To make a purchase on Bitbuy’s Pro Trade platform, click on the BTC-CAD pair in the top-left corner. This gives you a clear overview of the trading activity happening in real time. Bitbuy’s Pro platform is visually appealing, featuring an attractive color scheme that you can customize to suit your preferences. You’ll then be shown all the necessary details to complete the transfer.
Love the app
Users looking to take advantage of its benefits need to contact Bitbuy’s customer support to request access. There is also a minimum trade value of CAD 25,000 on the Private Wealth desk, meaning that the service is specifically designed to facilitate large orders. Previously referred to as the OTC desk, this feature helps prevent price slippage since large orders can affect the market price of an asset if listed on the open marketplace. Bitbuy’s Private Wealth feature facilitates high-volume trades for retail and institutional investors. The biggest advantage to using the Pro trade feature is that traders have more control over the price at which they enter or exit their positions and how much they pay for the trades.
Listed Bitbuy crypto exchange assets
Bitbuy demonstrates a strong commitment to regulatory compliance as one of the first Canadian crypto exchanges registered as a Restricted Dealer under Canadian Securities Administrators (CSA) oversight. Its mobile app will enable users to trade on the go keeping up with their trading activities. Bitbuy maintains an exhaustive section offering support services, including guides, tutorial articles, FAQs, and informative articles on cryptocurrencies. Its company headquarters are based in Toronto, Ontario, Canada, and currently serves more than 400,000 Canadians with support for 15 cryptocurrencies. In this review, we will look at Bitbuy, a popular Canada-based cryptocurrency exchange. If you are new to the crypto world, we’d recommend checking these best crypto exchanges in Canada.
- When it comes to keeping cryptocurrency safe, offline storage is crucial, and Bitbuy seems to take that seriously.
- It has a lot to offer crypto investors.
- However, if you live in Canada, you should definitely check this platform out.
- All users must set up two-factor authentication (2FA) before they can execute trades.
Keeping your crypto secure
This fee structure varies depending on how you trade with the exchange. Bitbuy fees are competitive in line with the rest of the industry with an easy-to-understand structure in place across the board for traders. Top registered and regulated crypto trading platform for Canadians.
One of the main flaws related to centralized cryptocurrency exchanges that support fiat currencies is high bitbuy canada review deposit fees. Supported coins, account fees and features across 28 cryptocurrency trading platforms are all weighted and scaled to produce a score out of 10. Bitbuy enables its users to buy and sell any of the supported cryptocurrencies directly to and from the platform without having to interact with the sophisticated pro trading interface. The platform primarily supports CAD to crypto trading pairs, but you can also trade Bitcoin against other popular cryptocurrencies like Ethereum, Stellar, Bitcoin Cash, EOS, and Litecoin. If you’re into buying, selling and storing cryptocurrencies, one of the things that you should consider is the number of supported cryptocurrencies that the platform offers.
It’s easy to use, very good security,support and they still get better Bitbuy is one of my favorite exchange because of its security!!!! BitDegree.org does not endorse or suggest you to buy, sell or hold any kind of cryptocurrency. All things considered, it’s for you to decide whether Bitbuy crypto exchange is exactly what you’re looking for.
- Since Bitbuy is a regulated crypto exchange, it must comply with all regulations.
- In all, Bitbuy is a very secure, well-respected location for trading cryptocurrency.
- You’ll then be shown all the necessary details to complete the transfer.
- I’m going to try again today to withdraw my btc and send it to cold storage but I’m very worried about this exchange.
- The exchange was established in 2016 and has grown to become a popular and trusted marketplace for Canadian crypto-traders with now more than 350,000 users.
Company details
➡️ More experienced or intermediate traders who value low costs, reliable local fiat onramps/withdrawals, and advanced order types but do not require extensive altcoins, leverage, or DeFi tools. On Trustpilot, Bitbuy achieves a score of 4.1 out of 5 from 390+ reviews, reflecting mostly positive customer experiences and rapid support response times. Don’t invest unless you’re prepared to lose all the money you invest. We use cutting-edge AI models to forecast future prices for stocks and crypto. The company maintains social media pages, an informational YouTube channel, and a dedicated support page that also allows customers to submit support tickets for more customized help.
While many new millionaires have been minted from Bitcoin, many have also lost money. Whether Bitcoin is a good investment will depend on its uptake as a store of value and/or its uses as a means of exchange over time. It is also registered as a marketplace and restricted investment dealer in Canada with OSC approval. You can put your crypto coins to work and earn interest on Bitbuy. Provide your cell phone number to activate and set up your account with two-factor authentication and enter the other personal information required. Even if you are a newbie, their “Express Trade” feature makes it super-easy to begin trading.
Other services
Compared to other leading cryptocurrency exchanges Bitbuy may not be the best option, however, it all depends on your personal needs. Talking about decentralized cryptocurrency exchanges, there’s no third-party involvement and you have full autonomy over your wallet. While centralized exchanges can be considered safer, there’s an increasing number of decentralized platforms that are coming into the market.
How to Create an Account on Bitbuy?
Although Bitbuy doesn’t have the largest selection of altcoins, it covers the major cryptocurrencies you’ll need. Additionally, Bitbuy now emphasizes a transparent and competitive fee structure, potentially more appealing compared to older perceptions of high fees. When trading with Bitbuy, it’s best not to do anything unusual for your account. Bitbuy has a well-organized support page on its website, where you can find guides and answers to common queries about topics like account verification and deposit methods. Once you’ve selected your trading pair, you can choose whether you want a limit order or a market order.
Is Bitbuy regulated or certified in CA?
For trades of more than $50,000, you can utilize the Bitbuy OTC trading desk. This is available in your web browser, or on mobile and offers a simple way to quickly buy and sell crypto with few complications. The most user-friendly and streamlined trading platform is Express Trade. There are several trading platform options available at Bitbuy. For liquidity providers, the maker and taker fees are also 0.1% and 0.2% respectively if you have accumulated under $1.5m CAD in total maker fees paid in the previous 12 month period.
I’m afraid to start the process over because I’m feeling like I’m dead in the water here. I tried to get a sizable amount off the exchange recently via cold storage wallet without success. I opened a Bitbuy account last year and started buying btc.
To deposit, head to your account dashboard, hit the “deposit” button, and you’ll be presented with a list of available options. Bitbuy’s app provides the same user-friendly experience as its Express platform, making it easy for beginners to navigate. The minimum investment required to use the OTC Desk is $25,000, making it ideal for those looking to execute large-scale trades.
Be sure to enter all the required information, including the security question and its answer, to ensure the transfer goes through smoothly. Bitbuy’s Express platform is ideal for beginners or anyone who wants to make a quick purchase at market price. That being said, Bitbuy does cater to businesses by offering corporate accounts, which come with dedicated account managers to assist with their trading needs. For now, Bitbuy’s main focus is providing its users with a top-notch trading experience.
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. The platform is based in Toronto, Ontario, serves more than 400,000 Canadians, and supports over 15 cryptocurrencies. Bitbuy is a Canadian cryptocurrency trading platform launched in 2016 by Adam Goldman. So far, the platform has not reported any major security incident, which has become a testament to its focus on providing secure crypto brokerage, trading, and wallet services.
