Business 22 December 2017Jasmine Solana
nTrust activates Bitcoin Cash functionality
For Canadians who want to buy Bitcoin Cash (BCH), life just got easier.
Canada-based company nTrust recently added BCH capabilities to its Wallet service. This means that users can now buy, send and receive, store, sell, and withdraw BCH along with SegWit Bitcoin (BTC) in their nTrust accounts.
“Since the Bitcoin Cash (BCH) hard fork on August 1, we’ve been working on offering our customers the ability to transact in both bitcoin and Bitcoin Cash. We’re happy to say both currencies are now up and running,” nTrust announced on its website.
As part of the rollout, users holding any BTC balance in their nTrust accounts during the August hard fork will be credited the equivalent amount of BCH. nTrust said it automatically deposited BCH into the wallet of those users.
Founded in 2011, nTrust is licensed, registered with and regulated by Canadian independent financial intelligence unit, FINTRAC. Using the company’s wallet services involves an easy sign-up process, followed by a simple Know-Your-Customer procedure. nTrust is Level One rated PCI-DSS compliant, which means that the company’s security, internal policies, and data handling meet or even exceed global standards created by major payment services companies like VISA and MasterCard.
nTrust allows users to deposit funds into their account via bank transfer or Interac, or adding nTrust as a payee. Users are then able to exchange their Canadian dollars to Bitcoin BCH or BTC if they wish with just a couple of clicks.
“I’d been waiting for this to be activated for a while, as a Canadian there are often a lot of hoops to jump through to send your money to an exchange overseas. It’s easy to set up your Canadian bank account and even easy to send money from your TD Canada Trust, BMO, RBC or Scotia accounts through online banking via Interac. I’ve been buying and moving crypto for a while and this is probably the easiest I’ve been able to go from setup to purchase to sending BCH. If you’re a Canadian, I highly recommend nTrust,” said Bill Beatty, of CoinGeek.com.
Note: Tokens on the Bitcoin Core (SegWit) chain are referenced as BTC coins; tokens on the Bitcoin Cash ABC chain are referenced as BCH, BCH-ABC or BAB coins.
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