Can I Short Crypto in Canada?

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Can I Short Crypto in Canada?

Over the past year i’ve been really taking trading seriously and have been taking the steps involved in learning how to professionally trade. Currently i’ve been working my way into finally live trading with very small amount of money ($2 trades to be exact) to learn how different your mind reacts to trading once things are happening in a live market.

I’ve been learning on BTC charts, brought that system to living trading with BTC on Kraken Pro as it seemed like one of the better options for trading in Ontario Canada. about a month ago i came up on my first shorting opportunity but i was unable to place it. looked all over online to find a solution and i don’t really have a clear answer. In Canada i seem to be able to short crypto according to the law, but every exchanged i’ve looked up doesn’t seem to let you do that unless you open a “margin account”, looking into that it seems quite difficult to obtain for people with lower bank accounts.

Looking for people who are frequent traders in Canada and have a solution to my problem

Bianka Travis Answered question September 16, 2024
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Have you tried defi? I’m using BCHbull to short BCH sometimes.

Unfortunately, I can’t tell you anything about legal aspects as I’m not from Canada and I’m not a lawyer.

Bianka Travis Edited answer September 16, 2024
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