{"id":90011,"date":"2022-02-18T16:34:45","date_gmt":"2022-02-18T21:34:45","guid":{"rendered":"https:\/\/env-hardbacon-dev.kinsta.cloud\/?p=90011"},"modified":"2022-03-15T16:58:38","modified_gmt":"2022-03-15T20:58:38","slug":"bitvo-cryptocurrency-exchange-platform-review","status":"publish","type":"post","link":"https:\/\/env-hardbacon-dev.kinsta.cloud\/en\/cryptocurrency\/bitvo-cryptocurrency-exchange-platform-review\/","title":{"rendered":"Bitvo Cryptocurrency Exchange Platform Review"},"content":{"rendered":"

Financial technology is redefining what financial freedom means for The Great White North. Crypto companies like<\/span> Bitvo<\/span><\/a>, have become some of the most influential players in this space. They\u2019re advocating for the kind of meaningful change that actually puts power and wealth back in the hands of everyday people. But in true Canadian fashion, they\u2019re doing it without a lot of pomp and circumstance. Case and point, <\/span>Bitvo<\/span><\/a> is the homegrown Calgary-based cryptocurrency exchange platform you probably haven\u2019t heard of. So allow us to introduce you to a crypto company committed to <\/span>making the digital asset market safe<\/span><\/a> and accessible for everyone. Let\u2019s talk about <\/span>Bitvo<\/span><\/a> and what to expect from this by-Canadians-for-Canadians platform.\u00a0<\/span><\/p>\n

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Behind the Bitvo platform\u00a0\u00a0<\/span><\/h2>\n

Launched in the summer of 2018, <\/span>Bitvo<\/span><\/a> hit the Canadian market on a mission to make crypto trading as accessible and painless as possible. In less than 2 years, <\/span>Bitvo<\/span><\/a> was making international waves. In January 2020, they ranked among the top 10 of the 50 best <\/span>cryptocurrency exchange platforms<\/span><\/a> in the world by HackerNoon, a leading online tech publication. At the time, <\/span>Bitvo<\/span><\/a> was the highest-ranked Canadian platform on the list.\u00a0<\/span><\/p>\n

But that didn\u2019t happen by accident. The driving force behind <\/span>Bitvo\u2019s<\/span><\/a> success is a stellar team of experienced professionals. President and CEO, Pamela L. Draper, brings 14 years of experience in corporate banking and investment services. Working for heavyweights like BMO Capital Markets and Pateno Payments Inc, Draper understands financial markets and the payments industry like the back of her hand.\u00a0<\/span><\/p>\n

By her side is CFO and COO, Brenda L. Krause, a Chartered Professional Accountant (CPA) and a Certified Management Accountant (CMA). To the table, Krause brings over 20 years of experience working for institutions like Digital Commerce Bank (DCBank) and Pateno Payments Inc. She specializes in areas such as risk management, financial modelling and analysis, compliance, as well as strategic, financial, and operational leadership for businesses at home and abroad. And that's just the tip of the iceberg.\u00a0<\/span><\/p>\n

So, if you\u2019re wondering if <\/span>Bitvo<\/span><\/a> is legit, I think we can put that speculation to rest. <\/span>Bitvo<\/span><\/a> has some of the smartest people in the industry hustling hard to normalize crypto for Canadians. It\u2019s safe to say, they know what they\u2019re doing. With two powerhouse women leading the company, the future of crypto is female and I am here for it.\u00a0<\/span><\/p>\n

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What to expect from the Bitvo platform\u00a0\u00a0<\/span><\/h2>\n

There are a couple of features of the <\/span>Bitvo<\/span><\/a> platform that make it stand out. As mentioned before, the killer corporate team alone is enough to make me say, \u201ctake my money.\u201d Their combined experience is a value proposition in and of itself. <\/span>Bitvo<\/span><\/a> is also one of the exceedingly few exchanges to offer a Canadian Dollar-backed stable coin. Here are some other features that make Bitvo one of the fastest ways to buy crypto:\u00a0<\/span><\/p>\n

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The Bitvo Guarantee<\/span><\/h3>\n

Bitvo<\/span><\/a> offers a same-day guarantee. They promise to verify and register your account the same day you sign-up. This might seem like a no-brainer but bigger, more well-known exchanges have been known to take days to verify a new user account. I would know, it's happened to me. They also promise same-day processing for deposits and withdrawals as well as instant access to live customer support any time of the day or night. Should they break their promise, they\u2019ll credit your account for the withdrawal fee to a maximum of $300.\u00a0<\/span><\/p>\n

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Transparent pricing<\/span><\/h3>\n

The <\/span>Bitvo<\/span><\/a> pricing model is easily accessible on the website. Visit the Fees tab at the top of the homepage. <\/span>Bitvo<\/span><\/a> offers<\/span> zero-commission trading.<\/span><\/a> Instead, there is a spread that fluctuates according to market conditions and is built into the cost of the trade. It typically ranges between 0.5 and 1% of the trade value. To see the estimated spread, use <\/span>Bitvo\u2019s<\/span><\/a> Advanced TradingView feature. You can also find the pricing policy for all their other services in the Fees section as well. Most <\/span>Bitvo<\/span><\/a> transactions use a 1% fee structure. Deposits are free but withdrawals can be pricey. Withdrawals of fiat or crypto out of your<\/span> Bitvo<\/span><\/a> account are charged 1% or a flat $15 fee, whichever is greater.\u00a0\u00a0<\/span><\/p>\n

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Bitvo Cash Card<\/span><\/h3>\n

Bitvo<\/span><\/a> is one of a few cryptocurrency exchanges to offer a cash card. With the <\/span>Bitvo<\/span><\/a> prepaid Visa card, you can instantly access the Canadian cash in your <\/span>Bitvo<\/span><\/a> account through any ATM. The card can also be used for purchases anywhere that Visa and Plus are accepted.\u00a0 You can order the card for $10, or get it free if you fund your<\/span> Bitvo<\/span><\/a> account with $25,000 or more within a 12-month period. There is no activation or monthly fee. Purchases and automated teller machine (ATM) withdrawals cost $1 per transaction plus a 1% withdrawal fee. The foreign currency conversion fee per transaction is $1 plus 3%\u00a0 in addition to the 1% withdrawal fee, for a total of $1 plus 4%.\u00a0<\/span><\/p>\n

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Accessibility\u00a0<\/span><\/h3>\n

The<\/span> Bitvo<\/span><\/a> app is available in both the App Store and on Google Play so you can trade on the go. You can also access<\/span> Bitvo<\/span><\/a> through your desktop. The platform is crisp, clean and easy to navigate. For new crypto traders, the layout is intuitive and you\u2019ll have no problem accessing the features you need. The Advanced Trading tab, located at the top of your dashboard, opens to a more sophisticated interface. Here, you can see the order book, access the price charts and other features like limit orders and stop losses. Again, the layout is simple and easy to navigate which makes more advanced trading accessible to users regardless of experience level.\u00a0<\/span><\/p>\n

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Available cryptocurrencies<\/span><\/h3>\n

Bitvo<\/span><\/a> currently offers 11 of the most popular cryptocurrencies, a very modest selection compared to the competition. Coins available on the platform include:\u00a0<\/span><\/p>\n

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