Bitbuy Review 2025: A Top Canadian Crypto Exchange

Bitbuy Review 2025: A Top Canadian Crypto Exchange

In the below screenshot, you can see the minimum and maximum deposit/withdrawal limits for your Bitbuy account. You can also notice that the processing time is much quicker when done through Interac e-transfer than the traditional bank wire transfer. Bitbuy is one of Canada’s safest crypto exchange platforms, where you can buy and sell digital currencies. Overall, Bitbuy is still one of the best Canadian cryptocurrency exchanges.

How Does BitBuy Compare to Other Crypto Exchanges?

Bitbuy is one of the best cryptocurrency exchange platforms in Canada. Bitbuy is one of the few Canadian crypto exchange platforms that allows you to buy, sell and deposit cryptocurrencies. Bitbuy and Newton are both popular Canadian cryptocurrency exchanges that offer a range of features to cater to the needs of Canadian traders. In this Bitbuy review, we’ll delve into its features, covering aspects such as fees, pros and cons, security, customer support, and user interface.

Bitbuy Express Trade

• Exchange fees are one of the most important considerations when deciding where to purchase crypto.
• The following table shows some of the withdrawal fees for each cryptocurrency it supports.
• It offers additional tools like in-depth market and technical analysis and charges by using the TradingView technology.
• The team at CryptoVantage.com only recommends products and services that we would use ourselves and that we believe will provide value to our readers.
• Yes, you can withdraw Bitcoin from Bitbuy to your personal wallet or another address.
• The Express platform offers a simple, user-friendly interface, making it easy to buy crypto in just a few minutes.

It’s time to move to another part of this Bitbuy review – the cons of the platform. MSB includes foreign exchange dealing, money transferring, Issuing or redeeming money orders, traveler’s cheques, or anything similar, and of course, dealing in virtual currency. Once you have created an account, you will be asked to verify your identity using your government-issued ID or driver’s license. They believe that everyone should have access to the same investment opportunities, not just those with deep pockets who can afford high-priced advisors and brokers.

• Bitbuy and Coinsmart are two of the top Canadian cryptocurrency exchanges, and they both offer a range of features that cater to the needs of Canadian traders.
• Trading fees are a little more through Wealthsimple than they are through Bitbuy, but they’re still pretty competitive.
• There are two methods to get verified on the platform, automatically and manually.
• This ensures we understand your priorities and can recommend the best crypto exchange for your needs.
• Additionally, the trading fee changes depending on whether you’re a maker or a taker.

Bitbuy Referral Program

It can be tricky to compare crypto exchanges on fees alone because companies charge fees differently, and some are more transparent than others. Bitbuy probably falls somewhere in the middle of the pack, but what we like is that their pricing is clear and straightforward. Yes, you can withdraw Bitcoin from Bitbuy to your personal wallet or another address.

Company details

Moving to fees for trading, they tend to be different for market makers and takers. In most cases, fees for makers tend to be lower than the ones for takers. Some exchanges even offer a negative-fee model for market makers. This feature is created for big trades ($50,000 in CAD or equivalent BTC or ETH). It allows you to work directly with one of Bitbuy’s experienced traders. It comes with additional features such as in-depth market charts using TradingView technology, advanced orders (stop-loss, limit), live order book, and even more useful tricks and features.

Are There Any Fees?

Bitbuy offers OTC trading if you’re investing $50,000 or more. Once you fund your account with $50,000 worth of Canadian dollars or BTC/ETH equivalent, you unlock this feature. All you do is email email protected with your request and a Bitbuy expert will reply within the same day. OTC crypto trading is popular for large trades where you want to get the best price possible and reduce the risk of market volatility by locking in your order price. Over-the-counter (OTC) trading involves transactions between a buyer and seller, not an automated market maker.

Like Bitbuy, Wealthsimple Crypto is also registered with FINTRAC and the bitbuy review OSC so it is a secured and regulated crypto platform for Canadians. But if you’re looking for a secure, efficient and reliable place to buy and sell cryptocurrencies, you can’t go wrong with either NDAX or Bitbuy. Also, the company uses cold storage for most of the coins held in its system. This means that only a fraction of all coins are stored online to keep them safe from hackers who might try to steal them by hacking into the system.

Bitbuy requested all my bank financial transactions to clear my wire transfer. They wanted to know where I transferred the bitcoin I had already purchased. They then required I send them a copy of all transactions in my cold wallet. It stated I had 5 days to clear everything out from my account with bitbuy. Anything that was in the account in 5 days I would forfeit to bitbuy. Bitbuy held the transfer money for 9 days before returning to my account and charged me $35.

There are several trading platform options available at Bitbuy. These allow you to choose the best option based on your experience level and trading needs. The most user-friendly and streamlined trading platform is Express Trade. This is available in your web browser, or on mobile and offers a simple way to quickly buy and sell crypto with few complications.