📬Introduction
Yesbit OTC — [Buy and Sell Cryptocurrency with Fiat Currency] service was started in 2018, providing the service of buying and selling cryptocurrency with Canadian dollars. In the past four years, as one of the few Fintrac MSB licensed institutions in Canada, thousands of users have been served accumulatively, and the trading amount of buying and selling cryptocurrencies with fiat currency has achieved an annual growth rate of 50%.
At Yesbit OTC platform, we support the use of e-transfer to deposit and withdraw Canadian dollars, so that users can purchase and sell cryptocurrencies such as USDT and BTC on the platform. ID Verification, deposit, and purchase can be completed in 3 minutes. Currently, the transaction fee for depositing and withdrawing Canadian dollars has been adjusted to 0%. This means that for all users, we don’t charge any deposit or commission fees and offer competitive spreads. The fee schedule is straightforward so you know exactly what you pay and what you get.
More importantly, the smooth operating process improves the liquidity of the platform, making payments that can be received immediately either by deposit or withdrawal.
Canadian dollar recharge/withdrawal channel
Support payment by Interac e-Transfer / Wire Transfer to deposit/withdraw Canadian dollars to the OTC platform account wallet/bank account. The payment limit of Interac e-Transfer is C$100–10,000. For transactions more than C$10,000, customer support needs to be contacted and the payment needs to be done via Wire Transfer. After the deposit succeeded, you can immediately use the CAD in the account wallet to buy cryptocurrencies such as USDT.
Transaction record review
Users can view Order & Funding history and status in the account.
Order credentials
The user will receive a reminder email for every successful deposit and withdrawal transaction, and canceled order.
KYC optimization
Yesbit OTC ensures that users operate in person by using technologies such as facial keypoint detection and face tracking. Adopting the method of terminal + cloud cooperation, high-precision judgment, fast speed, and high security, which makes users easy to operate and prevent users from being attacked by faces.
1-on-1 service
Provide deposit and withdrawal services in North America, 1-on-1 service from initial expert consultation until transaction completed, we provide first-class service during the process.
Compliance
Yesbit OTC is one of the few Fintrac MSB licensed institutions in Canada. The Canadian Fintrac MSB license is a type of financial license supervised and issued by The Financial Transactions and Reports Analysis Centre of Canada. Before a money services business can start operating in Canada, it must be registered with the MSB license on FINTRAC. Money Services Businesses (MSBs) operating in Canada are subject to Canadian Anti-Money Laundering (AML) and Counter Terrorism Financing (CTF) requirements. In addition to regulating the industry, FINTRAC receives regular reports from licensed MSB agencies and issues updated industry regulations for the industry. Therefore, the MSB license means that Yesbit OTC must conduct KYC regularly and ensure the legal compliance and security of all customer accounts. This also shows that Yesbit OTC will have easier access to stable banking payment processing solutions.
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