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Bull Bitcoin

Bull Bitcoin

1

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Calgary

HQ

Last Updated Jun 28, 2023  |  Affiliate Disclosure

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Highlights

  • Bull Bitcoin is a non-custodial Bitcoin-only exchange for Canadians. All Bitcoin purchases are sent directly to your wallet.
  • There are no fees to buy Bitcoin, only when selling and you can fund your account with Interac e-Transfer or wire transfer.
  • They also have a no KYC option, where you can visit your local post office to buy up to $1,000 worth of Bitcoin.

What Is Bull Bitcoin?

Bull Bitcoin is a Bitcoin-only exchange based in Calgary, Alberta. They help you buy bitcoin safely and securely by sending all purchases directly to your Bitcoin wallet.

The platform supports free interac e-transfers and wire transfers. In addition, there is a no-KYC option where you can buy up to $1,000 worth of Bitcoin by going in-person to your local Canada post. 

Bull Bitcoin Website

How Does It Work?

To use Bull Bitcoin, you first need to fund your account with Canadian dollars. If you want to deposit more than $1,000 or use e-transfer, you will have to verify your identity and follow the KYC process. If you want to buy Bitcoin privately without KYC, you can visit Canada Post and fund your account up to $1,000 by showing them your QR code. After your account is funded, enter how much you want to buy, paste your Bitcoin wallet address, and confirm your order.

Key Features & Benefits

Buy and Sell Bitcoin

It's free to fund your account and there are no fees to buy Bitcoin, only fees for selling Bitcoin. They also have Lightning Network support which helps with fees.

Non-Custodial

Every purchase is sent directly to your Bitcoin address so a Bitcoin wallet is required to use the platform. While Bull Bitcoin does not custody your Bitcoin, they do hold your Canadian Dollars when you fund your account.

No KYC Under $1,000

Bull Bitcoin has an option for no KYC purchases under $1,000. Just show up to any post office (yes, in person) and provide them the unique QR code from your account. To generate your QR code on Bull Bitcoin, you must verify your email address and provide your real name.

Private

Bull Bitcoin puts a focus on privacy, espcially compared to other crypto exchanges. For example, their verification is less intrusive than other platforms. In addition, all payments are instantly coinjoined, meaning your Bitcoin is mixed with other transactions and can't be linked back to any specific user.

Other Features

  • Schedule Recurring Buys: Set up hourly, daily or custom recurring buys using your Bull Bitcoin balance.
  • Pay Your Bills With Bitcoin: Through a service called Bylls, Bull Bitcoin allows you to pay your credit card bills with Bitcoin, giving you the option to opt-out of the legacy financial system. 
  • Buy Gift Cards With Bitcoin: Users can convert Bitcoin into gift cards from Amazon, Walmart, Uber, Airbnb, and dozens of brands. 
  • No Fees to Fund Your Account: Bull Bitcoin support e-transfer, wire transfer and Desjardins transfer.
  • Payroll Deposits: Have your payroll automatically sent to your Bull Bitcoin account balance.
  • OTC: High-net-worth individuals and businesses can check out Bull Bitcoin Prime.

Bull Bitcoin Review According to Reddit

I headed to Trust Pilot, Reddit and other online review sites to see what the people think of Bull Bitcoin. While most of the review are positive, some of the negative ones claim that Bull Bitcoin pays for reviews and buries bad ratings. There are also a few customers claiming that transactions, e-transfers, and verification took much longer than normal. Here some of the useful reviews:

  • One user on Trust Pilot said, “Excellent place to buy bitcoin. Fantastic customer service. My mom was having issues with verification. Bull stepped in and had a quick call and sorted it out promptly. Can't say enough good things.”
  • Another person wrote: "Bull Bitcoin follows the mantra: not your keys not your coin. When you buy Bitcoin, you can’t press the buy button until you enter a withdrawal address for your own wallet. Simple and efficient way to make sure self custody happens. Every single time. I love It"
  • Others wrote "Simple to use and very private" and "Service works exactly as intended, customer service also very good"
  • Most of the bad reviews looked something like this: “There was a mistake on their end I had to wait over a week and a half for my funds and they held the same rate from over a week and a half ago even know BTC went up over 10% since."
Bull Bitcoin

Is Bull Bitcoin Worth It?

Bull Bitcoin is a feature-rich Bitcoin platform for Canadians. Here is the summary if you're considering signing up:

  • Non-Custodial: Have Bitcoin automatically sent to your wallet
  • Lightning Network: One of the only platform I've seen that supports Lightning
  • Private: Bull Bitcoin is less intrusive than other exchanges
  • KYC and Non-KYC Options: Choose how you want to buy Bitcoin
  • Use Your Bitcoin: You can pay off your credit cards or buy gift cards with Bitcoin
  • Hard for Newcomers: Beginners need to learn how to use a wallet
  • Not Instant: Transactions are slower than custodial exchanges
  • Bitcoin Spread: Seems higher than other platforms
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RankFi

RankFi helps you find the best crypto, blockchain, and Web3 tools with unbiased, data-driven reviews. Our small team of researchers have helped over 200,000 investors make better investment decisions.

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