Please know that as a heavily regulated MSB with FINTRAC, we’re required to ask for information on the transactions we facilitate on your behalf. This is a requirement we must follow in order to maintain our platform. We’re still working to get back to everyone, and appreciate any extra patience you can spare for us.

Bitbuy offers fiat support, meaning that you’ll be able to purchase cryptocurrencies without much trouble. However, since the platform is created specifically for Canadians, it supports Canadian dollars only. Based on a variety of Bitbuy reviews, this shouldn’t cause any issues. Evan Jones was introduced to cryptocurrency by fellow CryptoVantage contributor Keegan Francis in 2017 and was immediately intrigued by the use cases of many Ethereum-based cryptos. He has a keen and vested interest in cryptos involving decentralized backend exchanges, payment processing, and power-sharing.

• Hi Stephanie, thank you for taking the time to leave this feedback!
• Many cryptocurrency exchanges have a reputation for having less than stellar customer support.
• These are helpful as they give you an overview of the bullish / bearish sentiment in the market.
• Hence, they require all of their users to complete their mandatory verifications and KYC checks before they are allowed to buy coins.
• In this comprehensive review, we will take a deep-dive on Bitbuy.

Staking

Additionally, Express Trade’s fees are 2% per transaction, which makes it an expensive way of cashing out your crypto for CAD. In recent years, a trend called crypto staking, which enables users to earn passive rewards by locking their crypto holdings for a period of time, has become very popular. Bitbuy supports staking for four assets; Ethereum, Solana, Polygon, and Polkadot. The order book and market depth chart mean technical traders can easily compare the available liquidity at particular price points, helping people to implement tailored strategies.

Corporate accounts

Partnership with BitGo allows Bitbuy users to store their bitcoin holdings in an offline vault. Also, the insurance covers up to the full price of your assets. What is more, when it comes to usability, Bitbuy makes it even easier by providing you with automated sign-up and onboarding processes.

wow……bitbuy is egregious with fees…

They offer a simple and effective way for Canadian users to buy and sell cryptocurrencies with their CAD. In the parlance of the cryptocurrency community, Bitbuy is a “fiat gateway” for access to a few of the most popular coins. When it comes to digital cryptocurrency deposit and withdrawal fees, they’re completely free. As you can see in the table below, the only difference is processing. Moreover, you’ll be able to fund, buy, sell and withdraw cryptocurrencies very fast and securely.

Withdrawals will also be automated once a customer has fulfilled certain requirements dictated by Bitbuy security staff. Hedge With Crypto aims to publish information that is factual, accurate, and up-to-date. The information about a specific cryptocurrency exchange or trading platform in reviews and guides may differ from the actual provider’s website. The company is fully transparent with its holdings and regularly updates its ‘proof of reserves’ report with the number of funds held in cold storage.

Canada’s secure and trusted platform

And I’m going to have to go to the police shortly and report a crime. Hi Indra, I’m very sorry to hear that this has happened to you. Please be advised that we are not affiliated with the company ‘Voltrax’ in any way.

• Additionally, traders can save on trading fees as the Pro trade feature is much cheaper than the Express trade.
• While centralized exchanges can be considered safer, there’s an increasing number of decentralized platforms that are coming into the market.
• For a limit order, you’ll need to enter your preferred price.
• The platform is highly regulated by FINTRAC and the Ontario Securities Commission (OSC).

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. Extremely poor support , No bonus, No rewards , they charge high fees for both deposit and withdrawal which are both free in other platforms …recently they charge 5% of any trade ..

The Bitbuy mobile app is suitable for performing quick trades while on the go, but its lack of charting tools and trading pairs hinders its performance significantly. As such, users wishing to access technical indicators must use another crypto charting platform, like TradingView, or an all-in-one app like ByBit. Unfortunately, credit/debit card payments are unsupported, although crypto can be deposited to Bitbuy. Therefore, Bitbuy could be a good option for Canadian investors who want to stake their holdings but lack access to any dedicated platforms to do so. One of the most important requirements for regular cryptocurrency users is the fees that are charged by the exchange. These include fees that are charged when sending / withdrawing currency as well as the fees that one could be charged for merely buying and selling.

Specifically, we will consider what the platform offers its users, how much it costs to use it, its approach to security, and customer support. In addition, a detailed step-by-step tutorial on how to sign up for the service is provided. Bitbuy has introduced staking options for select cryptocurrencies, allowing users to earn rewards. bitbuy canada review The platform continues to focus on security, with 90% of assets stored in cold storage.

Scroll further down to accept the terms of using Bitbuy’s partner ID verification provider Trulioo. In the final verification screen, declare your exposure to political activities by marking either of the provided radio buttons. While we cover a range of products, our comparison may not include every product or provider in the market.

Enter your name, date of birth and occupation, then hit next. 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. Signing up to Bitbuy is quite a long process due to their compliance process.

Apart from Bitcoin, Bitbuy’s supported cryptocurrencies include Bitcoin Cash, Ethereum, Ripple, Litecoin, Stellar Lumens and EOS. However, since Bitbuy is strongly improving, more cryptocurrencies will be added in no time. This provider is a great choice for Canadians who want a straightforward, trustworthy crypto platform with competitive fees and excellent regulatory compliance.

Bitbuy crypto exchange has quite a lot to offer, so let’s take a look at each of the aspects separately and see what it’s all about. Now that you know when and where the company was founded, it’s time to move to the actual Bitbuy review and find out more about the platform’s pros and cons. The team at CryptoVantage.com only recommends products and services that we would use ourselves and that we believe will provide value to our readers. We advocate for you to do your own research and make educated financial decisions. Express trades on the Bitbuy platform are charged at a 0.20% rate while pro platform trades attract 0.10% and 0.20% maker-taker fees, respectively.

Review of the Top Features on Bitbuy

Creating a Bitbuy account is a simple process that anyone can complete within a few minutes. Initially, you must input and confirm your email address and phone number. However, before it’s possible to trade or deposit on Bitbuy, any customer must complete Know-Your-Customer (KYC) verification. Bitbuy Pro Trade is an advanced trading platform offering features comparable to Binance.