Bitstamp Enables Canada-based Customer Deposits

Customers in Canada will be now able to deposit Canadian dollars into their Bitstamp accounts following the bitcoin exchange’s partnership with payment processor Vogogo.

According to a company post, funds deposited via eCheck will take up to 5 days to clear into customers’ Bitstamp accounts. Deposits, subject to a 1% transaction fee, are subject to a minimum of $1 and a maximum of $250.

Previously, Canada-based customers were only able to deposit funds via international wire transfers, subject to a 0.05% transaction fee.

The announcement follows San Francisco-based bitcoin exchange Kraken’s partnership with Vogogo, which will also allow customers in Canada to convert dollars into digital currencies.