TORONTO, Dec. 12, 2022 (GLOBE NEWSWIRE) — Officially launched today, Beaver Bitcoin is a no-holds-barred exchange that allows Canadians to set up automatic weekly Bitcoin purchases directly from their bank accounts. From now until the end of the year, customers can try the service for free.
A popular buying strategy to avoid speculation in volatile markets, the goal of automated weekly purchases is simple: Accumulate more Bitcoin over time. The method complies with Bitcoin’s core value of self-custody and eliminates the risks associated with custody exchanges.
“We have seen how custody exchanges misuse their customers’ funds to make very risky transactions. When these exchanges collapse and declare bankruptcy, their customers lose everything.” said Aubrey Jesseau, founder and CEO of Beaver Bitcoin. “We see an opportunity to serve Canadians in a way that existing platforms and exchanges have not. It gave me access to the waves.”
Non-custodial exchanges work by delivering bitcoins to customer-controlled bitcoin addresses as soon as they are purchased. Exchanges do not hold Bitcoins on behalf of their customers.
A great user experience that will appeal to both novice and veteran Bitcoiners, Beaver Bitcoin customers can choose their weekly Bitcoin purchase amount in Canadian dollars, track bank transfers and the status of completed purchases, and buy at any time. can be paused or canceled. To receive and hold bitcoins, the company encourages new users to try the mobile bitcoin wallet BlueWallet, available on the app store.
For more information, please visit beaverbitcoin.com.
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