COCHRANE, Alberta–Bow Valley Credit Union (BVCU) is reporting it has partnered with Balance and Bull Bitcoin to roll out what it said is Canada’s first “Bitcoin Gateway,” a service allowing members to buy Bitcoin directly from their BVCU accounts.
Members can buy Bitcoin directly from their BVCU account through their app, “enabling straightforward purchases of bitcoin with Canadian dollars without needing deep, technical knowledge and keeping full ownership title of the bitcoin,” according to Bitcoin Magazine.
Serves as ‘Bridge’
The organizations said the Bitcoin Gateway platform serves as a bridge between BVCU, Balance and Bull Bitcoin, “unlocking a secure and ease-to-use way to accumulate actual bitcoin.”
“Unlike platforms offering crypto derivatives or pooled products, the Bitcoin purchased here is fully owned by the user, securely stored, insured, and never leveraged,” the companies told Bitcoin Magazine in a joint statement.
Balance, Canada’s oldest bitcoin custodian since 2017, handles custody, while Bull Bitcoin’s API integration ensures competitive, real-time pricing.
About the Set-Up
“This setup lets users sidestep complex trading platforms, making bitcoin accessible to both newcomers and seasoned holders. Bull Bitcoin doesn’t handle custody, remaining a non-custodial exchange,” the organizations said.
While BVCU only serves Alberta residents today, George Bordianu, co-founder and CEO of Balance, told Bitcoin Magazine that “Eventually we’ll open this up more broadly to the Canadian public… Our goal at Balance is to give a wallet to every Canadian user with their name and title on it.”
