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Bull Bitcoin exchange review

Bull Bitcoin is a Bitcoin-only exchange in Canada that allows you to buy, sell and spend Bitcoin directly from your wallet.

  • Full control over your Bitcoin
  • Bitcoin-only exchange

Check out our full list of pros and cons or read on.

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1

Fiat currencies

1

Cryptocurrencies

Details

Product Name Bull Bitcoin Exchange
Fiat Currencies CAD
Cryptocurrencies BTC
Deposit Methods Bank transfer
Cryptocurrency
Wire transfer
Osko
SEPA
SWIFT
Deposit Fees Free
Withdrawal Fees Free
Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

Overview of Bull Bitcoin

Bull Bitcoin is a non-custodial Canadian Bitcoin exchange that allows you to buy, sell and spend Bitcoin directly from your Bitcoin wallet. The exchange was founded in 2015 and is based in Montreal, Quebec.

The exchange supports a number of tools you can take advantage of. These tools teach you how to create and secure your own BTC wallets. It also boasts zero deposit fees and the ability to pay bills through the Bylls payment service.

The main goal of Bull Bitcoin is to allow you to control your BTC, which is why it was developed as a non-custodial exchange. This was a conscious choice by the founders to help promote their overall philosophy and end goal of achieving a Bitcoin standard.

  • If this is your first exchange: It’s easy to navigate but you will need to familiarize yourself with and create a Bitcoin wallet before you buy or sell.
  • If you’re switching exchanges: The non-custodial nature of the exchange will give you full control over your Bitcoin.

Pros and cons of Bull Bitcoin

Pros

  • Quick registration process
  • Easy funding options
  • Referral program
  • Easy to navigate

Cons

  • Only available in Canada
  • Only 1 available cryptocurrency
  • No earning tools

Verdict: Is Bull Bitcoin any good?

Bull Bitcoin is a niche exchange. Its goals are to expand the adoption of Bitcoin in Canada and to support a Bitcoin standard. Everything on the exchange has been designed to support these goals. It’s a good exchange for buying and selling Bitcoin.

What to know about Bull Bitcoin

Bull Bitcoin only supports the buying and selling of BTC on its exchange. You will need to be familiar with how to set up a BTC wallet and securely move BTC from one account to another before using the exchange. The exchange does offer a lot of support for this purpose and runs Bitcoinsupport.com, which is a step-by-step how-to guide for users. It has free deposits on fiat and has made the process of selling BTC straightforward.

The exchange is user-friendly and easy to navigate. It does not offer any earning protocols that some custodial wallet exchanges do and instead encourages you to keep your BTC off exchanges in general. The exchange allows you to pay bills through Bylls payment services by selling your BTC. It also has an option for dollar-cost averaging.

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Fiat withdrawal and deposit fees

Funding your Bull Bitcoin account is free. You can deposit fiat via Interac e-Transfer, wire transfer (SWIFT) or bank transfer with zero fees. E-Transfers are usually processed within 30 minutes of sending while wire transfers (SWIFT) can take 3-4 hours and bank transfers 6 hours. There are maximum limits on how much you are able to deposit within a 24-hour cycle.

Bull bitcoin - available services

Crypto withdrawal and deposit fees

You never deposit your crypto directly on Bull Bitcoin, the exchange acts as an intermediary service for you to buy and sell Bitcoin. Selling BTC is done through the Bylls payment service and can incur fees based on the volume you’re moving.

Bull bitcoin - processing fees

You can also use the Liquid Network to deposit or withdraw L-CAD. The Liquid Network is a sidechain-based settlement network that enables faster transactions.

What is it like to use Bull Bitcoin?

Does Bull Bitcoin have good customer support?

Bull Bitcoin has a “contact us” form that you can use to contact the exchange. The exchange typically responds to messages Monday to Friday from 9am to 8pm ET as well as on weekends. Response times are typically within an hour or two, but contact outside these hours and on weekends may take longer. Response time can also be affected by the volume of contact requests. You can also email Bull Bitcoin directly at contact.bullbitcoin@protonmail.com

Bull bitcoin - contact us

Bull Bitcoin also runs the Bitcoinsupport.com website, which acts more as an educational tool for users but may help resolve some of the technical issues users are experiencing.

List of services on Bull Bitcoin

The Bull Bitcoin exchange is aimed at facilitating the buying and selling of Bitcoin. Its whole philosophy is designed to help familiarize and introduce people to the use case for buying and selling BTC. All features on the exchange are designed to further support these efforts.

Promotions on Bull Bitcoin

The Bull Bitcoin referral program is designed to attract new users and expose them to BTC. The Bitcoinsupport.com website is designed to educate and help people navigate wallet technology in an approachable way.

DCA BTC buying

DCA buy orders help to automate the BTC buying process. You can set varying amounts and frequencies to buy BTC through Bull Bitcoin.

Liquid CAD

Liquid CAD allows you to reduce fees associated with buying BTC and funding accounts. It is a non-custodial sidechain that is confidential.

Trust rating

Bull Bitcoin is compliant with PIPEDA and collects only the minimum amount of personal information necessary. Bull Bitcoin adheres to its financial privacy policies by processing each transaction to and from the exchange through newly generated Bitcoin addresses.

Past hacks

Bull Bitcoin has been operating since 2015 and has not experienced any hacks to date. By being a non-custodial exchange and never storing users’ BTC on the exchange, it is able to limit its exposure and risk. Users are also encouraged to adopt a 2FA security protocol on their accounts.

Security audits

Bull Bitcoin is fully compliant with FINTRAC and its AML policies, which require the exchange to report any suspicious transactions that occur on the exchange. However, due to the non-custodial nature of the platform, no external security audits have been done.

Insurance

Bull Bitcoin has no insurance in place for users as it doesn’t store BTC on the exchange.

Signing up on Bull Bitcoin

Before registering an account with Bull Bitcoin, you’ll need to have an external Bitcoin wallet or address.

Compare Bull Bitcoin against other exchanges

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Name Product Deposit methods Fiat Currencies Cryptocurrencies
Bitbuy Digital Currency Exchange
Cryptocurrency, Interac e-Transfer, Wire transfer
CAD

24
cryptocurrencies

Get a $20 bonus when you open an account and deposit at least CAD$250. T&Cs apply.
At this Canada-based cryptocurrency exchange, you can fund your account in CAD via Interac eTransfer and bank wire.
Netcoins Exchange
Cryptocurrency, Interac e-Transfer, Wire transfer
CAD, USD

11
cryptocurrencies

Buy Bitcoin and 5 other cryptocurrencies instantly using this straightforward broker.
NDAX Cryptocurrency Trading Platform
Bank transfer (ACH)
CAD

30
cryptocurrencies

Get a $10 bonus when you open an account and deposit at least CAD$100. T&Cs apply.
NDAX is a Canada-based digital asset exchange with CAD currency pairs and with options for advanced traders.
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Frequently asked questions

Is Bull Bitcoin safe?

Bull Bitcoin operates as a non-custodial exchange. By not acting as a custodian, the exchange never handles the Bitcoin itself. This creates a lesser incentive for hackers as there is no crypto to steal.

Who owns Bull Bitcoin?

Satoshi Portal Inc. is the company that developed Bull Bitcoin and the Bylls Bitcoin payment system. Francois Pouliot is the CEO and founder.

How do you use Bull Bitcoin?

Bull Bitcoin is a non-custodial exchange, so it acts as a broker for you to buy and sell BTC. You fund your account with Canadian dollars, which you can use to purchase BTC but you will need to already have a BTC wallet set up. Alternatively, you can sell your BTC through Bylls payment services for corporate payments or redeem it as gift cards.

What cryptos are on Bull Bitcoin?

Just Bitcoin.

Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.
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