nTrust, found online at nTrust.com, claims to make it easy to buy, sell, and use Bitcoin Cash (BCH) and Bitcoin (BTC) instantly. Find out how it works today in our review.
What is nTrust?
nTrust is a payment platform where you can buy and sell Bitcoin (BTC) or Bitcoin Cash (BCH). The platform makes it easy to transfer bitcoin to others or purchase bitcoin from your bank account. They claim to offer no mining fees and no hassle. In fact, there are no fees listed on the official website aside from a 1.9% fee for the prepaid credit card. Deposits and purchases are free.
The service is regulated by FINTRAC, Canada’s independent financial intelligence unit. It also emphasizes high security, and claims its “pro fraud prevention specialists track cloud activity and look for suspicious patterns” in order to shut down theft before it even begins.
As a Level One rated PCI-DSS compliant company, nTrust’s security, internal policies, and data handling meet or exceed global standards created by major credit card companies like MasterCard and VISA.
Basically, nTrust is yet another website where you can easily purchase Bitcoin or Bitcoin Cash. Let’s take a closer look at how it works. nTrust focuses on Canadian users and Canadian Dollars. It’s part of the nChain group of companies, which is one of the world’s largest blockchain company collections.
How Does nTrust Work?
nTrust lets you buy Bitcoin Cash and Bitcoin instantly, then store it in the platform or send it anywhere in the world. You can also sell bitcoin through nTrust, then withdraw funds to your bank account.
In other words, nTrust operates like an exchange, but specializes in Bitcoin and Bitcoin Cash. The website also emphasizes a user-friendly purchasing process – similar to Coinbase. nTrust currently only accepts Canadian Dollars, and it currently only supports users from Canada.
Meanwhile, you can order a prepaid credit card in physical or virtual form. You load funds from your nTrust account, add them to your card instantly, and can spend them at locations worldwide.
Interestingly, nTrust charges no fees when buying or selling Bitcoin or Bitcoin Cash. You can send bitcoin to anyone with no fees, withdraw from your nTrust account to a bank account with no fees, and pay your bills.
The only fee listed on the nTrust website is a 1.9% fee for an nTrust prepaid card.
You can view the full list of nTrust fees here. All fees are listed as 0% except for the aforementioned prepaid credit card.
nTrust is based in Vancouver, Canada. In a recent job posting, the company described itself as “a rapidly growing blockchain platform offering Canadian customers a way to easily buy, sell, send, and store cryptocurrency.” nTrust is part of the nChain Group of companies, based in London, UK.
nTrust seems like a Canadian version of Coinbase. The platform is based in Canada and currently only supports Canadian users. You can use the platform to exchange your Canadian Dollars (transferred from a Canadian bank account) for Bitcoin (BTC) or Bitcoin Cash (BCH).
nTrust seems to have no fees whatsoever. The company claims to accept your money and let you buy bitcoin with no fees whatsoever. The only way they make money is through the prepaid credit card, for which they charge a 1.9% fee.
To learn more about nTrust and how it works, visit online today at nTrust.com.