Bitaccess
- Company typePrivate
- Founded2013
- HeadquartersOttawa, Canada
- Headcount1–10
- GTM typeB2B
- OfferingSoftware
Bitaccess firmographics
Firmographics- Name
- Bitaccess
- Legal name
- Bitaccess Inc.
- Website
- https://bitaccess.ca
- Company type
- Private
- Founded year
- 2013
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Ownership category
- akta.pro rank
Bitaccess industry classification
Industry- Product category
- Blockchain Infrastructure
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Finance Services (6199)
- akta.pro primary industry
- POS, QR & In-Person Acceptance Infrastructure (Crypto) (FSADAIAI)
- akta.pro secondary industries
- Crypto Payment Gateways & Checkout APIs (FSADAIAA), KYC/KYB Identity Verification & Onboarding (FSADALAA), Settlement, Reconciliation & Merchant Treasury Tools (Crypto) (FSADAIAK), Crypto Payments & Stablecoin Settlement Platforms (BPAMAFAL)
Keywords
Where Bitaccess is headquartered
LocationHeadquarters
- HQ city
- Ottawa
- HQ country
- Canada
- HQ region
- North America
Offices1 record
Markets served
Bitaccess business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Supply Chain, Marketing or Sales, Operations
Revenue model
- Bitcoin ATM Hardware Sales: Bitaccess manufactures and sells Bitcoin ATM machines (BTMs) directly to operators. The BTM SE model is priced at $6,000 per unit. Machines are two-way by default, supporting both buying and selling of Bitcoin and altcoins.
- BTM Software Licensing & Platform Fees: Bitaccess provides software services to power fintech businesses' core infrastructure, compliance, security, and support services. This includes KYC software, Enterprise Wallet, Smart Contract development, and Cash API sold as subscriptions or licensing to enterprise customers from startups to Fortune 500 companies.
- BTM Transaction Fees: Bitcoin ATM operators charge service fees on each transaction. Bitaccess earns from the overall platform that powers these transactions. BTM operators generate ancillary income from transaction fees at hosted machine locations.
- Consumer Cryptocurrency Sales: Bitaccess operates BuyBitcoinCanada.com enabling consumers to purchase Bitcoin and Ethereum via multiple payment methods including ETF, Interac Online, credit card, and Flexepin vouchers. Revenue generated from spread/markup on exchange rates.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| One time/ perpetual license | Pay-as-you-go | BTM SE hardware unit at $6,000 per machine |
| Subscription | Annual | Enterprise software licensing (KYC, Enterprise Wallet, Cash API, Smart Contracts) |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels5 records
Bitaccess product offering
Product offeringCore offering
Bitaccess designs, manufactures, and sells Bitcoin Teller Machines (BTMs) and a portfolio of blockchain software products for the fintech industry. The company provides enterprise software including KYC compliance tools, an enterprise Bitcoin wallet, Cash API for crypto-to-cash conversion, and the Catena Blockchain Suite for publishing datasets onto public or private blockchains. It also operates a consumer-facing portal (BuyBitcoinCanada.com) and a global BTM network enabling cash-to-cryptocurrency transactions in over 15 countries.
Product overview
Bitaccess is a Canadian blockchain technology company offering a portfolio of fintech software products. The core offerings include BTM (Bitcoin Teller Machines) - Bitcoin ATMs that allow cash-to-crypto and crypto-to-cash conversion; Catena Blockchain Suite - a blockchain publishing platform for government and enterprise datasets; and Cash API - an API for crypto-to-cash conversion. Additional modules include KYC compliance software, Enterprise Wallet for high-velocity Bitcoin transactions, and Smart Contracts/Velocity Markets for custom blockchain development. The company serves customers from startups to Fortune 500 companies in over 15 countries.
Differentiator
Problem solved
Functional benefit
Brands
- BTM (Bitcoin Teller Machine): Bitcoin ATM machines enabling users to deposit cash and receive Bitcoin or exchange Bitcoin for traditional currency. Features two-way functionality supporting both buying and selling Bitcoin.
- Catena
- Cash API
- BuyBitcoinCanada.com
Products and services
- BTM (Bitcoin Teller Machine) Bitcoin ATM hardware and operating software that enables users to deposit cash and instantly receive Bitcoin in a digital wallet, or exchange Bitcoin for traditional currency. Available as two-way machines supporting both buying and selling of Bitcoin. Sold to BTM operators worldwide.
- BTM SE (Special Edition) Next-generation two-way Bitcoin ATM with expanded cash recycler, enhanced security locks, QR code scanning, KYC/AML compliance, and analytics integrations. Sold directly to BTM operators at $6,000 per unit.
- Catena Blockchain Suite Industry-first blockchain publishing suite enabling institutions to publish complex datasets onto public or private blockchains using smart contracts and hardware security modules. Used by the National Research Council of Canada for transparent government grant tracking.
- Cash API API service enabling DeFi apps, exchanges, and e-banks to securely allow customers to instantly convert cryptocurrency to cash, built on Bitaccess's global BTM network.
- BuyBitcoinCanada.com Consumer-facing portal enabling Canadians to purchase Bitcoin and Ethereum via multiple payment methods including direct bank transfers (ETF), Interac Online, credit card, and Flexepin cash vouchers.
Quantifiable outcome
- Over 4000 BTM units deployed globally
- +3 more outcomes
Companies that use Bitaccess
Customer profileNamed customers4 records
Segments4 records
Ideal customer profiles4 records
Bitaccess technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration4 records
Feature7 records
Bitaccess partnerships and signals
Strategic signalPartnerships
Seven partnerships are on record, tiered core, minor and flagship.
- Coinbase PrimecoreCoinbase Prime is supported as a trading and exchange integration on Bitaccess's BTM SE platform, enabling operators to access Coinbase's liquidity and trading services.
- OkCoin.comcoreOkCoin.com is supported as a trading and exchange integration on Bitaccess's BTM SE platform, enabling operators to access OkCoin's trading services.
- Faa.stcoreBitaccess integrated Faa.st software into its BTM platform, enabling customers to purchase over 70 different altcoins with cash or sell them for cash on the spot. All altcoin transactions are settled through BTC, requiring no additional inventory for BTM operators.
- Fintech Canada ConferenceminorBitaccess presented at the 4th Annual Fintech Canada Conference at the MaRS Discovery District in Toronto, discussing 'CEOs of Digital Currencies Exchanges' alongside other industry leaders.
- National Research Council of Canada (NRC IRAP)flagshipThe National Research Council of Canada, through its Industrial Research Assistance Program (NRC IRAP), uses Bitaccess's Catena Blockchain Suite to conduct a live trial exploring the use of public blockchains for transparent administration of government grants and contributions. NRC IRAP publishes grants and contribution data in real-time on the Ethereum blockchain, with the blockchain explorer hosted on IPFS. This is a flagship government reference customer and co-development partnership.
- ETHWaterloominorBitaccess sponsored the world's largest Ethereum hackathon (ETHWaterloo) organized by the team behind Hack the North. Founder Moe Adham and senior blockchain engineer Shayan Eskandari presented 'Bootstrap Ethereum Development' teaching attendees how to build on Ethereum.
- Rubix by DeloittecoreDeloitte's dedicated blockchain technology offering, Rubix by Deloitte, installed a Bitaccess BTM at their downtown Toronto office (22 Adelaide St. W, Financial District). The BTM was publicly accessible and occasionally traveled with the Rubix team to conferences and events. Both organizations share the goal of advancing knowledge around blockchain technologies.
Scale indicators5 records
Recent moves6 records
Expansion highlights6 records
Bitaccess competitors and assessment
Company assessmentBroad incumbents
- BitPay: Large crypto payment gateway and merchant services provider. Comparable as a broader fintech infrastructure provider where Bitaccess competes on merchant-facing crypto acceptance rails.
- BitGo: Institutional digital asset custody and wallet infrastructure provider. Comparable to Bitaccess's Enterprise Wallet module as a competing provider of secure crypto wallet infrastructure for fintechs and enterprises.
- Coinbase: Major U.S. crypto exchange integrated directly into Bitaccess's BTM SE as a trading venue. Comparable as the dominant crypto on-ramp/off-ramp provider whose direction shapes demand for BTM services.
Direct peers
- RockItCoin: Bitcoin ATM manufacturer and operator serving U.S. retail locations. Comparable to Bitaccess as a BTM hardware vendor competing for the same operator customer base.
- Genesis Coin: Established Bitcoin ATM manufacturer with one of the largest installed bases of BTM units in the U.S. Directly competes with Bitaccess on BTM hardware and operator software.
- Lamassu: Pioneer Bitcoin ATM manufacturer focused on open-source hardware. Comparable to Bitaccess as a competing BTM hardware brand, with a more open-source/operator-friendly positioning.
- General Bytes: Major manufacturer of Bitcoin ATMs and crypto processing software, serving operators globally. Closely comparable to Bitaccess as a competing BTM hardware and software turnkey provider.
- Coinsource: U.S.-based Bitcoin ATM operator with a large national network. Comparable to Bitaccess both as a buyer of BTM infrastructure and as a provider of compliant cash-to-crypto services.
- Bitcoin Depot: Largest Bitcoin ATM operator in North America, with thousands of BTMs across the U.S. and Canada. Directly comparable as a buyer of BTM hardware/software and as a competitor in cash-to-crypto conversion services.
Emerging players
- Chainalysis: Blockchain analytics and compliance provider used by regulators and financial institutions. Adjacent to Bitaccess's KYC and compliance modules and indicative of the broader crypto-compliance software category.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Bitaccess social profiles
Digital presenceBitaccess financial estimates
Financial estimateRevenue estimate
Valuation estimate
Bitaccess leadership team
Management profileNumber of profiles
Profiles2 records
Bitaccess funding detail
Funding detailFunding overview
Funding rounds3 records
Investors7 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Bitaccess M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Bitaccess
What does Bitaccess do?
Bitaccess designs, manufactures, and sells Bitcoin Teller Machines (BTMs) and a portfolio of blockchain software products for the fintech industry. The company provides enterprise software including KYC compliance tools, an enterprise Bitcoin wallet, Cash API for crypto-to-cash conversion, and the Catena Blockchain Suite for publishing datasets onto public or private blockchains. It also operates a consumer-facing portal (BuyBitcoinCanada.com) and a global BTM network enabling cash-to-cryptocurrency transactions in over 15 countries.
Is Bitaccess a public or private company?
Bitaccess is a private company. It is classified as venture growth investor backed and is currently operating.
When was Bitaccess founded?
Bitaccess was founded in 2013. It employs 1 to 10 people.
Where is Bitaccess based?
Bitaccess is headquartered in Ottawa, Canada, in the North America region.
How does Bitaccess make money?
Four revenue lines are on record. Bitcoin ATM Hardware Sales are the primary driver. The others are BTM Software Licensing & Platform Fees, BTM Transaction Fees and consumer Cryptocurrency Sales.
Who are Bitaccess's main competitors?
Broad incumbents on record are BitPay, BitGo and Coinbase. Direct peers are RockItCoin, Genesis Coin, Lamassu, General Bytes, Coinsource and Bitcoin Depot. Chainalysis is listed as an emerging player.
Does Bitaccess have an API?
No public API is recorded for Bitaccess.
What industry is Bitaccess in?
Bitaccess's product category is Blockchain Infrastructure. Its primary akta.pro industry code is FSADAIAI, POS, QR & In-Person Acceptance Infrastructure (Crypto), with a secondary code of FSADAIAA, Crypto Payment Gateways & Checkout APIs. Its NAICS code is 522320 and its SIC code is 6200.