Bitbuy Review 2025 Buy & Sell Crypto in Canada Fees, Pros, Cons

We found that cryptos are the best way to deposit and withdraw funds to your Bitbuy account as there is no deposit fee. The withdrawal fee is also cheaper when compared to conventional withdrawal methods. Additionally, the processing time is faster when done via cryptos. Whether you’re a seasoned or just a beginner trader, Bitbuy can help you take the next step towards buying and selling your cryptocurrencies.

• Bitbuy’s trading fee for instant cryptocurrency trades using CAD is 0.2%.
• Also, if FIAT funding isn’t what you’re looking for, you can choose to fund your account with cryptocurrencies.
• Users can enable two-factor authentication, and Bitbuy is also FINTRAC registered as a money services business.
• A support link is there that generates automated ticket – and NO ONE EVER REPLIES TO THAT TICKET EVEN AFTER DAYS ..I WILL NEVER EVER RECOMMEND THIS COMPANY TO ANY CRYPTO INVESTOR.
• And while instant transfers are free with Zelle, your child would need a bank account for you to use that service to send money to them.
• 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.
• That means you’ll always pay a little more or get a little less than the live market price when you buy and sell, respectively.

Express Trade, meant for beginners, will place a market order on Bitbuy’s live order books. The minimum trade amount is $5 and every transaction is subject to a 2.00% fee if you’re trading under $250K per month. 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. Yes, you can send Bitcoin from your Bitbuy account to another wallet.

Download full list of cryptocurrencies Bitbuy supports

After all, you’re giving them your hard-earned money and personal information; you need to know that it’s secure. Bitbuy offers wallet services to help store your cryptocurrency coins. Compared to other Canadian exchanges such as Coinsmart and bitbuy canada review Newton, Bitbuy is a great choice for Canadian traders who value digital assets’ security, reliability, and variety.

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. Bitbuy’s app provides the same user-friendly experience as its Express platform, making it easy for beginners to navigate. The iOS app has a strong 4.6-star rating from 6,000 reviews, reflecting its smooth user experience. Moreover, you’ll be able to fund, buy, sell and withdraw cryptocurrencies very fast and securely. Also, you get all the needed features that allow you to track the currency market prices, your orders, view history, and so much more.

Trade setups are frequent, especially on lower time frames, so you’ll never be on the sidelines long when trading pullbacks. Once you’ve got a feel for the pullback trade, you can begin to size up your positions and increase leverage. Recognizing these EMAs as a “fair value guide” is a great way to keep you out of the market during choppy periods and forces you to be patient and wait for the right time to enter.

The pullback trade is a trend trading strategy that aims to pinpoint overpriced or underpriced entries. These trades are best executed by recognizing when the market has retraced to fair value and is likely to resume its trending state. Liquidity refers to the total value of resting bids and offers in the orderbook. If you’re holding a position of significant size, it may be worth placing multiple, smaller stop losses.

Excellent Customer Support

Enter your email address to get valuable personal finance & small business tips from top experts delivered to your inbox weekly. To qualify, though, you’ll need to make a crypto investment worth at least $50,000. Most people trade crypto on the go, so we were glad to find there’s an official and completely free app for both Android and iOS devices. Luckily, it doesn’t require a separate account, so you can use it whenever you need a deeper insight into the crypto market.

• Bitbuy is one of the few Canadian crypto exchange platforms that allows you to buy, sell and deposit cryptocurrencies.
• Day trading crypto involves buying and selling within a single day or trading session to profit from short-term price changes.
• Furthermore, Bitbuy is registered by FINTRAC as a Money Services Business (MSB).
• Bitbuy was launched in 2016 and quickly became one of the most prominent Canadian platforms for buying and selling crypto.
• Personally, I love it for CAD-crypto trading pairs, but this is a drawback of you’re looking for crypto-crypto swaps.

Bitbuy Security

However, it is an ideal option for Canadian investors looking to diversify their portfolios with the popular crypto assets. 0.50% to 2% trading fees; free fiat deposits and withdrawals. When it comes to keeping cryptocurrency safe, offline storage is crucial, and Bitbuy seems to take that seriously. 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. Express Trade platform is a great option for beginners who are looking for an-easy-to use platform as well as clear navigation.

Is Bitbuy a wallet?

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. In January 2022, WonderFi, the Kevin O’Leary-backed DeFi company, also announced its acquisition plans for Bitbuy. Between the OSC regulation and acquisition, it’s clear that Bitbuy is quickly asserting itself as one of the best crypto exchanges in Canada. However, Canadians still have several options to easily invest in crypto using the Canadian dollar. One of these options is Bitbuy, a cryptocurrency exchange currently serving over 350,000 users.

Upon verification, you can add funds from your bank account via the Interac e-Transfer feature or wire transfer. The content on this website includes links to our partners and we may receive compensation when you sign up, at no cost to you. This may impact which products or services we write about and where and how they appear on the site. It does not affect the objectivity of our evaluations or reviews. On top of that, Oleg also has experience with NFT, airdrops, and crypto staking and he is constantly checking on new crypto assets. For more experienced traders, Bitbuy’s Pro Trade platform is the way to go.

Company details

The platform’s variety of cryptocurrencies allows crypto enthusiasts to trade digital assets as they please. Bitbuy is also expanding its market and adding new coins as it goes. As a standout Canadian crypto exchange, Bitbuy’s core services demonstrate its commitment to accommodating the different needs of cryptocurrency users. Adam Goldman, a trailblazer within Canada’s cryptocurrency space, was the mastermind behind this vision and remains at the helm of the Bitbuy team today.