You asked for it and now it’s here! Through CaVirtex’s new partnership with Money Mart you can now take cash or use your Debit card to make a deposit into your CaVirtex account. Money Mart only charges $1.99 for you to use this service. To get started simply login into your CaVirtex account, select “Deposit Fund” from the left rail then proceed to the “Deposit CAD” area where you will select “In-Person Bill Payment” from the drop down menu of deposit options. Below is a snapshot of the procedure and what to look for to create the invoice you will bring into Money Mart or InstaCheques. If you don’t already have a CaVirtex account you can sign up for a FREE one here: Free CaVirtex Account
FOR IN-PERSON BILL PAYMENTS:
Vault of Satoshi is offering all customers, new or existing, free deposits and commission free trading on all crypto-currency buy and sell orders from now until Canada Day weekend ending on July 5th. Might as well take advantage of this and pick up some coins for your portfolio. Plus Vault of Satoshi has just added Interac Online as its latest funding option so that you can get your Canadian cash into their exchange instantly. To take advantage of these 0% fees and commissions sign up here: Vault of Satoshi FREE Trading
This method was the earliest of those adopted and remains the most popular. You simply look for sellers that allow you make a cash deposit at the bank of your choice (you don’t need to have an account with that bank) and place your order. The seller will then provide the account information you need to go to the teller with cash and make the deposit into their account. The cash will be available in their account instantly and upon uploading a copy of the receipt through LocalBitcoins “Attach Document” feature, below the message box, the seller will then verify the details and release your bitcoins from escrow.
Vault of Satoshi has recently launched its affiliate program where you can make money by promoting their exchange. Vault of Satoshi will give you 40% of their commission on all coin to fiat or fiat to coin trades and $9.00 per month reoccurring if someone signs up for their unlimited trading plan. Various method of promotion are referring to friends and family through email, Facebook, LinkedIn or Twitter. You may also try launching your own campaigns on Google AdWords or Bing. To start making money with Vault of Satoshi sign up for a FREE account here: Vault of Satoshi Affiliate Program
In Canada with Western Union you can send up to $950 with Visa® or MasterCard®.
You can send more through other methods and if you bank with ScotiaBank or BMO you can also use their services to send money through online banking, including a mobile device with ScotiaBank Mobile Banking.
To send money online see here: http://westernunioncanada.ca/send-money/online
To send money via phone call 1-800-235-0000 or see here: http://westernunioncanada.ca/send-money/telephone
To send money through a Western Union Location or Agent see here: http://westernunioncanada.ca/locations
1) Make Trade Request on LocalBitcoins.com
2) Take note of “Bank Transfer Details” automatically sent to you and then pay Western Union within 180 minutes. Do NOT mark as “paid” until you have actually paid. You are responsible for any Western Union fees so please send payment in full amount.
3) After sending payment through Western Union, please upload a photo or scan of the Western Union receipt using LocalBitcoins‘ messaging function.
4) Seller will collect payment and release your bitcoin from escrow.
Give’er a go. You can trust pretty much any seller on LocalBitcoins that has a 100% feedback score.
CaVirtex has just announced that it will be giving away free bitcoin debit cards to its consumers. It is just a phone call or an email away, and will be a great way to facilitate money rotation in the market, which will only facilitate the clients and the market. Moreover, recent analysis has shown that the bank accounts are safe for the clients who are trading in the bitcoin market. The improved security feature will only improve the trust of the clients and this will probably work in favour of CaVirtex. It has also been reported that CaVirtex is dropping the fee of deposits to $5. It may seem minor, but it does help consumers a lot who want to take out cash frequently. Such conveniences in the bitcoin market show that Canadian Virtual Exchange has a lot of growth potential. Click here to sign up for your CaVirtex account.
Are you looking for a Bitcoin and Litecoin merchant payment solution? Canadian-based Coinkite is the latest entry into the Point of Sale terminal market.
Bringing Bitcoin to the masses is Coinkite. Coinkite provides merchant services to assist in Bitcoin transactions, primarily at the terminal with Point of Sale services (POS) and debit cards.
One issue currently with Bitcoin adaptation is at the point of sale level. With Coinkite’s Bitcoin debit card, people can use the Bitcoins they’ve mined or bought right at the merchant’s terminal. This eliminates the need to convert your Bitcoins to dollars or other local currency. The Coinkite POS terminal allows a direct and secure connection to a user’s Bitcoin wallet. A merchant who wishes to accept Bitcoins and Litecoins cannot use a standard credit card terminal. Traditional payment processors will not allow the use of Bitcoin with their terminals. Coinkite’s new terminal hardware is riding the new wave of payment processing.
Coinkite is also a digital wallet. This is the method in which Bitcoins are stored. A debit card that is linked to your digital wallet allows you to use your Bitcoins wherever they are accepted. Coinkite’s innovation allows consumers to make full use of their Bitcoin resources. The wallet can also be accessed through a user-friendly web interface. This also provides strong security, as the interface uses two-factor authentication to verify a user’s identity.
The hardware POS terminal provides a great deal of value. The terminal connects to the user’s Bitcoin wallet through either the existing cellular telephone network or via WiFi connection. The debit card grants the user the most freedom. The innovative engineers at Coinkite have implemented a system of QR codes linked to user’s digital wallet to allow anyone to transfer payments to any other holder of a Bitcoin wallet. With a paper receipt providing proof of transactions, Coinkite’s terminal can speed the adoption by a wider user base of the Bitcoin standard. By providing a secure method of Bitcoin transactions in a brick-and-mortar institution, Coinkite is increasing awareness and adoption of the Bitcoin currency standard.
The advent of these Bitcoin-based terminal and POS technology marks a change in the public trust. By providing direct, secure Bitcoin merchant services, companies like Coinkite are advancing the nature of business transactions. The state of the art in consumer-based cryptography is used to secure the consumer’s Bitcoin and Litecoin assets and to facilitate economic transactions.
Canadian Virtual Exchange is now equipped for Litecoin trading. You can fund your account to buy LTC with your VirtEx cash balance or trade Bitcoin for Litecoin and vice versa. For more information visit the site at CaVirtex.com.
Fiverr, the marketplace where everyday people offer their services for only $5, has partnered with Coinbase to now take bitcoin as payment. From graphic design, to writing and even pranks, Fiverr offers pretty much anything that $5, or equivalent in Satoshi’s, can buy.
In Canada you can now buy Bitcoins with Visa® or MasterCard® using Western Union – limit is up to $950 per transaction for this payment method.
You can send more money with other methods and if you bank with ScotiaBank or BMO you can also use their services to send money through online banking, including a mobile device with ScotiaBank Mobile Banking. Western Union Bitcoin purchases can be placed through several sellers on the www.LocalBitcoins.com marketplace.