With Bitbuy’s Pro Trade, you can access advanced charts by TradingView to get a detailed view of market movements. New Bitbuy users earn a bonus of $5 when they sign up using a referral link and make a first deposit of at least $250. There are different types of cryptocurrencies you can trade on Bitbuy.
That said, it would be nice if Bitbuy included a simple price chart so you can better time your trades. The fee structure on Bitbuy is trading volume-based, meaning frequent traders can earn significant discounts when using the platform. Trade costs start at 2% for taker and maker fees, up from the 1.5% Bitbuy charged previously. However, with a high enough trading volume, users can reduce trading fees on Bitbuy to 0% (maker) and 0.1% (taker). Unfortunately, credit/debit card payments are unsupported, although crypto can be deposited to Bitbuy.
Express Crypto Trading
There are several products and services available on the Bitbuy platform. Obviously, it has since rebranded as Bitbuy and has expanded its operations to include buying, selling, and trading a variety of cryptocurrencies. There are plenty of cryptocurrency exchanges to choose from no matter where in the world you live. We compared Bitbuy side-by-side against some other Canadian and global crypto exchanges. Bitbuy offers top-of-the-line security, with advanced 2FA and a 95% cold storage security policy. The most recent audit revealed that Bitbuy surpassed its cold storage policy by attaining an average of 98.12%.
Bitbuy is a Canadian cryptocurrency exchange founded by Adam Goldman on June 1, 2016. You can actually use Express and Pro Trading through the mobile app. We’re proud of our content and guidance, and the information we provide is objective, independent, and free. Quality customer service is essential when trading cryptocurrencies to assist you with any issues. Bitbuy makes investing in cryptocurrency easy and convenient, even if you’re new to the market. In this section, we’ll guide you through creating a Bitbuy account and purchasing cryptocurrency.
To apply for it, you need to send a request for API and, once approved, you’ll be able to set up CAD-to-crypto and crypto-to-crypto pairings and fully automate your trading routine. Of course, you’ll have to load up your account first, as with all other services we’ll discuss later in our review. It’s worth mentioning that you can only trade a limited selection of cryptos this way, but it’s still a great starting point and works like a charm. You simply select whether you’re buying or selling, choose the cryptocurrency you’re interested in trading with from the drop-down menu, and enter the amount. Depending on your trading experience and whether you’re looking for a quick trade or deeper research, you can choose either the Express or Pro trade route. These revenue streams allow us to remain financially independent of advertisers, enabling us to provide all services with maximum transparency.
Bitbuy Review 2025: Secure Crypto Trading for Canadians
It is exclusively for Canadian residents and requires account verification with Canadian documentation. Choose your preferred fiat base currency (CAD or USD) during setup and enable 2FA for enhanced account security. His writing has been featured in popular Canadian media sources such as Toronto Sun and Ottawa Citizen. Once you’ve selected your trading pair, you can choose whether you want a limit order or a market order. These scores are updated daily and you can view the scores for all of Bitbuy’s cryptocurrencies here.
Shiba Inu (SHIB) Wallet
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.
- On Aug 22 I was informed that the cash transfer to my bank failed and to re-enter my banking info.
- In summary, Bitbuy is Canada’s regulated and reliable cryptocurrency exchange platform.
- Bitbuy provides staking options for select cryptocurrencies, allowing users to earn rewards by locking up assets in the platform’s staking program.
- As a Canadian cryptocurrency exchange founded in 2016, Bitbuy is tailored specifically for Canadians, offering both a beginner-friendly platform and advanced tools for experienced investors.
Cryptocurrency Trading
- Head to the Bitbuy official website and click on “Get Started” to initiate the account creation process.
- While the selection covers the most commonly traded assets, Bitbuy’s crypto listing remains limited compared to global platforms.
- It provides cryptocurrency trading services to beginners, advanced traders, and businesses, making it the go-to crypto destination for investors.
- Initially, the platform was called Instabit, offering crypto enthusiasts a quick and easy way to purchase Bitcoin.
- Hedge With Crypto aims to publish information that is factual, accurate, and up-to-date.
Yes, you can send Bitcoin from your Bitbuy account to another wallet. The platform enables transfers of cryptocurrency to external wallets. Bitbuy is a legitimate cryptocurrency exchange that operates in bitbuy canada review compliance with relevant Canadian laws and regulations.
What is the minimum deposit to start trading on Bitbuy?
While it employs strong security measures, user reviews suggest potential account access and withdrawal issues. Let’s compare Bitbuy’s features and services with popular crypto exchanges. But we do have to make money to pay our team and keep this website running!
This provides more in-depth trading data and you can also add different indicators if you’re doing technical analysis. Bitbuy also offers an automatic deposit feature, which allows you to set up a regular deposit according to a schedule of your choice. This ensures you always have funds available to invest in cryptocurrencies. Ultimately, Bitbuy’s regulation and compliance demonstrate its commitment to providing users with a secure and transparent trading experience.
What are Bitbuy’s trading fees?
Frustrating beyond belief that they can hide behind email and draw out simple, straight forward transactions. My guidance would be select another crypto exchange ..these guys are proving they are very willing to take your money but will make it extremely difficult to withdraw. Steer clear of any company that will take your money but not your phone call. All trades must be fully funded in advance, requiring users to deposit sufficient funds into their accounts before executing any transactions on the platform.
You can buy, sell, stake, and manage over 25 cryptocurrencies, with clear navigation and quick funding in Canadian dollars. Customers can reach Bitbuy’s support team via email and through a web-based help center, with support available during Canadian business hours. The platform also provides detailed FAQs and knowledge base resources for fast self-service solutions. ➡️ Beginners who want a regulated, simple platform to safely buy, sell, and store crypto, as Bitbuy’s intuitive design, clear fee structure, and comprehensive Canadian support make onboarding easy. Bitbuy allows Canadians to deposit Canadian dollars into their fiat wallets via Interac e-Transfer or bank wire, both of which have no deposit fees.
Centralized exchanges provide greater levels of comfort by facilitating the transaction through an established, centralized platform. Bitbuy’s fees are amongst the cheapest in Canada for high volume traders due to its tiered trading fee structure. Your fee tier is based on your total trading volume over last 90 day period calculated at the end of the month, and will apply to the current month.
However, the platform has tools and features that make it stand above the rest, as well. Staking through the platform earns each user up to 5.71% and there’s also a handy calculator app to help you approximate your potential earnings. Furthermore, one of the newest features that Bitbuy introduced is staking, so we’ll take a look at all three tools in this section and explain how each of them works.
