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Author Topic: CAVirtex Taking Forever to get Verified? Alternatives?  (Read 559 times)
birdguy11
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November 27, 2013, 02:30:50 PM
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Hi,

I am a Canadian with a CAVirtex.com account that seems to be taking forever to get verified (I've uploaded my information 3 weeks ago and it is still in pending status).  In the past I would just go to the bank and deposit funds to their account - but now it seems that option is gone.

I would like to deposit $10,000CAD somewhere to buy bitcoins - CAVirtex seemed like the best choice.  Since it is now a disaster and there is seemingly no customer support, can anyone recommend any alternatives for depositing $10,000CAD to buy bitcoins?

Many thanks
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exstasie
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November 27, 2013, 02:50:47 PM
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Hi there,

Unfortunately in Canada, there isn't much else you can for buying that much in BitCoins.
I've been waiting 3 weeks not to get verified at CAVirtex. Apparently my Driver's License was missing a corner (even though they are rounded lol) so I had to re submit it.

I've been told that there companies where you can make a deposit to a bank account at a branch and do it that way.

Do you have any friends or someone trustworthy in Vancouver that can deposit your money at the Bitcoin ATM?  That might be a good way as well.

The quickest way is QuickBT.com, unfortunately it's limited to certain bank accounts, and is limited to $50 purchases right now lol.

birdguy11
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November 27, 2013, 02:53:28 PM
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I'm trying Bitstamp.net right now ... it looks like it might be a good alternative.  Seems like they accept international wire transfers from Canada.
tom99
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November 29, 2013, 04:14:49 PM
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this new one in Canada https://www.vaultofsatoshi.com
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November 30, 2013, 07:19:23 AM
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I'm trying to get money out of CAVirtex and they told me it will take 2 weeks to get verified. Considering how much money they charge (1.5% plus $6 per transfer), I think this is ridiculous. Why do they even need to verify the account for withdrawals?!?! Are they worried I will send money to someone else's bank account?

There's a serious need for competition in the Canadian Bitcoin exchange market.
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November 30, 2013, 12:31:54 PM
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Vaultofsatoshi seems to be the best alternative. Verification times are supposed to be less than a business day, and I can confirm this as one of my friends recently signed up and was verified quickly. It's a lower-volume exchange, though, and prices are higher than Cavirtex. Another option is Localbitcoins.
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