Alternatively, the Coinbase cryptocurrency exchange supports 20 trading pairs as of April 2021. Since 2016, Bitbuy has operated as a Canadian cryptocurrency exchange that enables users to buy and sell digital assets. Cryptocurrency Deposit And Withdrawl Fees – Digital currency deposits are free on Bitbuy. However, fees for withdrawing crypto vary based on your currency and market conditions. Visit the Bitbuy network to see real-time crypto prices.

• Use this form to submit website feedback and suggestions, or to inform us about website issues.
• Select your withdrawal method and enter the amount you are looking to withdraw, and the name of your bank.
• The platform, especially if you’re new, will seem quite advanced.
• The Pro Trade platform offers tools for technical analysis, meant for traders who buy and sell regularly.

Bitbuy is registered with the Financial Transactions and Reports Analysis Center of Canada as an MSB. All in all, Bitbuy is a great option for any investor who is looking for a reliable Canadian platform. Use a debit card to fund your account, for which you would need to pay a fee of up to 6%. Flat buy/sell fee of 0.2%, which is lower than Bitbuy.

Inside this review

Bitbuy is one of the most popular cryptocurrency trading platforms here in Canada, and for good reason. BitBuy offers standard crypto exchange buying, selling and trading service. It does not have staking or NFT options at this time. Bitbuy is one of the oldest Canadian crypto exchanges, offering 25+ currencies and some of the lowest trading fees around. Bitbuy’s Express platform is perfect for beginners or anyone looking for a quick purchase at market price.

Our team сonstantly checks news & changes in the crypto world for Canadians. To make a purchase, click BTC-CAD in the top-left and then you will see a drop-down with a search bar. You can also view all of the trading pairs available. 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. 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.

This means that all your orders are fulfilled by https://forex-reviews.org/ instead of being outsourced to third parties. Pro traders will need to pay a 0.10% maker and 0.20% taker fee. Bitbuy has a verification procedure to ensure the safety and protection of the platform and its clients. If you meet the requirements, you can start using the services of the platform. All the features of the desktop version, including access to the Pro Trade and Express Trade.

Bitbuy Mobile App

This verification process, primarily done through the exchange of documents proving your identity, is one of the main ways the company prevents things like crypto related fraud. However, cryptocurrency brokerages are different, and many investors are worried that their money may be at risk. Fortunately, Bitbuy’s security is some of the best in the country. And, another added bonus is the fees are really simple. Within a couple seconds of hitting their fee page, I knew what I was going to pay to trade cryptocurrency.

It displays interactive charts with candlesticks and volumes. You can look at data in specific time frames and through particular indicators. Hot, warm and cold wallets on the Bitbuy platform are separate from the main network and Bitcoin users can store funds in insured offline wallets. To make a cryptocurrency deposit, go to the Wallets page, select a crypto wallet and click on the deposit option.

Hi Ryan, I’m truly sorry to hear about your situation. Please be advised that Bitbuy does not work with the third party you have mentioned. Bitbuy is a registered Money Service Business with FINTRAC, and we take these matters very seriously. We advise you to reach out to our support team and your local authorities as soon as possible. Easy to use, reliable and transparent to its fees, no hidden charges.

Loans Canada may receive compensation from the offers shown on its website. Once your funds are added, you’re free to choose your preferred cryptocurrency and start trading. If you’re serious about trading cryptocurrency, you’ll want to have a Bitbuy account to do so. With Bitbuy’s Express Trade feature, beginners who simply want exposure to cryptocurrency in seconds can do so. 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”.

Bitbuy is easy to use for beginners, but there are also valuable features like Pro Trade for seasoned traders. With a variety of pairings and a solid local presence, Bitbuy can be your go-to crypto exchange. You can access your Bitbuy account from the website or your phone through the app. You can reach out for your problems via email or a support card. The Pro Trade platform offers tools for technical analysis, meant for traders who buy and sell regularly.

Trust Wallet

For a set fee, traders can avoid slippage and get live quotes on large crypto amounts. An active dividend and growth investor, Dan has been involved with the website since its inception. He has become an authority figure in the Canadian finance niche, primarily due to his attention to detail and overall dedication to achieving the highest returns on his investments. So, if you’ve read this Bitbuy review and finally decide you want to open up an account and get started trading cryptocurrencies, fortunately the process is extremely easy.

Bitbuy is only suitable for Canadian residents, but Canadians are able to access the trading platform outside of Canada. Storage or technical access is necessary to create user profiles in order to send advertisements, or to track the user across a website or multiple websites for similar marketing purposes. Technical storage or access that is used exclusively for anonymous statistical purposes.

Speak with a trusted specialist today and see how we can help you achieve your financial goals faster. Loans Canada and its partners will never ask you for an upfront fee, deposit or insurance payments on a loan. Loans Canada is not a mortgage broker and does not arrange mortgage loans or any other type of financial service. Affordable – Bitbuy has affordable and more transparent fees compared to many other cryptocurrency platforms. Bitbuy has decent reviews from clients, as well as a simple mobile app for iOS or Android devices, which is great for beginners and advanced traders who wish to monitor coin prices on the go.

They also have a comprehensive insurance policy with the BitGo Trust Company, which covers all crypto holdings and adds an extra layer of security coverage for your digital assets. If you’re an advanced trader looking to invest more than $50,000, then Bitbuy’s OTC feature can benefit you. It is a large-scale concierge service for high-volume traders and institutional investors placing orders of $50,000+.

The platform is much cheaper than Coinbase and it supports Interac e-Transfers, making it extremely easy for Canadians to deposit funds. Netcoins for instance supports USD deposits, while Coinsmart allows you to trade in EUR, USD and CAD. Now it’s time to put money in your account and start trading.

For volume under $250k, the maker/taker fees are 1.50%, which is quite high in comparison to other exchanges. But they charge high fees for depositing and withdrawing fiat money. For example, there is a 1.5% deposit fee for Interac transfers and 0.5% for wire transfers, while Newton and Shakepay charge no fees. Bitbuy stands on the expensive side in terms of deposit fees. When it comes to depositing or withdrawing cryptocurrency in one’s wallet, Bitbuy does not charge fees. Also, Bitbuy charges fees for depositing and withdrawing Canadian dollars.

• Bitbuy’s fees are some of the best around, and it has a plethora of information available in its FAQ, so you can navigate the platform with ease.
• Security is paramount when we are investing, more so with cryptocurrencies.
• When he buys bitcoins, it’s with the BitBuy online platform.
• Of course it goes without saying that he uses the Hardbacon app so that he can manage all of his finances from one convenient place.
• With Bitbuy’s Express Trade feature, beginners who simply want exposure to cryptocurrency in seconds can do so.

Reasonable bitbuy canada reviews when it comes to maker and taker fees, especially on Bitbuy Pro. If you are considering your options, find out what it has to offer in our detailed review. As a marketplace and crypto broker of crypto assets in Canada as of December 1, 2021.