CAVirtex Taking Forever to get Verified? Alternatives?

[birdguy11]

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

[exstasie]

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]

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]

this new one in Canada https://www.vaultofsatoshi.com

[nicomekl]

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.

[mu]

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.