As you can see from our comprehensive Bitbuy review, it really deserves the title of Canada’s top crypto advanced trading platform. Bitbuy trading fees range from 0% to 1.5% per transaction. The cost is calculated based on your trading history within the past 90 days. Additionally, the trading fee changes depending on whether you’re a maker or a taker.

Whether you’re a beginner or an advanced crypto trader, find out how Bitbuy can help you invest in digital coins and tokens online. Reliable Customer Service – Bitbuy offers amazing customer service for all of its users. Apart from the very well-curated list of FAQs, users get to reach the support team via email. Bitbuy pride themselves on outstanding customer support, and their reply time to email queries is the best in the industry. Now, you should know that not all crypto exchanges support fiat currencies. It means that you have to purchase them on the other platforms first and then transfer your coins to that specific platform that you want to continue using for trading.

Bitbuy Pro

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. But recently, they’ve fallen off – especially customer support and specifically a customer service interaction with Prit who just ignored my concerns. They’re quick to take your money, let you purchase a coin but withdrawing your coins to an external wallet takes forever – hours. They wouldn’t let me withdraw to my wallet, they started to ask different personal questions that it was a customer relationship routine questions.

Bitbuy maintains an exhaustive section offering support services, including guides, tutorial articles, FAQs, and informative articles on cryptocurrencies. Additionally, the platform shares trading tips on its YouTube channel and other regular tidbits to its followers on social media. With the bank wire transfer, it is cheaper to deposit funds into Bitbuy than it is to withdraw at 0.5% and 1%, respectively. Quick sign-up and verification – it is easy to create an account with Bitbuy and start trading quickly due to its smooth sign-up process.

He pays for his subscriptions online with his KOHO prepaid card, and uses his Tangerine credit card for most of his in-store purchases. When he buys bitcoins, it’s with the BitBuy online platform. Of course it goes without saying that he uses the Hardbacon app so that he can manage all of his finances from one convenient place. 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 has been around since 2016 but still only offers 17 different cryptocurrencies.

Affordable – Bitbuy has affordable and more transparent fees compared to many other cryptocurrency platforms. To create a Bitbuy account find the account set-up option on the Bitbuy website or app. You’ll need to enter certain details like your name, email and phone number. To confirm your identity and establish two-factor authentication, you’ll need to verify your email, phone number and identity. Businesses looking to add cryptocurrencies to their portfolio can rely upon Bitbuy to help them throughout the process.

Now, there are no deposit fees and they have implemented a tiered trading fee structure based on your trading volume over the last 90-day period. For volume under $250k, the maker/taker fees are 1.50%, which is quite high in comparison to other exchanges. First, enter your email address, phone number and password. Bitbuy will send a code to your phone which you’ll need to access your account. Before you can start buying crypto, you’ll need to go through the verification process.

Bitbuy Exchange Review

This includes the option to buy / sell and deposit / withdraw. When you buy or sell a coin you are buying at the rate Bitbuy is willing to give you at that particular moment. The Express Trade platform is a quick and simple way for you to buy your crypto.

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. Overall, in terms of security features, I don’t think there is a better platform in Canada than Bitbuy, and the company is extremely transparent about it. 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.

Bitbuy review

Before you proceed with this tutorial, it’s worth noting that only Canadian residents are allowed on the Bitbuy platform. If you do not live in Canada, there are other options that you may want to consider. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. Please be advised that Bitbuy does not work with the third party you have mentioned. Bitbuy is a registered Money Service Business with FINTRAC, and we take these matters very seriously. We advise you to reach out to our support team and your local authorities as soon as possible.

The Bitbuy platform offers Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Stellar, EOS, LINK, AAVE, and several others. Even if you are a newbie, their “Express Trade” feature makes it super-easy to begin trading. If you are on the hunt for the next Bitcoin digital asset or want to start trading cryptocurrencies in general, Bitbuy is one option to check out. We have since re-activated it and approved your verification. The delay caused me to miss out on an opportunity to invest the bitcoin elsewhere, and I incurred additional fees because of the delay.

Bitbuy withdrawal fees for CAD are at a flat 1.5% rate, while crypto withdrawals are subject to a mining fee – the exact rates depend on your cryptocurrency of choice. This is another great feature that Bitbuy offers at no extra charge. To apply for it, you need to send a request for Bitbuy API and, once approved, you’ll be able to set up CAD-to-crypto and crypto-to-crypto pairings and fully automate your trading https://broker-review.org/ routine. Of course, you’ll have to load up your account first, as with all other services we’ll discuss later in our review of Bitbuy. 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. The reason for that is really simple – it was the first crypto platform in Canada to become fully regulated as a marketplace.

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.

• Great unsecured credit card for customers currently in, or recently discharged from, a consumer proposal or bankruptcy.
• A gentleman named Carl got back to me within a half hour.
• Its mobile app will enable users to trade on the go keeping up with their trading activities.
• They also asked me to confirm my bitcoin wallet, which I had already done in my initial withdrawal request.
• Bitbuy’s friendly customer support can assist you at any point in this process.

Join the 1,500+ businesses that trust Bitbuy Corporate Solutions to add crypto to their balance sheet. There were of course a few things that we thought warranted improvement. However, given that Bitbuy are constantly looking for feedback, it is likely that these improvements could be in the pipeline. For the Bitbuy deal, if you refer a friend and they sign up and buy $250 of cryptocurrency then both you and your referral will get $20 for the introduction.

You can see a transparent fees summary for all transactions. For withdrawing cryptocurrency, you can transfer coins from your Bitbuy wallet to an external wallet. You need to click on the wallet from which you want to withdraw coins and click the withdrawal button. Lastly, enter the destination address of the wallet to which the funds will go, enter the amount and click on Withdraw Request. However, if you’re looking for more trading options, the company has come out with Bitbuy Pro Trade, which is a platform made available for more advanced users. The best part about it, you don’t need an account to see what it looks like.

The Trustpilot Experience

This section offers all the learning materials you need to learn crypto basics. Regulated – It is a completely government-regulated, safe and secure trading network. If you register using the button below bitbuy canada review and deposit at least $250 into your account , you’ll receive $40 extra for free for a limited time only . Express Trade – This is for anyone who’s just starting out or looking to make simple investments.

What Services does Bitbuy offer?

On the Pro Trade platform, the fee depends on the kind of order you place. You can sort through transactions based on transaction type, date, amount, bank, method and status. You can make an Interac transfer between 8 am and 11.59 pm. There is a minimum limit of C$100 and a maximum limit of C$10,000. For wire transfers, the minimum limit is $20,000 and the maximum limit is $500,000.

What I really like about Bitbuy is the fact that it has a mobile platform available on both Android and IOS. Overall, what I would like to see is a live chat function added on to the site like most major discount stock brokerages have. The delivery of information in this day and age is becoming quicker and quicker, and most new customers will expect a feature like this. What was exceptional in my eyes, is the fact the company is very active on social media. In fact, if you have a social media account, I’ve found this is a very strong way to get a hold of them with general inquiries as well.