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Bitcoin Well Inc V.BTCW

Alternate Symbol(s):  BCNWF

Bitcoin Well Inc. is a Canada-based company engaged in the non-custodial bitcoin business. It makes bitcoin useful to everyday people to give them the convenience of modern banking. The company operates two business units, consisting of Bitcoin ATMs and the Non-custodial bitcoin platform (Online Bitcoin Portal). The Bitcoin ATM business unit operates a fleet of approximately 190 Bitcoin ATMs placed and operating throughout Canada. The Online Bitcoin Portal platform offers customers the fastest and safest way to buy, sell and use bitcoin online in Canada and the United States of America. This business unit is designed to offer bank-like functionality coupled with the benefits of bitcoin. Its products include ATM, OTC, Buy bitcoin, ell, bitcoin, Use bitcoin, E-transfer, Cash Vouchers, Bitcoin Well Agent, and Bitcoin Well affiliate. Its smash buy provides services to buy real bitcoin instantly and send dollars from your bank and receive bitcoin on the blockchain as soon as it arrives.


TSXV:BTCW - Post by User

Comment by foundalphaon Jul 30, 2021 1:16pm
148 Views
Post# 33632624

RE:RE:Link to Bitcoin Well fact sheet

RE:RE:Link to Bitcoin Well fact sheetI believe there is a 'commission' or fee embedded in the bid/ask Bitcoin price. This is similar to when one purchases a bond from a bond dealer or when buying paper currency from a bank or currency shop. I believe the embedded fee ranges between 2 and 12%, likely around 8%. Why would someone use at ATM? I can think of a few reasons: ease of completing a transaction quickly (as opposed to opening an online account - anyone enjoyed the pain of opening a Binance account?); preference for non-custodial ownership of Bitcoin; an easy way to invest cash.
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