You can now purchase bitcoin online using a Visa Debit card! This offering is unique to Bitcoin Well and is facilitated through a non-custodial account. This offers customers a speedy purchase experience with the security of self-custodying your bitcoin. If you are new to buying bitcoin from Bitcoin Well, you will be asked to KYC as part of the sign up process.
On June 1, 2021, the Know Your Client/Customer (KYC) requirements went into effect in Canada. These requirements clearly outline the methods in which money service businesses are required to verify a customer’s identity.
To complete the KYC verification process you will need a valid government-issued ID (Drivers License or Passport) and be required to submit a picture of yourself, which matches the information on the government-issued ID.