Bitbuy Review: Is Bitbuy the Best Overall Cryptocurrency Exchange?

Bitbuy Review: Is Bitbuy the Best Overall Cryptocurrency Exchange?

Bitbuy’s support is typically held in high esteem, yet there is room for improvement. Several clients have pointed out that incorporating more immediate assistance could increase the overall quality of service provided to users. Interac e-transfer is very fast and the fees are very low at 1.5% so that’s a great option.

Relatively Low Fees

They make it very difficult to imposible to get your money back once they have it in their coffers. As you can see, Bitbuy’s fees depend on which deposit method you choose. However, they’re considered to be on par with the industry standard. bitbuy review Also, it’s fair to mention that if you use Bitbuy PRO, fees get lower.

Best Crypto Exchanges For Day Trading in Canada in 2025

If you’re new to crypto investing, Bitbuy’s Express Trading feature is what you’re looking for. Money transfers from a parent account to a child account are instant and free. And that’s something that not many other payment tools offer right now. You can build your portfolio and maintain a target allocation. Passiv’s “buy-only” feature allows you to identify the underweight crypto asset in your portfolio or “enable selling” to conduct a full rebalance.

We may receive compensation when you click on links to products we review. All in all, Bitbuy really deserves the title of Canada’s leading crypto trading platform. The cost is calculated based on your trading history within the past 90 days.

• Learn more about the referral program in this post about Bitbuy promotions.
• Bitbuy’s trading fees are generally more competitive than Coinbase.
• If you want to buy, sell, and trade while you’re away from your laptop or PC, you can use the Bitbuy mobile app.
• There is a very high degree of risk involved in trading securities.
• This includes instant quotes, trading with 100+ cryptocurrencies at the best rates, and even early access to upcoming features on the platform.
• Offline storage is the safest way to keep your crypto assets safe and Bitbuy is one of the best exchanges with this feature.

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. 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 its advanced trading platform, Bitbuy Pro, and its easy-to-use Bitbuy Express, traders of all levels can easily buy and sell a wide range of digital assets. The platform’s security measures are top-notch, and the fact that it is registered with FINTRAC, OSC, and CSA ensures transparency and more security.

• Initially, it was named InstaBT but later was rebranded to Bitbuy.
• If you regularly invest in crypto, international exchanges like Binanceare better on fees, and trading limits aren’t always low for new users.
• Bitbuy solidifies its trustworthiness through transparent operations.
• Undergoing regular audits and being a recognized MSB (Money Service Business) by a federal agency like FINTRAC explains the credibility and reliability of this crypto exchange.
• While centralized exchanges can be considered safer, there’s an increasing number of decentralized platforms that are coming into the market.

Pro Trade is Bitbuy’s advanced trading mode and a tool you’ll most likely switch to when you learn the crypto trading ropes. You simply select whether you’re buying or selling, choose the cryptocurrency you’re interested in trading with from the drop-down menu, and enter the amount. Bitbuy is a large Canadian cryptocurrency exchange that’s easy to use, but does have some drawbacks.

Bitbuy Deposit and Withdrawal Fees

The platform is a codebase that enables users to maintain their data privately. Additionally, this feature ensures that the intellectual property of the users is safe from third parties. Here are some frequently asked questions about the Bitbuy cryptocurrency exchange.

Features of Bitbuy Exchange

That said, many users believe that KuCoin is one of the simpler exchanges on the current market. To use this platform you will need to have a North American phone number as well as provide an address in Canada. If you’re looking for a reliable cryptocurrency exchange that’s available internationally, you should consider Coinbase, Binance and Coinmama.

It ensures the protection of personal information under its control. What makes Bitbuy so great is that it makes life easy for newbies and pros alike. If you are a crypto newcomer, you can grow with Bitbuy; there’s no need to “graduate” to a different exchange as you become a more sophisticated trader. Our Website may link to external sites or content not controlled by us. Such links don’t imply our endorsement, and we aren’t liable for the content, products, or services of these third-party entities. Adam Morris, the co-founder of Crypto Head and a respected crypto expert, offers insightful commentary and analysis on cryptocurrency, NFTs, and the evolving digital landscape.

The platforms offered and fees charged by this exchange is very well curated to serve both novice and more experienced traders. The user-friendliness of the platform, excellent support team and the robust security measures taken to protect their client’s funds are some of the most appreciable features of this exchange. Coinsmart, on the other hand, offers a wider range of cryptocurrencies than Bitbuy, supporting over 30 digital assets. Coinsmart also offers a mobile app, an advanced trading platform, and a user-friendly interface.

Information provided by various external sources

Overall, Bitbuy’s customer support is highly regarded; however, there are some reports of delayed services. Still, the exchange is committed to improving its services and helping its users manage their digital assets efficiently. The exchange also offers a mobile application, a built-in wallet, and plenty of security features. It’s easy to register for an account with Bitbuy, and once you’re in, the platform is intuitive and simple to use. Exchange fees are one of the most important considerations when deciding where to purchase crypto. Additionally, there aren’t account management fees or inactivity fees.However, where Bitbuy falls short is with some withdrawal fees and trading fees.

When you upload your transfer details, Bitbuy usually reviews and processes the transfer on the same day. The funds may take between 2 to 3 business days to get to your bank account. Overall, Bitbuy is a better crypto platform for intermediate and advanced crypto investors and traders.