Canadian Exchange with Mixed Reputation
Bitvo launched in Canada around 2018, promoting itself with zero trading fees, fast KYC, and easy CAD deposits. It was registered under FINTRAC and aimed to simplify crypto access for local users.
What It Promised
Free trades, local banking support, and same-day verification were Bitvo’s selling points. The platform supported CAD and USD deposits, debit-style cash access, and a simple interface for both beginners and traders.
User Experience and Trust
While some users enjoy the ease of use and banking integration, many complain about aggressive KYC, slow verifications, and frozen withdrawals. Trustpilot reviews average around 2.5/5, highlighting poor support and unexpected account closures. Despite regulation, confidence appears shaky.
Where It Stands in 2025
- Still active, processing CAD trades with zero trading fees
- Withdrawals cost about 1% or $15 CAD minimum
- Mobile app ratings are low, with reports of bugs and delays
- Limited global reach, no major altcoin markets
Quick Facts
| Feature | Status / Details |
|---|---|
| Founded | 2018, Canada |
| Fiat Support | CAD (Interac, wire, cash) |
| Trading Fees | Zero on trades, withdrawal fee ~1% or $15 CAD |
| Regulation | FINTRAC-registered MSB |
| Audit & Reserves | No public proof, cold storage claimed |
| User Rating | Low (~2.5/5), complaints common |
| Community Activity | Low engagement |
Final Thoughts
Bitvo continues to serve Canadian traders with CAD support and zero-fee trading, but trust issues hold it back. Complaints about KYC, support, and withdrawal delays overshadow its convenience. For small trades, it works. For serious trading or altcoin access, it feels limited.