Bull Bitcoin NO-KYC Bitcoin Purchases Product Launch AMA @ 1PM to 2PM ET. \ stacker news ~bitcoin

Bull Bitcoin NO-KYC Bitcoin Purchases Product Launch AMA @ 1PM to 2PM ET.

8942 sats \ 28 comments \ @BullBitcoin_ 9 May 2023 bitcoin

Bull Bitcoin is proud to give Canadians a new option to buy Bitcoin without KYC. We will be holding an AMA session here on stacker.news today, May 9, at 1:00 PM Eastern Time.

Press release :

https://bitcoinmagazine.com/business/bull-bitcoin-launches-no-kyc-purchasing

Users can now purchase up to $999 CAD at any post office without providing personal identifying information.

Canadian Bitcoin exchange, Bull Bitcoin, has launched a new no-KYC (know-your-customer) service which enables users to buy bitcoin with cash or debit card. Users can go to any Canadian Post office, scan a QR code generated on the Bull Bitcoin website, and fund their account with cash or via debit card.

The funds are automatically added to the user's Bull Bitcoin account within a few minutes. Transactions of up to ~$745 ($999.99 CAD) can be made per transaction, with no KYC required. The exchange has a fee of 2% for no-KYC sats, the cheapest of any such service in Canada, according to a press release sent to Bitcoin Magazine, while Bull Bitcoin's on-chain withdrawals remain free.

About Bull Bitcoin

Bull Bitcoin is a Canada's most professional and trusted Bitcoin exchange service, founded by Francis Pouliot in 2015 in Montreal. Bull Bitcoin is a non-custodial Bitcoin exchange that allows the buying and selling of bitcoins onchain and with lightning.

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541 sats \ 1 reply \ @gnilma 9 May 2023

I have personally used the Canada Post payment for Kraken back when I was still new to bitcoin. My Kraken account was a KYC account and I have not use it for a year or two. However, when I did use the Canada Post deposit back then, it was fast and simple. You just tell the clerk that you want to pay whatever amount (the limit was $500CAD for Kraken) to your QR code, you let them scan the code and they take your money. The balance shows up in your account within minutes of paying Canada Post. The only draw back is the inconvenience of having to go to a Canada Post to pay in person, but that is an inconvenience I am willing to take.

I will be trying this out later today to see if it's the same experience with Bull Bitcoin. Excited to be able to stack non-KYC sats at market price with good liquidity!

100 sats \ 0 replies \ @gnilma 9 May 2023

I did end up going out and gave this a try. Overall great experience! I wrote about my experience in this post.

840 sats \ 3 replies \ @BITC0IN 9 May 2023

have you considered being a market maker for joinmarket coinjoins?

416 sats \ 2 replies \ @BullBitcoin_ OP 9 May 2023

We constantly follow the evolution of the various implementations of Chaumian Coinjoin and for the moment we consider that the solution developed by Wasabi is the best.

Joinmarket is not the best solution for us at the time being, but rest assured that we will always strive to be on the cutting edge when it comes to protecting the privacy of our users

100 sats \ 1 reply \ @BITC0IN 9 May 2023

well, I hope you guys play around with it and consider it as a secondary backup option at least.

thanks for doing Bitcoin right.

1 sat \ 0 replies \ @BullBitcoin_ OP 9 May 2023

We will never let up in our efforts to remain on the cutting edge.

579 sats \ 0 replies \ @BullBitcoin_ OP 9 May 2023

Go ahead with your questions fellow bitcoiners, we are available for the next hour.

1437 sats \ 1 reply \ @ncryppt 9 May 2023

Legends. Y'all are legends. See you guys tonight at Printemps Bitcoin in Quebec city ;)

40 sats \ 0 replies \ @BullBitcoin_ OP 9 May 2023

Sir, you have dropped this :crown:

154 sats \ 2 replies \ @grayruby 9 May 2023

Won't be around at that time. Is the Canada post payment feature available at all Canada post locations or just select ones?

633 sats \ 1 reply \ @BullBitcoin_ OP 9 May 2023

All Canada Post offices (10,000+ locations) offer this service. Simply present the QR code generated in your Bull Bitcoin user account to the Canada Post cashier who scans it as if it were a bar code.

100 sats \ 0 replies \ @grayruby 9 May 2023

thanks

22 sats \ 0 replies \ @BullBitcoin_ OP 9 May 2023

Thank you to everyone who joined the discussion this afternoon. We really enjoyed engaging in conversation with all of you and answering your questions. We are committed to increasing our presence on stacker.news, you are a great community and we love the platform.

100 sats \ 0 replies \ @go 9 May 2023

$999 transaction limit... $9,999 daily limit! REQUIREMENTS Name Email verified

Here's their page detailing the L-CAD system: https://lcad.bullbitcoin.com

100 sats \ 2 replies \ @kr 9 May 2023

curious about the impact of lightning payments at bull bitcoin.

can you share the percentage split of buying and selling done with on-chain payments vs lightning?

605 sats \ 1 reply \ @BullBitcoin_ OP 9 May 2023

For the moment, the use of lightning network is less than 5% of our users' transactions, from a volume standpoint. However, we have the capacity to respond to a much higher usage. We are proud to have integrated lightning more than two years ago and to offer our users the possibility to use it, especially in times of mempool congestion, as it is the case now.

100 sats \ 0 replies \ @kr 9 May 2023

nice, appreciate the transparency!

100 sats \ 3 replies \ @kr 9 May 2023

love this feature.

what is the path towards getting the $1,000 limit removed?

382 sats \ 2 replies \ @BullBitcoin_ OP 9 May 2023

The limit could eventually go as high as $3000 per transaction for fully verified (KYCd) accounts. However, we have chosen to launch the feature with a per transaction limit of $999.99 which allows us to both comply with current regulations and not have to request KYC from anyone using this funding method .

100 sats \ 1 reply \ @kr 9 May 2023

makes sense, do you think there is a feasible way to eliminate the current regulations in canada entirely?

308 sats \ 0 replies \ @BullBitcoin_ OP 9 May 2023

Unfortunately this is something we cannot control. Of course, we will always be the first to defend the privacy rights of Canadians, which we have always done with heart and dedication.

550 sats \ 0 replies \ @BITC0IN 24 Sep 2023

0 sats \ 0 replies \ @FEEeACH 24 Sep 2023

deleted by author

0 sats \ 1 reply \ @sime 9 May 2023

If I am travelling through Canada. Can I use this?

100 sats \ 0 replies \ @BITC0IN 10 May 2023

yep...

0 sats \ 1 reply \ @BlokchainB 9 May 2023

Wish it was this easy in the USA

50 sats \ 0 replies \ @nullama 9 May 2023

Yeah, maybe in the future?

In Switzerland you can do this in the train stations:

https://www.sbb.ch/en/station-services/at-the-station/services-from-the-ticket-machine/bitcoin.html

0 sats \ 0 replies \ @Jannostr 11 May 2023 freebie

Canadian here, will try and report back.