Toronto Bitcoin Center

A little pricey. Fee is unreasonable in my opinion. Bitrust is better, $50 fee
May 24th, 2023

Excellent service and exchange rate. Good to be able to interact with a person while dealing with in a secure location. Highly recommended.
Mar 6th, 2023

Great customer service!
Jan 10th, 2023

Great group of people! Helpful.
Sep 16th, 2022

They need 6 confirmations if you were looking to sell BTC (this is an 80% chance that they'll get it within an hour). On the flip side, there's a potential chance it could take much longer. 97% chance within 2 hours. 3% chance at 6 hours. This is the bitcoin network, we wouldn't really have any control on any of the blocks. The first confirmation is usually good enough as it depends on the network fees. High fees = higher chance of confirmation. Low fees = wait an indeterminate long time. But the other +5 is at the mercy of the bitcoin network. Currently, looking at their rates, selling bitcoin is at spot price (comparable to the google rate). For buying BTC, they charge you +~8.7%. I'd recommend you try shopping around for rates to compare. Again, reference their website for the rates, you don't have to take my word for it. They only take bitcoin, no other coins available. --------------------- In response to the owner's response in regards to "fraudulent activities", this is bitcoin we are talking about. I don't know where the fraudulent part would come because in this particular case, you are receiving bitcoin and providing cash. I don't see any potential for fraud here if the bitcoin is being sent to your wallet. The only cases where your bitcoin is withdrawn from your wallet after being sent is in the case of a 51% attack/double spend. For the 51% attack, for any transactions below 10k, the possibility of that is 0. The cost to perform such an attack on this transaction would cost hundreds of millions to do as they'd have to take over the majority of minors and achieve consensus on a longer blockchain. They are not able to spend btc prior to the attack, only control what coins are spent and what get's on the network. In the case of a double spend, if they send with a low fee, 1 confirmation does just as much as 6 confirmations. Because a low fee only will affect the first confirmation time, which could take hours. Once confirmed on the network, the bitcoin will be increase in confirmations as the next blocks are confirmed. Again, I'm not doubting your staff to follow those policies, you, as the business, is in the right to be able to set the policies you feel are fair and work for you as well as whatever rates you'd like to set. But for me, as a customer/client, I did not have the time to adhere to your policy. (6 confirmations is est 1 hour. As stated, bitcoin network could be slow and could take over 4 hours, what happens then? I came near the end of your business day, and what if there aren't 6 confirmations in by the time the business is going to close, what then? I'm not going to come back in the morning to pick up the money.) In any case, I was unable to wait an hour and for this size of transaction, i would rather just go somewhere else as it'll be quicker and more efficient. I strongly urge you to look at your competition, by that i mean those that deal with crypto as their *primary business*, not as an FX store and see what their policies are in regards to deposits. Again, please do your research. Maybe I am completely wrong. Maybe some people will not care that they have to wait for 6 confirmations nor are they rate sensitive. But I am, so I unfortunately was forced to go somewhere else.
May 27th, 2022