UPDATED. 2024-03-29 17:16 (금)

Bitvo Cuts Withdrawal Costs in Half
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Bitvo Cuts Withdrawal Costs in Half
  • 블록체인투데이
  • 승인 2023.06.02 09:09
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In a noteworthy development for the Canadian cryptocurrency market, numerous crypto exchanges have recently declared their departure from the country, citing the difficulties imposed by Canadian regulations. However, amidst this mass exodus, Bitvo Inc., a Canadian-based cryptocurrency exchange, has taken a distinctive approach by slashing its withdrawal fee by 50% for both new and existing customers. This reduction in fees, which will be implemented starting from June 1, 2023, aims to address the market void left by the departing exchanges and offer respite to crypto investors in Canada. The discounted withdrawal fee will remain in effect until August 31, 2023.

 

Bitvo, registered as a Money Service Business (MSB) with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) and as a Restricted Dealer with securities commissions throughout all provinces and territories in Canada, underscores its dedication to the Canadian market and its commitment to serving Canadian customers. The company prides itself on providing a secure and user-friendly platform that adheres to Canadian regulations, having successfully navigated the challenges of both bullish and bearish market conditions since its establishment in 2018.

 

As a platform for trading crypto assets, Bitvo facilitates the buying and selling of cryptocurrencies through its website and mobile applications. To enhance user experience and streamline transactions, the company has introduced various initiatives, including the Bitvo Cash Card, Bitvo Same Day Guarantee, and tools for technical analysis. By implementing these features, Bitvo aims to simplify the process of crypto trading, making it more accessible and efficient for users.

 

While several crypto exchanges have opted to withdraw from the Canadian market due to regulatory concerns, Bitvo's decision to reduce its withdrawal fee demonstrates its determination to support the crypto ecosystem in Canada. This strategic move not only positions Bitvo as a dependable and compliant choice for Canadian crypto investors but also fills the void created by the departure of other exchanges. By offering competitive fees and a secure trading platform, Bitvo aims to attract and retain customers, solidifying its presence in the Canadian crypto market.


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