In fact, ApeCoin and Pepe Coin are hard to find on other majpr exchanges in Canada, so I was happy to see them listed on Bitbuy. An API allows developers to gather information from Bitbuy’s servers as well as send automated commands to the exchange. No automation software is available for users who do not use the API.

• Offering incentives for reviews or asking for them selectively can bias the TrustScore, which goes against our guidelines.
• The minimum deposit required to fund your Bitbuy account is typically $50 CAD if using Interac e-Transfer.
• We use dedicated people and clever technology to safeguard our platform.
• They continue to pursue innovation on the trading side, as well as quality regulation and a safe trading environment which is of great importance.
• Known for its strong regulatory compliance, robust security, and user-friendly experience, the exchange makes trading digital assets simple and safe.

These fees are actually quite reasonable and are below the rates that are charged by some of the other Canadian exchanges. For example, their Interac e-transfer withdrawal commands a fee that is less than that which is charged by Coinsmart for example. These fees are currently slightly above average but they are made up for the lower fees that you will pay on withdrawals / deposits. In this comprehensive review, we will take a deep-dive on Bitbuy. We will go over their security, platform support, fees and technology.

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There is no charge for membership or account maintenance fees. Trading costs include a spread markup (0.5%–1.85%) for Express trades, 0.5% maker/taker fees for Pro Trade, no deposit fees, and 1.5% withdrawal fees for bank and wire transfers. Staking commission ranges from 25% to 30%, and crypto withdrawal fees vary by asset, so always confirm specifics before moving funds. They provide live order books, fast funding and withdrawals, and well-designed crypto bitbuy review 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. Everything is backed by intuitive wallet management, portfolio tracking, and seamless Canadian dollar funding and withdrawals.

Bitbuy’s Core Offerings

I prefunded my account with $50 CAD by eTransfer, which arrived in less than 5 minutes. The markup was quite low at just 0.16% above BTC’s live market price. Bitbuy asking intrusive questions and requesting screenshots of my own coldwallet withdrawals.

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He has a keen and vested interest in cryptos involving decentralized backend exchanges, payment processing, and power-sharing. The mobile app is available for both iOS and Android devices, offering seamless trading and portfolio management wherever you go. You can buy, sell, stake, and manage over 25 cryptocurrencies, with clear navigation and quick funding in Canadian dollars. Bitbuy is owned and operated by Bitbuy Technologies Inc., a Canadian-based company. In 2022, Bitbuy became part of the WonderFi group, a publicly traded Canadian fintech company. The team comprises experts in digital assets, compliance, technology, and financial services.

Bitbuy is one of the most recommended cryptocurrency exchanges in Canada. That’s why the only fiat currency supported at the moment is CAD. Express Trade platform is a great option for beginners who are looking for an-easy-to use platform as well as clear navigation.

Review of the Top Features on Bitbuy

The former is ideal for transacting relatively small amounts (less than CAD 20,000), while the latter is appropriate for higher amounts. The platform charges a 1.5% commission fee on e-transfers for withdrawing and depositing money into and out of an account. Bitbuy has launched an intuitive mobile app that enables the platform’s users to access all the features available on the web interface through the easy-to-use mobile interface.

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. I paid close attention to how clear and competitive the fees were, how responsive customer support was, and whether account funding and withdrawals happened as smoothly as promised. My experience involved checking Bitbuy’s trading tools and seeing if both beginners and experienced traders would find what they need. Bitbuy was founded in 2016 by Adam Goldman who studied political science and later became a full stack developer. Goldman is the cofounder of InstaBT where users could buy Bitcoin with their debit cards through INTERAC Online. Goldman founded Bitbuy to provide Canadians the most convenient, dependable, and secure way to access digital currencies.

Yes, Bitbuy is a regulated exchange in Canada and complies with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations. My account still pending from June 5What a joke.only reason I bought this crypto crap is for Apollo iptv.never again. This risk is higher with Cryptocurrencies due to markets being decentralized and non-regulated.

• If you have decided that you would like to try Bitbuy then you will need to create an account and complete their registration process.
• Reading through various best crypto exchange reviews online, you’re bound to notice that one of the things that most of these exchanges have in common is that they are very simple to use.
• For those who can remember, 2013 was still a relatively new time in the crypto markets and exchanges to easily buy Bitcoin were few and far between.
• Crypto withdrawal fees vary by asset and are clearly listed before confirming your transaction.
• Bitbuy is one of the most popular crypto exchanges in Canada, so I tested the platform to find out why.

Supported Countries

It merely requires you to carefully plan your deposits such that you are getting the most bang for your buck. So from the above it seems as if the most affordable method for you to fund your account is with a good old wire transfer. You are likely to get them on the exchange in about the same time as a standard Interac funding will take. Stay up to date with our latest exchange reviews, promotions, how-to guides and educational articles on Bitcoin, cryptocurrency & more. After logging into the app, the user must register the device by entering a code sent to the email address linked to the account and then inputting an SMS code. After doing so, you will be shown a screen containing your balance and the list of assets available to buy and sell.

Step 2 – Provide your account details.

First of all, every Bitbuy user has to confirm its identity, meaning that the platform ensures there are no fake accounts and scammers on the platform. That protects users from being impersonated or scammed in the future. E-Transfers are typically processed within a few hours, though in some cases it can take up to one business day for funds to appear. Bitbuy’s history begins in 2013 when it was founded by Adam Goldman in Toronto, originally under the name InstaBT. The company quickly recognized the growing demand among Canadians for a straightforward and secure way to access cryptocurrencies. Bitbuy may offer promotional rewards or referral bonuses from time to time, but there is no permanent or guaranteed welcome bonus for new sign-ups.

If your business has the need to execute larger block trades with lower spreads / commissions then you can always use Bitbuy’s OTC solution. Over-the-Counter block trades allow for a more direct sale / transfer between the two parties. Bitbuy requires all of their users to enable two factor authentication by default.

These allow you to choose the best option based on your experience level and trading needs. The most user-friendly and streamlined trading platform is Express Trade. This is available in your web browser, or on mobile and offers a simple way to quickly buy and sell crypto with few complications. Many cryptocurrency exchanges have a reputation for having less than stellar customer support. Users often have to wait days before they get tickets answered or verifications completed. While this has improved recently, there is still much to be desired.

One significant limitation is the absence of advanced products such as crypto derivatives, margin trading, and cryptos as CFDs, which are increasingly popular in other markets. Finally they gime me 5 days to retired my bitcoin, not by transferring it to my cold wallet no, they force you to buy Canadian $ and then send it back to bank account. It’s like those people are government snitches, every other exchanges even the worst is better than this control freaks company, run away from them. Welcome to one of the best Canadian cryptocurrency trading platforms. Get low fees & top security at Bitbuy.ca when you buy Bitcoin, Ethereum, Litecoin & more. Beginners will love Bitbuy while advanced traders may be frustrated by the limited tools and coin selection.