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Buying Bitcoin in Canada: Bull Bitcoin

Dec 6, 2019 | Cognition, Exchanges

Over-the-counter Bitcoin trading is a booming industry. Both smaller traders and wealthy individuals can take advantage of these offerings. Bull Bitcoin recently introduced its own OTC trading desk, which will be of great interest to Canadians. 

What is Bull Bitcoin?

Given how global Bitcoin is, it is not uncommon to see company names most people outside of a specific region have never heard of. Canada used to be a place where multiple top crypto exchanges competed for traction. That situation has changed a bit in recent years, although entities such as Bull Bitcoin are still making their presence felt.

The Canadian Bitcoin company lets users buy and spend Bitcoin, as well as purchase gift cards. One interesting option is how users can pay bills in Canada directly from this platform, courtesy of its Bylls integration. The company likes to position itself as the Canadian alternative to Coinbase and BitPay.

Another interesting tidbit is how the company has no interest in altcoins. They are self-professed Bitcoin maximalists, as well as cypherpunks.

Users can benefit from a non-custodial Bitcoin experience, streamlined buying process, and transparent fees. Verification of an account takes mere minutes, giving users quick and convenient access to Bitcoin. 

The Bull Bitcoin service is founded by Francis Pouliot and Dave Bradley, as they started the company back in 2015. 

The OTC Trading Desk

Not that long ago, the Bull Bitcoin team decided to not just cater to regular users. Instead, they want to provide an extra service to clients looking to trade CA%25,000 and more on a regular basis. Launching an OTC trading desk makes perfect sense, as the company already specializes in a personalized Bitcoin  experience. 

The OTC trading service is known as Bull Bitcoin Prime. Customers will deal with a human entity while conducting their transactions. This human-oriented approach is different from most other “sterile” OTC trading desks on the market. An extra benefit is how these employees can help traders with exclusive benefits and guide them through the entire process. 

Francis Pouliot, the co-founder of Bull Bitcoin, is Canada’s top Bitcoin expert. He personally supervises all activity passing through Bull Bitcoin Prime. The team has successfully completed tens of thousands of trades across Canada over the past few years. 

Clients willing to check out this service will need to fill in a small form. The service caters to one-time users or recurring clients alike. Monthly transaction volumes can even surpass over CA$1m, confirming the company is willing to go the extra mile for its clients. 

What are the Benefits?

The main benefits of this OTC service are how users will be given several features. The unlimited transaction limits are always an added bonus when moving larger amounts of Bitcoin around. Clients also receive 1 hour of free Bitcoin consultation, which is not something one would necessarily expect to receive from such a service. 

Other perks include priority transaction execution and settlement, dedicated phone support, dollar cost-averaging support, and custom payment arrangements. Considering how Bull Bitcoin boasts they have unlimited liquidity, their OTC service may gain a lot of traction in the years to come.

It also appears the company specializes in providing enhanced blockchain privacy. That factor can always come into play for OTC traders. As more blockchain analysis firms closely monitor the Bitcoin blockchain to link real identities to BTC transactions, one needs every bit of privacy one can get. 

Conclusion

Bull Bitcoin presents several strong arguments, both as a regular broker and as an OTC trading desk service provider. 

Their non-custodial approach is something all Canadian cryptocurrency enthusiasts can benefit from. They also appear more than willing to help novice clients with setting up their wallets, achieving privacy, and so forth. 

By catering to both regular users and institutional investors across Canada, Bull Bitcoin makes its market intentions very clear. They want to become the Bitcoin leader in the country, and this multi-pronged approach can go a long way toward achieving that goal. 

Images courtesy of their respective sources.

Fintoism is not providing financial or investment advice. All content published on this platform is for entertainment and educational purposes only.

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<a href="https://fintoism.com/author/oglock/" target="_self">JP Buntinx</a>

JP Buntinx

JP Buntinx is passionate about cryptocurrencies, fintech, blockchain, and finance. He currently resides in Belgium.

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