CoinMarketCap gives liquidity scores for exchanges with 0 being the most illiquid and 1000 being the most liquid. The more liquid a crypto exchange is, the less likely there will be unexpectedly high transaction costs. The purpose of the risk profile is to determine if crypto trading is for you. Since Bitbuy is a regulated crypto exchange, it must comply with all regulations. They allow to register a new account , convert to crypto and then you can’t withdraw your crypto.
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However, if the main assets are all you need, then you’ll be happy to know that Bitbuy supports them all. First of all, every Bitbuy user has to confirm its identity, meaning that the platform ensures there are no fake accounts and scammers on the platform. 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. However, since Bitbuy is strongly improving, more cryptocurrencies will be added in no time.
To entice its prospective institutional clients, the exchange has invested heavily in its infrastructure and partnerships, including using BitGo as its custody provider for corporate accounts. Sophisticated bots can even perform more advanced functions such as portfolio rebalancing and derivative orders even when the platform does not support them. Depending on the settings, an API can give authority to open and close trades and initiate asset transfers. A trading API (application programming interface) is a channel through which a user can access their trading accounts remotely through a bot or third-party software.
- My experience involved checking Bitbuy’s trading tools and seeing if both beginners and experienced traders would find what they need.
- 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.
- Also, you get all the needed features that allow you to track the currency market prices, your orders, view history, and so much more.
- Trading on Bitbuy’s Express platform incurs a 0.2% commission per side, while Pro users benefit from a 0.1%–0.2% maker/taker model—competitive for Canadian crypto exchanges, though not as low as some global giants.
- Also, the insurance covers up to the full price of your assets.
- Cryptocurrency will be one of the main medium exchanges in the future.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. They continue to pursue innovation on the trading side, as well as quality regulation and a safe trading environment which is of great importance. A number of support functions through which the Bitbuy team are available and you can answer questions are provided for through the company homepage. Again this platform is available in your browser and you will have access to more charting data and order types for a highly-customizable experience.
This service can be used for crypto-based businesses that want to automate their trading processes. It was created for reliable partners to be able to connect to Bitbuy’s 10+ markets that offer a variety of CAD-to-crypto and crypto-to-crypto pairs. PRO Trade platform is created for advanced traders. However, since the platform is created specifically for Canadians, it supports Canadian dollars only.
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I hope that you found this Bitbuy review helpful and are ready to become a part of the crypto community! However, if you live in Canada, you should definitely check this platform out. That’s why the only fiat currency supported at the moment is CAD. Now that you’ve managed to make a deposit, it’s time to start using the platform.
I’ve never had any problems with…
Bitbuy also regularly publishes proof-of-reserve reports through independent third-party audits, demonstrating that client assets are adequately backed and held securely. Bitbuy provides insurance for digital assets held in its cold storage, offering coverage against certain theft events. The team comprises experts in digital assets, compliance, technology, and financial services. In 2022, Bitbuy became part of the WonderFi group, a publicly traded Canadian fintech company. Rewards rates and eligible coins are shown in the platform, and staked funds are generally subject to a lock-up or unstaking period as specified per asset. The minimum deposit required to fund your Bitbuy account is typically $50 CAD if using Interac e-Transfer.
Bitbuy will send a code to your phone which you’ll need to access your account. On the other hand, if you want access to advanced order types and detailed charting, and you’re comfortable with a more robust interface, then Bitbuy’s Pro platform is ideal for you. If you’re just looking to make a quick purchase at market price, Bitbuy Express is a great choice. Bitbuy is perfect for both beginners and more experienced traders. All of our content is written by Canadian crypto experts, not robots.
How Much Does it Really Cost To Trade Crypto With BitBuy?
They hold your crypto for days even after you meet all requirements and you can’t withdraw your crypto.There is one problem after another with this we… I lost money everyday because I… While we are independent, the offers that appear on this site are from companies from which Finder receives compensation. Finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. While we cover a range of products, our comparison may not include every product or provider in the market. The higher the score, the better the exchange—simple.
Bitbuy Review 2025: Pros, Cons, Fees, and Alternatives
Bitbuy continues to operate as a separate crypto trading platform despite the changes in ownership. BitDegree aims to uncover, simplify & share Web3 & cryptocurrency education with the masses. The exchange platform (i.e. Kraken) acts as a middleman – it connects you (your offer or request) with that other person (the seller or the buyer). While some are more straightforward and beginner-friendly than others, you shouldn’t encounter any difficulties with either of the top-rated exchanges. 17 supported coins are wayyyyyy to small than others exchange out there
Regulated Crypto Exchanges in Canada: What You Need To Know
The provider offers the bitbuy canada review ability to trade not only using the desktop platform but also their mobile app that’s available for both iOS and Android users. Centralized cryptocurrency exchanges tend to be rather easy to use. Bitbuy offers fiat support, meaning that you’ll be able to purchase cryptocurrencies without much trouble. Now, you should know that not all crypto exchanges support fiat currencies.
- Unfortunately, at the moment, Bitbuy does not offer real-time customer support through either phone or online chat.
- This is particularly true for Canadian traders and is shown in the number of users that the company has.
- This helped me highlight where Bitbuy stands out in terms of transparency, reliability, and platform quality, and where it still has room to improve.
- The service is advantageous as it involves fewer steps to buy or sell digital assets compared to using the pro service.
Yes, Bitbuy offers Over-The-Counter (OTC) trading for large crypto transactions. Now, there are no deposit fees, but they’ve implemented a tiered trading fee system based on your 90-day trading volume. Bitbuy’s fees were once some of the lowest in the industry, with a flat 0.2% trading fee. The Express platform offers a simple, user-friendly interface, making it easy to buy crypto in just a few minutes. Whether you’re just starting your crypto journey or you’re a seasoned investor, Bitbuy offers an easy and reliable platform with both Express and Pro options to suit your needs. We earn commissions through referral links to crypto exchanges and products on this site.
Excellent customer service support
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. The platform provides access to some stablecoins (notably USDC), which I consider essential for managing volatility and facilitating fast value transfer within the crypto ecosystem. One significant limitation is the absence of advanced products such as crypto derivatives, margin trading, and cryptos as CFDs, which are increasingly popular in other markets. I find Bitbuy’s asset offering well-suited for Canadian investors seeking direct access to popular cryptocurrencies, but the selection is limited compared to the largest global platforms. Crypto withdrawal costs are aligned with network fees, and Bitbuy does not significantly mark up these charges, setting it apart from platforms with excessive withdrawal premiums.
I have sent multiple support requests, and they do not respond. BitBuy froze me out of my account. The 5 star on their platform is all FAKE
Even though it’s quite low compared to some of the industry giants, it’s crucial to remember that Bitbuy is a Canadian-only crypto exchange platform. Bitbuy is considered to be one of the most popular and reliable crypto exchange platforms in Canada. Between 74-89% of retail investor accounts lose money when trading CFDs.
Bitbuy provides staking options for select cryptocurrencies, allowing users to earn rewards by locking up assets in the platform’s staking program. I find Bitbuy’s integrated crypto wallet to be both secure and convenient, allowing users to hold and transfer multiple cryptocurrencies directly through the platform. Always check crypto withdrawal fees before transferring assets, as network congestion can impact costs. Trading on Bitbuy’s Express platform incurs a 0.2% commission per side, while Pro users benefit from a 0.1%–0.2% maker/taker model—competitive for Canadian crypto exchanges, though not as low as some global giants.
Bitbuy offers robust API trading, giving me and other advanced users the ability to automate trading strategies and integrate external tools or bots. Bitbuy does offer staking for select cryptocurrencies, primarily well-established proof-of-stake assets. For investors seeking a secure, regulated entry point to leading digital assets without the complexity of broader DeFi or derivative markets, Bitbuy offers a simple and reliable solution.
Unfortunately, Bitbuy doesn’t offer features like staking, crypto cards, or the additional perks you might find on other platforms. For added security, you can set up two-factor authentication on your account. When it comes to keeping cryptocurrency safe, offline storage is crucial, and Bitbuy seems to take that seriously.