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Bull Bitcoin VS. Beaver Bitcoin: What Works Better For Canadians in 2025

Oleg Galeev

Last updated September 22, 2025

Bull Bitcoin and Beaver Bitcoin are two Canadian platforms that make it easy to buy and self-custody Bitcoin. Both avoid holding your funds, sending Bitcoin directly to your wallet, but Bull Bitcoin focuses on extra services like bill payments and cash purchases, while Beaver Bitcoin shines with its ultra-simple interface and transparent flat fee.

Description

Bull Bitcoin is a unique Canadian Bitcoin trading platform with the ability to pay bills with bitcoin (cellphone, electricity, even taxes to the CRA) and that sends every purchase straight to self-custody, it never holds your coins. Founded in 2013, it now also operates in Europe, Mexico, Costa Rica, Argentina and Colombia.

Coins

BTC only

Fees

Bull Bitcoin sends the BTC directly to your wallet, so you avoid the typical withdrawal and network fees that exchanges often charge, which is a money saver. There are no separate trading, deposit or withdrawal fees either. Instead, the cost is built into their "We sell" price as a spread, typically around 1.5% to 2% over the market rate depending on the currency, and that spread is all-inclusive. When paying via debit or cash at Canada Post, you'll pay a flat $3.95 CAD fee per transaction.

Pros

  • Immediate self-custody of assets
  • Send funds via e-Transfer, wire or bill payment from your bank
  • Cash and debit funding at thousands of Canada Post locations
  • No withdrawal fees or wait times
  • Recurring buys directly from your bank account
  • Pay bills with bitcoin
  • Lightning Network support for instant, cheap payouts

Cons

  • Only bitcoin available
  • All funding methods now require full identity verification, including Canada Post
  • e-Transfer withdrawals capped at $10,000 CAD when selling

Account Limits

  • No maximum on deposits via wire transfer (wires over $10,000 CAD can get accelerated approval through Bull Bitcoin Prime)
  • No maximum on deposits via Interac e-Transfer (your bank's own Interac sending limit still applies, usually $10,000 to $25,000 CAD per day)
  • $100.00 CAD minimum / $7,500.00 CAD maximum per transaction via Cash or Debit at Canada Post
  • Up to $100,000.00 CAD per transaction via bill payment funding from your online banking
  • Buying and selling is effectively unlimited for verified accounts, and high-volume clients can use Bull Bitcoin Prime
  • Note: e-Transfer withdrawals when selling are capped at $10,000.00 CAD

App

Methods to buy

When buying bitcoin with Bull Bitcoin, you can deposit Canadian dollars via an Interac e-Transfer, wire transfer, bill payment from your online banking, or cash or debit at Canada Post. All methods require a verified Bull Bitcoin account. Since April 2024, even Canada Post in-person deposits require the clerk to check your government-issued ID, so the old anonymous cash route no longer exists.

Security

  • Full custody of your bitcoin.

Mobile and Desktop Trading

  • Bull Bitcoin: Offers a straightforward desktop web platform with features like recurring buys, bill payments, and gift card purchases. It also works smoothly on mobile browsers, though it doesn’t yet have a highly polished app experience.

  • Beaver Bitcoin: Runs entirely through a minimal desktop and mobile web dashboard. There’s no dedicated mobile app, but the site is mobile-friendly and extremely easy to navigate, making it great for beginners.

Neither exchange is known for highly rated native mobile apps, but both have user-friendly desktop/web platforms that make Bitcoin purchases quick and simple.

Bull Bitcoin

Bull Bitcoin keeps things simple since all transactions happen via your bank, and every purchase goes straight to your own wallet. There aren't many features to get you confused, and the platform has improved a lot with the launch of their mobile app and open-source BULL Wallet.

UI of Bull Bitcoin platform

Major Screen

Buying bitcoin with interac e-transfer on Bull Bitcoin platform

Buying Bitcoin via Bull Bitcoin

Transaction screen on the mobile app

Transaction screen on the mobile app

Bull Bitcoin app screenshot

Security Compliance

Bull Bitcoin is one of the safest options in Canada because you always take full custody of your bitcoin, so you don't need to worry about hackers stealing funds sitting on the platform. There is still a small level of trust needed because you don't buy the bitcoin yourself and must wait a moment for it to be sent to your crypto wallet, but delivery is near instant, especially over Lightning.

  • 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.

  • 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. In July 2026, the company also obtained a MiCA licence through France's AMF, one of the strictest regulators in the EU, which says a lot about how seriously they take compliance.

Both platforms are registered with FINTRAC (Financial Transactions and Reports Analysis Centre of Canada) as Money Services Businesses (MSBs).

  • They comply with Canada’s Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA).

  • KYC is required for most services, though Bull Bitcoin allows limited cash purchases via Canada Post with less personal information.

Customer support

Bull Bitcoin's support is one of its strongest points, and customers consistently praise how fast and knowledgeable the team is. The platform holds a 4.9 to 5-star rating on Trustpilot with over 320 reviews, so it's clear that customers are extremely satisfied with the service.

  • Bull Bitcoin: Support via email ([email protected]), with business hours coverage. Strong Trustpilot rating (4.9★ from nearly 200 reviews).

  • 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.

Author

Oleg Galeev

Cryptocurrency Specialist

Oleg is a Canadian citizen & crypto expert who has been trading since 2016. He started out with Coinbase, Kraken and Peer-to-Peer exchanges. After some time, centralized exchanges started charging crazy fees to their users.

He decided to review different crypto exchanges that operate in Canada and start a Youtube channel in order to educate Canadians on what kinds of things are going inside each one while giving them unbiased advice. On top of that, Oleg also has experience with NFT, airdrops, and crypto staking and he is constantly checking on new crypto assets.

His writing has been featured in popular Canadian media sources such as Toronto Sun and Ottawa Citizen. 

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