This, coupled with SSL encryption, means you won’t risk your crypto coins or personal information while trading at Bitbuy. You’ll then need to provide a valid email address, which you’ll need to verify afterwards, and create a secure password. Learning to read candlestick charts will prove beneficial here, since you’ll want to keep track of all the presented data in real time. Luckily, it doesn’t require a separate account, so you can use it whenever you need a deeper insight into the crypto market. Of course, you won’t get locked out of the Express Trade tool if you go Pro. Before deciding to trade in any kind of financial market or financial instruments, you should carefully consider your investment objectives.

What Services does Bitbuy offer?

Creating a Bitbuy account is a simple process that anyone can complete within a few minutes. Initially, you must input and confirm your email address and phone number. However, before it’s possible to trade or deposit on Bitbuy, any customer must complete Know-Your-Customer (KYC) verification. Due to its focus on simplicity, Express Trade is a good option for beginners looking to buy or sell cryptocurrency. Bitbuy has included a beginner-centric feature called Express Trade, enabling users to buy and sell crypto without hassle. While the Express Trade platform lacks analytical tools, its simplicity makes it excellent for new investors making their first foray into the crypto space.

Next, you can fund your account and start trading any of the supported cryptocurrencies. The “Pro Trade” platform is designed for more sophisticated traders who want to use advanced charting tools and multiple order types to execute sophisticated trading strategies. They also have a large selection of coins for sale on their website, making it easy for you to diversify your portfolio with more digital assets. Bitbuy is a reliable and trustworthy crypto platform and one of the first entrants into Canada’s digital asset exchange business.

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• Over 1,500 businesses have already entrusted their crypto dealings to this company.
• Bitbuy was launched in 2016 and quickly became one of the most prominent Canadian platforms for buying and selling crypto.
• As interest in cryptocurrencies grows, so does the need for a reliable solution to exchange these digital assets.
• Canadians need a trustworthy platform that offers a variety of digital currencies, top notch security, convenient funding options, and unmatched customer service.

While Bitbuy does not currently offer real-time customer support via phone or online chat, their customer service is quick to respond to support requests submitted through their contact form. Furthermore, the information in their support section is comprehensive and regularly updated, allowing users to resolve most of their issues independently. All you need to do is provide some basic information to get started (like your name, email address, and phone number), and the setup is quick and hassle-free. Once your trading account is configured and verified, you can start buying and selling digital currencies.

Pros and cons

There are also fees for trading, which will vary depending on whether you’re the maker or the taker in the trade. In the majority of trades, fees for the maker are less than the fees charged to the taker. Some platforms even give makers a negative fee for a trade, which is called a rebate.

Bitbuy Security

Bitbuy’s crypto withdrawal fees are based on the type of currency. The following table shows some of the withdrawal fees for each cryptocurrency it supports. 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. With its Express Trade capabilities, customers using Bitbuy can buy and sell their digital assets using Canadian fiat currency. Using CAD makes depositing funds into your Bitbuy account quick and easy.

Bitbuy Support Channels

Funds stored on Bitbuy are secured in offline cold storage with insurance up to the total value. This feature is made possible through a partnership with BitGo, a world-class institutional custody provider with a comprehensive insurance policy that extends to customer funds. Bitbuy is a cryptocurrency exchange that offers a full suite of digital currency services to individuals, businesses, and institutional investors via an OTC desk.

How Does BitBuy Compare to Other Crypto Exchanges?

The minimum deposit required to fund your Bitbuy account is typically $50 CAD if bitbuy canada review using Interac e-Transfer. For wire transfers, the minimum is higher, often starting at $10,000 CAD. There is no minimum deposit for receiving crypto directly into your account. To give you a fair perspective, I compared Bitbuy side by side with other regulated crypto and CFD platforms in Canada. This helped me highlight where Bitbuy stands out in terms of transparency, reliability, and platform quality, and where it still has room to improve. At OCryptoCanada, we like to give people knowledge to become aware and catch up in the cryptocurrency industry.

According to the official statement, at least 95% of cryptocurrencies are stored in such a manner at all times, protected from any malicious actors. By contacting the OTC desk, you’ll be matched with a dedicated account manager and reap various benefits of the platform. This includes instant quotes, trading with 100+ cryptocurrencies at the best rates, and even early access to upcoming features on the platform. Bitbuy was launched in 2016 and quickly became one of the most prominent Canadian platforms for buying and selling crypto. Forex, binary options, cryptocurrency, and CFD trading on margin involve high risk and are not suitable for all investors and traders.

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. As always, he is dedicated to providing a secure and user-friendly platform for digital currency exchange. Bitbuy also stores 98% of user funds in cold storage, which means it’s offline and not accessible to anyone trying to hack or break into the exchange. Even if a breach occurs, the vast majority of the funds on the platform are protected.

One of the things you’ll want to consider as you look for a cryptocurrency exchange is whether or not it supports the digital asset you want to use. Compared to other Canadian exchanges such as Coinsmart and Newton, Bitbuy is a great choice for Canadian traders who value digital assets’ security, reliability, and variety. In terms of security, both exchanges take security seriously and offer advanced security features such as cold storage and two-factor authentication. Bitbuy supports the deposit and withdrawals of crypto coins and Canadian Dollars. You can make a deposit or withdrawals using Wire Transfer or Interac E-transfers. Bitbuy Express lets you purchase crypto assets easily in just a few clicks.

While withdrawals will incur a 1.5% fee, no depositing costs exist. Bitbuy supports buying and selling 24 cryptocurrency assets on the exchange. However, the Pro Trade platform offers six additional trading pairs denominated in CAD and BTC, The tradable digital currencies include Bitcoin, Bitcoin Cash, Ethereum, Litecoin, and 20 others. Bitbuy is one of the few crypto exchanges offering insurance on crypto holdings.

• The “Express Trading” feature offered by Bitbuy is particularly suited for beginners looking to invest in cryptocurrencies.
• You can buy, sell, stake, and manage over 25 cryptocurrencies, with clear navigation and quick funding in Canadian dollars.
• For the “Express Trade” account, each transaction costs 1.50%, whether you are buying or selling cryptocurrencies.
• For traders using Bitbuy’s Pro Trade platform, the app provides market trading histories in addition to the trader’s orders.

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Interactive charts powered by TradingView give users the ability to adjust timeframes, draw lines, and include indicators to facilitate technical analysis. Bitbuy’s OTC service is a one-stop shop for investors looking to place large orders without experiencing slippage or price discrepancies. You can avoid concerns about price volatility and get real-time quotes on large quantities of a cryptocurrency for a fixed price. With over a decade experience in financial services, he’s passionate about personal finance, investing and helping people take control of their financial life.

In terms of deposit fees, for Interac e-Transfer, Bitbuy charges 1.5% and 0.5% for bank wire transfers. The Bitbuy Advanced trading platform has a sleek and futuristic look, specially designed for experienced traders. The best and safest way to buy Bitcoin is with a credit or debit card and on an exchange or platform that provides its clients with immense security, low fees, and customer convenience. Let’s find out what services Bitbuy offers, that make it the preferred exchange of 350,000+ Canadian crypto investors.