Finance, Startup

HoneyBadger Celebrates A Major Milestone

HONEYBADGER 100

We are over the moon!

HoneyBadger celebrates a major milestone with over 100+ Bitcoin ATM locations across Canada.

Thank you to all the great businesses that have worked with us – from the early adopters who were open to trying out our kiosk concept to the national retailers who aligned with our vision to provide cryptocurrency services in Canada.

Keep your eyes peeled – there will be 200 HoneyBadgers in the wild before you know it.

To infinity and beyond,

The HoneyBadger Team

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Finance, Startup

Canadian Cryptocurrency Regulations at HoneyBadger

Recent Changes at Our Kiosks:

To transact with a HoneyBadger kiosk, you will now need to provide a phone number that can receive a text message for all transactions under $1,000. For all transactions over $1,000, we will need Identification (preferably a driver’s license) to be provided. Customers are also now limited to buying or selling a total of $10,000 every 24 hours. For more detailed information, please continue reading.

FINTRAC Compliant

If you have been to a HoneyBadger kiosk this month, you will have noticed some changes. As of June 1st, all cryptocurrency dealers in Canada, HoneyBadger included, are defined as “dealers in virtual currency” and must report as much to the Government of Canada so we proactively registered as a “Money Services Business” with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC). FINTRAC is the financial intelligence body of the Canadian Government. In simple terms this means that we are now regulated and legally recognized as a financial institution in Canada. This is a huge win for Bitcoin and cryptocurrencies in Canada to finally have regulatory clarity. This now legitimizes our industry and gives us the opportunity to build a faster, more functional and extra fearless Bitcoin business!

New Regulation, New Rules

New regulation comes with some new rules, which we must comply with. The biggest change going forward is that customers must identify themselves before each transaction. To identify yourself, you will need:

    • Phone number that can receive a text

    • A piece of government issued ID

    • Backup proof for your identification such as a hydro bill

Why do we need this? It is required by the Canadian Government to protect our financial system. Asking for this information assists in preventing money laundering. For more information, please see the Anti-Money Laundering (AML) and Know Your Client (KYC) directives.

This might seem like a big change as we previously did not require personal information to use our service. We are confident that after your initial registration this will supercharge the top-notch service all our fellow HoneyBadgers have come to expect. Quicker transactions, better information and communication and new features such as quicker crypto-selling is all coming now that we have these programs in place!

Information Requirements

    • $5.00 – $999.00 – Requires phone number

      • Receive text on your phone (2-Factor Authentication) to verify you at the machine

    • $1,000.00 – $10,000.00 – Requires phone number and identification

      • Receive text on your phone (2-Factor Authentication) to verify you are at the machine

      • ID only required on first transaction over $1,000.00

How to Register

Identification can be provided through our online portal. Any government-issued photo identification can be used at our kiosk such as;

    • Drivers License
    • Passport
    • Identification Card
    • Status Card

All IDs can be submitted online at:

If you are having trouble registering, please contact support. Alternative options include:

    • Sending a photo of your ID to us via email

Thank You!

Thank you in advance for adapting with us to the new regulatory environment in Canada. We at HoneyBadger are excited to get to know all of you, our amazing customers! Without you, we never would have made it this far. Here’s to continuing to build the most badass bitcoin experience in The Great White North!

Over and out,

The HoneyBadger Team

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Finance, Startup

HoneyBadger COVID-19 Response

Due to the increasing gravity of the covid-19 situation across Canada and the world, we at HoneyBadger would like to inform our valuable customers and partners what our kiosk availability will be.

We will be keeping as many of our machines on and running as possible.

However, due to the nature of our business, we do not have control over the locations our kiosks are located inside of. We are keeping in close contact with all of our partners to know which sites are open, have reduced/changed hours or have closed already.

We are recommending all of our customers check our partner location websites for open hours or closures.

They will have the most up-to-date information. For example: if you’d like to visit Grant Park Mall in Winnipeg, MB – please view https://www.grantparkshoppingcentre.com

We will make every effort to let you buy or sell cryptocurrencies during this time. Whether you’re buying the dip, would like to sell coins for cash as a backup for extended quarantine, or need a loan for cash using your bitcoin as collateral – HoneyBadger has your back.

Please visit www.badgercoin.com for a list of all our locations If you need any support, please reach us at:

www.badgercoin.com/contactus

 

If you’d like a cash loan, using your crypto as collateral please contact us at:

www.badgercoin.com/lending

 

As a final note — we would like all our customers to be confident using our machines. On every visit to a kiosk, we have a team of professionals clean down anything touchable at the kiosk with disinfectant wipes.

Stay safe out there, keep yourself clean and we can get through this together.

 

All the best,

HoneyBadger

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