Buying and Selling Bitcoin With Us
Buying and Selling Bitcoin
Bitcoin Victoria is an over-the-counter cryptocurrency exchange. You buy directly from us and sell directly to us.
Before the trade
First, contact us and let us know how much you are Bitcoin you're looking to buy or sell. We'll then give you a quote based on the size of the trade and your desired method of payment.
At the trade
Due to Bitcoin's high price volatility, we wait until you are at our office to lock price. As a buyer, once you pay we immediately send the Bitcoin to your wallet. As a seller, once you send us the Bitcoin, we immediately cash you out via your preferred method (cash, e-transfer, etc.)
Our Fees
We are transparent about our fees and never try to hide them from you. We take a single fee per trade, which is a percentage applied to the market price of Bitcoin. This percentage falls as the size of the trade rises. Let's say the rate is 3%. For buyers, this means we are selling you Bitcoin at 3% above spot price. For sellers, this means we are buying Bitcoin from you at 3% below spot price.
Before the trade
First, contact us and let us know how much you are Bitcoin you're looking to buy or sell. We will then give you a quote based on current market price. As a buyer, If you're looking to purchase $5000 worth of Bitcoin, for example, we'll tell you how much Bitcoin that would get you. If you tell us you want to purchase 0.5 BTC, we'll tell you how much that would cost. As a seller, if you're looking to sell $20,000 worth of Bitcoin, for instance, we'll tell you how much Bitcoin you'd need to sell. Meanwhile, if you tell us you want to sell 1.5 BTC, we'll tell you how much CAD you'd receive in exchange.
At the trade
Due to Bitcoin's high price volatility, we wait until you are at our office to lock price. We arrive at this price by executing an order on the world's most liquid online exchange, right in front of you. The price at which this order executes is the price used for the trade. As a buyer, once you pay we immediately send the Bitcoin to your wallet and provide you with a receipt. As a seller, once you send us the Bitcoin, we immediately cash you out via your preferred method (cash, e-transfer, etc.)
Our Fees
We are transparent about our fees and never try to hide them from you. We take a single fee per trade, which is a percentage applied to the market price of Bitcoin. This percentage falls as the size of the trade rises. Let's say the rate is 3%. For buyers, this means we are selling you Bitcoin at 3% above spot price. For sellers, this means we are buying Bitcoin from you at 3% below spot price. Continue below for examples.
- You are purchasing $3000 worth of Bitcoin.
- The fee for this trade is 4%.
- The current spot price of Bitcoin is $15,000.
- We sell you Bitcoin at 15,000 * 1.04 = $15,600/BTC.
- For $3000, you would get 3000/15,600 = 0.18182 BTC
- You are purchasing 1.5 BTC
- The fee for this trade is 3%.
- The current spot price of Bitcoin is $20,000.
- We sell you Bitcoin at 20,000 x 1.03 = $20,600.
- 1.5 BTC would cost you 20,600 * 1.5 = $30,900.
- You are selling $3000 worth of Bitcoin
- The fee for this trade is 4%.
- The current spot price of Bitcoin is $20,000.
- We buy your Bitcoin at 15,000 * 0.96 = $14,400/BTC.
- To get $3000, you’d sell us 3000/14,400 = 0.2083 BTC.
- You are selling 1.5 BTC
- The fee for this trade is 3%.
- The current spot price of Bitcoin is $20,000.
- We buy your Bitcoin at 20,000 * 0.97 = $19,400/BTC.
- For 1.5 BTC, we would pay you 1.5*19,400 = $29,100
- You are purchasing $3000 worth of Bitcoin.
- The fee for this trade is 4%.
- The current spot price of Bitcoin is $15,000.
- We sell you Bitcoin at 15,000 * 1.04 = $15,600/BTC.
- For $3000, you would get 3000/15,600 = 0.18182 BTC
- You are purchasing 1.5 BTC
- The fee for this trade is 3%.
- The current spot price of Bitcoin is $20,000.
- We sell you Bitcoin at 20,000 x 1.03 = $20,600.
- 1.5 BTC would cost you 20,600 * 1.5 = $30,900.
- You are selling $3000 worth of Bitcoin
- The fee for this trade is 4%.
- The current spot price of Bitcoin is $20,000.
- We buy your Bitcoin at 15,000 * 0.96 = $14,400/BTC.
- To get $3000, you’d sell us 3000/14,400 = 0.2083 BTC.
- You are selling 1.5 BTC
- The fee for this trade is 3%.
- The current spot price of Bitcoin is $20,000.
- We buy your Bitcoin at 20,000 * 0.97 = $19,400/BTC.
- For 1.5 BTC, we would pay you 1.5*19,400 = $29,100
Get in Touch
Contact us today with any questions you have or to set up a trade. We look forward to hearing from you!
- 250-686-5873
- hello@bitcoinvictoria.ca
-
408B - 535 Yates St, Victoria, BC
**By appointment only.