"Bits" are shorthand for one-millionth of a Bitcoin (1 Bit = 0.000001 ฿). It's becoming increasingly popular to use as the price of bitcoin rises and small transactions have numerous decimal places.
Also of note is that a "bit" is equivalent to 100 satoshi, which is the smallest unit of measurement of bitcoin on its blockchain, and is used to quote prices of transaction fees, and record transaction amounts on the blokchain.
It's hard to choose an exchange in Canada. There's not clear winner, and in fact the best solution is to use a few exchanges.
Hardware wallets are the only way to truly protect your crypto long-term. The best hardware wallet is the Ledger Nano X. Learn everything you need to know to get started using it.
Millions of people have lost money through exchanges being hacked. Learn how to keep your crypto safe.
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