Research: 28% of Canadian residents have already bought cryptocurrency

Nearly one in three Canadians have invested, according to research from fintech startup Hardbacon.funds into digital assets. However, most of the citizens are concerned about their investment in cryptocurrency, as only 5% of them consider it a safe tool.

So, 28% of respondents answered that alreadyacquired digital assets. Despite the high percentage, most Canadian residents do not consider investing in virtual currencies a safe strategy. 21% believe buying stocks is safer, and 65% believe government bonds are the safest option.

Interestingly, investments in the so-calledMeme stocks Cineplex, AMC and GameStop are a growing trend among Canadians, as 13.3% of participants reported diversifying their portfolio with them. This behavior has been demonstrated by investors aged 25 to 44.

However, Hardbacon believes that buying these shares can be quite risky, as their prices are often fueled by social media and therefore can be very volatile.

Another study found that residents of the second largest country by land area significantly increased interest in digital assets in the past year.

According to the data, for the last 12 months 20 783out of 100,000 Canadians googled the word "cryptocurrency". While this figure may sound small, it reflects a 213% increase in interest over the year. The United States, considered the most crypto-friendly country, lags behind with 14,796 similar queries in the world's largest search engine.

It is worth noting that Canada has a large number ofcryptocurrency ATMs - 1464, according to this indicator, the country is second only to the United States. It turns out that there is one cryptomat for every 26,265 people. Given the sheer size of the country, there is one such device for every 2.633 square miles.

Where is it more profitable to buy bitcoin? TOP-5 exchanges

For a safe and convenient purchase of cryptocurrencies with a minimum commission, we have prepared a rating of the most reliable and popular cryptocurrency exchanges that support deposits and withdrawals of funds inrubles, hryvnias, dollars and euros.

The reliability of the site is primarily determinedtrading volume and number of users. By all key metrics, the largest cryptocurrency exchange in the world is Binance. Binance is also the most popular crypto exchange in Russia and the CIS, since it has the largest cash turnover and supports transfers in rubles from bank cardsVisa / MasterCardand payment systemsQIWI, Advcash, Payeer.

Especially for beginners, we have prepared a detailed guide: How to buy bitcoin on a crypto exchange for rubles?

Rating of cryptocurrency exchanges:

#	Exchange:	Website:	Rating:
1	Binance (Editor's Choice)	https://binance.com	9.7
2	FTX	https://ftx.com	7.5
3	Bybit	https://bybit.com	7.2
4	OKEx	https://okex.com	7.1
5	Exmo	https://exmo.me	6.9

The criteria by which the rating is set in our rating of crypto-exchanges:

• Work reliability— stability of access to all functions of the platform, including uninterrupted trading, deposits and withdrawals of funds, as well as the duration of the market and daily trading volume.
• Commissions– the amount of commission for trading operations within the platform and withdrawal of assets.
• Platform capabilities- availability of additional features: futures, options, staking, NFT, etc.
• Feedback and support– we analyze user reviews and the quality of technical support.
• Convenience of the interface– we evaluate the functionality and intuitiveness of the interface, possible errors and failures when working with the exchange.
• final grade– the average number of points for all indicators determines the place in the ranking.

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