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Bitbuy Review: Is Bitbuy the Best Overall Cryptocurrency Exchange?


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  • Beginners will appreciate Bitbuy’s Express Trade platform, while experienced traders can take advantage of the advanced Pro Trade platform.
  • On the registration page, only a few details are initially requested for the free account creation, such as private or business account, username, email, and phone number.
  • With all major cryptocurrencies available on Bitbuy, it truly is a one-stop shop for all Canadian residents looking to take advantage of the crypto rush.
  • In this article, we will provide you with a detailed introduction to Bitbuy, including information about rates, and a breakdown of the Bitbuy pros and cons.
  • Bitbuy offers Canadians the ability to deposit Canadian dollars into their fiat wallets via Interac e-Transfer or bank wire.
  • I’d like to see them introduce a live chat, as most brokerages and online platforms I operate with now have one.

Advanced User Options – Users who want more advanced options can opt for Pro Trade. Check out what is a crypto card and where you can get one in Canada. Express Trade – This is for anyone who’s just starting out or looking to make simple investments. For example, anyone looking to buy a cryptocurrency simply needs to select the crypto they’d like to buy, the amount they want and then confirm their order.

Cryptocurrency Withdrawal Fees

Bitbuy offers email support via You also have access to phone support. In addition, they have a substantial knowledge base. Bitbuy’s customer service reputation is excellent, with a consistently quick response time and knowledgeable staff. More transparency and scrutiny of their operations by regulators.

Moreover, the friend that signs up will also receive $20 ($40 if you do it during the promotional period). Low Variety – Users are restricted to 15 cryptocurrencies . Limited Support – No live-chat support for customers.

Get started as a Bitbuy affiliate and earn up to $200 per referred user! – Bitbuy

Get started as a Bitbuy affiliate and earn up to $200 per referred user!.

Posted: Fri, 22 Jul 2022 00:42:25 GMT [source] crypto to a non-custodial wallet isn’t a necessity, but rather a personal preference. When they wish to trade, they can move the BTC back to their Bitbuy wallet or trade it for another digital asset within the non-custodial wallet. We assume no liability for the completeness or accuracy of the information. It’s the reader’s very own decision what to do with her or his capital. This website does not replace a personal financial advisor, which should always be consulted for investment or trading matters.

Bitbuy review – What exactly is Bitbuy?

Express will set you back a 0.2% fee for every CAD to crypto trade, and each sale will have a 0.2% fee per trade. The exchange is specifically tailored towards Canadian users. Their website won’t even load unless accessed from a Canadian IP address. An independent specialist runs an annual Proof-of-Reserves audit of Bitbuy. The most recent audit showed that Bitbuy surpassed their own 95% cold storage policy for an average of 98.12% in the major coins. If you are an existing customer you can send your friend a Bitbuy referral code.

You must have a minimum Canadian dollar balance of $50 in order to make a withdrawal with Bitbuy. When you sign up through the link below you’ll get $40 free when you deposit $250. Flat buy/sell fee of 0.2%, which is lower than Bitbuy. If for some reason you are not able to use this feature, the company will manually verify your identity, which should not take longer than 24 hours . Simply send the automatically generated referral code you get when you open an account to as many friends as you like to get your bonus.

It displays interactive charts with candlesticks and volumes. You can look at data in specific time frames and through particular indicators. Now that we have looked at the features of Bitbuy, let’s see how it measures up against other popular cryptocurrency exchanges. Hot, warm and cold wallets on the Bitbuy platform are separate from the main network and Bitcoin users can store funds in insured offline wallets. When it comes to depositing or withdrawing cryptocurrency in one’s wallet, Bitbuy does not charge fees.

  • While we can’t discuss the specifics of your account here, I see that you are currently corresponding with our team to resolve this.
  • If you meet the requirements, you can start using the services of the platform.
  • Pro trades occur in the advanced trading platform, and they are cheaper in terms of fees (0.1% maker fee and 0.2% taker fee).
  • The exchange is specifically tailored towards Canadian users.
  • The total for your transactions will have cost you $60.

This feature also connects you to live traders seven days a week for instant quotes as well as your own account manager. Some exchanges like Coinbase have a longer track record of providing secure services than Bitbuy. But otherwise there are no stark differences between security measures of Bitbuy and other platforms. Oleg is a Canadian citizen & crypto expert who has been trading since 2016. He started out with Coinbase, Kraken and Peer-to-Peer exchanges.

How do I withdraw crypto from Bitbuy?

For example, if you’re more interested in trading alternative currencies, you might want to check out Coinsquare. As always, I recommend that you take the time to do the proper research to make the most informed decision. Bitbuy was founded in 2013 with headquarters in Toronto. It is a popular cryptocurrency exchange in Canada where users can easily trade a number of digital currencies. Experienced traders can use advanced services such as over-the-counter trading and brokerage.


If you are considering your options, find out what it has to offer in our detailed review. If you are withdrawing via Bank Wire, a Bitbuy representative will contact you for your banking details after your withdrawal request has been made. In this article, we will provide you with a detailed introduction to Bitbuy, including information about rates, and a breakdown of the Bitbuy pros and cons. Bitbuy has a dedicated crypto wallet where you can store your digital currencies.

bitbuy canada reviewvides an easy-to-understand user interface and a safe way through which to buy cryptocurrencies. It was developed with the intention of allowing buyers easy access to a variety of cryptocurrencies. Bitbuy is a Canadian operated cryptocurrency exchange founded in Toronto.

If you decide to sell that Bitcoin, and it is now worth $20,000, you will pay $40 to sell. The total for your transactions will have cost you $60. Cryptocurrency trading is taking the world by storm, and we don’t expect it to slow down anytime soon. It’s considered by many new investors a strong alternative to buying stocks. As a result, the order’s remainder is filled at a higher market price, which means the trade ends up costing more than anticipated. The Bitbuy “Pro Trade” integrates additional functionality that caters to more experienced crypto investors.

proof of reserves

Bitbuy knows this, and with Bitbuy Private Wealth you can avoid slippage and get truly live quotes on a large amount of crypto’s for a fixed price. Jordon is a blockchain and cryptocurrency content writer and founder of Curated Cube. He works with startups and established tech firms to create content that resonates with diverse audiences. Withdrawing and depositing CAD requires a settlement period that varies depending on the type of transfer. Under this scenario, an investor submits a market order, but only a portion of the order is filled at the price they select.

Bitbuy is one of the most convenient and safest online exchange platforms for Canadians. It is a great option for those who are just starting out in the world of crypto as well as more experienced investors. Now it’s time to put money in your account and start trading. Below you will find a detailed explanation of how to deposit funds from your Bitbuy account.

What coins are available on Bitbuy?

The company partnered with Bitcoin security firm BitGo, which made Bitbuy the world’s first platform to keep the full value of its Bitcoin holdings insured. If you’re looking for more details on this partnership and what exactly is insured, Bitbuy has a great explanation and FAQ here. If you’re looking to move large amounts of cryptocurrency, Bitbuy has you covered with Bitbuy Private Wealth trading. So, if you purchase $10,000 worth of Bitcoin, you’ll pay $20 to purchase.


Enter your phone number and confirm it by entering the SMS code sent to your phone. 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.

Make sure to enter all of the information including the security question and answer. To make a deposit, go to your account dashboard and hit the “deposit” button. Bitbuy does, however, offer corporate accounts for businesses with dedicated account managers. I withdrew almost $100 worth of Bitcoin to a hardware crypto wallet. The Bitcoin appeared in my wallet within five minutes.

BitBuy Review 2023: Is It Legit & Safe? Honest Analysis – CryptoManiaks

BitBuy Review 2023: Is It Legit & Safe? Honest Analysis.

Posted: Sat, 16 May 2020 17:50:26 GMT [source]

If your account does not get verified automatically, you’ll be taken to another page where you must upload documents to have your account verified manually. It goes against our guidelines to offer incentives for reviews. We also ensure all reviews are published without moderation. We use dedicated people and clever technology to safeguard our platform.




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