Here's a summary of Bitvo's fee structure: This is on top of Bitvo's general 1% withdrawal fee, for a total of 4% + $1 per foreign ATM withdrawal. If you're withdrawing foreign currency from an ATM, you'll also pay a 3.00% foreign currency conversion fee.
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The Bitvo Cash Card charges a $1 fee on all purchases plus $1 per ATM withdrawal. Deposits can be processed via Interac e-Transfer, wire transfer, EFT, Bitvo Cash Card, and cryptocurrency.
This includes both fiat and crypto withdrawals. Deposits can be processed via Interac e-Transfer, wire transfer, Canada Post Load, and cryptocurrency.īitvo charges a 1% fee on all withdrawals, regardless of the currency or cryptocurrency you use. Spreads on Bitvo trades tend to range between 0.50% – 1.00%, depending on the asset you're tradingīitvo does not charge any deposit fees.
Cryptocurrencies on Bitvoīitvo currently supports these 11 cryptocurrencies: Bitcoin (BTC)īitvo doesn't charge any trading fees, which means its fees are all baked into the spread. This makes deposits and withdrawals significantly more efficient and lowers the risk of payment errors.īitvo currently offers integrations with more than a dozen Canadian banks.
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Seamless Bank IntegrationsĪside from its AI-powered recommendations, the Bitvo dashboard allows you to connect your bank account with the exchange, allowing payments to be processed without the need for manual intervention. Support Page (via the “Contact Us” page)īitvo also has a social media presence, so you can connect with the company on Facebook, Telegram, Instagram, LinkedIn, and Twitter.Users can receive support through the following methods: Bitvo Customer Supportīitvo has an extensive FAQ section on its website, and it also provides customer support through a variety of channels. This is driven by several complex trading algorithms that are updated daily. Other exchanges may offer technical analysis tools and graphs, but Bitvo provides users with a simple rating chart to assist them in making better judgments. The dashboard provides an overview of the technical “score” of each cryptocurrency that is traded on their books, based on artificial intelligence (AI) analysis. Bitvo Dashboardīitvo's AI-powered technical analysis dashboard is another noteworthy feature. Using the Bitvo Cash Card costs $1 per transaction or $1 per withdrawal + 3.00% foreign currency conversion fee. Users can also use the Bitvo Cash Card to withdraw cash from over 2 million ATMs in 200 countries around the world-again, at any ATMs where Visa or Plus is accepted. If you don't have any fiat currency in your Bitvo account, you can simply convert crypto into fiat and then spend it with the card. The card is accepted everywhere Visa is accepted, making it easy for users to spend the fiat sitting in their Bitvo account. Bitvo Cash CardĪs a Bitvo customer, you’ll receive access to the Bitvo Cash Card. when the price of Bitcoin is skyrocketing). This offers a significant advantage over other exchanges, especially if you want to trade on short-term price movements (eg. Most Bitvo accounts are activated immediately, and all deposits and withdrawals are made the same day they're received. Even for an advanced platform, though, it’s still easy to use, allowing traders with low levels of experience to set more complex orders without difficulty. When compared with other crypto platforms-which can be daunting for beginners-Bitvo makes it easy to buy and sell cryptocurrencies without having to learn complex commands or procedures.īitvo also has an advanced trading platform where users can submit more complex order types and get trading info from charts. It offers a simple, accessible trading frontend that makes it easy for newcomers to get started with trading crypto. The Bitvo platform is very user-friendly. Bitvo Features 1. Intuitive and Versatile Interface In this review, we'll break down Bitvo's top features, explain its fee structure, and answer some of the most commonly asked questions about the exchange. The exchange is not limited to Canada, also serving as a global currency trading platform. Traders can use the Bitvo website or mobile app to invest in cryptocurrencies after completing the necessary KYC procedure. Bitvo is a Canadian crypto exchange based in Calgary, Alberta.
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