Bitvo is a Canadian cryptocurrency exchange based in Calgary and supports 11 cryptocurrencies, including Cardano, Dash, and QCAD.

Founded in 2018, Bitvo is a wholly-owned subsidiary of Toronto-headquartered Pateno Payments. Pateno provides payment processing services to Bitvo, other crypto trading platforms based in Canada, and online businesses in various industries.

The company has become known for the Bitvo Cash Card, which allows users to spend the fiat balance in their Bitvo account anywhere Visa is accepted or withdraw it from more than 2 million ATMs in 200 countries around the world.

Bitvo only accepts Canadian dollars and users can make free deposits via Interac e-Transfer, wire transfer, in person at Canada Post, or by transferring cryptocurrencies from another wallet or exchange.

More than 95% of the platform’s crypto assets are kept offline in cold storage, which means they are inaccessible to attackers, viruses, and hackers.

Bitvo is a registered money services company in Canada and complies with FINTRAC regulations in Canada.

The company has become known for the Bitvo Cash Card, which allows users to spend the fiat balance in their Bitvo account anywhere Visa is accepted or withdraw it from more than 2 million ATMs in 200 countries around the world.

Bitvo only accepts Canadian dollars and users can make free deposits via Interac e-Transfer, wire transfer, in person at Canada Post, or by transferring cryptocurrencies from another wallet or exchange.

More than 95% of the platform’s crypto assets are kept offline in cold storage, which means they are inaccessible to attackers, viruses, and hackers.

Bitvo is a registered money services company in Canada and complies with FINTRAC regulations in Canada.

News

In June 2022 it was announced that FTX will buy the crypto Bitvobut due to the long wait for regulatory approval the deal could still be canceled and Bitvo is still an independent company without FTX token or listing. 

Conclusion

Due to the current tense crypto industry, we downgrade all crypto companies to ORANGE for an undetermined period of time.