![\"checkmark\"](\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/2020\/09\/star1-1.png\")
<\/td><\/tr><\/td><\/tr><\/td><\/tr><\/td><\/tr><\/td><\/tr><\/td><\/tr><\/td><\/tr><\/td><\/tr><\/tbody><\/table>Overview of Bitvo<\/h3>
Bitvo is a Canadian cryptocurrency exchange based in Calgary, AB and founded in 2018. It is led by a small team with decades of experience in the fields of technology, banking, capital markets, security, financial services and transaction processing.
Bitvo aims to be a premium cryptocurrency exchange through a foundation of superior customer service, zero trading fees and quick easy funding and withdrawal options. It is currently offering 11 different cryptocurrencies for exchange as well as a Bitvo Cash Card and a personalized OTC desk for large volume users. Finder\u2019s Bitvo review will help you decide if it fits your needs.<\/p>
- If this is your first exchange:<\/strong> Bitvo has done a good job integrating legacy banks to make the movement of funds to and from the exchange very fluid.<\/li>
- If you\u2019re switching exchanges:<\/strong> Bitvo\u2019s Cash Card is a useful option for frequent traders who may want to access funds when traveling outside of Canada.<\/li><\/ul>
What to know about Bitvo<\/h3>
Bitvo is a smaller cryptocurrency exchange. It currently has 11 cryptocurrencies listed, and the team\u2019s experience and contacts in the legacy-banks system allow for a more fluid movement of funds to and from the exchange. Bitvo engages in best practices for its security and is registered with FINTRAC. It has not experienced a successful hack to date.<\/p>
Despite excellent customer service and a quick and easy funding option, the exchange does not offer as much for smaller investors as its competitors. The overall feel of the exchange is more akin to a legacy bank than a cryptocurrency exchange. It does offer zero fees on trades and deposits, but it charges a 1% withdrawal fee, a spread on bid\/ask transactions and fees associated with its Bitvo Cash Card.<\/p>
Supported cryptocurrencies<\/h4>
Bitvo currently offers 11 different cryptocurrencies. The selection of cryptocurrencies is mainly focused on financial cryptocurrencies for providing payment options and resolving transactions. There is also the addition of some other level one blockchains, such as ETH, ADA and UNI, that facilitate smart contracts. DOGE is also listed as one of the cryptocurrencies that are offered. The following assets are offered:<\/p>
- BTC<\/a><\/li>
- ETH<\/a><\/li>
- ADA<\/a><\/li>
- XRP<\/a><\/li>
- DOGE<\/a><\/li>
- UNI<\/a><\/li><\/ul><\/div>
- LTC<\/a><\/li>
- BCH<\/a><\/li>
- DASH<\/a><\/li>
- USDC<\/a><\/li>
- QCAD<\/li><\/ul><\/div><\/div>
Transferring fiat and cryptocurrency<\/h4>
Bitvo guarantees that all funds will be deposited into users\u2019 accounts the same day for both withdrawals and deposits. Cryptocurrency deposits and withdrawals depend on network congestion but are executed immediately. If Bitvo fails to deposit your funds within the day, it credits you the withdrawal fee.<\/p>
Bitvo Fees and costs<\/h4>
Bitvo does not have any deposit fees, but it charges a 1% fee for all withdrawals with a minimum of $15 on all withdrawals. There are fees for every time you use the Bitvo Cash Card too.<\/p>
Fiat withdrawal and deposit fees<\/h5>
Deposit<\/th> Withdrawal<\/th><\/tr><\/thead> $0<\/td> 1% (minimum fee of $15)<\/td><\/tr><\/tbody><\/table> Crypto withdrawal and deposit fees<\/h5>
Deposit<\/th> Withdrawal<\/th><\/tr><\/thead> Dependent on speed of the underlying
cryptocurrency network<\/td>1% (minimum fee of ($15)<\/td><\/tr><\/tbody><\/table> What is it like to use Bitvo?<\/h4>
- \n \n
\n
- BCH<\/a><\/li>
- ETH<\/a><\/li>
- If you\u2019re switching exchanges:<\/strong> Bitvo\u2019s Cash Card is a useful option for frequent traders who may want to access funds when traveling outside of Canada.<\/li><\/ul>