The dashboard provides an overview of the technical “score” of each cryptocurrency that is traded on their books, based on artificial intelligence (AI) analysis. Bitvo Dashboardīitvo's AI-powered technical analysis dashboard is another noteworthy feature. Using the Bitvo Cash Card costs $1 per transaction or $1 per withdrawal + 3.00% foreign currency conversion fee.
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Users can also use the Bitvo Cash Card to withdraw cash from over 2 million ATMs in 200 countries around the world-again, at any ATMs where Visa or Plus is accepted. If you don't have any fiat currency in your Bitvo account, you can simply convert crypto into fiat and then spend it with the card. The card is accepted everywhere Visa is accepted, making it easy for users to spend the fiat sitting in their Bitvo account. Bitvo Cash CardĪs a Bitvo customer, you’ll receive access to the Bitvo Cash Card. when the price of Bitcoin is skyrocketing). This offers a significant advantage over other exchanges, especially if you want to trade on short-term price movements (eg. Most Bitvo accounts are activated immediately, and all deposits and withdrawals are made the same day they're received. Even for an advanced platform, though, it’s still easy to use, allowing traders with low levels of experience to set more complex orders without difficulty.
When compared with other crypto platforms-which can be daunting for beginners-Bitvo makes it easy to buy and sell cryptocurrencies without having to learn complex commands or procedures.īitvo also has an advanced trading platform where users can submit more complex order types and get trading info from charts. It offers a simple, accessible trading frontend that makes it easy for newcomers to get started with trading crypto. The Bitvo platform is very user-friendly. Bitvo Features 1. Intuitive and Versatile Interface In this review, we'll break down Bitvo's top features, explain its fee structure, and answer some of the most commonly asked questions about the exchange. The exchange is not limited to Canada, also serving as a global currency trading platform. Traders can use the Bitvo website or mobile app to invest in cryptocurrencies after completing the necessary KYC procedure. He expressed his confidence that there would be no problem as Stablecorp’s systems and policies are fully compliant with the regulator’s requirements.Bitvo is a Canadian crypto exchange based in Calgary, Alberta. Furthermore, the stablecoin is fully compliant with local regulations and policies such as Know Your Customer (KYC) and Anti-Money Laundering (AML).ĭurscki also revealed that starting June, the company would be regulated by FinTRAC under a particular business category. Notably, there are ongoing plans for expansion that would further improve customers’ safety and experience.Īs Stablecorp and its partners emphasized, QCAD is the first-ever stablecoin in Canada with a 1:1 ratio in Canadian dollars. He explained that the team of developers had initially chosen Ethereum due to its robust security and excellent industry reputation. Rob Durscki, the COO of QCAD developer, Canada Stablecorp, said that the company targets to introduce the stablecoin to other networks.
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Furthermore, BitGo and Balance, two of the notable crypto custodians in the industry, had already extended their full support to the newly-released stablecoin. QCAD can be purchased from Newton, Coinsmart, Bitvo, Newton, and Netcoins, direct partners of 3iQ and Mavennet. The press release also confirmed that QCAD could be traded against Bitcoin ( BTC) and other major crypto assets such as Ether ( ETH) and USD Coin ( USDC). At the time of writing, QCAD’s supply is equivalent to $113, 000. QCAD holders can track their transaction histories using Etherscan, the Blockchain explorer of Ethereum. As per the press release published on February 11, QCAD aims to infiltrate the mass market.
3iQ, one of Canada’s leading digital asset fund managers, and Mavennet, a Blockchain startup, locked a partnership that gave birth to a new stablecoin whose value is tied to the Canadian dollar.ĭubbed QCAD, this Ethereum-based stablecoin with a total supply of 150,000 follows the notable ERC-20 token standard.
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