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Vancouver BITCOIN
Cryptocurrencies and Bitcoin in Vancouver, BC
Vancouver, BC is a hub for innovation and technology in Canada, and it's no surprise that Bitcoin and cryptocurrencies have a strong presence in the city. Whether you're a seasoned investor or just starting to learn about digital assets, Vancouver has a lot to offer in terms of resources and opportunities.
Find your needs and select a exchange from the choices below.
Buying and Selling Bitcoin in Vancouver
One of the easiest ways to get started with Bitcoin in Vancouver is to buy and sell it through a local cryptocurrency exchange. Here are some of the most popular options:
- Vancouver Bitcoin: A Canadian-based company with in-store locations throughout the lower mainland. Offering experienced staff personnel and a safe location for all traders. Offers low fees and supports number of cryptocurrencies. Vancouver Bitcoin offers OTC services for large-scale transactions.
- CoinSmart: A Canadian-based exchange that supports a variety of cryptocurrencies, including Bitcoin, Ethereum, and Litecoin.
- Kraken: A global exchange that offers low fees and high liquidity, making it a popular choice for experienced traders.
- Coinbase: A user-friendly exchange that's ideal for beginners, with a simple interface and easy-to-understand pricing.
Bitcoin ATM in Vancouver
If you prefer to buy or sell Bitcoin in person, there are several Bitcoin ATMs located throughout Vancouver. These machines allow you to deposit cash and receive Bitcoin in return, or sell your Bitcoin for cash. Here are some of the most prominent Bitcoin ATMs in Vancouver:
Bitcoin ATM Vancouver: Located at 202-1807 Burrard St and 10392 King George Blvd, this Bitcoin ATM is open from 10:00AM to 6:00PM and offers both buying and selling services. Lowest fees in town with a Price beat guarantee.
BitNational: With multiple locations throughout Vancouver, BitNational is a convenient option for buying and selling Bitcoin and other cryptocurrencies.
Netcoins: Another popular Bitcoin ATM provider with several locations in Vancouver, Netcoins offers fast and easy transactions with competitive pricing.
Cryptocurrency Meetups in Vancouver
Crypto-Friendly Businesses in Vancouver
Crypto-Friendly Businesses in Vancouver
If you're interested in learning more about Bitcoin and cryptocurrencies, there are several meetups and events in Vancouver where you can connect with like-minded individuals and stay up-to-date on the latest industry developments. Here are some of the most active cryptocurrency meetups in Vancouver:
- Vancouver Crypto Network: This group hosts regular meetups focused on blockchain technology and cryptocurrency investing.
- Blockchain Vancouver: With over 2,500 members, Blockchain Vancouver is one of the largest cryptocurrency meetups in the city, with a focus on education and networking.
- Bitcoin Vancouver: A group dedicated specifically to Bitcoin and its impact on the global economy, Bitcoin Vancouver hosts regular events and workshops for enthusiasts and investors alike.
Crypto-Friendly Businesses in Vancouver
Crypto-Friendly Businesses in Vancouver
Crypto-Friendly Businesses in Vancouver
As Bitcoin and other cryptocurrencies become more mainstream, an increasing number of businesses in Vancouver are beginning to accept them as payment. Here are some of the most crypto-friendly businesses in the city:
- Steamworks Brewing Company: This popular Vancouver brewery accepts Bitcoin and other cryptocurrencies as payment for its craft beers and pub fare.
- The Hive: Located in Vancouver's trendy Gastown neighborhood, The Hive is a co-working space that accepts Bitcoin and other digital currencies as payment for its membership fees.
- Fleur de Lis: This luxury Vancouver florist accepts Bitcoin and other cryptocurrencies as payment for its stunning floral arrangements and gift baskets.
Bitcoin Mining Companies In Vancouver
Bitcoin Mining Companies In Vancouver
Bitcoin Mining Companies In Vancouver
Vancouver doesn't fall short when it comes to Bitcoin Mining companies within the city. The two largest mining companies in Canada are situated right here in Vancouver.
Hive Digital Technologies (HIVE.V)
Hive Digital Technologies Ltd is a Canada-based data centre company. The company owns green energy-powered data centre facilities in Canada, Sweden, and Iceland. The Companies infrastructure includes over 100 Megawatts of Bitcoin mining and a GPU cloud business powered by industrial-grade NVIDIA GPUs.
They are also listed on the Toronto Stock Exchange (TSX), NASDAQ and the FSE Stock Exchanges.
Hut 8 Corp. (HUT.TO)
Hut 8 Corp. is a data mining company that is based in Toronto, Ontario. The company engages in Bitcoin mining and hosting, managing services, energy arbitrage, operating traditional data centres, and utilizing new technologies. They have two locations in Vancouver operating high performance computer data centres and many other locations operating Digital asset production or utilizing high performance computer data centres.
They are also listed on the Toronto Stock Exchange (TSX) and the NASDAQ Exchange.
Bitcoin's History with Vancouver
Bitcoin Mining Companies In Vancouver
Bitcoin Mining Companies In Vancouver
Vancouver is home to the first-ever Bitcoin ATM machine back in 2013. Its humble start began at a local coffee shop and a year later was crowned as the "Bitcoin Capital of Canada" by straight.com. Vancouver is among seven cities leading Bitcoin adoption in 2015 and now has over 100 merchants. Leading in volume, Vancouver Bitcoin is one of the largest cryptocurrency exchanges by volume as a local operator.
Another notable accomplishment that originated in Vancouver is Dapper Labs. Dapper labs is known for its NFT's. One of Dapper Labs popular NFT's, CryptoKitties, have garnished a large following, eventually leading most of the industry. They have since created partnerships with the NBA, NFL, and Disney. They have a huge line-up of NFT's from their partnerships. NBA Top Shot, NFL All Day, and Disney's Pinnacle.
In more recent times, in 2021 Vancouver was selected as the location for BitMEX's North American office. BitMex is a Seychelles-based crypto exchange, which does over $1 Billion in volume daily. At the time, the CEO Alexander Höptner has praised the city saying "Vancouver is very attractive to us because of its business environment, rapidly developing crypto ecosystem, and abundance of top-tier talent."
Conclusion
Whether you're a seasoned crypto investor or just getting started, Vancouver has plenty of resources and opportunities for those interested in Bitcoin and other digital assets. From exchanges and ATMs to meetups and crypto-friendly companies and businesses, Vancouver is a vibrant hub for the blockchain and cryptocurrency communities.
Bitcoin Information
Bitcoin Halving
Recent Bitcoin News
Recent Bitcoin News
One of the biggest events of Bitcoin is the Bitcoin Halving. This event cuts mining rewards by half roughly ever 4 years.
Bitcoin's halving is a well-known event by the crypto community as it reduces the inflation of the total supply of Bitcoin. In 2024, we are expected to see this event occur in early-to-mid 2024, where the block reward will fall to 3.125 BTC per block.
Basics of Bitcoin Mining
Bitcoin mining is the process in which, computers or mining hardware participates in Bitcoin's blockchain network as a transaction validator. Bitcoin uses a system called proof-of-work (PoW) in order to validate transactions. The Proof-of-Work system works by using computers and mining hardware to solve encrypted hashes, which takes time and energy to solve. Mining confirms the legitimacy of the transactions and the coins itself.
Bitcoin Halving, What Is it?
For every 210,000 blocks mined, which translates to roughly every 4 years, the block reward given to Bitcoin miners for processing transactions is cut in half. This even is called halving because it cuts the production rate of new bitcoin, by half. Bitcoin's reward system will continue until roughly 2140, until all 21 million Bitcoin's are minded. At that point, miners will be rewarded based on the fees collected by processing transactions, which network users will pay, in turn still incentivizing miners to stay and participate on the network.
Last Bitcoin Halving
There have been 3 Bitcoin halving to this day:
1. Nov. 28, 2012 - Reduced From 50 to 25 BTC per block
2. July 9, 2016 - Reduced From 25 to 12.5 BTC per block
3. May 11, 2020 - Reduced From 12.5 to 6.25 BTC per block
Next Expected Halving will reduce the amount from 6.25 to 3.125 BTC per block
Recent Bitcoin News
Recent Bitcoin News
Recent Bitcoin News
Bitcoin has a multiple news platforms users use to get their information on what is going on in the crypto world. As Bitcoin's popularity grows, traditional news channels are joining pact by producing crypto related content of their own.
To find what news fits you, here is a list of all the crypto related content providers and exchanges:
Exchanges and Learning Centres
1. Vancouver Bitcoin - Offers in-person help with expert staff with years of experience to help you with regards to anything crypto. Vancouver Bitcoin also features their Educations page which has information tailed to Canadians, regarding taxes and other crypto related material. They also have a multiple sections featuring Crypto Basics, Bitcoin Guides, Bitcoin News, and their very own Cryptopedia. They are also a Canadian exchange offering services within Canada.
2. Binance Academy - Binance is the worlds largest cryptocurrency exchange, however, Binance no longer serves clients based in Canada due to regulatory uncertainties. Their Academy is still up and available which has a huge directory of learning products you can read. They cover topics from Information on Blockchain technology to more complicated topics such as Sharding.
Cryptocurrency News Outlets
1. Cointelegraph - Founded in 2013, Cointelegraph is a leader in independent digital media resources, covering a wide range of new on cryptocurrencies and blockchain technology.
2. CoinDesk - Founded in May 2013, has became one of the most renounced news site for bitcoin and digital currencies. They feature the most up-to-date crypto news. They are well-know for their Consensus Conventions.
3. Decrypt - Founded in 2018, its mission was "to demystify the decentralized web." They are one of the fastest growing news outlets, covering a large variety of news related to cryptocurrencies and blockchain technology