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 :
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.
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!
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I did end up going out and gave this a try. Overall great experience! I wrote about my experience in this post.
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have you considered being a market maker for joinmarket coinjoins?
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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
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well, I hope you guys play around with it and consider it as a secondary backup option at least.
thanks for doing Bitcoin right.
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We will never let up in our efforts to remain on the cutting edge.
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Go ahead with your questions fellow bitcoiners, we are available for the next hour.
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Legends. Y'all are legends. See you guys tonight at Printemps Bitcoin in Quebec city ;)
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Sir, you have dropped this :crown:
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Won't be around at that time. Is the Canada post payment feature available at all Canada post locations or just select ones?
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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.
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thanks
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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.
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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
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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?
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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.
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100 sats \ 0 replies \ @kr 9 May 2023
nice, appreciate the transparency!
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100 sats \ 3 replies \ @kr 9 May 2023
love this feature.
what is the path towards getting the $1,000 limit removed?
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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 .
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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?
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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.
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sign up link and get $20 free http://mission.bullbitcoin.com/satoshi
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If I am travelling through Canada. Can I use this?
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yep...
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Wish it was this easy in the USA
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Yeah, maybe in the future?
In Switzerland you can do this in the train stations:
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Canadian here, will try and report back.
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