Beaver Bitcoin is a non-custodial platform that enables Canadians to buy and hold Bitcoin directly in their own wallets using Interac e-Transfer, bill payments, or wire transfers. The service addresses the need for a secure and straightforward method to purchase Bitcoin without the risk of custodial storage, offering low fees and instant transactions.
Funding
Funding not disclosed
Founders
Product
Problem
Canadians seeking to invest in Bitcoin often face complex platforms and the risks associated with custodial exchanges that hold their assets. Many platforms require manual funding for recurring buys, adding extra steps and potential custodial risk.
Solution
Beaver Bitcoin offers a straightforward, non-custodial platform for Canadians to buy and hold Bitcoin directly in their own wallets. Users can instantly purchase Bitcoin via Interac e-Transfer or set up automated weekly purchases directly from their bank accounts. By delivering Bitcoin directly to the customer's wallet, Beaver Bitcoin eliminates the risks associated with custodial exchanges. The platform focuses on simplicity and ease of use, making it accessible to both newcomers and experienced Bitcoin users looking for a secure and streamlined way to accumulate Bitcoin.
Target Audience
Beaver Bitcoin primarily targets Canadian residents, from Bitcoin beginners to seasoned investors, who want a simple, secure, and automated way to buy and hold Bitcoin in self-custody.
Features
- Non-custodial service: Bitcoin is sent directly to the user's wallet, ensuring complete control over their assets
- Automated recurring buys: Users can set up weekly Bitcoin purchases with direct withdrawals from their bank accounts
- Instant buys: Purchase Bitcoin instantly via Interac e-Transfer
- Large buys: Support for large Bitcoin purchases via bill payment, wire transfer, or bank transfer
- Transparent pricing: A flat 1.5% fee is applied to all Bitcoin purchases with no hidden spread
- Bitcoin-only platform: Focused exclusively on Bitcoin, eliminating exposure to altcoins
- FINTRAC registration: Registered as a Money Service Business (MSB) with FINTRAC
- Customer support: Responsive customer support available via email and help center