The details and bonus amounts can vary, so check the referral section of your account for the latest terms. Bitbuy holds an overall Trustpilot rating of 4.2 out of 5, based on more than 1,200 user reviews. Always double-check your wallet address when withdrawing crypto; transactions are irreversible and incorrect entries may result in permanent loss. This ensures we understand your priorities and can recommend the best crypto exchange for your needs.
Mobile App
Since they are more niche, you may only find specific altcoins on several Canadian crypto exchanges. If you’re interested in altcoins, consider exchanges with a high number of coins listed. Bitbuy has over 25 cryptocurrencies listed and consistently continues to add new coins.
Bitbuy generally receives more “excellent” reviews than “bad” ones on Trustpilot, indicating that most customers are satisfied with the platform. Bitbuy’s Pro platform is visually appealing, featuring an attractive color scheme that you can customize to suit your preferences. The charting tools are robust, allowing you to select from a range of indicators, like moving averages, from a convenient drop-down menu. This makes it a great option for anyone who wants to perform technical analysis. To deposit, head to your account dashboard, hit the “deposit” button, and you’ll be presented with a list of available options. The wallet page is designed with large, colorful buttons, making it easy to deposit funds.
Mobile and Desktop app
On Aug 22 I was informed that the cash transfer to my bank failed and to re-enter my banking info. This was done with transit # and institution id being confirmed by my bank. I was then informed that the institution bitbuy canada review I’d had to be 4 characters..,the Bitbuy app forced a 5 digit code….ive been playing silly bugger over email since then. No response in 3 days …call their tel # and there are no options to talk to a BitBuy employee.
- Bitbuy’s servers are secured across multiple world class cloud providers and disaster recovery locations.
- Additionally, Bitbuy is regulated by the Ontario Securities Commission (OSC), which oversees financial markets in Ontario.
- The Bitbuy app offers a complete and convenient mobile trading experience for users who want to stay connected to their cryptocurrency portfolio wherever they are.
- CAD deposits/withdrawals are available via Interac e-Transfer, Bank Wire, and Crypto.
Ethereum is a close rival, but Bitcoin remains prevalent in the industry. It has lots of name recognition among cryptocurrency beginners and experts. This crypto exchange has the upper hand due to the robust security measures combined with competitive trading fees. Bitbuy also has an easy verification process, allowing new users to start trading quickly. In addition, Bitbuy can handle deposits and withdrawals speedily, allowing you to buy and sell whenever you like. I took the time to put Bitbuy through its paces using my own funds—buying and selling crypto, navigating both desktop and mobile platforms, and directly testing all of its main features.
Company details
This gives you a clear overview of the trading activity happening in real time. When it comes to keeping cryptocurrency safe, offline storage is crucial, and Bitbuy seems to take that seriously. Full transparency with trading and withdrawal fees, as well as many great tools, make Bitbuy an easy recommendation. As for your funds, they’re primarily kept in cold storage, i.e., offline hardware wallets.
Our content production team (text, images, videos, software, Chrome extensions, audio, etc.) works independently. All research on various indicators, oscillators, smart robots, and artificial intelligence is conducted separately from our advertising department. Participating in financial markets involves high risk, which can result in the loss of part or all of your investment. Bitbuy enforces a minimum trade and deposit of CAD 20 for Interac e-Transfers. To access additional analytical tools, check TradingFinder’s list of TradingView indicators. Bitbuy has an excellent reputation for security, largely due to its long-standing presence in the Canadian market.
Deposit Methods
While you won’t find hundreds of cryptocurrencies on Bitbuy, you will find most of the popular ones. Customers can either send an email to the support team or chat with a live representative. Trading fees are a little more through Wealthsimple than they are through Bitbuy, but they’re still pretty competitive.
Is Bitbuy Safe for Trading?
The platform operates as a centralized cryptocurrency exchange, allowing users to buy and sell cryptocurrencies directly. The lower that fee, the more of your withdrawal you get to keep for yourself. Bitbuy offers competitive fees on selling crypto between 0% to 2% depending on trading volume. These are some of the lowest crypto withdrawal fees in Canada, making Bitbuy a preferred choice for cashing out. Bitbuy provides a platform to buy, sell, and hold cryptocurrencies, and it includes wallet functionality for users to store their digital assets. However, it is primarily an exchange service rather than a standalone crypto wallet.
We encourage you to seek financial advice from an independent financial advisor where appropriate and make your own enquiries. This is a fully regulated Canadian crypto exchange, registered with the Ontario Securities Commission and compliant with national laws. The platform enforces strict anti-money laundering measures, offers enhanced identity verification, and implements the Travel Rule for secure transactions. They also have very high standards for legal compliance and operational oversight. Bitbuy provides staking options for select cryptocurrencies, allowing users to earn rewards by locking up assets in the platform’s staking program. Rewards rates and eligible coins are shown in the platform, and staked funds are generally subject to a lock-up or unstaking period as specified per asset.
As an experienced trader looking to save time and optimize your trading strategy, the Bitbuy API is your solution! It allows you to connect your trading tools and program automated transactions in real time across over 10 different markets with a variety of CAD-crypto and crypto-crypto pairs. In summary, Pro Trade is the ideal tool for experienced traders looking for advanced trading features to enhance their trading experience on Bitbuy. Highly rated, it offers a mobile version of the crypto exchange platform experience. There are many registered cryptocurrency exchanges in Ontario that are legal and licensed. These platforms follow all Canadian and Ontario-specific regulations.
- Bitbuy offers a wide range of products with different fee structures.
- Overall, Bitbuy is a better crypto platform for intermediate and advanced crypto investors and traders.
- Bitbuy also has an advanced trading platform, Bitbuy Pro, for more experienced traders.
Bitbuy exclusively serves Canadian customers, accepting only Canadian Citizens or Permanent Residents, and exclusively uses Canadian dollars for funding, withdrawals, and trading pairs. It offers robust customer support, ensuring the process of acquiring top cryptocurrencies is simple, swift, and convenient. Kevin started in the cryptocurrency space in 2016 and began investing in Bitcoin before exclusively trading digital currencies on various brokers, exchanges and trading platforms. He started Hedge With Crypto to publish informative guides about Bitcoin and share his experiences with using a variety of crypto exchanges around the world. They provide live order books, fast funding and withdrawals, and well-designed crypto wallet services. For larger trades or specialized needs, they also offer Private Wealth, OTC, and corporate accounts, with dedicated service for high-volume transactions and business clients.
Try Bitbuy Express Trade » Free Registration
Head to the Bitbuy official website and click on “Get Started” to initiate the account creation process. Note that some listed assets, including1Inch Network (1INCH), Algorand (ALGO), and Arbitrum (ARB), are trade-only. The company has a trade volume of over CAD 7B, a3-year revenue growth rate of 3,378%, and $192M assets under custody. Tom Blake is a personal finance writer with a passion for making money online, cryptocurrency and NFTs, investing, and the gig economy.