Bitbuy Review: Is Bitbuy the Best Overall Cryptocurrency Exchange?

Is a Canadian cryptocurrency exchange that was founded in 2016. Specifically for Canadians, Bitbuy has both a beginner-friendly platform and a more advanced platform for experienced crypto investors. I signed up to Bitbuy and reviewed it to see if it’s worth using in 2023. I use 4 other wallets to get the smaller/higher Risk tokens and coins. When I want to withdraw my funds I do it through bitbuy. I can assure you that Bitbuy is a regulated entity and will not hold withdrawals without a proper reason.

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. You and your friends with $20 every time the friend you refer deposits at least $250. More advanced options, such as TradingView charts, order status and history, as well as sophisticated market orders, including stop and limit orders. For the full list of crypto assets available on Bitbuy, click here. Step 5 -You will then need to verify your email ID and phone number and enter some personal information.

On the one hand, trades cost a small percentage fee per executed order. Bitbuy applies the maker-taker model here, as is standard in the industry. Makers pay 0.1% on their trade while takers have to pay double, i.e. 0.2% of their trading volume. The regulated trading exchange allows the purchase of cryptocurrencies via Interac and bank transfer for Canadian citizens.

Impressed with quick response from Support

Welcome to one of the best https://broker-review.org/ cryptocurrency trading platforms. Get low fees & top security at Bitbuy.ca when you buy Bitcoin, Ethereum, Litecoin & more. As usual with trading platforms, there are different types of fees.

Step 2 – You will need to enter your phone number, email ID, password and referral code if you have been referred. New users can register and complete verification within a few minutes. On the Express Trade platform, you will be charged 0.5% fees for every transaction.

Bitcoinstorewallet

At OCryptoCanada, we like to give people knowledge to become aware and catch up in the cryptocurrency industry. Cryptocurrency will be one of the main medium exchanges in the future. Our team сonstantly checks news & changes in the crypto world for Canadians. NDAX is also a good option which offers crypto staking for five cryptocurrencies. Those who are happy praise the customer support and the ease of use. Bitbuy has slightly more “excellent” reviews on Trustpilot than “bad” reviews, so most customers are happy with Bitbuy.

Canadian companies looking to add Bitcoin to their corporate treasury. In-demand crypto assets, including Bitcoin, Dogecoin and Ethereum, as well as less-popular cryptos such as Cardano and Solana. Also praise this feature-packed platform for its ease of use and advanced security features. That make this platform a great option for both beginners and advanced investors.

If you are an existing customer you can send your friend a Bitbuy referral code. Every time a friend signs up you’ll both get $20 after they deposit $250 into their account. Just go to your account to get your unique referral code.

Yes, Bitbuy offers Over-The-Counter trading for large crypto trades. You’ll get a personal account manager and a personal trading fee quote for your order. The minimum investment for use of the OTC Desk is $25,000.

The initial sign up requires only a few things from you, like a username, a password, and a North American phone number (+1). Yes, Bitbuy is to this day only available to Canadian residents. Bitbuy has an extremely in-depth FAQ support center, to the point where you’ll rarely need to contact customer service anyways. The company also allows you to store your bitcoin holdings in an offline vault, protected by value matched insurance. The company routinely conducts financial audits using trusted third parties, and suspicious activities are tracked on a weekly and daily basis. However, cryptocurrency brokerages are different, and many investors are worried that their money may be at risk.

I’ve been using bitbuy since 2013…

Your money is not safe, you have no privacy, no good customer service, no good resolution, just plain utter disappointment and violation of your rights. Have you ever heard of crypto exchange closing someone’s account because you didn’t respond to an email? Please try again, or contact support if the problem persist.” No response yet from the support. Extremely fast, typically you can get cash from fiat to your favourite crypto exchange within 30 minutes to an hour. Through OTC orders, investors get the current trading price and avoid the slippage that would otherwise occur. – This is the price jump that larger orders otherwise generate when they are traded through the order book.

Oleg is a bitbuy canada review citizen & crypto expert who has been trading since 2016. He started out with Coinbase, Kraken and Peer-to-Peer exchanges. After some time, centralized exchanges started charging crazy fees to their users. The downsides are its new, higher trading fees and the lengthy verification process. While crypto regulation and compliance can be a good thing, it seems rather intrusive to have to provide details about your financial status, employment and investing objectives. CoinSmart is another reputable exchange with low fees, free deposits and some of the most popular cryptocurrencies.

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Bitbuy has a verification procedure to ensure the safety and protection of the platform and its clients. 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.

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. It’s also explicitly mentioned at the time of the trade, no hidden fees there, you’ll know exactly what you pay. According to their website, Bitbuy has served 350,000+ Canadians with over $4 billion traded. For as little as $50, you can sign up and start your account instantly. One of the benefits you can access from Bitbuy is its range of available cryptocurrencies.

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 deposited $100 via Interac e-transfer to Bitbuy and it took just seven minutes for it to arrive in my account, which is the fastest I’ve seen. The verification process can take up to two days to complete, but for us it took just one hour to get my documents verified. Enter your name, date of birth and occupation, then hit next.

Proving your identity documents including proof of address is a requirement by FINTRAC. Please know that Bitbuy is a regulated entity and will not hold withdrawals without a proper reason. While we can’t discuss the specifics of your account here, I see that you are currently corresponding with our team to resolve this. Especially when compared to other popular crypto apps Bitbuy has WAY lower fees for Canadians.

• If you are considering your options, find out what it has to offer in our detailed review.
• – This is the price jump that larger orders otherwise generate when they are traded through the order book.
• There are a few features that make Bitbuy stand out, such as the insurance, Bitbuy express, Pro, and customer support level.
• Flat buy/sell fee of 0.2%, which is lower than Bitbuy.
• In addition, in the latest Proof of Reserves Audit that was released on July 2021, BitBuy surpassed their cold storage policy for an average of 98.12%.

Not all of them are available to Canadian customers, but some key ones are. It’s quite impressive to watch this company grow, and is one of the number one crypto trading platforms we recommend to Stocktrades Premium members. Their trading fees on all markets are 0.20% flat rate while other Bitbuy products on all markets have a 0.10% maker fee and 0.20% taker fee. Choices for Canadian crypto exchanges remain somewhat limited. If you’re looking for one that accepts CAD transfers from your Canadian bank account, Interac or FIAT withdrawals, you don’t have a lot to work with. Bitbuy is suitable for both beginners and experienced traders.