ezBtc bitcoin exchange review

ezBtc Cryptocurrency Exchange
ezBtc Cryptocurrency Exchange
  • Instant buy/sell
  • Fund your account with CAD
  • Multiple payment options
  • BTM network access
Find out more Go to site

ezBtc is a Canadian owned and operated digital asset exchange that offers access to bitcoin, as well as over 30 different altcoins.

ezBtc is looking for a better way to let Canadians buy and sell over 30 different cryptocurrencies including bitcoin, Ethereum, Litecoin, Ripple and dozens of others. It aims to be easy to use, innovative and affordable.

Product Name ezBtc Cryptocurrency Exchange
Fiat Currencies CAD
Cryptocurrencies BTC, BCH, BTG, BTS, CVC, DASH, ARDR, DCR, DGB, EMC2, ETC, ETH, FCT, GAME, GNT, LSK, & 19+ more
Deposit Methods Cash
Cheque
Cryptocurrency
Electronic Funds Transfer
Interac e-Transfer
Wire transfer
Trading Fee 0.3%
Deposit Fees Cryptocurrency: fees vary
Interac E-Transfer: 1.5%
Cash: 1.5%
Interac online: 5%
Wire Transfer: $25 or $0 if over $10,000 deposited
Withdrawal Fees Cryptocurrency: fees vary
Interac E-Transfer: $20
Cash: 1.5%
Wire Transfer: $25 or $0 if over $10,000 withdrawn
Cheque: None
Electronic Funds Transfer: None

Pros

  • Low fees and competitive commissions
  • Multiple payment options
  • Bitcoin concierge service
  • Open exchange option
  • High limits for some funding methods
  • Bitcoin ATM network

Cons

  • Some services restricted to Vancouver area
  • Transfer times impacted by security measures
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. 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.

What is ezBtc and how does it work?

ezBtc is a Canadian cryptocurrency exchange. Traders can put up buy and sell listings for others to respond to.

Unlike other exchanges, what makes ezBtc unique is that it also offers:

  • Flexibility. Buy and sell instantly with the ezBtc bitcoin concierge service, or create and manage your own listings to work the market.
  • BTMs. It operates its own bitcoin ATM’s around Canada, and aims to have more coverage across the country in the future.
  • Competitive fees. It was crowdfunded to offer Canadians a secure and cost-effective trading option, and now you can take full advantage of it.

To get started, simply create an account and wait for verification. Once verified, you can then fund your account with Canadian dollars or supported cryptocurrencies. Once your account has been funded, you can start browsing the listings and buy and sell bitcoin and over 30 other altcoins your way.

What cryptocurrencies does ezBtc offer?

  • Ardor
  • Augur
  • Bitcoin
  • Bitcoin Cash
  • Bitcoin Gold
  • BitShares
  • Civic
  • Dash
  • Decred
  • DigiByte
  • Einsteinium
  • Ethereum Classic
  • Ethereum
  • Factom
  • GameCredits
  • Golem
  • Lisk
  • Litecoin
  • MaidSafeCoin
  • Monero
  • NAVcoin
  • NEM
  • NXT
  • OmiseGO
  • Omni
  • 0x
  • Ripple
  • Siacoin
  • STEEM
  • Stellar Lumen (XLM)
  • Stratis
  • Syscoin
  • Viacoin
  • Vertcoin
  • Zcash

What fiat currencies does ezBtc accept?

ezBtc currently only accepts Canadian dollars. You can still deposit other currencies via wire transfer, but it will be exchanged to CAD.

Available countries

ezBtc can be used anywhere in the world, but many of its features such as in-person pickups, bitcoin ATMs and lower fees are only available in Canada, or when transferring Canadian dollars.

Go to ezBtc's website

Payments, fees, limits and transfer times

You have different options for funding your account and making withdrawals.

Note that the fees here refer to the fees that may be charged by ezBtc. Some transfer methods may incur fees from other parties, such as bank fees charged to you when making a wire transfer deposit.

Bitcoin trading fees are 0.3%.

Making deposits to fund your account

Option Fee Daily transfer limits Transfer times
Bitcoin wallet None 0.001BTC daily minimum Instant (after 2 confirmations)
Interac e-Transfer 1.5% $200 to $3,000 per transaction. Daily limit will also depend on your bank. 0-12 hours, however this can change
Cash 1% $5,000 to $100,000 Instant (Toronto and Vancouver only). You’ll be contacted upon making a funding request within 0 to 12 hours.
Interac Online 2.5% $50 to $2,000 To be released soon
Wire Transfer $25 for amounts under $10,000

Free over $10,000

$5,000 to $200,000 1-3 business days

Making withdrawals from your account

Option Fee Daily transfer limits Transfer times
Bitcoin wallet Varies Unlimited Average time of 0-4 hours, however can take up to 24 hours
Cheque Free $500 to $10,000 (per payment cycle) Cheques are deposited directly into your account on Wednesdays and Saturdays.
Interac e-Transfer $20 $100 to $1,000 (once a day) Currently at 72 hours due to current restrictions on e-Transfers. This will change in the future.
Cash pickup/delivery 1.5% $100 to $2,000 (weekly) Available in Vancouver and Toronto only, with 24 hours notice
Wire transfer $25 for amounts under $10,000

Free over $10,000

$2,000 to $200,000 3-9 business days
Electronic Funds Transfer Free $100 to $10,000 (per period) 5-7 business days

Safety, security and privacy

ezBtc offers a range of strong security features, matching and exceeding industry standards. These features include:

  • Cold storage of funds. 99.99% of customer funds are held offline in cold storage.
  • Two-factor authentication. Set up two-factor authentication on your account for another added layer of security.
  • Manual payment processing. ezBtc processes all fiat deposits and withdrawals manually to ensure the safety and legitimacy of transactions.
  • Data security. Sensitive information is held offline and is fully encrypted.
  • DDoS protection. The site itself is protected against online distributed denial-of-service (DDoS) attacks.

Customer service and contact

You can reach ezBtc by email, live chat or telephone. ezBtc offers their support around the clock and can be reached 24/7.

  • Office location: 107-422 Richards St, Vancouver, BC
  • Telephone number: 1 877 755 2249 (international 1 604 398 2024)
  • Email: info@ezbtc.ca
  • Live chat: located on bottom right corner of the ezBtc website
  • Follow ezBtc on Facebook, Twitter or Google+
Go to ezBtc's website

Pros and cons

Pros

  • Offer over 30 altcoins
  • Supports Canadian dollars
  • Low fees and competitive commissions
  • Wide range of payment options
  • Altcoin concierge service for quick and easy buying and selling
  • Open exchange option for tighter margins and playing the market
  • High limits available depending on transfer method
  • Bitcoin ATMs available
  • 24/7 live support available

Cons

  • Not all services are available outside of Vancouver or Toronto
  • Some of the security measures impact transfer times

Next steps: How to sign up

To get started, simply sign up online by creating an account with an email address and password.

You will need to verify your identity in order to make fiat currency deposits and withdrawals. You can do this by sending in the requested identification and verifying your source of funds.

Frequently asked questions

Image source: ezBtc

Was this content helpful to you? No  Yes
Go to site