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To qualify, you need a minimum of $50,000 CAD trades for Bitcoin and Ethereum and $20,000 CAD for any other coin. But if this is you, it’s worth contacting Bitbuy’s OTC desk to arrange a quick meeting and your enrollment in its OTC service. For more information and a complete list of our advertising partners, please check out our full Advertising Disclosure. CultOfMoney.com strives to keep its information accurate and up to date. The information in our reviews could be different from what you find when visiting a financial institution, service provider or a specific product’s website.

What are the trading fees on Bitbuy?

Now, users enjoy the ease and adaptability needed to trade crypto on the go. Supported coins, account fees and features across 28 cryptocurrency trading platforms are all weighted and scaled to produce a score out of 10. 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. With over seven years of experience in crypto trading, testing more than 50 exchanges, and running a popular crypto Reddit community for Canadians, I wanted to see how Bitbuy stacks up in 2025. The two platforms offer similar services to their users such as buying and selling digital currencies, trading digital assets, and more. Bitbuy stores 99% of its crypto assets in cold storage offline with a comprehensive insurance policy provided by BitGo, so the chances of a hack are slim.

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. The fact Bitbuy supports popular cryptos like Bitcoin and Ethereum is a plus. As interest in cryptocurrencies grows, so does the need for a reliable solution to exchange these digital assets. Bitbuy is one of the best cryptocurrency exchange platforms in Canada.

Key Bitbuy Features

Bitbuy supports just 53 cryptocurrencies while NDAX supports up to 32+ cryptocurrencies. Both offer Canadians the option to buy, sell and trade cryptocurrency at competitive rates. There are other options available if you’re looking for a place to buy and sell cryptocurrency. If you withdraw CAD from your Bitbuy account, there is a 1.50% fee when withdrawing via Interac e-Transfer. There is also a fiat Withdrawal fee of 1.50% if you withdraw via wire transfer. The exchange offers the ability to trade several different cryptocurrencies, such as Bitcoin and Ethereum.

They have a phone line and quick email support, even on weekends. People think it’s the best Canadian exchange, and customers are generally happy with their service. Bitbuy’s customer support is friendly and dedicated to helping customers. You don’t have to pay anything to deposit money, and if you want to withdraw cash, it costs 1.5% of the amount.

If you decide to buy Bitcoin, bitbuy canada review Ethereum, or other cryptocurrencies, you should know that the easiest way to do that is using fiat money. It works the same as paying for services using debit or credit cards, or via bank transfer. Compared to other leading cryptocurrency exchanges Bitbuy may not be the best option, however, it all depends on your personal needs. Overall, there are over 60 different coins for you to choose from. Now, if you’re interested in less popular tokens, this might be an issue. However, if the main assets are all you need, then you’ll be happy to know that Bitbuy supports them all.

The Bitbuy app currently has an average rating of 4.6/5 based on over 6,500 reviews and is available for download on IOS/Android devices. However, the user must set their app store region to Canada to be able to download and access the app. Bitbuy is designed to be accessible to beginners and experienced traders alike. To achieve this, Bitbuy is divided into Express Trade (simple swaps) and Pro Trade (TradingView-powered), meaning users can access specific features without feeling overwhelmed. Additionally, all critical pages can be accessed via the header menu, making the site easy to navigate. When creating our list of the best Canadian cryptocurrency exchanges, one of the non-negotiables is that our top pick had to be well suited to a wide range of crypto traders.

• Our comparative Bitbuy review articles dive deep into features, fees, and user experience to help you see exactly where they stand among today’s top exchanges.
• But if this is you, it’s worth contacting Bitbuy’s OTC desk to arrange a quick meeting and your enrollment in its OTC service.
• And our partners can never pay us to guarantee favorable reviews (or even pay for a review of their product to begin with).
• That’s why it’s hard to compare fees between the different exchanges.

The Trustpilot Experience

• While the clean and simple user interface means new traders can cut their teeth with trading crypto, Bitbuy Pro is available for more experienced traders.
• All of these points combined make Bitbuy a solid option for Canadian-based crypto investors looking for a reputable platform to fulfill their investment needs.
• BitDegree aims to uncover, simplify & share Web3 & cryptocurrency education with the masses.

Bitbuy also has an advanced trading platform, Bitbuy Pro, for more experienced traders. It is a popular cryptocurrency exchange in Canada where users can easily trade a number of digital currencies. Experienced traders can use advanced services such as over-the-counter (OTC) trading and brokerage.

Withdrawing CAD from your Bitbuy account will incur a 1.50% fee with Interac e-Transfer, and 1.50% fee using Wire transfer. I use Bitbuy mostly for CAD to crypto transfers and it’s smooth every time. Rates are decent and it doesn’t feel scammy like some others I’ve seen. Bitbuy’s Pro Trade feature is really useful once you get the hang of it. I like seeing the order book and doing limit trades, feels more in control.

Information provided by various external sources

You can buy, sell, and hold over 25 carefully selected cryptocurrencies, all available in Canadian dollars for easy funding and withdrawals. The platform focuses on established and liquid coins, so you get reliable access to the most popular digital assets without the clutter of obscure tokens. They provide live order books, fast funding and withdrawals, and well-designed crypto wallet services.

Registration & Verification Process

If you want to trade on the Bitbuy platform you must first sign-up as a member by providing accurate information about yourself such as your name, address and date of birth. Additionally, they offer an API and several integrations so you can accept cryptocurrencies as payment easily without having to deal with any coding yourself or handle any of the heavy-lifting. Bitbuy fulfils your trades as Bitbuy is a marketplace and investment dealer.

Pricing & Fees

NFTs and other emerging asset classes are also not supported, which is a notable difference from platforms targeting more advanced traders or those interested in digital collectibles. Bitbuy applies clear and competitive trading fees for crypto transactions. Buy/sell fees are fixed, with minimal spread markups on major coins, and there are no overnight or hidden custody fees. Crypto withdrawals are subject to network charges only, with no extra platform premiums. However, the downsides include its new, higher trading fees and a lengthy verification process. While the increased regulation and compliance measures can offer peace of mind, some users find the detailed requests for financial status, employment, and investing goals a bit intrusive.

For trades between $250k and $1 million, you pay 0.50% to 0.75%. These rates are based on your trading over the last three months. Bitbuy, a unique cryptocurrency exchange born and bred in Canada, caters to a diverse set of traders, from novices to the more seasoned ones who need a complex interface.

With over a decade experience in financial services, he’s passionate about personal finance, investing and helping people take control of their financial life. You also have more choice in terms of available digital coins on Wealthsimple Crypto. It currently supports 60+ coins, way higher than the available coins at Bitbuy. Learn more about how both crypto platforms compare in this Bitbuy vs Shakepay review.

Bitbuy is a user-friendly and secure Canadian cryptocurrency exchange, making it easy for Canadians to buy and sell crypto with easy CAD deposit methods. You know you can trade safely on Bitbuy, as they routinely conduct financial audits, monthly security audits, and transaction reporting audits using trusted third parties. Bitbuy’s servers are secured across multiple world class cloud providers and disaster recovery locations. These are the top 3 reasons why I think Bitbuy is an excellent exchange, and a great choice for beginners to the crypto market. Mobile capabilities are crucial at the moment, and Bitbuy’s mobile application delivers an easy-to-navigate platform for traders. The app accommodates various trading activities, from swift market transactions to carefully placed limit orders, offering extensive features readily accessible on your device.