Bitbuy Reviews Read Customer Service Reviews of bitbuy ca


Below you will find a detailed explanation of how to deposit funds from your Bitbuy account. Quick and easy access to Bitcoin and many other popular cryptocurrencies. This page may contain links to our partners’ products and services, which allows us to keep our website sustainable. This means that may receive a compensation when you sign up and / or purchase a product or a service using our links. However, all opinions expressed in this article are solely ours, and this content is in no way provided or influenced by any of our partners. If you are new to the crypto world, we’d recommend checking these best crypto exchanges in Canada.

Once you have entered the correct code, you will have passed security and will be able to make trades. Bitbuy is only available to Canadians, and only offers trades between supported cryptocurrencies and CAD. Very popular Canada-based platform that specializes in allowing users to buy, sell and store cryptocurrencies through any smartphone or computer. Assets are insured and held in cold storage, which gives investors an added peace of mind. The full value of digital assets in Bitbuy’s cold storage are insured with BitGo Trust Company, the world’s first qualified custodian, purpose-built for storing digital assets.

How To Use BitBuy

This verification process, primarily done through the exchange of documents proving your identity, is one of the main ways the company prevents things like crypto related fraud. However, cryptocurrency brokerages are different, and many investors are worried that their money may be at risk. Fortunately, Bitbuy’s security is some of the best in the country. And, another added bonus is the fees are really simple. Within a couple seconds of hitting their fee page, I knew what I was going to pay to trade cryptocurrency.

held in cold

Speak with a trusted specialist today and see how we can help you achieve your financial goals faster. Loans Canada and its partners will never ask you for an upfront fee, deposit or insurance payments on a loan. Loans Canada is not a mortgage broker and does not arrange mortgage loans or any other type of financial service. Affordable – Bitbuy has affordable and more transparent fees compared to many other cryptocurrency platforms. Bitbuy has decent reviews from clients, as well as a simple mobile app for iOS or Android devices, which is great for beginners and advanced traders who wish to monitor coin prices on the go.

For volume under $250k, the maker/taker fees are 1.50%, which is quite high in comparison to other exchanges. But they charge high fees for depositing and withdrawing fiat money. For example, there is a 1.5% deposit fee for Interac transfers and 0.5% for wire transfers, while Newton and Shakepay charge no fees. Bitbuy stands on the expensive side in terms of deposit fees. When it comes to depositing or withdrawing cryptocurrency in one’s wallet, Bitbuy does not charge fees. Also, Bitbuy charges fees for depositing and withdrawing Canadian dollars.

Our team сonstantly checks news & changes in the crypto world for Canadians. To make a purchase, click BTC-CAD in the top-left and then you will see a drop-down with a search bar. You can also view all of the trading pairs available. Bitbuy’s Pro Trade is more complicated and suitable for experienced users who would like to see live charting, price movements, order books, and advanced order types. The wallet page has large, colourful buttons which makes it easy to deposit funds. Bear in mind, the only fiat currency you can deposit is the Canadian dollar.

Loans Canada may receive compensation from the offers shown on its website. Once your funds are added, you’re free to choose your preferred cryptocurrency and start trading. If you’re serious about trading cryptocurrency, you’ll want to have a Bitbuy account to do so. With Bitbuy’s Express Trade feature, beginners who simply want exposure to cryptocurrency in seconds can do so. If that’s you, with Express Trade, all you have to do is enter the amount of CAD you want to invest in a certain cryptocurrency and click “Buy”.

Who Is Bitbuy?

The platform is much cheaper than Coinbase and it supports Interac e-Transfers, making it extremely easy for Canadians to deposit funds. Netcoins for instance supports USD deposits, while Coinsmart allows you to trade in EUR, USD and CAD. Now it’s time to put money in your account and start trading.

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Posted: Mon, 03 Apr 2023 07:00:00 GMT [source] is only suitable for Canadian residents, but Canadians are able to access the trading platform outside of Canada. Storage or technical access is necessary to create user profiles in order to send advertisements, or to track the user across a website or multiple websites for similar marketing purposes. Technical storage or access that is used exclusively for anonymous statistical purposes.

All write-ups and articles do not constitute financial and legal advice in any way whatsoever but for information purposes only. When making financial and legal decisions and commitments, we strongly recommend you consult your professional financial and legal services provider. There are several other Canadian crypto exchanges to choose from and I recommend CoinSmart as a good alternative to Bitbuy.

For a set fee, traders can avoid slippage and get live quotes on large crypto amounts. An active dividend and growth investor, Dan has been involved with the website since its inception. He has become an authority figure in the Canadian finance niche, primarily due to his attention to detail and overall dedication to achieving the highest returns on his investments. So, if you’ve read this Bitbuy review and finally decide you want to open up an account and get started trading cryptocurrencies, fortunately the process is extremely easy.

Tradable assets

Reasonable prices when it comes to maker and taker fees, especially on Bitbuy Pro. If you are considering your options, find out what it has to offer in our detailed review. As a marketplace and crypto broker of crypto assets in Canada as of December 1, 2021.

  • You can look at data in specific time frames and through particular indicators.
  • Proving your identity documents including proof of address is a requirement by FINTRAC.
  • You have to go to the Pro Trade page, click on List and choose a crypto-crypto or crypto-Canadian dollar pairing.
  • Bitbuy was founded in 2013 with headquarters in Toronto.
  • BitBuy offers some of the lowest fees in the cryptocurrency exchange market.
  • Despite operating as a centralized cryptocurrency exchange, Bitbuy leverages advanced technology to secure user funds.

Passionate about personal finance and financial technology, Arthur Dubois is a writer and SEO specialist at Hardbacon. Since his arrival in Canada, he’s built his credit score from nothing. Use the HARDBACON promo code to get $20 when you open a free KOHO account and make a purchase. Fees for withdrawal are 1% to 1.5% depending on method of withdrawal.

Hi Ryan, I’m truly sorry to hear about your situation. Please be advised that Bitbuy does not work with the third party you have mentioned. Bitbuy is a registered Money Service Business with FINTRAC, and we take these matters very seriously. We advise you to reach out to our support team and your local authorities as soon as possible. Easy to use, reliable and transparent to its fees, no hidden charges.


This means that all your orders are fulfilled by Bitbuy instead of being outsourced to third parties. Pro traders will need to pay a 0.10% maker and 0.20% taker fee. Bitbuy has a verification procedure to ensure the safety and protection of the platform and its clients. If you meet the requirements, you can start using the services of the platform. All the features of the desktop version, including access to the Pro Trade and Express Trade.

Visit the Canadian Securities Administrators’ website for a list of crypto asset trading platform decisions in other jurisdictions. Bitbuy only accepts deposits in CAD and the supported cryptocurrencies. Users can’t deposit other fiat currencies like USD or EUR. Withdrawing and depositing digital currency is near-instant depending on each blockchain’s capacity at the time of the request. The Bitbuy API is a tool that third-party platforms can use to access market data.

Bitbuy is registered with the Financial Transactions and Reports Analysis Center of Canada as an MSB. All in all, Bitbuy is a great option for any investor who is looking for a reliable Canadian platform. Use a debit card to fund your account, for which you would need to pay a fee of up to 6%. Flat buy/sell fee of 0.2%, which is lower than Bitbuy.

It is a great option for those who are just starting out in the world of crypto as well as more experienced investors. Buy are similar in many ways—both provide access to the most popular cryptocurrencies in the world and they both have a flat 0.5% trading fee. On the other hand, Bitbuy is more transparent about fees and their cold storage policy. NDAX, for instance, does not specify how much of their assets are held in cold storage. Highest security and encryption protocols to protect your data and funds, including 2FA, identity verification and daily encrypted backups. The platform also monitors your transaction data for suspicious activity.

  • Bitbuy is a Canadian operated cryptocurrency exchange founded in Toronto.
  • The more liquid a crypto exchange is, the less likely there will be unexpectedly high transaction costs.
  • When you sign up, you will be asked to provide a telephone number for two-factor authentication, so the Bitbuy sign-in process can be as safe as possible.
  • Bitbuy’s fees used to be some of the cheapest of any crypto exchange at 0.2%.
  • An active dividend and growth investor, Dan has been involved with the website since its inception.
  • This verification process, primarily done through the exchange of documents proving your identity, is one of the main ways the company prevents things like crypto related fraud.

bitbuy canada review is easy to use for beginners, but there are also valuable features like Pro Trade for seasoned traders. With a variety of pairings and a solid local presence, Bitbuy can be your go-to crypto exchange. You can access your Bitbuy account from the website or your phone through the app. You can reach out for your problems via email or a support card. The Pro Trade platform offers tools for technical analysis, meant for traders who buy and sell regularly.