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.
Always do your own research and speak with a licensed professional before making any financial decisions.
💡 A 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). Using a referral link does not mean you should buy Bitcoin — it 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 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.
- It is legal in Canada but not insured like a bank account.
⚠ Bitcoin Is Risky
Bitcoin's price can drop 50% or more in a short time. It has also recovered strongly after big drops — but there are no guarantees. Never invest money you cannot afford to lose completely.
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 PDF PresentationOpens in a new tab. Free to download and share with friends and family.
On This Site
Topics Covered
These are the subjects you can explore on BTC.TedLee.ca. Each topic has its own page with plain-language explanations.
📚 Learning About Bitcoin Is Not the Same as Buying It
Reading about these topics does not mean you should buy Bitcoin. Understanding the risks and the technology is simply good practice — like reading the manual before using a new appliance.
For Beginners
How to Get Started Safely
If you decide — after your own research — that you want to explore Bitcoin, here is a safe, step-by-step approach that many beginners follow:
- Educate yourself first. Read the free PDF and explore the topic pages on this site before spending a single dollar.
- Start very small. Many services let you buy as little as $10 worth. Never put in money you cannot afford to lose entirely.
- Use Dollar-Cost Averaging (DCA). Instead of buying all at once, buy a small, fixed amount on a regular schedule — for example, $25 every two weeks. This reduces the risk of buying at the worst possible moment.
- Use a reputable Canadian exchange. Look for a regulated, Canadian-based service. See the "Where to Buy" section below. Avoid unknown apps or websites promoted on social media.
- Learn about wallets and seed words. If you ever hold a significant amount, you will want to store it safely off an exchange. The "12 vs 24 Seed Words" topic page explains this.
- Never share your seed words with anyone — ever. Not a family member, not a support agent, not a website. Anyone who asks for your seed words is trying to steal your Bitcoin.
- Talk to a tax professional. In Canada, buying and selling Bitcoin has tax implications. Keep a written record of every transaction, including dates and amounts.
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, and it does not mean you should buy Bitcoin. These are simply options for people who have already decided to explore further after doing their own research.
🇨🇦 Bull Bitcoin
Available in: Canada, Europe, Mexico, Costa Rica, Argentina, and Colombia.
Bull Bitcoin is a Bitcoin-only exchange — they do not sell other cryptocurrencies. Many Bitcoin educators recommend Bitcoin-only services because they stay focused on the core asset and are not distracted by speculative altcoins.
Your referral code: btc_vancouver
Sign Up with Bull Bitcoin →Step-by-step instructions:
- Click the green "Sign Up" button above. A new tab will open.
- Enter your email address and choose a strong password.
- Check that the referral code btc_vancouver appears on the form.
- Complete registration and follow the on-screen steps to verify your identity (required by Canadian law).
If the referral code does not appear automatically, copy and paste this full link into your browser:
https://app.bullbitcoin.com/registration/btc_vancouver🇨🇦🇺🇸 Bitcoin Well
Available in: Canada and the United States.
Bitcoin Well offers a non-custodial service — 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.
Your referral code: ve7lee
Sign Up with Bitcoin Well →Step-by-step instructions:
- Click the green "Sign Up" button above. A new tab will open.
- Enter your email address and choose a strong password.
- Check the box confirming you have a referral code, then type ve7lee.
- Complete registration and follow the on-screen steps to verify your identity.
If the referral code does not appear automatically, copy and paste this full link 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.
Sign Up — Maple Bitcoin School →Step-by-step instructions:
- Click the green "Sign Up" button above. A new tab will open.
- Enter your email address and choose a strong password.
- Confirm that "Ted Lee invited you" appears on the signup form.
- Complete registration to qualify for any current free trial offer.
If the referral does not appear, copy and paste this full link into your browser:
https://www.skool.com/maplebitcoin/about?ref=fe87c0c46c0e412aa2a6397f5e3c2d5aFurther 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 →Bitcoin & the OSI Model
For those with a technical or networking background, the OSI Model page on this site explains how Bitcoin maps onto the seven-layer networking model that underlies the internet. See the site navigation for the link.
Transparency
Sources & References
This page is based on the following sources. All external links open in a new tab.
- Primary source — Ted Lee's Bitcoin education site https://btc.tedlee.ca
- Free PDF slide presentation Bitcoin Education for Seniors — PDF (btc.tedlee.ca)
- Canadian Bitcoin-only exchange (referral link) Bull Bitcoin — bullbitcoin.com
- Canadian / US non-custodial Bitcoin service (referral link) Bitcoin Well — bitcoinwell.com
- Canadian Bitcoin education community (referral link) Maple Bitcoin School — skool.com/maplebitcoin
- Non-profit Bitcoin education (international, no affiliation) My First Bitcoin — myfirstbitcoin.io
- Main TedLee.ca website TedLee.ca — Freedom Through Knowledge
✅ 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. This site carries no advertising and does not sell your personal data.