Ted Lee — Freedom Through Knowledge

🇨🇦 Bitcoin Education — Canada

Bitcoin Education
for Seniors

Clear, honest, plain-language Bitcoin education written especially for Canadians who are new to digital money.

"If you don't believe me or don't get it, I don't have time to try to convince you, sorry." — Satoshi Nakamoto, creator of Bitcoin
No Financial Advice Plain Language Canadian Focus Free PDF Included

⚠ Please Read First

Important Disclaimer

⛔ This Is Not Financial, Legal, or Tax Advice

Everything on this website is for education and general information only. Nothing here should be taken as advice to buy, sell, or hold Bitcoin or any other asset.

  • It is not financial advice.
  • It is not legal advice.
  • It is not tax advice.
  • It is not investment advice of any kind.

Always do your own research and speak with a licensed professional before making any financial decisions.

💡 Note on Referral Links

Some links on this page are referral links. If you sign up through one, Ted Lee may receive a small reward such as points or fee credits. This does not affect the price you pay, and it does not mean you should buy Bitcoin. Using a referral link simply helps support this free educational site.

The Basics

What Is Bitcoin?

Bitcoin is a form of digital money that exists on the internet. Unlike Canadian dollars or euros, no government or bank controls it. Instead, thousands of computers around the world keep a shared record of every transaction — this shared record is called the blockchain.

A few important facts to know:

  • There will only ever be 21 million Bitcoin — it cannot be printed like paper money.
  • You can send Bitcoin to anyone in the world, 24 hours a day, 7 days a week, without a bank.
  • Bitcoin is highly volatile — its price rises and falls dramatically, sometimes by 50% or more in months.
  • It is legal in Canada but not insured by CDIC like a bank account.
  • You are responsible for your own security — there is no bank to call if something goes wrong.
⚠ Bitcoin Is Risky — Please Read This Carefully

Bitcoin's price can drop 50% or more in a matter of months. It has also recovered strongly after major drops historically — but there are absolutely no guarantees of any return. It is possible to lose everything you put in. Never invest money you cannot afford to lose completely, including money set aside for rent, food, medical care, or other necessities.

✅ Learning About Bitcoin Is Not the Same as Buying It

Reading and understanding how Bitcoin works is valuable on its own. You do not need to buy anything to benefit from this education.

📺 Video Education

Watch & Learn

This video provides a straightforward introduction to Bitcoin — ideal for anyone who is new to the topic and prefers to learn by watching rather than reading.

Bitcoin Explained for Beginners

Educational video — watch before making any decisions
Disclaimer: This video is shared for educational purposes only. It does not constitute financial advice and Ted Lee does not endorse any specific investment action described within it.
Watch on YouTube →

Free Resource

Download the Free PDF Presentation

Ted has prepared a simple slide presentation designed especially for seniors. It is easy to read and can be printed or viewed on a tablet, phone, or computer. It is completely free.

📄 Download the Free PDF Presentation

Opens in a new tab. Free to download and share with friends and family.

On This Site

Topics Covered at BTC.TedLee.ca

These are the subjects you can explore on this site. Each topic has its own page with plain-language explanations. You can read them in any order.

What Is Money?
What Is Fiat Currency?
History of Bitcoin
How Bitcoin Works (Blockchain)
Bitcoin Ecosystem
How to Get Started
Dollar-Cost Averaging (DCA)
12 vs 24 Seed Words
Bitcoin & the OSI Model
Gold vs BTC vs S&P 500
How Bitcoin Could Fail
Orange Washing (Fake Bitcoin)
Rehypothecation of Bitcoin
Blacklisting Your Bitcoin
Break the Audit Trail
What & How to Use PayNym
Fake BIP39 Words Generator
Dice Rolls (Entropy)
Bitcoin Bans Around the World
Avoid Double Taxation on BTC
Exchanges That Lost Client Coins
Bitcoin Is Hope
Gresham's Law Explained
Why Bitcoin?

For Beginners

How to Get Started Safely

If you decide — after your own research and consultation with a financial professional — that you want to explore Bitcoin, here is a careful step-by-step approach that many beginners follow.

1
Educate yourself first

Read the free PDF and explore the topic pages on this site before spending a single dollar. Watch the video above. Talk to someone you trust. Understanding what you are getting into is the most important step.

2
Speak to a tax professional

In Canada, buying and selling Bitcoin has tax implications under the Income Tax Act. The CRA treats Bitcoin as a commodity, not currency. Capital gains may apply when you sell. Speak to an accountant before you start, and keep a written record of every transaction including dates and amounts paid.

3
Start very small

Many services let you buy as little as $10 worth. If you decide to start, use only a small amount — money you could lose completely without it affecting your life. Never use funds set aside for rent, groceries, medication, or your emergency fund.

4
Consider Dollar-Cost Averaging (DCA)

Instead of buying all at once, many people buy a small, fixed amount on a regular schedule — for example, $25 every two weeks. This approach reduces the risk of putting all your money in at the highest price. See the DCA page on this site for more detail.

5
Use a reputable Canadian exchange

Look for a regulated, Canadian-based service. See the "Where to Buy" section below. Avoid unknown apps, websites, or services promoted through social media, cold calls, or text messages — these are very common scam vectors targeting seniors.

6
Learn about wallets and seed words

If you ever hold a significant amount, you should store it safely off an exchange in your own wallet. Your "seed phrase" — a list of 12 or 24 words — is the master key to your Bitcoin. Write it on paper and store it in a safe place. Never photograph it or store it digitally.

7
Never share your seed words — with anyone

Not a family member, not a support agent, not a website, not someone who calls claiming to be from a government agency or the exchange. Anyone who asks for your seed words is attempting to steal your Bitcoin. No legitimate service will ever ask for them.

8
Watch for scams targeting seniors

Common scams include: unsolicited investment advice by phone or email, "Bitcoin recovery" services claiming to retrieve lost funds, romance scams involving Bitcoin, fake government notices demanding payment in Bitcoin, and fake exchange websites. If something feels wrong, it almost certainly is. Contact the Canadian Anti-Fraud Centre at 1-888-495-8501.

🚨 Senior Scam Warning

Seniors are disproportionately targeted by Bitcoin-related fraud. Bitcoin payments are irreversible — once sent, they cannot be recovered. No legitimate government agency, Microsoft support representative, CRA officer, or investment advisor will ever demand payment in Bitcoin. Hang up and call a trusted family member or the Canadian Anti-Fraud Centre.

Referral Links — Disclosure Required

Where to Buy Bitcoin in Canada

📢 Referral Disclosure

The services below include referral links. If you sign up through one, Ted Lee may receive a small reward. This does not affect the price you pay. These are simply options for people who have already decided to explore Bitcoin after doing their own research and consulting a professional.

🐂 Bull Bitcoin

Bitcoin-only · Canada, Europe, Mexico, Costa Rica, Argentina, Colombia

Bull Bitcoin is a Bitcoin-only exchange — they do not sell other cryptocurrencies. They are Canadian-founded and well-regarded in the Bitcoin community for staying focused on Bitcoin rather than speculative altcoins.

Your referral code: btc_vancouver

Step-by-step instructions:

1

Click the green "Sign Up" button above. A new browser tab will open.

2

Enter your email address and choose a strong password. Use a password you don't use anywhere else.

3

Check that the referral code btc_vancouver appears on the form.

4

Complete registration and follow the on-screen steps to verify your identity (required by Canadian law for all exchanges).

If the referral code does not appear automatically, paste this link directly into your browser:

https://app.bullbitcoin.com/registration/btc_vancouver

💧 Bitcoin Well

Bitcoin-only · Non-custodial · Canada & United States

Bitcoin Well is a Canadian-founded, Bitcoin-only platform. It is non-custodial — meaning they send Bitcoin directly to your personal wallet rather than holding it for you. This is considered a safer approach for those who understand self-custody. Earn 500 points per referral.

Your referral code: ve7lee

Step-by-step instructions:

1

Click the green "Sign Up" button above. A new browser tab will open.

2

Enter your email address and choose a strong, unique password.

3

Check the box confirming you have a referral code, then enter ve7lee.

4

Complete registration and follow the on-screen steps to verify your identity.

If the referral code does not appear automatically, paste this link directly into your browser:

https://bitcoinwell.com/referral/ve7lee

🍁 Maple Bitcoin School

A Canadian Bitcoin education community hosted on the Skool platform. Join to deepen your understanding through courses, discussions, and a supportive community of like-minded learners. A free trial period may be available.

Join Maple Bitcoin School →

If the referral doesn't appear automatically, use this link:
https://www.skool.com/maplebitcoin/about?ref=fe87c0c46c0e412aa2a6397f5e3c2d5a

Further Education

Learn More — Free Resources

My First Bitcoin

My First Bitcoin is a non-profit Bitcoin education organisation based in El Salvador. Their materials are free, available in many languages, and written for complete beginners. They have no financial interest in whether you buy Bitcoin.

Visit myfirstbitcoin.io →

More Pages on This Site

Explore additional topics covered on BTC.TedLee.ca — all free, all plain language.

Fiat Currency → Dollar-Cost Averaging → Getting Started in Canada → Exchanges That Lost Coins → Blacklisting Warning →
✅ Disclosure of Affiliations

Ted Lee is not an employee, contractor, or shareholder of Bull Bitcoin, Bitcoin Well, Maple Bitcoin School, or My First Bitcoin. Referral relationships are disclosed as required by Canadian guidelines. This site carries no paid advertising and does not sell your personal data.

Transparency

Sources & References

This page is based on the following sources. All external links open in a new tab.