Easy Guide to Buying Crypto in Canada has captured the attention of investors around the world. But before you invest, make sure you know the risks involved in this complex asset class.

Canada regulates cryptocurrencies the same way it does securities, so you’ll need to familiarize yourself with the rules before investing. This overview of the country’s securities laws from our sister publication, Lexpert, is a good starting point.

Simplified Guide to Purchasing Crypto in Canada

Once you’re familiar with the law, it’s time to find a place to buy crypto. There are several Canadian-based exchanges and digital wallets that let you buy coins. Be sure to evaluate them based on their features, pricing, and the number of cryptocurrencies they support. For example, Coinbase offers a non-custodial wallet that lets you store thousands of different cryptocurrencies.

Another option is to use a centralized exchange that lets you trade the most popular cryptos (like Bitcoin and Ethereum). But before you sign up, check the exchange’s reputation on third-party review sites. And remember that cryptocurrency exchanges charge fees, so be aware of them when evaluating pricing and terms.

Finally, you can also opt for a brokerage that lets you trade stocks and crypto, but it’ll require you to provide personal details like your ID and Social Insurance Number. It’s not anonymous by any means, but it’s a convenient route for some investors.