Satstreet’s private-client desk asks customers to fund an account before securing a trade price and advertises tickets from $50,000 to $100 million-plus. Trading compensation is included in the quoted spread. Its optional custody service, withdrawal verification and restricted Canadian provincial scope are separate parts of the relationship.[1][2][7]
Desk execution and settlement workflow
Sections ↑Private-client trade stages
| Item | Published treatment | Practical scope |
|---|---|---|
| Request | Specify the intended purchase or sale | Desk supplies a quote |
| Funding | Account funded before securing price | An indicative quote is not a locked funded trade |
| Execution | Desk advertises $50 k–$100 m+ trades | Not a guaranteed minimum for every asset or currency |
| Records | Web app shows portfolio and history | Useful for fill and balance reconciliation |
Service choices
| Item | Published treatment | Practical scope |
|---|---|---|
| Quoted spot / OTC | Private-client desk | Spread-based consideration |
| Institutional custody | Separately priced service | Different from merely placing a trade |
| Self-custody / hardware support | Advertised custody alternative | Key-control arrangements differ |
| Bitcoin multisignature | Another advertised custody configuration | Requires the specific service setup |
Quote, transfer and custody charges
Sections ↑Trading and bank withdrawal treatment
| Item | Published treatment | Practical scope |
|---|---|---|
| Trading | Spread included in quote | No separate commission in published fee description |
| Cash withdrawal after trade | EFT/wire described as free | Bank costs may differ |
| Cash withdrawal without trading | Up to 1% | Conditional charge, not a fee on every cash payout |
Illustrative blockchain withdrawal references
| Item | Published treatment | Practical scope |
|---|---|---|
| Bitcoin | Approximately 0.0004 BTC | Dynamic, not a guaranteed flat charge |
| Ethereum | Approximately 0.005 ETH | Dynamic |
| USDC on Ethereum | Approximately 25 USDC | ERC-20 route specifically |
| Final amount | Confirmed in withdrawal verification email | Use that quote for the actual request |
Optional institutional custody pricing
| Item | Published treatment | Practical scope |
|---|---|---|
| Starting annual rate | 50 basis points | 0.50% per year |
| Illustrative C$100,000 balance | C$500 yearly at the starting rate | Not a personalised quotation |
| Scope | Institutional custody service | Not the trading spread or withdrawal fee |
Confirmations and bank-payment controls
Sections ↑Published deposit-confirmation references
| Item | Published treatment | Practical scope |
|---|---|---|
| Bitcoin | 1–2 confirmations | Operational guidance, not fixed elapsed time |
| Ethereum | 70+ confirmations | Network and compliance processing still matter |
| Cash payout | EFT or wire process | Trade completion and bank receipt are distinct |
Withdrawal verification
| Item | Published treatment | Practical scope |
|---|---|---|
| Address whitelisting | Advertised by the desk | Destination must be approved |
| Video verification | Advertised for withdrawal requests | Adds an authorisation step |
| Processing | After request confirmation | Withdraw-anytime wording is not an instant settlement promise |
Custody choices and protection limits
Sections ↑Satstreet markets institutional custody, hardware/self-custody and Bitcoin multisignature solutions. These choices have different key-control and operational implications. The quoted starting custody rate does not establish universal insurance or principal protection for every account; the specific custody agreement is needed for that relationship.[6][4]
Client category and Canadian provincial scope
Sections ↑Public access conditions
| Item | Published treatment | Practical scope |
|---|---|---|
| Individual | Adult resident of Canada | Identity and additional account checks |
| Entity | Valid Canadian entity with authorised adult representative | Corporate onboarding required |
| Website disclaimer | High-net-worth, professional, accredited or sophisticated clients | Ordinary retail excluded in that disclaimer |
| UK / US | Expressly excluded by website disclaimer | Do not infer international access |
CSA-listed provincial scope
| Item | Published treatment | Practical scope |
|---|---|---|
| Ontario / Alberta | Listed | July 6, 2026 decision linked |
| British Columbia / Manitoba | Listed | Same CSA entry |
| Québec / Saskatchewan | Listed | Same CSA entry |
| Other provinces / territories | Not included in the listed scope | Canadian residence alone is insufficient |
Desk and account support
Sections ↑Useful references for Satstreet support
| Item | Published treatment | Practical scope |
|---|---|---|
| Trade | Quote and accepted ticket details | Distinguishes indicative from secured price |
| Withdrawal | Verification email and approved address | Controls authorisation and final fee |
| Funding | Bank reference or blockchain hash | Locates the relevant transfer stage |
Restricted dealer status and future plans
Sections ↑The CSA list includes Satstreet only for the six named provinces. Satstreet’s own risk statement describes Restricted Dealer registration and a future intention to apply for investment-dealer status and CIRO membership. A stated future application is not a present grant or membership. The linked detailed July decision was not retrievable in this review; no additional conditions are inferred from it.[7][4]
Private-client model
Sections ↑The desk is oriented around a negotiated funded ticket and verified withdrawal, rather than public maker/taker matching. That model makes the full quote, custody choice and final transfer confirmation more informative than a single commission percentage.[1][2][6]
- Operator
- Satstreet Inc.
- Exchange model
- Centralised
- Service scope
- Satstreet is a Canadian private-client and institutional dealing service. Its quoted spread, large-ticket workflow, optional custody fee and provincial permission scope differ from a retail order-book exchange.
- Client types
- Professional clients; Institutional clients
- Pricing publication
- Public and quoted pricing
- Other names
- Satstreet OTC; Satstreet Trading Desk
- Headquarters
- Toronto, Canada
- Covered jurisdictions
- Canada
- Pricing scope
- Quote-included spread; conditional no-trade cash withdrawal up to 1%; dynamic blockchain charges; optional institutional custody starts 50 bps annually.
- Funding scope
- Client funding and crypto transfers under a bespoke account relationship, with fee-included trading quotes; outgoing blockchain and no-trade withdrawal charges depend on the request.
- Custody and asset handling
- Client balances and distinct custody/self-custody/multisignature choices are advertised. Custody offered from 50 basis points annually on a separate service; this does not imply exchange-held assets have universally insured protection.
- Client eligibility
- Adult Canadian individuals or valid Canadian entities meeting the professional/private-client criteria; website disclaimer excludes ordinary retail, UK and US. CSA scope is Ontario, Alberta, BC, Manitoba, Québec and Saskatchewan.
- Support
- Satstreet Toronto sales/trading desk and account support via official website/contact and verified account communications; no universal guaranteed response-time established.
- Authorisation and registration scope
- CSA independently inspected list names Satstreet for six provinces and links 6 July 2026 decision. Operator calls itself a Restricted Dealer; intended future CIRO/investment-dealer application is not current membership.
Exchange metadata checked 26 Oct 2026Source 1Source 2Source 3Source 4Source 5Source 6Source 7
Covered contracting entities
Satstreet Inc.
- Jurisdiction
- Canada
- Covered services
- Restricted-dealer crypto-asset account and quoted principal trading, with associated custody services.
- Client and location scope
- High-net-worth, professional, accredited or sophisticated clients meeting Canadian access conditions; excludes ordinary retail.
Sources & further reading
- Private client OTC trading desk terms and dealing size Satstreet · Accessed 26 Oct 2026
- July 2026 trading and withdrawal fee schedule Satstreet · Accessed 26 Oct 2026
- May 2026 services terms and quote execution Satstreet · Accessed 26 Oct 2026
- August 2026 risk statement and Restricted Dealer scope Satstreet · Accessed 26 Oct 2026
- Geographic exclusions and professional-only eligibility Satstreet · Accessed 26 Oct 2026
- Separate custody rates and self-custody options Satstreet · Accessed 26 Oct 2026
- Canadian authorised crypto platforms Canadian Securities Administrators · Accessed 26 Oct 2026
This profile reports dated public information, including exchange-published services and terms. It does not independently test or guarantee trading, custody, pricing or withdrawals. Inclusion is not an endorsement. Permissions and protections apply only to the named legal entity, service and client category; check the current official records and your contract.