Beaver Bitcoin offers bill payment as a convenient option for purchasing larger amounts of Bitcoin. It’s ideal if you don't want to visit a bank branch (unlike with wire transfers) and can be done through your online banking app or website.
To make a bill payment transfer to Beaver for purchasing bitcoin, just add us as a payee from the bill pay section of your online banking.
To get our payee information, select the Bill Payment option from the Buy Bitcoin tab when logged in to Beaver, then 'Request Access'.
Once your account is approved (within minutes up to an hour during normal business hours) you'll find our payee information, including your unique account number, in the same place.
Banks supporting us as a payee include:
✅ TD, BMO, Scotiabank, RBC* and more
✅ Most established credit unions
❌ CIBC does not currently support
How does buying Bitcoin with bill payment work?
Here’s the step-by-step process:
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Sign Up: Create an account on beaverbitcoin.com with your email and complete the onboarding and identity verification (requires a government-issued ID).
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Provide a Bitcoin wallet address: Submit a Bitcoin wallet address where your BTC will be delivered.
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Request bill payment details: From the Buy Bitcoin tab, select Bill Payment as your payment method > Then select 'Request Access'.
- Our team will review your account and provide you with our bill payment information once your account review is complete. You'll receive an email notification when it's done—normally within an hour during the day.
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Set up Bill Payment: Log in to your online banking, add Beaver Bitcoin as a payee using the provided details, and initiate a bill payment transfer for the amount of Bitcoin you want to buy.
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Funds received: Once we receive your transfer (within 2-3 business days for bill payments), your funds are exchanged to Bitcoin then delivered to your Bitcoin wallet.
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Confirmation: You’ll get an email with your transaction details, and it will also appear in your Beaver account’s Transactions tab.