Introductionhttps://i.redd.it/9u05l5efaqz21.jpgAmong many of the challenges which inhibit the adoption of cryptocurrencies, a good amount of them center around the crypto-exchanges. Many of the exchanges claim to care for security yet have been hacked time and again. The latest news of one of the most popular exchanges being hacked of 7,000 Bitcoins valued at USD 40 million is an indicator of what I mean. Also, few others are too shoddy to trust with our personal information and yet they want to act as custodian of our cryptocurrencies. And even if we find the few that tick all the boxes, we invariably end up with having to deal with cumbersome processes before we can carry out a trade.Just when traders and potential investors attempted to overlook these issues, there were more issues introduced in the form of country-wise regulations. The overall experience, therefore, appears insurmountable for a potential investor who just wants to try out an exchange. This experience is more so for developed economies where the government attempts to safeguard investors, and rightly so.The search then shifts to finding an exchange which is easy to use, no-fuss, trader-friendly, and has an intuitive trader (or investor) interface. Looking at the current challenges, finding such an exchange sounds very much utopian.But there is hope.https://i.redd.it/4kzoofh98qz21.jpgFastBTC– A new way Forward!FastBTC is the hope for cryptocurrency investors in Canada. Investors worried about exchanging their crypto-currencies first to US Dollars and then into Canadian Dollars, can now have a breezy experience of converting cryptocurrencies directly into Canadian Dollars (CAD).FastBTC, as the name indicates, is a lightning-fast converter of Bitcoin to Canadian Dollars. So easy is the process that users and traders do not have to wait endlessly to know what has happened to their cryptocurrencies. The process is easy to follow, and the site is user-friendly.Despite the speed, FastBTC is one secure gateway and quite interestingly claims to be specializing in speed. I mean, isn’t that an interesting parameter that an exchange is focusing on? And the claims are not unsubstantiated. FastBTC has a flagship product Interac e-Transfer which is blisteringly fast and requires no login.And they have an on-website chat session allowing users to have their queries resolved. So, good customers service is one more tick for FastBTC.https://i.redd.it/8y74hz4m8qz21.jpgHow do we get started on FastBTC?FastBTC site is quite intuitive for an easy and fast exchange. FastBTC has been serving Canadian customers for about eighteen months now and going strong. They continue to improve their services and bring the best to their customers. The proof of their service is in the website design. What are they, you ask?Here they are:No Signup Requirement – Users of FastBTC do not have to signup to use the site. They can just get to the site and get started.Single Confirmation Payments – Makes life easy for the userBitcoin to CAD Conversion – Users can send Bitcoin to the generated address and get superfast withdrawal in Canadian DollarsAltcoin to CAD Conversion – Users can also exchange Altcoin and withdraw in Canadian DollarsIf these are not interesting enough, then FastBTC also has a referral program allowing users to benefit, additionally. However, to participate in the referral program, users will have to register on the site. On the other hand, if users do not wish to use the referral program, they can do away with the registration.https://i.redd.it/ot0w1w9u8qz21.jpgThat’s cool! But what about..Chances are there that readers still have queries and the most obvious ones are listed below:If I don’t have to signup then why do I have to give my email id?The email id is required only to generate the Bitcoin address and for FastBTC to know where to send your e-Transfer.How much time does it take to get my e-Transfer?It takes 30 minutes to get your e-Transfer from the initiation of the transaction.Why did I not get my e-Transfer even after 30 minutes?If the transfer amount is below the instant maximum, then the e-Transfer will arrive 30 minutes from the confirmation of the transaction.On the other hand, if the transfer amount is above the instant maximum, then the transfer is queued and will be sent when the limits allow.Are there fees to be paid for the transactions?Yes, there are and in many cases will be addressed in the rates for the trade type. However, at times, the fees will be charged per transaction. In such cases, the fees will be shown on each trade page.Here is a snapshotTypeSellBuyInterac e-Transfer4.00 CADNo Additional FeeCash DepositNo Additional Fee-Western UnionWestern Union Fee deducted from PaymentNo Additional FeeCash by Mail$25 for Xpresspost, $60 for PriorityNo Additional FeeInterac Online-No Additional FeeCredit Card-No Additional FeeFor more questions, users can browse through FastBTCs Support Page, and also chat with their customer service executives during work hours.https://i.redd.it/vukgv07x9qz21.jpgSummaryA quick assessment of the FastBTC site proves that it is fast, dependable, user-friendly and easy to use. There are reasons for Canadians to cheer the exchange, and there is only hope that the exchange will expand to other regions in the future.At a time, when speed is of essence, FastBTC comes along with the right ingredients to make a cryptocurrency transaction fast!———————————————-******————————————————–Image Courtesy: FastBTC Resources via /r/Bitcoin https://www.reddit.com/r/Bitcoin/comments/brmdvr/fastbtc_the_fastest_canadian_bitcoin_and_altcoin/?utm_source=ifttt
BTC Brain 