Whether you’re a beginner or an advanced crypto trader, find out how Bitbuy can help you invest in digital coins and tokens online. Bitbuy may be the perfect digital trading platform for your personal and financial needs. Although there are other cryptocurrency exchanges in Canada, you can rest assured that Bitbuy is a secure network featuring plenty of options for new and veteran traders alike.

• You can track your transaction on the History page in the Deposits section.
• Bitbuy does not support funding by credit card – similar to other Canadian platforms including Shakepay and Newton.
• KOHO’s Credit Building Program helps you build a better credit history with easy to manage payments for just $10/month.

The Bitbuy platform has a codebase that keeps core elements closed source. It means that no one can tamper with the code without getting reported. Bitbuy servers are secured by ISO, SOC and FIPS compliant cloud providers with multiple disaster recovery locations. Crypto transactions are visible with details like date, type, amount, coin, status and blockchain record. Orders are displayed with order type, order ID, date, quantity, price, value and fee.

Is Bitbuy a wallet?

Cryptocurrency wallet tool that helps businesses exchange, store and earn interest on cryptocurrency. Coinbase wallet is a cryptocurrency wallet for multiple types of digital currencies that manages portofilios with enhanced security. They’ve created new “Gold Account” status, allowing for faster and higher wire deposits and withdrawals. Whether you’ve just signed up for a Bitbuy account or you’re looking to withdraw some money from Bitbuy, there are fees and as you can see in the image below, minimum withdrawal amounts. Please note for both web and app transactions, if you are withdrawing via Interac e-Transfer, Bitbuy will send it to the email address linked to your Bitbuy account. It puts consumer safety and security first to offer a reliable and safe exchange.

The Wallets page shows the total balance and available balance held in each wallet. The page also shows an estimate of a Canadian dollar balance alongside the cryptocurrency balance for a crypto wallet. You can buy cryptocurrency by depositing Canadian dollars or another Bitbuy-supported cryptocurrency.

Unable to do PRO TRADE for 9 days

This feature also connects you to live traders seven days a week for instant quotes as well as your own account manager. On top of that, Oleg also has experience with NFT, airdrops, and crypto staking and he is constantly checking on new crypto assets. Oleg is a Canadian citizen & crypto expert who has been trading since 2016. He started out with Coinbase, Kraken and Peer-to-Peer exchanges.

It’s also explicitly mentioned at the time of the trade, no hidden fees there, you’ll know exactly what you pay. Unlike some other cryptocurrency platforms, I found Bitbuy to be extremely transparent when it comes to their fees. HelloSafe.caoffers site visitors information on insurance and personal finance products in compliance with applicable laws. Our guides, comparison tools and calculators are available free of charge. The content contained on theHelloSafe.cawebsite is for information purposes and does not replace that of professional advisors.

Fortunately, Bitbuy offers some of the best customer service in the industry. Below, we have collated a few tables to inform our users of the Bitbuy trading fees. The company has received industry acclaim by providing consumers with very competitive rates. While the clean and simple user interface means new traders can cut their teeth with trading crypto, Bitbuy Pro is available for more experienced traders. Bitbuy can accommodate large transactions with Bitbuy Corporate and their OTC trading desk.

Bitbuy Pro Trade

Reached out using the support email with a general question and received a personalized response instantly. However, as it was a general question about their coins, the response was most likely an auto-generated reply. A response to a support ticket would likely take longer. Bitbuy’s trading platform has everything you would need to trade in an attractive color scheme, which you have the option to change. Next, you will see all of the information you need to make the transfer. Go to your online banking app and make an Interac e-Transfer.

Founded in 2013 as InstaBT, the https://forex-reviews.org/ decided to rebrand as Bitbuy three years later. Bitbuy is incorporated as a Money Service Business and is registered with Financial Transactions and Reports Analysis Centre of Canada with headquarters in Toronto, Canada. Welcome to one of the best Canadian cryptocurrency trading platforms. Get low fees & top security at Bitbuy.ca when you buy Bitcoin, Ethereum, Litecoin & more. When comparing the two, e-transfers are a much more convenient payment method. 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.

You and your friends with $20 every bitbuy canada review the friend you refer deposits at least $250. Select whether you want a limit order or a market order. For limit orders you will need to enter your preferred price. You can view your orders, select a limit or market order when purchasing, and view all market orders from other users.

• Cold wallets are the most secure means of storing cryptocurrencies, as they are not vulnerable to hackers.
• Speak with a trusted specialist today and see how we can help you achieve your financial goals faster.
• At OCryptoCanada, we like to give people knowledge to become aware and catch up in the cryptocurrency industry.
• I sent them screenshot of my wallet to prove that it belongs to me but it is not enough.
• Got a restrictive notice for withdrawing an amount for $380.

However, approval of your application is not guaranteed. The credit provider’s final decision is made at their discretion, subject to decisioning criteria. Some of the products and services listed on our website are from partners who compensate us. This may influence which products we compare and the pages they are listed on. Users can exchange CAD for a variety of different cryptocurrencies. Strong reputation for exceptional customer support, with a knowledgeable and responsive team.

Alternatives to Bitbuy

FeatureBitbuyCoinbaseOrder Book TransparencyMarket orders are transparent so that traders can make better trading decisions. When you own crypto, your private key is your proof of ownership of your currency. The key holds the unique digital codes you need to access your assets.

Our Transactions Group has deep experience with all manner of acquisitions, divestitures and amalgamations, both for private and public companies. First Ledger Corp., on the sale of its “Bitbuy” high-growth consumer finance app and digital asset portfolio business to WonderFi Technologies Inc. The OSC continues to work with firms that initiated compliance discussions with Staff to assess the appropriate path to registration in Ontario.

Despite operating as a centralized cryptocurrency exchange, Bitbuy leverages advanced technology to secure user funds. The platform provides a highly transparent fee schedule and doesn’t include fees in digital currency market prices — fees are always separate. Safe Storage – 95% of user funds are stored in cold wallets and is covered by a comprehensive insurance policy through BitGo Trust Company. Pro Trade – This is aimed at experienced traders who really want to play the crypto market. With it, you’ll have access to different tools and charts to help you analyze your trades such as market history, order books and market depth charts. Pro Trade also allows buyers to place order limits, which is great for those who want to buy or sell at a particular price.

They’ve created a new username feature, resulting in a more streamlined login process. The platform, especially if you’re new, will seem quite advanced. The company partnered with Bitcoin security firm BitGo, which made Bitbuy the world’s first platform to keep the full value of its Bitcoin holdings insured.

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%. If you sign in using a new device or browser, Bitbuy will ask you to verify the login via email, and then text you a code to enter as well. Like with most exchanges, you can set up two-factor authentication on your account to prevent unwanted access.

Trading cryptocurrency with Bitbuy is as risk-free as possible. There are a few features that make Bitbuy stand out, such as the insurance, Bitbuy express, Pro, and customer support level. Get low and transparent fees with live order books for advanced users.

Bitbuy is now approved and regulated by the OSC, and the company has been acquired by WonderFi (a Kevin O’Leary backed company). WonderFi is also acquiring Coinberry, setting Bitbuy’s Web3/FinTech group as a leader in Canada and employing the most Web3 professionals in the country. Be the first to hear about the best offers, promo codes and latest news. If you are withdrawing via Bank Wire, a Bitbuy representative will contact you for your banking details after your withdrawal request has been made. 1 The use of “featured”, “popular”, “best” and “top” on Finty do not constitute a product rating or recommendation and are subject to our general disclaimer. Calculations in comparison tables will vary based on personal data input.

You’ll get a personal account manager and a personal trading fee quote for your order. The minimum investment for use of the OTC Desk is $25,000. Bitbuy offers Canadians the ability to deposit Canadian dollars into their fiat wallets via Interac e-Transfer or bank wire.