Bitbuy Review

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Written by SnappyRates Team

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The Bitbuy exchange is best for trading popular cryptocurrencies, starting with as little as $50. It was founded in 2016 and stands out as Canada’s first registered marketplace for crypto assets. So far, over 900k users have traded over $7B+ in crypto on the platform. 

Bitbuy Crypto List

Bitbuy offers a wide selection of 46 popular crypto coins and tokens. The top ones include BTC, ETH, ADA, XRP, DOT, DOGE, SHIB, UNI, SOL, MATIC, LINK, XLM, APE, MANA, YFI, CHZ, WLD, and more.

Funding Methods

Bitbuy supports several wallet funding methods, including Interac e-Transfer, bank wire, debit/credit cards, Apple Pay, and crypto deposits.

Trading Interfaces

Bitbuy offers various trading interfaces to accommodate the needs of different investors. They include:

  • Express Trade: A simple platform for beginners
  • Pro Trade: Offers advanced charting and tools for seasoned traders
  • Bitbuy API: Enables Algorithmic traders and other experienced users to automate trading activity.
  • Bitbuy Mobile apps: Available for Android and iOS to trade on the go
  • Bitbuy Wealth: An OTC desk to fill block trades of  $20,000+

Bitbuy Fees

Bitbuy trading fees are fairly competitive in Canada. There are also Bitbuy deposit and withdrawal fees, which vary based on the funding methods you use.

Trading fees

Fees on Bitbuy Express stand at 2%. Bitbuy Pro uses a tiered maker-taker fee schedule where fees range from 0%-2% based on your 90-day trading volume.

Deposit fees: Debit card deposits incur a fee of 1.95%, while credit card and Apple Pay deposits have a 2.95% fee. Interact e-Transfer and bank wire deposits are free.

Withdrawal fees: 1.5% via Interac e-Transfer and wire transfer.

Bitbuy Sign-Up Bonus

Bitbuy offers an attractive welcome bonus if you create an account and fund your wallet with an initial deposit.

Sign up and deposit $250 or more to get a $50 cash bonus.

Bitbuy Crypto Staking

Bitbuy offers crypto staking of about 9 assets to enable users to earn staking rewards on their favorite coins.

Stakable cryptocurrencies on Bitbuy include DOT, ETH, MATIC, SOL, ADA, NEAR, ATOM, INJ,  and TIA. Staking rewards range between 2.25%-11.23%.

Crypto Payments and Corporate Solutions

Bitbuy offers crypto payments and corporate solutions to help businesses add crypto to their balance sheets, including: 

  • Onboarding and funding
  • Trade execution and custody
  • Access to OTC trading desk liquidity
  • Account management and reporting
  • Support from dedicated account managers

So far, 1,500+ businesses in Canada, including,  accounting firms, law firms, family trusts, family offices, and others use Bitbuy corporate solutions.

Again, Bitbuy, in partnership with CoinSmart offers crypto payment solutions to help businesses send and accept crypto payments via CoinSmart’s SmartPay.

Is Bitbuy Safe?

Bitbuy is reputed as one of the most secure and trusted crypto platforms in Canada. First, it’s a compliant platform regulated by the Ontario Securities Commission (OSC) and the Canadian Securities Administrators (CSA).

Again, Bitbuy is registered with FINTRAC as a money service business. Plus, 90% of crypto assets on the platform are kept in cold storage and covered by a comprehensive insurance policy.

Bonuses & Deals for June

Get a free chequing account with unlimited transactions & $400 bonus cash.

Earn up to 5% cashback with a free prepaid card, get 5% savings interest on your balance, plus a $20 bonus when you make your first purchase!

No current offers for this category.

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SnappyRates Team

The SnappyRates Team comprises personal finance writers who have reviewed and personally tested hundreds of financial products in the Canadian space. With over 20 years of combined experience to draw from and expertise in all things credit cards, banking, insurance, and mortgages, our goal is to provide you with the most comprehensive guides and resources to help you on your financial journey.

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