Bull Bitcoin acquires Veriphi BTC Self Custody

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Canada’s leading bitcoin exchange, Bull Bitcoin (Satoshi Portal Inc.), announced the acquisition of Veriphi, a white glove service provider for bitcoin self-custody, via a press release sent to Bitcoin Magazine .

This acquisition was fully self-funded by the company’s decision to hold BTC on its balance sheet since 2015, having been purchased after the historic rise in bitcoin prices over the years, also known as NgU technology (increase in number ).

Bull Bitcoin sets the standard by doubling down on being a non-depository bitcoin exchange where the customer takes full custody of their coins from the start. They focus on the importance of bitcoin self-safekeeping, which is why customers need to have their own wallet to hold their BTC before they can use the exchange.

But because the company doesn’t hold users’ bitcoins for them, this tends to put them at a disadvantage compared to newer Bitcoiners who may want to leave their BTC on exchanges initially. This can be seen as more difficult and inconvenient for new Bitcoiners who just want to go the easy route by not holding their own keys, but that’s where Veriphi comes in.

“By combining Bull Bitcoin’s infrastructure with Veriphi’s Bitcoin advisory expertise, we will establish ourselves as the best destination in the world for new Bitcoiners to onboard, in the right way,” the statement said. “We expect our transaction volumes to increase dramatically as a result and massively increase the proportion of Canadian Bitcoiners holding their own keys and running their own full nodes.”

After being founded in 2017, Veriphi has grown into Canada’s White Glove Self-Guarding Service that aims to turn anyone and everyone into sovereign Bitcoiners. This is a team of solid Bitcoin educators and experts from Montreal who are well known for their fantastic tutorials and how-to guides, Bitcoin wallet reviews, and best practices in security and privacy.

“Our message to the Bitcoin community is clear: You can absolutely trust us to take care of your friends and relatives when it comes to being integrated with Bitcoin. You can deposit them in our care, and we guarantee that we will turn anyone (even your grandmother) into a sovereign Bitcoin holder, ”the statement said. “You can rest assured that they will have followed all best practices and that trustworthy experts will guide them every step of the way with telephone support. “

With this acquisition, Bull Bitcoin adds an additional element to its exchange that separates it from its competitors. In addition to this new white glove service, the exchange has already implemented Lightning Network, Liquid Network, CoinJoin, and batch processing. They set the standard and emphasize the importance of cypherpunk ethics, which is important when onboarding new Bitcoiners.

“We not only need to provide support for our services, but we have a responsibility to provide advice and help on how to self-hold Bitcoin,” the statement said. “We refuse to compromise on our values, skimp on privacy and custody, and act against the best interests of our users just because it’s easier. “

You can follow the new Bitcoin maximalists joining Team Veriphi’s Bull Bitcoin on Twitter below. Bull Bitcoin CEO Francis Pouliot said he has personally mentored these Bitcoiners for years and that they are “without a doubt the best successors I could have hoped for and I trusted them wholeheartedly to advise them. members of my own family on Bitcoin’s self-guarding. “

Gustavo J. Flores Echaz – @gustavojfe

Maciej Cepnik – @cepnikmaciej

Tristan Borges Solari – @tristanborgess

Nathaniel Kitzke – @ nk1tz

René Vergé – @reneverge

Carlos Chida – @carloschida

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