Our concerns are unique and mine was based on the fact that I am new to crypto. I was not happy about the fact that no one was responding to my requests. However, I got a response the following day with an explanation why the process was taking long. In hind site, I am forever grateful for the steps they took to save me from loosing a lot of money. Hi Gisele, I’m truly sorry to hear about this experience.

The wallet page has large, colourful buttons which makes it easy to deposit funds. Bear in mind, the only fiat currency you can deposit is the Canadian dollar. Hit the deposit button and follow the simple steps to make a quick deposit. In addition, in the latest Proof of Reserves Audit that was released on July 2021, BitBuy surpassed their cold storage policy for an average of 98.12%.

They might come with higher deposit and withdrawal fees, but funds are processed instantly and you won’t be required to make an in-person visit to your bank to transfer the funds. Bitbuy is one of the oldest Canadian crypto exchanges, offering 25+ currencies and some of the lowest trading fees around. Bitbuy does not support funding by credit card – similar to other Canadian platforms including Shakepay and Newton.

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It also comes with live exchange rates and a wide range of CAD-to-crypto or crypto-to-crypto pairings. Moreover, as a subsidiary of the First Ledger Corporation, Bitbuy provides the utmost in terms of transparency and cyber-security for its consumers. Bitbuy is trusted by nearly 400,000 Canadians and they currently offer 15 crypto coins and tokens, with Bitcoin being one of their main sellers.

Once you register, you need to email the OTC desk for a Bitbuy trader to get in touch with you. OTC or over-the-counter transactions are private deals that are not registered on a public record book. To sell, enter the amount you wish to sell and click “sell”. Trading pairs available are mostly CAD to crypto, but you can trade Bitcoin against Ethereum, Stellar, Bitcoin Cash, EOS, and Litecoin. If you answer that you have zero risk tolerance and not much income, it’s possible Bitbuy will not let you open an account. After you have had your account verified you will need to complete a risk profile.

Netcoins vs Bitbuy

You can also view all of the bitbuy canada review pairs available. Bitbuy’s trading platform has everything you would need to trade in an attractive color scheme, which you have the option to change. Bitbuy’s Pro Trade is more complicated and suitable for experienced users who would like to see live charting, price movements, order books, and advanced order types. Bitbuy is only suitable for Canadian residents, but Canadians are able to access the trading platform outside of Canada.

I found the app extremely easy to use, and the interface allowed you to deposit, withdraw or purchase cryptocurrency all with a few clicks. Bitbuy enables withdrawals and deposits in all supported digital currencies. Bitbuy users can deposit or withdraw CAD or any supported cryptocurrency. The regulated cryptocurrency exchange Bitbuy is the place to go for Canadians who want to invest in cryptocurrency in an easy and secure way. As already mentioned, certain fees only apply to withdrawals.

BitBuy.ca Review 2023 – Pros and Cons of Using BitBuy in Canada

To make a cryptocurrency deposit, go to the Wallets page, select a crypto wallet and click on the deposit option. Then, you can scan the QR code or copy the address to your external wallet to complete the transaction. You can track your transaction on the History page in the Deposits section. If you are new to the crypto world, we’d recommend checking these best crypto exchanges in Canada. CoinSmart’s fees are just 0.2% and they offer the ability to trade any crypto to crypto without having to sell to Bitcoin or Ethereum first. There are several other Canadian crypto exchanges to choose from and I recommend CoinSmart as a good alternative to Bitbuy.

• Even if they are legit it is way to much bs to use them and just not worth it.
• In addition, all the providers they work with are ISO, SOC and FIPS compliant.
• If that’s you, with Express Trade, all you have to do is enter the amount of CAD you want to invest in a certain cryptocurrency and click “Buy”.
• So-called Over-The-Counter deals with a stake of at least $50,000 can be settled on Bitbuy around the clock.

Yes, Bitbuy features its own internal platform wallet, which allows you to safely store your funds, as well as monitor all your cryptocurrencies and current holdings. User-Friendly – Bitbuy offers plenty of user-friendly platform options for every kind of trader on both iOS or Android. Affordable – Bitbuy has affordable and more transparent fees compared to many other cryptocurrency platforms.

Unfortunately, Coinbase doesn’t disclose this detail very clearly on its website. Express Trade is the easiest way to get trading with Bitbuy. It lets you buy and sell seven different cryptocurrencies using Canadian dollars at a flat fee of .20%, which is very competitive for a standard trading platform. Express is best suited for beginner and novice traders, while Pro Trade unlocks a bevy of features for more advanced users.

They’re also not replying to me so I have no access to my funds. My initial issue was the reports generated by Bitbuy was all on 1 line. Thought I would resort to use my API key instead, hence the support needed. A gentleman named Carl got back to me within a half hour. He helped me out by giving me the right reports I needed plus the additional information regarding the use of the API with all the security precautions to take.

I prefer the flat https://forex-reviews.org/ to the rather “invisible” spread. First of all, the support center offers clear answers to all common questions. Bibuy can be used both at home on a large desktop PC and on the go on a mobile device such as a smartphone. The company offers different interfaces for different customer needs. For beginners, a particularly easy-to-understand and straightforward interface is offered for uncomplicated buying and selling of digital coins. But advanced Canadian crypto traders also get their money’s worth at Bitbuy.

The fee to purchase crypto with your debit card is 3.99%, which is very high compared to other crypto exchanges. In addition to the purchase fee, you will pay about 0.50% on the spread when you buy and sell. This is also higher than the leading Canadian crypto exchanges. Bitbuy is one of the most popular cryptocurrency trading platforms here in Canada. Bitbuy is one of the most popular cryptocurrency trading platforms here in Canada, and for good reason. As usual with trading platforms, there are different types of fees.

Which offers some extra features, such as allowing you to set up recurring purchases and getting paid in BTC with Coinberry Pay. Canadian companies looking to add Bitcoin to their corporate treasury. More advanced options, such as TradingView charts, order status and history, as well as sophisticated market orders, including stop and limit orders. Also praise this feature-packed platform for its ease of use and advanced security features.

Regulated and insured, Bitbuy — streamlined for Canadian traders — gives its users peace of mind. While standard fees are comparable, Bitbuy Pro users get access to some of the most competitive fees on the market. Yes, Bitbuy has been known to freeze accounts or hold deposits and withdrawals. Since Bitbuy is fully regulated, anything suspicious can be flagged. Sometimes people who trade a larger than usual amount, or deposit more frequently than usual may have their funds put on hold while Bitbuy investigates.