Bitcoin Forum

What are the best methods for buying/withdrawing BTC?

Cavirtex?

IMO, the Cavirtex service is second to none. Many many people complain about trading fees, but for the relatively low deposit and withdrawal fees (at least before the last 2 moths when all the banks shut them out) they're competitive on fees. Plus they're just so on it and professional. BTC-e.com not bad either, but as a Canuck I'm sure as sh*t happy and proud that we have Cavirtex... I bought shares in the company I'm so impressed (full disclosure). Plus the debit cards, phew!.. smokin liquidity on my BTC reserves. Great security and up time as well.

Our hat is as cool as always.

Love, from US.

So far so good with CaVirtex for me.  Sometimes BTC deposits take a little while to show up - transfers from other wallets especially.  It'll show up in the blockchain, but doesn't always appear in Virtex wallet for a few hours afterwards.  Other than that, I'm 100% satisfied, and stoked we have the Canadian option!

-They are over a month behind on verification requests
-Their TRADING fees are 3-8 times as much as the competition. Nearly every other exchange charges between 0.2% - 0.5% with quick and easy discounts for volume. Virtex charges 1.5% per trade, with a 0.1% discount for over 400 bitcoins traded. Discounts on other exchanges such as Bitstamp start at $500 worth of trades.
-Extremely low volume compared to the major exchanges.
-I believe they only accept deposits via Billpay from certain Canadian banks now, using Vogogo. Bank account didn't last long... so very, very few deposit/withdrawal options.
-Numerous complaints posted online regarding double-verification required without notice. Client deposits funds, funds never show up, client contacts Virtex and is told that additional documentation is required... despite client being cash verified for months. I have seen three complaints similar to this recently, and I had a similar experience last month as well.

I used to be a big fan of Virtex. They had extremely cheap coins, cheap enough to make up for their fees. Recently, however, I have found that the trading fees combined with the now on-par coin price and low volume has made it a far less attractive option for me. I believe it's literally the most expensive place for me to trade coins right now... I know of no major exchanges with fees anywhere near theirs.

The only way that I can see their cheap Vogogo deposit fee making up for the trading commissions is if your plan is to purchase under 3 coins via that deposit.

$5 vogogo billpay vs $20-40 wire. Not a huge savings for anyone moving a reasonable amount.

You can buy from kijiji too

quadrigacx is great and has many options for withdrawal and deposits. I've used their e-interac withdrawals a couple times now. They're in open beta so expect some downtime and queues for withdrawals though.

I am told that so far, all withdrawal requests made to QuadrigaCX have been processed within 12 hours. Has this also been the case for you?

There are methods to cash at any ATM.

Yes, the longest I've waited was 6 hours at one point, I think it was new years though.

At this moment they do all the deposits and withdrawals manually while they make sure their automated system runs perfectly before implementation.