Bitbuy is one of our top-rated Canadian crypto exchanges, and for good reason: it supports 15 cryptocurrencies, verifies many accounts instantly, and provides extra security for your coins through top-of-the-line cold storage. New Bitbuy users can get a $40 bonus when signing up and depositing $250 or more with our unique referral link below.
Users like Bitbuy for its excellent customer support, slick mobile app, and extremely low trading fees. If you’re looking to trade major coins like Bitcoin and Ethereum or smaller altcoins like Cardano and Solana, we highly recommend signing up with Bitbuy today.
What Is Bitbuy?
Bitbuy is a cryptocurrency exchange located in Toronto, Canada, that originally launched as Instabit in 2013. It has rebranded since then, expanding its operations, securing venture capital funding, and expanding the selection of cryptocurrencies that you can exchange in its platform.
It was developed to allow buyers easy access to many cryptocurrencies that you can buy using the Canadian dollar. The exchange has competitive fee rates and can be used by both beginners as well as advanced cryptocurrency traders in Canada.
Bitbuy Features
1. The First Regulated Crypto Marketplace in Canada
Many of the other crypto exchanges in Canada have been getting registered as “investment dealers” or “brokers,” while Bitbuy is both a registered marketplace and investment dealer. This means that when you trade with Bitbuy, your orders are fulfilled by Bitbuy and will never be outsourced to a third-party entity that may not be unregulated in Canada.
It also means that you receive better trading transparency and deeper liquidity, which leads to better prices. You also won’t run into annual trading caps on altcoins, while many other exchanges are legally obligated to enforce trading caps of $30,000 on certain coins.
2. Excellent Customer Support
Bitbuy’s customer support is excellent. The platform offers email support as well as a comprehensive FAQ section and web page.
Some of the ways you can reach Bitbuy for customer support inquiries are as follows:
1. Email (support@bitbuy.ca).
2. Support page (via the “Support” page)
3. Support icon
It’s also worth noting that Bitbuy has an active social media presence, and you can reach the company through, Facebook, linkedIn, Twitter, and YouTube as well.
3. Intuitive User Interface
The interface is fast and accessible for traders across all walks of life, and it comes with two primary modes.
Express Trade lets users buy and sell cryptocurrency with Canadian dollars, making it the easiest way for users to deposit funds.
Pro Trade (shown above) offers advanced traders a live trading view as well as more advanced orders. Here are some of the benefits of Pro Trade:
1. Advanced trading platform comparable to Binance
2. Extremely low trading fees (0.1%-0.2%)
3. 20+ trading pairs
4. Integration with Trading View charts for indicators and signals
4. Strong Security Measures
It’s also worth mentioning that Bitbuy has a cold storage policy in place, which means that they keep 95% of all their digital asset resources under cold storage.
This is an excellent way to keep your funds secure because cold storage is much more difficult to hack and/or steal. Besides, if you’re worried about your account getting hacked and/or stolen, you can also set up 2-factor authentication on the platform.
5. Well-Rated Mobile App
Bitbuy’s mobile app has received excellent reviews, with a 4.6/5 rating on the App Store from 6,000+ reviews.
The app lets you access all of the features of the desktop version, including buying and transferring cryptocurrency. It also supports biometric security measures to keep your coins safe.
Here are a few screenshots from the Bitbuy app:
Cryptocurrencies On Bitbuy
Bitbuy offers a wide range of cryptocurrencies to trade, including:
- Bitcoin
- Ethereum
- Litecoin
- Solana
- Stellar
- Bitcoin Cash
- EOS
- Chainlink
- AAVE
- Polkadot
- Uniswap
- Dogecoin
- Polygon
- Sushiswap
- Cardano
Bitbuy Fees
Trading fees are competitive compared to other crypto exchanges in Canada if you use the “Pro Trade” platform.
The fees applied will be 0.10% when you place limit trades and 0.20% when you place a market order.
The “Express Trade” platform comes with a fixed price of 0.20% for buy and sell orders when using its one-click functionality.
In Summary
Bitbuy is one of our top-rated Canadian crypto exchanges, and for good reason: it supports 15 cryptocurrencies, verifies many accounts instantly, and provides extra security for your coins through top-of-the-line cold storage. New Bitbuy users can get a $40 bonus when signing up and depositing $250 or more with our unique referral link below.
Users like Bitbuy for its excellent customer support, slick mobile app, and extremely low trading fees. If you’re looking to trade major coins like Bitcoin and Ethereum or smaller altcoins like Cardano and Solana, we highly recommend signing up with Bitbuy today.