Bitcoin Hits $400 CAD on QuadrigaCX.com .
Here are some of the most popular bitcoin ATM locations in Downtown Vancouver:
Kanata Tech Computers – 1425 Marine Dr, West Vancouver
Steamrollers – 1195 Robson Street, Vancouver
Lost and Found Cafe – 33 W Hastings St, Vancouver
Waves Coffee House – 900 Howe Street, #100 Vancouver
If you know of any others feel free to comment and we’ll add them.
While most governments have been taking steps to regulate the bitcoin industry and others declaring a completely close-minded stance against digital currencies, Canada’s Senate decided to vote against bitcoin regulation. The Canadian Senate’s Banking, Trade and Commerce (BTC) committee released its findings last Friday and asked the federal government to use a “light touch” in dealing with digital currencies.
QuadrigaCX Bitcoin Exchange now lets you withdraw your cash to a virtual VISA card that can be used at pretty much any online merchant that accepts VISA as a payment method. Virtual VISA card withdrawals are issued in $25, $35, $50, $75, $100 and $200 denominations and you can withdraw as many as your balance permits.
This is a great option for those that:
1. Want to spend their earnings from bitcoin online but want to remain anonymous – as you don’t need to be verified with QuadrigaCX bitcoin exchange to withdraw Canadian or U.S. dollars.
2. Need to have credit card on file with a particular service but don’t want to use their own.
3. Want to test a product online but avoid re-billing
4. Would like to link it to a PayPal account
If there are some other benefits we have missed feel free to comment below and we’ll add them.
Satoshi Dice – Known for it’s ease of use and provably fair model with house edge of only 1.90%, SatoshiDice has become the most popular bitcoin gambling site within its industry.
To play Satoshi Dice, first deposit bitcoin by sending it to Your Personal Deposit Address. You need to wait until the transaction gets 1 confirmation before the balance becomes available to place your bet.
- Set the Bet Amount.
- Adjust the Profit on Win, Roll Under to Win, Win Chance, Payout or the bet slider. The remaining bet parameters will automatically updated and you will see which number you have to roll under in order to win.
- Click Roll Dice, and a number between 0 and 65535 will be rolled.
If you lost, the bet amount will be taken from your balance. If you win, the Profit on Win will be awarded to your balance. You can win up to 64,000 times your bet if there is enough bitcoin in the sites bank roll to support your bet. The house will allow a maximum of 1% of it’s bank roll to be waged per bet/roll. The max goes up or down periodically based on the win or loss history.
Satoshi Dice is the best Bitcoin game in existence. Follow the branding logo below to test your luck today!
You have several resources at your disposable to check the price of bitcoin in Canadian dollars. You can try looking on the individual Canadian dollar bitcoin exchanges like QuadrigaCX, CaVirtex, Taurus, CoinTrader and Morrex for the bid, ask and last price bitcoin was traded for on their orderbooks or if you want a total average value of bitcoin you can visit CBIX.ca, BitcoinAverage.com or even Preev.com.
CBIX.ca provides the average price of bitcoin across QuadrigaCX, CaVirtex, Taurus and CoinTrader bitcoin exchanges, plus some excellent features and tools — BitcoinAverage.com only gives you an average of QuadrigaCX, CoinTrader and LocalBitcoins.
Preev.com takes the average of several U.S. dollar bitcoin exchanges along with the USD to CAD exchange rate to give you an approximate price of bitcoin in Canadian Dollars.
Here are the links to each:
Here are some of the most popular bitcoin ATM locations in Downtown Toronto:
Project OWL – 20 Camden St, Toronto www.bitcoinatm.to
Dueling Grounds – 1193 Bloor St W Toronto
Toronto Gold – 829 Bloor Street West, Toronto
Xagau Coin, Bullion & Currency Desk – 589 Yonge St, Toronto
DeCentral – 123 Spadina Avenue, Toronto
For those of you that prefer to buy bitcoin directly from another person, you should try LocalBitcoins.com. They are a global marketplace that allow you to buy from sellers, locally, with a variety of payment methods that include cash in person, Interac e-Transfers, Western Union, PayPal Pre-Paid Disposable Credit Card and many others, all on LocalBitcoins.com.
To protect you against fraud and provide peace-of-mind when conducting an online transaction, LocalBitcoins.com uses escrow to take the bitcoins you have reserved from the seller’s account and hold on to them until the seller releases. If you have in fact paid and the seller does not release for some reason, you can file a dispute and LocalBitcoins will resolve it for you. So hang on to your receipt!
LocalBitcoins.com is the best service to use for those who want bitcoins almost instantly.
QuadrigaCX, Canada’s largest Bitcoin exchange, has big plans to install their new SumoPro two-way bitcoin ATMs in prime locations across the country. These units will be delivered in batches of five and placed in several major cities including Vancouver, Toronto and Montreal.
In 2014, CAVIRTEX attempted a similar rollout of BitAccess bitcoin ATMs, installing them in Gateway Newstands across Canada. The experiment was far from successful, and the company shut down the endeavor a few months later. They ended up selling off their machines at a substantial loss.
While the locations gave the CAVIRTEX bitcoin ATMs high visibility, their failure has been attributed to the fact that they were inadequately staffed and prone to malfunction, with little to no troubleshooting support.
Quadriga said this new rollout will be different.
“We are excited to finally be bringing some functional and beautiful two-way bitcoin ATM machines to Canada,” said Cotten.
He explained that the new BitXATM devices are among the most reliable, intuitive and user-friendly bitcoin ATMs on the market. It features an industry-leading 17-inch touch screen that promises to promote ease-of-use. Furthermore, the rollout will happen in small batches, allowing for time to ensure that each new machine is supported and operating properly from the outset.
“We’ve done our research,” says Cotten. “We know the owners of every major bitcoin ATM company. We have used many of them and spoken to previous owners. We have conducted extensive due diligence and feel as though our track record with regard to bitcoin ATM distribution across Canada will allow us to continue to provide a superior service.”
QuadrigaCX has been responsible for installing the first Lamassu and Skyhook units in Canada. Since then, they have placed more than 40 machines across the country.
The world’s first bitcoin ATM, the Robocoin at Waves, was launched by Bitcoiniacs in Vancouver at the end of 2013. Quadriga installed the second bitcoin machine, Canada’s first Lamassu, three months later. The company went on to purchase and install more than a dozen additional Lamassu machines across Canada last year, as well as Canada’s first Skyhook.
Like most other independently owned bitcoin ATMs across Canada, these machines will trade on the Quadriga CX platform. These new BitXATM machines also will be modified to allow for direct cash deposits and withdrawals from customers’ Quadriga CX balances.
Cotten expects to launch the first of the new machines in the heart of downtown Vancouver in early June. Transactions will carry an introductory zero-percent fee as users become acquainted with the new bitcoin ATMs.