Buy Bitcoin with e-Transfer and PayPal

Buy Bitcoins with e-Transfer and PayPalFor 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 Launches ATMs

QuadrigaCX ATMsA new fleet of BitXATM machines is set to launch across Canada in the coming months.

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.

CaVirtex Reopens

CaVirtex Bitcoin ExchangeCanadian bitcoin exchange Cavirtex has resumed trading following its acquisition by New York platform Coinsetter.

The news comes after Cavirtex announced it was planning to shut down operations in March following a breach that compromised security information including password hashes the previous month.

Jaron Lukasiewicz, now CEO of both Coinsetter andCavirtex, said measures had been taken to remove the possibility of an event like this happening again.

Read more here: http://www.coindesk.com/canadian-bitcoin-exchange-cavirtex-reopens-following-coinsetter-acquisition/

BitX Bitcoin ATM Unveiling

BitYou are invited to attend the exclusive launch of Toronto’s NEWEST, MOST ADVANCED and EASIEST TO USE Bitcoin ATM **with the LOWEST FEES in the city

To celebrate, we are hosting a night of:

  • Special Guest Keynote Addresses and Q&A Panel
  • Unlimited access to the brand new BitX machine (with zero commissions!) and free support
  • FREE BITCOIN for attendees (first 30 sign ups)
  • Beer and Food on us

Located in the heart of King West and inside one of the fasting growing start-up spaces in Toronto, PROJECT OWL is the new home to the “Fighter-Jet of Bitcoin ATM’s” – BITX

Whether this is your first bitcoin purchase or you’re already a pro, join us at Toronto’s premier co-working and events space – PROJECT OWL – for a night of BEER AND BITCOIN

NEW BITCOINERS: Finally learn how to buy, sell and use bitcoin from real experts.  Local bitcoin pros will hold your hand through the process of buying Bitcoin and loading up your first bitcoin wallet.

EXPERIENCED BITCOINERS: Buy (and sell) unlimited bitcoin for absolutely no fees or commissions!  Socialize and enjoy a beer with some of Canada’s leading bitcoin entreprenures and thought leaders.  BitX is the most frictionless and least intrusive ATM on the market.

Highlights & reasons to come:

APRIL 22, 7:30pm – 10:30pm @ PROJECT OWL (20 camden street, 2nd floor)
  • Special guest Keynote Speaker (you won’t be disappointed)
  • Q&A panel with local experts to discuss bitcoin tech and answer ALL OF YOUR QUESTIONS.
  • First 30 people to sign up (and show up at the door) get FREE BITCOIN starting at 7pm.  Seriously. 
  • Be one of  the first to try out the worlds’ most advanced and least intrusive Bitcoin ATM.  Our BitX machine is gorgeous and has a super simple and intuitive user interface.
  • ZERO commission fees to buy/sell your Bitcoin!
  • A great night of socializing with other Bitcoiners and entreprenures at Project OWL
This night is without a doubt the best time for you to buy (and sell) Bitcoins for spot price (0% fees) and have a great night of fun discussion while you’re at it!

Morrex Bitcoin Exchange Canada

Morrex Bitcoin ExchangeMorrex – Founded in October 2013, MORREX INC is Quebec’s first digital currency exchanger. MORREX INC is the only exchange to offer full billingual customer service. Its 2-factor authentication requires that members enter their passwords and personal identification number for a safe, user-friendly trading experience. Highly reliable and stable, the MORREX trading platform trading fees are currently 1 %.

The exchange accepts Bitcoin, Litecoin, Feathercoin, Wire Transfer, Interac Online, Cash, Pre-Authorized Debit, Electronic Funds Transfer, Bill Payment, Interac Email Money Transfer.

Customer deposits are stored in Canadian banks and digital currency balances are stored in multiple signature wallets. Morrex in has a money transmitting license from both FINTRAC and the Autorité des Marchés Financiers du Québec.

Taurus Bitcoin Exchange Canada

Taurus Bitcoin Exchange Logo

Taurus is a Canadian bitcoin exchange based in Vancouver, BC. Yuri Yerofeyev, founder and CEO, is known in the Vancouver cryptocurrency community as one of the first and most trusted local traders, a bitcoin ATM operator and a director of The Bitcoin Co-op, a non-profit organization dedicated to promoting Bitcoin in the masses. The company behind the exchange was founded in the summer of 2014 with Taurus launching in beta in February, 2015.

The platform’s methods of payment include Bitcoin, Wire Transfer, Interac Online and Cash In-Person for deposits and Bitcoin and Wire Transfer for Withdrawals. A recent partnership with Vogogo brings another convenient option both for deposits and withdrawals. Customers enjoy a flexible trading fee structure starting with 0.5% and going down to 0% for high-volume traders. The majority of customer funds are stored securely in a multi-signature wallet for ultimate protection. Taurus holds a valid money services business (MSB) license issued by FINTRAC and is fully compliant with all the applicable laws and regulations.  Click here to join FREE: Taurus

QuadrigaCX Going Public

QuadrigaCX LogoQuadrigaCX, Canada’s largest bitcoin exchange, is poised to become the world’s first publicly traded bitcoin exchange. It is set to trade under the public company name of “Quadriga Fintech Solutions” and its listing has been submitted and approved. Public trading is expected to commence with the Canadian Securities Exchange (CSE/CNSX) ticker symbol “XBT” by early April.

Last month, the company completed its financing and raised nearly $850,000 CAD — more than double their original pre-listing goal of $380,000. Four of Vancouver’s top brokerage houses, Haywood Securities, Jordan Capital Markets, PI Financial and Wolverton Securities, were involved in financing the deal.

Since the company will have to undergo a full financial audit, QuadrigaCX also is hoping to earn the title of the world’s most-trusted bitcoin exchange.

“We’re excited to be able to provide an unparalleled level of transparency by merging legacy financial audits with innovative blockchain technology,” said Gerald Cotten, CEO of Quadriga Fintech and co-founder of QuadrigaCX.

What does all this mean to the average Bitcoin investor?

“Many people purchase bitcoins in an effort to invest in the blockchain technology,” said Michael Patryn, co-founder of QuadrigaCX and now adviser for Quadriga Fintech Solutions. “The value of a bitcoin, however, is not tied to the value of the infrastructure of the blockchain.”

He went on to point out that while the value of a bitcoin dropped dramatically over the last year, $314.7 million USD in venture capital was being invested in the Bitcoin space.

With the advent of Quadriga Fintech’s digital currency exchange, investors can purchase shares of its stock on the free market. Quadriga Fintech, in turn, supports the Bitcoin infrastructure.

“People investing in Quadriga Fintech Solutions are investing in our trading platform, merchant processing system, and remittance platform. They are investing in a team which has demonstrated growth, dedication, and the expertise to excel while others have collapsed,” said Patryn.

In the early months of 2015, Canadian exchanges CAVIRTEX and Vault of Satoshi both announced that they would be closing down. Since then, QuadrigaCX has enjoyed a surge in new clients and activity, coinciding with a recent marketing push into international markets.

Patryn said that Quadriga Fintech plans on dual listing in Frankfurt, Germany, at some point in April. It will not, however, be trading in the United States, nor will it accept American investors at this time. The company is adopting a wait-and-see attitude for the moment until there is further regulation clarity south of the border.

 

CaVirtex Closing Down

CAVirtex Square LogoOn February 15, 2015, CaVirtex found reason to believe that an older version of thier database that included 2FA secrets, hashed passwords and API keys, may have been compromised. This database did not include identification documents and all customer funds are safe.

CAVIRTEX has determined to cease active operations in the Bitcoin business and to return all customer funds. They are doing this because the security and the safety of customer funds are paramount to thier mission and to the success of Bitcoin in general. They believe that the damage to the company’s reputation caused by the potential compromise will significantly harm their ability to continue to operate successfully. All trading on the platform will cease on March 20th. They are asking all customers to please withdraw their funds by March 25th, 2015.

They are asking all clients to do the following:

1) Clear any CAVIRTEX browser cookies.
2) Log into your account and change your password.
3) Go to Settings -> User Preferences and set your BTC and LTC return address at the bottom of the page.

Bitcoin and Litecoin withdrawals were re-enabled late last week for those who had entered new return addresses, but they are reviewing accounts for suspicious activity and approving accounts for withdrawals on a case by case basis. For expedited service, please email [email protected]cavirtex.com. Processing accounts may take time.

CAD withdrawals are also available, but there is a queue for direct deposit exceeding thier payment processor’s daily limit. Expect CAD withdrawals to take at least 6 business days.

CAVIRTEX continues to believe, as we have over the last three and a half years of operation, that cryptocurrency is here to stay. They appreciate all the support from our amazing customers who have been on this journey with them.

CoinFest Vancouver

BTC LogoBetween February 20 and 22, the fourth edition of CoinFest will come to two dozen cities around the world, up from three cities in 2014.

In Vancouver, a cryptocurrency conference will take place at the Sandman Hotel Vancouver City Centre (180 West Georgia Street) on February 22. Speakers and panel discussions will cover topics that are standard fare for Bitcoin conferences, such as new projects, technological developments, and price. (One bitcoin was valued at around US$220 as of February 10.) On February 20, Decentral will present an Intro to Bitcoin event.

Coinkite Removes Limits on Multisig Bitcoin Wallets

Coinkite Bitcoin WalletCoinkite is now offering its starter membership free of charge, a move that finds the bitcoin technology startup removing the 1% withdrawal fee formerly associated with the service.

The offer makes a number of Coinkite services available up to certain limits. With a starter account, users can create multi-signature wallets, watch-only accounts and send bitcoin by SMS, email and voucher, among other services.

Read more here on CoinDesk: http://www.coindesk.com/coinkite-removes-limits-multisig-bitcoin-wallets-service-fee-shakeup/