While we would love to support clients from outside of Canada, it is not something we can currently facilitate due to regulatory blocks. I see that we are working with you in order to send your balance back. We may receive compensation when you click on links to products we review. Our Bitbuy review was relatively straight forward and it seems as if this exchange “does what it says on the tin”. It is a simple and effective way for you to convert your CAD into crypto. If you have been using Bitbuy and you found the experience great then you can easily refer your friends and acquaintances and earn a referral commission.

Withdraw and transfer of funds

They offer a simple and effective way for Canadian users to buy and sell cryptocurrencies with their CAD. In the parlance of the cryptocurrency community, Bitbuy is a “fiat gateway” for access to a few of the most popular coins. The company is fully transparent with its holdings and regularly updates its ‘proof of reserves’ report with the number of funds held in cold storage. The Bitbuy mobile app is suitable for performing quick trades while on the go, but its lack of charting tools and trading pairs hinders its performance significantly. As such, users wishing to access technical indicators must use another crypto charting platform, like TradingView, or an all-in-one app like ByBit.

Bitbuy primarily earns revenue through trading fees charged on buy and sell orders, both for its Express Trade and Pro Trade interfaces. It may also collect withdrawal fees and nominal spreads on certain transactions. The platform is transparent about its fee schedule and displays all charges before order confirmation. Bitbuy offers robust API trading, giving me and other advanced users the ability to automate trading strategies and integrate external tools or bots. The documentation is detailed and access is straightforward for developers, although the range of order types and advanced algorithms is more basic than on leading global platforms. Still, for Canadian accounts seeking secure and compliant automated trading, Bitbuy’s API provides all key essentials.

How we rate our crypto exchanges and platforms

This fee structure varies depending on how you trade with the exchange. If you are bitbuy review using their Express Trade function then a flat fee of 0.2% on buying and selling applies to all cryptocurrencies. Bitbuy says that they operate a policy of 95% cold storage of coins. This is the standard among cryptocurrency exchanges and protects the bulk of user’s assets from hackers. One of the most important requirements for regular cryptocurrency users is the fees that are charged by the exchange. These include fees that are charged when sending / withdrawing currency as well as the fees that one could be charged for merely buying and selling.

Bitbuy is great for Canadians seeking simplicity and strong local compliance, whereas Coinbase offers broader coin support and advanced features. The app includes Express Trade for simple orders and Pro Trade for advanced charting and order types, plus features like dark mode and biometric log in for added convenience. Both Lite and advanced options are integrated for user flexibility. You may also place a limit order, meaning that the transfer will execute only when the price falls to your specified number. Alternatively, you can execute traded using the Best Ask or Best Bid options. My only complaint is that the fee is disclosed in units of BTC, which is annoying if you’re not familiar the CAD conversion.

What a horrible experience

They have promised AAVE and LINK are coming soon, so it does look like the number of choices is improving. For those who are not familiar with the concept of cold storage, it is the practice of taking a wallet off line and storing it in an air-gapped environment. It really just means that the exchange is making sure that the private keys of their wallets are inaccessible from digital threats.

This is a great company to work with…

They have a phone line and quick email support, even on weekends. People think it’s the best Canadian exchange, and customers are generally happy with their service. Bitbuy’s customer support is friendly and dedicated to helping customers. The exchange’s core mission is to offer its fellow Canadians an easy, reliable, and safe avenue to Bitcoin and other cryptocurrencies, effectively demystifying the crypto trading process. As we embark on this review, we’ll delve into the features and offerings that have made Bitbuy a trusted choice for over 250,000 Canadian investors. Bitbuy fees are competitive in line with the rest of the industry with an easy-to-understand structure in place across the board for traders.

As with most currency platforms the user has to make informed decisions as to what trades to make in order to stay profitable. Bitbuy offers two ways to deposit Canadian dollars; bank wire transfer and Interac e-Transfer. While withdrawals will incur a 1.5% fee, no depositing costs exist. BitBuy is a Canadian crypto exchange that lets users buy and sell digital currencies using CAD.

• Bitbuy is known for serving the Canadian market, while Coinbase is a widely recognized platform with a global user base.
• We will also gather the opinions of the Canadian crypto community on their experience with Bitbuy.
• The exchange is committed to security protocols, has intuitive interfaces designed for ease of use, has a competitive pricing structure, and emphasizes exceptional customer service.
• You can look at data in specific time frames and through particular indicators.
• Once you register, you need to email the OTC desk for a Bitbuy account manager to get in touch with you.

Bitbuy supports staking for four assets; Ethereum, Solana, Polygon, and Polkadot. As we have demonstrated above, the signup process is also simple and straightforward, making it easy to onboard new users. All of these points combined make Bitbuy a solid option for Canadian-based crypto investors looking for a reputable platform to fulfill their investment needs.

For the more advanced traders out there, you will probably want to trade on Bitbuy’s more advanced trading platform. This is more like your typical exchange with customer order books matched with an exchange “matching engine”. So, unless you send Bitbuy some form of identity and proof of address you cannot use them. However, 90% of cryptocurrency exchanges these days have this requirement so it is not so much of a surprise. For any less common questions, Bitbuy has an email-based direct customer support line, allowing users to create a ticket to receive assistance via email. Unfortunately, there is no live chat or phone support team, but you can speak to an automated chatbot to get sent in the right direction.

Known for its strong regulatory compliance, robust security, and user-friendly experience, the exchange makes trading digital assets simple and safe. They provide crypto tools you need to buy, sell, and manage your crypto within a secure, Canadian-regulated environment. Bitbuy offers an intuitive and responsive mobile application for users to buy and sell crypto markets anytime and anywhere. The Bitbuy app currently has an average rating of 4.6/5 based on over 6,500 reviews and is available for download on IOS/Android devices. However, the user must set their app store region to Canada to be able to download and access the app. Bitbuy is a cryptocurrency exchange that offers a full suite of digital currency services to individuals, businesses, and institutional investors via an OTC desk.

• Bitbuy fees are competitive in line with the rest of the industry with an easy-to-understand structure in place across the board for traders.
• Bitbuy is great for Canadians seeking simplicity and strong local compliance, whereas Coinbase offers broader coin support and advanced features.
• The content published on this website is not aimed to give any kind of financial, investment, trading, or any other form of advice.
• Hedge With Crypto aims to publish information that is factual, accurate, and up-to-date.
• The exchange was established in 2016 and has grown to become a popular and trusted marketplace for Canadian crypto-traders with now more than 350,000 users.

All things considered, it’s for you to decide whether Bitbuy crypto exchange is exactly what you’re looking for. However, if you live in Canada, you should definitely check this platform out. Once again, people who are interested in buying the most mainstream coins should find Bitbuy more than enough. However, if you’re looking for a platform that gives you more possibilities, then there are other options that you should take into account.

However, this issue only appears when depositing fiat money. Yes, Bitbuy is one of the most secure and reliable cryptocurrency exchanges in Canada. Bitbuy is a Canadian cryptocurrency exchange platform that was founded by Adam Goldman in Toronto, Canada, back in 2013. The platform is suitable for Canadian citizens only and is considered to be one of the most popular and leading crypto exchange platforms in the country.

While the Express Trade platform lacks analytical tools, its simplicity makes it excellent for new investors making their first foray into the crypto space. So although Bitbuy seems to be working to develop its staking service, as it stands, there are better options for Canadian investors. Below that provide your phone number and create a unique username and password. Only a North American number starting with the country code +1 can be used to sign up for the service.

Therefore, Bitbuy could be a good option for Canadian investors who want to stake their holdings but lack access to any dedicated platforms to do so. Bitbuy Pro Trade is an advanced trading platform offering features comparable to Binance. The platform is highly regulated by FINTRAC and the Ontario Securities Commission (OSC). Users can also enable multi-factor 2FA authentication to help secure their accounts. Bitbuy offers a slew of products and features that are desirable to all kinds of crypto traders, from beginners to advanced users.