Who are BitBrokers?
We are a technology company located in Victoria, BC. Our mission is to make it easier for people and businesses to use Bitcoin.
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Bitcoin ATM - 1312 Government St, Victoria, BC
Our Bitcoin ATM will be located at Hemp & Company Clothing on the corner of Government and Fort St in Downtown Victoria. (1312 Government Street). The ATM is available during store hours 7 days a week till 10pm most nights. Hemp & Company also accepts Bitcoin as payment if you want to give it a try!
Hours of Operation
How does it work?
Simple! To buy Bitcoin, just verify your ID with the ATM and deposit cash. You can have the Bitcoin sent to any wallet you choose, for example a wallet on your smartphone or your computer.
To sell Bitcoin, simply send bitcoin to the address of the ATM. A claim ticket will be printed - Relax and enjoy a coffee at Murchies or Starbucks across the street. After 1 confirmation (about 10-15 minutes) you can redeem the claim ticket for cash dispensed from the ATM.
Bitcoin is a digital currency you can use for personal transactions or business at high speed and low cost.
Anyone can send or receive bitcoin instantly using a mobile device. No banks. No fees. No limits.
Benefits of Bitcoin:
- Send money to anyone worldwide instantly.
- No banks, governments or fees.
- Decentralized network can never be shut down
- Fixed supply of bitcoin means no inflation.
- Convenient : Use your mobile phone to pay.
Frequently Asked Questions :
Who owns or controls Bitcoin?
Nobody. Much like the internet, bitcoin is decentralized and not owned or controlled by any one organization. It consists of a network made up of millions computers (known as miners) around the world. Because of it's distributed nature, the Bitcoin network cannot be shut down by any one person or government. At the moment, the computing power of the Bitcoin network exceeds the computing power of the top 500 supercomputers in the world combined.
How can I get bitcoin?
You can buy Bitcoin with cash using an ATM or wire money from your bank to an online exchange like CoinTrader.net or Bitstamp. You can also purchase Bitcoin from someone locally in person by giving them cash.
What can I do with Bitcoin?
You can spend Bitcoin at a growing number of merchants both online and offline. You can also send Bitcoin to any individual person direct. Owe Hayden $20 for Pizza? Send him Bitcoin with your mobile phone.
How do I send someone Bitcoin?
First you need a bitcoin wallet. Wallets are free, anonymous and only take a few minutes to setup. To install a wallet on your computer (Mac or PC) download Multibit at https://multibit.org/ For Android devices, download the Blockchain.info app from the Google Play store. For iPhone, download the "bitWallet" app from the App store.
Once you have your wallet installed, you need to put in some bitcoins. Visit a Bitcoin ATM or ask a friend to send you some. Now that you're set up with a wallet, you can scan a QR code to pay at a business or scan a friend's QR code to send them money direct!
Why is Bitcoin better than a credit card?
Your credit card number can be easily stolen by anyone you give it to online or offline. Bitcoin turns the tables and gives you the control - if you send payment via Bitcoin the transaction is one-time and permanent, protecting both the sender and recipient. Credit cards also charge high seller fees which most sellers pass on to customers in the form of higher prices.
Here's a website that explains Bitcoin in simple terms.
And here's a great article that explains the concept behind Bitcoin even more simply.
What is Bitcoin? Here are a few short videos.
Want to see how deep the rabbit hole goes?
If you are a merchant and want to accept Bitcoin at your business please contact us directly for more info.
List of Merchants who accept Bitcoin:
Also check out www.coinmap.org for a map showing worldwide Bitcoin-accepting business locations.