Press Release

HoneyBadger Steps Up as Binance Steps Down

Written by admin17/05/2023

As the cryptocurrency landscape evolves, so too does the network of providers that support this dynamic and innovative sector. Recently, Binance, one of the world’s leading cryptocurrency exchanges, announced its decision to cease operations in Canada. 

The company expressed disappointment, saying it had high hopes for the Canadian blockchain industry. The decision was driven by new regulatory guidance introduced by the Canadian Securities Administrators (CSA) related to stablecoins and investor limits.

    In February, the Canadian Securities Administrators (CSA) revealed new guidance that prohibited crypto asset trading platforms within the country from allowing customers to buy or deposit stablecoins without the CSA’s prior approval. To obtain this approval, crypto trading platforms would need to pass the CSA’s various due diligence checks.

    Binance co-founder and CEO Changpeng Zhao, who is a Canadian citizen, has described the company’s exit from Canada as holding sentimental value.

    With Binance’s exit, we understand that Canadian crypto enthusiasts might be seeking a reliable and trusted platform to continue their crypto journey. We want to assure you that HoneyBadger is here to provide just that. Our ATMs and online portal offer a tangible, user-friendly way to buy and sell cryptocurrencies, making them a great option for both newcomers and seasoned crypto users.

    Our strength lies in our deep understanding of local Canadian markets, our commitment to compliance, and our dedication to providing excellent customer service. As a Canadian company, we understand the unique needs and preferences of our customers, and we tailor our services to meet those needs.

    We are excited about the future of cryptocurrency in Canada. As the landscape continues to evolve, HoneyBadger will continue to adapt and innovate, providing our customers with the best crypto services in the country. We’re ready to step up, fill the gap, and support our customers during this transition. 

    While the world of cryptocurrency may be rapidly evolving, our dedication to providing you with secure, reliable, and convenient services remains constant.

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    HoneyBadger Comment on FTX / Alameda

    Written by admin13/11/2022

    We are writing this post in regards to the recent news about Alameda / FTX. HoneyBadger assures its customers that we have no relation to FTX whatsoever. 

    This is because of HoneyBadger’s non-custodial business model. We do not store assets on behalf of our customers unless requested to do so. Any crypto you buy at our kiosks or online is sent and stored securely in our customers’ own wallets. They control their own assets and we have no access to it.

    This serves as an opportunity to highlight the benefits of buying cryptocurrency from us rather than through an exchange. You buy coins from us and we send them to you. Simple.

    All transactions completed with HoneyBadger are instant and we never leverage customer assets since we do not hold any. We assure you that any assets you buy from us will be readily available to you whenever you need them.

    HoneyBadger firmly believes in the saying, “not your wallet, not your coins”. The company started in 2016 with one mission, to make cryptocurrency accessible to all Canadians. Once our customers buy it, they own it. 

    If you have any questions or concerns, please feel free to contact us.

    FINTRAC Money Services Business registration: click here.

     

     

     

     

     

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    Host a Bitcoin ATM

    Written by admin28/10/2021


    Boost Your Business with a Bitcoin ATM – Start Today!

    Are you a store owner looking for innovative ways to increase foot traffic and revenue? Look no further! Host a Bitcoin ATM and attract new customers, increase sales, and stay ahead of the competition. Don’t miss out on this cutting-edge technology that’s transforming the financial landscape.

    Why Host a Bitcoin ATM?

    • Attract New Customers: Bitcoin ATMs draw tech-savvy and crypto-curious customers to your store, increasing foot traffic and potential sales.
    • Stay Competitive: By offering a Bitcoin ATM, you’re staying ahead of the curve and providing a service that sets you apart from competitors.
    • Generate Additional Revenue: Earn a commission on every transaction conducted through the Bitcoin ATM, creating a new income stream for your business.
    • Low Maintenance & Easy Set-Up: Bitcoin ATMs require minimal maintenance and are simple to install, allowing you to focus on your core business operations.
    • Enhance Your Brand: Show your customers that you’re an innovative and forward-thinking business by embracing the future of finance.

    Simple Step-By-Step Onboarding Process

    1. Contact Us: Get in touch with our team using the contact form below. We’ll discuss your needs and answer any questions you may have.
    2. Site Assessment: Our experts will assess your location to determine the best spot for the Bitcoin ATM, ensuring maximum visibility and accessibility.
    3. Installation & Setup: Our professional technicians will install the Bitcoin ATM and provide training on its use and maintenance, ensuring a seamless experience for you and your customers.
    4. Marketing Support: We’ll supply you with marketing materials to promote your new Bitcoin ATM and attract customers to your store.
    5. Ongoing Support: Our dedicated support team is available 24/7 to assist with any technical issues, ensuring the smooth operation of your Bitcoin ATM.

    Ready to Revolutionize Your Business? Host a Bitcoin ATM today!

    Join the growing number of store owners who are embracing the future of finance with a Bitcoin ATM. Fill out the contact form below to start your journey toward increased foot traffic, revenue, and customer satisfaction.


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