Vault of Satoshi expands Canadian bitcoin exchange market
A new Canadian exchange launched this week, offering cheaper rates than the incumbent, and touting an advanced API. Toronto-based Vault of Satoshi is offering trades between fiat currency and either bitcoin or litecoin. The exchange, which is offering all of its services at 0.5% or below, is entering a relatively uncrowded market in Canada. The incumbent is Virtex, a Canadian exchange with fees of 1.5% for transactions less than 400 bitcoins over 120 days. To get the 0.5% rate from Virtex, you'd need to trade more than 2,000 bitcoins over three months. "I would say that we have one of the....
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Canadian cryptocurrency exchange Vault of Satoshi recently updated its clients about their concrete decision to shut down next month - on February 5th. According to the founders, their exchange was running smoothly - without any insolvency, stolen funds, and any other ill-fated scenario - so people should not perceive anything negative about Vault of Satoshi. On the other hand, the decision to seal this exchange forever was taken to fulfill other, and better, opportunities. Here is an excerpt that explains it better: "Our founders and team of developers began work on a new,....
Bitcoin exchange Vault of Satoshi (VOS) today made an announcement that could be considered great news for those in Canada. "As of today, we are allowing Canadian Balances on the site," it says in the statement. "We have also built in a currency exchange to work with the USD and CAD pairs (on the menu). Bill payments are very close and being tested." Vault of Satoshi says that in about two weeks, they'll be accepting in-person deposits at their office outside of Toronto for those with a Canadian debit card. Certified checks are also a viable means of account funding, according to VOS. Side....
Canadian bitcoin exchange Vault of Satoshi is doing some interesting things (no, they aren't paying us to say that). A mere two days ago, they announced some new features and the news they've reached a whopping 40,000 users. Today, they've gone live with a new promotion that offers clients free trading and free account deposits until the 1st of July. The announcement was made in the usual fashion: via the ever-popular bitcoin community on Reddit. Writes Adam Cochran, director of marketing at the exchange: We at Vault of Satoshi have always been proud to push the envelope and we like to....
Bitcoin exchange Vault of Satoshi today launched a full public proof-of-solvency service for its customers, saying it is the first digital currency exchange in the world to do so. The "unapologetically Canadian" company has embarked on a string of compliance and transparency initiatives in the past months. In March, it received a full Money Services Business licence to operate in all provinces of Canada and serve international customers in listed countries. Vault of Satoshi (VoS) said its new proof-of-solvency system is "not just an audit", but provides full proof via cryptographic trees....
Canadian bitcoin exchange Vault of Satoshi announced today it had gained a full Money Services Business license in its native country, after spending "some time" in a probationary period. Announcing the license on Reddit, Director of Marketing Adam Cochran wrote: "Vault of Satoshi has always gone the extra mile to be a 'by the books' exchange. We've always been a registered corporation, let users know who we are, always reported to FinTrac, we follow all the same regulations as a currency exchange, and we operate inside all Canadian regulations on financial services." The license is....