Terry Ritchie, co-author of The Canadian Snowbird in America and a cross-border financial expert with Cardinal Point Wealth Management Inc., also recommends
specialized currency exchange services provided by firms like Knightsbridge Foreign Exchange, Canadian Forex, Western Union Business Solutions and AFEX.
Bitcoin
exchanges typically have multiple components to their
service offerings such as buying, selling, trading (user - to - user),
specialized computer algorithms to match together buyers and sellers, order books, fast deposits and withdrawals, multiple
currencies, compliance with Know Your Customer (KYC) and Anti-Money Laundering (AML) laws, a focus on user security and Bitcoin security, Two - Factor Authentication (2FA), proof of solvency, integrated wallets to store bitcoin, and so on.