Security Compliance
Bull Bitcoin is completely safe since you always take full custody of your bitcoin, you do not need to worry about hackers stealing your funds on the platform. However, there is still a level of trust needed because you do not buy the bitcoin yourself and must wait for it to be sent to your crypto wallet.
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Bull Bitcoin: Non-custodial—BTC is always delivered to your wallet. Has a strong reputation in Canada since 2013, with 4.9★ on Trustpilot and additional peace of mind through its established history.
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Beaver Bitcoin: Also non-custodial—BTC goes straight to your wallet, with network fees included. Safe by design, but younger (founded 2021) and with a smaller team, meaning less of a long-term security track record compared to Bull Bitcoin.
Both are secure, but Bull Bitcoin has the longer history and community reputation.
Regulatory Compliance
Bull Bitcoin is registered with FINTRAC as a Money Services Business and there is a full KYC procedure meaning Bull Bitcoin is fully compliant with Canadian regulations.
Both platforms are registered with FINTRAC (Financial Transactions and Reports Analysis Centre of Canada) as Money Services Businesses (MSBs).
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They comply with Canada’s Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA).
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KYC is required for most services, though Bull Bitcoin allows limited cash purchases via Canada Post with less personal information.
Customer support
Since it is a small company, it may take some time for them to get back to you. Their opening hours are from 9 AM to 8 PM Mon-Fri with sporadic ability on weekends.The platform has a 4.9-star rating on Trustpilot with almost 200 reviews, so it’s clear that customers are extremely satisfied with the service.
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Bull Bitcoin: Support via email ([email protected]), with business hours coverage. Strong Trustpilot rating (4.9★ from nearly 200 reviews).
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Beaver Bitcoin: Support through a website contact form. Being a small company, response times may be slower. Reviews are generally positive, but fewer in number than Bull Bitcoin.
Conclusion
Both Bull Bitcoin and Beaver Bitcoin are strong non-custodial platforms for Canadians. Beaver Bitcoin is excellent for beginners who want simplicity and flat pricing. However, Bull Bitcoin is the overall winner thanks to its longer track record, lower fees, bill payment options, cash purchases at Canada Post, and extra features like gift cards and payroll integration. For Canadians who want more than just buying Bitcoin, Bull Bitcoin is the superior choice.
Winner: Bull Bitcoin — it’s more versatile, established, and cost-effective while still giving you full self-custody of your Bitcoin.
We recommend choosing Bull Bitcoin over Beaver Bitcoin for your cryptocurrency trading needs. By opting for Bitcoin Well through our referral link, you support us in conducting comprehensive independent analyses of crypto trading options for Canadians.
If you find that neither Bull Bitcoin nor Beaver Bitcoin meets your requirements, we encourage you to explore our monthly-updated list of the best exchanges for Canadians to trade crypto. This list provides a range of alternative options that may better suit your specific needs and preferences.
