Beaver Bitcoin

Beaver Bitcoin Terms of Use

Last Updated: March 20, 2025

1. Beaver Bitcoin

Beaver Bitcoin (beaverbitcoin.com) is a non-custodial Bitcoin buying and selling platform operated by Dam Good Money Corp. (“we,” “us,” “our,” or “Beaver Bitcoin” in this agreement), a Canadian federal corporation headquartered in Toronto, Ontario. We are registered with the Financial Transactions and Reports Analysis Centre of Canada (“FINTRAC”) as a Money Services Business (#M21577275) for money transfer services and virtual currency dealing.

2. Beaver Bitcoin services

Beaver Bitcoin provides the following services (collectively, the “Service”) to customers (“you” or “your”) who agree to these Terms of Use:

  • Instant Buys: Purchase bitcoin via Interac e-Transfer with immediate delivery to your non-custodial wallet.
  • Recurring Buys: Automatically purchase bitcoin on a recurring basis (e.g., weekly) via pre-authorized debit.
  • Large Buys: Purchase larger amounts of bitcoin with bill payment or wire transfer.
  • Bitcoin Selling: Sell bitcoin to Beaver Bitcoin by sending us bitcoin from your non-custodial wallet, and we’ll deliver CAD to your designated bank account via electronic funds transfer.
  • Beaver Plaid: A personal service offering for larger bitcoin purchases (beaverbitcoin.com/plaid) providing customized Bitcoin buying support.

We provide the Service through our website (beaverbitcoin.com), emails, and customer support tools, collectively referred to as the “Beaver Bitcoin Platform.” We may use third-party providers to fulfill some or all of our obligations under this agreement, and references to “Beaver Bitcoin” may include these partners where applicable.

Recurring Buy Details

By setting up a Recurring Buy, you authorize pre-authorized debits through our payment service provider (currently Apaylo) and agree to their Terms of Use. During your recurring buy setup, you’ll provide your bank account details including your bank numbers for account, institution and transit. Neither Beaver Bitcoin nor our service provider claims ownership of your bank account or funds beyond withdrawing amounts you specify for Recurring Buys, valued in CAD.

Bitcoin Selling Details

For Bitcoin Selling, you send Bitcoin from your non-custodial wallet to a unique address we provide. Upon confirmation of receipt on the Bitcoin blockchain, we’ll initiate a CAD payment to your Canadian bank account via electronic funds transfer (e.g., Interac e-Transfer). You’re responsible for ensuring the Bitcoin is sent correctly and from a wallet you control—Beaver Bitcoin is not liable for errors in transmission.

Account Requirements

To use the Service, you must create an account (“Account”) as your access point. You agree:

  • Not to share your Account credentials or allow third-party use.
  • To use your own non-custodial Bitcoin wallet for receiving purchased bitcoin.
  • To bear full responsibility for securing and storing your bitcoin after delivery—Beaver Bitcoin is not liable for loss or theft post-transfer.
  • Not to initiate chargebacks or reverse funds sent to Beaver Bitcoin without our prior authorization.

We reserve the right to restrict or terminate your access to the Service or Account at our discretion, with or without notice.

3. Eligibility to Use Beaver Bitcoin

To use the Beaver Bitcoin Platform, you must:

  • Be a Canadian resident, physically located in Canada.
  • To use your own non-custodial Bitcoin wallet for receiving purchased bitcoin.
  • Be at least 18 years old.
  • Not be listed on any Canadian or international sanctions list.
  • Use the Platform solely for your personal use, not as an agent or on behalf of others.
  • Meet our anti-money laundering (AML) standards, applied at our sole discretion.

If you no longer meet these criteria, you must stop using the Platform and notify us immediately at hello@beaverbitcoin.com. By agreeing to these Terms, you consent to us verifying your information with third parties (e.g., credit bureaus, AML providers). Residents of the U.S., Europe, Asia, or any jurisdiction outside Canada are not permitted to use the Service.

4. Your Privacy

As a FINTRAC-registered entity, we may share your personal information with regulatory bodies, law enforcement, credit bureaus, AML service providers, identity verification partners, or financial institutions as required by law or for Account verification. Our privacy practices are detailed in the Beaver Bitcoin Privacy Policy (beaverbitcoin.com/privacy), which forms part of this agreement.

5. Pricing

Our real-time rates for buying and selling bitcoin are displayed throughout our website on landing pages and also when logged in from the Buy Bitcoin tab (beaverbitcoin.com/buy) and the Sell Bitcoin tab (beaverbitcoin.com/sell)

The CAD/BTC exchange rate for your purchases is set by Beaver Bitcoin based on rates from our liquidity providers, once we’ve received your funds:

  • Instant Buys: Phe rate is displayed in your Transactions tab after we exchange your CAD for bitcoin and deliver it to your wallet.
  • Recurring Buys: The rate is shown in your Purchases feed after the exchange and delivery is complete; all customers buying on the same day receive the same rate.
  • Large Buys: The rate is displayed in your Transactions tab after we exchange your CAD for bitcoin and deliver it to your wallet.
  • Bitcoin Selling: The rate is displayed in your Transactions tab after we receive your bitcoin and your exchange and delivery is completed; CAD payment reflects this rate less any applicable fees.
  • Beaver Plaid: Rates align with other services unless otherwise specified during your personalized consultation.

6. Fees

At Beaver we take pride in having transparent pricing and fees communicated clearly on our website landing pages and in our Help Center. For legal speak, the fees we may charge can include:

  • A transaction fee (typically a percentage) for purchasing or selling bitcoin on your behalf.
  • A flat delivery fee for transferring bitcoin to your wallet.
  • Fees passed on from our payment service provider.
  • Admin fees for returning funds.
  • Costs to resolve disputes or chargebacks initiated by you or third parties.

7. Your Obligations

You agree to:

  • Comply with these Terms of Use.
  • Provide accurate, honest information for your Account.
  • Use the Beaver Bitcoin Platform only for lawful purposes.

8. Liability

To the fullest extent permitted by law:

  • Beaver Bitcoin does not guarantee the Platform’s quality, performance, or fitness for a specific purpose, nor the accuracy, completeness, or timeliness of information provided (e.g., data, reports, or analyses).
  • We are not liable for any direct, indirect, consequential, or other losses, damages, or expenses (including negligence or breach of contract) arising from your use of the Platform or reliance on its information.
  • Your sole remedy if dissatisfied is to terminate these Terms as outlined below.
  • We are not liable for fines, penalties, taxes, punitive damages, or losses (e.g., business, revenue, or opportunity costs) stemming from your use or third-party services (e.g., exchanges or platforms).

You use the Platform “as is” at your own risk and should independently verify any information provided.

9. Indemnity

To the maximum extent permitted by law, you agree to indemnify, defend, and hold harmless Beaver Bitcoin, its affiliates, and third-party providers from all claims, losses, damages, penalties, or expenses (including reasonable legal costs) arising from:

  • Your use of the Platform.
  • Your breach of these Terms, any law, or regulation.
  • Your sole remedy if dissatisfied is to terminate these Terms as outlined below.
  • Your violation of our intellectual property, privacy, or other rights.
  • Inaccurate information you provide.
  • Any damage you cause to the Platform, other users, or third parties.

10. Termination

You may terminate this agreement by closing your Account and ceasing use of the Platform, notifying us at hello@beaverbitcoin.com. We may terminate or suspend your access at any time, with or without cause or notice. Upon termination, Sections 8 (Liability), 9 (Indemnity), and any obligations surviving by their nature remain in effect.

11. Changes to These Terms

We may update these Terms as our services or legal requirements evolve. The latest version will be posted at beaverbitcoin.com/terms, effective immediately upon posting. Significant changes will be communicated via email or a site notice. Continued use of the Platform after updates constitutes acceptance.

12. Contact Us

For questions or to report issues email hello@beaverbitcoin.com