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Bull Bitcoin launches “Buy Bitcoin with No KYC” via in-person cash payments


how to buy bitcoin in canada

Originally published here.


Bull Bitcoin is officially a no-KYC exchange. The fastest, most secure and cheapest no-KYC method to buy Bitcoin that Canada has ever seen has just been released. No ID, phone number, credit check or bank account is required to buy Bitcoin.


How to Buy Bitcoin No KYC with cash or debit card in Canada?

Bull Bitcoin launches No KYC Bitcoin purchases with cash or debit


Introducing the absolute game-changer in Canada's Bitcoin scene: Bull Bitcoin! It's the ultimate solution for buying Bitcoin that's lightning-fast, super secure, and unbelievably affordable. And the best part? No need for any pesky ID verification, credit checks, or even a bank account!


Forget about those exorbitant fees and complicated processes. With Bull Bitcoin, you'll only pay a mere 2% fee to Bull Bitcoin itself, along with a small, flat fee collected by the payment processor at Canada Post. That's it! No hidden costs or surprises. It's hands down the most cost-effective way to purchase no-KYC Bitcoin in Canada, bar none.


Get ready to revolutionize your Bitcoin buying experience with Bull Bitcoin. Say goodbye to unnecessary hassles and embrace the fastest, most secure, and cheapest method to buy Bitcoin that Canada has ever witnessed. This is the future of Bitcoin transactions, and it's right at your fingertips.


Go to any Canadian Post office. Ask the cashier to scan a QR code generated in the Bull Bitcoin app. Give him cash, or pay by debit card. The funds are automatically added to your Bull Bitcoin account within a few minutes. Buy up to $999.99 worth of Bitcoin per transaction and we’ll instantly send a Bitcoin payment to your own self-custodial Bitcoin Wallet, on-chain or Lightning. No-KYC required!

With a fee of 2% (collected by Bull Bitcoin) and a small flat fee collected by Canada Post, it makes Bull Bitcoin by far the cheapest way to buy no-KYC Bitcoin in Canada.

How to Buy Bitcoin No KYC with cash or debit card in Canada

Why is Bull Bitcoin better than Azteco or Bitcoin ATMs?


Azteco, a cash-based Bitcoin voucher system, charges a 7% fee, and a 3.95$ flat fee per transaction. In addition, Azteco is currently no longer available in Canada.


Bitcoin ATMs also allow Canadians to buy Bitcoin using cash, usually without KYC for small amounts. However, Bitcoin ATMs are very expensive. LocalCoin ATMs, the most popular in Canada, charges a 10% fee and a 3$ flat fee! On average, the Bitcoin ATM fee in Canada is 14%.


Bull Bitcoin is cheaper, but it is also much faster, since we support Lightning Network payouts! Bull Bitcoin’s on-chain withdrawals are free. You can always request an express transaction and choose the mining fee that you want.

Bull Bitcoin’s fee of 2% for no-KYC sats is simply unbeatable. There is no second best!


Contrary to Bitcoin ATMs that require you to have your Bitcoin wallet ready when you are making a purchase, with Bull Bitcoin you can first fund your account and make your Bitcoin purchases later, for example using a dollar-cost-averaging strategy.


Bull Bitcoin offers top-notch customer support over the phone in French or English. Check out our amazing reviews for yourself!


Bull Bitcoin offers top-notch customer support over the phone in French or English. Check out our amazing reviews for yourself! 4.9 out of 5.


No-KYC Bitcoin fees and rates with Bull Bitcoin (assuming a Bitcoin price of $40,000)

You pay

Flat fee

% fee

Total cost

Your BTC stack

Bull Bitcoin

$1000

$3.95

2%

$23.95

2,440,125 sats

Azteco

$1000

$3.95

7%

$73.95

2,316,250 sats

LocalCoin ATM

$1000

$3

10%

$309

2,221,750 sats

Average Canadian Bitcoin ATMs

$1000

$3-$5

14%

$420

2,137,500 sats

HodHodl

$1000

​n/a

​7%-17%

$70-170

2,075,000 - 2,325,000 sats

​Bisq

$1000

n/a

​6.5%-9.5%

$65-95

2,260,000 - 2,330,750 sats

How is this possible?


According to Canadian virtual currency regulations, Bitcoin exchanges like Bull Bitcoin need to perform KYC and keep records of transactions for all Bitcoin purchases valued at $1000 and above. Our privacy policy is in strict compliance with the fair information principles outlined in the Personal Information Protection and Electronic Documents Act (PIPEDA) of Canada, which prevents us from collecting information that we don’t need for a legitimate purpose. We usually ask for KYC for bank-based funding options under $1000 to protect ourselves and our banking partners from bank fraud (chargebacks). But with cash and debit cards, there is no risk of chargeback. We therefore have no legitimate reason to ask for KYC.


Why does Bull Bitcoin offer No-KYC cash and debit Bitcoin purchases?


Fundamentally, we offer No-KYC Bitcoin purchases because it is the most requested feature by our users.


The “crypto industry”, as well as Canada’s banking sector, has been plagued by numerous identity leaks, accidental or malicious, over the past few years. It is quite understandable that users want to limit the amount of personal information they give to trusted third parties.


In addition, cash and debit card transactions are not subject to fraudulent chargebacks. As a business accepting online payments, Bull Bitcoin needs to perform KYC when receiving e-transfer or bank transfers to make sure that whoever is sending us the money is the legitimate owner of the bank account, and not a hacker or fraudster. Cash and debit card transactions do not suffer from this problem, because the debit card is also protected by a PIN number.


Traditional banks are often quick to freeze people’s bank accounts. Some banks have also been known to prevent their users from purchasing Bitcoin.


Finally, the process to fund your account with cash or debit card is faster and much more simple. This makes it the ideal option for new users with little experience using banking apps


Read more about the benefits of No-KYC Bitcoin purchases here.


Can you sell Bitcoin without KYC using Bull Bitcoin?


Yes, you can also sell Bitcoin in Canada with no-KYC. Bull Bitcoin allows you to send e-transfers and direct deposit transfers (EFTs) to any Canadian bank account without KYC, as long as you respect the maximum $999.99 transaction limit. We unfortunately do not have any method of letting users sell their Bitcoin for cash, but you can always withdraw cash at an ATM using a credit card and pay the credit card balance with Bitcoin using our Bylls bill payment service.


What if I already have a KYC profile? Will those transactions be associated to my account?


Yes, if you already have a KYC’d profile, any transaction you do will be associated to your KYC’d profile in our database. The rule at Bull Bitcoin is that you can only have 1 account. We implement this rule so that users aren’t cheating the daily transaction limits with multiple accounts. If you want, you can request to deactivate your KYC’d account and, once that is done, create an entirely new No-KYC account using a separate email address. But you won’t be able to do transactions over $999.99 with that new account, and you also likely won’t be able to fund that account with bank-based funding options.


Start stacking sats today!


If you aren’t yet a Bull Bitcoin user, sign-up now and start stacking No-KYC sats! ⁠If you are a Bull Bitcoin user, find the Canada Post office nearest you. ⁠If you want to support Bull Bitcoin’s mission, please apply to The Mission


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Bull Bitcoin's logo with smoke around it.  Decorative image.

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