Bitcoin Well

Bitcoin Well is a Canadian Bitcoin company founded in 2013 by CEO Adam O’Brien. Originally launched as Bitcoin Solutions with Alberta’s first Bitcoin ATM in 2014, the company rebranded to Bitcoin Well in 2020 and listed on the TSX Venture Exchange in 2021 under the ticker BTCW. It is registered with FINTRAC in Canada and FinCEN in the United States, and serves more than 50,000 users.

The company’s core principle is self-custody: when users buy Bitcoin through Bitcoin Well, the Bitcoin is delivered directly to their personal wallet rather than held on the platform. This applies across all purchase channels, including online purchases and the company’s network of over 160 Bitcoin ATMs concentrated in Alberta and Ontario.

WellWallet is Bitcoin Well’s dedicated mobile wallet app, available for iOS and Android. It is non-custodial, meaning users hold and control their own master recovery phrase. The app was previously known as Rise Wallet before being rebranded to WellWallet. It supports Bitcoin only, consistent with the company’s focus on a single-asset, self-sovereignty approach. Purchases made on the Bitcoin Well platform can be received directly in WellWallet, and the app also integrates with Bitcoin Well ATMs for cash-to-Bitcoin transactions.

Bitcoin Well supports both on-chain and Lightning Network transactions, allowing flexibility for small or instant payments. For high-volume buyers, the platform offers Bitcoin Well Infinite, an OTC desk with dedicated advisors for transactions above $50,000. Additional services include bill payment using Bitcoin from a personal wallet. The platform operates in Canada and the United States.