How to Buy Bitcoin & Crypto with KOHO

Can I Buy Bitcoin with KOHO?

Yes, KOHO users can buy Bitcoin and other cryptocurrencies by using a trusted exchange that accepts CAD deposits. Just make sure to choose a platform regulated by the Canadian Securities Administrators (CSA) and FINTRAC to ensure it’s secure.

These regulations help protect your investment, offering a safe environment to trade digital currencies with confidence.

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How to Buy Crypto with KOHO Card 

If you’re looking to invest in digital currencies through KOHO, we recommend using a regulated exchange like Kraken. It follows CSA regulations and allows quick, fee-free CAD deposits from your KOHO account.

Kraken offers access to over 200 cryptocurrencies for buying, selling, and staking at competitive rates. You can fund your Kraken account via debit or credit card, Interac e-Transfer, or wire transfer.

Here’s a simple guide to get you started:

1. Registration: Create an account on Kraken and complete the verification process.
2. Choose Your Currency: Select CAD as your deposit currency.
3. Deposit Funds: Use your KOHO Card to deposit funds through Interac e-Transfer or wire transfer.
4. Acquire Cryptocurrency: Choose the cryptocurrency you want to buy and complete your trade.

KOHO Cryptocurrency Policy 

KOHO lets users access the digital asset market through regulated exchanges, ensuring security and compliance under the Canadian Securities Administrators (CSA).

While KOHO doesn’t offer direct crypto trading, it supports deposits to exchanges like Kraken, which follow Canadian financial regulations. Kraken is registered with FINTRAC as a Money Services Business (MSB) under registration number M19343731.

By partnering with trusted exchanges like Kraken, KOHO provides a safe way for users to invest in digital currencies while staying within the boundaries of Canadian law.

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Digital Asset Investing Fees

For KOHO users looking to invest in digital assets, understanding the cost structure is key to maximizing your returns. Kraken offers competitive pricing that can significantly impact your profits. Here’s what you need to know:

• Trading Fees: Kraken uses a tiered pricing model, starting at 0.16% for initiating a trade and 0.26% for completing it. As your trading volume increases, these fees drop, boosting your potential returns.
• Funding Fees: Depositing cryptocurrency into your Kraken account is free. However, if you're depositing fiat currency, there may be a small fee depending on your payment method, such as credit cards or Interac e-Transfers.
• Withdrawal Fees: Kraken’s withdrawal fees are competitive and vary by asset. For example, withdrawing Bitcoin costs 0.0005 BTC, which is lower than many other platforms.

With Kraken’s low fees on trading, funding, and withdrawals, KOHO users can optimize their financial returns and confidently explore the crypto market.

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What is KOHO?

KOHO is a Canadian fintech company offering a simple way to manage your finances with its mobile app and reloadable Visa card. It helps you track spending in real-time, set savings goals, and budget effectively, all from one easy-to-use platform.

With no hidden fees, cashback rewards, and round-up savings, KOHO is designed to give you more control over your financial journey. It's a great alternative to traditional banking, focusing on transparency and helping users stay financially informed.

Though KOHO doesn’t offer direct crypto trading, it enables seamless transfers to regulated exchanges. This makes it an easy option for those looking to explore the world of digital assets, while still keeping control of their finances.

Best Alternative Crypto Exchanges for KOHO Users

Kraken is a go-to for many KOHO users, but it’s not the only solid option. If you’re exploring different platforms to trade or invest in crypto, here are a few others that pair well with CAD and KOHO-linked funding.

• Gemini: Gemini provides a secure, regulated platform for buying, selling, and storing digital assets. It supports CAD deposits and is ideal for KOHO users looking for a compliant, easy-to-use exchange.
• Binance: Known for its wide selection of cryptocurrencies and advanced trading features, Binance supports CAD deposits and offers low fees for trading and withdrawals, making it a strong alternative for KOHO users.
• Coinbase: A user-friendly platform, Coinbase offers a simple way to buy and store digital assets. It supports CAD deposits and is a good choice for beginners looking for an easy entry into crypto trading.

Whether you’re just starting out or ready to explore beyond the basics, each of these platforms gives KOHO users a safe, compliant way to get into crypto, in a way that fits your style.

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Final Thoughts

KOHO doesn’t offer direct cryptocurrency purchases, but it makes it easy for Canadian users to fund accounts on trusted, regulated exchanges like Kraken. This gives you a secure way to enter the world of crypto with a reliable, compliant platform.

Kraken, regulated by the Canadian Securities Administrators (CSA) and registered with FINTRAC (M19343731), is a solid choice for KOHO users. It’s known for its strong security and transparency, so you can feel confident about your investments.

What makes Kraken stand out is its fee-free CAD deposits and access to over 200 cryptocurrencies. This means you can get started with minimal costs and a wide range of options, making it an excellent fit for KOHO customers ready to dive into crypto.