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.
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.
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.
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.
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: