Over the past few months, the Baltisee Virtual Unit Team has been hard at work enhancing our online platform. Through repetitive testing and incorporating your valuable feedback, we’ve made significant improvements to ease the experience of purchasing Cryptocurrency! 

Now, making purchases on our platform is easier than ever, we offer Interac payment allowing you to instantly purchase your cryptocurrency! We also support other payment methods with Visa, Mastercard, and Google Pay with the online platform. Available cryptocurrencies for purchase include Bitcoin, Ethereum, and Litecoin, that can be seamlessly deposited into your crypto wallet.

To get started, simply create an account and complete the necessary steps for identity verification, email verification, and two-factor authentication (2FA), ensuring maximum security for your transactions. Once your account is set up, navigate to the “Purchase Crypto” tab on our website, select the cryptocurrency you wish to purchase and the amount, and enter your cryptocurrency wallet address to receive your purchase directly to your mobile wallet. Easy!

Start exploring the new capabilities of our platform today! If you have any questions, feel free to reach out to our support team at 1 855 499 1149, or by email at support@baltisee.org!

The post Baltisee Virtual Unit Online Portal has Officially Launched! 🚀 appeared first on Baltisee Virtual Unit.

The U.S. Securities and Exchange Commission (SEC) has recently approved the listing of ETFs that invest in the cryptocurrency Ether, a move facilitated by thorough reviews of applications from Nasdaq, Cboe Global Markets, and the New York Stock Exchange. 

These spot Ethereum ETFs align with the requirements of the Securities Exchange Act, although the SEC must still approve individual asset manager applications before trading can begin. 

This development comes on the heels of the SEC’s cautious approval of bitcoin ETFs and has been well received by the crypto community and asset managers eager to launch these funds, such as VanEck. Spot Ethereum ETFs offer investors a way to gain exposure to Ether without directly purchasing or managing the digital asset. 

This is significant as Ether underpins the Ethereum network, a platform for smart contracts and decentralized applications, and is the second-largest cryptocurrency by market capitalization.

It’s important to note that owning an ETF does not provide the same anonymity or direct utility as owning actual Ethereum, which may influence investor decisions

However, if you are seeking to purchase Ethereum. Baltisee Virtual Unit can offer payments via Kiosks, Online Portal and our Over the Counter Platform for large transactions!

The post Ethereum ETF Approval! appeared first on Baltisee Virtual Unit.

On May 22, 2010, Florida resident Laszlo Hanyecz made what is considered the first real-world transaction using Bitcoin by purchasing two Papa Johns pizzas for 10,000 bitcoins (BTC).

 At the time, these bitcoins were valued at approximately $41 USD, making each bitcoin worth just under $0.10. Fast forward to today, and those same coins would be worth around $700 million, given the current Bitcoin price of about $70,300 USD. This transaction not only represents the most expensive pizza purchase in history but also marks a pivotal moment for the adoption of digital currencies.

This day highlights the humble beginnings of crypto commerce and its evolution into a revolutionary force in the global financial landscape. Bitcoin and other cryptocurrencies continue to demonstrate their potential to transform how we conduct transactions, promising a more diverse and innovative financial future.

In celebration of this groundbreaking event, Baltisee Virtual Unit invites you to explore the world of cryptocurrencies. You can make purchases through our kiosks across Canada, our online platform, or our Over-The-Counter (OTC) service for larger transactions.

Join us in commemorating a key milestone in the world of Cryptocurrency!  

The post Bitcoin Pizza Day : Marking a Milestone in Digital Currency Adoption! appeared first on Baltisee Virtual Unit.

Investing in financial markets presents individuals with the choice between traditional stocks and the rapidly evolving world of cryptocurrencies. Understanding the distinct characteristics of each can guide better investment decisions.

Asset Types 

Cryptocurrencies are digital or virtual currencies secured by cryptography, operating independently of central banks and governments. They include a broad spectrum of digital assets, with popular examples like Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP). They function as decentralized currencies, digital commodities, or tokens that provide access to decentralized applications (DApps).

Stocks represent ownership in a company, giving shareholders rights to a portion of the company’s earnings and assets. Stocks have been a staple of investment portfolios for decades. Examples include Apple (AAPL), Tesla (TSLA), and Microsoft (MSFT).

Market Maturity and Regulation

The cryptocurrency market is relatively young, still evolving, and largely unregulated, although jurisdictions are increasingly implementing rules and oversight. This nascent stage leads to high volatility driven by speculative trading, technological innovation, and shifting market sentiment.

In contrast, stocks are well-established and heavily regulated by government agencies like the U.S. Securities and Exchange Commission (SEC). The stock market is mature and less volatile compared to crypto, with market movements driven by economic data, company performance, and geopolitical events.

Investment Strategies and Accessibility

Cryptocurrency investment strategies range from holding (HODL) and staking to decentralized finance (DeFi), which involves lending or providing liquidity to earn interest or rewards. Day trading is also popular due to high volatility. Investors need a crypto wallet and access to crypto exchanges, where trading happens 24/7.

Stock investors can choose from a range of strategies like dividend investing (focusing on high-yield companies) and technical analysis-based day trading. Trading stocks requires a brokerage account, and most exchanges have specific market hours.

Risks and Challenges

Cryptocurrency investors face potential risks:

• Regulatory Risks: Government bans, regulatory crackdowns, and unclear legal frameworks.
• Market Manipulation: Pump-and-dump schemes and market sentiment swings.
• Lack of Fundamental Valuation: Valuation is mostly speculative and based on supply-demand dynamics.

Stocks also come with their own challenges:

• Market Risks: Economic downturns, inflation, interest rate hikes.
• Business Risks: Company bankruptcies, poor management decisions.
• Regulatory Risks: Regulatory fines, compliance issues.

Potential Returns and Growth

Cryptocurrencies offer the potential for massive returns due to their high volatility and rapid growth, driven by technological advancements in blockchain and decentralized finance. For instance, Bitcoin grew exponentially from less than $1,000 to over $60,000 within five years.

Stocks have historically provided consistent long-term returns, with high-growth sectors like technology offering significant gains. The S&P 500 Index, a common benchmark, has averaged annual returns of around 10% over several decades. Some individual stocks have outperformed significantly, such as Apple or Amazon.

Diversification

Diversifying within the crypto market can be challenging due to the high correlation among major cryptocurrencies. However, investors can gain some diversification by investing in different blockchain projects, tokens, and decentralized finance protocols.

Stocks offer broader diversification options across sectors, industries, and geographies. Investors can access a mix of growth, value, and dividend stocks, reducing portfolio risk.

Tax Implications

Cryptocurrencies are taxed as property, with gains dependent on the holding period (short-term vs. long-term capital gains). Staking, mining, and airdrops can add complexity to tax reporting.

Stocks are subject to capital gains taxation based on the holding period, while dividends are taxed at ordinary income or qualified dividend rates.

Now to finally compare, cryptocurrencies offer high growth potential but come with significant volatility, security risks, and regulatory uncertainty. Stocks provide a more stable investment environment due to established regulation and historical consistency in returns. Ultimately, the choice between the two depends on an investor’s risk tolerance, investment horizon, and diversification goals.

Investors looking for high potential returns with a tolerance for risk may find cryptocurrencies appealing, just like Baltisee Virtual Unit does! 

Those seeking stability and long-term growth through diversification may lean towards stocks. A balanced portfolio that includes both asset classes can offer the best of both worlds. Therefore Baltisee Virtual Unit can offer payments via Kiosks , Online Portal and our Over the Counter Platform for large transactions!

The post Crypto Market vs. Stock Market: A Guide for Investors! appeared first on Baltisee Virtual Unit.

#Bitcoin is officially back:

The price of Bitcoin just jumped from $60,000 to $63,500 in under 4 hours.

From a psychological and technical perspective, the break above $60,000 was crucial and sparked short covering.

As we noted in our premium service, key technical levels can… pic.twitter.com/7VWYrEoxTi

— The Kobeissi Letter (@KobeissiLetter) February 28, 2024

Bitcoin’s impressive ascent to over $63,000 symbolizes not just a recovery, but a robust bullish trend, rekindling investor optimism. Experts suggest that Bitcoin is not only retracing its steps but also setting the stage for potentially reaching its previous all-time high.

Amidst this exhilarating climate, Baltisee Virtual Unit emerges as the perfect partner for those seeking to capitalize on Bitcoin’s momentum. Our online portal offers a seamless entry into the world of Bitcoin, catering to both novices and seasoned traders. Baltisee Virtual Unit is committed to providing a straightforward, secure platform, enabling users to effortlessly purchase Bitcoin and join this revolutionary financial movement.

As Bitcoin continues to redefine the boundaries of digital currency, Baltisee Virtual Unit stands ready to guide you through every step of your investment journey. Join us in embracing the future of finance, powered by the groundbreaking potential of Bitcoin.

The post Bitcoin’s Rally: Surpassing $63K for the First Time Since 2021 appeared first on Baltisee Virtual Unit.

I am 27 years old and my parents are 69 years old. They are from the Baby Boomer generation and I am a Millennial. There is a MASSIVE generational gap between us in terms of technology. Frankly, it is hard for me to imagine showing up to work without access to a computer!

When they were my age, the Bretton Woods system prevailed and gold was a safe investment…until Bitcoin came along.

Below are four Bitcoin vs gold talking points.

#Bitcoin is Digital Gold – harder, smarter, faster, & stronger. pic.twitter.com/b7IlNiFvEl

— Michael Saylor (@saylor) January 7, 2021

1. Bitcoin Is Harder Than Gold

There is a finite amount of gold on earth, we are just not sure how much. It also makes sense that over time, as we mine more gold, there will be less available in the future. Also, as there is less gold over time, it becomes more difficult to find what is left.

Bitcoin works in a very similar way. There will ever only be 21 million Bitcoins in existence, with the last one scheduled to be found or “mined” by the year 2140. And like gold, the number of Bitcoins in existence becomes less and less over time, as well the difficulty to mine Bitcoin becomes harder and harder.

2. Bitcoin Is Smarter Than Gold

Gold is analog while Bitcoin is digital. Bitcoin is secured by millions of computers around the world, with no central authority directing it.

Mining gold, transporting gold and storing gold is actually quite archaic. Typically along those processes, companies and governments are in charge of directing the flow of gold. Whereas Bitcoin is run and operated by no single person and operates on a network of computers. What is so great about Bitcoin is that if the internet in China shuts off, the network still operates!

3. Bitcoin Is Faster Than Gold

Let’s say you were to buy $100 million worth of gold and would like to send it from your home in New York to your grandson in Paris. You would likely need to purchase additional equipment to ship it across the Atlantic Ocean either by plane or by boat. The time it would take to arrive at your grandson’s door would take anywhere from a few days to a few months. Not to mention the additional cost it would take to ship!

Now with Bitcoin, you could purchase $100 million and send it to your grandson instantly, at the speed of light! It gets better, say you have 100 grandsons and want to send them each $1 million worth of Bitcoin, you could do that, instantly.

4. Bitcoin Is Stronger Than Gold

Now that you have bought some gold, what do you do with it? You could put it under your bed or a safer option is to put it in your bank. But what happens if the bank goes out of business? What happens if someone steals your gold? You may be insured, but it is a risk.

With Bitcoin, you do not need a bank and neither do you need to worry about someone physically stealing it. Bitcoin allows you to safely store your investment protected with your private keys, or private passwords.

Buy Bitcoin with Interac E-transfer online!

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The good news is there are plenty of methods to choose from so there is something for everyone. Below we have outlined the pros and cons of 10 different ways to purchase crypto. We have also given each one a score out of five for the following categories: convenience, security, and value.

Read on to find out the best way to buy Bitcoin in Canada for you.

How can I buy Bitcoin in Canada?

The good thing about living in a relatively crypto-friendly country like Canada is there are lots of options to exchange fiat currency for Bitcoin and other cryptocurrencies like Litecoin and Ethereum.

The first decision you have to make is whether you want to trade online or in person at a physical location. That’s right, you can actually swap cold hard cash for cryptocurrency!

The next step is to choose a payment method. In a short space of time, trading platforms have expanded their ways to pay exponentially. While it may seem intimidating at first, don’t fear! We have compiled some of the most popular options out there to help you make up your mind.

Crypto gift cards

Crypto gift cards just like any gift card you might buy at a normal retail store. The main difference is you can’t buy goods and services with it. Instead, you can send someone a digital gift card with crypto assets from your own wallet or by buying a certain amount with fiat currency.

Pros:

• Potential to increase in value: A crypto gift card is essentially a hot wallet, meaning it holds a certain amount of crypto on it. This means the value could increase if you hodl it.
• Great gift idea: Whether you are looking for a present for a Bitcoin maximalist or someone who knows next to nothing about crypto, a gift card is a fun and easy gift idea. The recipient doesn’t even need a bank account. All they need is a crypto wallet.

Cons:

• Lack of flexibility: Once you buy a gift card using fiat, you lock in your chosen coin. If the recipient is more into altcoins, for example, you’d probably be better off just sending them some cash.
• Not secure: If a gift card gets lost in the mail, there’s not much you can do to retrieve your coins. Similarly, if it gets stolen, someone could easily extract the value for themselves. This is a lot riskier than simply sending it from your wallet.

Convenience: 3/5

Security: 1/5

Value: 3/5

Bitcoin ATM

Bitcoin ATMs, also known as Bitcoin kiosks or BTMs, enable you to exchange cash for BTC, Litecoin, Ethereum, or other cryptocurrencies in person. Although they are different from the machines you would find at a traditional bank, just like an ATM, you can deposit or withdraw cash. The main difference is you buy cryptocurrency when you deposit cash and you sell it when you make a withdrawal.

Bitcoin ATMs are a great option because they save a lot of the hassle of going through lengthy online sign up processes and they are one of the easiest methods to use.

Pros:

• Simple to use: It doesn’t get much easier than inserting cash into a machine and instantly buying your cryptocurrency of choice. All you need is cash, a phone, and a digital wallet. This makes it a great way to explore the market without the hassle of creating an account with an online exchange.
• Direct: There is no middleman at all if you buy from an ATM. It’s a direct transaction so there’s no waiting for funds to arrive from your bank or for an online exchange to approve your transaction.
• Secure: Bitcoin ATM providers are regulated by FINTRAC. If you are unsure about whether the machine you are using is legit, you can search for the name of the company on FINTRAC’s registry for peace of mind your transaction will be secure.

Cons:

• Must have cash: If you don’t happen to have cash on you, there are not a lot of options out there to buy at a machine. Fortunately, there are ways you can still transact without cash, such as via Interac® e-transfer.
• Fees: one of the drawbacks of machines is that trading fees are usually higher than online exchanges. Of course this all depends on your personal preference and plenty of people prefer to use Bitcoin ATMs for the convenience and ease of use.

Convenience: 5/5

Security: 5/5

Value: 3/5

OTC Desk Locations

OTC, or over-the-counter, involves buying cryptocurrency via a broker, either in person or virtually. This option is ideal for investors looking for a personalized service.You speak directly to an account manager who provides advice and handles the trade for you.

The downside is you usually have to spend a certain amount to qualify, however, using private exchange services makes sense for large volume trades. 

Pros:

• Personalized service: Having someone else place a trade on your behalf removes a lot of the stress involved in buying Bitcoin.
• Expert advice: OTC brokers usually have experience when it comes to making trades. If you’re new to the world of cryptocurrency, expert advice can help maximize your investment.

Cons:

• Fees: At the end of the day, you are paying for a service with OTC, and this is reflected in the slightly higher fees you pay.
• Large volume: OTC is designed for people with large sums to invest in Bitcoin, meaning it is not suitable for the average customer.

Convenience: 5/5

Security: 5/5

Value: 3/5

Purchase Bitcoin direct from a seller

There are forums and posts on sites like Facebook Marketplace, Reddit, and Craigslist (That’s right! Remember Craigslist?) as well as niche sites where people will literally sell you Bitcoin. Of course, there are risks involved because you’re essentially buying from a stranger.

It is possible to find cheaper rates, but this method is more labour intensive than other alternatives. When you buy from a reputable company, you do not need to scour multiple websites for a cheaper deal, customers know exactly what to expect every time.

Pros:

• Bargain deals: People who buy crypto this way are usually looking to squeeze every satoshi they can out of a deal. It is possible to find some great rates, especially if you find a motivated seller.

Cons:

• Risky: Buyers take on a lot of risk when they buy directly from a seller online. Often there is no way of knowing if the seller will deliver what they promise.
• Time consuming: Searching through page after page to find the best deal consumes a lot of time and effort.

Convenience: 1/5

Security: 1/5

Value: 3/5

INTERAC® e-Transfer

INTERAC® e-Transfer is arguably the best way to buy Bitcoin in Canada. It is as easy as sending money to a friend, it takes just a few minutes, and the fees are relatively low. Transactions are secure when you buy Bitcoin via e-Transfer from a reputable company and service is convenient and fast.

The sign up process is much shorter for e-transfer than it is for online crypto exchanges like Newton or Shakepay, which can take hours or even days to go through. Similarly, you don’t have to wait what seems like an age for a bank wire transfer to fund your account.

Pros:

• Fast: Transactions are usually seamless and completed in a matter of minutes.
• Secure: So long as you are buying from a trusted source, you can rely on the proven INTERAC® e-Transfer infrastructure, so you know your funds will be safe.
• Simple: All you need to get started for transactions below $1,000 is a phone number and there are no extra hoops you have to jump through like there are for online exchanges.

Cons:

• Limited transaction size: A downside to using e-Transfer is your bank will usually limit the amount you can send in one day. So long as you only plan to purchase Bitcoin below a few thousand Canadian dollars in value, however, this option is perfectly suitable.

Convenience: 5/5

Security: 5/5

Value: 3/5

Debit

Buying digital currencies with a debit card is a simple way to join the cryptocurrency world. It works just like making a standard purchase online. All you need to do is pick a trustworthy trading platform, sign up for an account and enter your card details.

The downside of debit transactions is that not all banks allow it and some operators will flag crypto purchases as fraudulent. This can lead to long, frustrating delays.

Pros:

• Fast: Most exchanges can process transactions quickly.
• Simple: The sign up process usually takes a few minutes, unlike online exchanges.

Cons:

• Bank restrictions: Banks can sometimes get involved and prevent purchases from going through

Convenience: 3/5

Security: 5/5

Value: 3/5

Credit

You should tread carefully when buying crypto with a credit card. Customers should avoid making speculative purchases and only spend what they know they can pay back comfortably.

One of the key drawbacks of using a credit card is the fees. Banks usually charge more for purchases of cryptocurrency on credit because of the inherent risk the borrower might not be able to pay it back.

Having said that, if you’re responsible and know what you’re doing, buying Bitcoin with a credit card is as equally straightforward as using a debit card.

Pros:

• Convenient: Just like debit transactions, the process is usually fast and simple.

Cons:

• Fees: There are cheaper options out there that are just as fast and convenient.

Convenience: 3/5

Security: 5/5

Value: 1/5

Bank wire transfer

If the fees involved with using a credit card put you off and you have some time on your hands, bank wire transfers are a cheaper alternative. There are usually no bank fees involved in transferring money to fund your crypto account, however, whether you run into problems with your bank is another question.

Bank transfers can take days to go through, especially if you are a first time buyer. This can be annoying to say the least, especially if you miss out on an opportunity with a Bitcoin price fluctuation, for example.

Pros:

• Free: Bank transfers to fund your account usually cost nothing.

Cons:

• Time: Wires sometimes take a day or two to go through.

Convenience: 1/5

Security: 5/5

Value: 3/5

Apps

Some mobile apps, such as Wealth Simple, offer Bitcoin investment options. The apps are usually user-friendly and if you are familiar with how they work, funding your account is simple enough.

It is important to exercise caution when choosing which app to go with. Make sure the app allows you to send BTC to your crypto wallet. Some providers only allow you to keep funds in their custody wallet, meaning you do not have total control over your crypto asset.

Pros:

• User-friendly: If you’re new to crypto, the apps will help to guide you through the whole process.

Cons:

• Lack of control: Some apps only allow you to keep funds in their custody wallet.

Convenience: 2/5

Security: 3/5

Value: 3/5

Online exchanges

If you have looked into buying cryptocurrency at all you are bound to have come across online exchanges like Binance, Coinbase, and Kraken. These trading platforms are usually good for beginners and offer a wide range of altcoins in addition to the more established cryptocurrencies.

While they are a lot of people’s first step into the crypto universe, many people soon start looking for alternatives. Users are put off by lengthy sign up processes, privacy concerns, and poor customer service.

Pros:

• Guidance: Most sign-up processes, while lengthy, are well designed and walk the user through step-by-step.

Cons:

• Slow: If you are using an exchange for the first time, it can take a long time to get your account approved and funded.
• Invasive: Some online exchanges require you to surrender a lot of information before you can start trading.

Convenience: 3/5

Security: 3/5

Value: 3/5

Conclusion

There is no shortage of methods you can use to buy Bitcoin. INTERAC® e-Transfer is the best way to buy Bitcoin in Canada from an overall perspective. It scored highest in our ratings and is generally fast, secure, and good value.

The ultimate deciding factor in what defines “best”, however, is you. That is the great thing about cryptocurrency today: with more ways to buy than ever before there is bound to be an option that fits your needs and level of knowledge.

Click here to buy using INTERAC® e-Transfer

The post What is the Best Way to Buy Bitcoin in Canada? appeared first on Baltisee Virtual Unit.

Buy Bitcoin Using Cash at a Convenient ATM

Discover a Baltisee Virtual Unit ATM nearby from our network of 200+ locations across Canada, allowing you to purchase Bitcoin within minutes.

Find ATMs

How it works

Get Started In A Few Minutes

1. Prepare Your Crypto Wallet

Ensure you have a crypto wallet app on your phone. Download one from your app store or temporarily use our Custody Wallet.

2. Verify Your Account

Complete SMS verification for your phone number. For purchases exceeding $1,000, complete KYC verification for added security.

3. Insert Cash & Select Crypto

After viewing the exchange rate and fees, input the desired cash amount for your cryptocurrency purchase. Select the cryptocurrency you wish to buy.

4. Finalize Transaction

Scan your crypto wallet's QR code at the ATM to complete the transaction. You'll receive instant confirmation, and your coins will typically arrive within 1-2 hours (with variations).

why choose us ?

Advantages of Baltisee Virtual Unit ATMs

Effortless Experience

Buying Bitcoin through our user-friendly ATMs takes mere minutes to set up. Enjoy top-tier security without the lengthy setup process.

Versatile Buying Options

Whether you're new to crypto or an experienced trader, our platform is designed to suit your needs. You can make purchases anywhere between $20 and $20,000.

Wide Accessibility

Our network of 200+ ATMs spans across Canada, ensuring easy access in small towns and big cities alike.

Partner With Us

Host a Bitcoin ATM

Are you a store owner seeking innovative ways to boost foot traffic and revenue? Elevate your business with a Baltisee Virtual Unit ATM!

Learn More

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Buy Bitcoin with Assistance

Experience secure and effortless Bitcoin purchase facilitated directly through Baltisee Virtual Unit’s team of experts. 

Get Started

How it works

Make Purchases In A Few Minutes

1. Contact Us

Begin by reaching out to our dedicated OTC team. Fill out the form below or contact us via email or phone to initiate the process.

2. Consultation

Discuss with our experts about your requirements like desired quantity, preferred payment method, and any additional services you may need.

3. Pricing & Terms

The Baltisee Virtual Unit team will provide you with a competitive quote tailored to your needs. We offer transparent pricing and flexible terms.

4. Finalize Transaction

Once you've reviewed and accepted the terms, we'll proceed with the trade. Your coins will be sent directly to your crypto wallet.

why choose us ?

Benefits of Baltisee Virtual Unit OTC Assistance

Experience & Expertise

Tap into our OTC team's wealth of cryptocurrency experience, gaining valuable market insights.

Competitive Rates

Enjoy competitive rates and transparent pricing structures, with no hidden fees or surprises.

Enhanced Security

Making a large Bitcoin purchase? Rest assured that your transactions are conducted with the highest level of security and discretion.

Efficiency & Speed

Save time and experience swift transactions. Our OTC desk allows you to finalize large transactions with a simple phone conversation.

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