CryptoChieftainGuard
Sat Jun 08 2024
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5 answers
849
How much crypto can I buy in Canada?｜For all other crypto, you can invest a combined total of . This is a net purchase limit, meaning that purchases of crypto assets deplete your limit, and sales of crypto assets replenish your limit.$30,000 in a 12-month period
Could you please elaborate on the crypto purchase limit in Canada? It's mentioned that for various cryptocurrencies, an individual can invest up to a combined total of $30,000 within a 12-month period. I'm curious to know, does this limit apply to each type of crypto separately, or is it a collective limit for all crypto investments combined? Additionally, how does the net purchase limit work? Does it mean that if I purchase crypto, it depletes my limit, and if I sell crypto, it replenishes my limit? Could you provide more clarity on these points?
