Bull Bitcoin Review 2024: Buy No-KYC Bitcoin In Canada

In this Bull Bitcoin review, we will have a look at the features of this Canadian exchange. Bull Bitcoin, exclusively dedicated to Bitcoin, offers the unique opportunity to purchase BTC anonymously and provides various other functionalities.

As the year unfolds and Bitcoin continues to solidify its position as the premier asset in the financial markets, an increasing number of individuals are seeking to acquire this digital currency.

When it comes to obtaining Bitcoin without revealing personal infos, Bull Bitcoin emerges as a top-notch choice. Offering a range of purchase methods, including no-KYC options using cash at Canadian post offices, as well as traditional soft-KYC methods like Interac e-transfer, Wire Transfer (Swift), and Desjardins Transfer, Bull Bitcoin provides a comprehensive solution for cryptocurrency enthusiasts in Canada.

In this review of Bull Bitcoin, we will delve into this unique exchange, highlighting its significance for Canadians interested in acquiring Bitcoin.

๐Ÿ‘‰ Click here to join Bull Bitcoin and receive a bonus of $20.

FEATURE DESCRIPTION
๐ŸŒ Website bullbitcoin.com
๐Ÿ™๏ธ Location Montreal, Canada
๐Ÿ“… Year Founded 2015
๐Ÿ’ฐ Primary Token Bitcoin (BTC)
๐Ÿ“ˆ Listed Crypto Bitcoin Only
๐Ÿ’ฑ Trading Pairs BTC/CAD
๐Ÿ’ต Supported FIAT CAD
๐ŸŒ Supported Countries Canada, Costa Rica
๐Ÿ’ฐ Minimum Deposit $10 CAD
๐Ÿ’ธ Deposit Fees No deposit fees
๐Ÿ’ฐ Daily Buying Limit $999.99 CAD per transaction, $2,000.00 CAD daily (Cash at Post Office)
๐Ÿ’ฑ Trading Fees Buy: No Fees (Market Price has a premium), Sell (Bylls Service): As Low As 0%
๐Ÿ’ธ Withdrawal Fees Bitcoin Network Fees
๐Ÿ“ฑ Mobile App N/A
๐Ÿ’ฌ Customer Support 24/7 customer support available through live chat, email, telephone

How Bull Bitcoin Works?

Bull Bitcoin Overview
Bull Bitcoin Overview

Bull Bitcoin operates as a non-custodial Bitcoin exchange, meaning it does not hold users' funds.

It's crucial to distinguish between the two primary methods by which Bull Bitcoin operates: one offers complete anonymity with a non-KYC approach through cash deposits at the post office, while the other involves more traditional options like transferring funds through your bank account.

Here's how Bull Bitcoin works in three simple steps:

  1. Fund Your Account:
    • Transfer funds from your Canadian bank account, either through regular e-transfers or large wire transfers.
    • Payments are processed quickly, with no funding fees.
    • Bull Bitcoin accommodates users from various Canadian banks.
  2. Add Your Bitcoin Address:
    • Click "Buy Bitcoin" and specify the desired amount.
    • Input your Bitcoin wallet address for receiving the purchased Bitcoin. You can also use the Lightning or Liquid network.
    • If you don't have a Bitcoin wallet, Bull Bitcoin offers guidance for installation.
  3. Buy Bitcoin:
    • After confirming your order, Bull Bitcoin creates a real Bitcoin transaction.
    • The purchased Bitcoin is sent directly to your provided Bitcoin wallet address.
    • If you prefer a dollar-cost averaging strategy, Bull Bitcoin offers a "recurring buy" option to automate regular Bitcoin purchases.

In essence, Bull Bitcoin provides a straightforward method for Canadians to purchase Bitcoin by offering a non-custodial platform with easy funding, straightforward Bitcoin purchases, and an option for recurring investments.

Bull Bitcoin Features

The features of Bull Bitcoin are quite extensive, as this exchange founded in 2013 has evolved by refining more and more over the years. Let's have a look at the main ones.

Buy Bitcoin

Bull Bitcoin Buy Bitcoin
Bull Bitcoin Buy Bitcoin

Bull Bitcoin provides a unique way to buy Bitcoin in Canada, allowing users the choice of anonymity. Notably, it's a non-custodial exchange, emphasizing the use of your hardware wallet. Beyond traditional on-chain Bitcoin, it also supports Lightning and Liquid Bitcoin (L-BTC) on the Liquid Network.

Payments (Sell Bitcoin)

Bull Bitcoin Sell Bitcoin
Bull Bitcoin Sell Bitcoin

Bull Bitcoin transforms the concept of "selling Bitcoin" into a practical spending option. It isn't a typical peer-to-peer trading platform but allows users to directly use their BTC for everyday expenses and bills. Additionally, users can send dollar payments to Canadian bank accounts through the platform.

Prime

Bull Bitcoin Prime
Bull Bitcoin Prime

Prime is a specialized advisory service designed for high-net-worth individuals, corporations, and institutions aiming to enhance their Bitcoin strategies. It caters to clients with unlimited transaction volumes, corporate treasury needs, and business payment requirements. Prime clients benefit from dedicated phone support and personalized management assistance.

Who Created Bull Bitcoin?

When signing up for any platform, it's wise to consider the identity of its creator, even for significant solutions like Bull Bitcoin.

Francis Pouliot, the CEO and Founder of Bull Bitcoin, has been a dedicated Bitcoin entrepreneur, researcher, and industry advocate since 2013. He is known for his expertise in developing financial software and services specifically for Bitcoin.

Within the industry, he enjoys recognition for his unwavering commitment to a Bitcoin-exclusive vision, making him a prominent figure in the field.

Bull Bitcoin Quick Review

If you're short on time to read this entire Bull Bitcoin Review, here's a quick version we've prepared. It succinctly analyzes the key features of this exchange, point by point, to provide you with the essential insights.

Category Feature Score
๐Ÿ” Privacy & Security (35/50)
๐Ÿ•ต๏ธ Non-KYC The exchange doesn't enforce the KYC to every user 10/10
๐Ÿ” Non-Custodial The exchange is non custodial, users can withdraw their funds 10/10
๐Ÿ‘ฅ Peer To Peer The exchange doesn't offer P2P trading 1/5
๐ŸŒ Decentralization The exchange is centralized 1/5
๐Ÿ”’ Encryption The exchange encrypts all confidential data transfers 5/5
๐ŸŒ TOR Connection It's not possible to connect to the exchange with TOR 1/5
๐Ÿ“‚ Open Source Some software used by the exchange is open source 2/5
๐Ÿ“ฑ 2FA The exchange offers two-factor authentication 5/5
๐Ÿš€ Features (43/50)
๐Ÿ–ฅ๏ธ User-Friendly UX Very easy to use, clean UX 5/5
๐Ÿ’ต Fiat Onramp/Offramp Onramp and offramp available 5/5
๐Ÿ’ธ Taker Fee 0% (Market Price has a premium) 4/5
๐Ÿ’ธ Maker Fee 0% (Market Price has a premium) 4/5
๐Ÿ’ธ Withdrawal Fee Based on the Bitcoin network current mempool fees 5/5
โ˜Ž๏ธ Customer Service Available via chat and ticket 4/5
๐Ÿ“š Documentation Plenty of documentation on the official website 5/5
๐Ÿšฎ Altcoins No altcoins supported 1/5
โšก Lightning Network Withdrawal/Deposit The exchange support the possibility to withdraw/deposit Bitcoin using the lightning network 5/5
๐Ÿ’ง Liquid Network Withdrawal/Deposit Not possible to withdraw or deposit Bitcoin with the liquid network 5/5
๐Ÿงฑblockdyor Score (78/100)

How To Get Started On Bull Bitcoin

Getting started on Bull Bitcoin is a quick and easy process, made even easier by the fact that you don't need to complete KYC verification or provide your personal information.

You can register on the platform using just your email and password. Once registered, you're ready to visit a post office, add funds to your Bull Bitcoin account (preferably with cash for increased anonymity), and proceed to purchase Bitcoin. Let's walk through the steps to achieve this.

Open An Account

To begin, sign up for an account using the official link provided below. As a special incentive, upon signing up, you'll receive a generous bonus of $20. This bonus can be redeemed once you've successfully completed your initial funding order.

๐Ÿ‘‰ Click here to join Bull Bitcoin and receive a bonus of $20.

Bull Bitcoin Sign Up Step 1
Bull Bitcoin Sign Up Step 1
  • After clicking on the link, you will be redirected on the Bull Bitcoin signup page. Enter your email and click on "Get Started" to continue.
Bull Bitcoin Sign Up Step 2
Bull Bitcoin Sign Up Step 2
  • The next step is typing the informations that Bull Bitcoin asks. They are quite minimal: just the email (1), the password (2), password confirmation (3) and account type (4). When you filled all the infos, click on "Sign Up".
Bull Bitcoin Sign Up Step 3
Bull Bitcoin Sign Up Step 3
  • Now, please check your inbox for an email sent by Bull Bitcoin. Click on the prominent red button that says "Click here to validate your email." Once you've done this, you're all set to begin your journey on Bull Bitcoin!

Buy No-KYC Bitcoin

If you're reading this review, it's likely because you're interested in learning how to leverage one of Bull Bitcoin's highly-praised features: the ability to purchase Bitcoin without requiring identification.

As you may have noticed during the registration process, Bull Bitcoin does not mandate any ID, maintaining this level of anonymity throughout the No-KYC Buy Bitcoin process.

This same degree of privacy extends to your chosen payment method, especially when using cash, which is inherently untraceable and strongly recommended for such transactions (but you can also use your credit card or whatever any other method accepted). Let's explore the process in more detail.

To get started, please keep in mind that you will need:

  • To be physically in Canada (although it's not entirely clear if you must be a resident, the absence of KYC suggests otherwise).
  • Knowledge of the location of the nearest Canada Post outlet.
  • An active Bull Bitcoin account with at least your name and email verified (KYC is not required).
  • Cash on hand (the amount doesn't matter, even $10 is sufficient).

Let's now walk through the steps to achieve this.

Bull Bitcoin Buy No KYC Bitcoin At The Post Office Step 1
Bull Bitcoin Buy No KYC Bitcoin At The Post Office Step 1
  • Locate the closest post office, a task made simple with the Canada Post website. Enter your address or postal code, then click on the Search button.
Bull Bitcoin Buy No KYC Bitcoin At The Post Office Step 2
Bull Bitcoin Buy No KYC Bitcoin At The Post Office Step 2
  • Based on your location, the website will display a map featuring all the nearby post offices. It's important to note that all of these post offices support Bull Bitcoin, so you can choose the one that is closest to you.
Bull Bitcoin Buy No KYC Bitcoin At The Post Office Step 3
Bull Bitcoin Buy No KYC Bitcoin At The Post Office Step 3
  • Enter the Canada Post location and approach the cashier, requesting them to scan the "Loadhub" QR code visible on your Bull Bitcoin Dashboard.
Bull Bitcoin Buy No KYC Bitcoin At The Post Office Step 4
Bull Bitcoin Buy No KYC Bitcoin At The Post Office Step 4
  • Inform the cashier of the desired load amount, ranging from $10 to $999.99.
  • Proceed to make the payment using either cash or a debit card.
๐Ÿ’ก
For maximum anonymity, cash is the recommended method.
  • Upon completing the transaction, the cashier will provide a printed receipt; ensure you retain it as your payment confirmation.
  • The funds will reflect in your Bull Bitcoin account balance within 30 minutes.
  • Once the funds are available, you can start the purchase of Bitcoin by visiting Bull Bitcoin and clicking on the "Buy Bitcoin" option.
Bull Bitcoin Buy No KYC Bitcoin At The Post Office Step 5
Bull Bitcoin Buy No KYC Bitcoin At The Post Office Step 5
  • The recently topped-up balance from the Post Office will promptly appear in your Bull Bitcoin account. Navigate to the sidebar and click on the "Buy Bitcoin" button to access the interface for placing your purchase.
  • On the left, you'll find the available amount, while on the right, you can view the balance (1) and the fees (which are zero, given Bull Bitcoin's profit model relies on the spread) (2). Importantly, the amount of Bitcoin you receive (3) will precisely match the calculation based on Bull Bitcoinโ€™s โ€œWe Sellโ€ rate.
  • Additionally, you have the flexibility to receive Bitcoin on-chain, through the Lightning Network, or even Liquid L-BTC (4).

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  • Finally, include the payment address (5), specifying a Bitcoin (BTC) on-chain address in this case. Once all required information is added, click the prominent red button at the bottom (6). Confirm the details, and the order will be completed.
  • The funds will be deposited in just a few minutes if you choose BTC on-chain, or even faster if you opt for LN or Liquid.

Bull Bitcoin Fees & Limits

As previously mentioned, Bull Bitcoin operates on a fee-free model but employs a spread business model. This entails applying a marginally lower rate when users sell Bitcoin to the platform ("We Buy" rate) and a slightly higher rate when users purchase Bitcoin from the platform ("We Sell" rate).

Service Transaction Type Daily Volume Processing Fee
Buy/Sell Bitcoin - - Spread (No additional fees)
Bylls Service Pay Bills or Sell Bitcoin Below $100.00 CAD 0%
Bylls Service Pay Bills or Sell Bitcoin $100.00 CAD to $1,000.00 CAD 0.5%
Bylls Service Pay Bills or Sell Bitcoin $1,000.00 CAD to $3,000.00 CAD 0.75%
Bylls Service Pay Bills or Sell Bitcoin $3,000.00 CAD to $10,000.00 CAD 1%
Bylls Service Pay Bills or Sell Bitcoin Over $10,000.00 CAD 1.25%

External services such as the top-up option at Canada Post do come with additional fees. Canada Post imposes a fixed fee structure for this service, charging $3.50 for amounts ranging from $10 to $500 and $3.95 for amounts between $500 and $1000.

Bull Bitcoin Reviews & Opinions

Bull Bitcoin Trustpilot
Bull Bitcoin Trustpilot

What do Canadians have to say about Bull Bitcoin? After quickly reading over 180 reviews on Trustpilot, it's evident that the majority are overwhelmingly positive.

Bull Bitcoin is widely praised for being non-custodial, enabling bill payments with Bitcoin, and maintaining a KYC-free approach.

Users express high satisfaction with the service, and the platform's legitimacy is further reinforced by its extensive track record dating back to 2015.

Bull Bitcoin Alternatives & How They Compare

Seeking alternatives to Bull Bitcoin is a challenging task, particularly within the Canadian market. I am unaware of any other platforms that offer the same combination of non-custodial services and robust anonymity features as Bull Bitcoin. However, I have identified some platforms that might offer some anonymity when buying bitcoin.

Feature Bull Bitcoin Bisq Hodl Hodl Agoradesk
Fees 0% (spread model) 1.3% (0.15% for the maker, 1.15% for the taker) 0.55% to 0.6% split buyer/seller evenly (max 0.3% per trade) Maker: $2 for $200 (1%), Taker: $0 for $200 (0%)
BTC only Yes No No No
No KYC Yes Yes Yes Yes
Non-Custodial Yes Yes Yes Yes
Decentralized No Yes No No
Cash Supported Yes Yes Yes Yes
Lightning Supported Yes No Yes Yes
iOS/Android App No Yes No Yes
Read Reviews - Read our Bisq review Read our Hodl Hodl review Read our Agoradesk review

Bull Bitcoin vs Bisq

The primary common traits between Bull Bitcoin and Bisq is their emphasis on anonymity. However, Bisq's anonymity is more pronounced when using cash, although it may not match the anonymity level of buying BTC at the Post Office with Bull Bitcoin. A notable feature of Bisq is its time-locked transactions, enhancing safety through multisig escrow.

Bull Bitcoin vs Hodl Hodl

Hodl Hodl operates as a centralized P2P marketplace, offering diverse payment methods for buying Bitcoin. While it includes cash payments, meeting in person for cash exchanges may pose security concerns. Nevertheless, Hodl Hodl supports various payment options for both buying and selling Bitcoin.

Bull Bitcoin vs Agoradesk

Agoradesk, similar to Hodl Hodl, is available through a web app and iPhone apps. Being entirely open-source allows users to verify the software. Agoradesk facilitates P2P Bitcoin transactions, offering buying and selling options. Its key advantage lies in being non-KYC and globally accessible, with automatic filtering of offers based on the user's country.

Bull Bitcoin Pros & Cons

While it may be a stretch to identify cons with Bull Bitcoin, one notable aspect that could enhance user experience is the absence of a dedicated app. Additionally, the platform's availability exclusively in Canada might limit its global reach. Imagining a scenario where Bull Bitcoin is accessible worldwide could significantly amplify its usage, particularly due to its genuine non-KYC features.

On the positive side, Bull Bitcoin boasts extensive experience in the markets, maintaining its commitment as a Bitcoin-only exchange. Its innovative feature allowing bill payments with Bitcoin (selling Bitcoin) adds practicality. Noteworthy is its continuous drive for improvement, exemplifying resilience despite its longstanding presence in the industry.

Pros Cons
โœ… True No-KYC Bitcoin Buy โŒ Only available in Canada (and Costa Rica)
โœ… Longstanding Presence โŒ No smartphone apps
โœ… Bitcoin Only
โœ… Pay Bills With Bitcoin
โœ… 0% Fees
โœ… Non Custodial

Is Bull Bitcoin Right For You?

This is likely the first instance where my confidence in an exchange's quality is unwavering. The sole drawback of Bull Bitcoin is its suitability primarily for Canadian residents.

Nevertheless, it's worth noting that even tourists may have the opportunity to anonymously purchase Bitcoin at a post office through Bull Bitcoin. The entire process is no-KYC and doesn't necessitate a post office account, potentially making it accessible for temporary visitors as well.

Bottom Line

Bull Bitcoin stands out as a robust and trustworthy platform, particularly for Canadian users. Its emphasis on non-custodial services, genuine non-KYC features, and innovative functions like bill payments with Bitcoin contribute to its unique appeal.

While the lack of a dedicated app and limited global availability are potential considerations, Bull Bitcoin's extensive experience, commitment to Bitcoin principles, and continual drive for improvement make it a commendable choice for those seeking a reliable and privacy-focused exchange within the Canadian market.

๐Ÿ‘‰ Click here to join Bull Bitcoin and receive a bonus of $20.

Bull Bitcoin Evaluation

Bull Bitcoin combines the benefits of centralized solutions with avenues to acquire Bitcoin without KYC requirements. It boasts one of the highest scores among Bitcoin-only exchanges that we've reviewed thus far.

Reputation: Bull Bitcoin maintains a strong reputation in the cryptocurrency space, particularly among Canadian users. Its commitment to security, non-custodial services, and genuine non-KYC features positions it as a trustworthy platform.

Technology: Bull Bitcoin's platform is meticulously crafted with a primary focus on security and reliability, aligning with the high standards of the Bitcoin industry.

Customer Service: Bull Bitcoin primarily relies on chat and emails for customer support, aiming to provide timely responses. While there might be occasional reports of delays, the commitment to user privacy and security is evident.

Fees: Bull Bitcoin maintains transparency in its fee structure, offering competitive 0% fees thanks to its spread model even for the non-KYC Bitcoin.

Ease of Use: Bull Bitcoin's platform is designed for simplicity, allowing users to navigate seamlessly. The emphasis on non-custodial services and educational resources enhances the user experience.

Frequently Asked Questions (FAQ)

How do I buy Bitcoin on Bull Bitcoin?

To buy Bitcoin on Bull Bitcoin, you can fund your account through various methods, including cash deposits at the post office or traditional bank transfers. After adding your Bitcoin address, you can confirm the order, and the purchased Bitcoin will be sent directly to your wallet.

Is Bull Bitcoin anonymous?

Yes, Bull Bitcoin prioritizes user anonymity. The platform offers non-KYC (Know Your Customer) options, allowing users to buy Bitcoin with a focus on privacy, especially when using cash at the post office.

In which regions is Bull Bitcoin available?

Bull Bitcoin is currently available exclusively in Canada. While this restricts its global reach, the platform's features, including its non-KYC services, make it a prominent choice for users within the Canadian market.