About Bitvo

Bitvo (www.bitvo.com) is the most feature-rich platform in the Canadian landscape. Established in 2018, Bitvo is a cryptocurrency exchange that facilitates buying, selling and trading cryptocurrencies through its best-in-class website and mobile applications. Bitvo offers seven different cryptocurrencies, including Bitcoin, Ether, XRP, Bitcoin Cash, Litecoin, Dash, Ethereum Classic and QCAD, Canada’s first stable coin designed for the mass market.  Traders new to the space can take advantage of Bitvo’s quick buys and sells at market rates. More experienced traders can utilize the Advance Trading screen, which provides access to a live order book and allows for more sophisticated order types such as limit and stop loss orders. Bitvo also offers an OTC desk, putting you in touch with live traders to execute larger orders. The Bitvo Same Day Guarantee means instant account registration, deposits and withdrawals processed the same day as received and live customer support 24/7/365.

Location: Toronto, Calgary

Year Founded: 2017

Vertical: Blockchain / Digital Assets / Cryptocurrency

Employees: 1 – 10

Website: Bitvo

Social Media:

Problem

Removing the confusion and friction from buying cryptocurrency while providing increased security to a space that has historically lacked this.

Core Benefits

Bitvo differentiates itself by making transacting in cryptocurrencies easier than anyone else and offering proprietary features such as the Bitvo Same Day Guarantee, the Bitvo Cash Card and technical analysis tools.  Bitvo makes security a top priority. Fiat funds are stored at major Canadian banks and CDIC insured. Cryptocurrencies are stored in cold storage that is located in an offsite, third party financial institution and only accessible via multiple signatures.  The Visa® Bitvo Cash Card allows customers to spend directly from their Bitvo account anywhere Visa® is accepted or to take out cash at over 2 million ATMs globally.

Ideal Customers

Businesses and Consumers (B2B2C)

Milestones

• Over 3,500 customers
• Over $2 million revenue
• Approaching cash flow break-even