc98890%22%2C%22category_name%22%3A%22Branded%2BContent%2BWS%2B-%2BCA%22%2C%22is_sorted%22%3A%220%22%2C%22is_filtered%22%3A%220%22%2C%22cta_render_ts%22%3A%221778354181%22%2C%22position%22%3A%221%22%2C%22product_name%22%3A%22Wealthsimple%2BCrypto%22%2C%22product_id%22%3A%22608f4c78-f640-41c8-bb05-a236720be51f%22%2C%22offer_id%22%3A%2227029%22%2C%22post_id%22%3A%22983126%22%2C%22post_path%22%3A%22news%252Fcrypto-faq%22%2C%22post_country%22%3A%22ca%22%7D\" class=\" luna-button luna-button--success luna-button--medium has-margin-bottom-xsmall button--cta\" title=\"Go to the Wealthsimple website to learn more about this product\">    Go to site  <\/a><p class=\"disclaimer-text disclaimer-text__right\">    Capital at risk  <\/p><a href=\"https:\/\/www.finder.com\/ca\/cryptocurrency\/exchanges\/wealthsimple-crypto-review\" class=\"js-comparison-table__view-details-button comparison-table__view-details-button\" title=\"Further details about the Wealthsimple Crypto\"><svg class=\"luna-icon\"><use href=\"#info\"><\/use><\/svg><span>More info<\/span><\/a><div class=\"luna-form__selection comparison-table__compareField\"><fieldset><legend class=\"compare-box__legend\">Compare product selection<\/legend><input class=\"luna-checkbox\" type=\"checkbox\" id=\"compare-product-0000000002-608f4c78-f640-41c8-bb05-a236720be51f\" value=\"608f4c78-f640-41c8-bb05-a236720be51f\" name=\"productID\" _productname=\" 8.7Great                            Wealthsimple CryptoFinder Award            \" _productimg=\"\/product\/\" data-custom-event-active=\"true\" data-component-id=\"1004\" data-component-version=\"1\" data-component-props='{\"finderScore\":8.7,\"badges\":[\"finder_awards\"],\"productId\":\"608f4c78-f640-41c8-bb05-a236720be51f\"}'><label class=\"luna-label\" for=\"compare-product-0000000002-608f4c78-f640-41c8-bb05-a236720be51f\">Compare<\/label><\/fieldset><\/div><\/div><\/td><td class=\"comparison-table__expander js-comparison-table__expander hide sidepeek-modal-slider\" aria-hidden=\"true\"><div class=\"sidepeek-modal-slider__overlay\"><\/div><div class=\"sidepeek-modal-slider__content\"><div class=\"sidepeek-modal-slider__close-wrapper\"><button type=\"button\" class=\"sidepeek-modal-slider__close js-expander-trigger\" aria-label=\"Close modal\"><svg class=\"luna-icon sidepeek-modal-slider__close-icon\"><use href=\"#x\"><\/use><\/svg><\/button><\/div><div class=\"comparison-table__cellWrapper\"><div class=\"comparison-table__expander--fetching center-over\"><div class=\"relativeloading-pulse__box loading-pulse__box-notext\"><span class=\"loading-pulse 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loyalty-rewards--container\" data-niche=\"GXFCY\" data-rewards-component=\"compare-products\"><\/div><div class=\"finder-score-methodology\"><h3 data-toc=\"false\" id=\"finder-score-methodology\">Finder Score for crypto exchanges<\/h3>\n\n<p>To make comparing even easier we came up with the <a href=\"https:\/\/www.finder.com\/ca\/finder-score\">Finder Score<\/a>. Supported coins, account fees and features across 28 cryptocurrency trading platforms are all weighted and scaled to produce a score out of 10. The higher the score, the better the exchange\u2014simple.<\/p>\n\n<p style=\"text-align: center;\"><a class=\"luna-button luna-button--primary\" href=\"https:\/\/www.finder.com\/ca\/cryptocurrency\/exchanges\/crypto-exchange-ratings-methodology\">Read the full methodology<\/a><\/p><\/div>\n    <\/div>\n<\/div>\n    <\/div>\n<p><a class=\"luna-button luna-button--primary luna-button--ghost luna-button--fluid\" href=\"https:\/\/www.finder.com\/ca\/cryptocurrency\/exchanges\" target=\"_blank\" rel=\"noopener noreferrer\">Compare other cryptocurrency exchanges here<\/a><\/p><div class=\"cryptoDisclaimer luna-card luna-card--alt\">\n    <div class=\"luna-card__block\">\n                    <b>Disclaimer:<\/b>\n            This information should not be interpreted as an endorsement of cryptocurrency or any specific provider,\n            service or offering. It is not a recommendation to trade. Cryptocurrencies are speculative, complex and\n            involve significant risks \u2013 they are highly volatile and sensitive to secondary activity. Performance\n            is unpredictable and past performance is no guarantee of future performance. Consider your own\n            circumstances, and obtain your own advice, before relying on this information. You should also verify\n            the nature of any product or service (including its legal status and relevant regulatory requirements)\n            and consult the relevant Regulators' websites before making any decision. Finder, or the author, may\n            have holdings in the cryptocurrencies discussed.\n            <\/div>\n<\/div>\n<h5>Sponsor video<\/h5><div class=\"fin-video fin-video--horizontal\" data-player-type=\"youtube\" data-video-id=\"PkEdyzEFHPs\" style=\"\">\n    <div class=\"fin-video__container\">\n                    <img decoding=\"async\" class=\"fin-video__thumbnail\" src=\"https:\/\/img.youtube.com\/vi\/PkEdyzEFHPs\/maxresdefault.jpg\" data-fallback-sd=\"https:\/\/img.youtube.com\/vi\/PkEdyzEFHPs\/sddefault.jpg\" data-fallback-hq=\"https:\/\/img.youtube.com\/vi\/PkEdyzEFHPs\/hqdefault.jpg\" alt=\"\" loading=\"lazy\">\n                            <div class=\"fin-video__duration\">1:01<\/div>\n                        <div class=\"fin-video__play-btn\" role=\"button\" aria-label=\"Play video\"><\/div>\n                <iframe allow=\"autoplay\" class=\"fin-video__player\" id=\"ytPlayer-PkEdyzEFHPs\" title=\"Video player\"><\/iframe>\n    <\/div>\n        <\/div>","protected":false},"excerpt":{"rendered":"<p>SPONSORED: These 5 crypto FAQs from Wealthsimple will help you understand cryptocurrencies and their place in your portfolio.<\/p>\n","protected":false},"author":1203,"featured_media":983129,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"apple_news_api_created_at":"","apple_news_api_id":"","apple_news_api_modified_at":"","apple_news_api_revision":"","apple_news_api_share_url":"","apple_news_cover_media_provider":"image","apple_news_coverimage":0,"apple_news_coverimage_caption":"","apple_news_cover_video_id":0,"apple_news_cover_video_url":"","apple_news_cover_embedwebvideo_url":"","apple_news_is_hidden":"","apple_news_is_paid":"","apple_news_is_preview":"","apple_news_is_sponsored":"","apple_news_maturity_rating":"","apple_news_metadata":"\"\"","apple_news_pullquote":"","apple_news_pullquote_position":"","apple_news_slug":"","apple_news_sections":[],"apple_news_suppress_video_url":false,"apple_news_use_image_component":false,"footnotes":""},"categories":[351],"tags":[106865,106944],"asset_tag":[],"class_list":["post-983126","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-branded-content","tag-xyz-sponsored-1"],"apple_news_notices":[],"yoast_head":"<!-- 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