I have been studying Banxa ever since it hit the market in Jan with the Banxa Ticker, here is stuff you need to keep in mind which is public knowledge, I have read all material on this company possible.
1. BANXA has a exclusive partnership with the Australian Post , which is the post office of Australia , where people can walk in and exchange cash for crypto. THIS IS HUGE !!!!!
2. Banxa is payment method is available on Binance which is the worlds largest crypto exchange. When you compare the options, they are the cheapest way to get crpyto in your wallet. Other companies charge 9%-13% from my experience, with banxa you get 1.99% fee. Which is super cheap. The only cheaper option is to directly buy through Binance, THE PROBLEM IS THAT VISA and MASTERCARD have DENIED ALL BINANCE related PAYMENTS in Canada. Which makes Banxa the solution.
3. A lot of insider buying according to insider reports
4. Allows users to buy crypto with E-transfer and CC. I personally tried the e-transfer option. its awesome.
5. Banxa dominates crypto gateway in Canada and Australia
6. According to Morningstar report through TD brokerage, Banxa has outperformed most Crypto Stocks like Hive and Cryptostars. The Quality of the earnings far outshines others in the industry
7. The stock does not get impacted by volatile swings in bitcoin or Ethereum.
8. They Lobbied Australian Government for Crypto in Australia
9. Partnered Trezor, industry heavy weight.
This is all public knowledge,I have read all reports in details thoroughly and watched all videos regarding the company and the interviews with the CEO
n
not stressed about short term prices, here the Statement of CEO: Not stressed about short term price- the business is performing very nicely and we had one of our biggest days in history today! https://twitter.com/dcarosa/status/1392120039856386049?s=20
S
Haha another 500 shares at $4.60. Hope you all caught that nice dip. Banxa makes money when people sell crypto too.
S
Transferring funds into my tfsa so I can buy more at this price point. Never expected to be presented with this gift. Almost 50% down from ATH
even thought my AVG is higher, this price is the funniest joke ever
l
Who gave the buy rating and target for this?
A
Honestly this low volume just shows me that every investor here is holding for the long. You can tell no one is jumping to sell because of how low the volume is every single morning.
With that being said, as soon as they announce income$, every dollar of volume will likely be a new investor, not a seller.
C
Hi Banxa! Still alive? the markets needs your earnings ASAP
V
So : I wrote directly to investors relations at BanXa to learn about their earnings date. They confirmed that the date would be announced next week. But my understanding is that it should be on or around mai 28.
M
I'm long on this stock. Mainstream adoption of crypto currencies to me is nascent. Whether their valuations go up or down so long as there are transactions BNXA.V will make revenue, and BNXA.V is in a growth phase. Will there be swings and shorters along the way? Probably. My time horizon is lengthy so I'm immune to that. Waiting 12-months or more for a NASDAQ listing? Worth it. Waiting for mainstream adoption by institutions? Worth it. When you look at their last quarterly report they had TSX listing fees that overtook revenues. I'm guessing that was mainly a one time cost. Waiting for the next earnings report? Worth it!
V
anyone know if they might be uplisted to a bigger exchange?
J
Volume is higher just need the Sp to go up!
S
With inflation expected to skyrocket, crypto will become a safe haven. Buy the dips
A
Time to add more.
A
When is the earning? I think because of Bitfarm listing news on Nazdaq some of the money have been moved from this stock and have gone to Bitfarm or Ethereum. However, i think if earning surprise again, these monies will return back and will push this stock closer to its fair value (which is over $7).
F
Sleepy giant will wake up soon
t
"For the first time, customers of some U.S. banks will soon be able to buy, hold and sell bitcoin through their existing accounts, according to crypto custody firm NYDIG."
Seems like a good opportunity for Banxa, no?
A
Picked up 20,000 shares today
C
Highlights:
Total Transactions Value (TTV) for April 2021 was $110 million which represents a 1,000% increase vs. April 2020
The company has processed over $310 million in transactions since the beginning of 2021
The company has expanded its Operations, Business Development and Compliance personnel, recruiting over 40 new team members to meet the growing demand
1. BANXA has a exclusive partnership with the Australian Post , which is the post office of Australia , where people can walk in and exchange cash for crypto. THIS IS HUGE !!!!!
2. Banxa is payment method is available on Binance which is the worlds largest crypto exchange. When you compare the options, they are the cheapest way to get crpyto in your wallet. Other companies charge 9%-13% from my experience, with banxa you get 1.99% fee. Which is super cheap. The only cheaper option is to directly buy through Binance, THE PROBLEM IS THAT VISA and MASTERCARD have DENIED ALL BINANCE related PAYMENTS in Canada. Which makes Banxa the solution.
3. A lot of insider buying according to insider reports
4. Allows users to buy crypto with E-transfer and CC. I personally tried the e-transfer option. its awesome.
5. Banxa dominates crypto gateway in Canada and Australia
6. According to Morningstar report through TD brokerage, Banxa has outperformed most Crypto Stocks like Hive and Cryptostars. The Quality of the earnings far outshines others in the industry
7. The stock does not get impacted by volatile swings in bitcoin or Ethereum.
8. They Lobbied Australian Government for Crypto in Australia
9. Partnered Trezor, industry heavy weight.
This is all public knowledge,I have read all reports in details thoroughly and watched all videos regarding the company and the interviews with the CEO
With that being said, as soon as they announce income$, every dollar of volume will likely be a new investor, not a seller.
Seems like a good opportunity for Banxa, no?
Total Transactions Value (TTV) for April 2021 was $110 million which represents a 1,000% increase vs. April 2020
The company has processed over $310 million in transactions since the beginning of 2021
The company has expanded its Operations, Business Development and Compliance personnel, recruiting over 40 new team members to meet the growing demand